Economy & Business

"One Thing the Fall of Tripoli Won’t Get Us Is Cheap Gas"

"It would be natural to imagine that the fall of Tripoli would mean a significant decrease in the cost of oil and the pain that the average consumer feels at the pump. After all, in February, when unrest in Libya commenced, oil prices hit a two-year high. Libya is only the 15th biggest oil exporter in the world, but the oil it exports is of a particularly desirable type.

Source: Grist, 08/23/2011

Enviros Call On Super Committee To Ax Energy Subsidies And Tax Breaks

"As the congressional leaders decide on members for the new bipartisan debt-reduction super committee, green advocacy groups are already on the offensive, calling on the committee to cut billions of dollars in tax breaks and energy subsidies for the oil and gas industry."

Source: Huffington Post, 08/11/2011

As Stocks Plunge, Consumers Get a Break on Gas Prices

"HOUSTON — The growing gloom about the economy has pushed down oil and gasoline prices, along with the prices of an array of other commodities. And while that could mean more spending power for consumers, perhaps tempering any possible downturn, the steep drop in energy prices reflects worries that economic activity is headed in the wrong direction."

Source: NY Times, 08/09/2011

"Green Fields: Ethanol Reaches Out To Straw Poll Media"

Federal ethanol subsidies are hardly dead. They are still a key controversy in climate change, air pollution, the automotive industry, agricultural markets, food prices, budget wars, and the 2012 presidential race. No wonder the media mob descending on Iowa for the Aug. 13 straw poll is getting a free banquet of PR pitches.

Source: DesMoines Register, 08/08/2011


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