Complaining about high oil prices last week, Bill O'Reilly argued:

There is plenty of oil in the USA. Prices should not be at record levels. But they are because the oil companies are sending their products overseas to make more money...

His solution? America should tax American oil refiners when they sell overseas:

If you are going to refine in the United States, you sell to the United States. And if you don't, you pay a higher tax to export, all right?

That's intuitive: Keep gasoline in America to keep prices low.

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Bill O'Reilly was on the warpath last week about record-high oil prices. He says collusion among greedy oil companies is a big factor, and he bet me $1,000 that the gas stations in his town charged the "exact same price," which he says is evidence that they collude.

I checked his town's prices, and he's wrong. I win $1000! Here were the prices this afternoon:

Gulf: $3.95 ... Getty: $3.99 ... Shell: $4.05 ... Mobil: $4.07... continue reading »

Most lefty documentaries I watch seem like obvious nonsense: Michael Moore's movies, "Food Inc ", and "Tapped"... continue reading »

From Trish Turner, the FOX News senior Capitol Hill producer:

Sen Dem Leader Harry Reid, D-Nev, is expected to set a vote for early next week on legislation to repeal billions in federal subsidies for the oil and gas industries.

Good! The subsidies aren't huge, and the depreciation allowance applies to other industries, but Congress should end special tax breaks for everyone. They should repeal special deals for ALL types of energy... continue reading »

The time to end the government powered ethanol subsidy has come… and gone… multiple times. It’s an expensive waste of money, and a GAO report confirms that if it is left unchanged, the  

… annual cost to the Treasury in forgone revenues could grow from $5.4 billion in 2010 to $6.75 billion in 2015... continue reading »

Yesterday Vice President Biden announced a new multi-billion dollar push for high-speed rail.  Before that he proudly gave a $118.5 million dollar grant to a battery company to spur the development of electric cars... continue reading »

I thank the Weekly Standard’s Fred Barnes for pointing out some good news that I’d missed. The new Chair of the House Energy and Commerce Committee recently said this to members of his committee:

We are in the middle of the largest fiscal crisis the country has ever faced... No one seriously thinks that we can continue on our current path of recklessness. And that path ends right here... ... continue reading »

Last March, President Obama said something smart: "Today we're announcing the expansion of offshore oil and gas exploration." The decision would have opened up drilling along the coast from Florida to Delaware. But then the BP oil rig blew up, causing a new push to ban offshore oil drilling. The White House declared such a ban – but a court threw it out as too broad.  This doesn’t mean that drilling resumed... continue reading »

The Senate just passed the tax bill compromise that would extend the Bush tax cuts... continue reading »

Louisiana residents have been hit hard. In his first Oval Office address, Obama refers to the aftermath of the recent explosion aboard the Deepwater Horizon offshore rig as “the worst environmental disaster America has ever faced.” Still, the “man-made disaster” that Washington bureaucrats have inflicted in its aftermath may prove more damaging to the economy. At the end of his spe... continue reading »