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Oil Sinks As Trade War Sentiment Turns Sour

Oil Sinks As Trade War Sentiment Turns Sour

Oil prices sank on Tuesday…

Romney Raises $6mn at Big Oil Luncheon

US Presidential candidate Mit Romney attended a lucrative luncheon on Tuesday, earning an easy $6 million in campaign donations from energy executives at the $50,000-a-plate engagement.

The luncheon at the Houstonian in Texas comes a week ahead of the Republican National Convention.

On the menu: promises to make full and “aggressive” use of the country’s energy resources if elected president. He also offered a very encouraging drill, drill, drill message to big oil.

Specifically, Romney pledged to ease regulations that are hindering offshore oil drilling and to facilitate increased natural gas production.

On Thursday, Romney travels to New Mexico to deliver his “comprehensive energy plan”.

According to agency reports, the Obama campaign is currently in the red, having spent more than it has managed to raise, while the Romney campaign is still collecting more than it spends. Tuesday’s check puts them well into the black. 

By. Jen Alic of Oilprice.com



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  • Scott Brooks on August 24 2012 said:
    Hey, Romney is supporting real energy, not the wimpy wana-be solar and wind fiascoes. Oil, gas and coal run America, wind and solar givaway crony subsidies and mandates will bankrupt it.

    People like Tisdale are in the green enviro wacko ozone- blowzone.
  • Mel Tisdale on August 23 2012 said:
    Looks like the fossil fuel industry has just won yet another battle in its war against humanity.
  • Hans Nieder on August 22 2012 said:
    So..............

    Wall Street - over $7 million by the 4th quarter of 2011 for BHO..

    http://hotair.com/archives/2011/10/10/guess-which-president-has-raked-in-the-most-wall-street-bucks-in-a-generation/

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