Tag: Oil
Subsidies: Big Oil and Others
If I give you $1 every year, would you give me $59 in return every year? Chances are, you wouldn’t. However, if I were an oil company and you were a member of Congress that’s exactly what happens, except you aren’t giving out your money.
Oilpocalypse: Who Should Pay?
I started a small Twitter war last night when I suggested that perhaps we should tax gasoline to pay for the cleanup of the oil volcano in the Gulf. BP is statutorily limited to $75M in damages for a spill. I suspect that they will end up paying more than that voluntarily, but they will, […]
What Does the Oil Spill in the Gulf Look Like?
[youtube]http://www.youtube.com/watch?v=EJ91G3e0OBQ[/youtube] Or this footage of an ROV capping a part of the riser: [youtube]http://www.youtube.com/watch?v=CH4I1a5vg3w[/youtube] h/t HuffPo
Read All About It in the Sunday Papers-August 16
LEAD STORY-The Financial Times: How the Oil Industry Plans to Do to Climate Change What the Insurance Companies Are Doing to Health Care…AND Who Its Delaware Connection Is! I. E., kill it: The American Petroleum Institute, which represents the US oil industry, has written to member companies asking them to “move aggressively” to stage up to 22 […]
Will We Soon Return To $4/Gallon Gas?
Matt Yglesias has a question: What I can see is the present, where markets react to any sign of good economic news with a big jump in oil prices. And the news in question is of the “things aren’t getting bad quite as quickly as we feared” genre of good news. What if six months […]
Happy Chanukah from Delaware Liberal
Have a happy Chanukah, one and all! During Chanukah, we remember how the Jews (led by the Maccabees) won their independence from King Antiochus IV of the Selucid Empire (a Hellenistic successor to Alexander the Great’s empire, stretching from Turkey to Pakistan), who outlawed their religious practices, sacked Jerusalem, and defiled their temple. Before the […]
Drill Here, Drill What?
Yesterday, I wrote about the current state of play of the legislation up to allow for off shore drilling. Finally, someone provides the graphic that shows the magnitude of the latest bamboozlement over off shore drilling: Source: 9/11/08 Gristmill Using data from the US EIA. There isn’t much oil to get, according to this Government […]
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