Energy Dispute a Reminder About Classic Geopolitics
Beginning around 20 June and ending 24 June, Europe went through a mini natural gas crisis. Russian natural gas giant Gazprom reduced supplies into Belarus by 60% in response to Belarus’ unpaid bill of $192 million. Belarus at first refused to pay and later even offered payment in the form of tradable goods instead of [...]
BP, Obama and Energy Policy: Implications of the BP Oil Spill
On Tuesday, June 15, 2010, President Obama addressed the nation to assure the American people that he was doing everything in his power to deal with the current and future consequences of the BP oil spill. In the address, he asked BP to pay lost wages and damages for those affected and announced a revitalization [...]
$1.2B for “Cycling and Walking Inititiatives”
President Obama’s energy policy has poured $1.2 billion of tax revenue into “cycling and walking initiatives” to encourage people to give up their cars. That represents a 100% increase from a year ago and a 200-fold increase from 20 years ago. Although good arguments can be made for the interest in and need for alternative [...]
President Obama Calls For an Increase In Offshore Oil Drilling
President Obama surprised many in the political world this week by announcing that the United States needed to expand its offshore drilling program. Throughout his presidential campaign in 2008, President Obama was a staunch critic of offshore drilling. Members of both political parties are unhappy with President Obama’s decision. Democratic leaders are opposed because they [...]
