Oil Back Up Slightly

Oil futures went slightly above $130/BBL early today apparently on Iran fears, and on US weather concerns in the Gulf of Mexico. 

These, however, seem temporary concerns. and certainly not the kind of speculation driving spikes we’ve seen in recent

I paid $3.99 to gas up this morning, a bargain at recent prices, but still highway robbery.   However rather than woking to lessen the pain at the pump, democrats want to increase the pain.   Congressional democrates are propossing a whopping

I have said it before and I say it again. Anthropogenic global warming is a hoax. The proof is that no person who seriously believed that the use of carbon based energy was causing catastrophic climate change would be a

We have a national energy problem and she is pictured to the left.   Mrs. Pelosi has gone from being pig-headed to dangerous, Investor’s Business Daily:

Any leader with an energy record as derelict as Speaker Pelosi’s ought to step

So, Bush steps up before the mikes yesterday and says we gotta drill… open up offshore fields… and chides congress about opening up ANWR, and what happens? Price drops $9/bbl almost at once. That’s the biggest drop in the price

From Newsroom America:

A federal judge in Detroit has blocked oil and gas exploration near a forest and a river in Michigan’s northern Lower Peninsula.

The U.S. Forest Service had given permission to Savoy Energy LP of Traverse City in

The Wall Street Journal:

IndyMac Bank, a prolific mortgage specialist that helped fuel the housing boom, was seized Friday by federal regulators, in the third-largest bank failure in U.S. history.

IndyMac is the biggest mortgage lender to go under since

Mitchum is often quoted as saying “”Half the people in America are faking it.”  Seems they’re not alone.  Yesterday, we were treated to a display of Soviet-like militariaas Iran showed the world an impressive display of it’s missle ability. Or,

Yesterday, David and I both blogged regarding Nancy Pelosi’s stonewalling on energy management.  The saga continues today. I’d like you to see something. Here’s a letter ostensibly written by Pelosi, to President Bush:(with my commentary interjected.)

July 8, 2008

The

Oil is now off for the third straight day, dropping a little over $5 yesterday.

Again, remember I said midsummer would be when the bubble breaks.

Americans are feed-up with paying over four dollars a gallon for gasoline.   Most members of Congress, republicans and a lot of democrats, agree and want to open-up domestic oil production.  Mrs. Pelosi does not.   Mrs. Pelosi would like to take

From the North Jersey Record:

Congress must not allow drilling for oil and gas off the New Jersey coast, Governor Corzine and federal legislators said today in Belmar.

 “Our world-renowned coastline is the lifeblood of our economy and a fragile

Senator John Warner, Rep – VA, is suggesting a national speed limit of fifty-five:

WASHINGTON (AP) — An influential Republican senator suggested Thursday that Congress might want to consider reimposing a national speed limit to save gasoline and possibly

The Guardian has a story up saying:

Biofuels have forced global food prices up by 75% – far more than previously estimated – according to a confidential World Bank report obtained by the Guardian.

The damning unpublished assessment is based

Lead, follow or get out of the way.  When it comes to energy prices, Congress refuses to do anythng productive.  We are paying too much for energy, because for the past thrty years politicians have devoted a lot energy to