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Keyword: bhoenergy

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  • Former Gov. Sarah Palin weighs in on Alaska's current oil tax debate

    07/23/2014 7:07:00 AM PDT · by Cringing Negativism Network · 11 replies
    Alaska Dispach News ^ | July 22, 2014 | Laurel Andrews
    Former Alaska Gov. Sarah Palin said in a phone interview with Alaska Dispatch News on Tuesday that she plans to speak out against oil company-funded efforts to maintain the oil tax structure put in place in January. “I don’t want Alaskans to be deceived,” she said.
  • Gas Prices Extend Painful Record: July 4 Marks 1,290 Days above $3-a-Gallon

    07/02/2014 11:04:20 AM PDT · by Cheerio · 17 replies
    CNSNews ^ | July 2, 2014 | Julia Seymour
    This Independence Day weekend, drivers won't see any relief from high gas prices. Although prices retreated by a fraction of a cent at the beginning of the week, AAA predicts holiday travelers will pay the most at the pump since 2008. In its monthly gas price report released June 30, AAA said, "With Independence Day only a few days away, today's national average price of gas is $3.68 per gallon. This average is considerably more expensive than recent years for the holiday. The national average on July 4 in previous years was: $3.48 (2013); $3.34 (2012); $3.57 (2011); $2.74 (2010);...
  • Ruling could help US become major oil exporter

    06/26/2014 7:23:40 AM PDT · by TurboZamboni · 19 replies
    Pioneer Press ^ | 6-25-14 | Jonathan Fahey and Dina Cappiello
    NEW YORK (AP) — Companies are taking advantage of new ways to export oil from the U.S. despite government restrictions, and in the process helping the U.S. become an ever bigger exporter of petroleum on the world stage. The Obama Administration has opened the door to more exports — without changing policy — by allowing some light oils to be defined as petroleum products like gasoline or diesel, which are not subject to export restrictions. Although U.S. production has boomed in recent years, the nation still consumes far more crude oil than it produces and remains heavily dependent on imports....
  • What Iraq's war may mean for the Keystone pipeline

    06/19/2014 6:26:32 AM PDT · by shove_it · 11 replies
    CNBC ^ | 18 Jun 2014 | Javier E. David
    Supporters of the Keystone XL pipeline have found a new talking point: Iraq Violence exploding in one of the world's largest oil-producing nations is ricocheting in the debate over U.S. energy policy. Backers of the pipeline, which would run from Alberta, Canada, to Texas, are pointing to the crisis in Iraq as a rationale for pushing the project forward. Often billed as a possible component for supplying the U.S.'s voracious energy markets with crude oil, TransCanada's long-delayed $5.3 billion pipeline has been mired in delays for six years. On Wednesday, the Senate Energy and Natural Resources committee voted 12-10 to...
  • Obama Puts Solar Panels on Roof of the White House

    05/10/2014 1:28:34 PM PDT · by Kaslin · 80 replies
    Townhall.com ^ | May 10, 2014 | Heather Ginsberg
    Well it seems the President is still trying to keep up appearances. This week the Obama administration completed the installation of new solar panels on top of the White House. It was almost 30 years ago that Reagan removed the solar panels that Jimmy Carter had built on top of the president’s residence, but shockingly enough, President Obama has once again ruined everything Reagan created. This is a reminder to the American people that President Obama is supposed to be a big proponent of stopping climate change. According to a White House spokesman, “Continuing President Obama’s commitment to lead by...
  • Gas Prices Hit 13-Month Highs, Prompt Macro Concerns

    04/20/2014 3:42:10 PM PDT · by Nachum · 73 replies
    zero hedge ^ | 4/20/14 | tyler durden
    At $3.67, US Regular gasoline prices are their highest since March 2013 having risen over 12% (40c) in the last 2 months. This must be great news, right? It must mean world demand is picking up and driving up prices of crude oil as global trade soars (amid a collapsing Baltic Dry and decelerating Chinese growth). This can't be related to "war premia" right? - as we noted here - because stocks (which always know best) have discounted all this tomfoolery. However, as the following chart shows, each time gas prices have surged up toards the Maginot Line of $3.80,...
  • Jimmy Carter Stands Up In Opposition To Keystone XL Pipeline

    04/16/2014 5:21:20 PM PDT · by Up Yours Marxists · 57 replies
    PoliticusUSA ^ | Keith Brekhus
    Former U.S. President Jimmy Carter joined nine other Nobel Peace Laureates in sending a strongly worded letter to President Obama and Secretary of State John Kerry, urging them not to approve construction of the Keystone XL Pipeline. The letter opened as follows: "You stand on the brink of making a choice that will define your legacy on one of the greatest challenges humanity has ever faced – climate change. As you deliberate the Keystone XL tar sands pipeline, you are poised to make a decision that will signal either a dangerous commitment to the status quo, or bold leadership that...
  • Electricity Price Surged to All-Time Record for March

    04/16/2014 7:00:11 PM PDT · by george76 · 22 replies
    CNSNews ^ | April 16, 2014 | Terence P. Jeffrey
    The average price for a kilowatthour (KWH) of electricity hit a March record of 13.5 cents, according data released yesterday by the Bureau of Labor Statistics. That was up about 5.5 percent from 12.8 cents per KWH in March 2013. ... The BLS’s seasonally adjusted electricity price index rose to 209.341 this March, the highest it has ever been, up 10.537 points—or 5.3 percent--from 198.804 in March 2013. ... per capita electricity production peaked in the United States in 2007.
  • Yet Another Obama-Funded Electric Car Company Goes Belly Up

    04/10/2014 8:42:23 PM PDT · by kingattax · 14 replies
    Rightwing News ^ | April 10, 2014 | Duane Lester
    Worst. Venture capitalist. Ever: -snip- My mistake. He’s not a venture capitalist. They use their own money. He’s just a typical Marxist. No idea about business but freely wastes everyone else’s money.
  • House Approves Bill to Stop Obama's "War on Coal"

    03/08/2014 12:28:38 PM PST · by VitacoreVision · 26 replies
    The New American ^ | 07 March 2014 | Raven Clabough
    House Approves Bill to Stop Obama's "War on Coal" 07 March 2014 The House has approved a bill to block President Obama's climate plan that aimed at regulating so-called carbon pollution from new power plants.
  • Obama’s War on America: Killing Coal to Kill U.S. Electrical Power

    02/20/2014 6:41:22 AM PST · by rktman · 38 replies
    Canada Free Press ^ | 2/20/2014 | Alan Caruba
    If the White House and the EPA is permitted to implement the MATS regulation the economy will dramatically decline. Life in America will resemble that of third world nations. It is entirely based on lies
  • Environmentalists Do Billionaires' Bidding in Fight Against Keystone Pipeline

    02/05/2014 8:38:02 AM PST · by SeekAndFind · 7 replies
    Townhall ^ | 02/05/2014 | Rachel Marsden
    PARIS -- An environmentalist lies down alongside his fellow organic cucumber aficionados to block the construction of an oil pipeline and wakes up a member of a proxy army serving the billionaires who are fighting against America's economic and national security interests to line their own pockets. How did that happen? This phenomenon is on display in the battle against the Keystone XL pipeline project, the cornerstone of Canada-U.S. energy independence, set to run from Alberta, Canada, into Nebraska, then ultimately to the Gulf Coast of Texas where it can be exported. None of this pleases environmental activists, whose actions...
  • Exxon to move Canadian crude by rail amid pipeline shortage

    01/31/2014 4:55:47 AM PST · by thackney · 14 replies
    Fuel Fix ^ | January 30, 2014 | Zain Shauk
    With limited pipeline options to ship oil sands crude out of Canada, Exxon Mobil Corp. plans to move up to 100,000 barrels per day of Canadian oil using a new rail terminal that should be running by 2015, an executive said Thursday. The terminal, to be constructed in Alberta, will cost up to $250 million if it is built to a maximum capacity of 250,000 barrels of oil per day, said David Rosenthal, Exxon Mobil’s vice president of investor relations, during a conference call with analysts. The rail terminal is being developed by Kinder Morgan and Imperial Oil at an...
  • Refiners rush to ship gasoil, diesel to freezing U.S.

    01/19/2014 7:56:16 AM PST · by artichokegrower · 18 replies
    Reuters ^ | Jan 17, 2014 | Ron Bousso
    LONDON, Jan 17 (Reuters) - Refiners in Asia, Europe and Russia are shipping around half a million tonnes of heating oil and diesel to the United States this month after bitterly cold weather sharply reduced oil stocks there. At least a dozen tankers have been booked so far in January to ship gasoil and diesel to the U.S. East Coast, according to traders and shipping data. The majority of the tankers, or around 300,000 tonnes of oil product, originated from the Baltic Sea and Black Sea.
  • Hoeven: Obama will approve Keystone

    01/12/2014 12:16:11 PM PST · by jazusamo · 37 replies
    The Hill ^ | January 12, 2014 | Laura Barron-Lopez
    Sen. John Hoeven (R-N.D.) said he thinks President Obama will approve the proposed Keystone XL pipeline. In the wake of multiple crude-by-rail train accidents in North Dakota -- leaving railcars ablaze and nearby residents at risk --Hoeven said on "Platts Energy Week" that the U.S. needs more pipelines. The U.S. needs pipelines "not only to improve conditions in terms of rail, but trucks," Hoeven said on Sunday. "With the Keystone pipeline, we'd take 500 trucks a day off our roads in western North Dakota." "So clearly pipelines are a part of the solution. But also we have to do everything...
  • U.S. energy boom firing on all cylinders for 2014

    12/29/2013 7:49:50 PM PST · by ckilmer · 12 replies
    globeadvisor ^ | Tuesday, December 24, 2013 | DAVID BERMAN
    News from globeandmail.com U.S. energy boom firing on all cylinders for 2014 Tuesday, December 24, 2013 DAVID BERMAN dberman@globeandmail.comDavid Berman writes for Inside the Market (tgam.ca/inside-the-market), which offers up-to-the-minute analysis of stock trends and market-moving news throughout the trading day.It is amazing how fast U.S. energy production has gained traction in our imaginations. One minute, the country is talking up a need to move toward energy independence; the next, it is on the verge of becoming the world's largest oil producer, according to the International Energy Agency.James Hamilton at Econbrowser highlights the transition this way: Just eight months ago, the...
  • Radiation alerts hit U.S. cities

    12/13/2013 11:28:14 AM PST · by Errant · 99 replies
    World Net Daily ^ | 12/13/2013 | Bob Unruh
    A private organization that monitors radiation data from network points across the United States issued email alerts today for two Western U.S. cities, Reno, Nev., and St. George, Utah. The alerts came from the the Nuclear Emergency Tracking Center, which explains its mission is to provide radiation monitoring information from hundreds of sites in Japan and the U.S., including those run by the Environmental Protection Agency. The warning pinpointed an area “of concern” in St. George, Utah, where background radiation levels more than doubled today from the typical reading. In Reno, “the current background radiation level has increased suddenly...
  • Solar Industry Takes on Crony Capitalism in Arizona

    11/04/2013 6:52:02 AM PST · by Kaslin · 17 replies
    Townhall.com ^ | November 4, 2013 | Rachel Alexander
    A heated battle is taking place in Arizona between the fledgling solar industry and APS, the state’s largest energy company, which enjoys a state-granted near-monopoly over energy. In sunny Arizona, it is peculiar that solar energy is being portrayed as the bad guy. Since Arizona is a Republican-dominated state, APS is sneakily buying up influential Republicans, both directly and indirectly, to perpetuate its crony capitalism. The Washington Post refers to these Republicans as “some of the best pollsters and consultants money can buy.” The spin goes like this, “stop subsidizing the solar industry.” The word “subsidy” is used to scare...
  • In Virginia coal country, voters’ suspicions reveal a GOP vulnerability (WaPo)

    10/23/2013 9:40:34 AM PDT · by Timber Rattler · 20 replies
    The Washington Post ^ | October 23, 2013 | Ben Pershing
    WISE, Va. — Amid the struggling businesses and flattened mountaintops strip-mined decades ago, antipathy toward Democrats and what’s known in this region as their “war on coal” is stronger than just about anywhere else in the country. That has translated naturally into broad opposition to Terry McAuliffe, the Democratic candidate for governor this year. But across the coal fields of far-southwest Virginia, something unusual is also happening: Voters don’t like the Republican candidate, Attorney General Ken Cuccinelli II, much better. Cuccinelli’s struggles seem to stem largely from a complex legal case that pits big coal companies against local property owners...
  • U.S. surges past Saudis to become world's top oil supplier -PIRA

    10/15/2013 6:16:21 PM PDT · by markomalley · 21 replies
    Reuters ^ | 10/15/2013
    The United States has overtaken Saudi Arabia to become the world's biggest oil producer as the jump in output from shale plays has led to the second biggest oil boom in history, according to leading U.S. energy consultancy PIRA. U.S. output, which includes natural gas liquids and biofuels, has swelled 3.2 million barrels per day (bpd) since 2009, the fastest expansion in production over a four-year period since a surge in Saudi Arabia's output from 1970-1974, PIRA said in a release on Tuesday. It was the latest milestone for the U.S. oil sector caused by the shale revolution, which has...
  • U.S. expected to be largest producer of petroleum and natural gas hydrocarbons in 2013

    10/06/2013 12:51:25 AM PDT · by 2ndDivisionVet · 64 replies
    US Department of Energy ^ | October 4, 2013 | Hannah Breul and Linda Doman
    Source: U.S. Energy Information Administration Note: Petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids, including biofuels. Barrels per day oil equivalent were calculated using a conversion factor of 1 barrel oil equivalent = 5.55 million British thermal units (Btu). The U.S. Energy Information Administration estimates that the United States will be the world's top producer of petroleum and natural gas hydrocarbons in 2013, surpassing Russia and Saudi Arabia. For the United States and Russia, total petroleum and natural gas hydrocarbon production, in energy content terms, is almost evenly split between petroleum and natural...
  • What Are The Ramifications of the U.S. Newly Emergent Status As World's Largest Oil,Gas Producer?

    10/06/2013 3:34:32 AM PDT · by lbryce · 38 replies
    Free Republic:October 6, 2013-U.S. Expected To Be Largest Producer of Petroleum and Natural Gas Hydrocarbons in 2013What are the ramifications of America's newly emergent status as the world's largest producer of petroleum and natural gas hydrocarbons in 2013?The conventional wisdom of America's preeminent status as global superpower being on the wane is a consensus difficult to deny even if one were to take the current wholly corrupt, dysfunctional, inept leadership out of the equation. It may very well be that the US economy has been irrevocably diminished, the reality of which would certainly take a toll on America's influence and...
  • Report from the 'War on Coal'

    09/24/2013 2:55:49 PM PDT · by neverdem · 14 replies
    American Thinker ^ | September 23, 2013 | S. Fred Singer
    A major project has been quietly underway, within the executive branch of the U.S. government, trying to calculate a "social cost of carbon" (SCC) -- a so-called "non-market externality" (i. e., not captured by the normal price system of a free market). This calculated cost would then be imposed on all government programs in order to "fix" the price system -- so they say. The SCC report was published in May 2013, with little fanfare; public comments had to be submitted by Sept. 16. But this whole misconceived exercise has no valid scientific basis and can destroy the supply of...
  • Obama Moves to Limit Power-Plant Carbon Pollution

    09/20/2013 4:03:39 PM PDT · by Innovative · 26 replies
    ABC News ^ | Sept 20, 2013 | DINA CAPPIELLO, AP
    Linking global warming to public health, disease and extreme weather, the Obama administration pressed ahead Friday with tough requirements to limit carbon pollution from new power plants, despite protests from industry and Republicans that it would dim coal's future. Under the law once the Environmental Protection Agency controls carbon at new plants, it will also control carbon at existing plants — a regulation the agency said Friday it would start work on immediately to meet a June 2014 deadline. The revised standards, the company said in a statement, "essentially eliminate coal as a future generation option."
  • Saudi prince...Fracking could put OPEC out of Business

    09/14/2013 6:44:29 PM PDT · by Red Statements · 47 replies
    Examiner,com ^ | July 29th, 2013 | Steven H Ahle
    Prince Alwaleed bin Talal said that fracking in the US has lessened demand for their oil, and that they need to begin to find other income sources. In a letter to oil minister, Ali al Naimi and other top government officials, Alwaleed said that fracking was responsible for the declining demand for oil from OPEC. Alwaleed recommends that the oil rich country, should diversify immediately before the impact gets to be out of hand. He says that the Saudi's dependence on oil income is, "a truth that has really become a source of worry for many".
  • Obama’s climate change plan tackles power plants — not refineries

    06/25/2013 5:14:35 AM PDT · by thackney · 9 replies
    Fuel Fix ^ | June 25, 2013 | Jennifer A. Dlouhy
    President Barack Obama on Tuesday is set to unveil a sweeping plan to combat climate change, including setting in motion the stalled first limits on greenhouse gas pollution from existing power plants and accelerating renewable projects on federal lands. During a speech at Georgetown University, Obama also is expected to announce an $8 billion loan guarantee program to support investments in advanced fossil energy technologies and efficiency projects, including carbon capture and sequestration systems that hold the promise of cleaning up coal-fired power. Obama’s move delivers on his second-term inaugural vow to tackle climate change and his State of the...
  • Obama Set To Announce Historic Climate Change Plan, With New Regulation Of Power Plants

    06/25/2013 5:58:50 AM PDT · by GlockThe Vote · 73 replies
    BI ^ | 6/25/2013 | Josh Lederman
    WASHINGTON (AP) — Taking climate change efforts into his own hands, President Barack Obama is proposing sweeping steps to limit heat-trapping pollution from coal-fired power plants and to boost renewable energy production on federal property. Obama, in a speech Tuesday at Georgetown University, was to announce he's issuing a presidential memorandum to launch the first-ever federal regulations on carbon dioxide emitted by existing power plants, moving to curb the gases blamed for global warming despite adamant opposition from Republicans and some energy producers.
  • Greens: Massive civil disobedience if Obama OKs Keystone pipeline

    04/22/2013 3:48:51 PM PDT · by markomalley · 45 replies
    The Washington Times ^ | 4/22/2013 | Ben Wolfgang
    As the White House moves ever so slowly toward a decision on the Keystone XL pipeline, some environmental groups used Monday — Earth Day — to remind the president that approval of the massive project would carry real consequences. “You’ll see … the biggest spread of peaceful civil disobedience in modern American history,” said Becky Bond, political director of the liberal activist group Credo. The organization has been among the loudest opponents of the proposed pipeline, which would carry oil sands from Alberta, Canada, south through the U.S. heartland to refineries on the Gulf Coast. Credo helped organize a San...
  • Obama’s Energy nominee: We need carbon tax to double or triple energy cost

    03/25/2013 2:34:34 PM PDT · by Nachum · 35 replies
    Examiner ^ | 3/25/13 | Joel Gehrke
    President Obama’s Energy secretary nominee regards a carbon tax as one of the simplest ways to move the energy industry towards clean technologies, though he notes that government would have to come up with a plan to mitigate the burden this tax places on poor people, who would pay the most. “Ultimately, it has to be cheaper to capture and store it than to release it and pay a price,” MIT professor and Energy nominee Ernest Moniz told the Switch Energy Project in an interview last year. “If we start really squeezing down on carbon dioxide over the next few...
  • Obama: Meh, the Keystone pipeline won’t really create jobs, you know

    03/14/2013 11:15:45 AM PDT · by SeekAndFind · 15 replies
    Hotair ^ | 03/14/2013 | MARY KATHARINE HAM
    House Republicans' big meeting with President Obama on the Hill yesterday didn't yield any sudden changes of heart on reaching some kind of big deficit bargain (shocking, considering how pure and straightforward I'm sure the president's motives were, hem hem), but the president also kept his cards close to the vest on energy and how his administration is going to play the Keystone pipeline when Republicans pushed him on it. The White House insists that he didn’t provide any clues as to which way internal deliberations are leaning, but he did take a moment to rag on the economic benefits...
  • Washington Turns Science to Science Fiction

    02/16/2013 12:34:05 PM PST · by Kaslin · 12 replies
    Townhall.com ^ | February 16, 2013 | Rich Tucker
    “If you build it,” an Iowa corn farmer was told in the movie Field of Dreams, “they will come.” That worked out so well for all concerned that the federal government is reviving the approach, with some slight edits. “If we mandate it, the science will come,” seems to be Washington’s motto. Instead, government has ended up replacing science with, well, fiction. Consider the push for renewable fuels. It’s easy to see why lawmakers would want to encourage Americans to grow energy rather than dig it out of the ground. But in their eagerness to create an industry, lawmakers...
  • President Obama Gets It: Fracking Is Awesome

    02/13/2013 5:56:43 AM PST · by thackney · 20 replies
    Forbes ^ | 2/12/2013 | Christopher Helman
    In his State of the Union address tonight President Obama said: “After years of talking about it, we are finally poised to control our own energy future. We produce more oil at home than we have in 15 years. We have doubled the distance our cars will go on a gallon of gas, and the amount of renewable energy we generate from sources like wind and solar – with tens of thousands of good, American jobs to show for it. We produce more natural gas than ever before – and nearly everyone’s energy bill is lower because of it.” Yes...
  • Toyota and Nissan Shift From Electric Vehicles; Death Knell for Chevy Volt?

    02/05/2013 9:26:42 AM PST · by jazusamo · 67 replies
    NLPC ^ | February 5, 2013 | Mark Modica
    According to Toyota Vice Chairman Takeshi Uchiyamada, "Because of its shortcomings - driving range, cost and recharging time - the electric vehicle is not a viable replacement for most conventional cars; we need something entirely new." Uchiyamada is considered the "father of the Prius." An article by Reuter's exposes the limitations of EVs and focuses on Toyota's, along with Nissan's, change in strategy, which is now moving away from EVs. Even the most ideological and extreme green energy proponents and backers of the Chevy Volt will have to open their eyes to the sad truth uncovered by the latest report....
  • Entergy investigating Super Bowl blackout

    02/04/2013 9:41:44 AM PST · by thackney · 30 replies
    Fuel Fix ^ | February 4, 2013 | Zain Shauk
    The Super Bowl power outage on Sunday happened after electrical monitoring equipment “sensed an abnormality in the system,” according to the power provider for the Mercedes-Benz Superdome. Entergy, which provides power to the Superdome, along with 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas, said in a statement Monday that the change triggered a partial electrical shutdown. Entergy’s service area includes 400,000 customers in southeast Texas, including homes in Beaumont, Port Arthur, The Woodlands, Huntsville and Conroe. The only customer affected by the problem was the Superdome, Entergy spokesman Michael Burns told FuelFix. “Shortly after the beginning of...
  • Energy Secretary Steven Chu resigns; led green energy push

    02/01/2013 10:57:25 AM PST · by illiac · 58 replies
    Associated Press ^ | 2/1/13 | AP
    WASHINGTON — Energy Secretary Steven Chu, who won a Nobel Prize in physics but came under questioning for his handling of a solar energy loan, is stepping down. Chu offered his resignation to President Barack Obama in a letter Friday. He said he will stay on at least until the end of February and may stay until a successor is confirmed. Chu’s departure had been widely expected and follows announcements by Interior Secretary Ken Salazar, Environmental Protection Agency chief Lisa Jackson and Jane Lubchenco, head of the National Oceanic and Atmospheric Administration, that they are leaving.
  • Outgoing Energy Secretary Defends Administration's “Green Investments”

    02/02/2013 9:44:31 AM PST · by John Semmens · 2 replies
    Semi-News/Semi-Satire ^ | 2 Jan 2013 | John Semmens
    Secretary of Energy Steven Chu announced his resignation from the Obama Administration this week. Chu had clashed frequently with critics of Obama's so-called green investment approach. He took the occasion of his pending departure to fire off a final volley at these critics. “Much as these people would like to portray the bankruptcies of a large number of recipients of government aid as a failure of the Administration's green investment policy, they are wrong,” Chu maintained. “Take the Solyndra Company as a example. The contention is that the $500 million we invested in this now bankrupt company was a waste...
  • Obama Chickens Out, Says A Million EVs By 2015 Not Important

    01/31/2013 6:57:09 PM PST · by nascarnation · 11 replies
    The Truth About Cars ^ | 1/31/2013 | Bertel Schmitt
    Today must be International Backpedaling Day. Obama says: “Never mind a million EVs by 2015.” Under a new strategy announced today, the Department of Energy promised to support research into new battery technologies and manufacturing methods that would lower the cost of lightweight materials and improve vehicles’ fuel-efficiency, Reuters reports. But the DOE backpedals furiously from a goal set out in a 2011 State of the Union speech, where President Barack Obama announced what he called “Apollo projects of our times.” One of them was the goal for the United States to be “the first country to have a million...
  • Oil Guru Destroys All Of The Hype About America's Energy Boom

    01/21/2013 7:21:50 PM PST · by blam · 42 replies
    TBI ^ | 1-21-2013 | Rob Wile
    Oil Guru Destroys All Of The Hype About America's Energy Boom Rob WileJan. 20, 2013, 10:20 AM Not everyone believes the U.S. is capable of becoming energy independent thanks to its shale oil and gas reserves, as the International Energy Association suggested recently. The math just doesn't work out, they say — America consumes too much. But some are even more skeptical than that. Arthur Berman, an oil analyst with Labyrinth Consulting Services, says the promise of America's shale reserves have been vastly overstated. His main argument: shale is too expensive to drill, and shale wells usually don't last longer...
  • Possible Oil Shale in South Dakota

    01/07/2013 12:43:12 AM PST · by 2ndDivisionVet · 9 replies
    KFYR-TV ^ | December 14, 2012 | Jennifer Joas
    After horizontal drilling and hydraulic fracturing cracked open the Bakken formation and exposed hundreds of barrels of oil per day, the appeal of oil is growing across the country. South Dakota is one state that believes it may have an oil formation, so a state geologist is trying to attract companies to travel south. South Dakota wants more than four famous faces. The state geologist believes they may have undiscovered oil. "We are looking at the old historic data and were seeing these reports of tight formations that had oil in them, but they blew them off as not being...
  • Feds phase out more light bulbs in 2013

    01/01/2013 6:20:01 AM PST · by Red in Blue PA · 66 replies
    HOUSTON -- At the Light Bulb Depot near his home in The Heights, Randy Gingrich just bought another batch of florescent bulbs. “Since I started three years ago, I haven’t replaced a compact fluorescent yet,” he says. “So I’m happy with that.” “In my ceiling fans, each one of mine has four lights,” says Allen Tabb, who’s been selling light bulbs for 16 years. “So instead of using 240 watts of electricity, I only use 60 watts of electricity. And I get the same light output.” Sure, fluorescent bulbs are more expensive than old-fashioned incandescent bulbs and some people complain...
  • GM rolls out new electric mini-car at LA Auto Show [Doubling Down on Failure]

    11/27/2012 8:17:04 AM PST · by Red Badger · 85 replies
    AP ^ | 11-27-2012 | By DEE-ANN DURBIN
    DETROIT (AP) -- General Motors is giving its Chevrolet Spark a jolt of electricity. An all-electric version of the mini-car will debut this week at the Los Angeles Auto Show. It goes on sale this summer in California, Oregon, Canada and South Korea, where it's made. Other markets will follow. Unlike the Chevrolet Volt sedan, which can run in all-electric mode but also has a backup gas engine, the Spark EV is a pure electric. GM won't say how far the car will go on a charge, but says it will be a top performer among the small number of...
  • Coal company announces layoffs in response to Obama win

    11/09/2012 4:13:08 PM PST · by tobyhill · 32 replies
    cnn money ^ | 11/9/2012 | By James O'Toole
    A coal company headed by a prominent Mitt Romney donor has laid off more than 160 workers in response to President Obama's election victory. Murray Energy said Friday that it had been "forced" to make the layoffs in response to the bleak prospects for the coal industry during Obama's second term. In a prayer circulated by the company, CEO Robert Murray said Americans had voted "in favor of redistribution, national weakness and reduced standard of living and lower and lower levels of personal freedom."
  • With Obama’s re-election, doubts remain about future of Keystone pipeline

    11/08/2012 7:24:14 AM PST · by thackney · 10 replies
    Calgary Herald ^ | NOVEMBER 8, 2012 | James Wood
    As Canadian political and business leaders expressed optimism the proposed Keystone XL pipeline will win approval under a re-elected President Barack Obama, environmental opponents and the U.S. ambassador to Canada cautioned the energy megaproject isn’t a slam dunk. Obama’s Republican challenger, Mitt Romney, had vowed quick approval of the $7.6-billion pipeline if he had won Tuesday’s presidential election. But Obama, who earlier this year rejected TransCanada Corp.’s initial application because it needed more environmental review, has remained noncommital about the fate of the line, which would ship Alberta oilsands product to the U.S. Gulf Coast. In Ottawa, federal Natural Resources...
  • Obama saved the OIL industry! Colin Powell commercial

    11/03/2012 5:11:29 AM PDT · by finnsheep · 36 replies
    Vanity
    Yesterday - not sure if it ran on CBS NY or CNN, a commercial ran with Colin Powell endorsing Obama - - like this one http://www.youtube.com/watch?v=DZG9Q0sdzfw Only in this one Powell claims Obama saved the Oil industry instead of the auto industry. I couldn't believe it the first time so paid very close attention the second time. Oil industry!! Tooo bizarre. I was so shocked I didn't notice who sponsored the commercial.
  • High Gasoline Prices and the 2012 Recession, Part I

    10/28/2012 8:04:47 PM PDT · by NaturalBornConservative · 6 replies
    Natural Born Conservative ^ | October 28, 2012 | Larry Walker Jr
    Truth is not easily hidden.- By: Larry Walker, Jr. -Conventional retail gasoline averaged $3.65 a gallon in the most recent week ended October 22, 2012, yet when Barack Obama was sworn into office the price averaged $1.88. When questioned about the 94.2% increase which occurred on his watch, Mr. Obama remarked that the reason gasoline prices were so low when he entered office was because the U.S.was “in the middle of an economic depression.” However, the question wasn’t why prices were so low when he entered office, but rather why they ballooned by 94.2% on his watch. We’re still awaiting...
  • Gas Prices Are Up Because of Obama's Offshore Ban

    10/19/2012 7:47:33 AM PDT · by Kaslin · 10 replies
    Townhall.com ^ | October 19, 2012 | Phil Kerpen
    In the Hofstra presidential debate, President Obama said: "when I took office, the price of gasoline was $1.80. Why is that? Because the economy was on the verge of collapse." Wrong. Prices collapsed because we signaled to the world that we were finally moving forward with developing America's massive offshore oil and gas resources - and they shot back up when Obama reimposed the offshore ban. Obama's ridiculous story that the doubling of gasoline prices under his watch is a result of economic recovery doesn't fit the facts. According the National Bureau of Economic Research, responsible for officially designating...
  • Obama faces dilemma over gas prices as presidential campaign hits homestretch

    10/14/2012 4:12:50 PM PDT · by markomalley · 32 replies
    The Hill ^ | 10/14/12 | Ben Geman
    President Obama faces a dilemma as Mitt Romney bashes him over high gasoline prices in the final weeks of their close race. Obama must decide whether to address the attacks head-on, or stay the course on a messaging strategy that has recently been addressing prices indirectly. Democratic strategists and other experts argue that three weeks before voters go to the polls, Obama should steer clear of big messaging or policy pivots on gas prices. “Bringing the issue up this close to Election Day would be self-defeating at this point,” said Paul Bledsoe, an independent consultant who was a climate change...
  • Obama to Coal Miners: “McDonalds is Hiring!”

    10/14/2012 6:28:26 PM PDT · by Snuph · 22 replies
    Canada Free Press ^ | October 4, 2012 | William Kevin Stoos
    Another Hugh Betcha Exclusive Obama, the first President in history to declare war on the coal industry and who vowed to put the industry out of business, was curiously confident that every union coal miner would vote for him in the upcoming Presidential election—despite the fact that in doing so, they were putting themselves out of a job. And Hugh Betcha, Ace Reporter and winner of MSNBC’s “Most Honest Reporter in America” award, 2012 was there. Hugh, the Head of the Stoos Views Media Conglomerate Natural Resources Bureau, and old friend of the President, and a reporter who enjoys special...
  • Michigan Agency Removes Video of Obama, Top Dems Praising Failed Battery Company

    10/10/2012 9:00:35 AM PDT · by MichCapCon · 15 replies
    Michigan Capitol Confidential ^ | 10/10/2012 | Jarrett Skorup
    In the fall of 2010, the Michigan Economic Development Corp. — the state's "corporate welfare” arm — uploaded a video to YouTube highlighting the battery manufacturer A123 Systems. At the time, the company was promoted heavily by President Barack Obama, U.S. Secretary of Energy Steven Chu, former Michigan Gov. Jennifer Granholm and U.S. Sens. Carl Levin and Debbie Stabenow. Since then, A123 has shed money, laid off half its workforce, recalled products and seen its stock price plummet to about 26 cents this week from a previous high of $26. Now, just two years after the initial roll-out, A123 is...
  • Obama: Green energy not ‘socialist plot’

    10/08/2012 9:09:14 AM PDT · by Sub-Driver · 60 replies
    Obama: Green energy not ‘socialist plot’ By Ben Geman - 10/08/12 09:59 AM ET President Obama quipped Sunday night that energy efficiency initiatives are not a “socialist plot” in remarks that contrasted his energy policies with rival Mitt Romney’s. The president, fundraising in Los Angeles, addressed energy during a $25,000-per-plate dinner with backers that included actor George Clooney. “On energy, I’m big on oil and gas, and developing clean coal technology, but I also believe that if we’re ever going to have control of our energy future, then we’ve got to invest in solar and wind and biofuels, and that...