Wednesday, April 18, 2012

More Pointless Gas Price Grandstanding on the Way

More Pointless Gas Price Grandstanding on the Way

Steven Kyle, FOX
It may sound humdrum, but the reason gasoline prices are high is because of supply and demand. This is exactly what you would expect an economist to say, but it also is true. . .
 
 

Will Scapegoating Speculators Lower Gas Prices?

Editors, Bloomberg
No one, least of all President Barack Obama, should expect oil or gasoline prices to fall because of the five-point plan he unveiled at the White House yesterday.
 

Obama's a Threat to Low Cost Gas

Gordon Tomb, Energy Tribune
If it is possible to kill the layer of the golden egg, that is low natural gas prices, you can count on the Obama administration to find a way.Natural gas prices are at record lows because of soaring production from areas such as the Marcellus Shale region of Pennsylvania. This is a boon for consumers and for energy-intensive industries whose lower costs offer hope to a struggling economy.
 

Dash for Gas Won't Save Climate or Lower Prices

David Thorpe, ECollect
DECC has published an independent evaluation of the seismic risks from hydraulic fracturing for shale gas, which argues that it is safe as long as certain basic precautions are put in place. The report, now out for comments from the general public, was commissioned following two earthquakes last year with magnitude 2.3 and 1.5 in the Blackpool area, which subsequent investigations linked to hydraulic fracture treatments in nearby underground layers of Bowland shale by Cuadrilla Resources Ltd. as part of their commercial project to extract natural gas from the shale.
 
 

Obama Goes Mano-a-Mano w/ Speculators

Merrill Goozner, Fiscal Times
President Obama on Tuesday announced a far-ranging plan to crack down on oil speculation, which he blames in part for the recent run-up in oil prices. The high prices are lightening consumer wallets during the summer driving season, posing a threat to the economic recovery. . .
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