oil
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Obama on gas prices
If you can overlook the silly “price gouging” bit, this strikes me as an enormously effective push-back against Clinton’s attacks:
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Hilarious
Sam Stein: “Expert Support For McCain-Clinton Gas Plan Appears Nonexistent“ Stein’s not kidding, either — he looked for experts who’d support it. No luck.
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On God and gas
“God is the only one we can turn to at this point. Our leaders don’t seem to be able to do anything about it.” — Rocky Twyman, who is organizing “pray-ins” at San Francisco gas stations, asking God to lower gas prices (via Streetsblog)
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Unlike McCain and Clinton, Obama would have us capitulate to Gas Price Terror
Gas prices are high, which is the worst thing that’s ever happened in the history of America, dating back to the time of the dinosaurs. It’s a violation of the spirit of the Constitution of Independence as written by Jefferson Davis. We must declare preemptive war on gas prices before they destroy our freedoms, which […]
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Note to Bush, media: Opening ANWR cuts gas prices one cent in 2025
Bush blames Congress' failure to open the Arctic National Wildlife Refuge for high gasoline prices. The administration's own Energy Information Administration found otherwise in a 2004 Congressional-requested "Analysis of Oil and Gas Production in ANWR" (PDF):
It is expected that the price impact of ANWR coastal plain production might reduce world oil prices by as much as 30 to 50 cents per barrel [in 2025].
Don't spend it all in one place, American public! (Note to Bush: There are 42 gallons in a barrel.) EIA continues:
Assuming that world oil markets continue to work as they do today, the Organization of Petroleum Exporting Countries could countermand any potential price impact of ANWR coastal plain production by reducing its exports by an equal amount.
Curses, foiled again!
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Bush’s energy/food strategy unsurprisingly underwhelming
Bush had a press conference yesterday morning to blame Congress for soaring energy and food prices: "Unfortunately, on many of these issues, all [Americans] are getting is delay."
What does non-delayer Bush propose? Well, of course, new technology -- what else is
newold? Heck, he even said the long-term answer was hydrogen. (Not!)Oh, but he did offer some "short-term" solutions. His answer to rising electricity prices: Nukes!
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America is ill equipped to handle expensive oil
The Times‘ Jad Mouawad has written a piece describing the state of the world’s oil market. It is, in a word, tight. Production volumes have been flat at best, and consumption growth has continued. Kevin Drum comments: I imagine that a global economic slowdown will flatten oil consumption a bit over the next year or […]
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Bush, Big Oil offer more of the same
Yesterday, David noted comments by an oil analyst who predicted $200 oil by 2012.
Today, that analyst was joined in his prediction by none other than the chief of OPEC, Chakib Khelil (who's also Algeria's energy minister). Mr. Khelil's comments were not date-specific, though this article leads me to believe he was thinking $200 oil could come much sooner than 2012.
Meanwhile, we saw more of the same from both President Bush and Big Oil.