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Keyword: bigoil

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  • Looking for the Next Oil Boom? Follow the Tech

    07/15/2014 11:36:04 AM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 15/07/2014 | James Stafford
    Much larger than Eagle Ford and once thought to have reached peak production, new technology has brought us full circle back to the Permian Basin in Texas and New Mexico, where the recent shift to horizontal well drilling has rendered this play the unconventional ground zero. Determining where the next real oil boom will be depends largely on following the technology, and while the Permian Basin has been slower than others to switch from vertical well drilling to horizontal drilling, horizontal has now outpaced vertical, and investors are lining up to get in on the game. Until about 12 years...
  • Canada pulls the plug on the U.S. Keystone Pipeline – will send oil to Asia

    06/29/2014 8:53:56 AM PDT · by rktman · 54 replies
    wattsupwiththat.com ^ | 6/28/2014 | Anthony Watts
    H/T Eric Worrall and Breitbart – Obama’s inability to make a decision on Keystone has finally yielded a result – Canada has made the decision for him. Breitbart reports Canada has just approved the Enbridge Northern Gateway Project – a major pipeline to ship Canadian oil to Asia. The Canadian oil will still be burnt – in Asia, instead of America. All the jobs and energy security which Canadian oil could have delivered to America, will instead be delivered to Asia.
  • Hollywood celebrities caught on hidden camera accepting money from "Middle Eastern oil interests"

    05/21/2014 5:57:57 AM PDT · by Beave Meister · 36 replies
    YouTube ^ | 5/20/2014
    CANNES -- In a blockbuster new video, Project Veritas has exposed the truth about the dark funding behind Hollywood's anti-fracking messaging machine. New York Times Bestselling Author and Project Veritas founder and president James O'Keefe debuted the latest investigation at a "premiere" in Cannes, France on Wednesday. In the investigation, an undercover journalist from Project Veritas posed as a member of a Middle Eastern oil dynasty and offered $9 million in funding to American filmmakers to fund an anti-fracking movie. In video from a meeting with Ed Begley Jr., Mariel Hemingway and Josh Tickell, a Project Veritas investigator disguised as...
  • Does 1979 newspaper column shed light on 2008 campaign story? (Obama funding)

    09/23/2012 3:07:39 PM PDT · by CutePuppy · 38 replies
    Daily Inter Lake ^ | Septwmber 22, 2012 | Frank Miele
    Searching old newspapers is one of my favorite pastimes, and I have tried to use them many times to shed light on current events - or to inform readers about how the past is prologue to our very interesting present-day quandaries. Recently, I came across a syndicated column from November 1979 that seemed to point 30 years into the future toward an obscure campaign issue that arose briefly in the 2008 presidential campaign. Though by no means definitive, it provides an interesting insight, at least, into how Chicago politics intersected with the black power movement and Middle Eastern money at...
  • Why Big Oil Isn't Cheering Higher Oil Prices

    05/14/2014 7:51:31 PM PDT · by ckilmer · 14 replies
    fool.com ^ | May 14, 2014 | Travis Hoium
    Why Big Oil Isn't Cheering Higher Oil Prices By Travis Hoium | More Articles | Save For Later May 14, 2014 | Comments (0)   U.S. stock markets are in a gradual decline today, with the Dow Jones Industrial Average (DJINDICES: ^DJI  ) down 0.6% in late trading as traders sold equities and bought gold and oil. The shiny metal was up $10 in afternoon trading to $1,305 per ounce and oil was up to $102.19 per barrel.You may think higher oil prices would have Big Oil cheering today, but Dow components ExxonMobil (NYSE: XOM  ) and Chevron (NYSE: CVX  ) are respectively...
  • Biggest lobbying firm in DC caught in Ecuador mess, pays $15 million settlement to Chevron

    05/09/2014 6:45:35 AM PDT · by rktman · 2 replies
    Americanthinker.com ^ | 5/9/2014 | Thomas Lifson
    It must have sounded like a great idea at the time for Patton Boggs, the DC law firm/lobbying powerhouse (annual lobbying revenues: $40 million) to enter into a deal to help Ecuadorian plaintiffs and their American lawyer Steven Donziger to collect billions of dollars in judgments handed down by an Ecuadorian court against Chevron, with the firm’s own share running into hundreds of millions of dollars, if successful. The case had attracted the attention of the jet set left and stars like Sharon Stone, after all.
  • US To Tap Strategic Petroleum Reserve

    03/13/2014 11:20:50 AM PDT · by Cletus.D.Yokel · 96 replies
    The Obama administration will release 5 million barrels of sour crude from the United States’ emergency stockpile in what officials described as a “test” of the nation’s ability to respond to oil supply disruptions around the globe.
  • "Big Oil" Production Decline 'Big oil' getting smaller as production keeps falling

    02/15/2014 7:08:12 PM PST · by ckilmer · 32 replies
    platts ^ | February 14, 2014 | Richard Swann in London
        'Big oil' getting smaller as production keeps falling  February 14, 2014 - Richard Swann in London  * Top seven western majors all seeing liquids output fall * Supermajors' share of global market dropping every year * BP reports fastest decline of 30% from 2009-13 * Production becoming more evenly split between oil and gas The biggest western oil companies are continuing to see their oil output decline, despite record investment in recent years spurred by sustained crude prices in excess of $100/barrel, according to data released by the companies. Furthermore, with total world oil output continuing to rise every year,...
  • Oilprice.com links COT and new energy breakthrough

    03/09/2013 5:35:57 AM PST · by Kevmo · 20 replies
    LENR Forum ^ | March 8, 2013 | Torkel Nyberg
    Översätt] Oilprice.com links COT and new energy breakthrough -------------------------------------------------------------------------------- In Why Are the Big Financial Institutions Selling Oil BIG?, Oilprice.com author Torkel Nyberg links oil and low-energy nuclear reactions (LENR) in his analysis of a recent Commitment of Traders (COT) reports. It is a provocative thesis of his that the largest of corporations and financial institutions have inside knowledge of a breakthrough in LENR .... From the article: At some point during the fall of 2010 there was a large policy shift in hedging crude oil on the NYMEX futures exchange by the big banks and the oil companies. Up...
  • Petrobras gets permit for U.S. deep waters

    03/23/2011 9:59:17 AM PDT · by Lucky9teen · 56 replies
    WASHINGTON, March 18 (UPI) -- Washington has given Petrobras America Inc. permission to start oil and gas production in the Gulf of Mexico, a regulator said. The Bureau of Ocean Energy Management, Regulation and Enforcement gave Petrobras approval to use a floating production storage offloading facility at its Cascade-Chinook project in the Gulf of Mexico. The approval marks the first time FPSO technology will be used in U.S. waters of the Gulf of Mexico. The oil and gas project is about 165 miles off the coast of Louisiana in 8,200 feet of water. The FPSO has a production capacity of...
  • DUmmie FUnnies 02-22-13 (DUmmies Divided on Obama's Golf-Oil Links)

    02/22/2013 12:06:34 PM PST · by Charles Henrickson · 24 replies
    DUmmie FUnnies ^ | February 22, 2013 | DUmmies and Charles Henrickson
    The bloom is off Obamassiah's rose, I think. Some of the DUmmies are starting to see the Vacationer-in-Chief for what he is: a craven politician, beholden to Big Money, who talks a good game, rousing discontent against "the wealthiest among us," all the while stashing their cash in his back pocket. Witness this THREAD, "Obama played golf with oil giants during climate rally." Some of the DUmmies are bummed out. But many of them continue to back Our President, no matter what. I think the Obama worshipers still outnumber the hyper-progs who don't think he's leftist enough. But the...
  • Oodles of Single Men May Not Be as Awesome as You'd Think

    01/19/2013 7:44:27 PM PST · by MinorityRepublican · 72 replies
    The Slate ^ | Wednesday, Jan. 16, 201 | Amanda Marcotte
    Young, single ladies: America is worried about you. You just keep going to college, moving to urban areas after graduation and finding yourselves outnumbering, sometimes dramatically, the available men of your demographic. How will you ever get married? How will you ever go from being the subject of one kind of magazine cover to being the subject of another? Clearly the best thing to do is stay back on the farm to live in a male-dense rural area, where the marriageable boys are there for your picking. Or it was, until Tuesday, when an enterprising New York Times journalist named...
  • Current TV Staffers Blast ‘Bulls---ter’ Al Gore for Selling Out to Big Oil

    01/08/2013 1:26:51 PM PST · by servo1969 · 25 replies
    http://newsbusters.org ^ | January 08, 2013 | Matthew Sheffield
    Former vice president Al Gore, newly flush with cash from his sale of his Current TV to Al Qaeda's favorite TV channel, Al Jazeera, did not even bother to show up for the first meeting between the Current staff and the new ownership. New York Post TV critic Linda Stasi has the story: Yesterday morning, the still shell shocked staff at Current TV was called to an all hands staff meeting at its San Francisco headquarters, which was teleconferenced to their offices in LA and NYC, to meet their new bosses. That would be two of Al Jazeera’s top guys:...
  • Obama Strengthens George Soros' Oil Interests In Brazil

    03/21/2011 9:02:51 AM PDT · by george76 · 23 replies
    check ^ | 3/18/11 | Dr B
    Obama left his lush golf get-aways and NAACP basketball sprees to depart for a Brazilian vacation. ... Obama abandoned the victims of genocide in Libya to help America's oil opposition. Why? Out with Western oil, in with Russian and Brazilian oil. Is it just coincidence that George Soros sold his Western oil stock and bought stock in Russia and Brazilian oil companies, about three months ago ? ... Last March, Soros invested in airport screeners. How did he know to do that? Insider info!
  • Kerry Has Investments in Companies Accused of Violating Iran Sanctions

    12/21/2012 10:50:39 AM PST · by Sub-Driver · 22 replies
    Kerry Has Investments in Companies Accused of Violating Iran Sanctions Daniel Halper December 21, 2012 12:59 PM John Kerry, who will be nominated later today to be the next secretary of state, is the richest member of the U.S. Senate. His estimated net worth is, at minimum, $198.65 million, according to disclosure forms. Kerry's disclosure forms also reveal that he has invested in companies accused of doing business with Iran. One of the companies Kerry is invested in is called Petroleo Brasileiro SA Petrobras (Petrobras), it's a Brazilian-based oil and gas corporation. Disclosure forms reveal that Kerry has between $150,000...
  • Arctic sea ice thaw may be accelerated by oil, shipping

    09/18/2012 4:56:42 PM PDT · by Coleus · 8 replies
    OSLO, Sep. 18, 2012 (Reuters) — Local pollution in the Arctic from shipping and oil and gas industries, which have expanded in the region due to a thawing of sea ice caused by global warming, could further accelerate that thaw, experts say. The United Nations Environment Program (UNEP) said there was an urgent need to calculate risks of local pollutants such as soot, or "black carbon", in the Arctic. Soot darkens ice, making it soak up more of the sun's heat and quickening a melt. Companies such as Shell, which this week gave up a push to find oil this...
  • Exclusive: White House dusting off plan for potential oil release

    08/16/2012 11:51:42 AM PDT · by Free ThinkerNY · 31 replies
    Reuters ^ | August. 16, 2012 | Jeff Mason
    (Reuters) - The White House is "dusting off old plans" for a potential release of oil reserves to dampen rising gasoline prices and prevent high energy costs from undermining the success of Iran sanctions, a source with knowledge of the situation said on Thursday. U.S. officials will monitor market conditions over the coming weeks, watching whether gasoline prices fall after the September 3 Labor Day holiday, as they historically do, the source said. It was too early to say how big a drawdown would be from the U.S. Strategic Petroleum Reserve and, potentially, other international reserves if a decision to...
  • Opinion: War over the Arctic?

    08/03/2012 8:20:59 PM PDT · by Coleus · 6 replies
    The Record ^ | 08.02.12 | Gwynne Dyer
    RUSSIAN television contacted me last night asking me to go on a program about the race for Arctic resources. The ice is melting fast, and it was all the usual stuff about how there will be big strategic conflicts over the seabed resources – especially oil and gas – that become accessible when it’s gone. The media always love conflict, and now that the Cold War is long gone, there’s no other potential military confrontation between the great powers to worry about. Governments around the Arctic Ocean are beefing up their armed forces for the coming struggle, so where are...
  • Ever notice how the Arab oil interests control our economy?

    05/07/2012 5:14:29 AM PDT · by Milagros · 14 replies
    Subject: Ever notice how the Arab oil interests control our economy? Author: Chris Kloss Date: 13 Jul 2009 IMHO, if the price of oil had remained low, the financial crisis would have been of short duration. Oil price affects just about everything in our economy, not just gasoline for cars. A rapid increase in the price of oil requires a reallocation of the money people and businesses spend. Businesses must raise prices and, one result of this might be a lower demand. Businesses need more money to replace inventory. Persons and businesses on the edge cannot meet their financial obligations....
  • New Bill Proposes To Extend Wind Energy PTC, Slash Oil Subsidies

    05/01/2012 10:21:24 PM PDT · by smokingfrog · 11 replies
    nawindpower.com ^ | 1 May 2012 | Laura DiMungo
    A group of Democrats in the U.S. House of Representatives has introduced new legislation that would extend a number of incentives for wind power and other forms of renewable energy while stripping subsidies for fossil fuels. The bill - Investing to Modernize the Production of American Clean Energy and Technology (IMPACT Act) - introduced by Reps. Ed Markey, D-Mass.; Henry Waxman, D-Calif.; John Larson, D-Conn.; Earl Blumenauer, D-Ore.; and Bill Pascrell Jr.; D-N.J. - proposes an eight-year extension to the production tax credit (PTC) for wind, solar, geothermal, biomass, landfill gas, hydropower, and marine and hydrokinetic power production. Notably, however,...
  • Why Is The White House Protecting EPA Official Who Would 'Crucify' Big Oil?

    04/27/2012 11:18:15 AM PDT · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 26 April 2012 | Editorial
    Abuse Of Power: An EPA official who apparently made good on a threat to "crucify" an oil company to make the entire energy industry "easy to manage" should resign or be fired. So why is the White House protecting him? EPA regional administrator for Dallas Al Armendariz told a city council meeting in a taped speech two years ago that his "philosophy" of enforcement was to single out an oil company, punish it "as hard as you can," and make an example of it to scare others into submission. "The Romans used to conquer little villages in the Mediterranean," said...
  • EPA Official's 'Philosophy' On Oil Companies: 'Crucify Them'

    04/26/2012 5:22:08 AM PDT · by NRA1995 · 31 replies
    CNS News ^ | 4/25/12 | Craig Bannister
    Sen. James Inhofe (R-OK) took to the Senate floor today to draw attention to a video of a top EPA official saying the EPA’s “philosophy” is to “crucify” and “make examples” of oil and gas companies - just as the Romans crucified random citizens in areas they conquered to ensure obedience. Inhofe quoted a little-watched video from 2010 of Environmental Protection Agency (EPA) official, Region VI Administrator Al Armendariz, admitting that EPA’s “general philosophy” is to “crucify” and “make examples” of oil and gas companies. In the video, Administrator Armendariz says: “I was in a meeting once and I gave...
  • OBAMA AND THE OIL COMPANIES

    04/24/2012 5:54:50 AM PDT · by shortstop · 9 replies
    boblonsberry.com ^ | 04/24/12 | Bob Lonsberry
    It's the oil companies, Obama says. If only the oil companies paid their fair share. If only we stopped the tax breaks. If only we made them pay. That was his topic over the weekend on his radio address. Unfortunately, like almost everything out of his mouth, it was a lie. Yes, a lie. When you distort reality in order to deceive and manipulate people, that is a lie. And of late, the sad fact is that the president of the United States is a serial liar. There is almost no honesty in anything he says, and every speech is...
  • Sherrod Brown lies about oil company "subsidies"

    04/21/2012 4:36:22 AM PDT · by reaganator · 19 replies
    Ohio U.S. Senator Sherrod Brown's comment on reducing the federal deficit, his number one point; "Cut $20 billion in spending by ending taxpayer-funded subsidies for the five biggest oil companies. The Big Five oil companies made a record $137 billion in profits last year and made more than $1 trillion in profits over the last decade. Every penny more at the pump increases their profits by another $200 million. Meanwhile, taxpayers spend billions each year giving handouts to these mega-corporations. I'm fighting to pass the Close Big Oil Tax Loopholes Act, which would end tax subsidies for big oil companies...
  • White House Stunned By Argentine Oil Expropriation

    04/17/2012 4:52:30 PM PDT · by Kaslin · 31 replies
    IBD Editorials ^ | April 17, 2012
    Diplomacy: After a weekend of cavorting in Colombia, the White House was caught flat-footed by Argentina's takeover of a big oil company whose loss will hike gas prices, harm Spain and slam U.S. investors. Lucky us. Never was a response to a global outrage more mealy-mouthed than the one from the U.S. after Argentina's President Cristina Fernandez de Kirchner, standing under a portrait of Evita Peron, announced a brazen grab for YPF, the Argentine oil company that's 57% owned by Spain's Repsol. Markets fell, world leaders denounced the violation of contracts and economically battered Spain rallied European Union support. But...
  • Big Oil Profits Aren’t Excessive — The Left's Rhetoric Is

    04/04/2012 4:21:59 AM PDT · by SeekAndFind · 39 replies
    IBD ^ | 04/04/2012
    One of the most effective arguments used against the oil industry is that it earns "excessive" profits that must be taxed away. But as with the rest of the left's failed energy agenda, it's based on pure falsehoods. With prices for crude above $100 a barrel, it's no surprise the news media are fixated on oil companies' "record profits." Predictably, Democrats and others on the left use rising profits to bludgeon "Big Oil" and push more subsidies for money-losing "green energy" schemes while working to raise taxes and kill subsidies for oil. "When the price of oil goes up, prices...
  • Obama Kills Atlantic Offshore Drilling For Five Years

    03/30/2012 1:27:16 PM PDT · by trappedincanuckistan · 87 replies
    Big Government ^ | March 30, 2012 | John Sexton
    Yesterday the Obama administration announced a delaying tactic which will put off the possibility of new offshore oil drilling on the Atlantic coast for at least five years: The announcement by the Interior Department sets into motion what will be at least a five year environmental survey to determine whether and where oil production might occur.
  • Big Oil, Bigger Taxes

    03/15/2012 4:39:00 PM PDT · by RicocheT · 9 replies
    Wall Str Journal ^ | March 14, 2012 | REVIEW & OUTLOOK
    President Obama says he wants to end subsidies for what he calls "the fuel of the past," but lucky for him oil and gas will be the fuels of the future too. His budget-deficit blowout would be so much worse without Big Oil, because the truth is that this industry is subsidizing the government. Much, much worse, actually. The federal Energy Information Administration reports that the industry paid some $35.7 billion in corporate income taxes in 2009, the latest year for which data are available. That alone is about 10% of non-defense discretionary spending—and it would cover a lot of...
  • Obama: End tax breaks for oil companies

    03/17/2012 12:44:20 PM PDT · by bestintxas · 91 replies
    wash times ^ | 3/17/12 | d boyer
    President Obama said Saturday he can’t do much to lower gas prices, and renewed his call for Congress to end tax breaks for oil companies. “The truth is, the price of gas depends on a lot of factors that are often beyond our control,” Mr. Obama said in his weekly address. “Unrest in the Middle East can tighten global oil supply. Growing nations like China or India adding cars to the road increases demand.” The president didn’t mention one of the few direct actions he could take to try to lower gas prices in the short term — releasing oil...
  • The Lie - Big Oil Is Greedy

    03/17/2012 7:06:45 PM PDT · by street_lawyer · 9 replies
    The Constitution Journal ^ | March 17, 2012 | Frank J. Morelli
    It is all too easy to bellyache about the high price of oil and blame greedy big oil companies, with absolutely no proof. Shell oil earns about 2 cents and Exxon/Mobil earns about 5 cents per gallon at the pump. The fact that Exxon pays more in total taxes than it earns in profits makes them anything but greedy. Oil companies do not set prices, market supply and demand does, and anyone who disputes that fact is simply ignorant of how the economy actually works. That is of course when government is not setting the prices for commodities. Many liberals/progressives...
  • 'Even though it hurts me, it makes me feel good': Girl who can't stop drinking GASOLINE

    03/11/2012 5:14:39 PM PDT · by Free ThinkerNY · 49 replies
    Daily Mail ^ | March 11, 2012 | Daily Mail Reporter
    If smelling gasoline weren't a health hazard enough, meet the girl who drinks it. Lifting a red gas canister before the cameras, a girl named Shannon demonstrates her claimed addiction of drinking gasoline for TLC'S television program My Strange Addiction. 'It tingles at first and then it, it burns the back of my throat,' Shannon says describing her toxic habit which reaches up to 12 teaspoons a day. 'Even though it hurts me, it makes me feel good,' she says, of either licking the cap or drinking it straight out of the canister which she says is her favorite way.
  • Big Oil and Tax Breaks (Are Big Oil companies sucking money out of the Federal Treasury?)

    03/08/2012 6:44:09 AM PST · by SeekAndFind · 41 replies · 1+ views
    American Thinker ^ | 03/08/2012 | Randall Hoven
    To hear the president and Democrats talk, you'd think that Big Oil was sucking the Treasury dry with huge subsidies. Almost a year ago I wrote about the federal government's "subsidies" to Big Oil. I said then, "They are all tax 'breaks'... about $4.3 billion per year -- about 0.2% of this year's deficit and enough to fund about 10 hours of current US government spending." I was wrong. The tax breaks for all fossil fuels was not $4.3B in 2011. It was only $2.5B -- about 0.19% of that year's deficit, and enough to fund only six hours of...
  • RFK jr: Sen. Inhofe is a “Call Girl” for Big Oil (But it's OK to say it, he's a Democrat after all)

    03/07/2012 12:46:04 PM PST · by SeekAndFind · 19 replies
    Hotair ^ | 03/07/2012 | Jazz Shaw
    Before we begin, I'd like to pass around these complimentary throw pillows to put on your desks. I only do this because I'd hate to see you all injure your faces while smashing your head repeatedly into your keyboard.Fresh on the heels of various stories about inappropriate name calling, another heart warming story crops up in the news. And if this is any sort of indication as to what we can expect from Robert F. Kennedy Jr. in the months and years to come, this guy is going to be a national treasure for the GOP. Leave it to Robert...
  • Want a Guaranteed Job After College? Study This

    01/21/2012 7:59:10 PM PST · by SeekAndFind · 23 replies
    Fiscal Times ^ | 01/20/2012 | Kirsten Hayes
    While millions of college grads look forlornly into the worst U.S. job market in decades, Emily Woner pretty much guaranteed herself one of America's best-paid post-graduate jobs before she ever set foot on campus. Spurred by an early interest in following her father's footsteps into the oil sector, Woner secured a post-high school internship with Oklahoma City-based Devon Energy Corp. After summers spent riding seismic trucks in the Barnett shale, designing water pipelines in east Texas and helping model oil reservoirs in Wyoming, she's now a 22-year-old senior at the University of Tulsa waiting to take a job in one...
  • Drill, Cuba, Drill

    09/22/2011 4:55:50 PM PDT · by Kaslin · 20 replies
    IBD Editorials ^ | September 22, 2011 | Staff
    Energy Policy: Deep-water drilling will resume in the Florida Strait when a giant, semi-submersible oil rig en route from Singapore arrives later this fall. The bad news is it will not be American. While U.S. oil and energy prices "necessarily skyrocket," as President Obama once said they would under energy policies that have imposed a de facto ban on offshore drilling, a massive Chinese-built semi-submersible oil rig is on its way from Singapore to a drilling position off northwest Cuba perhaps as little as 50 miles from Key West, Fla. The long-predicted move could come as early as November, as...
  • Obama erases oil tax breaks in deficit plan

    09/19/2011 10:24:14 AM PDT · by jazusamo · 20 replies
    The Hill ^ | September 19, 2011 | Andrew Restuccia & Ben Geman
    President Obama is reviving his battle to kill oil-and-gas industry tax breaks and seeking billions of dollars in other energy-related revenues as part of his wider deficit-cutting and jobs proposals . The White House on Monday sent Congress a plan to pay for Obama’s $447 billion “American Jobs Act” and also cut the deficit by over $3 trillion in 10 years. Several of Obama’s energy tax proposals have sputtered in the past amid resistance from Republicans and oil-state Democrats. But they are part of a White House effort to sharpen the contrast between the president and Republicans over raising...
  • US Oil Giant Exxon Mobile Flees To Russia Over Obama Fears

    09/11/2011 8:13:42 PM PDT · by shove_it · 36 replies
    pakalertpress ^ | 10Sep 2011
    In what can only be described in the most astounding of terms, the Kremlin is reporting that the world’s largest corporation, American-based Exxon Mobil, has signed a deal with Russia allowing it to flee the United States in exchange for trading its vast oil and gas reserves in Texas and the Gulf of Mexico and gaining for itself exclusive drilling rights in the vast untapped regions of the Russian Arctic. According to these reports, Prime Minister Putin and Exxon Mobil Chairman, President and CEO Rex Tillerson oversaw the signing of this historic agreement brokered by Russian state-owned oil giant Rosneft....
  • The Plastic Sandwich Bag Flunks

    08/28/2011 5:27:23 PM PDT · by mathprof · 100 replies
    new york times ^ | 10/26/11 | STEPHANIE CLIFFORD
    Many retailers and schools are advocating waste-free options for back-to-school shoppers this year, especially when it comes to lunch. School lists call for Tupperware instead of Ziplocs, neoprene lunch bags instead of brown paper ones, and aluminum water bottles, not the throwaway plastic versions. Sales of environmentally friendly back-to-school products are up just about everywhere. At the Container Store, the increase is 30 percent over last year for some items, said Mona Williams, the company’s vice president of buying. “We have seen a huge resurgence,” she said. The trend makes the schools happy (much less garbage). It makes the stores...
  • The Man-Made Miracle of Oil from Sand: A dispatch from Alberta's oil sands

    08/17/2011 1:13:32 PM PDT · by neverdem · 11 replies
    Reason ^ | August 9, 2011 | Ronald Bailey
    Fort McMurray, Alberta—Standing on the edge of the immense and spectacular pit of an oil sands mine for the first time last week, I was surprised by a sense of exhilaration. Later, seven stories up, equipped with earplugs, and clad in bright blue overalls, I marveled at the cascades of black bitumen froth bubbling over the sides of a separation cell like a giant witch’s cauldron. The scale of the enterprise and the sheer ingenuity involved in wresting value and sustenance from the hands of a stingy Mother Nature provoked in me a feeling close to glory. Yet as I...
  • David Axelrod: Rick Perry Has a ‘Record of Decimation’

    08/12/2011 12:41:41 PM PDT · by Kaslin · 98 replies
    ABC News ^ | August 12, 2011 | George Stephanopoulos
    That’s what the Obama campaign’s top political strategist told me this morning when I asked him about the latest 2012 candidate, Rick Perry. The Texas Governor made it clear his campaign will focus on his state’s record of job growth – Texas created more jobs than any other state since the recession. “When you examine the entire record what’s happened to education in that state, what’s happened to health care in that state, it’s a record of decimation not of progress,” David Axelrod told me. “I don’t think the picture of Texas is what people want for the country when...
  • Unleashing Our Energy Resources

    07/21/2011 9:54:51 AM PDT · by Coleus · 10 replies
    The New American ^ | 05.25.11 | William F. Jasper
    John Felmy is chief economist of the American Petroleum Institute (API), responsible for overseeing the organization’s economic, statistical, and policy analysis. He has over 25 years’ experience in energy, economic, and environmental analysis. He received bachelor’s and master’s degrees in economics from Pennsylvania State University and a Ph.D. in economics from the University of Maryland. John is a member of several professional associations, including the American Economics Association and the International Association for Energy Economics. He was interviewed at the 2011 Conservative Political Action Conference (CPAC) in Washington, D.C., by William F. Jasper, senior editor of The New American.The New...
  • Chávez vows to beat strike; experts scoff

    01/03/2003 10:00:08 AM PST · by Dog Gone · 11 replies · 44+ views
    Miami Herald ^ | January 3, 2003 | TIM JOHNSON
    BY TIM JOHNSONtjohnson@herald.com A Venezuelan army soldier directs traffic at the entrance to a gas station in Caracas on Thursday, the 32nd day of a nationwide strike. Chavez and his opposition traded allegations Thursday on the state of Venezuela's oil industry, saying that oil production would return to its normal level of 3 million barrels a day within 45 days. ANDRES LEIGHTON/AP WASHINGTON - President Hugo Chávez pledged Thursday to return oil production to normal within 45 days in strike-crippled Venezuela, but U.S. analysts dismissed his claim and fretted over a sharp decline in U.S. crude imports.The Energy Department...
  • CA: Boxer adds muscle to fight over refinery

    04/09/2004 10:43:56 PM PDT · by NormsRevenge · 42 replies · 268+ views
    Bakersfield Californian ^ | 4/9/04 | Erin Waldner
    Demands that the Shell Bakersfield Refinery remain open intensified Friday, as Sen. Barbara Boxer joined a chorus of calls to the Federal Trade Commission and California Attorney General Bill Lockyer to prevent the closure. "The plant must remain open until a buyer is found and a sale is completed. Otherwise, consumers will pay the prices," Boxer wrote in a letter to FTC Chairman Timothy Muris. Boxer's letter caps a week that has seen a wide array of critics of the proposed closure emerge. Also this week, the FTC announced it is evaluating the situation, and the state Attorney General's office...
  • California's Limited Energy Supply Options Highlight U.S. Oil Import Dependence

    06/22/2006 12:19:36 PM PDT · by NormsRevenge · 5 replies · 354+ views
    AP on Yahoo ^ | 6/22/06 | Tarek El-Tablawy
    NEW YORK (AP) -- Just two Arab countries have supplied almost 50 percent of California's imported oil over the past five years, a dependence that leaves the state more vulnerable than the rest of the country to disruptions in the world oil markets. The finding, based on an analysis of state and federal crude oil import statistics, underscores the challenges confronting both California -- the biggest gas-consuming state in the U.S. -- and the country as a whole as lawmakers grapple with consumer outrage over high prices at the pump and a U.S. deficit that has widened on the back...
  • Conference to Look at Future of Energy Policy and honor Senator Domenici

    05/21/2008 7:36:26 PM PDT · by redwill · 2 replies · 113+ views
    Red Orbit ^ | Friday May 5th 2008 | By Journal Staff Report
    HOBBS -- Sen. Pete Domenici will be featured speaker at a national energy policy conference May 27 at the Lea County Event Center titled "The Making of Energy Policy: Where Are We Going?" The conference is sponsored by New Mexico Tech, the Economic Development Corporation of Lea County, and the New Mexico Center for Energy Policy. Co-sponsors are the United States Chamber of Commerce and the American Petroleum Institute. NMCEP, operated by New Mexico Tech, is organizing the conference, the group said in a news release. Registration will begin at 10 a.m., followed at 11:30 a.m. by a welcome and...
  • How Long Will the Oil Age Last?

    07/31/2004 1:48:26 PM PDT · by SunkenCiv · 162 replies · 2,860+ views
    Popular Science ^ | August 2004 | Kevin Kelleher
    Chief among the pessimists is the Association for the Study of Peak Oil, a group of European scientists who estimate that maximum oil production around the globe will peak in 2008 as demand rises from developing economies such as China... Others believe, like Maugeri, that the number of glasses is virtually limitless. John Felmy, chief economist at the American Petroleum Institute, argues that peak oil- production estimates are so far off that for all practical purposes we might as well act as if oil will flow forever. "Ever since oil was first harvested in the 1800s, people have said...
  • Analysts Debate Effect of High Oil Prices

    08/22/2004 9:39:10 PM PDT · by NormsRevenge · 7 replies · 907+ views
    AP on Yahoo ^ | 8/22/04 | Martin Crutsinger - AP
    WASHINGTON - High oil prices, which have been a factor in virtually all U.S. recessions over the past three decades, are surging again this year. And the higher crude oil prices climb, the more risk energy costs pose to what, until recently, many expected to be a banner year for the U.S. economy. Some economists are even beginning to worry about an outright recession if oil prices, already at record levels, go much higher. And concerns are rising about the threat of "stagflation," a dreaded economic malady of stagnant growth coupled with rising prices that had the United States in...
  • The Left's War Against 'Big Oil' Continues

    04/21/2010 12:30:12 PM PDT · by BobMcCartyWrites · 4 replies · 130+ views
    Bob McCarty Writes ^ | 4-21-10 | Bob McCarty
    The economic impact of the 1995 Deep Water Royalty Relief Act is huge as are the consequences that would result from its modification or repeal by Congress.
  • Gas prices high - and might get higher

    01/21/2011 11:56:37 AM PST · by NRG1973 · 40 replies
    Cnnmoney.com ^ | January 21, 2011 | Steve Hargreaves
    Strong worldwide oil demand and lack of supply are to blame for steadily rising gasoline prices in the United States, an oil industry group said Friday. The American Petroleum Institute made no specific price forecast for 2011, but didn't seem to see a drop anytime soon. "Unless we see increases in supply, it's hard not to see a tighter market," John Felmy, the institute's chief economist, said in a conference call with reporters. Felmy said worldwide oil demand in 2010 hit a record of more than 87 million barrels a day, driven largely by strong growth in India, China and...
  • Oh, Canada!

    07/17/2011 8:04:43 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | July 17, 2011 | Salena Zito
    BUCKHORN, Ontario – Candy Penny and her husband have owned their novelty shop here just long enough to not know what it was like when American tourists flooded this small Peterborough County town in Canada’s “cottage country.” “I understand that, before the recession, every other license plate in town was from a different (American) state,” said Penny, a Michigan native who moved here when she married a Canadian. “Between that and the spike of gas prices in 2008 and again this summer, and the required passports to cross the border, our main business is Canadian.” Her shop is in a...