Tag: oil prices
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Oil industry demand for more drilling permits to lower oil prices is phoney
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
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 continues in order to…
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Bush returns to orginal premise of his presidency — help oil companies
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…