SUV, pickup sales feel affects of gas crunch

By Thomas Garcia, PNT Staff Reporter The rise in the price of oil and gas has had mixed effects on the sales of full-size pickups and sport utility vehicles, according to Clovis and Portales dealerships. “With the rise in gas prices we’ve seen an increased interest in fuel efficient cars and pickups with smaller engines,” […]

Editorial: Off-shore drilling promises to help U.S. oil supply

Republican presidential candidate John McCain this week reversed his position and drew environmentalists’ wrath when he came out in favor of lifting the federal ban on off-shore oil drilling. McCain apparently realizes he needs motorists’ votes more than environmentalists’ endorsements. Better late than never. Rising gasoline prices have focused voters’ attention. A poll last October […]

Celebrity touts dictator, country

Editorial It would be fascinating if not so dismaying that so many of our celebrities who believe that being actors or singers means we should care what they think about world affairs have such poor taste in foreign leaders. Earlier this month aging bad-boy actor Sean Penn traveled to Venezuela, exulted that he had discovered […]

Government proposals will hinder market

Editorial T he House of Representatives voted last week to impose $16 billion in new taxes on the oil industry and give away billions of dollars in tax breaks for so-called “renewable” energy schemes. The proposals will only drive energy costs higher, while limiting availability and giving foreign oil producers more sway in the U.S. […]

May 9, 1960

• North by Northwest and Girls Town were playing at the Varsity Drive-in Theatre. • Three area residents had their driver’s licenses revoked for one year for the charges of driving while under the influence of intoxicating liquor. • Campbell’s Mobile Service Station was offering a 99 cent car wash with an oil change and […]

Chain e-mail won’t lower gas prices

By Kevin Wilson With this election year that’s not really an election year, it’s amazing to see the impact of people-powered politics. Candidates like Barack Obama can solicit small donations online and put 100,000 people behind his political movement. At debates for both Republicans and Democrats, moderators can quickly change the direction of a candidate […]

Socialist leaders have propensity to become dictators

Editorial Venezuelan President Hugo Chavez’s recent strong-arm moves illustrate a couple of truths we’re weary of seeing illustrated. The first is that those who proclaim themselves socialists — avatars of “the people” and battlers for the underprivileged — all too soon end up taking the maximum possible power unto themselves, to the point of becoming […]

Russia demonstrates ambition for grandeur

Editorial The Russian government has successfully pressured Shell, the Anglo-Dutch oil company, into reducing its stake in a promising but difficult oil and natural-gas field in Siberia from a majority share to a minority share. Gazprom, the Russian state-owned energy group, which has invested little or nothing in exploiting the energy resources on and around […]

Feds shouldn’t regulate oil fields

Editorial It certainly looks as if BP miscalculated when it came to how often it needed to perform maintenance on a pipeline leading from the oil field at Prudhoe Bay on the North Slope of Alaska. As Severin Borenstein, of the Energy Institute at the University of California-Berkeley said, that’s an internal BP problem and […]

Gas prices expected to climb

Freedom Newspapers Area residents could see higher gas prices in the coming weeks, according to AAA New Mexico spokesperson Jeanie Chavez. The recent announcement that an Alaskan oil company has shut down in order to replace a corroded pipe line is the latest in a string of events that led to record gas prices in […]

Local oil wells reactivated

By Michael Harrell: PNT Staff Writer Orbit Petroleum recently activated seven more oil and gas wells in the southern tip of Roosevelt County, bringing their total number of active wells to 35, according to a company press release. The Oklahoma City-based company has plans to re-activate an additional 25 wells in what is known as […]

Governor asks oil industry to help

The Associated Press The Associated Press SANTA FE — Gov. Bill Richardson has called on the oil and gas industry for a second time to pitch in $50 million to help consumers with high gasoline prices, but an industry leader says supply will have to increase and demand must decrease before prices will come down. […]

Bush’s compromise on CAFE puts feds that much deeper in regulatory arena

Editorial The Bush administration last month caved in to years of pressure, and moved to make good on the president’s pledge to free the nation from its “addiction” to foreign oil, by making the most dramatic change in 30 years to Corporate Average Fuel Economy standards. Certain categories of trucks and SUVs will have to […]

Easter: It’s glorious news of the ages

By Joan Clayton The week before Easter reminds me of the palms and branches spread by the people welcoming the triumphant entry of Jesus into Jerusalem for the festival of Passover. “’Tell the people of Jerusalem, Your king is coming to you. He is gentle and riding on a donkey, on the colt of a […]

Responsible spending urged for Legislature

By Andy Jackson: Freedom Newspapers Area lawmakers are urging responsible spending during the 2006 state Legislature even after record oil and gas receipts pumped the state coffers full of extra money. The state’s revenue from oil and gas leases jumped by $92 million in 2005 compared to 2004, according to state figures. Sen. Stuart Ingle, […]

Administration is answerless for oil price questions

Freedom Newspapers Environmentalists have been scrambling to spin the spike in gasoline prices as not the fault of their quite successful efforts the past 30 years to slam the brakes on domestic oil production and refining. Yeah, right. It’s time to face reality. And the reality is America’s domestic oil production and refining capacity has […]

Proposal would convert closed bases to oil refineries

Marlena Hartz: Freedom Newspapers A state representative from Pennsylvania is trying to turn BRAC-list military bases into oil refineries. Though Cannon Air Force Base may be an ideal spot for a refinery according to his criteria, he never suggested oil come specifically to Cannon, said Derek Karchner, communication director for Rep. Joe Pitts, R.-Pa. “We […]

Citizens should insist governments do not fund United Nations

Freedom Newspapers Some of the words were stern. Former Federal Reserve chairman Paul Volcker lectured the U.N. Security Council, and Secretary-General Kofi Annan in particular, that Annan and members of the entire organization need to change the way they operate or face a worldwide loss of support from the public. If Kofi Annan had any […]

Gasoline prices continue to rise throughout U.S.

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Brad Foss: The Associated Press Gasoline prices leaped nationwide Wednesday as key refineries and pipelines remained crippled by Hurricane Katrina, crimping supplies and leading to caps on the amount of fuel delivered to retailers. Wednesday in Portales, gas prices averaged $2.75 per gallon for regular unleaded. Javier Gomez filled up his truck at the Town […]

Gas prices squeezing people at the pump

Staff and wire reports Crude-oil prices spiked to a new high Tuesday, as traders grew increasingly concerned about the amount of damage Hurricane Katrina did to the nation’s energy infrastructure. The runup in trading prices doesn’t directly affect consumer prices, but the market’s jittery climb suggests U.S. consumers are about to see another surge in […]