Yarmuth Bill to End Oil Subsidies, Return Cash to Motorists

Echoing President Barack Obama’s call to close tax loopholes for the oil and gas industry, U.S. Rep. John Yarmuth, D-Ky., unveiled a bill Monday that will end federal subsidies to oil companies and return the savings to American motorists. The Gas Rebate Act of 2012 would take the nearly $40 billion in savings from closing […]

McConnell: Obama Wants Higher Gas Prices

Speaking on the Senate floor Wednesday, Republican Leader Mitch McConnell, R-Ky., criticized the White House’s energy policy, claiming President Obama wants higher gas prices. Across the country the average cost for a gallon of gas is $3.76 and it went up for 27 consecutive days. The Oil Price Information Service projects the nationwide average could […]

Rising Gas Prices, Debate Over Publishing H5N1 Research, and a Two-Hour Marathon?: Today on Here and Now

1:06pm: Even though domestic consumption is down, gas prices are on the rise. There are real concerns about the supply of oil; relations between Iran and the West are strained and Iran says it’s shutting down sales of oil to Europe and there’s political turmoil in Nigeria, which is affecting supplies here in the US. […]

Judge Rules for Marathon in Gouging Case

A Frankfort judge, in a price gouging case against Marathon Petroleum, has refused to force the oil company to roll back gas prices in Kentucky. In the wake of April flooding, Kentucky Attorney General Jack Conway accused Marathon Petroleum of price gouging during a State of Emergency declared on April 26th. Conway wanted Franklin Circuit […]

Experts Testify in Gas Price Gouging Case

In Frankfort, two economic experts battled it out in a day long hearing in Kentucky’s gas price gouging case against Marathon Petroleum. The state is accusing Marathon of gasoline price gouging during a state of emergency declared on April 26th and still in effect. Peter Ashton, a consulting economist for the attorney general’s office, said […]

McConnell: Democrats Playing Blame Game on Energy Crisis

Claiming Democrats are staging a “dog and pony show”, Senate Minority Leader Mitch McConnell, R-Ky., blasted plans to revoke billions in tax subsidies given to oil companies in a speech on the Senate floor Tuesday. Eliminating those tax breaks has been a goal of President Barack Obama and congressional Democrats for some time, but there’s […]

Yarmuth Demands Immediate End to Big Oil Subsidies

Joining an effort to end giveaways, U.S. Rep. John Yarmuth, D-Ky., announced his support of the Big Oil Welfare Repeal Act, which would revoke billions in tax subsidies given to oil companies. House Democrats planned a Thursday vote to force their Republican counterparts to take a stand on tax breaks given to companies such as […]

Here and Now Today: More on bin Laden, Gas Prices, and Kentucky Derby Lore

The number of questions around what happened during the raid on Osama bin Laden’s compound is growing. New details have emerged, and the Obama administration had to backtrack yesterday, saying, among other things, that Bin Laden did not have a gun, and his wife was not used as a human shield by him. We’ll get […]

FTC To Look Into Louisville Petroleum Market

The Chairman of the Federal Trade Commission has assured Kentucky Attorney General Jack Conway the agency will look into reports compiled by the A-G’s office they claim show possible price gouging at Louisville-area gas stations. Conway launched the investigation last summer, when he said gas prices in Louisville were substantially higher than in cities of […]