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July 2009 Archives

Oil Company Earnings Aren't Surprising

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The headline on the USA Today Web site reads, "ExxonMobil 2Q profit falls a surprising 66%." But in actuality, oil company second quarter earnings reports shouldn't be a surprise to anyone. The oil and natural gas business is cyclical,...

Debunking the Numbers

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Individuals who oppose U.S. oil and natural gas development often cite the following sentence: "The United States represents 5 percent of the world's population but uses 25 percent of the world's energy." Ouch. That sentence makes all of us appear to...

Looking Back Thirty Years

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Thirty years ago this week, President Jimmy Carter asked Americans to come together to solve the energy crisis. At the time, global oil supplies had been reduced by political unrest in Iran, gasoline prices were up, and millions of...