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Keyword: drilling

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  • Is shale a mineral? (Marcellus Shale)

    09/22/2011 9:39:03 AM PDT · by Erik Latranyi · 24 replies
    Pittsburgh Tribune-Review ^ | 22 September 2011 | Timothy Puko
    For anyone who's played the game "Animal, Vegetable, Mineral," it might seem obvious that the Marcellus shale isn't alive and doesn't grow -- it's a rock layer in the ground, so it's a mineral. In the Pennsylvania courts, the answer is not so clear. A Susquehanna County Common Pleas court is headed for a hearing to determine whether the gas-rich Marcellus shale is a mineral, and therefore, included in mineral rights. The state Superior Court ruled this month that case law is unclear, leaving big questions over who legitimately controls drilling rights and the valuable natural gas in the mile-deep...
  • There Will Be Oil (advocates of 'peak oil' have wrongly been predicting a crisis in energy supplies)

    09/19/2011 2:25:22 PM PDT · by SeekAndFind · 46 replies
    Wall Street Journal ^ | 09/19/2011 | Daniel Yergin
    Since the beginning of the 21st century, a fear has come to pervade the prospects for oil, fueling anxieties about the stability of global energy supplies. It has been stoked by rising prices and growing demand, especially as the people of China and other emerging economies have taken to the road. This specter goes by the name of "peak oil." Its advocates argue that the world is fast approaching (or has already reached) a point of maximum oil output. They warn that "an unprecedented crisis is just over the horizon." The result, it is said, will be "chaos," to say...
  • 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...
  • Report says we have more oil than we thought

    09/16/2011 1:38:46 PM PDT · by Obadiah · 23 replies
    Houston Chronicle ^ | 9/15/2011 | Tom Fowler
    A new report that predictably found huge potential natural gas supplies in the U.S. also contained news its own writers found surprising - that oil is more abundant than they thought. "Contrary to conventional wisdom the North American oil resource base also could provide substantial supply for decades ahead," the report said.
  • EU tells Ankara to back off

    09/09/2011 10:57:57 AM PDT · by LibWhacker · 17 replies
    Cyprus Mail ^ | 9/9/11 | Stefanos Evripidou
    THE EUROPEAN Commission yesterday issued its strongest rebuke yet to Turkey over its threatening behaviour towards Cyprus’ efforts to drill for hydrocarbon reserves within its own Exclusive Economic Zone (EEZ). Unfazed, Turkish Prime Minister Recep Tayyip Erdogan continued to raise the stakes in his row with Israel and Cyprus over hydrocarbon explorations in the eastern Mediterranean, vowing yesterday to stop them from exploiting natural resources in the area while also pledging to send warships to escort aid to Gaza. The EU, through Enlargement Commissioner Stefan Fule yesterday “urged Turkey to refrain from any kind of threat, sources of friction or...
  • Reps. West, Wasserman Schultz agree on Everglades drilling opposition

    09/01/2011 7:23:22 PM PDT · by hout8475 · 31 replies
    The Hill ^ | 08/31/2011 | Alicia M. Cohn
    Rep. Allen West's (R-Fla.) opposition to oil-and-gas drilling in the Everglades put him on the side of his fellow Florida Rep. Debbie Wasserman Schultz (D), with whom West has feuded publicly.
  • Libya, Khaddafy’s impact on the U.S. (the rookie Hussein's war for oil)

    08/31/2011 1:45:07 PM PDT · by Libloather · 1 replies
    WNDU ^ | 8/28/11 | Erin McGinn
    Libya, Khaddafy’s impact on the U.S.Reporter: Erin McGinn Posted: 10:44 AM Aug 28, 2011 Here in Michiana, we are more than 5,000 miles away from everything going on right now in Libya. So how does this affect us? Libya is the fourth largest country in Africa. Nearly two million people live in Tripoli alone, that is the area where Moammar Khaddafy has held the most power. The United States has a vested interest in the country’s oil production. In fact, Libya has the largest oil reserve in all of Africa. Experts agree that a resolution to this conflict would help...
  • Earthquake in Virginia

    08/23/2011 3:12:19 PM PDT · by Keli Kilohana · 31 replies
    8/23/2011 | self
    How long before hydro-fracture drilling for natural gas is blamed?
  • Pa. lawmaker suggests spread of STDs 'amongst womenfolk' a side effect of natural gas drilling

    08/17/2011 10:35:39 AM PDT · by rightwingintelligentsia · 32 replies · 1+ views
    AP via Penn Live ^ | August 17, 2011
    HARRISBURG, Pa. — A state lawmaker is explaining his remark that suggests the impact of Pennsylvania's booming natural gas industry includes the spread of sexually transmitted disease "amongst the womenfolk." Democratic Rep. Michael Sturla of Lancaster County was expected to discuss the remark at a previously scheduled hearing Wednesday on gas drilling.
  • Federal judge throws out Obama drilling rules

    08/13/2011 8:26:34 AM PDT · by clove · 17 replies
    Seattle Pi ^ | 06:02 p.m., Friday, August 12, 2011 | MEAD GRUVER
    CHEYENNE, Wyo. (AP) — A judge on Friday threw out Obama administration rules that sought to slow down expedited environmental review of oil and gas drilling on federal land. U.S. District Judge Nancy Freudenthal ruled in favor of a petroleum industry group, the Western Energy Alliance, in its lawsuit against the federal government, including Interior Secretary Ken Salazar. The ruling reinstates Bush-era expedited oil and gas drilling under provisions called categorical exclusions on federal lands nationwide, Freudenthal said. The government argued that oil and gas companies had no case because they didn't show how the new rules, implemented by the...
  • Drilling for National Security

    08/08/2011 6:15:38 AM PDT · by cap10mike · 20 replies
    BizPacReview.com ^ | August 8, 2011 | Michael Dorstewitz
    The next presidential election is 15 months away, and 2012 (like most elections) will come down to the mundane, everyday, bread-and-butter issue of economics. I submit that the biggest economic indicator is the price of gasoline. Back in 2006, Nancy Pelosi railed about high gasoline prices, asserting that they were the result of “Big Oil” running the government. Barack Obama picked up on this theme during his 2008 presidential bid, and said he "felt the pain" of those who had to pay exorbitant gas prices.
  • KMBC's Exclusive Interview With President Obama (gas prices 'to remain stable over the short term')

    07/21/2011 5:17:14 AM PDT · by Libloather · 14 replies
    KMBC ^ | 7/20/11
    KMBC's Exclusive Interview With President ObamaUPDATED: 5:02 pm CDT July 20, 2011 Watch The Entire Interview On KMBC.com **SNIP** Q: Lara Moritz: “One thing that also is something that is frustrating Kansans and Missourians is that almost overnight, gas prices jumped $.20 this week. They averaged $3.68. What do we do about that?” A: President Obama: “This has been a big headwind that we’ve experienced in the economy. Because gas prices not only take money directly out of people’s pockets. But psychologically every time you pass a filling station you say boy, things are getting tough out there. And that...
  • N.C. Senate overrides all 6 vetoes (corrupt RAT gov Perdue now LOVES offshore drilling)

    07/14/2011 10:06:17 AM PDT · by Libloather · 3 replies
    Charlotte Observer ^ | 7/14/11 | Craig Jarvis and Lynn Bonner
    N.C. Senate overrides all 6 vetoesAction against Perdue may be just a message. There's no guarantee the House will do the same. By Craig Jarvis and Lynn Bonner Staff Writers Posted: Thursday, Jul. 14, 2011 RALEIGH In quick order and with little debate, the state Senate overrode all six vetoes of its bills on Wednesday, sending Gov. Bev Perdue a clear - if not necessarily effective - message. Although the Republican-controlled Senate flexed its muscles, successful overrides aren't guaranteed in the House and so might amount to no more than an opportunity to make a political statement. After the votes,...
  • Government Seizes Control of Energy Reporting

    06/22/2011 6:33:52 AM PDT · by IbJensen · 6 replies
    Right Side News ^ | 6/22/2011 | Thomas D Segal
    The Day Freedom Dies - Harlingen, Texas, June 21, 2011: It was 38 years ago that a group of journalist acquaintances gathered in my Manila, Philippines hotel room to tell me about the arrest of another friend who had written with disfavor about the Marcos government. They were not even allowed to visit or correspond with him in any way. These writers also showed me how newspapers and television presented events in their country that was living under martial law. Nothing reflecting disfavor of the government could be printed or voiced. Now we fast forward to this morning’s newspaper in...
  • House Panel Passes Bill to Streamline Issuance of Air Permits for Oil Drill

    06/02/2011 8:32:28 PM PDT · by Rabin · 4 replies
    rigzone.com ^ | Thursday, June 02, 2011 | Tennille Tracy
    Unlike drilling projects in parts of the Gulf of Mexico, where the Interior Department is responsible for granting air permits, Arctic projects require approval from the EPA. The EPA's process for approving Clean Air Act permits for offshore drilling came into focus after Shell struggled to secure clean-air permits for drilling projects in the Beaufort and Chukchi seas spent about $3.5 billion to explore and prepare for those projects, but EPA, clean-air regulatory hurdles have prevented the company from obtaining necessary approvals… "It's time to either give the permits now or stop altogether," said Rep. Fred Upton (R., Mich.), chairman...
  • Palin: End All Energy Subsidies

    06/01/2011 5:55:00 PM PDT · by Kaslin · 39 replies
    IBD Editorials ^ | June 1, 2011 | Staff
    Energy Policy: The former governor of energy-rich Alaska calls the administration's bluff: End tax breaks for all forms of energy, she says, and let the free market pick winners and losers. End the ethanol pandering too. She isn't running, or riding, for president, at least not yet. But at a stop on her One Nation bus tour, Sarah Palin offered a winning idea for an economy strapped for energy and jobs and saddled with unsustainable debt. "I think all our energy subsidies need to be re-looked at today and eliminated," Palin told Scott Conroy of Real Clear Politics during a...
  • Chu Pimps Your Budget at the Pump

    06/01/2011 9:20:20 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | June 1, 2011 | Bob Beauprez
    Memorial Day normally kicks off the summer vacation and heavy driving season, but with gas prices at the pump more than twice as expensive as they were two years ago, American families are being forced to stay close to home and pull back on normal family expenses.   The cost to fill up the tank is consuming 40% more of the family budget than it did last summer.  According to AAA, 17 cents of every consumer dollar is spent at the pump, up from 12 cents one year ago.  That has consequences, of course.  "Dining, shopping, museums, and gambling are taking...
  • Video: The costs of Obama’s drilling moratorium – one year later

    05/27/2011 2:04:17 PM PDT · by Nachum · 5 replies
    The Blaze ^ | 5/27/11 | Meredith Jessup
    How much did the Obama administration’s knee-jerk moratorium on offshore drilling cost residents on the Gulf of Mexico last year? Although the moratorium was lifted after six months, the Heritage Foundation notes that nothing changed. It was only after tens of thousands of jobs were lost and gas prices soared that the Obama administration began approving a permit here and there. This lagging energy exploration has had serious impacts on the energy industry and, as a result, the entire U.S. economy:
  • The Shale Gas Boom: Energy Exploration in Carolina

    05/23/2011 11:08:18 AM PDT · by thackney · 4 replies
    The Fayetteville Observer via Rig Zone ^ | May 23, 2011 | Michael Futch
    For now, state geologists are finished with their research in central North Carolina. After studying 59,000 acres in the Deep River basin for 15 years, they have concluded that Lee, Chatham and Moore counties could produce enough natural gas from shale to make North Carolina self-sufficient for 40 years at current levels of consumption. "That's what we think," said Kenneth Taylor, chief of the N.C. Geological Survey. "We could become a net exporter." The geologists recently sent their findings to the U.S. Geological Survey in Denver, which is being asked to assess the full potential of the Sanford sub-basin, a...
  • With narrow majority, Senate Democrats adopt minimalist agenda (Dingy & RATS block new drilling)

    05/21/2011 3:23:18 PM PDT · by Libloather · 1 replies
    Washington Post ^ | 5/20/11 | David A. Fahrenthold and Paul Kane
    With narrow majority, Senate Democrats adopt minimalist agendaBy David A. Fahrenthold and Paul Kane, Published: May 20 Just one year ago, the Democrats who controlled the Senate had won their latest landmark victory: passage of a bill to remake financial regulation. Today, Democrats still run the Senate, but their agenda looks a good bit different. This week, the highlight was a vote to end tax breaks for oil companies. As expected, they lost. Senate Democrats are in a historically difficult spot. House Republicans have the energy. President Obama has the spotlight. And thus they have become the third wheel of...
  • Scientists plan to drill all the way down to the Earth's mantle

    05/21/2011 2:39:22 PM PDT · by Windflier · 97 replies
    PhysOrg Mobile ^ | 25 March 2011 | Unknown
    (PhysOrg.com) -- In what can only be described as a mammoth undertaking, scientists, led by British co-chiefs, Dr Damon Teagle of the National Oceanography Centre in Southampton, England and Dr Benoit Ildefonse from Montpellier University in France, have announced jointly in an article in Nature that they intend to drill a hole through the Earth’s crust and into the mantle; a feat never before accomplished, much less seriously attempted.
  • Democrats probe Koch's interest in oil sands pipe

    05/20/2011 3:47:34 PM PDT · by Berlin_Freeper · 29 replies
    Reuters ^ | May 20 2011 | Reuters
    Democratic U.S. lawmakers have asked Congressional panels to look into whether Koch, an energy company led by brothers who are powerhouses in conservative politics, will benefit if the Obama administration approves a $7 billion pipeline to bring crude from Canada into the United States. U.S. Representatives Henry Waxman and Bobby Rush wrote a letter on Friday to Republicans chairing the House Committee on Energy and Commerce and one of its subcommittees, asking them to request documents from Koch Industries regarding the extent to which the company would benefit if the Keystone XL oil sands line would be built. Privately held...
  • Obama Can't Feel Your Pain at the Pump

    05/20/2011 7:51:28 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | May 20, 2011 | Bob Beauprez
    The price at the pump has increased 28% in just the last four months, 116% since Barack Obama took office.  The reaction from the White House and the Democrats?  Punish the energy industry with $85.5 billion in new taxes – a penalty that will further discourage domestic production and sure to be passed on to consumers driving prices even higher. The President says that oil and gas should pay their "fair share."  I did a little checking and found that the industry pays an average 41.1% of net income in taxes compared to 26.5% for all other S&P industrials.  Only...
  • (Democrat Controlled) Senate rejects GOP oil drilling plan

    05/18/2011 6:05:39 PM PDT · by tobyhill · 29 replies
    cnn ^ | 5/18/2011 | cnn
    The Senate rejected a Republican measure Wednesday to expand offshore oil and gas drilling in U.S. coastal waters, signaling a continued partisan stalemate over energy policy and, more specifically, how to respond to rising gas prices. The bill was defeated in a 42-57 vote. Sixty votes were required for passage. Five Republicans -- Alabama's Richard Shelby, Louisiana's David Vitter, Maine's Olympia Snowe, South Carolina's Jim DeMint, and Utah's Mike Lee -- voted against the bill.
  • Foreign Minister About Shale Gas: A Great Opportunity to Strengthen the Polish Position

    05/18/2011 3:41:17 PM PDT · by dmam2011 · 1 replies
    Poland News ^ | May 18, 2011 | AG
    Polish Foreign Minister Radoslaw Sikorski is convinced that Poland can exploit the full potential of shale gas.
  • Editorial: Don't Let Alaska Oil Pipeline Shut Down

    05/17/2011 6:45:40 PM PDT · by Kaslin · 16 replies
    IBD Editorials ^ | May 17, 2011 | Staff
    Energy: Lack of oil volume due to administration bans on new Alaskan drilling may force the shutdown of the Trans-Alaska Pipeline, denying us even the tens of billions of barrels left in already developed fields. The Trans-Alaskan pipeline is dying, another casualty of the Obama administration's war on domestic fossil fuel energy and its deliberate effort to drive up energy prices to make so-called "green" energy alternatives more attractive. It was built to handle the oil produced on Alaska's North Slope at Prudhoe Bay and was a marvel of American engineering and exceptionalism. When oil exploration began in Prudhoe Bay,...
  • Drill, Maybe, Drill

    05/16/2011 6:14:08 PM PDT · by Kaslin · 6 replies
    IBD Editorials ^ | May 16, 2011 | Staff
    Energy: Extending existing oil leases as the president has proposed accomplishes nothing if the White House's environmental handcuffs won't let them be used. Lucy wants to hold the football for Charlie Brown again. When President Obama said during his Saturday radio address that "we should increase safe and responsible oil production here at home," the operative words were "safe and responsible." We will drill if it's safe for polar bears, caribou and West Texas lizards, and if it doesn't contribute to the "climate change" myth. Similar words were used to justify the seven-year moratorium on offshore drilling off both coasts,...
  • Drill, ’Bama, Drill?

    05/15/2011 11:10:56 AM PDT · by Delacon · 39 replies · 1+ views
    National Review Online/Planet Gore ^ | May 14, 2011 8:45 A.M. | Greg Pollowitz
    Washington Post headline: Obama looks to drilling to relieve oil pricesIn an effort to defuse Republican and oil industry pressure over drilling permits and soothe public anger over gasoline prices, President Obama will order the Interior Department to conduct annual lease sales in Alaska’s National Petroleum Reserve and speed up seismic work that is a precursor to drilling off the south and mid-Atlantic coasts.In his Saturday radio address, Obama will also extend oil company leases in the Gulf of Mexico and Alaska where work was delayed by the drilling moratorium the president imposed during the massive Gulf of Mexico oil...
  • Obama’s Oil Drilling Subterfuge

    05/16/2011 8:46:17 AM PDT · by Qbert · 24 replies
    Redstate ^ | 5/16/2011 | Daniel Horowitz
    Many liberals in the media are expressing shock over Obama’s apparent willingness to increase oil production.  We all know that he is full of …, I mean ethanol, and they do too. Those of you who were befuddled at the news that Obama will ‘expand drilling’ in Alaska are not missing anything.  Obama has pulled this political chicanery a number of times.  Whenever a specific proposal that he so adamantly opposes becomes too popular to ignore, he announces his support for it by promising to implement inconsequential reforms.  To that end, he declared during his Saturday radio address that he...
  • The Obama Oil Drilling “Head Fake”

    05/16/2011 8:46:03 AM PDT · by Lexluthor69 · 10 replies
    The Silent Majority ^ | 05-15-11 | Southernman
    The New York Times is reporting “Obama to Open Offshore Areas to Oil Drilling for First Time”. Time to pop the corks on the champagne and celebrate. Right? Maybe not. At first blush this seems to be a major reversal for the administration and a win for domestic drilling advocates. If we can believe what the times is reporting: WASHINGTON — The Obama administration is proposing to open vast expanses of water along the Atlantic coastline, the eastern Gulf of Mexico and the north coast of Alaska to oil and natural gas drilling, much of it for the first time,...
  • Energy Fact of the Week: Don’t Look Now, But We’re Drilling, Baby

    05/16/2011 6:48:18 AM PDT · by SeekAndFind · 9 replies
    The American ^ | 05/16/2011 | Steven Hayward
    While everyone, including me, is talking about the “natural gas revolution” these days, slowly and quietly one other surprise has been taking shape: a revival in domestic oil drilling. As of mid-April, the number of oil drilling rigs passed up the number of gas drilling rigs in the United States, according to the Baker-Hughes rig count released this week by the Energy Information Administration. Ten years ago, as the figure displays, the ratio of gas to oil rigs was as high as four-to-one.The reason for this dramatic turnabout is simple: falling natural gas prices, and rising oil prices. The...
  • 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 : Here’s 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 minotaur’s 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. “It’s absurd that the president keeps simultaneously claiming there’s 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, I’m 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 administration’s 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 Who’s 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. It’s...
  • 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 they’re making record profits and you’re 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.