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At a meeting of the Joint Economic Committee, Senator Chuck Schumer (D-NY), chairman of the Committee, frothed at the mouth with the sort of rhetoric which should make all American entrepreneurs shudder. Quoting from a MarketWatch story on the hearing… more »

see "The Iranian petroleum crisis and United States national security" Roger Stern, Johns Hopkins University Published in the Proceedings of the National Academy of Sciences, December 2006 http://www.pnas.org/cgi/reprint/0603903104v1.pdf In his hig… more »

About 18 months ago, I wrote an article responding to a book by James Howard Kunstler claiming that world oil supplies and reserves have peaked, and that the world has a measurable probability of simply running out of energy. I noted that Kunstler was… more »

On Monday, OPEC made a slight but nevertheless important downward revision in their estimate for fourth quarter oil consumption, from 28.86 million barrels per day to 28.69 million bpd. While the stock market has rallied strongly in recent weeks, in s… more »

see "Major Alaskan oil field shutting down" (AP via Yahoo, 8/6/06) http://news.yahoo.com/s/ap/20060807/ap_on_bi_ge/oil_field_shutdown On Sunday, BP announced that they are temporarily shutting down operations at an Alaskan oil field which produced ha… more »

The always-great Walter Williams on price gouging.... Here's what one reader wrote: "Williams, I can understand how the destruction of Hurricane Katrina and Middle East political uncertainty can jack up gasoline prices. But it's price-gouging for the… more »

Here is a guest posting from Gordon J. Johnson. I must say that I disagree with a fair bit of his view, but he's a serious guy and I though it would be educational to present his views (on the off-chance that I'm wrong). Mr. Johnson is a retired Air… more »

Reason has a slew of good articles about the recent furor over oil prices: Peak Oil Panic In his comprehensive Reason magazine cover story, Ronald Bailey examines the factors contributing to higher gas prices and finds, "In the mid-1990s, t… more »

Backdoor Oil Tax Is Unconstitutional Mallory Factor and Phil Kerpen of the Free Enterprise Fund (Forbes.com, 3/9/06) http://www.forbes.com/business/2006/03/08/windfall-profits-oil-tax-cx_mf_0309oiltax.html Washington, D.C. - In this city, some… more »

re: "Oil peak? Uh-oh" and "Days of Doom" (Boulder Daily Camera, 5/8/05) Bad news sells. It’s obvious from watching television news or reading newspapers, including the Daily Camera giving two separate articles to one pessimistic book, James Howard Kun… more »