As the Iraqis look to advance their oil production from a little over 2 million barrels today by another 500,000 barrels, they chose to go the ‘no bid’ route. Is it any surprise that they were not able to come to terms with several hand-picked global oil producers in the first round of talks?
I currently live in New Jersey. You can tell that I was born and raised here because when we go to our coastline resort cities, we go to ‘The Shore’. If I were from New York, I’d say I was going to ‘The Beach’. Semantics, I know, but an important distinction for anyone from Joisey. [...]
In the late 70′s, I used to work with a guy who was in love with his Diesel Rabbit. He was a pseudo-hippie who was less interested in the the overthrow of the establishment and more interested in saving his bucks for partying.
For many years, California led the nation in environmental legislation. In an initiative established in 2006, the California Air Resources Board (CARB) has been charged with reducing California’s greenhouse gases by 10% of today’s levels by 2020. Aggressive, by any stretch.
It seems that high fuel prices continue to press the economy and in this case, the effect is felt by the industry that relies heavily on energy: automotive.
Attention Capitalists: Please ignore this post, as I don’t wish to insult your intelligence.
To help secure our economy from external forces, many have suggested we increase our domestic petroleum production. The dissent have argued that oil is bad and alternatives are good.
Former Speaker of the House, Newt Gingrich, has created American Solutions – a site dedicated to promote the exploration and drilling of our own oil resources within the US. Here is a recent commercial.
While the Feds and presidential candidates are looking who to blame for high gas prices, the American consumers enacted their own relief package – we used less gas. In our capitalist society, where the laws of supply and demand rule, we used less gas and prices softened. Whether it be conservation, taking fewer trips, trading in [...]
According to OPEC president Chakib Khelil, oil prices “will not come down.” While in Brussels, Mr. Khelil stated that OPEC has done all it can do and not to expect prices to drop further. Upon reading this, I pause to ask that if the world’s largest oil cartel can do nothing to soften prices, what will the [...]
