Tag Archive 'oil'

Where Do Most of Our Problems Come From?

From Congress and the unintended consequences of their actions. Bruce over at QandO has a post discussing an excellent piece by Walter Williams.
Most of the great problems we face are caused by politicians creating solutions to problems they created in the first place. Politicians and much of the public lose sight of the unavoidable fact [...]

I’m with Senator Obama

At least on this topic.
Economists in general oppose a tax holiday because it would encourage consumption of gasoline at a time of soaring demand.

Billionaire oilman T. Boone Pickens, a longtime Republican donor, criticized Sen. McCain’s policy in an interview with The Wall Street Journal and other news organizations last week.

Mr. Pickens said suspending the federal [...]

Abiogenic Oil

Hoystory poses a thought-provoking question with potentially dramatic consequences for the concept of “peak oil”:
What if “fossil fuels” weren’t made of fossils at all? What if the earth naturally made petroleum? What if gasoline was a renewable resource?
Imagine the howls from the environmentalist left if there was no such thing as “peak oil.”
In answer of [...]

Conflict on Campus in Colorado

photo: Michael Buck
The sole finalist for the new president of the University of Colorado system, is a Republican oil executive with only a bachelor’s degree. You can imagine where this is going:
Campus observers have fiercely protested the selection, which has yet to be approved by regents. A “Boycott Benson” Web site questions the selection process [...]

Blood For Oil

Joseph Kennedy II supports blood for oil.
In recent months, my TV has been bombarded with ads from Joe Kennedy promoting his Citizens Energy program, such as the following:

The heating oil distributed by Citizens Energy comes from Venezuela on a subsidized basis (which its been doing since 1979). Since Hugo Chavez took the reins of [...]

Exxon vs. Hugo

Via Instapundit, it looks as if Hugo might have to cough up some money for nationalizing oil assets after all. Good.
Exxon Mobil Corp has moved to freeze up to $12 billion in Venezuelan assets around the world as the U.S. company fights for payment in return for the state’s takeover of a huge oil project [...]

Big Oil, Big Taxation

photo: ccgd
Mick at Uncorrelated picks up a Mark J. Perry story noting that ExxonMobil’s annual average tax bill, nearly equals total taxes paid by the bottom 50% of individual taxpayers in 2004. In the leftist mind this is perhaps deserving punishment for the robber baron. For me, it’s an enormous amount of private capital, that [...]

Scrambling for Africa: A Conversation with John Ghazvinian

Gas flaring in the Niger Delta (photo: Ellie)
John Ghazvinian is a journalist and historian of considerable insight into African affairs. He also happens to have written one of the best recent books on the emergent international struggle for African petroleum: Untapped: The Scramble for Africa’s Oil (the paperback edition is due out in April). Whilst [...]

Chavez’s Demise

Assuming he doesn’t double down on the oppression, will come as his oil company collapses.

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