We might be headed for $4 gas again - Hurricane Ike, although weaker than expected, has substantially lessened refining capacity in the Gulf region, causing gas prices to spike back up to about $3.80/gallon. This comes on the heels of Gustav, which first cleared the workers out of oil rigs. These latest storms really emphasize [...]
Continue reading...Friday, August 1, 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...Wednesday, July 23, 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...Wednesday, July 23, 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...
Monday, September 15, 2008
2 Comments