From Points and Figures:
On Monday, Secretary of Agriculture Tom Vilsack announced a buyback program for pork, lamb, chicken, and catfish. Coincidentally, president and desperate candidate Barack Obama was out in Iowa trying to stem the Romney/Ryan momentum. Yesterday, he touted his new program.
“Today the Department of Agriculture announced that it will buy up to $100 million worth of pork products, $50 million worth of chicken, and $20 million worth of [...]
The Obama White House is drawing ridicule for appending the official online biographies of nearly every president over the last century in order to link President Obama’s accomplishments to the former commanders in chief.
The Obama team went into the pages of U.S. presidents dating back to Calvin Coolidge to add friendly looking “Did you know?” fact boxes to the end of their bios. Those additions were used to plug a [...]
(Reuters) – TransCanada Corp has asked the U.S. government for approval to build the $7.6 billion Keystone XL oil pipeline, which has been put on hold due to environmental concerns.
The company said in a statement on Friday that it has submitted an application with the U.S. Department of State for the pipeline from the United States and Canada border in Montana to Steele City, Nebraska.
TransCanada said it will choose an [...]
WASHINGTON – Under pressure to take action on rising gasoline prices, President Obama wants Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions.
The White House plan, which Obama was to unveil Tuesday, is more likely to draw sharp election-year distinctions with Republicans than have an immediate effect on [...]
by Adam, CM
“The age of cheap oil is over” agrees Andrew Chung, partner at Khosla Ventures, arguably the most knowledgeable venture capital firm spearheading next-generation energy projects.
While perhaps more optimistic than Chris on the odds the world can transition off of fossil energy sources without experiencing some duration of lower overall energy output, Andrew is clear to point out that large and near-term capital investments are essential for such a smooth [...]
March 28, 2012
Editor’s note: Obama is a teleprompter reader and has nothing to do with gas prices. Outraged Americans should turn their attention to the Federal Reserve and monetary policy if they want to stop the devaluation of the dollar, the real culprit behind rising gas prices.
More than two-thirds of Americans disapprove of the way President Barack Obama is handling high gasoline prices, although most do not blame him for them, [...]
Republicans have in recent weeks waged an all-out blitz against President Barack Obama over the issue of gas prices, but the political benefit could prove fleeting, if and when fuel prices decline.
The steady rise in gas prices this spring provides Republicans with their most immediate example of the pocketbook fleecing suffered by voters, prompting the party to pounce. While some indicators point toward a tentative economic recovery — which could [...]
(CNN) – Registered Republicans voted Saturday in Louisiana’s primary while Rick Santorum, heavily favored to win there, and Newt Gingrich assailed President Barack Obama’s energy policies and Mitt Romney’s hefty campaign war chest.
The visual of the week, the venerable Etch a Sketch, made an appearance as a prop during a Santorum stop in Wisconsin.
An American Research Group poll conducted between Tuesday and Thursday showed Santorum leading Romney in Louisiana by a [...]
Signs that crude futures may hit much higher levels are converging, say oil traders and analysts, some of whom predict that Brent [LCOCV1 124.12 --- UNCH ] crude could reach $200 a barrel within the next 12 months.
The biggest issue, they say, is that global crude supply remains uncommonly tight — a scenario that’s unlikely to be alleviated any time soon.
Even though Libya’s oil has largely returned online after the political disruptions that took it off [...]
By BYRON TAU |
3/13/12 3:22 PM EDT
The Gingrich campaign is going a second round with the White House over press secretary Jay Carney’s remark that any politician who was promising cheap gas was “lying.”
“The idea of this administration, which has brought us a failed stimulus, boondoggles like Solyndra, $5 gasoline and record budget deficits, lecturing anyone on economics, would be funny if their utter incompetence weren’t so painful for the American people,” [...]
WASHINGTON (AP) — President Barack Obama is hitting back at Republican criticism of his energy policies and his role in controlling gasoline prices.
Obama used his weekly radio and Internet address Saturday to underscore his administration’s work to develop alternative energy sources and increase fuel efficiency.
“I’m going to keep doing everything I can to help you save money on gas, both right now and in the future,” Obama said. “I hope politicians from both [...]
WSJ: ’The American people aren’t stupid,” thundered President Obama yesterday in Miami, ridiculing Republicans who are blaming him for rising gasoline prices. Let’s hope he’s right, because not even Forrest Gump could believe the logic of what Mr. Obama is trying to sell.
To wit, that a) gasoline prices are beyond his control, but b) to the extent oil and gas production is rising in America, his energy policies deserve all the [...]
by Rep. Dennis Kucinich
An image from the Great Depression
Congressman Dennis Kucinich (D-OH) today spoke on the House floor about the massive transfer of wealth from the American people to the hands of the few by virtue of wars, energy policies and monetary policies. He called upon Americans to witness Wall Street’s theft of Main Street, which has left millions of everyday Americans out of work [...]
Ken Salazar must issue the deepwater drilling permits the nation needs, the author writes. | AP Photo
You need to watch only a few minutes of cable news analysis to realize just how ludicrous our national energy policies have become. As escalating tensions and chaos unfold in Egypt, Libya and other Middle Eastern nations, one energy analyst suggested that if Libyan oil supplies were to fail, [...]
Well, unfortunately, it’s a long list: the coal lobby is probably the most powerful, and the fact that they have gotten to our “clean coal” president Obama and our “agnostic” on natural gas energy secretary chu are the best indications of this fact. next are the railroads who count on coal transport for much of their profit. then of course we have the military & defense companies who are very [...]