Gas Tax Holiday? Are You Kidding Me?

The proposed gas tax holiday by both Senators McCain and Clinton is preposterous. This falls under the same stupidity that Speaker Pelosi showed by asking to reduce the oil being sent to the strategic oil reserves. All this to save a few cents per gallon when the market is blowing that amount a way on [...]

Speaker Pelosi: Stop sending crude oil into the nation’s emergency stockpile

Yeah, that will fix everything. Are you kidding me? Talking about looking for politically motivated press. I haven’t had much to agree on with what the White House says, but  White House Spokesman Scott Stanzel’s reply, "We don’t believe the fill rates have a meaningful impact on oil supplies," is right on the money. At [...]

Energy Manipulation? (w/ Book Review: The Green Trap by Ben Bova)

While I’m on conspiracy theories, which may or may not exist, you can’t ignore the fact that energy policy is HIGHLY influenced by politicians who are HIGHLY influenced by special interest groups, many of which happen to be connected to Big Oil. Corporate greed trickles downhill. It makes me wonder why we haven’t made greater [...]

Oil Futures Manipulation

Last week oil futures jumped over $100 a barrel twice; one seemingly legitimately, the other by manipulation. If it’s that easy to manipulate oil future prices, what regulations are in place to deter this? It makes for interesting thought. What would it take for oil companies to enlist help from oil trading brokers to drive [...]

Bush Signs Energy Bill

President Bush signed Energy Bill H. R. 6 today, one day after the House voted for the bill 314-100. Associated Press writer, H. JOSEF HEBERT, reported: "The legislation increases the federal standard automakers must meet to an industry wide 35 mpg for passengers cars, SUVs and small trucks. The standard for cars today is 27.5 [...]

Take Action Against the Enron Loophole

Have you heard of the Enron Loophole (see end of post)?  Up to now I hadn’t. I’ve been introduced to it by a good friend of mine, Harry Van Twistern, and the next morning I heard an ad on the radio.  It seems that oil futures have fallen under manipulation using the guise of deregulation. [...]