http://www.freerepublic.com/tag/oil/ en-us Fri, 25 Jul 2008 13:11:21 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-chat/2051118/posts A 50,000 to 100,000 barrel of oil equivalent a day pilot production scheme on Brazil's offshore Tupi field is planned to begin in 2011, the chief executive of BG Group PLC (BG.LN) Frank Chapman said Thursday. Speaking in a conference call he said an extended well test, with production in the range 10,000 to 20,000 barrels of oil equivalent a day, will begin on Tupi later this year in advance of the pilot program. http://www.rigzone.com/news/article.asp?a_id=64639 Rig Zone http://www.freerepublic.com/focus/f-chat/2051118/posts#comment Fri, 25 Jul 2008 13:11:21 GMT http://www.freerepublic.com/focus/f-news/2051090/posts America’s gas prices are continuing to spiral out of control and Washington has done nothing to give our nation’s motorists the relieve they deserve. Record high prices are having a major impact on American consumers and businesses, from the way people travel to the way they do business to the food they buy at the grocery store. Congress has the ability to decrease prices at the pump and get our nation back to $2 a gallon gas – and it means accessing our nation’s available resources and opening up the Arctic National Wildlife Refuge (ANWR) today. Last weekend, I traveled... humanevents.com http://www.freerepublic.com/focus/f-news/2051090/posts#comment Fri, 25 Jul 2008 12:27:54 GMT http://www.freerepublic.com/focus/f-bloggers/2051060/posts WaPo: Why not have a vote on offshore drilling? There's a serious debate to be had over whether Congress should lift the ban on drilling in the Outer Continental Shelf that has been in place since 1981. Unfortunately, you won't be hearing it in the House of Representatives -- certainly, you won't find lawmakers voting on it -- anytime soon. Instead of dealing with the issue on the merits, House Speaker Nancy Pelosi (D-Calif.), a staunch opponent of offshore drilling, has simply decreed that she will not allow a drilling vote to take place on the House floor. Why not? The Patriot Room http://www.freerepublic.com/focus/f-bloggers/2051060/posts#comment Fri, 25 Jul 2008 11:32:37 GMT http://www.freerepublic.com/focus/f-news/2050989/posts Protestors Blame War For Pain At The Pump Citizen Action of New York chanted "No more war" Thursday afternoon in front of an Exxon station in Binghamton. The group believes the war in Iraq is the reason for high gas prices. But would an abrupt end to the war cause a quick drop in prices at the pump? That's what the protestors believe. "They're dependent on the Middle East but at the same time if they stop having wars with the Middle East then we won't have to pay so much," said a concerned Binghamton resident. Members of Citizen Action... WICZ http://www.freerepublic.com/focus/f-news/2050989/posts#comment Fri, 25 Jul 2008 04:41:21 GMT http://www.freerepublic.com/focus/f-bloggers/2050906/posts The one thing we can credit liberals for is their very creative minds. They have this ability to imagine whimsically how the world can be refashioned to suite their various constituencies and accompanying agendas. In all of these lofty goals liberals are extremely adept at selling a goal by glossing over the negative consequences of their advocacy. In glossing over the negatives, they sell the goal as having magical abilities to solve all kinds of problems, in the real world we call this a panacea. Panaceas are born of wishful thinking by people who lack the ability, knowledge, skill or... Publius' Forum http://www.freerepublic.com/focus/f-bloggers/2050906/posts#comment Fri, 25 Jul 2008 00:42:00 GMT http://www.freerepublic.com/focus/f-news/2050827/posts Liberals have done a U-turn on conservative billionaire oilman T. Boone Pickens. Formerly reviled for funding the "Swift Boat Veterans for Truth" campaign against Sen. John Kerry, he's now adored by the Left — unfortunately, for trying to gaslight the rest of us on energy policy. This column recently spotlighted Pickens' proposed plan to get America off foreign oil by substituting wind-generated electricity for natural gas-generated electricity and then using the natural gas to replace gasoline. Already having addressed the proposal's flaws — and Pickens' plan to profit at taxpayer expense from it — let's consider how Pickens' marketing shades... Fox News http://www.freerepublic.com/focus/f-news/2050827/posts#comment Thu, 24 Jul 2008 22:48:43 GMT http://www.freerepublic.com/focus/f-news/2050824/posts NEW YORK: The race for petroleum resources above the Arctic Circle is likely to speed up in coming years, as the polar ice cap melts and access to oil and gas reserves in many other places around the world becomes more challenging. The lure of the Arctic as oil's next big frontier was vindicated this week as a major geological survey found the region might hold as much as a fifth of the world's yet to-be-discovered oil and natural gas reserves. Many of these new resources, according to the survey, are to be found in Russia. If true, that would... International Herald Tribune http://www.freerepublic.com/focus/f-news/2050824/posts#comment Thu, 24 Jul 2008 22:39:49 GMT http://www.freerepublic.com/focus/f-news/2050816/posts NEW YORK (CNNMoney.com) -- Oil's on sale! Okay, not really. At about $124 a barrel, crude is still up substantially from a year ago. But it's down 15% in just a couple of weeks, and the threat of $150 oil has faded for now. The stock market has taken notice. Despite some not-so-great news from many banks, stocks overall have rallied. So why is oil falling? And can it continue to do so? There's a simple answer to the first question: Oil prices are down sharply because oil prices were up sharply. The spike in oil has hurt consumers around... money.cnn.com http://www.freerepublic.com/focus/f-news/2050816/posts#comment Thu, 24 Jul 2008 22:30:07 GMT http://www.freerepublic.com/focus/f-news/2050814/posts NEW YORK (CNNMoney.com) -- The government charged an oil trading firm Thursday with manipulating oil prices in the first complaint to be announced since the regulators began a new investigation into wrongdoings in the energy markets. The Commodity Futures Trading Commission accused Optiver Holding, two of its subsidiaries and three employees with manipulation and attempted manipulation of crude oil, heating oil and gasoline futures on the New York Mercantile Exchange. "Optiver traders amassed large trading positions, then conducted trades in such a way to bully and hammer the markets," CFTC Acting Chairman Walt Lukken said at a press conference. "These... money.cnn.com http://www.freerepublic.com/focus/f-news/2050814/posts#comment Thu, 24 Jul 2008 22:25:44 GMT http://www.freerepublic.com/focus/f-news/2050774/posts Out here in West Texas we love our guns, we support our troops, and we treasure our freedom. We are an independent bunch and -- pardon me, Senator Obama -- fiercely but not bitterly so. We are proud to have our own things to do with as we choose to, as free people of the freest nation in the history of the world. We also walk around on top of oil: yes it’s far beneath us, but it’s there. And all these aspects of West Texas come together to our astonishment and anger over the fact that our independence is... humanevents.com http://www.freerepublic.com/focus/f-news/2050774/posts#comment Thu, 24 Jul 2008 21:13:58 GMT http://www.freerepublic.com/focus/f-news/2050764/posts "John McCain understands that high gas prices are squeezing family budgets and putting pressure on the small business, the job creating engine of the American economy. Senator McCain has proposed a comprehensive energy plan that will provide relief to American families through a gas tax holiday and will secure America's energy independence for the long-term through the development of alternative sources of energy and expanded oil exploration here at home." -- Taylor Griffin, McCain Spokesman Today, John McCain Will Talk With Local Small Business Owners About The Economic Challenges They Face And How We Can Create New Jobs In... johnmccain.com http://www.freerepublic.com/focus/f-news/2050764/posts#comment Thu, 24 Jul 2008 21:00:53 GMT http://www.freerepublic.com/focus/f-gop/2050765/posts Since President Bush announced an end to federal ban on offshore drilling, the price of oil has dropped over $20 a barrel, the stock market is ticking back up and the dollar has strengthened. And all this because, why? Well, because the markets can be almost totally assured that supply will increase with new drilling offshore. In other words, Republicans are/were right: More drilling = more oil = lower prices. Overseas stock markets were higher and Wall Street index futures pointed to a solid open as the cost of oil retreated further and traders turned a bit more hopeful about... Right Up Front http://www.freerepublic.com/focus/f-gop/2050765/posts#comment Thu, 24 Jul 2008 21:02:31 GMT http://www.freerepublic.com/focus/f-news/2050742/posts I was listening to Rush Limbaugh at lunch today, and he mentioned that Ms. Nancy Pelosi (D, CA) was castigating the President for failing to release any of the "700 million barrels" of oil in the Strategic Petroleum Reserve (our emergency supply). Guess what? Nancy has been preventing the production of a lot more than 700 million barrels of our oil, and she has been doing it for years. Take a look here: http://www.mms.gov/omm/pacific/offshore/oil-gaspdfs/2000-063.pdf"Unproved reserves are estimated to be 1,316 million barrels of oil and 922 billion cubic feet of gas, in 25 fields."That's ONE BILLION, THREE HUNDRED AND SIXTEEN... http://www.freerepublic.com/focus/f-news/2050742/posts#comment Thu, 24 Jul 2008 20:17:06 GMT http://www.freerepublic.com/focus/f-bloggers/2050729/posts * The economy is by far the No. 1 issue on most Americans' minds. Gas prices are a close second. The two issues are intimately related. But the spike in oil prices this year is just the tip of the iceberg. Due to similar developments in supply and demand, electricity prices are set to skyrocket next year. While American oil consumption has grown only 15% since 1973, electricity use has shot up 115%. Right now the U.S. has 760 gigawatts of power to meet consumption. We will need 135 gigawatts of new capacity over the next decade to keep the... The Foundary at The Heritage Foundation http://www.freerepublic.com/focus/f-bloggers/2050729/posts#comment Thu, 24 Jul 2008 19:58:34 GMT http://www.freerepublic.com/focus/f-news/2050723/posts WASHINGTON, DC – Sen. James Inhofe (R-Okla.), Ranking Member of the Environment and Public Works Committee, gave a floor speech on America’s energy policy today. Selected Excerpts of Inhofe’s Energy Speech “I believe that America is not running out of oil and gas or running out of places to look for oil and gas.  America is running out of places where the Democrats in Congress are allowing us to look for oil and gas. Again I ask, why should producing America's own resources be a partisan issue?  It shouldn't be, but it is.  The Democrats in Congress refuse to increase our... The U.S. Senate Committee on Environment & Public Works http://www.freerepublic.com/focus/f-news/2050723/posts#comment Thu, 24 Jul 2008 19:44:19 GMT http://www.freerepublic.com/focus/f-news/2050705/posts House rejects bill to sell oil from reserve Thu Jul 24, 2008 3:09pm EDT WASHINGTON (Reuters) - The U.S. House of Representatives rejected legislation on Thursday to sell 70 million of barrels of light, sweet crude from the Strategic Petroleum Reserve and replace it with heavy, sour crude. The bill would have required the sale of 10 percent of the emergency stockpile's holdings, or 70 million barrels, on the open market over six months. Proceeds from the sales would have been used to buy an equivalent amount of heavy crude, which is cheaper. The White House had threatened to veto... Reuters http://www.freerepublic.com/focus/f-news/2050705/posts#comment Thu, 24 Jul 2008 19:12:52 GMT http://www.freerepublic.com/focus/f-news/2050648/posts The area north of the Arctic Circle has an estimated 90 billion barrels of undiscovered, technically recoverable oil and 1,670 trillion cubic feet of technically recoverable natural gas, the U.S. Geological Survey announced Wednesday. The USGS said technically recoverable resources are those produced using currently available industry practices and technology. The Arctic accounts for about 13 percent of the world's undiscovered oil and 30 percent of the undiscovered natural gas, the USGS reported. Foxnews http://www.freerepublic.com/focus/f-news/2050648/posts#comment Thu, 24 Jul 2008 17:31:48 GMT http://www.freerepublic.com/focus/f-news/2050632/posts NEW YORK (CNNMoney.com) -- The government charged an oil trading firm Thursday with manipulating oil prices, the first complaint to be announced since the regulators began a new investigation into wrongdoings in the energy markets. The Commodity Futures Trading Commission accused Optiver Holding, two of its subsidiaries, and three employees, with manipulation and attempted manipulation of crude oil, heating oil and gasoline futures on the New York Mercantile Exchange. "Optiver traders amassed large trading positions, then conducted trades in such a way to bully and hammer the markets," CFTC Acting Chairman Walt Lukken said at a press conference. "These charges... CNN/MONEY http://www.freerepublic.com/focus/f-news/2050632/posts#comment Thu, 24 Jul 2008 17:07:32 GMT http://www.freerepublic.com/focus/f-bloggers/2050649/posts Fox News just released their Opinion Dynamics poll showing that Barack Obama's lead over John McCain has shriveled to just 1%, echoing repeated tracking polls by Gallup and Rasmussen that also show Obama with the narrowest of leads. In the poll, Fox News and Opinion Dynamics also found that ... PDOP http://www.freerepublic.com/focus/f-bloggers/2050649/posts#comment Thu, 24 Jul 2008 17:34:35 GMT http://www.freerepublic.com/focus/f-news/2050606/posts Rep. Bachmann Reports From ANWR: 'Drill It or Lose It' by John Gizzi As her plane touched down at Fairbanks Airport in Alaska, Rep. Michelle Bachmann (R.-Minn.) promptly called me at home. The time was 10:30 PM, Sunday, and the freshman lawmaker had just spent the day with nine Republican colleagues actually touring the controversial, much-debated site of the Arctic Natural Wildlife Reserve (ANWR) and asking questions of Alaskan natives and seismic experts. For all the rancor and disagreements on whether to drill on the site, Bachmann offered conclusions that were cut and dried. “We could begin drilling in ANWR... HumanEvents.com http://www.freerepublic.com/focus/f-news/2050606/posts#comment Thu, 24 Jul 2008 16:12:15 GMT http://www.freerepublic.com/focus/f-news/2050517/posts Colorado, Wyoming and Utah have more oil in oil shale than OPEC. Everyone seems to know that by now, but here are six things you probably did not know about oil shale. 1) Did you know oil shale has a smaller carbon footprint than ethanol? When calculating the carbon emissions of the entire oil shale process, without the use of carbon capture technology, its total carbon footprint is about 7 percent larger than gasoline. But a peer-reviewed article in the February issue of Science calculates the entire carbon footprint of ethanol to be 93 percent larger than gasoline. The article... Denver Post http://www.freerepublic.com/focus/f-news/2050517/posts#comment Thu, 24 Jul 2008 14:03:13 GMT http://www.freerepublic.com/focus/f-bloggers/2050522/posts Isn’t it interesting how just a small drop in gasoline consumption – coupled with polls that show almost 60% of the American public favor greatly expanded drilling (and President Bush’s largely symbolic canceling of the existing executive order limiting drilling) – can cause such a large drop in the world market price of oil? Obviously the market-makers for petroleum think that America may, at long last, be starting to get serious about drilling our way out of our dependence on foreign countries that hate us. The price has dropped today to $126 from a high of $146. From Sea to Shining Sea http://www.freerepublic.com/focus/f-bloggers/2050522/posts#comment Thu, 24 Jul 2008 14:11:28 GMT http://www.freerepublic.com/focus/f-news/2050506/posts Fox News did a segment this morning about the propsed gas tax increase. They asked both a Republican and Democrat. Demint appeared for the Republicans and since no Demorats wanted to appear Fox News used an empty chair instead of a reluctant, non appearing Democratic congress critter. Great stuff. http://www.freerepublic.com/focus/f-news/2050506/posts#comment Thu, 24 Jul 2008 13:46:53 GMT http://www.freerepublic.com/focus/f-news/2050508/posts n 2005, I asked Angelenos to join me in re-imagining their city as a dynamic world capital defined by its flexibility and mobility, not by traffic and smog. I challenged them to imagine communities connected not by bigger, wider highways but by a real network of public transit options -- rapid buses, trains and subway lines -- connecting every neighborhood in our county's 88 cities. I asked them to imagine cleaner and greener neighborhoods where we each pitch in to combat global warming and create a more sustainable city. Today, when I take the helm as chairman of the Metropolitan... LA Times http://www.freerepublic.com/focus/f-news/2050508/posts#comment Thu, 24 Jul 2008 13:47:40 GMT http://www.freerepublic.com/focus/f-news/2050469/posts The area north of the Arctic Circle has an estimated 90 billion barrels of undiscovered, technically recoverable oil and 1,670 trillion cubic feet of technically recoverable natural gas, the U.S. Geological Survey announced Wednesday. The Arctic accounts for about 13 percent of the world's undiscovered oil and 30 percent of the undiscovered natural gas, the USGS reported. The three provinces of West Siberian Basin, the East Barents Basins and Arctic Alaska are said to hold more than 70 percent of the undiscovered natural gas. Fox http://www.freerepublic.com/focus/f-news/2050469/posts#comment Thu, 24 Jul 2008 12:43:44 GMT