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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
    http://politics.blogs.foxnews.com/ ^ | 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.
  • Two-thirds of oil and gas leases in Gulf inactive

    03/29/2011 11:25:24 AM PDT · by safetysign · 2 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.
  • WaPo: Why is Obama pursuing a Drill, Brazil, Drill strategy?

    03/28/2011 7:35:58 AM PDT · by SeekAndFind · 15 replies
    American Thinker ^ | 03/28/2011 | Ed Morrissey
    Good question! In fact, as the Washington Post editorial board notes, it’s actually a series of good questions. Not only does Barack Obama need to explain his enthusiasm for drilling and oil consumption apparently everywhere but in the US, he also needs to explain why the US wants to import oil from Brazil, but not ethanol: Brazil already produces vast quantities of a fuel — ethanol — that the U.S. government, under a policy long supported by presidents and farm-state members of Congress from both parties, has promoted as a green alternative to gasoline. But the United States, protecting its...
  • As more permits are approved, fight over offshore oil drilling heats up

    03/27/2011 5:49:42 PM PDT · by Libloather · 16 replies
    The Hill ^ | 3/27/11 | Andrew Restuccia
    As more permits are approved, fight over offshore oil drilling heats upBy Andrew Restuccia - 03/27/11 06:30 AM ET The rhetoric about domestic oil drilling reached a fever pitch in Washington this week with the Obama administration touting the approval of more Gulf deepwater drilling permits and Republicans countering that the pace of permitting is still too slow. The stakes are high for both sides of the issue, as pressure to address high oil and gas prices mounts amid continued unrest in the Middle East and North Africa. This week was packed with Obama administration announcements about drilling permit approvals....
  • Pretending to boost drilling

    03/26/2011 2:47:47 AM PDT · by Scanian · 2 replies
    NY Post ^ | March 25, 2011 | Michelle Malkin
    While President Obama promotes offshore drilling in Brazil, Interior Secretary Ken Salazar now promises to revitalize America's oil and gas industry. It's like Jack "Dr. Death" Kevorkian promoting himself as a lifesaving CPR specialist. This week, Salazar announced that the administration has just approved the first deepwater-oil- and gas-exploration plan since last spring's BP/Deepwater Horizon oil spill. Mind you: This is not a granting of permits, but a green light for Shell Offshore to seek drilling permits for three new exploratory wells off the Louisiana coast. Shell first submitted and received approval for its original exploration plan in 1985. Salazar's...
  • Top Ten Ways Govt is Preventing Federal Onshore U.S. Production

    03/25/2011 8:33:01 AM PDT · by thackney · 4 replies
    Rig Zone ^ | March 25, 2011 | Karen Boman
    Western Energy Alliance, formerly IPAMS, reported that at least half of the non-producing onshore U.S. acreage is the direct result of bureaucratic delays imposed by the Obama administration, not oil and gas companies are refusing to develop lands currently under lease. The organization has published a top ten list to show how bureaucratic delays are not only preventing more production of domestic oil and natural gas today, but putting at risk tomorrow's production as well, said Kathleen Sgamma, the organization's director of government and public affairs. While companies are in the long process of satisfying all the requirements necessary to...
  • Texas: EPA's Cheating on Tests to Pull Plug on Gas Drilling

    03/23/2011 3:45:24 PM PDT · by Qbert · 14 replies
    Newsmax ^ | 3/23/2011 | Charles J. Little
    The Environmental Protection Agency still is trying to shut down a gas drilling operation near Fort Worth despite fresh doubts about the agencys central allegation, that the drilling had tainted the local water supply, The Wall Street Journal reports. Texas own regulators say new scientific tests on gas in the water well show the leakage is the result of natural causes: gas migrating upward from a rock formation that lies directly below the tainted aquifer. Armed with these findings, Texas officials allege that the EPA is using dubious science to reach hasty conclusions that will harm the states economy. This...
  • 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...
  • Obama: Drill, Brazil, Drill! (US will then buy your oil)

    03/21/2011 5:43:49 PM PDT · by CedarDave · 59 replies
    Investors.com ^ | March 21, 2011 | IBD Editorial staff
    While leaving U.S. oil and jobs in the ground, our itinerant president tells a South American neighbor that we'll help it develop its offshore resources so we can one day import its oil. WHAT?!? His "What, me worry?" presidency has given both Americans and our allies plenty to worry about. But in the process of making nice with Brazil, Obama made a mind-boggling announcement that should make even his most loyal supporter cringe: We will help Brazil develop its offshore oil so we can one day import it.Obama wants to develop Brazilian offshore oil to help the Brazilian economy create...
  • Soros Group Blames High Gas Prices On Speculators, Not Demand Or Mideast Turmoil

    03/21/2011 1:44:19 PM PDT · by Slyscribe · 18 replies
    IBD's Capital Hill ^ | 3/21/2011 | Sean Higgins
    Like the opening of the cherry blossoms on the national mall, every spring in Washington seems to bring with it another round of conspiracy theories regarding some hot public-policy issue. With gas prices high, energy is a favorite this year. The other week, it was that gas prices were rising because oil companies were engaged in a conspiracy not to drill and thereby deny themselves profits while demand was high. This week, liberals say, the villains are oil speculators who have fiendishly been driving up prices for no other reason than their greed.
  • Obama says US to be major purchaser of Brazilian oil

    03/20/2011 4:40:13 PM PDT · by Qbert · 55 replies
    Telegraph UK ^ | 3/19/2011 | Robin Yapp
    Prices for Brent crude hit more than $117 last week as the civil war in Libya continued and are likely to rise further after the start of UN-backed action against Col Gaddafi's forces. Traders are also concerned about protests and tensions in a number of other oil-producing nations in the region. Mr Obama spoke of the US's desire to secure more of its oil from Brazil in future after talks with his counterpart, President Dilma Rousseff, in Brasilia at the start of a two-day visit to Latin America's biggest country. "I have told her that the United States wants to...
  • Palin rips Obama energy policy as 'social engineering'

    03/19/2011 11:37:16 AM PDT · by UniqueViews · 24 replies
    The Hill ^ | 3/19/2011 | Jordan Fabian
    During her first foreign trip in 2011, former Alaska Gov. Sarah Palin (R) slammed President Obama's green energy policy as a "social engineering" project that hurts the U.S. economy. Palin -- a potential 2012 presidential candidate -- said that she favors an "all of the above" energy plan that includes domestic oil drilling and nuclear power. Without mentioning it by name, she criticized the Obama administration for restricting domestic drilling and said that his green jobs agenda is fatally flawed. This push for green energy at the expense of conventional, reliable sources is not a credible energy policy," Palin said...
  • Drilling Unlikely to Lower Oil Prices, Energy Information Chief Says

    03/18/2011 12:55:01 PM PDT · by Nachum · 95 replies
    CNS News ^ | 3/18/11 | Dan Joseph
    (CNSNews.com) - Richard Newell, administrator of the U.S. Energy Information Administration (EIA), said that while oil prices are likely to stay above average for the remainder of 2011, it is unlikely that an increase in domestic oil production would dramatically affect oil prices in either the short-term or the long-term. Newell, a political appointee, was tapped to head the EIA by President Barack Obama in mid-2009. In his testimony before the House Committee on Natural Resources on Thursday, Newell said that because oil is a global commodity dependent on global trends, domestic production would do little to ease prices at...
  • More Drilling in U.S. is A Problem, Not A Solution to Creating Jobs, Says Democrat Member...

    03/18/2011 10:09:57 AM PDT · by jazusamo · 46 replies
    CNSNews ^ | March 18, 2011 | Nicholas Ballasy
    Complete title: More Drilling in U.S. is A Problem, Not A Solution to Creating Jobs, Says Democrat Member of House Labor Subcommittee (CNSNews.com) -- Rep. Rob Andrews (D-N.J.) said that increasing oil drilling off the coast is a problem, not a solution to creating jobs in the United States. Andrews recommended that House Republicans bring legislation to the floor if they think more drilling will create jobs. VIDEO 2:25 minutes Appearing at a press conference with Rep. Debbie Wasserman Schultz (D-Fla.) on job creation, Rep. Andrews said, I agree with my colleague and friend that drilling for oil off the...
  • Drilling Ban Fueling Obama's Controlling Agenda

    03/18/2011 7:44:51 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | March 18, 2011 | Diana West
    With poor Japan's nuclear reactors in crisis; with Middle East violence stripping bare American recklessness in relying on an Arab oil supply; with prices rising fast at the local gas pump, there is an almost apocalyptic tension growing in the absence of action on the American energy problem: Tons -- or, rather barrels and cubic feet -- of resources, and no will or even interest on the part of our trusted, responsible and feckless elected leaders to get it. What is their problem? What is our problem? Sarah Palin posted about this emerging crisis this week (and created a...
  • U.S. approves first floating deepwater storage in Gulf

    03/18/2011 7:29:12 AM PDT · by KeyLargo · 12 replies · 1+ views
    Reuters ^ | Mar 17 2011 | Tom Doggett and Kristen Hays
    U.S. approves first floating deepwater storage in Gulf Thu, Mar 17 2011 By Tom Doggett and Kristen Hays WASHINGTON/HOUSTON (Reuters) - The U.S. Interior Department said on Thursday it gave final approval for Petrobras to use the first ever deepwater floating production storage facility in the Gulf of Mexico. The facility will be used when the company begins oil and natural gas production at its Chinook-Cascade project in the near future, the department said.
  • Is Salazar Lowballing Gulf Drilling Applications?

    03/17/2011 8:37:23 AM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | March 17, 2011 | Peter Flaherty
    Two weeks ago, we asked whether Interior Secretary Ken Salazar considered himself above the law by ignoring court orders to resume the permitting process for deepwater drilling in the Gulf of Mexico. Now we learn that Salazar may have misled Congress and the public on the number of drilling permit applications he is ignoring. Yesterday, Senator David Vitter (R-LA) accused Salazar, along with Michael Bromwich, the director of the new Bureau of Ocean Energy Management Regulation and Enforcement, of using bogus figures. During Congressional testimony on March 2, and on other occasions, Salazar and Bromwich used much lower figures...
  • US clears more deepwater oil drilling in Gulf (2nd permit in 2 weeks)

    03/12/2011 11:00:38 PM PST · by Libloather · 8 replies
    Yahoo ^ | 3/12/11
    US clears more deepwater oil drilling in GulfUS allows BHP Billiton to resume deepwater drilling in Gulf of Mexico; 2nd permit in 2 weeks On Saturday March 12, 2011, 1:09 pm EST NEW ORLEANS (AP) -- The U.S. government is allowing deepwater drilling to resume on another Gulf of Mexico well as the region recovers from BP's devastating oil spill. BHP Billiton PLC said Saturday that the permit will allow it to get back to work in its Shenzi field, located about 120 miles off Louisiana's coast. The well, about 4,300 feet below the surface, began production in March 2009,...
  • Obama Blames Oil Companies For Lack Of Drilling

    03/11/2011 2:04:29 PM PST · by Slyscribe · 72 replies
    IBD's Capital Hill ^ | 3/11/2011 | Sean Higgins
    In his Friday press conference to discuss gas prices, President Obama was rather defensive, straining to counter the notion that his administration has been unfriendly to oil drilling, something most people would like to see a lot more of these days. Where do people get that notion? Perhaps his Interior Department appealing a judges ruling that it act on several pending deepwater permits had something to with it. Obama claimed repeatedly that he is not against drilling, then made the following comments:
  • Our Man-Made Energy Crisis

    03/09/2011 7:31:51 AM PST · by WOBBLY BOB · 6 replies
    WSJ ^ | 3-9-11 | NANSEN G. SALERI
    At best, the Obama administration's approach to U.S. domestic oil and gas production can be characterized as a strategy of ambivalence, an uneasy equilibrium between desire to lessen the role of fossil fuels and the reality of their necessity in a functioning U.S. economy. Last year's Deepwater Horizon tragedy in the Gulf tilted the current administration's policies to an even more punitive posture vis-a-vis domestic energy production. As the French philosopher Antoine de Saint-Exupry wisely observed, "A goal without a plan is just a wish." Unfortunately for the U.S., there is not even a wish. The time to rethink and...
  • IBD/TIPP Poll: Americans Back Offshore, ANWR Drilling

    03/08/2011 6:55:50 AM PST · by Slyscribe · 14 replies
    Investor's Business Daily ^ | 3/7/2011 | Sean Higgins
    With the price of gas up 39 cents at the pump in a month and heading higher amid turmoil in much of the Middle East, Americans wonder why the U.S. isn't doing more to exploit its own oil resources. They favor drilling in territorial waters, 67%-29%, according to a new IBD/TIPP poll. That is up from 61%-30% from last May and 64%-25% when Republicans touted drilling in the 2008 election as oil topped $147 a barrel. There's also been a solid shift toward drilling in Alaska's Arctic National Wildlife Refuge, with support at 54%-40%. That's up from 49%-43% last year.
  • Hey, Lets Tap Into the Strategic Petroleum Reserve! (Wrong!!Drill, And Drill Now!!!)

    03/07/2011 6:35:47 AM PST · by Kaslin · 46 replies
    Hot Air Green Room ^ | March 6, 2011 | Jazz Shaw
    Another session of Sunday morning shows came around and I found myself watching Meet the Press. (Something which happens more and more since ABC made the disastrous decision to drop the indispensable Jake Tapper as host of This Week in favor of Christiane Amanpour.) One of the guests was President Obama’s Chief of Staff Bill Daley, and the subject of the discussion turned to the rising prices of both gasoline and barrels of oil. “Aha!” I thought. “Now we’re getting down to something important. The administration has been choking off domestic oil production and the unrest on the Arab street...
  • Interior Dept. challenges drilling permit ruling, warns of delayed development

    03/06/2011 7:26:03 AM PST · by epithermal · 52 replies
    The Hill ^ | 3/05/11 | Ben Geman
    The Obama administration delivered a warning late Friday to a federal judge whos demanding Interior Department action on deepwater drilling permit applications: Be careful what you wish for. The Interior Department challenged a Louisiana judges orders that require decisions on several industry applications later this month, warning that the court's mandate could force Interior to deny the applications outright and divert resources from review of other permit requests. Interior appealed the orders late Friday and asked for a stay. In their filing, Justice Department lawyers say that Judge Martin Feldmans orders could thwart the efficient development of oil and gas...
  • The Great Depression 2.0

    03/05/2011 1:25:22 PM PST · by bray · 7 replies
    self | 3/5/11 | bray
    For this reason, ever since I heard about your faith in the Lord Jesus and your LOVE for all the saints, Eph 1:15 All the stops are being pulled to avoid the Obama Depression settling into the discussion. This economic disaster would be tragic if it wasnt intentional. From the moment he and his radical buddies took over the helm of this great ship of Freedom they have pushed to destroy the capitalistic model and replace it with a communist dictatorship and now we have the results. As gas becomes a scarcer and scarcer commodity everyone will be punished equally...
  • White House calls push for strategic oil reserve release premature (Hussein is very mindful)

    03/05/2011 6:14:16 AM PST · by Libloather · 18 replies
    The Hill ^ | 3/04/11 | Ben Geman
    White House calls push for strategic oil reserve release prematureBy Ben Geman - 03/04/11 04:49 PM ET White House press secretary Jay Carney on Friday declined to say if a specific oil price would prompt a release from the Strategic Petroleum Reserve. The White House is under pressure from several Democrats to release oil from the 727-million barrel reserve as energy prices rise alongside turmoil in North Africa and the Middle East. Asked at what point the Obama administration would mull a release from the reserve, Carney replied: We don't have a number to tell you that drives those decisions....
  • Interior Secretary Says White House Opposes Drilling in Arctic Because It Will Not Lead...

    03/04/2011 1:27:37 PM PST · by jazusamo · 72 replies
    CNSNews ^ | March 4, 2011 | Nicholas Ballasy
    Complete title: Interior Secretary Says White House Opposes Drilling in Arctic Because It Will Not Lead to Energy Independence VIDEO 2:09 minutes (CNSNews.com) - When asked why the Obama administration opposes drilling in the Arctic National Wildlife Refuge (ANWR) given the rising cost of gasoline, Interior Secretary Ken Salazar told CNSNews.com that the drill, baby, drill program is not going to lead the United States to energy independence. We dont believe that you need to drill everywhere and we dont believe that the 'drill, baby, drill' program is the way thats going to get us to the energy independence that...
  • Noble rig leaves U.S. Gulf for Brazil

    03/04/2011 11:13:03 AM PST · by thackney · 31 replies
    Fuel Fix ^ | March 4, 2011 | Brett Clanton
    Noble Corp. in January announced plans to move one of its deep-water drilling rigs out of the Gulf of Mexico amid a spill-related slowdown in activity. This week, the Swiss-based driller made good on its promise. It loaded the Noble Clyde Boudreaux, an ultra-deepwater semisubmersible, on a ship in Pascagoula, Miss., that will carry the rig 5,000 miles to Brazil, where it has a contract with Shell. That new contract, starting in April, will last for a year and is $290,000 per day less than the previous Gulf lease, Noble said. Noble, Diamond Offshore and other offshore drilling contractors have...
  • Lawyer: Fake Utah drilling bids were 'sabotage' (worthless eco-nut runs up the price)

    03/02/2011 12:01:41 AM PST · by Libloather · 19 replies
    Idaho Press ^ | 3/02/11
    Lawyer: Fake Utah drilling bids were 'sabotage'Posted: Wednesday, March 2, 2011 12:00 am SALT LAKE CITY (AP) Tim DeChristopher, ex-wilderness guide, looked like trouble. He stood out among the bidders at an oil-and-gas lease auction. He didn't bring with him any experts, diagrams or maps. Dressed shabbily, all he had was a backpack. As his fellow environmentalists protested outside, he began bidding. When it was all over, he owed $1.7 million on more than a dozen leases near Utah's Arches and Canyonlands national parks. He had no way of paying, no doubt that he would get in trouble and...
  • Gas thieves drilling holes into tanks of parked vehicles

    03/01/2011 11:36:11 AM PST · by Dubya-M-DeesWent2SyriaStupid! · 87 replies
    wbtv.com ^ | Mar 01, 2011 11:27 AM EST | Jeff Rivenbark
    Thieves are bypassing the gas cap and are drilling into the gas tank of cars. (Source: Josh Tolbert) FORT MILL, SC (WBTV) - Police are looking for thieves who are stealing gasoline by drilling holes into gas tanks of parked vehicles. The York County Sheriff's Office says there have been five incidents reported in the Baxter Village and Bailiwyck areas of Fort Mill.
  • Some Democrats Shifting on Drilling? Starting to get the message on domestic energy independence?

    02/28/2011 2:45:10 PM PST · by SeekAndFind · 9 replies
    Hotair ^ | 02/28/2011 | Jazz Shaw
    Is Congressman Jim Himes (D-CT-4) starting to get the message on domestic energy independence? According to one recent set of comments and a strong message from some of his constituents, he just may be. Maurico Morales feels the pain whenever he puts gasoline in his car. Seeing prices nearing $4 a gallon, Morales wants the United States to look into any measures, including domestic drilling, that will make filling up less draining on his wallet. “If we have the resources to do it here, why buy it from other countries?” said Morales, who works in New Canaan and commutes daily...
  • NY Times Blows Story on Drilling Dangers. Another fact check fails.

    02/28/2011 9:51:27 AM PST · by SeekAndFind · 13 replies
    Hotair ^ | 02/28/2011 | Jazz Shaw
    There seems to be little question remaining over whether or not there is a rather blatant agenda in some segments of the media when it comes to natural gas drilling in this country. For the latest example, one need look no further than Ian Urbina’s latest piece in the New York Times with the excitable title, Regulation Lax as Gas Wells’ Tainted Water Hits Rivers.Never one to soft sell a good meme, the Times skips right past any of the normal environmental hazards associated with energy exploration and goes right for… radiation! With hydrofracking, a well can produce over a...