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...
  • Podcast: I Spy Minute - The role of Speculation: Oil & Gas

    04/13/2012 4:25:16 PM PDT · by greenwill · 1 replies
    I Spy Salem ^ | 04/14/2012 | ISpyOnSalem
    What do money markets, antiques, gold, corn, wheat, and stocks in companies like Google or Apple have in common? They’re bought by speculators.
  • White House creates natural gas task force

    04/13/2012 12:05:55 PM PDT · by thackney · 19 replies
    Fuel Fix ^ | April 13, 2012 | Jennifer A. Dlouhy
    The Obama administration on Friday established a working group to coordinate federal regulation of natural gas production, amid industry complaints that an increasing number of government agencies are overseeing the activity. In issuing an executive order to create the interagency task force, President Barack Obama said the group was needed to make sure federal agencies that oversee “the safe and responsible development of unconventional domestic natural gas resources” are on the same page. “It is vital that we take full advantage of our natural gas resources while giving American families and communities confidence that natural and cultural resources, air and...
  • Analysis: Obama's "green jobs" have been slow to sprout

    04/13/2012 7:53:12 AM PDT · by Oldeconomybuyer · 6 replies
    Reuters ^ | April 13, 2012 | by Andy Sullivan
    ...Three years after Obama launched a push to build a job-creating "green" economy, the White House can say that more than 1 million drafty homes have been retrofitted. But the millions of "green jobs" Obama promised have been slow to sprout, disappointing many who had hoped that the $90 billion earmarked for clean-energy efforts in the recession-fighting federal stimulus package would ease unemployment - still above 8 percent in March. Supporters say the administration over-promised on the jobs front and worry that a backlash could undermine support for clean-energy policies in general. "All of this stuff is extraordinarily worthy for...
  • Obama Peddles Myths About High Gas Prices

    04/13/2012 7:26:24 AM PDT · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 04/12/2012 | IBD Staff
    Energy: To hear President Obama talk about energy, you'd think annual oil price spikes were routine and predictable. But it's another energy myth Obama peddles to avoid responsibility for high gas prices. In February, Obama lamented these "gas price spikes that happen every year." A few days later, he talked about the need to "take control of our energy future" so we could "avoid high gas prices every single year." For Obama, this is a convenient excuse. After all, price spikes can't possibly be his fault, since they happen "year after year." Except it's not true.
  • Obama regs to cut 7 mil car buyers out of market

    04/13/2012 7:23:53 AM PDT · by SumProVita · 31 replies
    The Examiner - Beltway Confidential ^ | April 12, 2012 | Conn Carroll
    The Corporate Average Fuel Economy (CAFE) regulations that President Obama announced last summer will make it impossible for 7 million lower income consumers to buy a new car according to a National Automobile Dealers Association (NADA) study released today. “While you can mandate what automakers must build, you can’t dictate what customers will buy, nor can you dictate if a bank will make a loan,” New Mexico Ford dealer Don Chalmers said today.
  • Earthquakes in Central U.S. ‘Almost Certainly’ Tied To Fracking

    04/13/2012 6:40:17 AM PDT · by BigEdLB · 70 replies
    NASDAQ ^ | 4/13/12 | Amir Khan
    Over the past few years, the number of earthquakes in the usually seismically calm central United States has skyrocketed. Now scientists are pointing the finger at hydraulic fracturing, better known as "fracking," as the culprit. Fracking is a method of extracting natural gas, the cleanest fossil fuel, from underground rocks. Proponents of natural gas say it could reduce the country's dependence on foreign oil since vast majority of it comes from within the country. Natural gas is also more plentiful and cheaper than oil. Read more: http://community.nasdaq.com/News/2012-04/earthquakes-in-central-us-almost-certainly-tied-to-fracking.aspx?storyid=133445#ixzz1rvY1bGUP
  • Who is this guy pretending to be president?

    04/13/2012 6:09:07 AM PDT · by radioone · 13 replies
    Investors.com ^ | 4-13-12 | Andrew Malcolm
    Has anyone seen Barack Obama recently? You know, the optimistic hopeful fellow with the charming smile who promised so many positive things four and five years ago, how he was going to change the harsh, partisan tone of our nation's capital and bring the country together as its first African American president. Even allowing for political hyperbole, his empty resume and the invisible witnesses from the past, Obama was such a Real Good Talker that even some who didn't vote for him still had hope that he could change some things for the better in what seemed a sadly-splintered society....
  • Exclusive Interview: Palin Talks Pain at the Pump Ahead of Fox News Special

    04/13/2012 5:42:56 AM PDT · by Timber Rattler · 49 replies
    Breitbart's Big Government ^ | April 13, 2012 | Breitbart News
    In an exclusive interview to Breitbart News, Sarah Palin discussed energy policy and her Fox News Special (with Eric Bolling) "Paying at the Pump," which airs tonight on FNC at 10pm ET. The program will re-air on Saturday and Sunday. She also touched on some other topics of the day...
  • Infrastructure could limit Bakken drilling

    04/13/2012 5:00:04 AM PDT · by thackney · 13 replies
    Fuel Fix ^ | April 13, 2012 | Associated Press
    nfrastructure challenges in western North Dakota could limit the number of oil and gas drilling rigs in the Bakken system’s rich Williston Basin, industry executives said at a conference. As companies have flocked to tap resources there, heavy equipment has overwhelmed roads while workers have filled up available housing. The problem is more acute in North Dakota than Montana, said Mark Williams, senior vice president of exploration and development at Whiting Petroleum Corp. There are close to 220 drilling rigs in the Williston Basin. “We could easily double the number of rigs, purely based on resources,” Williams said. However, he...
  • Kinder Morgan to expand Canada pipeline {for export to Asia}

    04/13/2012 4:57:57 AM PDT · by thackney · 8 replies
    Fuel Fix ^ | April 13, 2012 | Associated Press
    Kinder Morgan Energy Partners is throwing a $5 billion solution at Canada’s growing supply of stranded oil, announcing Thursday that it plans to nearly triple the capacity of a pipeline that would kick open the door to Asia. The project is one of the most expensive Kinder Morgan has undertaken, due in part to the terrain and environments through which the project would run, said Emily Mir, a spokeswoman for the company. The Houston-based pipeline giant said it will expand its Trans Mountain pipeline system, which traverses the Canadian Rockies en route from Edmonton, Alberta, to the Vancouver area of...
  • Truckers wanted for Eagle Ford Shale jobs

    04/13/2012 4:56:01 AM PDT · by thackney · 18 replies
    Fuel Fix ^ | April 13, 2012 | Dan X. McGraw
    Since the drilling frenzy began in the Eagle Ford Shale, the need for truck drivers has boomed along with it. Every company in the shale, it seems, needs commercial drivers to haul equipment, oil, water, sand and hazardous materials. Yet there aren’t enough qualified drivers. “Open any local newspaper, and they’re just full of jobs for truckers,” said Glynis Holm Strause, dean of institutional advancement at Coastal Bend College, which offers training at its South Texas campuses. The lure of jobs in the Eagle Ford Shale is even being felt in San Antonio. Recently the city’s Solid Waste Management Department...
  • Jason Lewis show tommorow 'live' from the Bakken formation in ND on energy policy in America.

    04/12/2012 5:55:32 PM PDT · by TurboZamboni · 3 replies
    jason lewis show ^ | 4-12-12 | TurboZamboni
    Gas prices will be key issue in fall campaign so join us Friday 'live' from the Bakken formation in ND on energy policy in America.
  • A Fox News Special: Paying at the Pump (Co-Hosted by Sarah Palin and Eric Bolling)

    04/12/2012 7:25:25 AM PDT · by CedarDave · 9 replies
    Fox News ^ | April 14, 2012 | Fox News
    A Fox News Special: Paying at the Pump Co-hosted by Eric Bolling and Sarah Palin 10 p.m. Friday, Fox News Channel (in place of On the Record)A Fox News Special: Paying at the Pump(video follows Fox commercial)
  • The Mass Failing of 'Corporate Welfare' In Michigan

    04/12/2012 6:03:56 AM PDT · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 4/12/2012 | Jarrett Skorup
    The failure of high profile “green energy” firms with the loss of hundreds of millions of taxpayer dollars has made national headlines in recent months. Companies like Solyndra, Beacon Power and Solar Trust have become household names as a result. Less well-known are similar failures right here in Michigan, costing state taxpayers millions. Ironically, the state government agency responsible for much of this waste has created a one-stop source documenting the hype and failed promises that have become the hallmark of such adventures. Michigan Advantage is the (now-defunct) YouTube channel for the Michigan Economic Development Corp. The intention is to...
  • Drillers dropping diesel for cheaper natural gas

    04/12/2012 5:13:15 AM PDT · by thackney · 30 replies
    Reuters ^ | u Apr 12, 2012 | Anna Driver
    North American oil and gas companies are trying to take the sting out of low natural gas prices by using it instead of costlier diesel fuel to drive their drilling rigs. Oilfield technology such as horizontal drilling and hydraulic fracturing have unlocked record supplies of natural gas in North America, pushing prices to a 10-year low and cutting profits. The oversupply has prompted gas producers to actively promote the fuel as a low-cost, cleaner burning means of fueling vehicles and other equipment. Apache Corp, the largest U.S. company focused solely on oil and gas exploration and production, is in the...
  • While We Dither On Oil, It's Drill, Beijing, Drill

    04/11/2012 6:45:01 PM PDT · by raptor22 · 3 replies
    IBD editorials ^ | April 11, 2012
    Energy Policy: A Chinese oil company is now the world's top producer. While we sleep and watch pump prices rise, China, India and even Cuba seek supplies the world over, including drilling off the Florida coast. Global demand for oil is rising, as is its global price, as energy-hungry economies such as China, India and Brazil scour the earth for oil they know will be the energy of the present for some time to come. Even those lacking their own technology are asking others to help them get more. For them, there is no such thing as "peak oil." The...
  • Obama’s Ten Worst Energy Policies

    04/11/2012 4:18:28 PM PDT · by Oldeconomybuyer · 2 replies
    Heritage.org ^ | April 11, 2012 | Mike Brownfield and Nicolas Loris
    In his time in office, President Obama has made some seriously bad proposals and decisions on energy policy, and Americans are paying the price, whether it’s in higher energy costs, wasted tax dollars, or in jobs that have been left on the table. For those who aren’t keeping track, we’ve compiled a list of the President’s ten worst energy policies: 1) Saying “NO” to Keystone XL 2) Wasting Billions on Loan Guarantees 3) Banking on Electric Car Dream Machines 4) Saying “No” to Domestic Energy Production 5) The EPA’s Regulatory Train Wreck 6) Cap-and-Trade and the Clean Energy Standard 7)...
  • China March crude imports 3rd highest, up 8.7 pct on yr

    04/11/2012 3:36:58 PM PDT · by NRG1973 · 1 replies
    Reuters ^ | April 11, 2012 | Chen Aizhu and Judy Hua
    China's March imports of crude oil rose 8.7 percent on the year to 5.55 million barrels per day (bpd), off the previous month's record, but still at their third highest ever, data showed, as refiners built stocks while scaling back operations. Demand growth in China, the world's No.2 oil consumer and crude buyer, is one of the biggest drivers of global crude markets. The March figure reflects mostly cargoes booked in the first half of February before the price of crude spiked to near $110, as Chinese refineries replenished stocks in the first few months of the year. China imported...
  • 2012 Summer Gasoline: The Four-Dollar Question {This Week in Petroleum}

    04/11/2012 12:34:21 PM PDT · by thackney · 2 replies
    Energy Information Administration ^ | April 11, 2012 | Energy Information Administration
    2012 Summer Gasoline: The Four-Dollar Question The question frequently posed by the news media as we head into summer, the peak driving season, is whether or not retail consumers will be paying more than $4 per gallon for regular gasoline when they fill up their tanks. While the national average retail price for regular gasoline still hovers just under that mark at $3.94 per gallon on April 9, in many areas this question has already been answered. Consumers on the West Coast have been paying more than $4 per gallon, on average, since the end of February. Likewise, retail prices...
  • Green Eyeshadow On Red Ink: 'Green' Jobs Fail To Live Up To The Hype

    04/11/2012 8:06:09 AM PDT · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 4/10/2012 | Tom Gantert
    In 2010, then-Gov. Jennifer Granholm touted the “energy economy” with helping turn around Michigan’s economy. Granholm boasted that the state had 109,000 green jobs in 2009 and said, "The new energy economy is already here, infusing our state with good-paying, permanent jobs.” From 2004 to 2009, Gov. Granholm said Michigan had invested $1 billion to promote “green manufacturing.” Yet, green jobs account for just 2.1 percent of the total jobs in Michigan today, according to a government report. The Bureau of Labor Statistics recently released a report that Michigan was 12th in the nation in providing jobs related to “green”...
  • Can conservatives, the media expand debate about Gingrich's Energy & Social Security Ideas?

    04/11/2012 6:15:33 AM PDT · by mitchell001 · 4 replies
    April 11, 2012 | Ralph Mitchell
    We conservatives should be discussing and debating Newt Gingrich's ideas about US Energy Independence via Oil and Gas drilling and about Newt's Personal Social Security ideas. Personally, I would like the news media to talk about Newt's energy and social security ideas for the GOP Platform more than talking about the VP chances for Nikki Haley, governor of SC. Newt's continued candidacy allows we conservatives to continue talking about new ideas and plans instead of talking about superficial, "student council" concepts. Idea do matter.
  • Can conservatives, the media expand debate about Gingrich's Energy & Social Security Ideas?

    04/11/2012 6:15:19 AM PDT · by mitchell001 · 3 replies
    April 11, 2012 | Ralph Mitchell
    We conservatives should be discussing and debating Newt Gingrich's ideas about US Energy Independence via Oil and Gas drilling and about Newt's Personal Social Security ideas. Personally, I would like the news media to talk about Newt's energy and social security ideas for the GOP Platform more than talking about the VP chances for Nikki Haley, governor of SC. Newt's continued candidacy allows we conservatives to continue talking about new ideas and plans instead of talking about superficial, "student council" concepts. Idea do matter.
  • Flint Hills to shut down processing unit at North Pole refinery

    04/11/2012 5:00:38 AM PDT · by thackney · 29 replies
    Fairbanks Daily News-Miner ^ | Apr 10, 2012 | Jeff Richardson
    Flint Hills Resources announced plans Tuesday to idle one of its two operating refinery units in North Pole, a move that will result in layoffs for roughly a quarter of its local employees. In a news release, the company blamed the move on “challenging economics and rising crude prices.” The process of idling the No. 1 crude unit will lead to a gradual reduction of 35 to 40 workers at the refinery during the next five months. Flint Hills has struggled with high costs at its North Pole location for years, saying the refinery’s dependence on crude oil as a...
  • Cheap Natural Gas Heralds an Energy Revolution [Roll over EPA]

    04/11/2012 1:32:50 AM PDT · by Cincinatus' Wife · 12 replies
    The American Thinker ^ | April 11, 2012 | S. Fred Singer
    All bets are off for the future of energy in the United States and, indeed, the world, as the price of natural gas plummets to ever-lower values -- thanks to the development of technology that can access gas and liquids trapped in hitherto inaccessible shale rocks.... ....With the pipeline problem solved (at least in the Lower 48), consider the consequences of having huge quantities of cheap gas available. It will make new coal-fired power plants uneconomic, but it will also make new nuclear plants uneconomic.(Coal and nuclear do have an important advantage over gas: the fuel can be easily stored...
  • Cheap Natural Gas Heralds an Energy Revolution

    04/11/2012 1:28:59 AM PDT · by neverdem · 24 replies
    American Thinker ^ | April 11, 2012 | S. Fred Singer
    All bets are off for the future of energy in the United States and, indeed, the world, as the price of natural gas plummets to ever-lower values -- thanks to the development of technology that can access gas and liquids trapped in hitherto inaccessible shale rocks. In 2011, shale gas accounted for a quarter of U.S. natural gas production. But this seemingly bright future may depend on a court decision (expected in June 2012) and, of course, on the outcome of the November elections. The Economics of Natural Gas Consider the history of natural gas prices just in the last...
  • Gas Prices Grow More Under Obama than Carter (Obama getting what he asked for, high gas prices.)

    04/10/2012 3:10:28 PM PDT · by tobyhill · 3 replies
    chicago tribune ^ | 4/10/2012 | Lauren Fox
    Marking the similarities between President Barack Obama's time in office and former president Jimmy Carter's is nothing new. But as of Monday, Obama has hit one more Carter benchmark - both saw gas prices double in their first term of office. [See Where Gas Prices are Spiking the Most] In fact, while just barely, Obama has seen an even higher gas price increase than Carter dealt with under his administration. Under the Carter administration, gas prices increased by 103.77 percent. Gas prices since Obama took office have risen by 103.79 percent. No other presidents in recent years have struggled as...
  • Three Reasons Gas Prices are High

    04/10/2012 6:09:52 AM PDT · by Kaslin · 50 replies
    Townhall.com ^ | April 10, 2012 | Mike Shedloch
    The blatant hypocrisy and arrogance of president Obama, Nancy Pelosi, and Hillary Clinton in the  video below is simple stunning. Caroline Baum on "Obama the Omniscient" Inquiring minds are reading Bloomberg columnist Caroline Baum's article
  • Wanted: engineers for oilsands growth

    04/10/2012 5:08:57 AM PDT · by thackney · 9 replies
    CALGARY HERALD ^ | APRIL 9, 2012 | DAVE COOPER
    As Alberta's oilsands developers get set to expand or launch new projects, recruiting firm Randstad Canada is telling them to expect a tougher time finding the seasoned engineers and managers they so desperately want. "Pretty much every category now is in yellow working toward red (extreme shortage) because the expansion in Alberta is just massive," said Mike Winterfield, president of the professionals division for Randstad. The most in-demand engineering positions include civil, mechanical and electrical with expertise in areas such as pipe design, instrumentation and project management. Randstad rates the shortages by how much time and effort it takes to...
  • Unelected EPA Bureaucrats Approve E15 Ethanol

    04/09/2012 8:17:50 PM PDT · by neverdem · 62 replies
    American Thinker ^ | April 9, 2012 | Peter Wilson
    Last week, "an unelected group of people" over at the Environmental Protection Agency revised our national energy policy, approving a new gasoline blend with up to 15% ethanol, known as E15, which may be available in pumps this summer. Currently, most gasoline sold in the U.S. is E10, containing a maximum of 10% ethanol. To review the backstory: the last time ethanol was in the news, it seems like its opponents, who come from both the environmental left and free-market right, had won a significant victory. Last summer, "a strong majority of a democratically elected Congress," to use Obama's words...
  • Interest Growing All-Round in Trans-Anatolia Pipeline Project

    04/09/2012 11:57:04 PM PDT · by bruinbirdman · 3 replies
    Interest is growing among Western gas producers in Azerbaijan, transit companies, and European importers in the Trans-Anatolia project for Caspian gas to Europe. Initiated by Baku as an Azerbaijani-Turkish project, the Trans-Anatolia Gas Pipeline (Turkic acronym: TANAP) is planned to run from the Georgian-Turkish border to the Turkish-Bulgarian border, there to link up with a continuation pipeline heading either to Central Europe or to Italy (see accompanying article). Shah Deniz I All-round interest in the Trans-Anatolia project reflects the range of motivating factors. First, there is commercial demand in certain European countries for Azerbaijani gas, potentially to be supplemented by...