Gas Price Drops for Second Straight Day

Fox News:

For the second day in a row, gas prices nation wide have ticked down. The decrease isn’t much, but it’s enough to give motorists hope that more could be on the horizon.

The average per-gallon price stands at

So, President Bush has now joined John McCain’s call to eliminate the federal ban on offshore oil drilling. He’s even asked Congress to do so. This strikes me as a smart move, both in the political world, and the

The Washngton Post, today:

Sen. John McCain called yesterday for an end to the federal ban on offshore oil drilling, offering an aggressive response to high gasoline prices and immediately drawing the ire of environmental groups that the presumptive Republican

Boortz today looks in some detail and the back and forth over Chiana drilling in the gulf… and goes doumentation heavy on us.  Go and read.

The bottom line: They’re not drilling there now, but could be, because all the

I’m to the point where I can draw no other conclusion than our government isn’t interested in solving the problem of high gasoline prices. The evidence for this goes back well prior to the current wave of price hikes, and

I’ve posted this before, but I think it bears revisiting… here’s how to raise fuel prices should you want to do it…

* Create shortages in the oil markets by ensuring domestic oil supplies can never be used. This will

Tiger Hawk answers a question I quoted VDH as asking earlier today, when he said:

And why are Republicans, who voted in overwhelming numbers for off-shore drilling, ANWR, nuclear, shale, tar sands, liquid coal, etc—and were opposed by Democrats on

I said yesterday morning:

Sen. Maria Cantwell (D-Wash.) suggested that oil companies may be manipulating energy markets as Enron did in 2001, and that the Federal Energy Regulatory Commission and the Federal Trade Commission needed to more aggressively regulate all

An interesting story yesterday, on the AP wires:

Researchers secretly tracked the locations of 100,000 people outside the United States through their cell phone use and concluded that most people rarely stray more than a few miles from home.

Man bites dog, sanity enjoys its day in the Senate.  Michelle is reporting that the Senate, in temporary bout of sanity, has killled the Lieberman-Warner tax increase bill.  

Good news: The Lieberman-Warner eco-boondoggle is set to go down in flames

You didn’t hear about this yesterday, I’m willing to bet. The Senate Commerce Committee met on Tuesday, trying to figure out what to do about the sharp increase in prices on oil. I mentioned the other day that George Soros

This is huge. The Souix City Journal is reporting:

By a solid 58 percent to 42 percent margin, county voters approved Hyperion’s request to rezone 3,292 acres of farm land for a new classification, Energy Center Planned Development.

“What happened

It is oil and it is not controled by the federal government.   Anthony Effinger has details of the Bakken oil formation:

June 3 (Bloomberg) — John Bartelson, who smokes Marlboro Lights through fingers blackened with tractor grease, may look

Oil prices fell by almost $2 a barrel this evening after the US Federal Reserve said a weak dollar had fuelled inflation in the US. This suggested the Fed is not likely to cut interest rates further this year.

US

I’ve been telling you that this oil bubble was about to break and we’d see some movement by midsummer. Well, guess what?

The Times Herald is repoting:

Last week, the price of crude oil futures actually went down, and there