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Historically High Oil Exports Helping Keep Gas Prices High
Tweet Share on Facebook September 8, 2011 Comment (16)Many Americans know supply and demand can make an impact on how many dollars they shell out at their local gasoline station--the lower the supply the higher the price. Is part of the reason supply is low because refiners are keeping it there deliberately while sending refined oil overseas?
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Alan Krueger Has Some Peculiar Views on Energy Policy
Tweet Share on Facebook September 1, 2011 Comment (2)Daniel Kish is the senior vice president for policy at the Institute for Energy Research.
The latest in President Obama's revolving door of White House Economic Council Chairmen—Dr. Alan Krueger—has some peculiar views on our national energy policy, to say the least.
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Historically, Gas Prices Fall Over Labor Day Weekend
Tweet Share on Facebook August 31, 2011 Comment (1)Patrick DeHaan is a senior petroleum analyst at gasbuddy.com.
With Labor Day fast approaching, motorists are seeing prices perk up at gasoline stations across the nation. Many simply point to the fact that a holiday is approaching for the hike in prices—but what's the real reason? Have gasoline prices risen traditionally before every Labor Day weekend, and what are the true reasons for such timely increases?
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Keystone XL Pipeline Decision a Test on Obama, Environmentalism
Tweet Share on Facebook August 26, 2011 Comment (8)President Obama cancelled the rest of his Martha's Vineyard vacation plans to be in Washington for the impending hurricane. But, perhaps worse than the high winds and heavy rains expected to hit the capital, he'll be coming back to a storm of criticism from environmentalists who are lashing out against the State Department's just released findings on the Keystone XL pipeline project.
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Fewer Americans See Climate Change a Threat, Caused by Humans
Tweet Share on Facebook August 26, 2011 Comment (15)Though climate change hasn't received quite the same attention it had back in 2006 and 2007, it's not too surprising that the vast majority of Americans still know at least something about it. But what they know exactly is changing, and national politics certainly seems to be playing a part.
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EPA's Proposed Ozone Regulation Could Cost $1 Trillion
Tweet Share on Facebook August 25, 2011 Comment (10)Thomas Pyle is the president of the Institute for Energy Research
The EPA has proposed to tighten the screws on American businesses and households by reducing acceptable ozone levels. The proposal could render up to 96 percent of U.S. counties noncompliant, and by some estimates would impose economic damages exceeding $1 trillion. There is no compelling health reason to foist such draconian regulatory changes on the fragile U.S. economy. The proposed regulations amount to serious costs with negligible benefits.
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Super Committee Debt Solution: Get Rid of Energy Subsidies
Tweet Share on Facebook August 24, 2011 CommentWith the task of slashing federal spending levels by as much as $1.5 trillion over the next decade, the congressional bipartisan, bicameral debt "super committee" has its work cut out for it. But a new report called Green Scissors 2011 may offer a starting place toward finding a passable solution.
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How Much Oil Is There?
Tweet Share on Facebook August 24, 2011 Comment (3)Gregg Laskoski is a senior petroleum analyst for Gasbuddy.com.
Considering how much clamor is generated about the prices of oil and gasoline, how much is needed to survive, and what diverse societies are willing to pay to keep turning the wheels of commerce and industry worldwide, it's a bit peculiar that the global economy depends heavily on a finite resource whose supply, we're told, replenishes perhaps faster than it diminishes.
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A 2007 Redux Could Mean Even Higher Gas Prices
Tweet Share on Facebook August 18, 2011 Comment (6)Gregg Laskoski is a senior petroleum analyst for Gasbuddy.com.
It may seem like ancient history to some, but it's probably helpful to remember lessons from 2007. The national average price of gasoline in August '07 hovered at $2.50 per gallon, about a dollar less than where we are now. After Labor Day and from then on—when fuel prices typically decline in the fourth quarter—they rose instead. By the end of 2007 retail gasoline prices had increased about 70 cents per gallon. The statistical anomaly that closed 2007 would be a troubling harbinger of what 2008 would bring.
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Taxes on Oil Producers Will Hurt, Not Help, With Deficit
Tweet Share on Facebook August 17, 2011 CommentDaniel Kish is the senior vice president for policy at the Institute for Energy Research.
By mid-August, Washington, D.C., is a quiet place. Congress is on recess. The bureaucrats are on vacation. The media have headed out to the Cape or the Vineyard for the summer.
Unfortunately, all good things come to an end. Eventually, the president and Congress will make their way back into town chock-full of great "ideas" to spur the economy. Worse, the president and the congressional "super committee" (official title: the Joint Select Committee on Deficit Reduction) will shortly have competing proposals on how best to reduce the deficit.
Before the president and Congress offer up their proposals and we launch into the maelstrom again, it might be worth pointing out a few, very obvious facts to inform the conversation. [Vote now: Who won the debt ceiling standoff?]
