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April 2008 Archives

The Twin Myths of Price Gouging and Bigfoot

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In a cleverly written Op-Ed in the April 25th Richmond Times-Dispatch, A. Barton Hinkle compares oil price-gouging investigations to looking for Bigfoot. His point: Despite all of the attempts to find evidence of price gouging and Bigfoot, neither has been confirmed to...

Don't Repeat the Mistakes of the Past

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Investors' Business Daily once again addressed the failure of our national energy policy today. It's not the first time the paper has addressed this issue, but this particular editorial asks whether we're going "back to the 70s." Remember the 70s?  Bad hair? Platform...

Just Drill It

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Have you heard of the Bakken Formation?  How about the Marcellus Shale?  If not, then you haven't heard about two of the most promising oil and natural resources in the United States today. The Bakken Formation is a huge swath...

Energy Independence: Myth or Reality?

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The term "energy independence" is often used by politicians to describe their view of the ideal U.S. energy policy. It envisions a nation that can provide all of its energy internally without importing a single drop of oil from any foreign...

What's Wrong with Profits?

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Occasionally, as I'm perusing newspapers from around the country, I come across an article that gets my attention because it is so clear and plain-spoken. Such was the case today when I read an Op-Ed by radio broadcaster Dan Fagan in the...

The Truth about Oil Company Earnings

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Once again, representatives from major oil companies have been asked to appear before a Congressional committee to explain the price of oil and gasoline. And, as in the past, one of the main topics of conversation is likelyt to be...