William O'Keefe

William O'Keefe

Open The Spigots

Instability and conflict in the Middle East is on the rise and with it there is a greater risk that oil production could be interrupted.  In Iraq, ISIS forces have put the country on the brink of civil war.  Oil production in the North has been disrupted but that has been offset by production in […]  More »

Murkowski”s Moment

This week Senator Lisa Murkowski (R-AK) will meet with Commerce Secretary Penny Pritzker to discuss expanding the classification of refined oil exports to include condensate products. The meeting comes as part of an important larger movement in Washington to relax decades-old restrictions that create a glut of domestic crude oil here at home. Sen. Murkowski […]  More »

Climate Denier: A Tool to Intimidate

CNBC recently invited Marshall Institute Chair Will Happer, just retired as a tenured physics professor from Princeton University, to appear on   Squawk Box to address comments he had made about the demonization of CO2.  It was a good example of an interviewer, Andrew Ross Sorkin, acting like a prosecuting attorney instead of someone trying to […]  More »

The Highway Trust Fund: Important and Necessary Government Spending

While liberals and conservatives constantly debate about the necessity of government spending on various programs and projects, there is bipartisan agreement among voters on the need for maintaining our highway infrastructure.  To that point, the Highway Trust Fund must remain adequately financed to keep our roads and bridges operational and safe. The fund currently lacks […]  More »

Alaska’s Historic Natural Gas Equity

When it comes to domestic energy, Alaska gets it. Alaska is a state rich in natural resources, and through sensible policy it has historically worked with industry to develop those assets in an efficient manner. Yet, keeping pace with shifting energy dynamics requires a tax structure that fosters investment, which voters will decide later this […]  More »

Mark Twain on Climate Alarmism

Mark Twain once observed that he was not bothered by all the things that people didn’t know; he was bothered by all the things they know that just aren’t true.  If he was alive, he could direct that comment to the former Secretary of the Treasury Henry Paulson who is now speaking out as a […]  More »

Failed Risk Management

The renewed combat in Iraq has caused oil prices to increase, although modestly so far.  The prospect of a possible curtailment in Iraq’s production has oil markets rightfully nervous.  Some analysts see oil prices increasing another $30 if production was shut off or significantly reduced.  That would take prices back to the $140 level that […]  More »

The Snookering of Obama

The President has claimed that his new Clean Power Plan shows the leadership and commitment to address climate change that will encourage other countries, namely China, to take serious action.  While that is a possibility, it chances more likely falls into the slim and none category. First, his plan faces a large number of hurdles […]  More »

Red Queen Rules EPA

In Alice in Wonderland, the Red Queen is known for many remarks that stand logic on its head.  One of the best known is, “verdict now, trial later.”  EPA Administrator McCarthy has done the Red Queen one better. Verdict now, no trial. EPA asserting authority under the Clean Water Act has begun a pre-emptive veto […]  More »

The EPA Terminator

EPA Administrator, Gina McCarthy, in a recent speech said, “we’re coming after you” in discussing criticism of EPA science from some members of Congress and so called conservative groups.  Her remarks were in response of efforts to obtain studies on which the agency has based some of its regulatory actions. If it wasn’t for the […]  More »

Catastrophe is always on the Horizon

The IPCC just released its last assessment report dealing with mitigation.  Like the two previously released work group reports, the latest also sounds the alarm bell that catastrophe is just around the corner unless dramatic action is taken soon.  The latest report calls for a 40% reduction in emissions from 2010 levels by 2050. With […]  More »

The Bankrupt Intergovernmental Panel on Climate Change (IPCC)

Last week with much fanfare, the IPCC released its Summary for Policy Makers on climate change impacts.  The Panel’s chairman declared that this report was its most terrifying because human caused climate change was going to cause famine, disease, extreme weather, and war.  These effects will occur because crop yields will be reduced as will […]  More »
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