http://www.freerepublic.com/tag/energy/ en-us Fri, 25 Jul 2008 13:11:21 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-chat/2051118/posts A 50,000 to 100,000 barrel of oil equivalent a day pilot production scheme on Brazil's offshore Tupi field is planned to begin in 2011, the chief executive of BG Group PLC (BG.LN) Frank Chapman said Thursday. Speaking in a conference call he said an extended well test, with production in the range 10,000 to 20,000 barrels of oil equivalent a day, will begin on Tupi later this year in advance of the pilot program. http://www.rigzone.com/news/article.asp?a_id=64639 Rig Zone http://www.freerepublic.com/focus/f-chat/2051118/posts#comment Fri, 25 Jul 2008 13:11:21 GMT http://www.freerepublic.com/focus/f-news/2050989/posts Protestors Blame War For Pain At The Pump Citizen Action of New York chanted "No more war" Thursday afternoon in front of an Exxon station in Binghamton. The group believes the war in Iraq is the reason for high gas prices. But would an abrupt end to the war cause a quick drop in prices at the pump? That's what the protestors believe. "They're dependent on the Middle East but at the same time if they stop having wars with the Middle East then we won't have to pay so much," said a concerned Binghamton resident. Members of Citizen Action... WICZ http://www.freerepublic.com/focus/f-news/2050989/posts#comment Fri, 25 Jul 2008 04:41:21 GMT http://www.freerepublic.com/focus/f-news/2051104/posts CIUDAD JUAREZ, Chihuahua -- While consumers just across the Rio Grande in El Paso are paying about $4 a gallon for gas -- more for diesel -- government subsidies here have kept fuel prices well below the $3 per gallon mark. Those low prices have kept El Pasoans hopping the border to stay ahead of sky-rocketing fuel prices at home in the United States, many of them filling up portable tanks with diesel which sell for between $300 and $1,000 in El Paso. "Over the past three months with the price of diesel up where it is, we've seen an... KVIA-TV El Paso http://www.freerepublic.com/focus/f-news/2051104/posts#comment Fri, 25 Jul 2008 12:47:13 GMT http://www.freerepublic.com/focus/f-news/2051090/posts America’s gas prices are continuing to spiral out of control and Washington has done nothing to give our nation’s motorists the relieve they deserve. Record high prices are having a major impact on American consumers and businesses, from the way people travel to the way they do business to the food they buy at the grocery store. Congress has the ability to decrease prices at the pump and get our nation back to $2 a gallon gas – and it means accessing our nation’s available resources and opening up the Arctic National Wildlife Refuge (ANWR) today. Last weekend, I traveled... humanevents.com http://www.freerepublic.com/focus/f-news/2051090/posts#comment Fri, 25 Jul 2008 12:27:54 GMT http://www.freerepublic.com/focus/f-news/2050998/posts WASHINGTON -- The housing and financial crisis convulsing the U.S. is powering a new wave of government regulation of business and the economy. Federal and state governments alike are increasingly hands-on in their effort to deal with failing businesses, plunging house prices, worthless mortgages and soaring energy prices. The steps add up to a major challenge to the movement toward deregulation that has defined American governance for much of the past quarter-century since the "Reagan Revolution" of the early 1980s. ... The U.S. has swung back and forth from a hands-on to hands-off regulatory approach over the past 230 years.... Wall Street Journal http://www.freerepublic.com/focus/f-news/2050998/posts#comment Fri, 25 Jul 2008 05:06:33 GMT http://www.freerepublic.com/focus/f-news/2050928/posts NEW YORK -- Painfully high vehicle- and jet-fuel prices are propelling popular demands for extracting the estimated 18 billion barrels of petroleum that rest beneath America's coastal waters. After rescinding previous executive-branch objections, President Bush said July 14, "the only thing standing between the American people and these vast oil resources is action from the U.S. Congress." Capitol Hill Democrats claim offshore drilling poses unacceptable ecological risks. This is yet another overblown worry. Democrats and other environmental naysayers cite the 80,000 barrels that spilled six miles off of Santa Barbara, Calif., inundating beaches and aquatic life. This hydrocarbon Hindenburg haunts... Scripps Howard News Service http://www.freerepublic.com/focus/f-news/2050928/posts#comment Fri, 25 Jul 2008 01:30:34 GMT http://www.freerepublic.com/focus/f-news/2050915/posts Boehner calls Dems' energy bill 'joke' U.S. House Minority Leader John Boehner Thursday called the Democrats' efforts to free up the strategic oil reserve a joke. At his weekly news conference, Boehner, R-Ohio, said Democrats have been making one excuse after another for why we can't have more American-made energy. Boehner, fresh from trips to Colorado to inspect oil shale reserves and Alaska where he looked at conditions in the Arctic National Wildlife Refuge, said tapping those reserves would not lead to environmental catastrophe. The only people standing in the way of this are (House Speaker) Nancy Pelosi, (Senate Majority... Politicom.moldova http://www.freerepublic.com/focus/f-news/2050915/posts#comment Fri, 25 Jul 2008 01:03:28 GMT http://www.freerepublic.com/focus/f-news/2050910/posts The U.S. Congress is considering legislation that would require 70 million barrels of crude oil from the nation's Strategic Petroleum Reserve to be released to the open market in an effort to drive down gas prices. That would mean pumping oil out from man-made caverns where it is stored. Only twice in the reserve's 31-year history has oil been extracted for emergencies. Live Science http://www.freerepublic.com/focus/f-news/2050910/posts#comment Fri, 25 Jul 2008 00:56:29 GMT http://www.freerepublic.com/focus/f-news/2050898/posts TNK-BP: something rotten in the state of Russia David Wighton: Business Editor’s commentary With its tail between its legs, Britain's biggest company is being all but chased out of Russia. BP will try to put a brave face on the retreat of Bob Dudley, still nominally chief executive of TNK-BP, to the safety of St James's Square. But it does not look good. When you wish to assert your authority, the best way to conduct business is not by e-mail from an office thousands of miles away. If BP is to avoid a de facto transfer of management authority to... Times of London http://www.freerepublic.com/focus/f-news/2050898/posts#comment Fri, 25 Jul 2008 00:28:17 GMT http://www.freerepublic.com/focus/f-bloggers/2050906/posts The one thing we can credit liberals for is their very creative minds. They have this ability to imagine whimsically how the world can be refashioned to suite their various constituencies and accompanying agendas. In all of these lofty goals liberals are extremely adept at selling a goal by glossing over the negative consequences of their advocacy. In glossing over the negatives, they sell the goal as having magical abilities to solve all kinds of problems, in the real world we call this a panacea. Panaceas are born of wishful thinking by people who lack the ability, knowledge, skill or... Publius' Forum http://www.freerepublic.com/focus/f-bloggers/2050906/posts#comment Fri, 25 Jul 2008 00:42:00 GMT http://www.freerepublic.com/focus/f-news/2050874/posts Energy: It has become something of an article of faith among those who oppose drilling in the Arctic that it's too much trouble for too little oil. Well, how about 90 billion barrels of oil? Too little for you?That's how much oil is estimated to be in the Arctic region, with at least a third of it under sovereign U.S. territory, according to a new study by the U.S. Geological Survey. Put into perspective, the U.S. "official" estimate for total oil reserves is 21 billion barrels. So by putting our Arctic resources into play, we would more than double our... IBD Editorials http://www.freerepublic.com/focus/f-news/2050874/posts#comment Fri, 25 Jul 2008 00:05:15 GMT http://www.freerepublic.com/focus/f-news/2050865/posts - Jerry Taylor is a senior fellow at the Cato Institute. Virtually every claim made by T. Boone Pickens to justify the lavish subsidies he is seeking for his wind energy investments is flat wrong. First, oil imports are not the cause of high gasoline prices. On the contrary, oil imports serve to keep gasoline prices down. After all, we import oil for a reason -- it's cheaper than the domestic alternative. If we were to restrict our energy diet to energy produced in the United States, it would make domestic energy producers (like Mr. Pickens) far richer and energy... Financial Post http://www.freerepublic.com/focus/f-news/2050865/posts#comment Thu, 24 Jul 2008 23:50:56 GMT http://www.freerepublic.com/focus/f-news/2050827/posts Liberals have done a U-turn on conservative billionaire oilman T. Boone Pickens. Formerly reviled for funding the "Swift Boat Veterans for Truth" campaign against Sen. John Kerry, he's now adored by the Left — unfortunately, for trying to gaslight the rest of us on energy policy. This column recently spotlighted Pickens' proposed plan to get America off foreign oil by substituting wind-generated electricity for natural gas-generated electricity and then using the natural gas to replace gasoline. Already having addressed the proposal's flaws — and Pickens' plan to profit at taxpayer expense from it — let's consider how Pickens' marketing shades... Fox News http://www.freerepublic.com/focus/f-news/2050827/posts#comment Thu, 24 Jul 2008 22:48:43 GMT http://www.freerepublic.com/focus/f-news/2050824/posts NEW YORK: The race for petroleum resources above the Arctic Circle is likely to speed up in coming years, as the polar ice cap melts and access to oil and gas reserves in many other places around the world becomes more challenging. The lure of the Arctic as oil's next big frontier was vindicated this week as a major geological survey found the region might hold as much as a fifth of the world's yet to-be-discovered oil and natural gas reserves. Many of these new resources, according to the survey, are to be found in Russia. If true, that would... International Herald Tribune http://www.freerepublic.com/focus/f-news/2050824/posts#comment Thu, 24 Jul 2008 22:39:49 GMT http://www.freerepublic.com/focus/f-news/2050816/posts NEW YORK (CNNMoney.com) -- Oil's on sale! Okay, not really. At about $124 a barrel, crude is still up substantially from a year ago. But it's down 15% in just a couple of weeks, and the threat of $150 oil has faded for now. The stock market has taken notice. Despite some not-so-great news from many banks, stocks overall have rallied. So why is oil falling? And can it continue to do so? There's a simple answer to the first question: Oil prices are down sharply because oil prices were up sharply. The spike in oil has hurt consumers around... money.cnn.com http://www.freerepublic.com/focus/f-news/2050816/posts#comment Thu, 24 Jul 2008 22:30:07 GMT http://www.freerepublic.com/focus/f-news/2050793/posts ".....the End of the world is already near.....As  this same End of the world is drawing nigh , many unusual things will happen-----climatic changes, terrors from heaven, unseasonable tempests, wars, famines, pestilences and earthquakes."    The quotation is from a letter sent by a very famous and influential man to a European head of state. Its author is disclosed at the end of this essay. Climatology is a science. Climatism is an ideology. Climatologists are scientists. Climatists are social or political organizers who abuse climatology in the service of ideologues. Climatology was and still is an investigation of nature. Climatism is the... Right Side News http://www.freerepublic.com/focus/f-news/2050793/posts#comment Thu, 24 Jul 2008 21:48:29 GMT http://www.freerepublic.com/focus/f-news/2050774/posts Out here in West Texas we love our guns, we support our troops, and we treasure our freedom. We are an independent bunch and -- pardon me, Senator Obama -- fiercely but not bitterly so. We are proud to have our own things to do with as we choose to, as free people of the freest nation in the history of the world. We also walk around on top of oil: yes it’s far beneath us, but it’s there. And all these aspects of West Texas come together to our astonishment and anger over the fact that our independence is... humanevents.com http://www.freerepublic.com/focus/f-news/2050774/posts#comment Thu, 24 Jul 2008 21:13:58 GMT http://www.freerepublic.com/focus/f-news/2050764/posts "John McCain understands that high gas prices are squeezing family budgets and putting pressure on the small business, the job creating engine of the American economy. Senator McCain has proposed a comprehensive energy plan that will provide relief to American families through a gas tax holiday and will secure America's energy independence for the long-term through the development of alternative sources of energy and expanded oil exploration here at home." -- Taylor Griffin, McCain Spokesman Today, John McCain Will Talk With Local Small Business Owners About The Economic Challenges They Face And How We Can Create New Jobs In... johnmccain.com http://www.freerepublic.com/focus/f-news/2050764/posts#comment Thu, 24 Jul 2008 21:00:53 GMT http://www.freerepublic.com/focus/f-gop/2050765/posts Since President Bush announced an end to federal ban on offshore drilling, the price of oil has dropped over $20 a barrel, the stock market is ticking back up and the dollar has strengthened. And all this because, why? Well, because the markets can be almost totally assured that supply will increase with new drilling offshore. In other words, Republicans are/were right: More drilling = more oil = lower prices. Overseas stock markets were higher and Wall Street index futures pointed to a solid open as the cost of oil retreated further and traders turned a bit more hopeful about... Right Up Front http://www.freerepublic.com/focus/f-gop/2050765/posts#comment Thu, 24 Jul 2008 21:02:31 GMT http://www.freerepublic.com/focus/f-bloggers/2050729/posts * The economy is by far the No. 1 issue on most Americans' minds. Gas prices are a close second. The two issues are intimately related. But the spike in oil prices this year is just the tip of the iceberg. Due to similar developments in supply and demand, electricity prices are set to skyrocket next year. While American oil consumption has grown only 15% since 1973, electricity use has shot up 115%. Right now the U.S. has 760 gigawatts of power to meet consumption. We will need 135 gigawatts of new capacity over the next decade to keep the... The Foundary at The Heritage Foundation http://www.freerepublic.com/focus/f-bloggers/2050729/posts#comment Thu, 24 Jul 2008 19:58:34 GMT http://www.freerepublic.com/focus/f-news/2050742/posts I was listening to Rush Limbaugh at lunch today, and he mentioned that Ms. Nancy Pelosi (D, CA) was castigating the President for failing to release any of the "700 million barrels" of oil in the Strategic Petroleum Reserve (our emergency supply). Guess what? Nancy has been preventing the production of a lot more than 700 million barrels of our oil, and she has been doing it for years. Take a look here: http://www.mms.gov/omm/pacific/offshore/oil-gaspdfs/2000-063.pdf"Unproved reserves are estimated to be 1,316 million barrels of oil and 922 billion cubic feet of gas, in 25 fields."That's ONE BILLION, THREE HUNDRED AND SIXTEEN... http://www.freerepublic.com/focus/f-news/2050742/posts#comment Thu, 24 Jul 2008 20:17:06 GMT http://www.freerepublic.com/focus/f-news/2050723/posts WASHINGTON, DC – Sen. James Inhofe (R-Okla.), Ranking Member of the Environment and Public Works Committee, gave a floor speech on America’s energy policy today. Selected Excerpts of Inhofe’s Energy Speech “I believe that America is not running out of oil and gas or running out of places to look for oil and gas.  America is running out of places where the Democrats in Congress are allowing us to look for oil and gas. Again I ask, why should producing America's own resources be a partisan issue?  It shouldn't be, but it is.  The Democrats in Congress refuse to increase our... The U.S. Senate Committee on Environment & Public Works http://www.freerepublic.com/focus/f-news/2050723/posts#comment Thu, 24 Jul 2008 19:44:19 GMT http://www.freerepublic.com/focus/f-news/2050705/posts House rejects bill to sell oil from reserve Thu Jul 24, 2008 3:09pm EDT WASHINGTON (Reuters) - The U.S. House of Representatives rejected legislation on Thursday to sell 70 million of barrels of light, sweet crude from the Strategic Petroleum Reserve and replace it with heavy, sour crude. The bill would have required the sale of 10 percent of the emergency stockpile's holdings, or 70 million barrels, on the open market over six months. Proceeds from the sales would have been used to buy an equivalent amount of heavy crude, which is cheaper. The White House had threatened to veto... Reuters http://www.freerepublic.com/focus/f-news/2050705/posts#comment Thu, 24 Jul 2008 19:12:52 GMT http://www.freerepublic.com/focus/f-news/2050664/posts Misplaced Priorities A sweating Harry Reid thinks he's putting Tom Coburn on the hot seat. By David Freddoso While the top priority of most Americans — including a growing number of moderate Congressional Democrats — is legislative action on domestic oil exploration, Senate Majority Leader Harry Reid (D., Nev.) wants the world’s greatest deliberative body to set aside concerns over skyrocketing energy prices to deal with such pressing issues as interstate pet-monkey sales, a botanical garden in Maryland, and the establishment of a committee to encourage celebration of the War of 1812 bicentennial. Reid’s cloture motion on a 35-bill package... NRO http://www.freerepublic.com/focus/f-news/2050664/posts#comment Thu, 24 Jul 2008 17:58:39 GMT http://www.freerepublic.com/focus/f-news/2050648/posts The area north of the Arctic Circle has an estimated 90 billion barrels of undiscovered, technically recoverable oil and 1,670 trillion cubic feet of technically recoverable natural gas, the U.S. Geological Survey announced Wednesday. The USGS said technically recoverable resources are those produced using currently available industry practices and technology. The Arctic accounts for about 13 percent of the world's undiscovered oil and 30 percent of the undiscovered natural gas, the USGS reported. Foxnews http://www.freerepublic.com/focus/f-news/2050648/posts#comment Thu, 24 Jul 2008 17:31:48 GMT