Tag archives for oil prices

The fight over the Keystone XL pipeline, designed to bring Canadian tar sands to U.S. refineries, is being billed as a make-or-break moment for energy: Will America place its bets on fossil fuels, or we will turn instead to more reliance on renewable energy? It’s an important debate, but one crucial point that’s often missed…

A Return to $2 Gas?

It’s a new campaign pledge by Republican presidential hopeful Michelle Bachmann, but a close look at the history of U.S. gasoline prices indicates that turning the clock back to $2 gasoline would bring the nation back to some brief, and not- necessarily-prosperous eras. An interactive graphic developed by the U.S. Energy Information Administration shows that…

The price of crude oil is plummeting on world markets, but when do consumers get a break at the pump? The answer: It’s hard to say. Gas prices in the United States actually have risen steadily over the past several weeks, from an average of $3.63 per gallon (about 96 cents per liter) in late…

Clean energy could be among the hardest-hit sectors if the U.S. government does not raise the debt ceiling and then defaults on the national debt. If there is a default, it could hurt in direct ways, by stopping payments for cash grants and loan guarantees that support many renewables projects. It could also hit innovation,…

Comments Off on With Oil Prices High, Taking Aim at Industry Tax Breaks

Tax breaks for Big Oil are in the spotlight in Washington, D.C., with top executives of the major energy companies scheduled to make a rare appearance on Capitol Hill to defend the government incentives that their highly profitable industry enjoys. But the tax credits, deductions and royalty relief provisions that benefit the oil industry in…

Comments Off on What’s Driving Up Oil Prices? Or The Yadda Yadda Yadda Theory of Oil Speculation

So, oil prices are above $100 per barrel, the price at the gasoline pump is well past $3 per gallon, and people are looking for reasons. Your possible explanations are: Unrest in the Middle East Rising worldwide demand, driven by growth in China and India Speculation by oil traders You can find people pitching all…

It’s no surprise that oil and coal companies are having a banner year. Earthquakes in Japan and revolutions in Africa have oil riding a profitable wave of instability. The Wall Street Journal noted that rising gas prices are a boon to oil companies even as costs pinch consumers. Fortunately there are plenty of energy innovators…