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Keyword: drilling

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  • Obama finally decides to drill soon, drill here and there

    05/14/2011 12:41:53 PM PDT · by SeekAndFind · 46 replies
    Hotair ^ | 05/14/2011 | Ed Morrisey
    You know, in about 15 years or so, Barack Obama might actually come up with an energy policy that increases energy and grows the economy. After five months of escalating political heat, Obama finally decided that we could drill our way out of our problems — or at least his problems: Facing continued public unhappiness over gas prices, President Barack Obama is directing his administration to ramp up U.S. oil production by extending existing leases in the Gulf of Mexico and off Alaska’s coast and holding more frequent lease sales in a federal petroleum reserve in Alaska.Obama said Saturday that...
  • The Administration's Big Oil Lie

    05/13/2011 4:11:11 PM PDT · by Kaslin · 13 replies
    IBD Editorials ^ | May 13, 2011 | Staff
    Energy: As the House passes a bill to open up offshore drilling, the Senate holds another show trial of oil executives showing why people blame them, not the administration, for high gas prices. Last week they fought back. Summoned for what Sen. Orrin Hatch labeled a dog-and-pony show, executives of Exxon Mobil, Shell, ConocoPhillips, BP America and Chevron appeared before the Senate Finance Committee on Thursday and, in often-heated exchanges, indicated their days as whipping boys are over. The hearing was called ostensibly to support the Democrats' Close Big Oil Tax Loopholes Act, a bill with no chance of passage....
  • House Approves Bill to Lift Drilling Moratorium

    05/12/2011 11:52:50 AM PDT · by Lucky9teen · 10 replies ^ | May 12, 2011 | by Chad Pergram
    The House of Representatives voted to open more of the nation's oceans for oil and gas exploration on Thursday by a vote of 243 to 179. The "Reversing President Obama's Offshore Moratorium Act," requires the Interior Department to set a production goal of three million barrels of oil per day for its 2012-2017 leasing plan. In order to reach that target, the legislation requires the department to hold lease sales off the coast of Southern California, in the Arctic Ocean, off Alaska's Bristol Bay, and in the Atlantic Ocean from Maine to North Carolina. Republicans say that the bill, along...
  • The Oil Drill : Heres how NOT to solve the problem of high gas prices.

    05/12/2011 7:12:15 AM PDT · by SeekAndFind · 8 replies
    National Review ^ | 05/12/2011 | The Editors
    Three Senate Democrats angry about the high price of gasoline propose to raise taxes on the firms that produce it. No, it does not make any sense to us, either. For Democrats, expensive gas is just the price of scoring a moral victory over Big Oil, and American consumers will be expected to pay any price and bear any burden that Harry Reid & Co. inflict upon them. The Close Big Oil Tax Loopholes Act is a minotaurs labyrinth of economic illiteracy, with Democratic senators Robert Menendez (N.J.), Sherrod Brown (Ohio), and Claire McCaskill (Mo.) lurking at the center of...
  • Vitter slams Obama over drilling comments

    05/06/2011 6:59:35 PM PDT · by Nachum · 13 replies · 1+ views
    The Hill ^ | 5/6/11 | Andrew Restuccia
    Sen. David Vitter (R-La.) slammed President Obama Friday for saying that increased drilling will not solve the country's energy woes. Its absurd that the president keeps simultaneously claiming theres nothing he can do right now to fight these rising prices at the pump, while pushing retread arguments from the Jimmy Carter era, Vitter said in a statement Friday. Vitter, a staunch advocate of increased drilling, called on the Interior Department to issue more permits for offshore drilling in the Gulf of Mexico. Unless they do, Im afraid gas prices will continue to rise, our dependence on
  • This Date in History: Obama Imposes Job-Destroying Drilling Moratorium

    05/06/2011 7:11:57 AM PDT · by Qbert · 6 replies
    Heritage ^ | May 6th, 2011 | Heritage
    One year ago today President Obama imposed a moratorium on offshore drilling in the Gulf of Mexico. It banned shallow-water and deepwater operations, setting the stage for a year of delays in permitting. Now a U.S. senator wants to put a moratorium on federal agencies. Sen. David Vitter (D-La.), an outspoken critic of the administrations anti-drilling policies, introduced the Agency Overreach Moratorium Act, which would require congressional approval for federal regulations that restrict energy exploration on federal lands and offshore. Vitter said the legislation would expand domestic energy resources and produce much-needed revenue for the federal treasury at a time...
  • Look Whos Hiring-Thank GOD For Big Oil

    05/05/2011 4:32:20 PM PDT · by BillKneer · 4 replies
    The Patriot Statesman ^ | 5-5-2011 | Josh Painter
    Those in the energy field are no strangers to the boom and bust cycle and are exercising due caution by being more cost conscious and applying a heavy dose of realism to the salary setting process. But with the unemployment rate just under 9 percent and a robustly competitive job market, they have no shortage of quality potential new hires to choose from. Nearly 12,500 new vacancies were posted in March, a number which is 60 percent higher than at this time last year. More job seekers are letting their keyboards do their walking, as online applications have doubled. Its...
  • Obama's War on Oil

    05/05/2011 11:02:39 AM PDT · by WOBBLY BOB · 20 replies
    american spectator ^ | 5-4-11 | Peter Ferrara
    Why would President Obama want high gas prices? It's a matter of ideology for him. He thinks it's good for the environment for gas prices to be high. The higher gas prices are, the less you will drive. Also, higher gas prices make his beloved "alternative fuels" more competitive. That is because these alternative fuels are inherently more expensive, and so can't compete with cheaper gas. Note this is not a prescription for easing the financial burden on working people. High gas prices make it more likely you will buy expensive "alternative fuels." But either way, your wallet will still...
  • Facts About Oil

    05/01/2011 11:47:02 AM PDT · by safetysign · 15 replies
    Power Line ^ | 04/28/2008 | John
    The Democrats are furiously demagoguing energy costs, hoping to dodge the blame for their failed policies. When gas prices spiked in 2008, whom did they blame? Nancy Pelosi attributed high gasoline prices to the "oil men in the White House." This time around, she is staying out of sight. Other Washington Democrats are blaming the oil companies, and are trying to change the subject to alleged "subsidies"--which, of course, have nothing to do with oil prices. ExxonMobil counters the Democrats' myths with facts: The part of [our] business that refines and sells gasoline and diesel in the United States represents...
  • Battered by gas prices, White House starts attacks on oil companies

    04/26/2011 5:43:13 AM PDT · by Libloather · 32 replies
    The Hill ^ | 4/23/11 | Ian Swanson
    Battered by gas prices, White House starts attacks on oil companiesBy Ian Swanson - 04/23/11 10:45 AM ET The White House has joined congressional Democrats in targeting oil companies with criticism for nearly $4 per gallon gas. President Obama lashed out at oil companies and the tax breaks they get from the government for a second consecutive day on Thursday and again in Saturday's address. Four billion dollars of your money are going to these companies at a time when theyre making record profits and youre paying near record prices at the pump, the president said at a...
  • Obama says new task force will examine gas prices

    04/21/2011 1:47:44 PM PDT · by Realman30 · 65 replies
    AP ^ | 04-21-11 | Julie Pace
    RENO, Nev. (AP) -- President Barack Obama announced Thursday that the Justice Department is assembling a team to "root out any cases of fraud or manipulation" in oil markets that might be contributing to $4 a gallon-plus gasoline prices. "We are going to make sure that no one is taking advantage of the American people for their own short-term gain," Obama said at a town-hall style meeting at a renewable energy plant in Reno. The national average price for a gallon of regular gasoline was $3.84 on Thursday, about 30 cents higher than a month ago and almost a dollar...
  • A year after Deepwater Horizon disaster, opposition to oil drilling fades

    04/18/2011 3:05:31 AM PDT · by Cincinatus' Wife · 12 replies
    St. Petersburg Times ^ | April 18, 2011 | Curtis Morgan and Lesley Clark, Miami Herald
    One year later, the largest offshore oil spill in U.S. history looks more and more like just a big bump in the road in the drive to drill deeper in the Gulf of Mexico and potentially closer to Florida's coastline. The Deepwater Horizon disaster killed 11 rig workers, spewed 60,000 barrels of oil a day for four months, cost five states billions of dollars in lost jobs and business, slimed marshes, beaches and wildlife from the Louisiana bayou to the Florida Panhandle, and left lingering toxic stains across complex food webs that scientists say will take years to recover. A...
  • International group agrees to set offshore drilling standards for oil and gas exploration

    04/16/2011 10:11:38 AM PDT · by george76 · 1 replies
    St. Petersburg Times ^ | April 15, 2011
    Drilling regulators from a dozen countries on Thursday agreed to take steps toward uniform standards for oil and gas exploration in oceans around the world. U.S. Interior Secretary Ken Salazar suggested the idea ... Representatives from the European Union, the United States and 11 other countries, including the Russian Federation, Brazil and ... One notable absence in the planned collaboration and at Thursday's summit is Cuba, which expects five wells to be drilled off its coast in the next two years. Salazar said the United States was concerned about the potential drilling 60 miles off the coast of Florida, within...
  • Gas Prices Predicted To Be Up 40 Percent This Summer Compared To Last Year

    04/13/2011 6:16:14 AM PDT · by Red in Blue PA · 99 replies
    WASHINGTON - Gas prices are going up. And up. And up. And now, the Energy Department predicts the cost of gasoline this summer will be 40 percent more than last year. In the District of Columbia, the average price of regular unleaded jumped four cents a gallon between Monday and Tuesday. "I think it's all kind of a farce," says driver Kathryn Abate. "Because the oil prices have gone up a little, but not really to the extent that gas prices have. So it's just like a 'predicting' thing which I think is kind of unfair to consumers." The experts...
  • Editorial: Obama's Do-Nothing Oil Policy Hurts

    04/07/2011 6:01:31 PM PDT · by Kaslin · 4 replies
    IBD Editorials ^ | April 7, 2011 | Staff
    Leadership: Making jokes about remembering what it was like to pump gas or speaking at a foreign-owned wind turbine plant does not ease the pain at the pump that has been orchestrated by the White House. President Obama found time on the eve of a possible government shutdown to dine with the Rev. Al Sharpton, address his National Action Network Annual Gala and make quips about an energy crisis America finds increasingly unfunny. "I don't pump gas now, but I remember what it was like pumping gas. ... I remember the end of the month (paying bills) .. . I...
  • New York Education Department Bars a Knowledgeable Employee From Talking About Gas Drilling

    04/05/2011 7:59:58 AM PDT · by therightliveswithus · 3 replies
    Pundit Press ^ | 4/4/2011 | Unlikely Hospitalist
    Recently I highlighted the thoughts of Taury Smith, New York state's official geologist and self described liberal democrat. In an article posted at the Times Union Mr. Smith argued that the "spin was on" with regard to hydraulic fracturing. He argued that years of research did not support the rhetoric being presented by the opponents of "hydrofracking." That the cited problems are exaggerated and overblown. That true environmentalists should be in strong support of the increased use of natural gas as it is overall much better for the environment than coal and oil. He of course committed the cardinal sin...
  • Obama: I'm for natural gas..blah, blah

    04/01/2011 2:38:21 AM PDT · by Scanian · 25 replies
    NY Post ^ | March 31, 2011 | Abby Wisse Schachter
    It must be tough for Glenn Kessler over at the Washington Post. He's responsible for "fact checking" Obama's pronouncements and does an intersting job today dissecting the president's most recent energy speech . He picks out a few of Obama's claims on oil and drilling and low and behold finds that much of what Obama claims is not exactly correct, or a complete lie (Pinocchio is what Kessler calls it). Obama spoke about lowering our oil imports. The President carefully ignored the fact that imports were downlast year because of the recession and Kessler correctly points out that further reductions...
  • President Obama to call for one-third cut to oil imports

    03/30/2011 8:26:34 AM PDT · by pabianice · 135 replies
    WaPo ^ | 3/30/11
    President Obama on Wednesday will call for a one-third cut in oil imports by 2020, part of a plan he says will reduce U.S. dependence on foreign petroleum. Video: March 29 (Bloomberg) -- Mike Wittner, global head of oil research at Societe Generale SA, talks about the impact political turmoil has had on the oil industry and the outlook for gasoline prices in the U.S. Wittner speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." President Obama to call for one-third cut to oil imports Five myths about gas prices Crude declines in New York amid signs of rising U.S....
  • Administration (Again) Blames Oil Companies For Lack Of Drilling

    03/29/2011 3:40:12 PM PDT · by Slyscribe · 13 replies
    IBD's Capital Hill ^ | 3/29/2011 | Sean Higgins
    Earlier this month, Capital Hill predicted that a forthcoming Interior Department study would prove a favorite talking point of President Obama and other Democrats: One reason why gas prices are high is because oil companies are refusing to drill on land leased from the federal government. Well, the report is out and that is pretty much what it does.
  • Two-thirds of oil and gas leases in Gulf inactive

    03/29/2011 11:25:31 AM PDT · by safetysign · 30 replies
    Associated Press ^ | 03/29/2011 | Julie Pace
    An Interior Department report to be released Tuesday says more than two-thirds of offshore oil and gas leases in the Gulf of Mexico are sitting idle. According to the report, obtained by The Associated Press, those inactive swaths of the Gulf could potentially hold more than 11 billion barrels of oil and 50 trillion cubic feet of natural gas. The report also shows that 45 percent of all onshore oil and gas leases are inactive.