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Keyword: energy

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  • Obama to pitch $52M plan to regulate oil markets

    04/17/2012 5:32:47 AM PDT · by Oldeconomybuyer · 28 replies
    FOX News ^ | April 17, 2012
    WASHINGTON – Under pressure to take action on rising gasoline prices, President Obama wants Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions. The White House plan, which Obama was to unveil Tuesday, is more likely to draw sharp election-year distinctions with Republicans than have an immediate effect on prices at the pump. The measures seek to boost spending for Wall Street enforcement at a time when congressional Republicans are seeking to limit the reach of federal financial...
  • Delta Air Could Buy Conoco's Trainer Refinery For $100M-$150 Mln .

    04/16/2012 8:50:39 PM PDT · by Lorianne · 25 replies
    Wall Street Journal ^ | 05 April 2012 | Isabel Ordonez, Susan Carey and Tom Fowler
    Delta Air Lines Inc (DAL), burdened by the soaring cost of jet fuel, is seriously thinking of making some of its own by buying an idled ConocoPhillips (COP) refinery near Philadelphia, people familiar with the matter said Thursday. Delta, the world's second-biggest airline by traffic, is in talks with Conoco to acquire its Trainer, Pa., facility at a cost of $100 million to $150 million, one person familiar with the matter said. Delta would hire an outside firm to run the refinery. The move could help supply Delta's operations at La Guardia ...
  • Executive Order -- Supporting Safe & Responsible Development of Unconventional Domestic Natural Gas

    04/16/2012 11:11:52 PM PDT · by SatinDoll · 22 replies
    The White House Press Office ^ | 04/13/2012 | President B.H.Obama II
    By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to coordinate the efforts of Federal agencies responsible for overseeing the safe and responsible development of unconventional domestic natural gas resources and associated infrastructure and to help reduce our dependence on oil, it is hereby ordered as follows: Section 1. Policy. In 2011, natural gas provided 25 percent of the energy consumed in the United States. Its production creates jobs and provides economic benefits to the entire domestic production supply chain, as well as to chemical and...
  • APPA sues EPA over mercury rule, saying deadlines 'unachievable'

    04/16/2012 4:27:40 PM PDT · by Oldeconomybuyer · 10 replies
    Platts.com ^ | April 16, 2012 | by Cathy Cash
    Washington - The American Public Power Association, in a rare move, is suing the US Environmental Protection Agency over its new Mercury and Air Toxics Standards and urging the agency to reconsider the national mandate's deadlines. It said the deadlines are "unachievable" for public power utilities that face state and municipal legal requirements. This is the first time the trade association for state and local governments that own and operate electric power has filed suit against EPA over regulations. The rule takes effect Monday.
  • Dropping Fossil Fuels For Green Energy Would Be Foolish

    04/16/2012 3:59:38 PM PDT · by Oldeconomybuyer · 1 replies
    Investors.com ^ | April 16, 2012 | Editorial
    Barack Obama has been promising a green future since before he was president. While we might one day be powered by renewable energy, there's no reason to rush it. Fossil fuels are still abundant, reliable and cheap. Roughly 85% of our domestic energy is provided by fossil fuels. They generate more than 96% of the energy used in transportation and about 67% of the electricity we consume. Despite promises and commands from the Obama administration — the president pledged in 2009 to cut oil consumption 35% by 2030, for instance — these ratios aren't going to change much in coming...
  • Eight American islands in the Bering Sea to be given to Russia by Obama!

    04/16/2012 9:50:48 AM PDT · by Mr Apple · 39 replies
    Joe Miller.com ^ | Published: 02/16/2012 | Joe Miller
    Part of Obama’s apparent war against U.S. energy independence includes a foreign-aid program that directly threatens my state’s sovereign territory. Obama’s State Department is giving away seven strategic, resource-laden Alaskan islands to the Russians. Yes, to the Putin regime in the Kremlin. The seven endangered islands in the Arctic Ocean and Bering Sea include one the size of Rhode Island and Delaware combined. The Russians are also to get the tens of thousands of square miles of oil-rich seabeds surrounding the islands. The Department of Interior estimates billions of barrels of oil are at stake. The State Department has undertaken...
  • Dem. lawmaker 'proud' that EPA regs have 'scrapped' three coal power plants in Nevada

    04/16/2012 11:11:40 AM PDT · by NevadaPolicyResearchInstitute · 26 replies
    Write on Nevada ^ | April 15, 2012 | Victor Joecks
    In case you needed any more evidence that President Obama's "all of the above" talking point on energy policy is a joke, Nevada Assemblyman "Tick" Segerblom, D.-Clark County, just wrote an op-ed bragging about how a recent ruling from Obama's EPA will kill coal power. Media analysts from left and right are predicting that the most recent EPA rule-making decision spells the ultimate end of Big Coal as utilities turn to cleaner, cheaper sources for energy. In the five years since the Supreme Court made its ruling, Nevada has moved faster than many other states to accommodate a new regulatory...
  • Researchers Add 'A Dash of Carbon' to Create Nanosponges {for oil spills}

    04/16/2012 10:28:48 AM PDT · by thackney · 5 replies
    Rig Zone ^ | April 16, 2012 | Rice University
    Researchers at Rice University and Penn State University have discovered that adding a dash of boron to carbon while creating nanotubes turns them into solid, spongy, reusable blocks that have an astounding ability to absorb oil spilled in water. That's one of a range of potential innovations for the material created in a single step. The team found for the first time that boron puts kinks and elbows into the nanotubes as they grow and promotes the formation of covalent bonds, which give the sponges their robust qualities. The researchers, who collaborated with peers in labs around the nation and...
  • Texas to Play Significant Role in Future U.S. Crude Oil Growth

    04/16/2012 10:14:28 AM PDT · by thackney · 4 replies
    Rig Zone ^ | April 16, 2012 | Karen Boman
    Growing U.S. crude oil production has placed the nation within spitting distance of the world's largest producers, Saudi Arabia and Russia, and has made the U.S. more significant on the world energy stage than Iran, China, Iraq or Venezuela. The state of Texas has a significant role to play in this growth, with production anticipated to reach 2 million barrels of oil per day (MMbopd) in the next few years, thanks to Eagle Ford shale, Permian Basin fields and other plays, said Texas Railroad Commissioner Barry Smitherman. "We've been blessed with abundant natural resources such as oil, natural gas, coal,...
  • Power Grab for Natural Gas – New Executive Order

    04/16/2012 7:41:18 AM PDT · by yoe · 16 replies
    Canada Free Press ^ | April 14, 2012 | Dr. Ileana Johnson Paugh
    <p>The order states, “While natural gas production is carried out by private firms, and States are the primary regulators of onshore oil and gas activities, the Federal Government has an important role to play by regulating oil and gas activities on public and Indian trust lands, encouraging greater use of natural gas in transportation, supporting research and development aimed at improving the safety of natural gas development and transportation activities, and setting sensible, cost-effective public health and environmental standards to implement Federal law and augment State safeguards.”</p>
  • Obama Exec Order Takes Natural Gas Away From States

    04/16/2012 7:05:51 AM PDT · by TexasVoter · 72 replies
    The White House ^ | 04/13/2012 | Barack Obama
    Because efforts to promote safe, responsible, and efficient development of unconventional domestic natural gas resources are underway at a number of executive departments and agencies (agencies), close interagency coordination is important for effective implementation of these programs and activities. To formalize and promote ongoing interagency coordination, this order establishes a high-level, interagency working group that will facilitate coordinated Administration policy efforts to support safe and responsible unconventional domestic natural gas development.
  • NASA shows off new algae farming technique for making biofuel

    04/16/2012 7:11:14 AM PDT · by Red Badger · 68 replies
    http://phys.org ^ | 04-16-2012 | Bob Yirka
    NASA is clearly looking far into the future for a way to handle both human waste and a need for fuel on either long space flights or when attempting to colonize another planet. To that end, they’ve assigned life support engineer Jonathan Trent the task of coming up with a way to use algae to solve both problems at once. His solution is to use plastic bags floating in seawater as small bioreactors, containing wastewater, sunlight and carbon dioxide to grow algae that can be used as a means to create biofuel. The whole thing is called Offshore Membrane Enclosures...
  • Alaska Senate passes revised oil tax bill {Alaska}

    04/16/2012 4:52:14 AM PDT · by thackney · 9 replies
    AP via Fiarbanks Daily News-Miner ^ | Apr 14, 2012 | Becky Bohrer
    The Alaska Senate on Saturday passed a bill intended to encourage new field oil production, just days after an overhaul of Alaska's oil tax structure stalled in the Senate's bipartisan majority caucus. A piece of that overhaul was a tax break for oil production in new fields. On Saturday morning the Senate Finance Committee grafted a version of that from the stalled SB192 onto a House bill intended to encourage more oil and gas drilling in select basins around the state. The bill, which passed 17-3, must go back to the House, which would have to agree to the changes...
  • Wind power sagging - "That was quite a surprise to all of us"

    04/16/2012 12:04:41 AM PDT · by Cincinatus' Wife · 30 replies
    Arizona Daily Sun ^ | April 15, 2012 | Cyndy Cole
    Only months after Coconino County's first major wind energy farm got up and running this winter, the utility buying its power says more wind farms here are unlikely -- at least for now. Cost is the bottom line, with the sun beating the wind on both equipment prices and time-of-day power production. This disadvantage for wind could have some implications for a handful of other big wind projects proposed in Coconino County. A worldwide glut of solar panels produced at lower costs (including from China) has cut solar panel prices to a fraction of their former cost. So Arizona Public...
  • Obama appoints Soros-linked immigration advisor to lead natural gas council

    04/14/2012 5:07:02 AM PDT · by mgist · 15 replies
    Canada Free Press ^ | April 13, 2012 | Unknown
    WASHINGTON D.C. — President Obama released today an executive order claiming to support safe and responsible development of unconventional domestic natural gas resource.  The order creates an interagency working group led by the chairman of the White House Domestic Policy Council, Ceclia Munoz, who formerly led the Center for Community Change and the Open Society Institute — two organizations with close ties to billionaire George Soros, ACORN, MoveOn, and other radical groups with a record of opposing the development of America’s organic fossil fuels.
  • PN Bakken: Oil not from shale {Bakken education thread}

    04/14/2012 4:26:28 AM PDT · by thackney · 8 replies
    Petroleum News ^ | Week of April 15, 2012 | Kay Cashman
    In the process of putting together the first edition of Petroleum News Bakken, we decided a geology lesson was needed. Welcome to Petroleum News Bakken. I hope you like our first edition well enough to check in twice a month — first and third weeks. Our editor, Ray Tyson, and I were born and raised in the Midwest; Ray in South Dakota, where he returned to live and work several years ago, and me in Minnesota. But nothing prepared us for the shock of the oil boom in nearby states and provinces. I’m staying in Alaska, focusing on the industry...
  • PN Bakken: Helms: well costs up, industry uses $86 oil, at $55 lose rigs

    04/14/2012 4:21:54 AM PDT · by thackney · 33 replies
    Petroleum News ^ | Week of April 15, 2012 | Kay Cashman
    The North Dakota Industrial Commission, Department of Mineral Resources, has released a new and higher average cost for drilling and completing Bakken wells in North Dakota. Lynn Helms, director of the department that includes the state’s oil and gas division and geological survey, is now quoting $8.5 million for drilling and completing a Bakken well, versus the $7.3 million estimate he used in a December presentation, and the $6.6 million figure he used in August. (See related story on well costs on page 1 of this issue.) The latest estimate is in a slide he used in a March 20...
  • On to the floor: Senate Finance moves production tax, SB 192 {Alaska}

    04/14/2012 4:17:05 AM PDT · by thackney · 17 replies
    Petroleum News ^ | Week of April 15, 2012 | Kristen Nelson
    As the Alaska Legislature moves toward an April 15 adjournment, a bill basically two years in the making is finally moving to its first floor vote. Senate Bill 192 began life in the Senate Resources Committee earlier this session after the Senate refused to consider the governor’s tax change bill, House Bill 110, which the House passed last year. Senators said at the time that they needed more information before making any changes to the production tax system initially crafted as the Petroleum Profits Tax, or PPT, in 2006 under Gov. Frank Murkowski, and then rewritten in 2007 as ACES...
  • Canol shale in NWT’s Central Mackenzie Valley game changer {Canada}

    04/14/2012 4:13:34 AM PDT · by thackney · 1 replies
    Petroleum News ^ | Week of April 15, 2012 | Gary Park
    In a straight line, they’re 4,200 miles apart. And they’re years apart in commercializing their resources. But, even if they’re not in the same geographical and time zone, the Canol shale in the Central Mackenzie Valley of the Northwest Territories and the heart of the Bakken in North Dakota have a common bloodline. The Bakken is already living proof of the success new technology has in spawning a new generation hydrocarbon basin. The Canol shale shares that ambition to become a game changer, turning Canada’s North into a major unconventional oil and natural gas producer. While the Bakken pushes boldly...
  • Rethinking America’s Energy Policy

    04/13/2012 10:50:47 PM PDT · by neverdem · 13 replies
    The American Magazine ^ | April 10, 2012 | Rep. Fred Upton
    It is an exciting time for American energy, but only if American energy policy spurs innovations rather than stifling them. U.S. energy policy needs a reboot—a broad reassessment of our strategies—because much of what we thought we knew has either dramatically changed or turned out to be plain wrong.When I first became involved in these issues, President Jimmy Carter told us our domestic energy supplies were running out and a foreign cartel would determine everything from the cars we drove to the temperatures in our homes. The future he painted looked bleak.Consider oil and natural gas. Not long ago, many...