Currently viewing the tag: "oil prices"

Oil industry demand for more drilling permits to lower oil prices is phoney

On March 29, 2011 By

The argument that more drilling, fewer regulations will bring down oil price spikes is a tired old story-

The oil industry recycles it for every international crisis, nevertheless; and the media take it seriously (sort of). Once again they are exposed, although simple logic tells us that a strategy that takes years to implement will […]

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Oil falls as low as $118 on demand concerns

On August 5, 2008 By

The price of crude has dropped from $150 to $118 in the last month due to an absence of bad news and reduced demand. Oil falls as low as $118 on demand concerns. By Madlen Read. Washington Post.

Still the campaign to increase the supply of domestic crude on public lands […]

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Bush returns to orginal premise of his presidency — help oil companies

On June 19, 2008 By

Brian Ertz posted a story several days ago about this topic. This is my take.

In the last week we have had the President’s answer to high energy prices, drill for domestic oil, and develop oil shale deposits.

The primary economic result of this will be to enrich the oil companies even more. They don’t […]

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Quote

‎"At some point we must draw a line across the ground of our home and our being, drive a spear into the land and say to the bulldozers, earthmovers, government and corporations, “thus far and no further.” If we do not, we shall later feel, instead of pride, the regret of Thoreau, that good but overly-bookish man, who wrote, near the end of his life, “If I repent of anything it is likely to be my good behaviour."

~ Edward Abbey