Cartoon Tuesday: Vote for Oil
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On this Election Day, here’s animator Mark Fiore on the importance of making your voice heard in uncertain times. Click through for this timely message.
Recent Streetsblog USA posts about Oil
Cartoon Tuesday: Conventional Wisdom
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As the Democratic convention convenes in Denver, Matt Davies of the Journal News drills down on the national energy policy debate. Click through for the punchline.
House Bill Makes Connection Between Transit Funding and Gas Price Relief
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Here’s an alternative to the "Drill Now!" mantra that doesn’t involve ethanol subsidies or depleting the Strategic Petroleum Reserve. Earlier this month, Congressman Earl Blumenauer introduced the Transportation and Housing Choices for Gas Price Relief Act [PDF]. Blumenauer’s hometown paper, The Oregonian, calls the measure a "smart bill": The key word in that title is […]
The U.S. Wants to “Borrow” From Transit to Pay for Highways
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U.S. Transportation Secretary Mary Peters said yesterday that due to declining gas tax revenues, the Highway Trust Fund would need to borrow money from its mass transit account to pay for road projects. Today’s big news story was buried at the bottom of page A17 in the New York Times: Gasoline tax revenue is falling […]
The Biggest Fare Hike Factor? It Could Be MTA Debt
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Saturday’s Times delved into the history of the MTA’s mounting debt burden, which, along with rising fuel costs and plummeting revenues from the real estate transactions tax, has severely squeezed the authority’s finances: Debt payments are the system’s largest single cost after payroll, and by 2012 they will account for one of every five dollars […]
The Pentagon Burns 395,000 Barrels of Oil Per Day
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It’s always a bit of a mind-boggler when some statistics emerge showing how much oil the U.S. military consumes. From yesterday’s Politico: So, you think you’ve got the gas prices blues. Just consider Al Shaffer, the man in charge of drafting an energy strategy for the gas-guzzling Pentagon. With wars in Iraq and Afghanistan and […]