Thursday, the Energy and Commerce Subcommittee will debate lifting the export ban on crude oil. The Agriculture Committee held a hearing Wednesday on the issue. Cramer told Breitbart News that many independent studies show that lifting the crude oil export ban would more likely bring the price of fuel down.
ESPN radio host Colin Cowherd defended President Barack Obama on his show “The Herd” Tuesday, saying that the voters in the United States usually elect capable people as president. According to Cowherd, Obama is capable as a president because the stock market is
San Francisco’s billionaire environmental activist and Democrat mega-donor Tom Steyer joined a group of consumer advocates supporting a California Senate investigation to determine if an “oligopoly” is the reason the price of California regular gasoline at $3.19 a gallon is $.78 higher than the national average, the Sacramento Bee reports.
Majorities of the 1,706 adults surveyed favor President Obama, like Obamacare, support amnesty, favor high taxes, and say government should redistribute wealth. Yet a 54% of Californians–and 44% of Democrats–say that the Keystone XL pipeline should be built, contrary to Obama’s veto.
After initially driving down the price of oil by increasing its production, which gave Americans a welcome drop in prices at the pump, could Saudi Arabia now be pushing them back up?
Friday at Ivy Tech Community College, after pointing to falling gas prices as a positive economic development, when an audience member thanked him, President Barack Obama flashed a huge grin and said, “You’re welcome!” then warned they will go back
Iranian President Hassan Rouhani said on Tuesday that nations responsible for the downward spiral of oil prices will suffer.
The incoming chairman of the Senate Commerce, Science and Transportation Committee, Sen. John Thune (R-SD) put all options on the table when it comes to replenishing the shrinking Highway Trust Fund, which is widely seen as opening the door to a tax increase.
The recent plunge in gas prices has been welcome relief for many, but today’s price at the pump still isn’t what it used to be in nominal and inflation-adjusted real terms, reports the Wall Street Journal.
Beginning January 1, California’s gasoline producers will be subject to new regulations under the state’s cap-and-trade system. As a result, gas prices for the state’s motorists will likely increase due to what opponents of the regulations are calling a “hidden gas tax,” although the ultimate amount of the increase is still anyone’s guess.
