Just Drill in US, Baby; We’ve Got 131 Billion Barrels

Sunday, May 30th, 2010 Posted in Uncategorized | No Comments »

From today's WSJ, "Just Drill Baby," by Pete DuPont: The government reports that U.S. crude oil production declined to 1.9 billion barrels in 2005 from 3.5 billion in 1970, and the share of our oil that is imported has increased to ...

Rethinking Biofuel Enthusiasm

Friday, May 21st, 2010 Posted in Uncategorized | No Comments »

The political importance of corn-growing, ethanol-making Iowa is one reason that biofuel mandates flow from Washington the way oil would flow from the Arctic National Wildlife Refuge (ANWR) if it had nominating caucuses. ANWR's 10.4 billion barrels of oil have become ...

Big Oil Is Not the Problem, It’s Big Government

Tuesday, May 18th, 2010 Posted in Uncategorized | No Comments »

Congressional ignorance of basic laws of supply and demand is at once bizarre, breathtaking and frightening. For example, in a speech delivered by New York Democratic Sen. Chuck Schumer on May 13, he urged the U.S. to force Saudi Arabia ...

Want Lower Gas Prices? OK, Let’s Increase Supply

Monday, May 17th, 2010 Posted in Uncategorized | No Comments »

World oil prices might decline if there were more spare oil production capacity. But the control of world oil prices is not in the hands of investor-owned oil companies in the United States, which control just 6% of worldwide ...