Bob McCarty Writes

Humor, Politics, Culture & Capitalism @BobMcCarty

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Trade Group Cites Increase in Demand for Petroleum Products as Sign of Stronger Economy

December 17th, 2010 · No Comments

The Obama Administration has been anything but friendly to the oil and natural gas industry during the past two years; still, if a news release (below) received from the American Petroleum Institute this morning is any indication, people in the “oil patch” see an ever-so-slim sign of optimism in rising demand for their products: WASHINGTON [...]

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Expected Fed Action Described As ‘Big Gamble’ (Update)

November 3rd, 2010 · 8 Comments

The news is everywhere about the actions the Federal Reserve is expected to announce today:  Buying $500 billion to $1 trillion in government debt and driving down already-low long-term interest rates. In one  article, it’s described as a “big gamble” and “a desperate act.”  Another article cites market participants who describe the anticipated move as [...]

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Ethanol Decision Could Do More Harm Than Good

October 14th, 2010 · 1 Comment

Two months ago, I warned you about President Barack Obama’s EPA blending politics and science.  Now, according to an EPA news release issued Wednesday, the “blending” process appears to be complete: The U.S. Environmental Protection Agency (EPA) today waived a limitation on selling fuel that is more than 10 percent ethanol for model year 2007 [...]

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Industry Reduces Greenhouse Gas Emissions

March 25th, 2010 · No Comments

Greenhouse gas emissions from the U.S. oil and natural gas industry declined more than 48 million metric tons of carbon dioxide equivalent from 2007 to 2008, a reduction comparable to taking 9.7 million cars off the roads, an American Petroleum Institute-sponsored study estimates.  Among the factors contributing to the reduction is more than $58 billion [...]

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Obama to Close GITMO, Submerge Prisoners?

September 26th, 2009 · 4 Comments

File this under “never would have guessed it.” In a piece published today at Right Truth, writer R.J. Godlewski unwittingly provides the evaluatory “tools” needed to connect the future of the Guantanamo Bay Detention Facility with President Barack Obama’s relentless assault of the nation’s oil and natural gas industry. Before I continue riding this train [...]

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Higher Fuel Prices, Job Losses to Follow G20 Commitment to Phase Out Fossil Fuel Subsidies

September 25th, 2009 · No Comments

President Barack Obama just outlined steps he and other G-20 world leaders at the Pittsburgh Summit 2009 have decided to take to change the world in many economic areas, including energy.  Most notable to me was his mention of “phasing out fossil fuel subsidies.” If you think that eliminating subsidies is getting rid of some [...]

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Credit Counselors Offer Second-Job Ideas

July 29th, 2008 · No Comments

I came across a news release this morning from a consumer credit counseling organization sharing their clients’ second-job ideas to help consumers deal with ever-increasing food, fuel and living expenses. Those ideas appear below: Use your talents — Take in sewing projects, tutor local students in math or other subjects, or use your love of [...]

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