0
POPSNet-Zero Gas Tax Well-reasoned argument for raising gas tax by $1 while gas is cheap and reducing FICA taxes by $14 a week. Revenue neutral to Fed gov, saves the planet and we starve enemy oil producers of revenue.
0
POPSOil Games at the DNC With public opinion running in favor of more domestic drilling, oil company executives know they have Democrats over a barrel, so to speak. The industry is keeping a low profile at the DNC in Denver, but local reports say plenty of discussion are going on backstage.
2
POPSOil: An Industry in Crisis? Not sure if that's the case--crisis might apply to the financial services industry right now--but it's certainly an interesting article.
0
POPSAirlines Ask Customers to Help Lower Oil Prices There's ongoing debate over whether or not speculators are responsible for the price of oil, but the CEOs of several major airlines are not so uncertain. In a letter to their frequent fliers, they've asked customers to petition Congress to lower the price of oil by regulating speculation. Do you think this tactic will work? Is it a publicity stunt designed to make the airlines look sympathetic to nickel-and-dimed fliers? What do you think?
4
POPSSoros: Oil Bubbling If high oil prices are just a bubble that is about to pop, some relief might actually be on the way.
1
POPSThe Oracle of $200 Oil Goldman Sachs made headlines with his prediction of oil as high as $200 a barrel. What does this mean? $6 a gallon at the pump. Is this rapidly becoming a self-fulfilling prophecy? The somewhat breathless coverage here reminds me of an old parable from the 90s. An analyst named Henry Blodget predicted in 1998 that Amazon.com stock would hit $400 (when it was currently trading at $250ish). In a frenzy, Amazon hit it within a month. Of course, it went on to collapse spectacularly in 2000. A decade later, Amazon's never returned to trading at that level...
0
POPSIs Third Time a Charm for Wind and Solar? Here we go again. The House passes tax credits for renewable energy, tied to raising taxes on Big Oil. As before, this probably will not fly in the Senate. With all the talk about making tax cuts permanent in Washington these days--and a genuine business interest inn being green--it would seem that there should be more momentum behind extending this tax credits. Tying them to oil taxes doesn't work.
0
POPSPickens Shorting Oil Billionaire T. Boone Pickens is expecting the value of a barrel of oil to fall by $10 or $15. Such a decline would batter energy stocks which have been enjoying a rally since late January.
0
POPSIEA Gives Stark Oil & Gas Outlook The IEA's latest medium-term forecasts suggests the tight balance between the growth in supply and demand for energy will remain tight as the global economy expands, and thus that oil prices will stay in their current range for some time to come.
0
POPSIraqi Cabinet Backs Draft Oil Law A sanguine assessment by the BBC of the prospects for a law the US has been pushing hard for as a way to create some unity between tIraq's Sunnis, Shias and Kurds. Outstanding issues include oil reevenue sharing and the creation of a national oil company.