Coloradans blame market speculation and oil companies for high gas prices, and the vast majority say the best way to bring prices down is to crackdown on market manipulation, according to a poll released Tuesday.
Even as a non-partisan report was released showing that cutting tax breaks for oil companies would probably not result in higher pump prices for American drivers, the United States Senate voted Tuesday to continue letting oil companies avoid taxes.
Colorado’s two senators, Michael Bennet and Mark Udall, voted with More…
Opponents of ending tax breaks for big oil companies argue that closing tax loopholes will result in higher prices at the pump, but a report from the non-partisan Congressional Research Service finds that ending the tax breaks is unlikely to cause a rise in prices.
U.S. Rep. Leonard Boswell thinks the full House Agriculture Committee should hold hearings and launch an investigation into the relationship between rising oil prices and Wall Street speculators.
“As ranking member of the Agriculture Subcommittee that oversees the U.S. Commodity Futures Trading Commission, I have a responsibility to ensure More…
Observers of the century-long quest to extract oil from the shale rocks of Colorado’s Western Slope are fond of saying “oil shale is the fuel of the future … and always will be.” Never commercially viable because of the costs and resources needed to heat and extract the kerogen trapped More…
The Natural Resources Defense Council released a report yesterday ranking the states that are most vulnerable to gasoline price spikes. The report is meant to determine which states are making the greatest effort to lessen their dependence on foreign oil.
In 2009, drivers spent less on gas than in More…
The prices for consumer goods fell for a second straight month, the Bureau of Labor Statistics reported today — meaning the second straight month of slight deflation. The Consumer Price Index tracked down 0.2 percent from April to May, with the index increasing 2.0 percent in the past year. More…
Recalling last year’s success fighting the Democrats’ plans to stem offshore oil drilling, House Republicans are eyeing the likely hike in summertime gas costs as an ally in their battle against looming climate change legislation, which the Democrats want to take up in July. From The Hill:
The
This is a couple of days old, but worth a mention: With gas prices dropping ever further in recent months, the country’s fetish for big, gas-guzzling vehicles has returned. According to numbers released last week by Edmunds.com, an automotive analysis Website, trucks and SUVs will outsell cars in More…
It’s not just the government that’s considering bailing out the auto industry. Several utilities executives are considering ordering thousands of plug-in electric cars.
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