from the Wall Street Journal editorials, Oil Export Myths: One liberal target is to prevent any easing in the 39-year-old ban on oil exports. The ban makes less sense each year as U.S. production increases, with the latest estimate at
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At first glance the dramatically lower oil prices is great news because just about everyone we know will have more money in their pocket at the end of the week. The middle class and the lower income will feel
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From The Personal And Economic Benefits Of Cheaper Oil at investor’s Business Daily: The U.S. imports about 3.5 billion barrels of oil a year. So a $20 reduction in price is equal to a $70 billion tax cut. And since
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from Bloomberg Businessweek, Why Abundant Oil Hasn’t Cut Gasoline Prices by Asjylyn Loder, Mario Parker, and Matthew Philips on March 28, 2013 excerpt: This year, the law requires U.S. refiners to blend 13.8 billion gallons of ethanol into the fuel
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In Carpe Diem ( a daily read for me) economics professor and blogger Mark Perry writes What Can Onions Teach Us About Oil Speculators?. 4/22/12 The two critical points made by Perry Futures trading in onions was banned in in
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Larry Kudlow writes King Dollar Will Cut Oil Prices in Townhall. Excerpts: A stronger dollar is key. The Joint Economic Committee just put out a study showing that a 10 to 15 percent appreciation of the greenback to pre-recession levels
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Gasoline prices are falling. On behalf of all of those who blamed the evil oil companies for the high prices I would like to thank them for lowering prices. The oil business is booming in North Dakota. Unemployment there is
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While we restrain oil production in this country, Canada is tapping their resource with new found vigor. Mary Anastasia O’Grady writes in the 9/12/2011 Wall Street Journal, Canada’s Oil Sands Are a Jobs Gusher. Excerpt: Having spent an hour the
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At American Thinker Jeffrey Folks writes ” The Obama Energy Fiasco.” While America is restricting energy production through legislative penalties the rest of the world is seeking new energy sources, drilling new well (including 90 miles off our shores), to
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A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline. A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year. So, the average clunker transaction will reduce US
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