Tag archive for ‘Gas Prices’
Why does America so love Barrack Obama?
When Sen. Barrack Obama announced his candidacy to rockstar crowds, I shook my head and said, “oh boy - this guy may be the real deal. He may be lightening in a bottle.” My colleagues, some of them democrats, got me to change my initial impression of Obama, telling me how Hillary would ultimately beat [...]
Obama’s tax plan is a sham…
Barack Obama told voters yesterday he would push an aggressive economic agenda as president: cutting taxes for the middle class, raising taxes on the wealthy, pouring money into “green energy” and requiring employers to set up retirement saving plans for their workers.
Speaking to about 200 people in Wayne, a Philadelphia suburb, Obama made no new [...]
Saudi Arabia rejects Bush’s request for increased oil output
Riyad, Saudi Arabia (Washingtonpost.com): Saudi Arabia Friday rejected the idea of increasing oil production to help ease soaring gasoline prices, telling President Bush that the kingdom already is meeting its customers’ demand for crude.
The apparent rebuff came as Bush appealed to Saudi King Abdullah to use his country’s vast oil reserves — the world’s [...]
Oil and Gas Surge with little end in sight
New York, NY (Reuters): The average price of a gallon of gasoline hit a new record this week and could surge even more as demand for the fuel rises this summer, according to an industry analyst. U.S. average retail gas prices rose to $3.6245 a gallon on May 2, up about 15.08 cents per gallon [...]
Eliminating the Gas Tax will not lower gas prices
Washington, D.C. (rightcommentary.com): I am an economist by training, and a policy analyst by choice, so thus it is obvious that I’m ill-qualified to appraise the gas tax debate. As an economist, I understand in great detail how to calculate equilibrium conditions - most importantly what factors determine prices. As a policy analyst, I’m used [...]
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