Will Obama Destroy U.S. Energy Independence?
The U.S. consumes nearly three times the amount of oil that it produces domestically on a daily basis. How can this statistic get any worse, you might ask?
Imagine in 2010 the Obama administration persuades Congress to pass a budget that results in a reduction of domestic oil production by 10% – 20%, making the supply/demand imbalance even more lopsided. Foreign oil companies will gain a distinct advantage over American domestic operators as an unintended consequence of these proposals. Continue reading
Cheap Oil is Gone, and That’s Good News
By Marin Katusa, Senior Energy Strategist, Casey’s Energy Report
Over the next year or two, you will likely find yourself paying a LOT more at the gas pump. Big changes are taking place in the oil industry. With increased global demand and declining supply, easy oil is not so easy anymore.
Everything is about to get more expensive. From gasoline to anti-freeze, life jackets to golf balls, and eye glasses to fertilizer. There are very few things in the modern world that aren’t made from oil, made by machines dependant on oil, or shipped by vehicles powered by oil. Continue reading
How Obama’s Policies will Affect Energy Prices
By Marin Katusa, Chief Strategist, Casey Research Energy Team
Casey Energy Opportunities
One might think the United States would be charging hard on energy security as well as border and other kinds of security in its Global War on Terror campaign. Not so. For example, America imports some 12 million barrels of oil per day, yet maintains a Strategic Petroleum Reserve (SPR) whose maximum is 727 million barrels and its inventory is currently lower, 701 million barrels, because the government cut off shipments to it last year in an effort to modulate gasoline prices. [That is just over a 58 day supply-Editor] The math gets even more discouraging when you work in the fact that the SPR’s daily drawdown capacity is only 4.4 million barrels – so America is completely unprepared for any worst-case scenarios, or even the bad-case ones. Continue reading
What Effect Will Ethanol and Corn Have on Inflation?
Unless you have been living under a rock you have probably noticed that the government has mandated that the gasoline you are pumping into your car these days has Ethanol in it now. You have probably also heard that it is good for farmers and the environment but lets look at all those factors and one more…
Is there a link between Ethanol and Inflation?
These days Ethanol is the hot topic in many different circles including conservation, farming, energy, and even in investment circles. Continue reading
