Ronald Reagan was a terrible president for “American oil.” He had nothing against crude, but Reagan did favor reversing the weak dollar policies embraced by Presidents Nixon and Carter in the 1970s, and that caused “oil shocks” that were really dollar shocks. The U.S. was far more “energy independent” during the 1970s under Presidents Nixon and […]
Under the “Worst” President for “American Oil,” We Thrived Read More »
The U.S. oil sector had its worst stretch under Ronald Reagan. So substantially did prices fall during his presidency that even his Vice President (George H.W. Bush) made the rather puzzling suggestion that OPEC should be prodded to restrain oil prices from further decline. When markets are untouched by the powers that be, the
With Energy, Tomorrow Is Often Another Country Read More »
One of Joe Biden’s biggest fibs received the least amount of attention. Back when he was president, and amid notably high gasoline prices, Biden talked of how when he was young, the price at the pump affected what the Biden family could have for dinner. It was great politics, but for one problem: what
Mitigating the Energy Uncertainty That Saps Our Economic Health Read More »
A recent front page story in the Wall Street Journal told the story of a courageous entrepreneur who impressively got in the proverbial door with Costco. She had what Journal reporter Ruth Simon referred to as an “African inspired” snack, and after a great deal of courting, Florence Dennis had a $375,000 order from Costco. Easy street from there? Hardly.
While Oil Is Essential to Life and Progress, ‘Drill Baby, Drill’ Is Mindless Read More »
