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POPSOil: An Industry in Crisis? Not sure if that's the case--crisis might apply to the financial services industry right now--but it's certainly an interesting article.
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POPSCrude Political Ads Who likes crude? It appears that both presidential candidates have received quite a bit of funding from the oil industry, though McCain far more than Obama, according to the Center for Responsive Politics
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POPSObama: Getting Closer to an Energy Policy Obama suggests tapping the Strategic Petroleum Reserve. So far, he hasn't outlined a comprehensive energy policy. Expect him to pay closer attention to this issue as a response to McCain's ad campaigns
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POPSPolitical Oil Purely a political move by the administration feels you pain on high gas prices. Oil and natural gas on the OCS is still as off limits as it was before the president made the announcement.
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POPSIs Third Time a Charm for Wind and Solar? Here we go again. The House passes tax credits for renewable energy, tied to raising taxes on Big Oil. As before, this probably will not fly in the Senate. With all the talk about making tax cuts permanent in Washington these days--and a genuine business interest inn being green--it would seem that there should be more momentum behind extending this tax credits. Tying them to oil taxes doesn't work.
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POPSA Good Sign That the U.S. Economy Is In Trouble Bush lobbying for OPEC to boost oil production comes just shy of the president suggesting that he has some influence over oil prices--something this president has adamantly stated he does not have. For good or for bad, Bush rarely walks hat in hand to anyone. When the president suggests that OPEC increasing production would help U.S. families, it's a good indicator of how he really feels about the state of the economy.
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POPSLess Than an Energy Bill It's called an energy bill, but this is not what many lawmakers hoped for. True, it raises fuel economy standards significantly and it boost biofuel production, but it includes basically no incentives for renewables such as wind and solar power. Big Oil got away on this one without a tax increase that would have paid for renewables, but the writing's on the wall for the oil industry--the fuel economy and biofuel hike are aimed at reducing the country's oil appetite. For 2009, the energy debate in Congress shifts to climate change. -- Brian Wingfield
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