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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...