Category Archives: Energy

ThinkProgress and Lee Fang vs the Evil Koch Brothers

Posted on June 19, 2011 by Steve Maley

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 →

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Dispatches from the Gulf … of Mexico

Posted on June 10, 2011 by Steve Maley

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 →

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Oil Company Profits Are the Solution, Not the Problem

Posted on May 18, 2011 by Steve Maley

Left to its own devices, the oil industry is its own worst enemy. Relatively low barriers to entry have made the industry freely competitive. The reward goes to the quickest and the most efficient companies; just like in a Gold … Continue reading →

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New Endangered Species: Energy State Dems

Posted on May 12, 2011 by Steve Maley

Democratic politicians once ruled the energy-producing states, but they are becoming quite a rare breed. Republicans scored strong electoral gains in the Congressional elections of 2010, particularly in Texas. Here in Louisiana, both houses of the state legislature have swung … Continue reading →

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The Big Energy Lie, Revisited

Posted on May 10, 2011 by Steve Maley

Your President has been telling you things that simply aren’t true. Things like “We can’t drill our way out of our energy problems.” Or “Oil and gas are the fuels of the past.” Or “The U.S. consumes 25% of the … Continue reading →

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How Much Will It Cost to Repeal the ‘Oil Subsidies’?

Posted on May 10, 2011 by Steve Maley

This week, the Senate is set to consider the repeal of certain provisions of the tax code as they relate to the oil and gas industry. By styling these tax breaks as “subsidies”, the Administration and other opponents of the … Continue reading →

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Wasserman Schultz: ‘We’ve really concentrated’ on oil production

Posted on May 7, 2011 by Steve Maley

There was an undeniable uptick in U.S. oil production in 2009 and 2010. But new DNC chair Rep. Debbie Wasserman Schultz (D-FL) tried to take credit for it: Like I said, domestic oil production is at its highest point in … Continue reading →

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‘Why does my gas cost $4.00 per gallon?’

Posted on May 3, 2011 by Steve Maley

Everybody is asking that question these days. The average nationwide price for all grades this week is $3.96/gallon; Californians are paying on average $4.26, the highest in the nation. Why does it cost so much, especially considering that the price … Continue reading →

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Blast from the Past: ‘Remember $4.00 Gas? Just Wait.’ (Dec ’09)

Posted on April 29, 2011 by Steve Maley

From Vladimir’s diary, dated December 18, 2009: Remember $4.00 per Gallon Gasoline? Just Wait. Well, here we are, less than 18 months later. A little context: Gasoline prices (national average, all grades) peaked over $4.00 per gallon for a couple … Continue reading →

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EPA Ruling Kills Shell’s Plans to Drill Offshore Alaska

Posted on April 26, 2011 by Steve Maley

A ruling by the Environmental Appeals Board of the EPA has scuttled Shell Oil Company’s plan to drill its initial exploratory test in Alaska’s Chukchi Sea. This is at least the second time drilling has been deferred or delayed due … Continue reading →

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