March 14, 2012

The Crude Truth from Senator Jeff Bingaman

David Roberts, Grist


AP

About a year ago, when the last episode of Gas Price Mania was gearing up, Sen. Jeff Bingaman (D-N.M.) gave an extraordinary speech on the floor of the Senate. He explained that the price of gasoline is tied to the price of oil, the price of oil is tied to events outside America’s control, and the only way to reduce vulnerability to gasoline and oil prices is to use less gasoline and oil. It’s a simple truth, rarely spoken among national politicians.

Read Full Article ››

TAGGED: Gas Prices, Oil, Jeff Bingaman

RECOMMENDED ARTICLES

October 16, 2013
Your Early Christmas Present: Low Gas Prices
Matt Smith, Energy Burrito
Let’s end at the beginning: retail gasoline prices are going to continue to head lower, and this post simply presents the case as to why, through some simple visuals. But before we do that, here are some reasons as... more ››
October 15, 2013
Will Gas Prices End the Year Below $3 per Gallon?
Jeff Macke, Yahoo
According to David Lutz of Stifel, Nicolaus & Company, consumers are going to get a big boost to their wallets before the end of the year — and the source could surprise you. According to Lutz, the Environmental... more ››
Most people can't think about Texas without thinking about oil, and a recent flood of investment into two onshore shale fields has helped the state bolster its title as one of the world's leading energy producers.According to... more ››
October 21, 2013
Oil Supply Vulnerable 40 Years After Embargo
Wendy Koch, USA Today
In 1973, Archie Bunker's All in the Family topped TV rankings and Tony Orlando's Tie a Yellow Ribbon 'Round the Ole Oak Tree led Billboard charts. On the economic front, the United States depended heavily on foreign oil. . . more ››
October 21, 2013
Is Deepwater the Next Oil Bonanza?
Daniel Graeber, OilPrice.com
Strong growth in international drilling activity helped increase quarterly profits for some of the largest oil companies in the industry. Oil services company Baker Hughes Inc. said last week the number of rigs counted... more ››