Glenn linked to a post at the American interest about the price war in oil & the problem for non-Saudi members of the cartel: The Saudis have the funds to make up for the budget shortfalls cheap oil is foisting upon them, but the rest of OPEC isn’t anywhere near as well prepared. Nigeria, Iran, … Continue reading The Key line from this American Interest Post
My latest piece for Watchdog.org: Is President Obama ‘pulling a Homer’ on energy, or is he smarter than that? is now up: “To pull a Homer”: to succeed despite idiocy. In “Homer Defined,” a 1991 episode of The Simpsons, the Springfield nuclear power is going into meltdown. Homer Simpson (the inept lead character of the series) manages to … Continue reading Barack Obama vs Homer Simpson: Advantage Homer
Right now Oil prices are dropping faster than we've seen them drop in years. Oil prices sank again on Monday, giving consumers more of a break and causing a split among OPEC leaders about what action should be taken, if any, to halt the slide. The price drop has led to a near free fall … Continue reading Has Saudi Arabia finally been Checkmated?
By John Ruberry For over five years President Obama has been dithering in regards to building the Keystone XL pipeline, which if constructed, will bring petroleum from the oil sands in western Canada to America's heartland. Over in Iraq, Obama is utilizing token measures in an attempt to slow the terror group ISIS and to … Continue reading With Iraq on fire, Obama must finally approve Keystone XL