Over a Barrel Blog
Once again, an American president has begged, cajoled or hectored the Saudis and OPEC to produce more oil to keep prices low.
Being part of Fuel Freedom’s mission to end the oil monopoly on our transportation fuels is both humbling and rewarding. After all, we’re making a significant impact on the lives of millions, both here and abroad.
Pressure is mounting on the U.S. government to hold Saudi Arabia accountable for the death of American-based journalist Jamal Khashoggi. Our complicated relationship with the kingdom, held together for decades by oil and arms, narrows our palette of options.
More than a week later, what lingers in the memory isn’t the despair, but the will to fight.
Much of the debate surrounding the recent proposal to lower fuel economy standards focuses on the Environmental Protection Agency (EPA) and its effort to reduce greenhouse gas emissions from tailpipes.
There’s a regular drumbeat from petroleum interests that begrudge ethanol its share of the gasoline fuel market: “We need to let the market decide.” The latest was just last week. But there’s a problem with that argument. A monopoly is not a market.
It seems like every day there’s a new think piece out there decrying the subsidies that renewable energy, alternative fuels, and the vehicles that can run them receive. Yet when it comes to the substantial government assistance for oil companies, those same critics are conspicuously silent.
Building cars is hard. Building an affordable electric car is exceedingly hard.
It seems like every day there’s a new headline about the dominance of America’s petroleum sector.
As we’ve been warning would happen for a while now, oil prices are rising again. Oil prices have already reached $80 per barrel, and look unlikely to stop increasing anytime soon.