Archive for the 'Energy and Oil' Category

Shooting straight at the wild goose

According to the NY Times, an investigation into whether speculators are behind the run-up in energy prices has not yet found a smoking gun: As Congress debates how to curtail the role of speculators and rein in rising oil prices, a federal task force said Tuesday that it had so far found no evidence that [...]

Thar’s OIL in them hills!! Sort of. Maybe.

Via memeorandum I see that Ken Salazar (D-CO) has a cautionary editorial in today’s Washington Post about oil shale. In it, he reminds people that although technological progress has been made, companies are still a long way from solving the problems involved in extracting oil from those vast deposits, and he wonders what the purpose [...]

Catching the Wind

T. Boone Pickens has evidently decided that somebody needs to act — seriously, in a big way — on the energy problem.  And he’s starting with wind.  (CNN) The legendary entrepreneur and philanthropist on Tuesday unveiled a new energy plan he says will decrease the United States’ dependency on foreign oil by more than one-third [...]

Gas prices could be worse

For all the crying and moaning about increased gas prices in the US, you’d think we’re the only ones with a problem, or that it’s The End of the World As We Know It. Imagine the cacophony if it were $9 per gallon. The mind boggles. Here in the US, I think we’ll see anarchy [...]

Krugman on Clinton’s gas tax

Paul Krugman’s all wrapped up around an ad from the Obama campaign: I did not say that the Clinton proposal would increase oil industry profits. If the ad implies that I did, it should be retracted. I beg to differ. The ad in question (you can see it here) references the NYTimes on April 28 [...]