Fox Business Network Special Report: Gas Price Shock!

-By Warner Todd Huston

The price of gasoline getting you down, bunkie? I don’t blame you because it is hitting us all hard in the wallet. Oh, there’s lots of finger pointing, to be sure. The left wants to blame the Republicans sold out to the oil industry, the right blames Obama for refusing to allow us to explore for and go after our own sources of energy because he is sold out to the disastrously failed “green energy” sector.

But there are more than American politics at work in the wildly rising costs of gasoline. China, Europe, the Mid East, they all have a hand in this situation, not to mention the commodities market and the buyers, sellers, and speculators there.

It is definitely not as simple as just blaming either of our political parties.

So, just what the heck is going on here? Tune in to the Fox Business Network tonight and find out.

On Thursday at 7 PM Central Time, FBN’s Gerri Willis presents her special report, The Willis Report: Gas Price Shock. Willis explores the rising cost of gas and oil in the United States and will examine the key influences causing the spike in gas prices enlisting a panel of experts to offer solutions along the way.

Guests will include: Gulf Oil CEO Joe Petrowski; AAA Expert Robert Sinclair; Manhattan Institute Senior Fellow Robert Bryce; Gov. Jack Dalrymple (R-ND); Dr. Michael Burgess (R-TX), among others.

Tune in to Fox Business Network on Thursday March 22nd, 7:00 PM/CT and find out what is going on.
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Fox Business Network Special Report: Gas Price Shock!”


PG&E Wants Higher Rates Even While Collecting Millions for Improvements Never Made?

-By Warner Todd Huston

Since the several disastrous accidents that claimed the lives of too many Californians, Pacific Gas & Electric has been fighting criticism over its dismal safety record. In response, the energy provider cried poor and said it needed billions for upgrades and repairs and wanted ratepayers to pay even more for its services. But a new report says that PG&E collected millions from ratepayers for repairs and improvements that it never actually made.

Early last year PG&E got a large rate increase, but by August the energy provider was at it again asking for an additional $2.2 billion for upgrades, repairs, and improving its explosion-prone delivery system, a cost to be born on the backs of the ratepayers.

This January, though, the California Public Utility Commission (CPUC) reported that PG&E has already collected half a billion dollars that was supposed to go to these repairs and upgrades yet the repairs were never made.
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PG&E Wants Higher Rates Even While Collecting Millions for Improvements Never Made?”


PG&E’s Catastrophic Failure of Public Trust By Company and Government Both

-By Warner Todd Huston

Another in a long line of explosions and other catastrophic safety failures occurred at the end of September when a natural gas pipeline built and owned by Pacific Gas & Electric (PG&E) ruptured in Roseville, California. This is just of a piece of the failure of PG&E to ensure public safety, a failure that the so-called government watchdog agency set up to watch the utility, the California Public Utilities Commission (CPUC), has seemingly done little to mitigate.

Now, not only has PG&E failed to safeguard the public, but the company is insisting that ratepayers foot the bill for repairs and new safety programs to the tune of some $2.2 billion. Government watchdog CPUC seems wholly content to stand aside while they do it.

Michael R. Peevey, President of the CPUC, has been at the helm of the regulatory commission during many of the worst failures of public safety. Yet, even as he’s claimed he intends to make major changes in the agency, Governor Jerry Brown has not sacked Peevey whose term ends in 2014. The question is, why?

Peevey has been a disaster. Peevey has reigned over some of the most disastrous failures which have caused the deaths of nearly a dozen Californians, his softened stance seems to have allowed PG&E to act with impunity and arrogance, all to no good effect for ratepayers pocketbooks and their very safety.
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PG&E’s Catastrophic Failure of Public Trust By Company and Government Both”


The ‘Solar Decathalon’ That Needed a Gas Generator for Cloudy Days

-By Warner Todd Huston

What happens when the sun refuses to shine on a PR event for solar power…

Yeah, look to the right under the sign. Yep, that’s a gas generator powering the “solar” sign.

Brett Jacobson was alerted to this hilarious example of the unviable nature of solar power as a reliable source of energy.

It was too deliciously funny to ignore.
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The ‘Solar Decathalon’ That Needed a Gas Generator for Cloudy Days”


EPA to Give Itself Powers to Preemptively Deny Natural Resource Development?

-By Warner Todd Huston

Once again an Obama regulatory agency tries to give itself wild new powers, powers that would crush American energy and natural resource development, powers meant to quash the business sector.

A press release from Resourceful Earth News imparts a warning about the Environmental Protection Agency’s newest powergrab. A lfet-wing Democrat Senator is asking the EPA to accept the idea of taking upon itself the power to deny mining or development of other natural resources before any scientific studies or any permitting procedures even begin. This Senator wants the EPA to just say no because, well, simply because it feels like it.

This effort is at the behest of Washington Senator Maria Cantwell (Dem.) who is urging the EPA to invoke the Clean Water Act to put a permanent end to the development of Pebble Mine in Alaska. Pebble Mine owners have already spent $120 million over three years to satisfy federal and state government regulations. Expensive and expansive scientific studies and environmental studies have already been conducted but now that the EPA has agreed to launch its scientific analysis of the mine, Cantwell wants the EPA to preempt the environmental review process the EPA itself put in place and simply decide to prevent the operation of the mine out of hand with no science needed to back it up.
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EPA to Give Itself Powers to Preemptively Deny Natural Resource Development?”


Solyndra: Green Jobbery, Green Robbery

-By Warner Todd Huston

We have come to learn something about our president. He really loves green. But what we can’t quite decipher is if that green is green jobs and energies or just the good old fashioned green of tax money. Whatever the case, it sure is true that the green of U.S. tax dollars is far more prevalent with “O” than those mythical green jobs he’s trying to fund with it and this mess with failed green company Solyndra is revealing quite a lot.

Now, firstly lets dispense with the left’s weak defense of this whole Solyndra mess, shall we?

Left-wing organization The Center for American Progress is trying to take the spotlight off Obama and Biden and off the current administration’s culpability for the millions in tax dollars given Solyndra by informing everyone that the first time a federal loan to the green company was broached was during the waning weeks of George W. Bush’s presidency.
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Solyndra: Green Jobbery, Green Robbery”


No Spark: The Unanswered Questions of the Chevy Volt

-By Warner Todd Huston

Every time we turn around these days President Obama is touting the idea that the “future” of America lies in green energy and one of those greenie ideas is an Obama favorite: electric cars. Not to let him down, Government Motors has obliged by pushing the Chevy Volt as the car of the future. But thus far the future looks a lot like GM’s present; a whole lot of failure leaving a whole lot of questions.

While Obama continues to tout his — meaning our — investment in GM others are not so sanguine. For instance, billionaire Warren Buffet has invested in a Chinese electric car company instead of putting his considerable investment acumen to use with the Chevy Volt. Buffet may be a dolt on taxes, but apparently his investing senses haven’t gotten any spark from the Volt.

One of the reasons that Buffet went for the Chinese company is that some of its technology seems superior to various systems of the Chevy Volt. According to Forbes, Buffet has targeted the company because the, “car can travel 186 miles, more than the Nissan Leaf and Chevy Volt, on a single charge with a top speed of 87 miles per hour.”
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No Spark: The Unanswered Questions of the Chevy Volt”


Announcing the Running on Empty Tour

-By Warner Todd Huston

Americans have sent Obama a bill for: $560,699.03

The number above is how much more gas will cost Americans over the next 12 months compared to the price when President Obama took office.

Americans for Prosperity Foundation is kicking off the Running On Empty Tour, a national grassroots tour to highlight President Obama on his administrative policies that have led to some serious pain at the pump for all Americans.
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Announcing the Running on Empty Tour”


‘Adios Chavez,’ Gas Station Owner Dumps Chavez Citgo Brand

-By Warner Todd Huston

A smart gas station owner from Wadsworth, Illinois has given up his Citgo franchise and re-opened as a Shell station. To celebrate he posted a sign that gives Hugo Chavez a wonderful sendoff. “Adios Chavez,” it reads.

For the last five years I have personally boycotted any Citgo gas station. Citgo, you see, is wholly owned by Petróleos de Venezuela S.A., which itself is wholly owned by Venezuela’s despotic President Hugo Chavez and his puppet government. I have written several times in the past about this fact (here, and here) and have wondered why more Americans haven’t talked about boycotting this foreign hatemonger’s gas stations?

After all, Hugo Chavez has called the U.S. any manner of names and has centered the U.S. as the chief villain of his paranoid delusions of persecution anyway, so why not let him stew by refusing to do business with this half-witted, half-pint dictator?

So, today I am happy to report that Randy Whitmore’s gas station at Delany and York House roads in Wadsworth, Illinois has done just that. He’s flipped the tin-potted Chavez the bird and gone back to being a Shell man.

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‘Adios Chavez,’ Gas Station Owner Dumps Chavez Citgo Brand”