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Keystone XL Gas Price Myth Busted
Lorne Stockman
May22
Download the report. NRDC, Oil Change International and ForestEthics Advocacy released a report today that blows apart the tar sands industry’s claims that building the Keystone XL pipeline would lower gasoline prices in America. The report lays out how Keystone XL would reduce gasoline supplies in America by diverting Canadian tar sands crude from the Midwest to the…
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Senate Fails to Cut Favors to Big Oil, Once Again
Karen Showalter
Mar29
Earlier today President Obama challenged Congress to either stand with Big Oil, or stand with the American people. A vote on legislation introduced by Senator Robert Menendez (D-NJ) that would have eliminated over $2.4 billion in annual tax deductions to the top 5 oil companies was subsequently defeated a few hours later. Once again Congress…
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Gas Price Reality Check
Lorne Stockman
Mar21
Two items out today have reinforced what we have known all along about gas prices and domestic drilling. The first provides strong statistical evidence that there is no correlation between domestic drilling in the United States and gas prices. The second shows that gasoline prices in Canada, a net exporter of crude oil, follow the same volatile…
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Rising gas prices, Keystone XL and the real solutions
Lorne Stockman
Feb24
with Steve Kretzmann Much is being written and said about rising gas prices, Obama’s energy policies in general and the Keystone XL pipeline in particular. While the President’s opponents repeat ad infinitum the “Drill Baby Drill” mantra, it has been interesting to note that much of the mainstream press has been skeptical. And so they…
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Regulator Acts Against Oil Speculators
Andy Rowell
May25
One of the political mantras of those old boys at the American Petroleum is that if the gas price is too high it means we have to drill for more oil. Plain and simple. Its good old fashioned economics: supply and demand. If the price is too high, we must be faced with a physical…
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Subsidy Battle Hots Up
Andy Rowell
May09
The showdown on gas prices and subsidy removal will intensify this week in Washington, when senior oil and gas executives are hauled before Congress to explain record profits at a time when consumers are hurting at the pumps. Legislation is being worked on by Max Baucus, the Montana Democrat and chairman of the Senate finance…
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As Gas Prices Remain High, US Becomes Net Exporter of Fuel
Andy Rowell
May03
Until Sunday night one of the main talks of the town in Washington was gas prices. Now the talk of the town is Bin Laden’s death. Oh and gas prices. Because the issue of high gas prices is not going away any time soon. A 36 per cent rise in the last year put pays…
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