Keyword: gas

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  • As ATP Oil Files For Bankruptcy, CEO Blames Obama For Company's Collapse

    08/18/2012 12:35:31 PM PDT · by mojito · 15 replies
    Forbes ^ | 8/18/2012 | Christopher Helman
    When I get Paul Bulmahn on the phone rumors are swirling that he’s just days from putting his company, ATP Oil & Gas, into Chapter 11. He can’t confirm it yet, but he wants to make one thing perfectly clear: If it does come to bankruptcy (which it did on August 17) it isn’t his fault. The founder and chairman of publicly traded ATP (Nasdaq:ATPG), Bulmahn wants the world to know that the Obama Administration—and its illegal ban on deepwater drilling in the wake of the BP disaster—is to blame for the implosion of his company. Not him. “It is...
  • Exclusive: White House studying potential oil reserve release

    08/17/2012 10:55:15 AM PDT · by C19fan · 30 replies
    Reuters ^ | August 17, 2012 | Jeff Mason
    The White House is "dusting off old plans" for a potential release of oil reserves to dampen prices and prevent high energy costs from undermining sanctions against Iran, a source with knowledge of the situation said on Thursday. U.S. officials will monitor market conditions over the next few weeks, watching whether gasoline prices fall after the September 3 Labor Day holiday, as they historically do, the source said.
  • Exclusive: White House dusting off plan for potential oil release

    08/16/2012 11:51:42 AM PDT · by Free ThinkerNY · 31 replies
    Reuters ^ | August. 16, 2012 | Jeff Mason
    (Reuters) - The White House is "dusting off old plans" for a potential release of oil reserves to dampen rising gasoline prices and prevent high energy costs from undermining the success of Iran sanctions, a source with knowledge of the situation said on Thursday. U.S. officials will monitor market conditions over the coming weeks, watching whether gasoline prices fall after the September 3 Labor Day holiday, as they historically do, the source said. It was too early to say how big a drawdown would be from the U.S. Strategic Petroleum Reserve and, potentially, other international reserves if a decision to...
  • U.S. Gas Prices Spike [Check out the BIAS in this Local News Video]

    08/13/2012 6:05:10 AM PDT · by SoFloFreeper · 12 replies
    wsvn.com ^ | 8/13/12
    A surprise surge in gas prices is taking some of the fun out of summer....
  • Pleasanton [TX] booms along with oil field

    08/13/2012 1:51:17 AM PDT · by Cincinatus' Wife · 18 replies
    San Antonio-Express News ^ | August 13, 2012 | Jennifer Hiller
    PLEASANTON — ...is now birthing an oil boom. The industrial park that once had 12 to 15 empty buildings is full. There are three hotels under construction, and all likely will open with a “no vacancy” sign. ..... it's a long wait to get a seat at the new and in-demand Chili's restaurant. Oil field companies including FTS International, Marathon Oil Corp. and Boots & Coots International Well Control Inc. have opened locations here. .... drawn by its access to Interstate 37, rail lines and a location in the middle of the play, which puts workers and supplies within an...
  • Next from the EPA: Four-Gallon- minimum Gas Purchases

    08/09/2012 4:08:12 PM PDT · by Nachum · 86 replies
    PJ Media ^ | 8//9/12 | Bridget Johnson
    The Environmental Protection Agency is going to require all consumers to buy at least four gallons of gasoline from certain gas pumps after the new E15 ethanol-gasoline blend is introduced into the market. The new regulation was revealed in an Aug. 1 letter to the American Motorcyclist Association, which expressed concern that the vast majority of motorcycles and ATVs in use today aren’t designed to operate on E15 fuel and residual fuel from a pump that serves multiple blends might harm these tanks. “The use of E15 will lower fuel efficiency and possibly cause premature engine failure,”
  • Forget North Dakota — There's A New Shale Oil Boom State In Town (Texas!)

    08/09/2012 3:03:34 PM PDT · by blam · 19 replies
    TBI ^ | 8-9-2012 | Rob Wile
    Forget North Dakota — There's A New Shale Oil Boom State In Town Rob Wile Aug. 9, 2012, 3:32 PM You probably saw our big feature on reporter Robert Johnson's trip to Williston, North Dakota, the capital of the state's Bakken shale oil boom has led to defacto full employment. But we may have journeyed to the wrong region. A new report from IHS Global Insight (as noted by Professor Mark J. Perry) suggests the Eagle Ford play near San Antonio, Texas, is poised to overtake the Bakken as the country's most promising oil reservoir: “Our analysis at IHS indicates...
  • Students rushing to careers in petroleum industry

    08/06/2012 4:42:48 AM PDT · by Cincinatus' Wife · 26 replies
    San Antonio Express News ^ | August 6, 2012 | Vicki Vaughan
    Just three years ago, petroleum engineering wasn't an especially hot major for college students looking to enter a field with plentiful jobs. How things have changed. Today, the oil patch and active drilling in the Eagle Ford Shale is convincing more students that a job in the energy field is the way to go, experts said. A recent study of 60,000 college students, including 2,400 in Texas, by Universum, a Stockholm-based company, found that students view jobs at oil and gas companies as much more desirable than even a year ago. Top salaries paid by energy companies are making energy...
  • Rising gas prices haunt Obama

    08/05/2012 8:12:00 AM PDT · by nhwingut · 18 replies
    The Hill ^ | 8/5/2012 | Ben Geman
    Gas prices have surged in recent weeks creating fresh openings for GOP attacks against President Obama. Gas prices have surged in recent weeks and analysts predict they’ll keep rising, creating fresh openings for GOP attacks against President Obama that had waned when prices dropped sharply. The nationwide average for regular gasoline is $3.60-per-gallon, a 24-cent rise over the past four weeks, according to AAA. Prices are well below the peak of nearly $4 in early April, a run-up that fueled constant GOP criticism of White House energy policies and threw Obama on the defensive.
  • Five dozen lawmakers protest ‘untenable’ oil field regulations

    08/04/2012 4:58:19 AM PDT · by Tolerance Sucks Rocks · 11 replies
    The Hill ^ | August 3, 2012 | Pete Kasperowicz
    A bipartisan group of House members has called on the Department of Transportation to reverse regulatory guidance issued in June that limits the ability of supply trucks to service oil and gas fields. Rep. Jeff Landry (R-La.) and 60 other members of the House argued in a letter to Transportation Secretary Ray LaHood that the guidance will harm not just the oil and gas industry, but related industries that contribute to job growth. They also argue that the guidance reversed 50 years of established practice with little warning to the industry. "Such a change significantly restricts the operations of individuals...
  • Gas Can Manufacturer Folds in Miami, Okla. [Gas Cans (not gas) burning people....]

    07/31/2012 10:45:16 AM PDT · by AdamBomb · 72 replies
    Tulsa World ^ | 7/24/2012 | Sheila Stogsdill
    MIAMI, Okla. - Product liability lawsuits have extinguished an Ottawa County gasoline can manufacturer, says Rocky Flick, owner and chief operating officer of Blitz U.S.A. Blitz U.S.A./F3 Brands in Miami filed for Chapter 11 bankruptcy Nov. 9. On Monday, the company said it will close its doors July 31 and lay off 117 people. [snip] The lawsuits that doomed Blitz mostly centered on individuals pouring gasoline out of a can onto an open fire, with the vapors igniting and causing injuries. Three warnings about not mixing gasoline and fire, in addition to other safety precautions, are displayed predominately on the...
  • India banks on Canada to skirt US gas export ban

    07/23/2012 10:13:16 PM PDT · by James C. Bennett · 9 replies
    The Times of India ^ | July 24, 2012 | The Times of India
    NEW DELHI: India is trying to include Canada into the supply equation as it prepares to become an importer of energy from the US. But the plan may meet with only a limited success because of third-country pricing economics. New Delhi has been lobbying Washington for a special dispensation to ship liquid gas from the US. Washington does not allow energy exports to countries that do not have a free trade agreement (FTA) with it. Because of this ban, India's state-run gas utility is feeling hamstrung in its efforts to strike big deals for importing liquid gas from the US....
  • Poor Corn Crop Will Have Major Impact on Ethanol Market

    07/22/2012 7:43:43 PM PDT · by QT3.14 · 27 replies
    The Energy Collective ^ | July 17, 2012 | Robert Rapier
    [Snip]...I have long felt that one of the biggest threats to the U.S. ethanol industry is a major drought/crop failure in the heart of corn country. This year we may be experiencing such an event. Recent reports indicate that what had been expected to be a record crop of corn has been downgraded such that only 40% of the corn crop is being classified as in good or excellent condition. This is down 48% versus last week and 69% versus a year ago.
  • Energy Revolution 2: A Post Post-American Post (Important!)

    07/16/2012 6:02:36 PM PDT · by 2ndDivisionVet · 18 replies
    The American Interest ^ | July 15, 2012 | Walter Russell Mead
    Forget peak oil; forget the Middle East. The energy revolution of the 21st century isn’t about solar energy or wind power and the “scramble for oil” isn’t going to drive global politics. The energy abundance that helped propel the United States to global leadership in the 19th and 2oth centuries is back; if the energy revolution now taking shape lives up to its full potential, we are headed into a new century in which the location of the world’s energy resources and the structure of the world’s energy trade support American affluence at home and power abroad. By some estimates,...
  • BREAKING: 50 well pads in the path of Pine Ridge Fire

    06/28/2012 8:47:17 PM PDT · by GSWarrior · 17 replies
    NBC11News ^ | 6/28/12 | staff
    It was a standing room only crowd at the Community Center in De Beque Thursday night as nervous residents learned how to protect their property from the advancing Pine Ridge wildfire.
  • Doing the Math on Solar Water Heaters ($8K investment with savings of $55 on $100 annual gas bill)

    06/26/2012 7:26:24 AM PDT · by SeekAndFind · 29 replies
    American Thinker ^ | 06/25/2012 | Peter Wilson
    The Massachusetts Clean Energy Center (MassCEC) claims that "solar hot water systems are great because they provide an easy and low cost way to create hot water in a clean and sustainable way." On the Environmental Protection Agency's Energy Star website, we read: "While the initial purchase price of solar water heaters is high compared to standard models, they can be cost effective. That is because the sun's energy is harnessed to reduce operating costs up to 90 percent." To overcome this "initial purchase price" obstacle, government grants are needed so all these wonderful cost savings can be realized. To...
  • EPA Fines Oil Refiners for Failing to Use Nonexistent Biofuel

    06/23/2012 5:12:17 AM PDT · by rusty millet · 25 replies
    Hot Air ^ | June 22, 2012 | Howard Portnoy
    Question: Do you fill your car’s tank with gasoline that is part cellulosic ethanol, an environment-friendly distillate of wood chips, corn cobs, and switch grass? Let me answer for you: No, you don’t. You couldn’t if you wanted to. Petroleum products blended with cellulosic ethanol aren’t commercially available, because the technology for mass-producing cellulosic ethanol hasn’t been perfected. None of which has stopped the Environmental Protection Agency from imposing hefty yearly fines on oil refiners. According to the The New York Times, in 2011 automotive fuel producers were assessed $6.8 million in penalties. That amount is expected to climb dramatically...
  • Udall and Bennet Side With Obama on Key Energy Vote

    06/23/2012 6:32:17 AM PDT · by george76 · 11 replies
    The Colorado Observer ^ | June 21, 2012 | Mark Stricherz
    Colorado’s two Democratic senators sided with the White House on Wednesday when they voted to affirm what one GOP senator called “the centerpiece of President Obama’s war on coal.” The rule, which proponents say is necessary to limit harmful emissions from coal-fired power plants, but that opponents say will destroy jobs and cause energy prices to skyrocket, narrowly survived an attempt at repeal yesterday. Mark Udall and Michael Bennet opposed a measure that would have overturned the controversial EPA rule. The measure failed on a 46-to-53 vote yesterday. ... Udall and Bennet joined seven other Senate Democrats from major coal-producing...
  • EPA blasted for requiring oil refiners to add type of fuel that's merely hypothetical

    06/22/2012 2:46:19 PM PDT · by kingattax · 14 replies
    FoxNews ^ | June 21, 2012 | Jim Angle
    Federal regulations can be maddening, but none more so than a current one that demands oil refiners use millions of gallons of a substance, cellulosic ethanol, that does not exist. "As ludicrous as that sounds, it's fact," says Charles Drevna, who represents refiners. "If it weren't so frustrating and infuriating, it would be comical." And Tom Pyle of the Institute of Energy Research says, "the cellulosic biofuel program is the embodiment of government gone wild." Refiners are at their wit's end because the government set out requirements to blend cellulosic ethanol back in 2005, assuming that someone would make it....
  • The Coming Oil Crash (Good News! Gas Prices Could go Down to $2 a Gallon by Autumn)

    06/20/2012 9:19:43 AM PDT · by nickcarraway · 57 replies
    Foreign Policy ^ | JUNE 19, 2012 | Steve Levine
    My mom out in California is elated -- gasoline prices in her neighborhood are below $4 a gallon for the first time in four months. Less so are the world's petro-rulers, who are watching the price of oil -- their life blood -- plunge at a rate they have not experienced since the dreaded year 2008. Industry analysts are using phrases such as "devastation" and "severe strain" to describe what is next for the petro-states should prices plummet as low as some fear. No one is as yet forecasting a fresh round of Arab Spring-like regime implosions. But that's the...
  • Soldier Refused Gas by Muslim Store Clerk [Article &Video] [Yes, this happened in America]

    06/16/2012 1:07:06 PM PDT · by bimboeruption · 64 replies
    Tea Party Command ^ | 6-16-2-12 | AmericanPatriot
    We are trying to get more details of the story and the Youtube video contains offensive language. There seems to be conflicting facts and everyone needs to remain calm till we can get all the facts. Could someone please tell the National Guard Soldier to please come forward? A young soldier in uniform went into a Texaco station in Bogalusa, LA, a day or so ago and was told by a Muslim owner, possibly a Pakistani, that they "don't serve your kind here." The locals in Bogalusa didn't take kindly to this affront and organized a boycott of the place,...
  • Step on the gas

    06/15/2012 8:37:43 AM PDT · by greenwill · 4 replies
    The Daily Review ^ | June 7, 2012 | JAMES LOEWENSTEIN
    Bradford County and approximately a dozen other counties across the United States are establishing an association that will advocate for the safe and responsible development of natural gas, the chairman of the Bradford County commissioners said. Increasing the production of natural gas and oil in the United States will accelerate the economic recovery, and the safe and responsible development of natural gas and oil "is critical to powering our nation's future," the Bradford County Commissioners wrote in a resolution that they plan to pass today, which will make Bradford County a member of the association. There is "a lot of...
  • US could outproduce Russia, Saudi Arabia in oil and gas

    06/13/2012 5:08:21 AM PDT · by george76 · 16 replies
    AFP - ^ | 13 June 2012
    The United States is seeing a dramatic surge in oil and gas production and could overtake the world's biggest producers, Russia and Saudi Arabia, in another decade, a US official said. "Some of the numbers are eye-popping," Daniel Sullivan, commissioner in Alaska's department of natural resources, told a panel of experts at the International Economic Forum of the Americas in Montreal. In the last quarter the US produced six million barrels of conventional and unconventional oil a day, he said, adding: "We haven't done that in 15 years." Since 2008, the US added 1.6 million barrels of additional oil, and...
  • Report of Syria Gas Attack and Russian ICBM Over Israel

    06/07/2012 5:08:15 PM PDT · by TWhiteBear · 5 replies
    ynetnews. ^ | 06.08.12 | Ynet Reporters
    Was UFO a Russian ballistic missile? Russian Defense Ministry says it successfully test-fired intercontinental ballistic missile Thursday; earlier, unidentified flying object reported in Israel, Lebanon, other states in region and Reports from the Syrian cities of Daraa, Hama and Dir al-Zur are claiming that Assad's forces are using unknown gas shells against civilians. http://www.ynetnews.com/articles/0,7340,L-4239820,00.htm
  • Israel Discovers New Giant Off-Shore Oil and Gas Field

    06/03/2012 7:39:21 AM PDT · by Eleutheria5 · 31 replies
    Arutz Sheva ^ | 3/6/12 | Tzvi ben Gedalyahu
    An Israel energy company announced Sunday it has discovered an off-shore energy field that may even surpass previous finds in terms of the possibilities of developing commercial grade oil. Israel Opportunity Energy Resources LP announced that its Pelagic licenses indicate 6.7 trillion cubic feet (TCF) of gas and 1.4 billion barrels of oil. By comparison, the previously announced Tamar and Leviathan off-shore fields contain an estimated 9 and 17 TCF of natural gas. The amount of commercial oil, if any, has not been finalized, but estimates of possible oil in the Leviathan field have been downsized to 600 million barrels....
  • Europe solves its “green” quota, declares gas to be green enough

    06/01/2012 11:36:11 AM PDT · by Mark Landsbaum · 5 replies
    This is our favorite news item this week, hands down. The Europeans, so enamored by things green that they have implemented subsidies, mandates and regulations that have nearly strangled their economy, have found a way out of their dilemma. “Energy from gas power stations has been rebranded as a green, low-carbon source of power by a €80bn European Union programme, in a triumph of the deep-pocketed fossil fuel industry lobby over renewable forms of power,” reports the Guardian in Great Britain. There you have it. To make the green quota, simply reclassify a fossil fuel as green enough. Voila! ....
  • Analysis: Shale energy boom dangles prospect of leap in economic growth (Fracking works!)

    05/30/2012 3:26:31 PM PDT · by Libloather · 15 replies
    Yahoo ^ | 5/24/12 | Jason Lange
    Analysis: Shale energy boom dangles prospect of leap in economic growthBy Jason Lange | Reuters – Thu, May 24, 2012 WASHINGTON (Reuters) - America's reliance on fuel imports has sucked vigor from its economy for decades. Now an oil and natural gas boom holds out the prospect for a new era of stronger U.S. economic growth. Vast reserves of natural gas and oil unlocked from underground shale deposits have slashed the price of U.S. natural gas to a fraction of costs in Europe and Asia, making it some of the cheapest energy in the world. That is cutting production costs...
  • Another gas crisis? Helium dwindles in U.S.

    05/22/2012 7:45:26 PM PDT · by MamaDearest · 39 replies
    bevdbulletin.com ^ | May 18, 2012 | Brad Plumer
    Snip: The United States is running out of helium. Yes, helium. Thanks to a 1996 law that has forced the government to sell off its helium reserves at bargain-bin prices, the country’s stockpile of the relatively rare and nonrenewable gas could soon vanish. Party supply stores are already feeling the pinch, as helium shortfalls are driving up the price of balloons........ A severe helium shortage, experts say, would cause problems for large swaths of the economy, from medical scanners to welding to the manufacturing of optical fibers and LCD screens.
  • Perfectly Planned Destruction

    05/20/2012 8:30:23 AM PDT · by Starman417
    Flopping Aces ^ | 05-19-12 | Nick Bolanis
    Most Conservatives have for many years tried to make the case that “Liberalism” is synonymous with “Socialism.” The main point being that liberal politicians can only be elected by ensuring their “constituents” remain dependent on the goodies only liberals can provide. “The Redistribution of Wealth” therefore has to be a primary plank in their campaign platforms. (It’s interesting to note that all these programs are designed to give their constituents just enough to survive, yet never enough to escape the trap of Government dependence). Reagan once said “We should measure welfare’s success by how many people leave welfare, not...
  • Pipeline Flip Turns U.S. Oil World 'Upside Down'

    05/19/2012 1:51:53 PM PDT · by Theoria · 41 replies
    NPR ^ | 18 May 2012 | Jeff Brady
    The U.S. oil boom has created a glut of crude in Cushing, Okla., a major oil storage hub. This sign dubs the city the "Pipeline Crossroads of the World." For years, Cushing, Okla., has been on the receiving end of a 500-mile pipeline funneling oil from the Gulf of Mexico to the American heartland.Starting this weekend, that pipeline will start moving crude in the other direction. That flow reversal could soon have implications at gas pumps around the country."For 40 years, crude oil flowed north," says Philip Verleger, a visiting fellow at the Peterson Institute for International Economics. "Today, oil...
  • Sick From Fracking? Doctors, Patients Seek Answers

    05/16/2012 3:05:20 AM PDT · by Ultra Sonic 007 · 96 replies
    NPR ^ | 05/15/2012 | Rob Stein
    Kay Allen had just started work, and everything seemed quiet at the Cornerstone Care community health clinic in Burgettstown, Pa. But things didn't stay quiet for long. "All the girls, they were yelling at me in the back, 'You gotta come out here quick. You gotta come out here quick,' " said Allen, 59, a nurse from Weirton, W.Va. Allen rushed out front and knew right away what all the yelling was about. The whole place reeked — like someone had spilled a giant bottle of nail polish remover. "I told everybody to get outside and get fresh air. So...
  • Interior Approves Anadarko's Uinta Basin Project

    05/09/2012 7:22:08 PM PDT · by Rabin · 5 replies
    Rigzone ^ | Tuesday, May 08, 2012 | Karen Boman
    Secretary of the Interior Salazar, on Tuesday signed the Record of Decision, for Anadarko Petroleum Corp.'s proposed Greater Natural Buttes project, in which up to 3,675 new gas wells could be developed in the existing gas producing area of Uintah County, Utah over a 10-year period. "The President is (after 3 years is) focused on expanding production of natural gas as ... cheaper and full of new jobs," said Salazar. Southern Utah Wilderness Alliance, praised the agreement. "We appreciate Anadarko's willingness to meet with us, listen to our concerns, and adjust its project to eliminate and mitigate impacts,"
  • Federal energy policy? Be careful what you wish for

    05/05/2012 7:09:11 AM PDT · by Oldeconomybuyer · 4 replies
    Salem News (OH) ^ | May 5, 2012 | Editorial
    Last month President Barack Obama signed an executive order that could lead to more federal rules on gas drilling. Obama said it is important to take advantage of natural gas resources, but he added air and water quality must be safeguarded. Of course. But what Obama did last week was to establish a "working group" to coordinate federal oversight of the natural gas industry. It will be headed by Heather Zichal, who is deputy assistant to the president for energy and climate change. Zichal is no friend of fossil fuels. She once worked with the Sierra Club and was an...
  • Bryan Mound (Strategic Petroleum Reserve)Pre-election Releases?

    05/05/2012 6:46:52 AM PDT · by lqcincinnatus · 38 replies
    Around the Internet | May 5, 2012 | LQCincinnatus
    Just got the scoop from my guy who works at Bryan Mound (Strategic Petroleum Reserve). As you may know, the largest reserve site in the U.S. is located a few miles from where I work in Freeport. It hold 200+ million barrels of oil. They got a visitor from Washington D.C. authorizing the release of 80-90 million barrels across all 4 sites in the U.S. It will be sold to Exxon Mobil for the purpose of flooding the market to bring down gas prices (temporarily). Just in time for the election. The president can do this without Congress. What an...
  • Stinging gas sends May Day protesters fleeing

    05/02/2012 10:07:08 AM PDT · by Morgana · 7 replies
    Seattle Times ^ | 5/2/2012 | TERRY COLLINS
    Thousands of protesters in New York demanded an end to income inequality and housing foreclosures. Police fired tear gas to disperse marchers in Oakland, Calif. And black-clad demonstrators smashed windows in Seattle and occupied a building owned by the Catholic archdiocese in San Francisco OAKLAND, Calif. — Thousands of protesters in New York demanded an end to income inequality and housing foreclosures. Police fired tear gas to disperse marchers in Oakland, Calif. And black-clad demonstrators smashed windows in Seattle and occupied a building owned by the Catholic archdiocese in San Francisco. Activists across the U.S. joined in worldwide May Day...
  • The Other Obama Columbia Summit Debacle (w/ Argentina)

    04/18/2012 6:21:27 PM PDT · by forty_years · 5 replies
    netwmd.com ^ | April 18, 2012 | netwmd Staff
    Does U.S. President Obama have a foreign policy or should we call it a "dangerous farcical policy." Is he even control of the White House? By now, most people have heard the story of how, "11 Secret Service agents" and "as many as 10 U.S. military personnel," hired prostitutes, drank alcohol, and possibly used illicit drugs -- all in "security preparation" for the president to attend the Summit of the Americas in Columbia. Besides the security debacle, Obama's diplomatic effort, "wasn't exactly smooth sailing." But there's a subtle clincher to Obama's ridiculous Columbia trip which belies his true incompetency, a...
  • Salazar: 'No one knows' if US headed to $9/gal gas

    04/24/2012 4:58:53 PM PDT · by Nachum · 28 replies
    The Examiner ^ | 4/24/12 | Joel Gehrke
    Department of Interior Secretary Ken Salazar said that "no one knows" if gasoline prices in the United States will reach $9 per gallon, and acknowledged that the possibility is outside his control. "I don't think anyone can speculate what will happen with respect to oil prices and gas prices because they are set on the global economy," Salazar told reporters when asked if gas prices could reach $9 per gallon, as they have been in Greece. "Where it will all end, no one knows. He explained that "what we see happening today are the influences first of unrest in places...
  • Egypt Says Gas Agreement 'Suspended, Not Cancelled'

    04/22/2012 9:45:34 PM PDT · by Nachum · 7 replies
    nn ^ | 4/22/12 | Elad Benari
    Gas Pipeline Gas Pipeline Reuters A senior official in the Egyptian army said on Sunday the agreement of supply of gas between Egypt and Israel was not cancelled but only suspended. According to a report on Army Radio, the official said that the suspension came about following a dispute regarding the transfer of funds. Earlier, Channel 2 News reported that Egypt had informed Israel that it is unilaterally cancelling the agreement. The announcement was made to EMG, the firm that receives the gas from Egypt. Egypt’s natural gas company declared, according to the Army Radio report, that the gas agreement...
  • Egypt Unilaterally Breaks Off Gas Deal, Cairo breaks agreement that is part of the peace treaty

    04/22/2012 11:16:04 AM PDT · by Nachum · 38 replies
    inn ^ | 4/22/12 | Gil Ronen
    Egypt informed Israel Sunday afternoon that it is unilaterally cancelling the agreement of supply of gas to Israel. The announcement was made to EMG, the firm that receives the gas from Egypt, and reported on Channel 2 news. The peace treaty with Egypt includes a financial appendix, in which Egypt agrees to supply Israel with oil. Several years ago the appendix was changed so that the oil was replaced by gas. The treaty commits Egypt to supply Israel with the amount of gas it requires for a specified period, in exchange for payment.
  • Graphics/Cartoons: Obama, Democrats, and Gas Prices

    04/20/2012 10:09:48 AM PDT · by opineapple · 11 replies
  • EPA: 2010 U.S. Greenhouse Gas Emissions Increased 3.2 Percent (economic growth, electricity demands)

    04/19/2012 6:45:07 PM PDT · by Libloather · 11 replies
    Yahoo ^ | 4/16/12 | Rachel Bogart
    EPA: 2010 U.S. Greenhouse Gas Emissions Increased 3.2 PercentBy Rachel Bogart | Yahoo! Contributor Network – Mon, Apr 16, 2012 According to Reuters, the Environmental Protection Agency announced today that greenhouse gas emissions in the U.S. increased 3.2 percent in 2010 over the previous year, most likely due to economic growth in the country and electricity demands during the stifling summer. Here are some facts about greenhouse gas emissions in the U.S. and steps being taken to reduce its emission levels. * Fossil fuel combustion contributes to a major portion of greenhouse gas emissions and in 2010 it contributed about...
  • Joe Kennedy III calls for ending ‘cheap oil’

    04/18/2012 2:07:53 PM PDT · by Timber Rattler · 58 replies
    The Daily Caller ^ | April 18, 2012 | Christopher Bedford
    As gas prices continue to soar around the country, Joe Kennedy III, the Democratic candidate for Rep. Barney Frank’s seat, wrote an online letter to supporters calling for an end to “cheap oil.” “Nixon, Ford, Carter, Reagan, Bush, Clinton, Bush, Obama — they’ve all talked about the same thing: the need to wean ourselves off our debilitating dependence on foreign oil,” Kennedy wrote. “The cycle that allows cheap oil to trump tough choices has to stop,” he continued. “Forty years is enough.”
  • Obama to pitch $52M plan to regulate oil markets [Maxine Waters Dream Coming True]

    04/17/2012 6:02:22 AM PDT · by SoFloFreeper · 30 replies
    Fox ^ | 4/17/12
    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 regulations.
  • Governor Palin’s Closing Argument On Her Fox News Special “Paying At The Pump”

    04/15/2012 7:20:26 AM PDT · by ak267 · 52 replies
    Fox News and C4P ^ | 4/13/2012 | Sarah Palin
    Palin: Here’s the deal. There is that inherent link between energy and prosperity and energy and security. Oil prices affect everything in our lives, including even where we send our sons and daughters in war. Bottom line is we need to drill more here where God seems to have dumped a storehouse of safe energy supply right underfoot. Developing resources here grows our economy. It decreases trade imbalance. It creates hundreds of thousands of good paying jobs and it secures our union by eliminating dependence on dangerous foreign regimes, regimes that use energy as a weapon. Access to affordable energy...
  • Restricting Supply To Boost Prices

    04/09/2012 5:57:47 PM PDT · by Kaslin · 20 replies
    IBD Editorials ^ | April 9, 2012
    Energy Policy: The administration claims there's no "silver bullet" to lower gas prices and that they've kept rising in the face of higher domestic production, as if the law of supply and demand has suddenly been repealed. It hasn't, and increased production on private and state lands doesn't blunt the impact on prices when 94% of federal onshore lands and 97% of federal offshore lands are off-limits to oil and gas drilling. A key factor in gas prices is and always has been future supplies and potential disruptions to those supplies. Another is the fact that we are the only...
  • How A Dumb Law Blocks A Great Way To Fuel America

    04/09/2012 5:33:26 PM PDT · by Mechanicos · 20 replies
    Forbes ^ | 4/03/2012 | Christopher Helman
    Steven Sterin thinks he has a better way. As president of the advanced fuels division at Dallas-based chemicals company Celanese, he’s supervising construction of two new plants—one in Texas, the other in China—to make ethanol. But you won’t see any vats fermenting corn here. Celanese makes its ethanol by tearing apart and recombining the hydrocarbons found in plentiful natural gas or coal. ..... The problem isn’t science. It’s Washington. Thanks to the 2007 Renewable Fuel Standard law, gasoline refiners are mandated to blend so much plant-based or renewable ethanol into the gas supply that it prevents Celanese or any other...
  • Gas Prices Officially Double Under Obama

    04/09/2012 4:09:10 PM PDT · by Kaslin · 11 replies
    Townhall.com ^ | April 9, 2012 | Katie Pavlich
    Feeling pain at the pump? You're not alone. Gas prices have officially doubled in President Obama's first term. 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 much with soaring oil prices. Under the Reagan administration, gas prices actually dropped 66 percent. When Bill Clinton was president, gas prices grew by roughly 30 percent, and under both Bush...
  • (-:(-:(-:THE OFFICIAL FRIDAY SILLINESS THREAD:-):-):-)

    04/06/2012 6:02:05 AM PDT · by Lucky9teen · 56 replies
    The Ant and The Grasshopper TRADITIONAL VERSION: The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter. The grasshopper thinks the ant is a fool and laughs and dances and plays the summer away. Come winter, the ant is warm and well fed. The grasshopper has no food or shelter, so he dies out in the cold. MORAL OF THE STORY: Be responsible for yourself! MODERN VERSION: The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter. The...
  • TX: EPA drops order against Range Resources in Parker County case [EPA loses AGAIN]

    04/01/2012 6:25:13 AM PDT · by upchuck · 3 replies
    Dallas Business Journal ^ | March 30, 2012 | Matt Joyce
    The U.S. Environmental Protection Agency has withdrawn an administrative order it filed against Fort Worth-based Range Resources over water contamination in Parker County. The EPA filed the “imminent and substantial endangerment order” in December 2010 and said Range’s drilling in Parker County had caused or contributed to the contamination of at least two residential drinking water wells. The agency ordered Range to stop the contamination, provide drinking water to the two residences and provide methane gas monitors to the homeowners, among other measures. Range’s challenge against the order was pending in the U.S. Court of Appeals for the Fifth Circuit...
  • MILLER: Sticker shock at the pump: Obama and Democratic Senate push for higher gas prices

    03/30/2012 5:54:15 AM PDT · by bestintxas · 17 replies
    Washington Times ^ | Thursday, March 29, 2012 | Emily Miller
    Americans today are paying an average $3.92 for a gallon of regular gas. The pain of watching the number at the pump tick ever higher doesn’t seem to be shared by President Obama or his allies on Capitol Hill. Democrats see the sky-high cost of petrol as a way to force other people to get around by public transportation and electric cars. Thankfully, they don’t have the support to get away with it. Just before a Thursday vote in the Senate to hike taxes on oil companies, the president appeared in the Rose Garden to make his case. “Today members...