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Keyword: energyindependence

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  • Why This Oil Baron Thinks U.S. Oil Production Could Double

    08/17/2014 3:17:37 PM PDT · by ckilmer · 47 replies
    fool.com ^ | August 17, 2014 | Adam Galas
    Why This Oil Baron Thinks U.S. Oil Production Could Double By Adam Galas | More Articles August 17, 2014 | Comments (0) America's oil production is on a roll. After peaking in November of 1970 at 10 million barrels per day (bpd) and declining for nearly 40 years to a low of just 5 million bpd in 2008, today's oil production has soared 67%. The Energy Information Administration (EIA) is expecting another 13.6% increase by 2016 to 9.5 million bpd, before production tapers off in 2020. This miracle has been made possible by soaring shale oil production out of Texas...
  • Middle East Chaos Requires Action on Energy Independence

    06/23/2014 5:45:50 PM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 06/23/14 | Scott Powell
    What has suddenly become obvious is the extent to which President Obama’s imprudent policy-making decisions have compounded problems with unintended and unacceptable consequences.
  • EU unveils plan to curb reliance on Russian gas

    05/28/2014 11:29:10 AM PDT · by Olog-hai · 9 replies
    EU Observer ^ | 28.05.14 @ 19:48 | Benjamin Fox
    The EU has unveiled plans to reduce its reliance on Russian gas, with increased imports from Norway and energy efficiency at the top of its wish list. […] Although EU countries import 88 percent of the oil that they use, as well as 42 percent of solid fuel, the main concern of the commission and governments is gas—66 percent of Europe’s gas is imported at a cost of more than €1 billion per day. Of the 400 billion cubic metres of gas consumed in the EU each year, around 40 percent comes from Russia’s state-owned Gazprom. The majority of this...
  • Russian Invasion Highlights American Need for Energy Independence

    03/04/2014 5:42:49 PM PST · by rightwingerpatriot · 2 replies
    Rightwingpatriot.com ^ | March 4, 2014 | Rightwingerpatriot
    The Russian invasion of Ukraine in the Crimea has once again highlighted the vital power and significance of energy. You would think an assault upon a neighbor of the European Union, especially one that had been close to integrating more with the EU, would have Europe in an uproar. However, Europe is behaving like a timid kitten in the face of Putin's naked aggression. One of the key reasons is their need for energy. A great deal of Europe's gas passes through Ukraine from Russia. In the past, Putin has stopped the flow when in dispute with Europe with the...
  • George W. Bush on Keystone XL: Just “build the damn thing” already

    11/19/2013 6:45:59 PM PST · by SeekAndFind · 8 replies
    Hotair ^ | 11/19/2013 | Erika Johnsen
    At the last update, I think we were somewhere in “earlyish 2014″ territory (who can even keep up?) for the time frame in which the northern extension of the Keystone pipeline will be either approved or denied by President Obama, but by determinedly delaying on what should have/could have been a simple and bygone decision of his first term, the issue is now a ticking time bomb of highly publicized, faux-environmentalist outrageous outrage. I suppose that the dollars the president has been fundraising from well-monied, self-fancied “green” Democratic donors may have made the delay, delay, delay tactic worth it in...
  • Goodbye OPEC, Hello Independence

    10/20/2013 11:29:08 AM PDT · by Kaslin · 48 replies
    Townhall.com ^ | October 20, 2013 | Marit Noon
    October 17 was the fortieth anniversary of the oil embargo slapped on America by the Organization of Petroleum Exporting Countries (OPEC). That action changed the entire geopolitical map—taking the power from the United States and giving it to the Middle East. As a result of the embargo, the price of gasoline quadrupled, gas stations had multi-hour long lines, and the stock market plummeted—kicking off a serious recession. My entire driving life has been impacted by OPEC’s actions. On October 17, 1973, I was 15—days away from turning 16. I got my driver’s license on my sixteenth birthday. It was a...
  • Saudi prince...Fracking could put OPEC out of Business

    09/14/2013 6:44:29 PM PDT · by Red Statements · 47 replies
    Examiner,com ^ | July 29th, 2013 | Steven H Ahle
    Prince Alwaleed bin Talal said that fracking in the US has lessened demand for their oil, and that they need to begin to find other income sources. In a letter to oil minister, Ali al Naimi and other top government officials, Alwaleed said that fracking was responsible for the declining demand for oil from OPEC. Alwaleed recommends that the oil rich country, should diversify immediately before the impact gets to be out of hand. He says that the Saudi's dependence on oil income is, "a truth that has really become a source of worry for many".
  • PRINCE ALWALEED: Fracking Is Going To Crush The Saudi Economy If Nothing Is Done

    07/29/2013 7:39:10 AM PDT · by SeekAndFind · 108 replies
    Business Insider ^ | 07/29/2013 | Rob Wile
    Billionaire Saudi Prince Alwaleed bin Talal has warned shale oil and gas development poses a threat to the kingdom's economy, the Wall Street Journal's Summer Said reports. In an open letter to Saudi oil minister Ali al Naimi [in Arabic], Alwaleed also warns the kingdom must diversify its revenue streams in the face of flagging oil demand. A source translated the key portion of the note: With all due respect to your Highness’ viewpoint about shale gas and that it poses no danger on Saudi economy at ‘the present time’, I was hoping that your Highness would also shed light...
  • Bills Filed in FL to eliminate Ethanol in gas- Democrat Crist says he'd sign them-Riiight!

    07/25/2013 8:31:00 AM PDT · by John S Mosby · 12 replies
    FL Tenth Amendment Center ^ | 3/10/2013 | Andrew Nappi
    SB 320 - Florida Renewable Fuel Standard Act General Bill by Evers Florida Renewable Fuel Standard Act: Repealing the Florida Renewable Fuel Standard Act, to remove the requirement that all gasoline offered for sale in this state include a percentage of ethanol, subject to specified exemptions, waivers, suspensions, extensions, enforcement, and reporting, etc. Effective Date: 07/01/2013
  • Companies line up to drill after survey shows Dakota oil, gas fields far bigger than believed

    05/01/2013 4:43:18 PM PDT · by Ron C. · 19 replies
    Fox News ^ | 5/1/13 | Barnini Chakraborty
    <p>Energy companies are lining up for their shot to drill in the Dakotas and Montana after a new government report revealed that a massive geological formation stretching across the states contains twice the oil and three times the amount of natural gas than was originally believed.</p>
  • America's Big Fat Advantage

    03/21/2013 6:19:14 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | March 21, 2013 | Victor Davis Hanson
    For all the Obama-era talk of decline, there is at least one reason why America probably won't, at least not quite yet. "Peak oil" and our "oil addiction" were supposed to have ensured that we ran out of either gas or the money to buy it. Now, suddenly, we have more gas and oil than ever before. But the key question is: Why do we? The oil and gas renaissance was brought on by horizontal drilling and fracking that opened up vast new reserves either previously unknown or considered unrecoverable. Both technological breakthroughs were American discoveries, largely brought on...
  • Oil industry to Obama: Energy production, not taxes, will cure economy

    01/08/2013 12:11:34 PM PST · by jazusamo · 18 replies
    The Washington Times ^ | January 8, 2013 | Ben Wolfgang
    To create jobs, jump-start the U.S. economy and drive more money into the nation’s treasury, President Obama should forgo tax increases in his second term and instead embrace much more domestic energy production, an oil and gas industry leader said Tuesday. “Energy access, not taxes, is the key to unlocking new revenues for our government,” said Jack Gerard, president of the American Petroleum Institute, in his annual “State of American Energy” address. His speech focused heavily on recent projections that, with the right policies in place, the U.S. is poised to become the world’s leader in oil and natural gas...
  • US Energy Independence Can Be Created

    11/20/2012 2:41:06 PM PST · by Mr. Doctor · 2 replies
    The Energy Tribune ^ | Paul Stinson and Robert Rapier
    The US government can create an appropriate level of energy independence by causing up to four million barrels per day of additional transportation and heating fuels to be produced from North American energy sources by auctioning long-term financial hedges (Contracts for Difference) to firms offering the best terms for building appropriate conversion facilities. An appropriate level of energy independence is one that a) greatly reduces volatility of worldwide oil markets, b) eliminates the perceived need for political and military intervention in the Middle East and other unstable regions, and c) allows sensible and transparent competition among alternate sources of basic...
  • With Obama’s re-election, doubts remain about future of Keystone pipeline

    11/08/2012 7:24:14 AM PST · by thackney · 10 replies
    Calgary Herald ^ | NOVEMBER 8, 2012 | James Wood
    As Canadian political and business leaders expressed optimism the proposed Keystone XL pipeline will win approval under a re-elected President Barack Obama, environmental opponents and the U.S. ambassador to Canada cautioned the energy megaproject isn’t a slam dunk. Obama’s Republican challenger, Mitt Romney, had vowed quick approval of the $7.6-billion pipeline if he had won Tuesday’s presidential election. But Obama, who earlier this year rejected TransCanada Corp.’s initial application because it needed more environmental review, has remained noncommital about the fate of the line, which would ship Alberta oilsands product to the U.S. Gulf Coast. In Ottawa, federal Natural Resources...
  • America's New Energy Future: Unconventional Gas Revolution and the US Economy

    10/23/2012 2:16:41 PM PDT · by SC_Pete · 20 replies
    Industry Week ^ | 10/23/2012 | IW Staff
    Key Findings Among the key findings in the IHS study: • Nearly $5.1 trillion in capital expenditures ($2.1 trillion in the oil sector, $3 trillion in the gas sector) will take place between 2012 and 2035 across the entire upstream unconventional oil and gas activity sectors. • Employment in the entire upstream unconventional oil and gas sector on a direct, indirect, and induced basis will support nearly 1.8 million jobs in 2012, 2.5 million jobs in 2015, 3 million jobs in 2020, and nearly 3.5 million jobs in 2035. • The jobs created tend to be high quality and high...
  • Matt Damon’s Anti-Fracking Movie Financed by Oil-Rich Arab Nation

    09/28/2012 1:03:35 PM PDT · by Cincinatus' Wife · 21 replies
    The Foundry - Heritage Investigates ^ | September 28, 2012 | Lachlan Markay with James Dean
    A new film starring Matt Damon presents American oil and natural gas producers as money-grubbing villains purportedly poisoning rural American towns. It is therefore of particular note that it is financed in part by the royal family of the oil-rich United Arab Emirates. The creators of Promised Land have gone to absurd lengths to vilify oil and gas companies, as Scribe’s Michael Sandoval noted Wednesday. Since recent events have demonstrated the relative environmental soundness of hydraulic fracturing – a technique for extracting oil and gas from shale formations – Promised Land’s script has been altered to make doom-saying environmentalists the...
  • Bad Facts about Obama's Prospects

    09/25/2012 1:30:53 PM PDT · by Kaslin · 13 replies
    Townhall.com ^ | September 25, 2012 | Phyllis Schlafly
    Although the polls show the presidential campaigns neck and neck, the facts continue to look negative for Barack Obama. Two-thirds of the American people say they believe the United States is going in the wrong direction, and changing the occupant of the White House is the only way to reverse course. Unemployment remains the prime political issue, but the Democrats still allow a tsunami of legal and illegal immigrants to take jobs away from U.S. citizens. Obama's Jobs Czar, Jeffrey Immelt, is busy creating jobs in Communist China instead of the U.S.A. Obama's wild spending is putting an albatross around...
  • Romney to Call for Energy Independence by 2020

    08/24/2012 6:44:25 AM PDT · by SeekAndFind · 11 replies
    American Thinker ^ | 08/24/2012 | J. Robert Smith
    Mitt Romney traveled to Hobbs, New Mexico yesterday to push energy independence for North America in eight years. As president, Romney would embark on energy independence by first empowering the states. Reported Yahoo! News: In what his campaign is billing as a major policy speech, Mitt Romney will unveil an energy plan Thursday that would give states the power to determine whether drilling and mining should occur on federal lands within their borders as part of a larger effort to increase domestic oil, coal and natural gas production and achieve energy independence. The Obama administration has emphasized expensive, unreliable, and...
  • Environmentally Sound Energy Independence

    04/22/2012 4:32:18 PM PDT · by smoothsailing · 47 replies
    National Review ^ | 4-22-2012 | Sarah Palin - Commentary
    April 22, 2012 Environmentally Sound Energy Independence Sarah Palin On this holiest of days for EcoLiberals, how about if Americans celebrate Earth Day with responsible energy development that leads to greater independence and conservation? There’s no better way for President Obama and his administration to celebrate Earth Day than to embrace a real, environmentally sound commitment to energy independence instead of relying on foreign countries that lack environmental safeguards. One aspect of the “all-of-the-above” approach I have been discussing for years involves, of course, the necessity to “drill, baby, drill.” It’s no secret that throughout America, including the very wealthy...
  • Senate rejects plan to open Arctic refuge to drilling

    03/13/2012 3:09:05 PM PDT · by Free ThinkerNY · 37 replies · 1+ views
    Associated Press ^ | March 13, 2012 | Sean Cockerham
    WASHINGTON _ The Senate on Tuesday resoundingly rejected a sweeping measure to open the Arctic National Wildlife Refuge and other protected areas to oil drilling, as well as to approve construction of the Keystone pipeline project. Tuesday's vote was the first time in four years that the Senate has voted on a measure including ANWR drilling, and it failed miserably.
  • Expensive Gas Makes Good Fuel for Politics

    03/11/2012 4:21:35 AM PDT · by Cincinatus' Wife · 23 replies
    San Diego Union Tribune ^ | March 11, 2012 | Christopher Cadelago
    Even before he was president, Barack Obama was blamed for high gas prices. In 2008, the announcer in a John McCain ad asked, “Who can you thank for rising prices at the pump?” As a photograph of Obama flashed onto the screen, a crowd chanted, “O-ba-ma! O-ba-ma!” Now Obama is running again, prices are spiking again, and again he’s being criticized — from Valley Center to the GOP campaign trail. Former Massachusetts Gov. Mitt Romney says Obama was partially to blame for the rising prices because he slowed down licensing and permitting processes for offshore and onshore drilling. Former House...
  • Video: Energy independence could be as easy as 1-2-3

    12/06/2011 2:08:32 PM PST · by Hojczyk · 5 replies
    Hot Air ^ | December 6,2011 | Tina Korbe
    Bet you’ll never guess which country is the world’s largest holder of natural gas, oil and coal resources combined. That’s right. This country. According to a report released today by the Institute for Energy Research, the United States has 1.4 trillion barrels of recoverable reserves of oil — or more than the entire world has used in 150 years. That’s enough to fuel the United States for the next 250 years. Add natural gas and coal resources to that and we’re good to go for all the foreseeable future. But, thanks to backward energy policies, we’re still dependent on foreign...
  • World Power Swings Back to America- And I Don't See the Name "Obama" in this Article

    10/23/2011 3:49:58 PM PDT · by CWSNTEXAS · 24 replies
    The Telegraph ^ | 10-23-2011 | Ambrose Evans-Pritchard
    The American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account might even be in surplus.
  • Perry’s Power Politics

    10/15/2011 6:21:03 PM PDT · by casinva · 34 replies
    National Review ^ | October 15, 2011
    Gov. Rick Perry has released a jobs plan. Or is it an energy plan? Or it is an EPA-reform plan? Or is it a trade-deficit plan? The plan is a bit of each, and it is a very good one. Governor Perry, under whom Texas enjoyed the strongest job-creation record of any large U.S. state, proposes to open up oil and gas production in areas in which American producers are either shut out or heavily restricted: the Gulf of Mexico, the Florida coast, and Alaska, among others. Perry’s plan also entails the approval of the Keystone XL pipeline and the...
  • Hundreds of plants, animals up for new protections

    09/29/2011 3:44:19 AM PDT · by opentalk · 16 replies
    AP ^ | September 29, 2011 | MATTHEW BROWN
    BILLINGS, Mont. (AP) —The Obama administration is taking steps to extend new federal protections to a list of imperiled animals and plants that reads like a manifest for Noah's Ark —from the melodic golden-winged warbler and slow-moving gopher tortoise, to the slimy American eel and tiny.. rat. ...With a Friday deadline to act on more than 700 pending cases, the U.S. Fish and Wildlife Service already has issued decisions advancing more than 500 species toward potential new protections under the Endangered Species Act.
  • U.S. Researcher Preparing Prototype Cars Powered by Heavy-Metal Thorium

    08/13/2011 7:13:31 PM PDT · by Oiao · 95 replies
    WardsAuto.com ^ | Aug 11, 2011 | Keith Nuthall
    A U.S. company says it is getting closer to putting prototype electric cars on the road that will be powered by the heavy-metal thorium (Steam Electric 250MW)... with prototype in two years....never needs refueled.
  • Sarah Palin - Tyler, Texas - June 26, 2010 (Flashback - Classic Speech!)

    07/04/2011 9:33:05 AM PDT · by Bigtigermike · 1 replies
    Youtube ^ | Jun 27, 2010
    Former Alaska governor Sarah Palin spoke to a crowd of over 4,000 at Tyler's Oil Palace in Texas. American energy policy, the BP oil spill, the federal response to the disaster and job creation dominated Mrs. Palin's speech. Here is highlights of the rousing speech
  • Cain: Public Now Sees Obama’s Weakness – He’s Beatable in 2012

    04/02/2011 8:27:28 PM PDT · by justsaynomore · 20 replies
    Newsmax ^ | 4/2/11 | Jim Meyers and Kathleen Walter
    Herman Cain discusses his views on Obama, Libya, Energy Independence, Brazil's Oil, Israel, Muslims in the government and more...
  • Palin on the Issues: Energy Independence

    03/28/2011 9:47:34 PM PDT · by Right Wingnut 2 · 16 replies
    Right Speak ^ | 3/28/2001 | Right Wingnut
    There's been a lot of discussion about energy policy on Right Speak over the past 2 days. Since this will be a defining issue in the upcoming campaign, it's certainly a worthy topic. Earlier today, my good friend Doug produced a brilliantly written piece highlighting Mitt Romney's views on energy, referencing Romney's book, No Apology. While I didn't find much to disagree with in Doug's post, I thought it would be fair to briefly highlight Sarah Palin's experience with energy, and provide a reference for our readers to research her positions. Prior to being elected Governor of a state which...
  • T. Boone Pickens Unwittingly Reveals the Absurdity of "Energy Independence"

    02/03/2011 7:00:10 AM PST · by SeekAndFind · 20 replies
    RealClearMarkets ^ | 02/03/2011 | John Tamny
    This week's uprising in Egypt that occurred in concert with a minor spike in the price of oil unsurprisingly led to renewed commentary suggesting the U.S. must achieve "energy independence." A USA Today editorial noted that "More than half the oil Americans use is imported - a vulnerability exposed by the ongoing tumult in Egypt", while noted energy scold T. Boone Pickens decried our continued "exposure" to overseas events that allegedly reward us with higher oil prices. But looked at with a more reasoned eye, the events in Egypt exposed the sheer absurdity of the charitably false notion of energy...
  • youtube video: Seven_Green_Energy_job_myths

    01/02/2011 12:53:35 PM PST · by vmpolesov · 8 replies
    youtube video produced by rev-up.org ^ | 5/18/2010 | youtube video produced by rev-up.org
    From the video caption: Seven false green energy job 'myths' are debunked. This video was produced by http:rev-up.org -- a site that provides teachers and students all the resources they might need for renewable energy education.
  • Who's the ding dong now, Avon? (Avon & Canada Oil sands)

    12/05/2010 5:39:37 AM PST · by listenhillary · 25 replies
    Calgary Herald ^ | 12/3/2010 | Calgary Herald
    Looking good is what Avon is all about, so it's not surprising that a cosmetics giant with annual revenues of $10 billion is concerned about its image. That, after all, is the motive behind Avon's boycott of fuel derived from Alberta's oil sands -- looking good. Never mind that oil banned from Alberta -- the most regulated and transparently sourced oil on the planet -- will have to be replaced by oil from some despotic regime but, hey, maybe you can put lipstick on a pig. "Avon recognizes its responsibility to the environment and the world's forests," said Tod Abreast,...
  • Hinchey signs petition to withdraw draft DEC statement

    10/27/2010 4:11:03 PM PDT · by Shady · 3 replies
    WENY TV Elmira NY ^ | 10/27/2010 | WENY TV
    ITHACA-- The future of Marcellus Shale hydraulic fracturing in New York faces more push-back from local politicians. Rep. Maurice Hinchey (D-NY) was in Ithaca Wednesday to sign a letter asking Gov. Paterson to withdraw the draft Supplemental Generic Environmental Impact Statement (SGEIS) the state Department of Environmental Conservation released last year. Walter Hang, president of Toxics Targeting, wrote the letter last year. Former congressman Eric Massa and Rep. Mike Arcuri's names are also on that petition.
  • Drill, North Dakota, Drill

    10/11/2010 5:16:10 PM PDT · by Kaslin · 23 replies
    IBD Editorials ^ | October 11, 2010 | Investors Business Daily staff
    Recovery: While states like Nevada wallow in recession, tiny North Dakota becomes the first state rated as expanding by a leading service. Could it be the state's burgeoning energy industry? The recession — induced by Democrats and activists meddling in the housing market through the Community Reinvestment Act and then whistling past the bad-loan graveyard of Fannie Mae and Freddie Mac — officially ended in June 2009, according to the National Bureau of Economic Research. For much of the country, mired in a jobless recovery with job losses so great and prospects so bleak that it will take decades just...
  • Mafia cash in on lucrative EU wind farm handouts, especially in Sicily

    09/05/2010 5:09:53 PM PDT · by MamaDearest · 13 replies
    telegraph.co.uk ^ | 05 Sep 2010 | Nick Squires and Nick Meo
    "It has been a matter of policy in the wind farm industry to make the financing of it both opaque and complicated," said Mr Etherington. "In all countries across Europe the customer is not told how much they are paying for it, and the whole financing of the industry is coming out of subsidy on electricity generation." .....Recent research by Kroll, the international corporate security firm, has discovered examples all over Europe of so-called "clean energy" schemes being used to to line criminals' pockets rather than save the planet. Some involve windmills that stand derelict or are simply never built,...
  • The Solution to America's Economic Problems

    07/03/2010 12:46:47 PM PDT · by OldPossum1 · 2 replies
    Let Us Go Then You and I ^ | July 3, 2010 | OldPossum
    In the 1980′s I altered the words of a pop song to describe how I felt about our economy and my personal future: The future is so bright I have to wear welding goggles. (For most of you who don’t know about manufacturing, welding goggles filter out almost all light – arc welding is like staring into the sun.) I don’t know anyone who feels this way anymore. America is lost. We are stagnant. There is no really big thing coming along in technology that will save the day, although there are millions of incremental improvements that are improving the...
  • 2 Nuclear Power Plants Approved by Finland

    07/02/2010 6:41:06 AM PDT · by heiss · 9 replies
    NY Times ^ | July 1, 2010 | David Jolly
    The Finnish Parliament approved the construction of two nuclear power plants on Thursday, the latest victory for proponents of atomic energy in Europe. Just two weeks ago, the Swedish Parliament narrowly voted to allow the reactors at 10 nuclear power plants to be replaced when the old ones are shut down — a reversal from a 1980 referendum that called for them to be phased out entirely. The vote will allow the Finns to build their sixth and seventh nuclear plants. The country’s four existing nuclear plants provide about 28 percent of Finland’s total electricity needs, according to the World...
  • A Ban On Truth

    06/10/2010 6:02:09 PM PDT · by Kaslin · 17 replies · 976+ views
    IBD Editorials ^ | June 10, 2010 | Investors Business Daily staff
    Energy Policy: The advisory board on offshore drilling says it never endorsed a moratorium, which was added later by the interior secretary. The only thing transparent about this administration is its lies. Experts brought together by the Obama administration to review offshore drilling safety were asked to review recommendations in the wake of the Deepwater Horizon disaster. They did not give their blessing to the six-month drilling moratorium announced by Interior Secretary Ken Salazar and have accused him of deliberately appending their report to make it seem like they did. According to the New Orleans Times Picayune, Salazar's May 27...
  • Malaise At Mellon

    06/03/2010 4:47:58 PM PDT · by Kaslin · 14 replies · 654+ views
    IBD Editorials ^ | June 3, 2010 | Investors Bsiness Daily staff
    Deja Vu: In a Carteresque speech Wednesday, the president said we should tax our way out of despondency and dependence on fossil fuels. The American dream isn't slipping away. It's being stolen by big government. It might as well have been President Carter addressing the audience of students and faculty at Pittsburgh's Carnegie Mellon University. Instead it was President Obama who spoke of our dependence on fossil fuels and blamed everybody and everything, except for a lack of presidential leadership, for our current situation. On July 15, 1979, President James Earl Carter gave what has become known as the "malaise"...
  • The Drill Is Gone

    05/27/2010 6:04:59 PM PDT · by Kaslin · 29 replies · 1,298+ views
    IBD Editorials ^ | May 27, 2010 | Investors Business Daily staff
    Energy: An administration never enthusiastic about offshore drilling is using the Gulf oil spill as an excuse to suspend Arctic exploration. Who could've seen that coming? Now we'll be more dependent on foreign oil. Suspicions in some quarters that the administration was being deliberately lax in its response to the Deepwater Horizon oil spill in the Gulf of Mexico in order to pursue a larger, anti-domestic energy agenda were met with derision. But if not deliberate, the effect is the same as the administration prepares to shut down our search for new oil. President Obama on Thursday announced a suspension...
  • Drilling Oil Execs For Answers

    05/11/2010 4:26:22 PM PDT · by Kaslin · 13 replies · 455+ views
    Investors.com ^ | May 11, 2010 | Investors Business Daily staff
    The BP Spill: Tuesday on Capitol Hill, oil executives were subjected to the Senate's latest show trial. Senators did not say the accident in federal waters was a federal responsibility or that nature spills more oil every day. The morning hearing by the Energy and Natural Resources Committee chaired by Sen. Jeff Bingaman of New Mexico and the afternoon session before California Sen. Barbara Boxer's Environmental and Public Works Committee prove White House Chief of Staff Rahm Emanuel's dictum that a good crisis is a terrible thing to waste — especially when your goal is exploiting the Deepwater Horizon disaster...
  • Louisiana Spill: Big Oil's Chernobyl?

    04/30/2010 5:18:32 PM PDT · by Kaslin · 87 replies · 2,100+ views
    Investors.com ^ | April 30, 2010 | INVESTORS BUSINESS DAILY Staff
    Energy: The administration has banned new offshore drilling until the Gulf oil spill is investigated. Was its heart in it anyway? It seems environmental concerns apply only to certain forms of energy. No one pays much attention to the aquatic "dead zones" that have appeared off our shores at the mouths of our rivers due to agricultural runoff created by mandates for corn-based ethanol. Ethanol is green energy, good energy — never mind that such biofuels drive up food prices, increase hunger around the world and damage the environment in their own way. The explosion that blew apart an oil...
  • Drill, Mr. President, Drill

    03/31/2010 4:23:57 PM PDT · by Kaslin · 29 replies · 1,007+ views
    Investors.com ^ | March 31, 2010 | INVESTORS BUSINESS DAYLY Staff
    Energy: As the administration loosens restrictions on domestic energy development and offshore drilling, a reviled company develops technology to unlock America's vast shale resources. Drill, baby, drill. We have been among President Obama's harshest critics when it comes to the administration's overly restrictive energy policy, so we were pleasantly surprised to see him announce on Wednesday some light at the end of the pipeline. Some light, for many restrictions will remain in an energy policy best termed schizophrenic. Speaking at Andrews Air Force Base near Washington, D.C., Obama announced the welcome news that his administration will let lease sales go...
  • Chortling At Chu

    03/12/2010 5:07:46 PM PST · by Kaslin · 18 replies · 957+ views
    Investors.com ^ | March 12, 2010 | INVESTORS BUSINESS DAILY Staff
    Future Fuels: Our secretary of energy pushes bio-refineries and windmills to oil executives at an energy conference as the administration announces a three-year offshore drilling ban. This is a policy for economic suicide. They don't qualify as an official group of victims, but carbon-Americans, as they have been called, did not have much to cheer about last week, when Energy Secretary Steven Chu addressed CERAWeek 2010, a premier industry conference hosted by IHS Cambridge Energy Research Associates. With an economy struggling to regain sound footing, Chu advocated a starvation diet devoid of additional fossil fuels that are to remain under...
  • Can Bountiful Natural Gas Supplies Make U.S. Self-Sufficient In Energy?

    02/19/2010 5:37:14 PM PST · by Kaslin · 27 replies · 819+ views
    Investors.com ^ | February 19, 2010 | MARK J. PERRY
    A new technique being used to drill through a type of rock known as shale has led to a surge in domestic natural gas production over the last three years and enabled the United States to overtake Russia recently as the world's No. 1 producer of natural gas. As a result, we are seeing a remarkable turnabout in energy geopolitics: as U.S. natural gas reserves have soared thanks to advanced drilling methods, Russia's goal of establishing a world gas cartel patterned on OPEC has collapsed. How big of a development is this? Think back to 2003, when America's demand for...
  • Virginia Dem-Controlled Senate Kills Offshore Drilling Bill

    02/19/2010 6:34:38 PM PST · by HokieMom · 37 replies · 1,136+ views
    Great Falls Connection ^ | 02/18/10 | Julia O'Donoghue
    On a party-line vote, the Democratically-controlled state Senate killed a bill tied to Gov. Robert McDonnell’s (R) plans for offshore oil and natural gas exploration. Twenty-two Democrats — including all senators from Arlington County, City of Alexandria and Fairfax County — voted down a bill that would have designated 80 percent of revenue and royalties produced by drilling off the shore of Virginia for the commonwealth’s transportation trust fund. All 18 Republicans supported the measure. While on the campaign trial this past fall, McDonnell had promoted drilling for oil and natural gas off the shore of Virginia Beach, saying, among...
  • Drilling Ban To Cost Trillions

    02/16/2010 4:16:12 PM PST · by Kaslin · 21 replies · 1,321+ views
    Investors.com ^ | February 16, 2010 | INVESTORS BUSINESS DAILY Staff
    Energy: A new study shows that our reluctance to develop domestic energy will cost the beleaguered U.S. economy trillions in opportunity costs, reduce our gross domestic product and increase our trade deficit. From trying to stimulate jobs in nonexistent ZIP codes at great expense to worshiping the false gods of climate change, our biggest deficit these days may be in the area of common sense. A new study shows that many of our wounds are self-inflicted as we forgo the wealth and jobs to be found in our waters and under our feet. The study by Science Applications International Corp....
  • AP source: Obama to announce nuke plant loan

    02/12/2010 5:08:33 PM PST · by NormsRevenge · 153 replies · 4,219+ views
    AP on Yahoo ^ | 2/12/10 | Ben Feller - ap
    WASHINGTON – President Barack Obama next week will announce a loan guarantee to build the first nuclear power plant in the United States in almost three decades, an administration official said Friday. The two new Southern Co. reactors to be built in Burke, Ga., are part of a White House energy plan administration officials hope will draw Republican support. Obama's direct involvement in announcing the award underscores the political weight the White House is putting behind its effort to use nuclear power and alternative energy sources to lessen American dependence on foreign oil and reduce the use of other fossil...
  • Stimulating Green Jobs For China

    02/11/2010 5:32:44 PM PST · by Kaslin · 19 replies · 737+ views
    Investors.com ^ | February 11, 2010 | INVESTORS BUSINESS DAILY Staff
    Energy: When even Chuck Schumer is upset with the White House, you know something's amiss. In this case, it's news that efforts to boost wind power with taxpayer stimulus dollars are filling foreign coffers and creating foreign jobs. According to the Investigative Reporting Workshop at American University, nearly $2 billion in money from the American Recovery and Investment Act has been spent on wind power. The goal was to further energy independence while creating American jobs. It has done neither. Of the money spent, according to the report, nearly 80% has gone to foreign manufacturers of wind turbines. "In all...
  • Absolutely...The funniest joke ever...

    02/09/2010 8:19:48 AM PST · by kcvl · 73 replies · 3,365+ views
    Absolutely...The funniest joke ever... AND IT’S ON US ! Let it sink in. Quietly... we go like sheep to slaughter. Does anybody out there have any memory Of the reason given for the establishment Of the DEPARTMENT OF ENERGY During the Carter Administration? Anybody? Anything? No? Didn't think so! Bottom line ... We've spent several hundred billion dollars In support of an agency ...the reason For which not one person who reads This can remember. Ready??????? It was very simple .. And at the time everybody thought It very appropriate... The 'Department of Energy' Was instituted on 8-04-1977 TO LESSEN...