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Energy

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This is why we filled up the tank this morning

By Phil Barron ⋅ January 3, 2008 ⋅ One comment

The local gas stations will probably be selling regular for five dollars a gallon after today:
Oil prices, after taking an initial dip on a weekly government report on inventory levels, crossed the $100 threshold Thursday and continued a six-year, five-fold spike driven by surging demand and limited supply.
U.S. light crude for February delivery crossed $100 [...]

Quick! Let’s be seen to be doing something!

By Phil Barron ⋅ May 3, 2006 ⋅ Post a comment

There’s nothing like voting on hard-to-enforce punishments for ill-defined offenses to show you’re serious about something or other. (CNN link defunct.)
Worried about the political heat from high gasoline prices, the House is preparing to vote as early as Wednesday on a bill that would impose criminal and civil penalties on any energy company caught price [...]

Gas rebate idea dying a slow and deserved death

By Phil Barron ⋅ May 2, 2006 ⋅ Post a comment

Frist backs off…not on that proposed $100 gas rebate check, but on having oil companies pay for it.
Senate Majority Leader Bill Frist, under pressure from business leaders, retreated Monday from a plan that would have used a tax increase on oil companies and other businesses to pay for a $100 gasoline rebate for millions of [...]

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