New Hampshire Democrat Jeanne Shaheen is hitting her likely opponent for the U.S. Senate, Scott Brown, in a new TV ad over the Republican's ties to "Big Oil"—even while Shaheen invests in energy companies herself.
The 30-second spot from Shaheen's campaign says Brown, while representing Massachusetts in the Senate, voted to give companies in the oil industry "$20 billion in taxpayer subsidies."Read more
A new poll finds Colorado Republican Cory Gardner neck and neck with the Democratic senator Mark Udall in what's become one of the hottest Senate races of the midterm elections. Rasmussen Reports finds Udall with 43 percent support and Gardner, a two-term congressman, with 42 percent support, a virtual tie between the candidates.Read more
And we thought the bad old days of oil shocks were over. Embargoes, price spikes, gasoline lines in America, a sweater-bedecked president ordering the end of hot water in many facilities, collapsing retail sales as high gasoline and energy prices hit stores as much as a big tax increase would, economic stagflation, or worse. Well, it just might be that we were wrong to believe that danger to our continued prosperity has been removed with the death of theories about “Peak oil.”Read more
America is a fracking cornucopia of crude oil, independent of the rapacious OPEC cartel. And has an inexhaustible supply of natural gas, putting us in a position to become a major exporter able to use its gas reserves as a geopolitical weapon. Take that, King Abdullah and Vladimir Putin. Too good to be true? You bet.Read more
There is something about the energy business that is conducive to the creation of myths. So Roger Sant, a long-time and highly respected participant in the energy policy game and in the industries that energy legislation and regulation affect, told a group of Houston oil men recently. Energy myths do die, but only to be replaced by new ones.Read more
It's not often officials from the nation’s largest business lobby and an AFL-CIO-affiliated union speak to one another, let alone work together. But last week, the U.S. Chamber of Commerce and North America’s Building Trades Unions held a joint press conference on Capitol Hill in support of the Keystone XL pipeline that would bring oil from Northern Alberta to the Gulf of Mexico. Nearby that same day, exactly five years after Trans-Canada Corp.Read more
The U.S. Energy Information Administration reports today that sales of fossil fuels produced on federal and Indian land continue to decline, dropping 4 percent in fiscal year 2012. The slide continues a decade-long trend that accelerated in 2010, as the chart accompanying the report shows:
The report explains:Read more
The momentum to restrict Iranian oil exports has stalled, and it is time for Congress to eschew a more gradualist approach and mandate zero oil exports with zero waivers. This, along with more concrete military pressure, could increase the otherwise slim chances for success in expected new talks with Iran. U.S. lawmakers and Obama Administration officials should not fear the impact on the oil market, which can manage a cutoff of Iranian oil revenue better than can Tehran.Read more
We heard throughout the campaign of President Obama’s “all of the above” energy policy. That was then. This is now. About 48 hours after he was assured of reelection, the president’s Interior Department issued a plan to close to oil shale development 1.6 million acres of federal land in the West to oil.Read more
At last night’s debate, President Obama said gas prices were under two dollars per gallon when he took office because the “economy was on the verge of collapse.” And that if Mitt Romney were elected he “could bring down gas prices, because with his policies we might be back in the same mess.”Read more
Federal Reserve Board chairman Ben Bernanke now has two reasons to disappoint those who are hoping he will use his speech next week at the conclave of central bankers in Jackson Hole, Wyoming, to launch the good ship QE3.Read more
Media bias consists of more than partial quotes, deliberate misreporting, and economy with the truth. Doubt that, and read the New York Times last week, reporting—on page one—“U.S. Reliance on Saudi Oil Goes Back Up: Security Concerns Rise With Gulf Imports.” If you think this has anything to do with the president’s decision to veto the Keystone Pipeline, think again, or look for a more balance report.Read more
The price of gasoline is rising and may reach $4 a gallon, which is considered critical in the minds of consumers and political consultants worrying about how to seduce them. In an economy that is otherwise stalled in the weakest recovery since World War II – real wages in decline, job growth anemic to non-existent, etc. – an increase in the price of unavoidable purchases is a hard thing for consumers/voters to take.Read more
Type in your email
address to get started:
Thank you for signing up for the Jonathan V. last newsletter! You should receive your first newsletter very soon.
We're sorry, there was an error processing your newsletter signup.