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  • Pentagon To Scrap Warplane The Islamic State Fears

    01/26/2015 10:13:33 AM PST · by raptor22 · 58 replies
    Investor's Business Daily ^ | January 26, 2016 | IBD EDITORIALS
    Defense Spending: The venerable A-10 Warthog, designed to stop Soviet tanks, and the perfect weapon to "degrade and destroy" the Islamic State, as President Obama promised, faces a budgetary chopping block. We have noted the irony of how Obama was going to war against the Islamic State with weapons systems he had scrapped, ending the production runs of the F-22 Raptor and Tomahawk cruise missiles. They were dismissed by the administration as relics of the Cold War even as Russia was rearming and trying to reassemble the old Soviet Union. We've also mentioned the phasing out of the A-10 Thunderbolt,...
  • GOP Should Revive Yucca Mountain And Nuclear Energy

    12/09/2014 2:07:45 PM PST · by raptor22 · 17 replies
    Investor's Business Daily ^ | December 9, 2014 | IBD EDITORIALS
    Nuclear Waste: While Keystone XL remains a focus, the long-stalled repository for spent nuclear fuel at Yucca Mountain, Nev., deemed safe in a recent report, is also good for the environment and for our energy future. The ghosts of Chernobyl, Three Mile Island and Fukushima continue to haunt and hinder the nuclear energy industry. Yet a report released Oct. 16 may revive both the spent fuel repository and the nuclear energy industry with it. The Nuclear Regulatory Commission (NRC) report, mostly finished in 2010 but delayed by Yucca Mountain foes such as the Obama administration and soon-to-be Senate Minority Leader...
  • Rising Rail Oil Shipments Beg For Safer Keystone XL

    11/17/2014 9:54:31 AM PST · by raptor22 · 15 replies
    Investor's Business Daily ^ | November 17, 2014 | IBD EDITORIALS
    Energy Transport: New data show fast-rising rail shipments from North Dakota's Bakken shale formation and the need for a safer alternative to rail — like the Keystone XL pipeline. In his post-election press conference, the president noted in justifying his continual kicking of the Keystone XL oil drum down the road that "while this debate about Canadian oil has been raging ... we've seen some of the biggest increases in American oil production and natural gas production in our history." That increase is due in large part to oil recovered from the Bakken shale formation centered on North Dakota. So...
  • Casselton North Dakota Train Wreck Shows Keystone XL Need

    01/03/2014 6:38:42 PM PST · by raptor22 · 11 replies
    Investor's Business Daily ^ | January 3, 2014 | IBD EDITORIALS
    Energy Policy: An oil-laden train collides with another and bursts into flames in a small American town, proving why pipelines are safer and why environmentalist opposition to a pipeline from Canada is misguided. Casselton, N.D., had a near brush with tragedy after a train of tank cars carrying crude oil derailed, resulting in fiery explosions and a call from the town's mayor for a re-examination of how such fuel is transported across the United States. The railroad runs right through the middle of Casselton, a town of 2,400 people about 25 miles west of Fargo, and Mayor Ed McConnell said...
  • Kill Keystone Pipeline And You Kill Americans

    06/11/2014 5:22:38 PM PDT · by jazusamo · 8 replies
    Investors.com ^ | June 11, 2014 | IBD Editorial
    Energy: As a big Dem donor talks of pipeline terrorism, new federal reports warn that killing Keystone XL will overburden rail transport of oil and result in more frequent and deadlier environmental disasters. Environmentalists who claim that the Keystone pipeline from Canada represents an unprecedented environmental threat ignore that the pipeline would pose no greater danger than the more than 50,000 existing miles of safely operating pipeline already crisscrossing the U.S. They also ignore the very real and growing environmental danger in the only viable alternate for transporting oil — by rail. Keystone would not only carry oil from Canada...
  • Obama's Ethanol Policies Have Scarred The Earth

    11/13/2013 4:01:11 PM PST · by raptor22 · 10 replies
    Investor's Business Daily ^ | November 13, 2013 | IBD EDITORIALS
    After fomenting fears of fracking and fossil fuels, the administration's campaign to put food in our gas tanks has wiped out millions of acres of conservation land, destroyed habitat and polluted water supplies. Ethanol was supposed to save the earth and pave the way to energy independence. It has done neither. We are getting closer to energy independence but it is thanks to the technology known as hydraulic fracturing, or fracking, that has unleashed our vast reserves of oil and natural gas formerly trapped in shale formations underneath much of the U.S. Fracking was supposed to be environmentally dangerous, a...
  • Coal Miner's Slaughter: Thousands Protest War On Coal

    10/30/2013 3:47:20 PM PDT · by raptor22 · 40 replies
    Investor's Business daily ^ | October 30, 2013 | IBD EDITORIALS
    Regulation: More than 3,500 coal supporters descended on Washington Tuesday to protest environmental rules requiring technology that doesn't exist, designed to turn the Saudi Arabia of coal into the Bangladesh of energy. Members of Congress, union members, miners and their families stormed Capitol Hill to air their grievances about President Obama's policies that make it harder to burn or mine coal. They were protesting the government shutdown that hasn't ended — that of the coal industry in pursuit of environmental goals that ignore global temperatures that haven't budged in 17 years and greenhouse-gas emission declines that have occurred as a...
  • U.S. Fracking Success Threatens Russian Economy, Strategy

    10/03/2013 6:04:46 PM PDT · by raptor22 · 12 replies
    Energy Revolution: America's natural gas boom threatens Russia's economic strategy, an expert says, leaving it with few alternatives to rescue its economy while threatening to shatter its energy stranglehold on Europe. Russia's abundance of energy resources has long allowed it to use energy both as a foreign policy weapon and as the bedrock of the Russian economy. Whenever energy prices rose, Russia benefited and its neighbors often felt the restraining leash of dependence on Russian energy, particularly natural gas. Government-controlled energy giant Gazprom was in such a strong position it could demand decade-long contracts and link the price of gas...
  • Environmentalist-Funded Study Confirms Safety Of Fracking

    09/19/2013 6:22:18 AM PDT · by raptor22 · 13 replies
    Investor's Business Daily ^ | September 19 2013 | IBD EDITORIALS
    Energy: A new study shows that little methane, a strong greenhouse gas that occurs naturally in ground water, is released into the atmosphere during hydraulic fracturing. So it must be OK to frack now. In the first "Gasland" movie, environmental activist Josh Fox trumpeted flaming water taps in a Colorado town as evidence of fracking-induced water contamination. In fact, the areas in question had reported naturally occurring methane in their water for decades. Whether naturally occurring or not, environmentalists claim that fracking would release huge amounts of what they consider the most potent heat-trapping greenhouse gas, far outweighing the value...
  • Fracking Leads To Cleaner Air

    09/18/2013 2:41:27 PM PDT · by raptor22 · 8 replies
    Investor's Business Daily ^ | August 20, 2012 | IBD Editorials
    Carbon emissions in the U.S. have hit a 20-year low due to a supposedly environmentally unfriendly drilling technique that has created an abundance of cheap natural gas. The free market, it seems, does it better than the EPA. Environmentalists find themselves between shale rock and a hard place after a little noticed technical report documented how the natural gas boom caused by the use of hydraulic fracturing, or fracking, has actually helped the environment in a major way while also creating jobs and economic growth. In the report, the U.S. Energy Information Agency, a part of the Energy Department, said...
  • Obama's Keystone Job Claims As Phony As His Recovery

    07/31/2013 4:33:55 PM PDT · by raptor22 · 9 replies
    Investor's Business Daily ^ | July 31, 2013 | IBD EDITORIALS
    Energy Policy: The president falsely claims that the jobs created by the pipeline from Canada would be but a "blip relative to the need," ignoring his own State Department and the unions that support him. At the rate President Obama is going, he may claim that building the Keystone XL pipeline will actually cost jobs. In an interview with the New York Times last Saturday, he argued that the best estimate is 2,000 initial construction jobs followed by no more than an additional 100 jobs, a mere "blip." The newspaper's transcript of the interview showed Obama chuckling dismissively as he...
  • Canada Train Wreck Shows Need For Keystone Pipeline

    07/09/2013 4:23:11 PM PDT · by raptor22 · 9 replies
    Investot's Business Daily ^ | July 9, 2013 | IBD EDITORIALS
    A n oil-laden train not unlike those rolling down American tracks derailed and exploded Saturday in a Canadian town, proving why pipelines are safer and environmentalist opposition to a pipeline from Canada is misguided. At least 13 people were reported dead and 37 missing in the charred Quebec town of Lac-Megantic, 130 miles east of Montreal, after the accident created an inferno of burning crude. Some may never be found, likely vaporized by the sheer intensity of the blaze that burned for 36 hours. Canada's oil boom, due largely to development of the oil sands in its western province of...
  • The Rise Of Saudi Texas: Shale And Farewell To OPEC

    07/03/2013 7:30:20 AM PDT · by SeekAndFind · 15 replies
    IBD ^ | 07/03/2013
    Oil: Production data for April show how fracking has shattered not only the shale rock in formations like Texas' Eagle Ford and Permian Basin but also the myths of "peak oil" and petroleum as an energy source of the past. As Mark Perry notes on his Carpe Diem blog, Texas produced an average of 2.45 million barrels a day (bpd) of crude oil in April, according to the Energy Information Administration (EIA). That's the highest average daily output for Texas in any month since April 1985 — 28 years ago. In only 2-1/2 years, the Lone Star State has doubled...
  • In Obama's War On American Coal, China's The Victor

    07/01/2013 8:10:56 AM PDT · by raptor22 · 17 replies
    Investor's Nusiness Daily ^ | July 1, 2013 | IBD EDITORIALS
    While our electricity prices necessarily skyrocket under the weight of the administration's regulatory assault in fossil fuels, the world's largest carbon emitter will spew even more, preferring economic growth over climate change hype. President Obama's expansion of his war on coal to include existing coal plants may very well put the industry on the path to extinction, costing jobs and economic growth while raising energy prices, a huge tax on the American consumer. But countries like China and India are increasing their coal consumption, more than outpacing any U.S. reductions in coal use and carbon emissions. His actions come as...
  • Obama Donor Set To Profit From Keystone Demise

    06/27/2013 6:09:22 PM PDT · by raptor22 · 9 replies
    Investor's Business Daily ^ | June 27, 2013 | IBD EDITORIALS
    Energy Policy: A billionaire hedge fund manager and Barack Obama donor is pushing the president to stop the pipeline that would compete with one he's invested in. That pipeline could send Canadian oil to China. Environmental activist Tom Steyer donated as much as he could to get Massachusetts Rep. Ed Markey elected to the Senate in the recent special election to fill the seat vacated by now-Secretary of State John Kerry. He wanted another senator who's opposed to completing the Keystone XL pipeline that he says would be an environmental plague on the planet. A few days before President Obama...
  • Obama's Carbon Scam Jeopardizes Keystone Jobs

    06/26/2013 4:19:13 PM PDT · by raptor22 · 17 replies
    Investor's Business Daily ^ | June 26, 2013 | OND EDITORIALS
    Energy Policy: The president said Tuesday the pipeline from Canada should be built if the State Department finds it will not add to carbon pollution and is in our national interest. But State already has — twice. 'Allowing the Keystone pipeline to be built requires a finding that doing so would be in our nation's interest," the president said in his speech on climate change. "And our national interest will be served only if this project does not significantly exacerbate the problem of carbon pollution." As with Benghazi, President Obama must not talk to the State Department much. For in...
  • U.S. For Sale: Obama Lets China Gobble Up U.S. Energy

    01/31/2013 4:14:43 PM PST · by raptor22 · 12 replies
    Inestor's Business Daily ^ | January 31, 2013 | IBD EDITORIALS
    Oil And Politics: Beijing plays the debt card as the Obama administration quietly lets China acquire major ownership interests in oil and natural gas resources across the U.S. at the same time it blocks the Keystone pipeline. Normally, foreign investment in the U.S. is to be welcomed. It creates jobs, boosts economic growth and promotes trade and exports. But when that investor is an ambitious and increasingly belligerent China to whom we owe over a trillion dollars, eyebrows and concerns need to be raised. Reversing a Bush administration policy, the Obama administration is encouraging Beijing to acquire equity interests in...
  • Can UAE-Backed Film Shut Down U.S. Fracking Boom?

    12/21/2012 4:25:40 PM PST · by raptor22 · 27 replies
    IBD EDITORIALS ^ | December 21, 2012
    Energy: As the U.S. changes the balance of power by exporting some of its abundant natural gas resources, a Hollywood propaganda film debuts claiming the technology making it possible will poison America's small towns. 'Promised Land," a film that does nothing to alter Hollywood's stereotype of businessmen, particularly energy industry executives, as greedy plunderers of the planet, opens this week in selected theatres. The anti-fracking film is based on a not-true story about well contamination in a small Pennsylvania town with a healthy dose of junk science. As documentary filmmaker Phelim McAleer, who is working on his own documentary, "FrackNation",...
  • Senators Ask Obama For Post-Election Keystone OK

    11/21/2012 9:32:56 AM PST · by raptor22 · 13 replies
    IBD EDITORIALS ^ | Nobember 21, 2012
    Now that the election is over, nine Republican and nine Democrats have asked the president to stop making excuses and build a job-creating pipeline that will close the revenue gap through economic growth. The truly bipartisan group of senators, led by Max Baucus, a Montana Democrat and powerful chair of the Senate Finance Committee, and John Hoeven, a North Dakota Republican, wrote President Obama on Friday urging him to quickly issue a permit for the northern leg of the Keystone XL pipeline that would bring over 830,000 barrels of crude from Canada's oil sands to American refineries every day. "Setting...
  • Lies, Damned Lies, And Obama's Phony Energy Statistics

    10/18/2012 10:02:45 AM PDT · by raptor22 · 5 replies
    Energy Policy: Leases and production are down on federal lands, the EPA is waging war on coal, and as for building enough pipelines to encircle the earth, we'd settle for just one from Canada to the Gulf. When President Obama, in responding Tuesday to Mitt Romney's chiding about failing to approve the Keystone XL pipeline, claimed that his administration has added enough new oil and gas pipelines to "encircle the Earth and then some," we felt a perfect response from Romney would have been, "You didn't build that." In fact, energy companies have built some 55,000 miles of pipeline, including...
  • Lies, Damned Lies, And Obama's Energy Statistics

    10/17/2012 4:17:16 PM PDT · by raptor22 · 5 replies
    IBD EDITORIALS ^ | October 17, 2012
    Energy Policy: Leases and production are down on federal lands, the EPA is waging war on coal, and as for building enough pipelines to encircle the earth, we'd settle for just one from Canada to the Gulf. When President Obama, in responding Tuesday to Mitt Romney's chiding about failing to approve the Keystone XL pipeline, claimed that his administration has added enough new oil and gas pipelines to "encircle the Earth and then some," we felt a perfect response from Romney would have been, "You didn't build that." In fact, energy companies have built some 55,000 miles of pipeline, including...
  • Gas Prices Doubled, Obama Locks Up Alaska's National Petroleum Reserve

    10/17/2012 11:07:58 AM PDT · by raptor22 · 4 replies
    Energy Policy: As the administration fast-tracks solar projects on public lands, it has locked up more than half of the National Petroleum Reserve in Alaska, preferring to continue outsourcing energy jobs and dollars. The price of gasoline, which was $1.84 a gallon the day President Obama took office, has more than doubled since, willfully aided and abetted by an administration that claims we can't drill our way to energy independence as we ignore vast reserves of North American energy that dwarf OPEC's and we sit on 100 years' supply of petroleum. Few Americans have heard of the National Petroleum Reserve-Alaska...
  • Gas Prices Doubled, Obama Locks Up National Reserve

    10/16/2012 4:11:45 PM PDT · by raptor22 · 6 replies
    IBD EDITORIALS ^ | October 16, 2016
    Energy Policy: As the administration fast-tracks solar projects on public lands, it has locked up more than half of the National Petroleum Reserve in Alaska, preferring to continue outsourcing energy jobs and dollars. The price of gasoline, which was $1.84 a gallon the day President Obama took office, has more than doubled since, willfully aided and abetted by an administration that claims we can't drill our way to energy independence as we ignore vast reserves of North American energy that dwarf OPEC's and we sit on 100 years' supply of petroleum. Few Americans have heard of the National Petroleum Reserve-Alaska...
  • Fracking Leads To Cleaner Air

    08/20/2012 5:05:31 PM PDT · by raptor22 · 16 replies
    IBD Editorials ^ | August 20, 2012
    Carbon emissions in the U.S. have hit a 20-year low due to a supposedly environmentally unfriendly drilling technique that has created an abundance of cheap natural gas. The free market, it seems, does it better than the EPA. Environmentalists find themselves between shale rock and a hard place after a little noticed technical report documented how the natural gas boom caused by the use of hydraulic fracturing, or fracking, has actually helped the environment in a major way while also creating jobs and economic growth. In the report, the U.S. Energy Information Agency, a part of the Energy Department, said...
  • Mine Succumbs To Obama's War On Coal, Ohio

    08/02/2012 5:09:05 AM PDT · by raptor22 · 31 replies
    IBD Editorials ^ | August 2, 2012
    Politics: As he flies into an Ohio air base that budget cuts will close, the president won't also be visiting an Ohio coal-mining operation shut down by his policies. Hey, isn't he trying to win that state? As Air Force One touched down Wednesday in Mansfield, Ohio, President Obama found himself at the site of one of the possible casualties of his defense cuts — the 179th Airlift Wing of the Ohio Air National Guard. It employs more than 200 airmen and more than 550 part-time employees. Despite administration denials, the 179th Airlift Wing may be doomed. It was targeted...
  • Will President Obama's Re-election Doom Fracking?

    06/26/2012 6:23:50 PM PDT · by raptor22 · 14 replies
    IBD Editorials ^ | June 26, 2012
    Energy: The top White House energy aide says new regulations gripping the technology responsible for unlocking America's vast oil and gas reserves will be ready by year's end. Team Obama's war on fossil fuels continues. One more reason not to re-elect President Obama to a second term was provided last Friday, when Heather Zichal, the top White House energy aide, told reporters that she expects the Interior Department rules regulating hydraulic fracturing, dubbed fracking, to be completed by year's end. Why are federal rules necessary since fracking has been successfully regulated at the state level for decades without a single...
  • Obama's Green-Jobs Fraud Exposed

    06/21/2012 5:49:46 PM PDT · by Kaslin · 6 replies
    IBD Editorials ^ | June 21, 2012 | Editor
    Industrial Policy: For a $9 billion investment, the administration created just over 900 new, permanent jobs. We could've had 20,000 jobs building a pipeline with not a dollar of taxpayer money being wasted. According to the report by the National Renewable Energy Laboratory, which is part of the U.S. Department of Energy, Section 1503 of the American Recovery and Reinvestment Act (aka the stimulus), the part that covers green energy projects got some $9 billion in stimulus cash for 2009-11 and created a whopping 910 direct jobs — those involved in the ongoing operation of the wind and solar projects...
  • North Dakota Drills Its Way Out Of Property Taxes

    06/12/2012 5:32:30 PM PDT · by raptor22 · 31 replies
    IBD Editorials ^ | June 12, 2012
    Energy Boom: One state has found a solution to job and economic growth so successful it may eliminate one of the most onerous of taxes. It turns out that, yes, we can drill our way out of our problems. On Tuesday in North Dakota, a state flush with revenues from oil produced from the Bakken Shale formation it sits astride, voters were deciding whether theirs will become the first and only state not to have a property tax. If it passes (polls didn't close until after our press time), it ll be the first time a state has eliminated a...
  • House Slaps Obama On Yucca Mountain, Nuclear Power

    06/11/2012 2:11:15 PM PDT · by raptor22 · 9 replies
    IBD Edirorials ^ | June 11, 2012
    Energy: A green administration blocks the safe storage of nuclear waste and refuses even to acknowledge nuclear power has a future. But after the GOP House votes to open a safe site, the nuclear debate has been reopened. Actually "waste" is an inaccurate term for the spent nuclear fuel rods still accumulating at above-ground fuel storage sites around the country, many near major cities. Spent nuclear fuel is a renewable resource that, in generating energy after being reprocessed, emits no greenhouse gasses. But wait, critics shout, what about Fukushima and Chernobyl? Certainly Russian incompetence and Japanese carelessness produced tragic results....
  • Will The War On Coal Unplug Obama In November?

    05/23/2012 5:34:04 PM PDT · by Kaslin · 19 replies
    IBD Editorials ^ | May 23, 2012 | Editor
    Energy: As coal use drops, job losses rise and electricity prices skyrocket, an electoral map of the 16 top coal-mining states does not bode well for an administration whose energy policy consists of algae and exploding electric cars. Earlier this year, Houston-based GenOn Energy Inc. announced plans to close five of its older coal-fired power plants in Pennsylvania over the next four years, saying that tough new environmental rules make it unprofitable to operate the plants, which generate a total of 3,140 megawatts of electricity. The plants are in Portland, Shawville, Titus, New Castle and Elrama. Two plants in Ohio...
  • GAO To Obama: More Oil Than Rest Of The World

    05/14/2012 7:09:16 PM PDT · by Colonel Kangaroo · 19 replies
    Investor's Business Daily ^ | May 14, 2012 | IBD Editorial
    Energy: The Government Accountability Office tells Congress the Green River Formation out West contains an "amount about equal to the entire world's proven oil reserves." So why are we keeping it locked up on federal lands? Exploding the Big Lie pushed by President Obama that we can't drill our way out of high gas prices because we have but 2% of the world's proven oil reserves, Anu Mittal, GAO director of natural resources and environment, testified before Congress last week that just one small part of the U.S. is capable of outproducing the rest of the planet. That small part...
  • Obama Lies To Union That Supports Keystone XL Pipeline

    05/02/2012 6:19:13 PM PDT · by raptor22 · 17 replies
    IBD editorials ^ | Mat 2, 2012
    Politics: The president tells building-and-trades union workers that Republicans have blocked multiple bills putting them to work, even as he blocks an oil pipeline their former union chief supported. President Obama may have thought he was preaching to the choir when he addressed the AFL-CIO Building and Construction Trades Department Legislative Conference on Monday, blaming Republicans for blocking his attempts at job creation. But he forgot one of the cardinal rules of public speaking — know your audience. "I've said now is the time to do this, interest rates are low, construction workers are out of work ... and time...
  • Pain At The Pump And Pain At The Checkout Line

    04/18/2012 6:19:05 PM PDT · by raptor22 · 5 replies
    IBD Editorials ^ | April 18, 2012
    Energy: The effect of restricting domestic oil production isn't limited to gas prices. Petroleum is used to make or move everything we buy. So a higher price amounts to an unconscionable tax on middle and working classes. Pump prices are now more than $2 higher than they were when President Obama took office. For a middle-class family that fills up, say, two cars with 15-gallon gas tanks each week, that amounts to an extra $3,100 a year — no small expense. But it's not just the price of filling up the family cars that's getting harder to afford. From the...
  • Obama Doubles Down On More Solyndras

    04/18/2012 6:11:14 PM PDT · by raptor22 · 4 replies
    IBD Editorials ^ | April 18, 2012
    Green Energy: Another day and another set of layoffs at a Department of Energy-backed solar company and an electric-car maker funded with stimulus dollars. Yet the President wants to double down on green energy. First Solar, a solar energy company that received a $1.46 billion loan guarantee from the Department of Energy, announced Monday it will lay off 2,000 workers worldwide. In December, First Solar laid off 100 employees at a Santa Clara , Calif., plant. The DOE has committed the loan to a project in Riverside County, Calif., expected to create a whopping 15 permanent jobs and 550 construction...
  • 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...
  • 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...
  • Yes, Virginia, President Obama Is An Oil Hypocrite

    04/03/2012 2:00:37 PM PDT · by raptor22 · 2 replies
    IBD editorials ^ | April 3, 2012
    Energy Policy: The Interior Department announces a five-year environmental study of offshore oil sites along the Atlantic coast with possible drilling off the Old Dominion in 2018 — only seven years after a promised lease sale. Despite taking credit for rising oil production on private and state lands he has nothing to do with, and claiming he supports opening up areas for domestic exploration as part of his "all-of-the-above" energy policy, President Obama in fact despises domestic fossil fuel production and moves to block it at every opportunity. During a visit to Norfolk, Va., last week, Interior Secretary Ken Salazar...
  • Obama's Keystone XL Visit A Potemkin Village Photo-Op

    03/21/2012 5:03:54 PM PDT · by Kaslin · 12 replies · 2+ views
    IBD Editorials ^ | March 21, 2012
    Politics: The president stages a photo-op in Oklahoma to take credit for the portion of the Keystone XL pipeline that doesn't need his approval and for oil production on private and state lands beyond his jurisdiction. If one of his aides some morning remarked on a particularly lovely sunrise, it wouldn't surprise us if President Obama responded with a "thank you," so gifted is he in taking credit for successes that he has nothing to do with and that occur despite, not because, of his policies. So it will be Thursday, when Obama is scheduled to appear in Cushing, Okla.,...
  • Paul Krugman Drills Dry Hole On Oil, Gas Fracking

    03/20/2012 3:55:18 PM PDT · by raptor22 · 18 replies
    Investor's Business Daily ^ | Marcxh 20. 2012 | IBD editorials
    Energy: The economist at the newspaper of record defends the president's energy policy of Solyndra, Chevy Volts and algae while dismissing the oil boom on private lands as a small-town hiccup with no impact on price. New York Times columnist and Keynesian economist Paul Krugman asks in a recent column why gas prices are rising if we are in the middle of a domestic oil boom. Doesn't the "drill, baby, drill" crowd claim, he argues, that prices will drop "if only we would stop protecting the environment and let energy companies do whatever they want"? Without our domestic oil boom,...
  • Obama Turns Keystone Pipe Dream To Nightmare

    03/12/2012 11:18:08 AM PDT · by raptor22 · 17 replies
    Investor;s Business Daily ^ | March 12, 2012 | IBD editorials
    Energy Policy: After presidential lobbying, the Senate fell four votes short of taking a giant step toward energy independence as gas prices and unemployment rise. In the White House, everything is going according to plan. The 56-42 vote defeated a proposal by Sen. John Hoeven, R-N.D., that would have granted approval of the pipeline without any further environmental reviews by the State Department. It came after President Obama personally called lawmakers to lobby for the Hoeven amendment's defeat. Sixty votes were needed for passage to avoid a filibuster. As we've said, you have to watch what Obama does, not what...
  • Obama Energy Hypocrisy: What's It All About, Algae?

    03/09/2012 3:07:40 PM PST · by raptor22 · 9 replies
    IBD Editorials ^ | March 9, 2012 | IBD staff
    Energy: At a plant that makes natural-gas-powered trucks, the president proposes still more alternative-energy subsidies. The privately developed technology that lowered the price of natural gas can lower gasoline prices too. It was a tad surreal to see President Obama, champion of green energy and unions, visiting a foreign-owned manufacturer of natural gas-powered trucks in a right-to-work state. But there he was Wednesday, at the Daimler Trucks North America truck factory in Mount Holly, N.C., touting vehicles powered by a fossil fuel produced by drilling. The president, who recently touted pond scum as an energy source of the future, embraced...
  • Obama's Green Energy Failures Continue To Abound

    03/01/2012 4:26:55 PM PST · by Kaslin · 11 replies · 6+ views
    IBD Editorials ^ | March 1, 2012
    Green Energy: Another stimulus-backed solar panel maker, one the president touted in a weekly radio address, lays off most of its workers. The definition of insanity is doing the same thing and expecting a different result. President Obama is the Little Orphan Annie of presidents. He is always singing that the sun will come out tomorrow and shine on the American economy and his dreams of green energy. Yet companies such as Solyndra have proved the rule rather than the exception, producing more pink slips than green jobs as solar power and alternative energy continue to be eclipsed by advances...
  • On Energy, Massachusetts Tilts At Windmills

    02/27/2012 4:13:35 PM PST · by raptor22 · 24 replies · 1+ views
    Investor's Business Daily ^ | February 27, 2012 | IBD staff
    Green Energy: Bypassing abundant supplies of environmentally friendly and reliable natural gas, the Bay State forces its utilities to buy energy from offshore wind farms. The tilting at windmills continues. It is instead found in the vast resources locked up in the Outer Continental Shelf, the Arctic National Wildlife Refuge, the Chukchi and Beaufort Seas off Alaska and in the vast shale formations that bless the U.S. with an abundance of oil and natural gas. A nationwide boom in natural gas production is set to fuel nearly 900,000 jobs and add roughly $1,000 to annual household budgets by 2015, according...
  • Oil Execs Say Obama Lead Us To "Energy Abyss"

    02/23/2012 5:56:23 PM PST · by raptor22 · 17 replies
    Investor's Business Daily ^ | February 23, 2012 | IBD staff
    Energy: Industry leaders gathered in Houston say rising fuel output comes in spite of, not because of, the president's policies and the pain at the pump will soon be excruciating. Energy executives and other industry players gathered for the North American Prospect Expo (NAPE) in Houston shredded administration assertions that it is opening up areas for oil and gas exploration and that its policies are responsible for increased oil and gas production on President Obama's watch. "These have been the most difficult three years from a policy standpoint that I've ever seen in my career," Bruce Vincent, president of Houston...
  • Will Canadian Oil Be For the Lamps of China?

    02/13/2012 2:49:23 PM PST · by raptor22 · 26 replies · 1+ views
    Investor's Business Daily ^ | February 13, 2012 | IBD staff
    Energy: While our president sleeps on the Keystone XL pipeline, Canada’s prime minister is in Beijing signing a series of trade deals to ship additional petroleum to China. Halftime in America? We need a new quarterback. While Clint Eastwood, in that thinly disguised infomercial for President Obama's re-election campaign, was promising that the world would soon hear the roar of our engines, China's economy will soon be revving up with petroleum that should and could be flowing south in a pipeline the Obama administration won't build. Prime Minister Steven Harper is making good on his warning that Canada would seek...
  • Gulf Deepwater Drilling Ban’s Hidden Victims

    02/01/2012 12:41:43 PM PST · by raptor22 · 7 replies · 1+ views
    Investor's Business Daily ^ | Feberuary 1, 2012 | IBD staff
    Energy: Small- and medium-size businesses serving Louisiana's energy industry are shedding employees, dipping into personal savings or moving elsewhere to stay afloat. The administration's war on fossil fuels is taking its toll. The federal six-month moratorium on drilling that was issued in May 2010, after the explosion of the Deepwater Horizon oil rig, has been officially lifted, but it might as well still be in effect. The glacial permitting process put in place in the aftermath in the name of public safety is killing an industry pledged to wean us from the "energy of the past" will not mourn. A...
  • Obama's Hypocrisy: Making Warren Buffett Richer

    01/25/2012 5:16:10 PM PST · by raptor22 · 12 replies
    Investor's Business Daily ^ | January 25, 2012 | IBD staff
    Hypocrisy: As the great investor's secretary sat with the first lady at the State of the Union, the president spoke of economic "fairness." Is it fair to make a supporter wealthier at the expense of the American people? During the 2008 campaign, candidate Barack Obama cited billionaire Warren Buffett as one of his economic muses. In the 2012 State of the Union address Tuesday night, the president returned to his advocacy of the "Buffett rule," a proposed minimum tax on millionaires and billionaires. To highlight his theme of "fairness," there in the first lady's box sat Buffett's secretary, Debbie Bosanek,...
  • Keystone XL Pipeline And Jobs — Put Up Or Shut Up, Obama

    01/15/2012 11:09:19 AM PST · by raptor22 · 10 replies · 1+ views
    Investor's Business Daily ^ | January 15, 2012 | IBD staff
    Politics: The day after the president announces he would reward businesses that bring jobs into the U.S., the Chamber of Commerce asks: What about the pipeline from Canada that would bring both jobs and energy? The irony was mind-boggling when President Obama addressed a group of business leaders at the White House last Wednesday on his plans to reward "insourcing." "There are workers ready to work right now," he told them. "In the next few weeks, I will put forward new tax proposals that reward companies that choose to bring jobs home and invest in America — and eliminate tax...
  • Congress Shucks Ethanol Subsidies, Not Mandates

    01/03/2012 4:36:42 PM PST · by Kaslin · 15 replies
    IBD Editorials ^ | January 3, 2012 | Editor
    Energy Policy: Congress let the corn-based fuel's tax credits expire when it adjourned, but continuing mandates for its use means pump prices will go even higher and the money saved will be spent elsewhere. Subsidies for ethanol expired over the weekend, ironically just days before the Iowa caucuses. In their 33 years of existence, ethanol subsidies, the original poster child for crony capitalism, with an estimated cost of at least $45 billion and an annual price tag in recent years of $6 billion, have been a political sacred cow, letting farm state politicians bring home the bacon in exchange for...
  • Defend Mideast Oil, But Refuse To Build Keystone?

    12/29/2011 5:00:47 PM PST · by raptor22 · 4 replies
    Energy Independence: As our enemy Iran threatens to close a vital waterway for the shipping of oil, plans for a secure, job-creating supply from our ally Canada gather dust on the president's desk. The blustering threat from the quite mad Iranian mullahs and their supremely mad leader, Mahmoud Ahmadinejad, may be just a bluff, but then again it might not. It may just be an attempt to intimidate and poke the eye of an American president perceived as weak and whose failure to support and exploit the "Iranian Spring" of 2009 may come back to bite us. These are not...