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Monthly Archives: June 2011
Strategic Petroleum Reserve to be Renamed “The Hope and Change Re-Election PAC”
You heard it here first. The International Energy Agency, a body whose membership parallels the G-20 and which is dominated by members of the EU, announced that it may consider releasing more oil from “its stockpile” (1.6 billion barrels, nearly … Continue reading
Posted in Energy, Politics
Tagged IEA, Obama Reelection PAC, SPR, Strategic Petroleum Reserve
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Why Did Obama Open the Strategic Petroleum Reserve?
On Thursday, the Department of Energy announced a release of thirty million barrels of crude oil from the Strategic Petroleum Reserve, the nation’s stockpile supposedly set aside for emergency supply disruptions. Washington, DC – U.S. Energy Secretary Steven Chu announced … Continue reading
Posted in Economy, Energy
Tagged Energy, IEA, International Energy Agency, Market Manipulation, Oil, SPR, Strategic Petroleum Reserve
3 Comments
ThinkProgress and Lee Fang vs the Evil Koch Brothers
While I claim no expertise, I do have a general understanding of how the oil market works, which is more than can be said for ThinkProgress “investigative journalist” Lee Fang. A series of articles (notably here and here) has convinced … Continue reading
Posted in Economy, Energy
Tagged Commodity Futures, Goldman Sachs, Koch Brothers, Lee Fang, Manipulation, NYMEX, Speculation, West Texas Intermediate
4 Comments
Republican Leadership Conference, Day 1
The speakers for Day 1 of the Republican Leadership Conference in New Orleans included luminaries such as Mike Huckabee, Michael Williams, and Ted Cruz, along with our own Erick Erickson. I’ll confine my remarks to the presidential candidates. Newt Gingrich … Continue reading
Of ATMs, Mousetraps and Watches
“If you build a better mousetrap, the world will beat a path to your door.” Judging from his comments regarding ATMs and unemployment, President Obama blames the better mousetrap for 400,000 out-of-work cats. Cats who are starving for the lack … Continue reading
Dispatches from the Gulf … of Mexico
ExxonMobil hits large Keathley Canyon discovery (Oil and Gas Journal, June 8, 2011). XOM announces the discovery of 700 million barrels equivalent (BOE) of oil and gas in 7,000 feet of water, 250 miles offshore Louisiana. Shell’s Cardamom to come … Continue reading
What’s Your Political IQ? Results and Discussion
Yes, it was an easy quiz. Elementary, even. Yes, several of the questions are hardly “political”. They had to include certain questions (“Mark Zuckerberg”?) so that certain segments of the population would register with a pulse. But the results of … Continue reading
What’s Your Political IQ?
There’s an online quiz at the Pew Research Center’s website: 11 questions to rate your political IQ. The quiz should take just a few minutes to complete. You can take the poll here: http://pewresearch.org/politicalquiz/ Record your score below. You’re welcome … Continue reading