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Obama meets T. Boone Pickens
Likely Democratic nominee Barack Obama met with T. Boone Pickens to discuss energy policy today. The two men would be unlikely allies, as Pickens has been a staunch Republican who heavily funded the Swift Boat Veterans for Truth organization that’s largely credited for destroying John Kerry’s Presidential campaign back in 2004. When asked [...]
Continue reading...Republicans still working on energy in Congress
1. August 2008
Many Democrats may have gone home and the cops are trying to kick reporters out of the House, but Republicans are still talking - and chastising Democrats for leaving while the nation is in need of a comprehensive energy bill. All of this has made for an amusing spectacle as Democrats literally turned off the [...]
Continue reading...McCain: Bush caused oil price drop
23. July 2008
McCain has said that Bush’s removal of a ban on offshore drilling was largely the cause for a recent drop in oil prices that has lowered gas prices by 5 - 10 cents per gallon in many areas of the country so far. Bush recently lifted the executive order banning offshore drilling that his father put [...]
Continue reading...Congress may hold down oil speculation
23. July 2008
An extremely popular bill is currently being considered in the Senate that may limit speculation in the commodities market that has been partly responsible for driving up the price of oil. How much is highly debatable, but supporters of the measure insist it will cut prices significantly. The legislation "should immediately and sustainably lower prices," said [...]
Continue reading...DRILL!!!
23. July 2008
Ok people, let’s make this simple . Really simple. Oil is a commodity. Commodities become more expensive when demand exceeds supply. Demand for oil has exceeded supply. Oil has become expensive. Oil comes from the ground, where it is drilled and pumped out. So, we need to…uhhh…spin the dredel? Boil corn? NO! There ya go! We need MORE OIL, people! [...]
Continue reading...T. Boone Pickens is no Al Gore
22. July 2008
T. Boone Pickens, who last week unveiled a comprehensive and practical plan to reduce foreign oil imports by more than 30%, or $300 billion, in the next 5-10 years, is taking issue with Al Gore’s recent speech. Today, Pickens released the following statement… “Today, former Vice President Al Gore put forward a framework of a plan [...]
Continue reading...New McCain ads tout drilling
21. July 2008
The latest TV commercial for John McCain places drilling front-and-center as a solution for our current gas price problems, and points to Obama as a significant factor in holding back additional oil exploration. Although it doesn’t much elaborate on the specifics of how or why, the commercial does bring home a single issue that the [...]
Continue reading...Democrats: ‘Let’s raise gas taxes’
20. July 2008
So the idea of a gas tax holiday is pretty much dead in the water at this point. But, Democrats aren’t satisfied with just that. They’re now talking about adding up to a dime a gallon to the price of fuel in order to pay for assorted highway construction projects… Senate Democrats in May tried to [...]
Continue reading...T. Boone Pickens has the right plan
14. July 2008
Oilman and outspoken political activist T. Boone Pickens has the right idea for dealing with America’s energy crisis. His proposal, backed by a healthy dose of television advertising that has just started, urges Americans to elect leaders that will work to promote energy diversity. Specifically, Pickens wants to begin using wind generated power to supply 22% [...]
Continue reading...Abu Dhabi uses oil money to purchase the Chrysler Building
10. July 2008
That sounds like a headline that would belong in the satrical ‘The Onion’ newspaper , but sadly this is the real deal. The Chrysler Building, one of the most recognizable American landmarks, and the world’s tallest building until 1931, was acquired yesterday by the Abu Dhabi Investment Council for an undisclosed price . This is part of [...]
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18. August 2008
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