Keyword: palinwasright

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  • Feds Discover Largest Oil, Natural-Gas Reserve in History

    12/06/2018 2:26:32 PM PST · by reaganaut1 · 124 replies
    National Review ^ | December 6, 2018 | MAIREAD MCARDLE
    The federal government has discovered a massive new reserve of oil and natural gas in Texas and New Mexico that it says has the “largest continuous oil and gas resource potential ever assessed.” “Christmas came a few weeks early this year,” Secretary of the Interior Ryan Zinke said of the new reserve, which is believed to have enough energy to fuel the U.S. for nearly seven years. In all, the new reserve is said to contain 281 trillion cubic feet of natural gas, 46.3 billion barrels of oil, and 20 billion barrels of natural-gas liquids, the Interior Department’s U.S. Geological...
  • US Becomes Net Oil Exporter for First Time in 75 Years

    12/06/2018 12:48:44 PM PST · by Hojczyk · 18 replies
    Transport Topics ^ | December 6, 2018 2:30 PM, EST | Matthew Busch
    America turned into a net oil exporter the week of Nov. 26, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what President Donald Trump has branded as “energy independence.” The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to the Bakken in North Dakota to the Marcellus in Pennsylvania. U.S. crude shipments reached a record 3.2 million barrels the week of Nov. 26, government data...
  • Trump Plans Major Rollback of Sage Grouse Protections to Spur Oil Exploration

    12/06/2018 1:01:49 PM PST · by reaganaut1 · 34 replies
    New York Times ^ | December 6, 2018 | Coral Davenport
    WASHINGTON — The Trump administration on Thursday published documents detailing its plan to roll back Obama-era protections for the vast habitat of the greater sage grouse, a chickenlike bird that roams across nearly 11 million acres in 10 oil-rich Western states. The earlier proposal to protect the bird, whose waning numbers have brought it close to endangerment, was put forth under the Interior Department in 2015 and set out to ban or sharply reduce oil and gas drilling in 10.7 million acres of its habitat. The Trump plan, by contrast, would limit the grouse’s protected habitat to just 1.8 million...
  • Palin Was Right: 'Drill, Baby, Drill!'

    12/01/2018 7:23:35 AM PST · by rktman · 38 replies
    americanthinker.com ^ | 12/1/2018 | Daniel John Sobieski
    Like the rooster that takes credit for the sunrise, President Barack “You Didn’t Build That” Obama woke up the other day and decided to take credit for another thing he had nothing to do with. The president who said that companies like Solyndra were the hallmark of a future in which workers drove Chevy Volts, predicted that manufacturing jobs of the past could not be brought back, not only took credit for an economy he didn’t build, but also for the energy boom he opposed which is fueling it. Back in 2012, geologist Barack Obama, poster child for the “peak...
  • Ex-Shell President John Hofmeister: Obama 'had nothing to do' with oil-and-gas boom

    11/30/2018 12:03:12 PM PST · by detective · 21 replies
    The Washington Times ^ | November 30, 2018 | Jessica Chasmar
    Former Shell Oil President John Hofmeister is pouring cold water on former President Barack Obama’s claims that he’s responsible for the country’s boom in oil and gas production. Mr. Obama on Tuesday told the audience at a gala for Rice University’s Baker Institute that he deserved credit for the oil-and-gas boom that his successor, President Trump, is now enjoying. “You wouldn’t always know it, but it went up every year I was president,” the former president said to applause. “That whole — suddenly America’s like the biggest oil producer and the biggest gas — that was me, people.”
  • Obama Claims Credit for Boom in U.S. Oil Production, Praises Paris Climate Accords

    11/28/2018 1:10:40 PM PST · by Rummyfan · 64 replies
    NRO ^ | 28 Nov 2018 | Jack Crowe
    Former President Barack Obama claimed credit Tuesday for the recent boom in U.S. oil production immediately after praising the Paris Climate Accords, which committed the U.S. to dramatically reducing greenhouse-gas emissions. “I was extraordinarily proud of the Paris accords because — you know, I know we’re in oil country and we need American energy, and by the way, American energy production,” Obama told the audience gathered at Rice University’s Baker Institute on Tuesday night. “You wouldn’t always know it but it went up every year I was president. That whole, suddenly America’s like the biggest oil producer and the biggest...
  • In Oil’s Huge Drop, All Signs Say Made in the U.S.A.

    11/23/2018 5:37:13 PM PST · by DUMBGRUNT · 36 replies
    WSJ ^ | 12 Noc 2018 | Stephanie Yang
    The downward spiral in oil prices is accelerating as a surge in crude production from a turbocharged U.S. petroleum industry runs into weaker global economic growth. A big reason why: the emergence of the U.S. oil industry as one of the world’s most important players. Ballooning shale production—American output has nearly doubled since the start of 2012—has made the U.S. a key supplier and exacerbated worries about a global glut of crude. The U.S. now exports more energy than it imports, by one measure. ...defying skeptics who previously warned OPEC’s grip on world markets had slipped thanks to U.S. shale.
  • Energy Department Says U.S. Is Now World’s Top Oil Producer

    11/01/2018 4:50:23 PM PDT · by Hojczyk · 19 replies
    Breitbart ^ | November 1,2018
    (AP) – The United States is pumping record amounts of oil, vaulting over Russia to become the world’s biggest producer of crude. The Energy Information Administration said Thursday that the U.S. produced more than 11.3 million barrels a day in August, a 4 percent increase over the old record set in July. Russia’s energy ministry estimates that country pumped 11.2 million barrels a day in August. OPEC reports Saudi Arabia pumped 10.4 million barrels a day It’s the first time since 1973 that the U.S. leads the world in oil production. in August including Texas, which accounts for about 40...
  • Report: U.S. World’s Largest Crude Oil Producer

    09/12/2018 8:36:18 AM PDT · by Hojczyk · 31 replies
    Breitbart ^ | September 12,2018 | Joshua Caplan
    President Donald Trump’s America First energy policy has catapulted the United States to the world’s largest global crude oil producer, according to the Energy Information Administration (EIA). EIA’s Short-Term Energy Outlook (STEO) report states preliminary estimates show the U.S. feasibly overtook Saudi Arabia and Russia to become the top crude oil producer earlier this year. The report notes U.S. crude production in February outstripped Saudi Arabia’s for the first time in over 20 years. Further, U.S. crude production in June exceeded Russia’s crude oil output for the first time since February of 1999. EIA data signals the U.S. will maintain...
  • Alaska’s Oil Renaissance

    08/23/2018 12:25:41 PM PDT · by bananaman22 · 20 replies
    Oilprice.com ^ | 08-23-2018 | Haley
    The impending oil renaissance in Alaska’s North Slope is going to be even more massive than previously projected. The oil lurking under the surface of the historically oil rich region is enough to turn the state’s economy around and reinstate it as a major player in the oil industry, according to new research from IHS Markit, a London-based global information and analytics provider. The study shows that the North Slope’s crude output could increase by as much as a whopping 40 percent in the next eight years, more than regaining its place as one of the major powerhouses of the...
  • Trump changes US policy: 'Conserving oil no longer an economic imperative'

    08/20/2018 10:06:43 AM PDT · by rktman · 59 replies
    americanthinker.com ^ | 8/20/2018 | Thomas Lifson
    In terms of its effect on the lives of Americans, as well as the economy, the change of U.S. policy announced by the Trump administration last month to almost no media attention is a big deal. Ellen Knickmeyer of the Associated Press picked up on it belatedly: Conserving oil is no longer an economic imperative for the U.S., the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-thrifty cars and other conservation programs.
  • An Anniversary Of History Being Made: The Birth Of Modern Fracking

    08/10/2018 8:10:25 AM PDT · by Reeses · 38 replies
    Forbes ^ | Aug 8, 2018 | David Bahnsen
    ... The event I refer to is the drilling of the first well which would use hydraulic fracturing to crack shale rock, thereby releasing the gas beneath the rock. Put differently, it was 20 years ago that “fracking” was born. ... The volumes of natural gas, natural gas liquids, and crude oil that this technique has uncovered all over the country have been unfathomable, and over the last decade alone has caused the United States to more than double their crude oil production on an absolute basis, and to surpass Russia and Saudi Arabia in production on a relative basis....
  • Opinion: Trump's giveaway to Big Oil will accelerate climate change

    08/08/2018 11:46:02 AM PDT · by Oldeconomybuyer · 75 replies
    CNN ^ | August 8, 2018 | By Leah C. Stokes
    Rather than saving people money in gas costs, cleaning up the air, or dealing with the climate crisis, the Trump administration announced its plan to roll back automobile fuel efficiency standards -- proposing to freeze the policy in a few short years. Since cars and trucks are the largest source of carbon pollution in the United States, the existing regulations are crucial in the effort to stop the climate crisis. Limiting pollution for cars is also important for human health, because dirty air from cars is bad for all of us. We know the public will lose from this rollback....
  • How The Fracking Revolution Broke OPEC's Hold On Oil Prices

    07/24/2018 8:53:32 AM PDT · by Hojczyk · 17 replies
    Forbes ^ | July 22,2018 | Robert Rapier
    The success of this marriage would unlock oil in tight oil and shale oil deposits that had previously been too expensive to recover, and would result in one of the greatest oil booms the world had ever seen. In fact, the "fracking revolution" caused U.S. oil production to turn upward in 2009, and then rise over the next seven years at the fastest rate in U.S. history. While it is still true that OPEC still produced 42.6% of the world's oil in 2017, the majority of new oil production since 2008 has come from the U.S.It is hard to overstate...
  • Energy Group: Highest-Ever U.S. Crude Oil and Natural Gas Liquids Production

    07/22/2018 11:18:03 AM PDT · by Hojczyk · 32 replies
    Breitbart ^ | July 21,2018 | Penny Starr
    The American Petroleum Institute (API) released its monthly statistical report on Thursday, revealing the highest-ever production of U.S. crude oil and natural gas liquids in June. During that month, production of crude oil hit 10.7 million barrels per day (mb/d), and production of natural gas liquids hit 4.2 million barrels per day, . “Record production of U.S. crude oil and natural gas liquids last month highlighted the strength of our nation’s energy renaissance,” Dean Foreman, API chief economist, said in the announcement of the report. “U.S. oil production has supplied all of the growth in global oil demand so far...
  • Texas to become world’s number 3 oil producer, passing Iran

    07/20/2018 7:22:38 AM PDT · by Rusty0604 · 24 replies
    Hot Air ^ | 07/19/2018 | JOHN SEXTON
    Plunging drilling costs have sparked an explosion of production out of the Permian Basin of West Texas. In fact, Texas is pumping so much oil that it will surpass OPEC members Iran and Iraq next year, HSBC predicted in a recent report. If it were a country, Texas would be the world’s No. 3 oil producer, behind only Russia and Saudi Arabia, the investment bank said. “It’s remarkable. The Permian is nothing less than a blessing for the global economy,” said Bob McNally, president of Rapidan Energy Group, a consulting firm… “The industry cracked the code on fracking,” said McNally....
  • Titan Launches Oil & Gas Production Equipment Business (120 jobs in Texas)

    07/11/2018 9:38:50 AM PDT · by 2ndDivisionVet · 2 replies
    The Daily Times ^ | July 11, 2018 | The Associated Press
    HOUSTON--(BUSINESS WIRE)--Jul 11, 2018--Titan Production Equipment has officially opened for business, completing its acquisition of Exterran Corporation’s North American production equipment business. The new company plans to scale up quickly, aiming to become the market leader in the design, engineering and manufacture of oil and gas production equipment used to separate, process and treat hydrocarbon streams – including glycol regeneration dehydrators, as well as two- and three-phase separators. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180711005433/en/ Designed for high-volume, complex manufacturing, Titan Production Company's Columbus, Texas facility is one of the largest of its kind in the...
  • Trump Admin. Calls on U.S. Allies to End Oil Imports From Iran by November 2018

    06/26/2018 9:54:28 AM PDT · by Eddie01 · 9 replies
    Haaretz ^ | Jun 26, 2018 | Amir Tibon
    WASHINGTON - The Trump administration is asking U.S. allies around the world to lower their level of oil imports from Iran to zero by November 4th of this year, a senior U.S. Official said on Tuesday. The official added that the administration isn't planning to produce any waivers that will exclude certain countries or companies from this requirement. "We are pushing allies to cut oil imports to zero by November," the senior official said. "We view this as one of our top national security priorities." Talks on this demand have been ongoing for recent weeks, but the senior official said...
  • Energy Independence Day: A Story of Shale and Sand

    06/24/2018 6:25:17 AM PDT · by rktman · 25 replies
    townhall.com ^ | 6/24/2018 | Gil Gutknecht
    People over 50 remember the OPEC oil embargoes and Americans waiting in line to buy gasoline. We were the most powerful nation the world. We had won World War II, rebuilt Europe and Japan. Yet, here we were begging some faceless Middle Eastern Sheiks for a few gallons so we could get to work. It was both frustrating and humiliating. The answers we got from our political leadership were pathetic. Yes, they authorized farmers to start making ethanol and gave tax credits to the big refineries to get them to blend it. Congress created a Department of Energy to look...
  • It’s Starting: Calif. Obamacare To Cut Hospitals That Perform ‘Too Many’ Surgeries

    06/02/2018 10:23:08 AM PDT · by yesthatjallen · 43 replies
    Western Journal ^ | May 30, 2018 | Cillian Zeal
    If you like your doctor, you can keep your doctor. If you like your health plan, you can keep your health plan. If you like the surgery you’re about to receive, you can get the surgery you’re about to receive. Yes, that’s the latest cost-cutting measure that’s about to hit Obamacare recipients. In California, according to the American Spectator, they’re going to start cutting funds to hospitals that perform too many surgeries. How many is too many, of course, is whatever the nearest bureaucrat says that it is. “Covered California, the state’s health insurance marketplace under the Affordable Care Act,...