Unfriendly Domestic Policies and Barriers to Production Increase Gas Price

By now, most Americans will have noticed that their price at the pump has been steadily climbing over the last few months, having recently hit $4.32 nationally. They will also likely have heard how supply chain disruptions, U.S. sanctions on Russia, and more recently a ban on Russian oil imports (10% of U.S. imports and […]

Real Clear Energy: Is Biden Driving up Energy Prices?

Draining family budgets through sky-high gas prices until they are bullied into buying a congressionally approved car is cruel. And what of those low-income families who can’t afford a ride into the Green New future? The cold indifference of Joe Biden’s “clean energy revolution” makes him resemble the Robespierre of renewables. The president needs to tackle the […]

Cooler Heads Abandon a Gas Tax Increase

For the past 6 years, consumers endured economic bad news ranging from disappointing to terrible.  Their chance of finding a good new job is so dismal that millions stopped looking.  The middle-class saw their wages and salaries stall or declined.  Their financial net worth declined a shocking 19%.  For many, the value of their home […]

Energy as an Economic Stimulus

Energy production is booming in some western states, like North Dakota, where its unemployment rate has fallen below 2%, and fracking has made the potential for gas extraction a promising proposition.  Yet, many major projects, like the Keystone pipeline and development in parts of the Marcellus Shale Field remain in limbo as lawyers, activists and […]

Oil Despots versus a Blind EPA

America’s new found effectiveness in extracting oil and gas from underground deposits has boosted U.S. oil production from 5,077 thousand barrels per day in 2007 to 6,498 thousand barrels per day in 2012.  Further increases are feasible if prices continue covering production costs.  For decades, U.S. oil and gas consumption exceeded production and needed imports […]

Killing Our Carbon-Related Economic Recovery

In an economy with elevated unemployment, chronic under-employment, feeble GDP growth, and federal deficits as far as consumers can see, there is little stimulus to thank except for the Federal Reserve’s quantitative easing and the turnaround in US oil and gas production, driven by fracking.  US crude production is up 2 million barrels per day […]

Fracking Part II: “Peak Oil” Was Overtaken by Events

On a recent road trip through Oklahoma, Texas, New Mexico, Colorado, Wyoming and Montana, most of the oil well jack pumps that we saw were motionless – even though a few pumps continued rocking. Since pumps run while it’s economic to operate, most wells could not yield enough crude to pay for electric to the […]

Fracking Done Right — Part I

The economic benefits from fracking (hydraulic fracturing of gas and oil-bearing shale) are widely understood. They include reduced oil imports, a lower deficit in our balance of payments, domestic jobs in energy extraction and in manufacturing that uses natural gas as a feedstock. However, the environmental dangers of fracking are poorly understood and are often […]