I’ve heard before that shale oil was energy intensive. In fact, that’s the most frequent criticism I’ve heard. But I had no idea it was this energy intensive:
Environmental groups such as the Natural Resources Defense Council have called oil shale one of the planet’s dirtiest fuels. It can be converted into liquid petroleum, [...]
The Wall Street Journal correctly skewers T. Boone Pickens today:
Boone Pickens may be a fine man, and has played a colorful and useful role on the American stage for decades. But his “energy plan,” which he’s spending a fortune to promote on cable TV, is not a plan. Asserting that [...]
As I’ve mentioned in the past, I enjoy reading a few economics blogs. Lately, oil prices have been a hot topic — why are they high?, are they too high?, are they too low?, are speculators driving up the price, etc. It’s been a fascinating discussion.
Yesterday, Arnold Kling suggested that it’s more likely that oil [...]
How to relieve poverty in oil-rich third-world countries.
Invade and take over the oil wells Give control of the oil wells to private corporations The government — deprived of easy oil money to buy elections and support — will begin to govern better
It’s crazy, but it just might work.
Do you wonder why gas has been so expensive this summer? Wonder no more. Gas Prices Rise on Refineries’ Record Failures - New York Times
Oil refineries across the country have been plagued by a record number of fires, power failures, leaks, spills and breakdowns this year, causing dozens of them to shut down [...]
GasBuddy has a nifty map of gasoline prices by county. I imagine that ease of transportation explains part of the price differences. However, I think that most of the difference is explained by differences in state taxes and EPA regulations.
Keep this map in mind the next time you’re tempted to blame oil companies for expensive [...]
Hold on to your wallets — the Senate is in session. Senators Grassley and Baucus plan to make your gasoline even more expensive.
A proposal to hit oil companies with $29 billion in new taxes advanced in the Senate on Tuesday, targeting the money to energy conservation, wind turbines, electric hybrid cars and clean [...]
The Times is surprised to learn that the recent emphasis on biofuels is making our gas more expensive.
In hearings before Congress last year, oil executives outlined plans to increase fuel production by expanding existing refineries. Those plans would add capacity of 1.6 million to 1.8 million barrels a day over the next five [...]
Edmund Andrews has a nice op-ed in the New York Times. He talks about the recent rise in gasoline prices and the claims that oil companies and station owners are gouging consumers. As usual, it turns out that your federal government is the culprit, not the savior.
The Energy Information Administration is predicting that [...]
Instead of using our oil ourselves, we may soon be watching Cuba use them on behalf of China and India. Does something about that sound wrong? It sure does to me.
We can do something about the potential encroachment on our oil fields by lifting the bans on off-shore drilling and increasing the domestic [...]