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Terrifying Charts For Saudi Arabia – Business Insider

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Robert Reich: Why BP Isn’t a Criminal

Robert Reich: Why BP Isn’t a Criminal robertreich: I’m appalled by the carelessness and indifference of the BP executives responsible for the disaster in the Gulf of Mexico that killed eleven people on April 20, 2010, and unleashed the worst oil spill in American history. But it defies logic to make BP itself the criminal. […]

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economics Uncategorized

36 Years Of Data, Not A Shred Of Evidence That Drilling Reduces Gas Prices

36 Years Of Data, Not A Shred Of Evidence That Drilling Reduces Gas Prices In a nutshell, US oil supply to small to effect prices on world market.

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economics Uncategorized

A good rule of thumb is that if politicians are talking about the price of gas, they’re talking nonsense. This week is no exception. Higher gas prices: The Republican plan to blame high gas prices on President Obama. – Slate Magazine

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O’Reilly and Dobbs to Obama: Be More Socialist!

O’Reilly and Dobbs to Obama: Be More Socialist! O’Reilly and Dobbs were saying that Obama should be taking more coercive action than he’s taking. Against whom? Oil companies. Both O’Reilly and Dobbs emphasized that U.S. oil companies don’t own the oil they think they own. Who owns it? We do, according to O’Reilly and Dobbs. […]

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Senate GOP filibusters oil company subsidy repeal bill.

Senate Republicans successfully filibuster oil company subsidy repeal bill. From Senate GOP filibusters oil company subsidy repeal bill. When government helps you it’s godless socialism. When government helps me, it’s just common sense.

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economics Uncategorized

US Trade Deficit is Half Oil

A government official emphasized to me today what should be clear to anyone who follows Calculated Risk’s charts, namely that a huge element of our trade deficit has nothing to do with China or manufacturing but is instead driven by oil: Now it’s not unusual that the US is a net oil importer. Most countries […]