Gareth Porter: The graph of the relationship between energy and power shown in the AP story has now been revealed to contain absurdly large errors indicating its fraudulence.
Adam Eran: The acute problem of the Gulf oil spill makes the cost of corruption-afflicted government front page news. Lax Federal offshore drilling oversight under Bush 43 has cost us dearly. However, our society’s vulnerability to any trouble with this critical resource should also remind us of the chronic problem: peak oil.
Adam Eran: The one thing we don’t want to do is subsidize even more petroleum consumption. If we gave oil producers a special tax break (like the “depletion allowance”), or paid for the military protection for those increasingly important overseas oilfields, gas would be artificially cheaper at the pump, and we would have abandoned the “magic of the marketplace” for crony captalism, where a few favored interests get the lion’s share of public policy benefit.