Tag: oil prices

From what relatively little attention a report by the U.S. Congressional Budget Office on energy security received last month, one conclusion jumps out at us here at The Energy Fix. We’ve pasted it in below, along with the most relevant infographic. “Policies that promoted greater production of oil in the United States would probably not…

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EDITORIAL The move by U.S. House of Representatives Speaker John Boehner to thrust $3.6 billion in annual tax breaks benefiting producers of fossil fuels represents a possible sea-change in the nation’s energy priorities. Boehner’s comments in an interview on ABC News Monday night could reduce the huge gap between subsidies for oil, coal and natural…

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EDITORIAL Think of the current increases in crude oil prices as a” tax” on energy consumers. That’s what Larry Kudlow, conservative talk show host on CNBC-TV and author who served as Associate Director for Economics and Planning in the Office of the Management and Budget during Ronald Reagan’s first term, 1981-85, called it during his…

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Oil prices bump up over $100 per barrel and here come the mounting, knee-jerk, calls to draw down a portion of the 726 million barrels of crude oil stored in salt caverns in Texas and Louisiana. If they think the unrest in Libya is an emergency deserving of a draw-down, they’d better check their grasp…

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As oil prices approached $92-a-barrel, several reports point to oil prices rising above $100 per barrel and $4-per-gallon gasoline in some parts of the country this winter. The reasons include: 1. The Federal Reserve pumping money into the economy. “There’s really not a whole lot keeping the price of crude oil from going above $100…

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