Hijacked At The Pump If big oil can't make it on crude oil, they make it on refining. The last time oil hit a low of $34 a barrel we paid $1.59 a gallon for regular. Now we're hijacked at the pump at $1.93. Part of the stimulus package should be an excess profit tax on big oil to finance infrastructure. ...more

February 17, 2009

OPEC on Wednesday agreed to slash 2.2 million barrels from its daily production - its single largest cut ever - while bloc outsiders Russia and Azerbaijan announced their own cutbacks of hundreds of thousands of barrels from the market. ...more

December 18, 2008

Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide. ...more

July 4, 2008

As oil set a new record, top industry executives and a senior EU official Monday urged the world to pull together in the face of skyrocketing energy prices, while acknowledging that - even if it does - costly crude is here to stay for years. ...more

July 1, 2008

Lesson From The Past We hear a lot of talk about alternative energy; let me tell you a sad story. ...more

May 31, 2008

Everywhere I go these days, talking about the global energy predicament on the college lecture circuit or at environmental conferences, I hear an increasingly shrill cry for "solutions." This is just another symptom of the delusional thinking that now grips the nation, especially among the educated and well-intentioned. ...more

May 28, 2008

New Year's Eve has been and gone, but for oilmen, the party continues. On Jan. 2, helped across the line by a New York trader eager for bragging rights, the first business day of the year, the price of their product topped $100 a barrel for the first time. Oil is now almost five times more expensive than it was at the beginning of 2002. ...more

January 11, 2008