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The president and the pump | The Economist

REPUBLICAN politicians do not yet blame Barack Obama personally for the recent changes in America’s weather. That would stick in the craw, given that, in spite of overwhelming scientific evidence, most of them still question and many deny that man plays a role in global warming. They do, however, blame Mr Obama for the rise in the price of oil. This is odd too, especially for a party …

MORE via Lexington: The president and the pump | The Economist.

Filed under: Blogosphere, Economic Recession, Oil and Gas, ,

Public Spreads Blame for Rising Gas Prices | Pew Research Center for the People and the Press

The public spreads the blame for the recent rise in gasoline prices. While 18% say President Obama or his administration are most to blame, about as many (14%) volunteer the oil companies or domestic oil producers.

Roughly one-in-ten (11%) mostly blame Iran, the upheaval in the Middle East or the threat of war in the region, according to the latest national survey by the Pew Research Center for the People & the Press and The Washington Post, conducted Feb. 23-26 among 1,005 adults.

MORE via Public Spreads Blame for Rising Gas Prices | Pew Research Center for the People and the Press.

Filed under: Blogosphere, consumers, News, Oil and Gas, Public Policy, WeSeeReason, ,

Exxon Profits Soar: Why Big Oil Is Booming | Jeff Goodell | Rolling Stone

So the Big Oil juggernaut rolls on.  Yesterday Exxon Mobil announced profits of $10 billion, up 41 percent from a year ago.  And this is despite a fall in oil production and a decline in …

MORE via Exxon Profits Soar: Why Big Oil Is Booming | Jeff Goodell | Rolling Stone.

Filed under: Blogosphere, consumers, Economic Recession, Election 2012, Middle East Freedom, News, Oil and Gas, Political Economy, profit motive and carcinogens, propaganda and spin, Public Policy, regulations, Social Media, symbolic uses of politics, WeSeeReason, , ,

The oil business: Big Oil’s bigger brothers | The Economist

BUSINESS could scarcely be better for the supermajors, as the world’s biggest listed international oil companies are known. A barrel of Brent crude has changed hands for $100 or more for most of the year and cash is gushing in. On October 25th BP announced quarterly profits of $5.1 billion. Two days later Shell reported profits of $7 billion and Exxon Mobil of $10.3 billion. But the tide of the oil business is …

MORE via The oil business: Big Oil’s bigger brothers | The Economist.

Filed under: Blogosphere, consumers, Economic Recession, Election 2012, Environmental Policy, Mass Media and Public Opinion, Middle East Freedom, News, Oil and Gas, profit motive and carcinogens, WeSeeReason, , , ,

Video – Libyan Officials: Moammer Gadhafi Dead – WSJ.com

Col. Moammar Gadhafi died from wounds sustained during a final push to seize control of his hometown of Sirte, according to Libyan military and political leaders. How will this impact oil markets? WSJ’s Jeff Grocott reports.

via Video – Libyan Officials: Moammer Gadhafi Dead – WSJ.com.

Filed under: Blogosphere, Mass Media and Public Opinion, News, Oil and Gas, Political Economy, Social Media, waging war, WeSeeReason, , ,

Saudis See No Reason to Raise Oil Output Capacity – WSJ.com

A senior oil executive said Saudi Arabia is unlikely to proceed with plans to raise its oil output capacity to 15 million barrels a day, as expansion plans in other producing countries such as Iraq and Brazil should be enough to satisfy world markets.

“There is no reason for Saudi Aramco to pursue 15 million barrels [of output capacity],” Saudi Arabian Oil Co. chief executive …

MORE via Saudis See No Reason to Raise Oil Output Capacity – WSJ.com.

Filed under: Blogosphere, News, Oil and Gas, WeSeeReason, , ,

Carmakers Back Strict New Rules for Gas Mileage – NYTimes.com

Four years ago, the American auto industry was so opposed to higher fuel economy standards that executives of Detroit camped out in Washington in an unsuccessful bid to …

MORE via Carmakers Back Strict New Rules for Gas Mileage – NYTimes.com.

Filed under: News, , , , , ,

Used-Car Values Soar, Especially for Fuel-Efficient Ones – NYTimes.com

Cars are not supposed to be a good investment. But Spencer Hunter, an Oregon patent lawyer, recently turned a small profit selling his 13-month-old Toyota Prius.

MORE via Used-Car Values Soar, Especially for Fuel-Efficient Ones – NYTimes.com.

Filed under: News, , , , , ,

Gasoline prices erode spending, incomes | Reuters

The economy remained sluggish early in the second quarter as high gasoline prices crimped consumer spending and bad weather helped push pending home sales to a seven-month low in April.

MORE via Gasoline prices erode spending, incomes | Reuters.

Filed under: News, , , , , ,

American Compacts Gain Ground as High Gas Prices Change Tastes – NYTimes.com

After years of being outgunned by Japanese rivals, the American auto industry has made small cars a central part of its strategy, seeking to capitalize on a…

MORE via American Compacts Gain Ground as High Gas Prices Change Tastes – NYTimes.com.

Filed under: News, , , , , ,

Wikileaks: Speculators Helped Cause Oil Bubble | Rolling Stone Politics | Taibblog | Matt Taibbi on Politics and the Economy

When oil prices surged to a ridiculous $147 a barrel in the summer of 2008, conventional wisdom held that normal supply and demand issues were …

MORE via Wikileaks: Speculators Helped Cause Oil Bubble | Rolling Stone Politics | Taibblog | Matt Taibbi on Politics and the Economy.

Filed under: News, , , , , , , , ,

Prius V Delivers 42 MPG with SUV-like Space | Reuters

A week-and-a-half ago, we posted some of the web’s first images of the Prius V, Toyota’s new larger version of the quintessential hybrid vehicle. Last week, we spent a few hours behind the wheel and can summarize the experience with two simple words:

MORE via Prius V Delivers 42 MPG with SUV-like Space | Reuters.

Filed under: News, , , , , , , , , ,

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