MoveOn.org Wants $10 Per Gallon Gasoline

I couldn’t quite believe it when I had a friend of mine tell me that he really believed that $10 per gallon gasoline would be a good thing.  He actually wanted the U.S. to face a recession similar to the one that Japan faced in the 1990’s.  Apparently my friend’s sentiments weren’t all that unusual.
In [...]

South Dakota To Build First New Oil Refinery in 32 years

South Dakota residents should be proud of themselves. In a time when Washington, D.C. offers no solutions and double-talking politicians complain about gas prices while blocking any effort to drill domestically, South Dakota comes through with a solution. Build a big new refinery and force more domestic drilling!

Now, nothing has happened yet and [...]

Exxon Mobil Setting New Records In Income Tax

Exxon Mobil reported this week that it set an all time new record– not in earnings or profit, but in income taxes paid to the government in a single quarter. Exxon Mobil paid $9.32 billion in income taxes in the first quarter of 2008 alone, which is a record for U.S. corporate taxes. [...]