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Keyword: bhoenergy

Brevity: Headers | « Text »
  • U.S. Unlikely to Use the Ethanol Congress Ordered

    11/27/2009 5:40:20 AM PST · by reaganaut1 · 57 replies · 891+ views
    New York Times ^ | November 26, 2009 | Matthew L. Wald
    Two years ago, Congress ordered the nation’s gasoline refiners to do something that is turning out to be mathematically impossible. To please the farm lobby and to help wean the nation off oil, Congress mandated that refiners blend a rising volume of ethanol and other biofuels into gasoline. They are supposed to use at least 15 billion gallons of biofuels by 2012, up from less than seven billion gallons in 2007. But nobody at the time counted on fuel demand falling in the United States, which is what has happened during the recession. And that decline could well continue, as...
  • EPA Lawyers: Cap-And-Trade 'Fatally Flawed'

    11/11/2009 5:13:19 PM PST · by Kaslin · 23 replies · 1,233+ views
    Investors.com ^ | November 11, 2009
    Warming: After stifling a report questioning the science behind climate change, the EPA is censoring two of its lawyers for saying the proposed solutions are also problematical. The debate isn't over. It's being suppressed. In the proud tradition of EPA whistle-blower Alan Carlin, whose leaked study blew the lid off the EPA's hyped and flawed science behind climate change, two EPA lawyers, Laurie Williams and Allan Zabel, have produced a Web video titled "A Huge Mistake." In it they say cap-and-trade in general and the Waxman-Markey bill in particular are the wrong answers anyway. Williams and Zabel do not deny...
  • Power To Spare (Palin vs. Biden on energy)

    11/05/2009 4:53:14 PM PST · by raptor22 · 3 replies · 452+ views
    Investor's Business Daily ^ | November 5, 2009 | IBD editorial staff
    Leadership: As Palin jousts with Biden on energy independence, the government reports that we lead the world in energy reserves. From oil to gas to coal, we are sitting on prosperity. So why are we importing anything? One of the interesting sidelights of the NY-23 race was an exchange on energy independence between Vice President Joe Biden and the former governor of energy-rich Alaska, Sarah Palin. Biden, who came in to campaign for Democrat Bill Owens, was reminded of the issue of energy. "The fact of the matter is that Sarah Palin thinks the answer to energy was 'Drill, baby,...
  • Foolishly Choosing Bears Over Barrels

    10/26/2009 5:25:31 PM PDT · by Kaslin · 3 replies · 545+ views
    IBD Editorials ^ | October 26, 2009 | INVESTORS BUSINESS DAILY Staff
    Ecology: The administration creates the mother of all protected habitats for a species whose numbers have increased since Al Gore's "An Inconvenient Truth." It's our hopes for energy independence that are drowning. When filmmaker Phelim McAleer, whose documentary "Not Evil Just Wrong" takes apart the myths of global warming, got to ask Gore a question at the annual conference of the Society of Environmental Journalists, McAleer brought up the nine critical errors in Gore's film "An Inconvenient Truth." A British court two years ago listed them and said they must be righted before the film could be shown in schools...
  • You Ain’t Seen Nothing yet! [Waxman-Markey]

    10/24/2009 5:49:20 PM PDT · by EternalVigilance · 8 replies · 851+ views
    AIPNews.com ^ | October 23, 2009 | Gene J. Malvino
    Dear Friends,             Gene Malvino is a very unusual person.  He is a retired college professor who actually believes in the free enterprise system, and the values that made America great.  He has continued to work tirelessly to bring out the truth of those issues that are important to us as a nation.              The attached letter appeared in the Coeur d’Alene Press on Friday, October 23.  This is the original, unedited version. I trust you will find it instructional.             Jim Hollingsworth Gene J. Malvino If the readers of this newspaper believe that the much discussed and debated Obamacare...
  • Ethanol Bailout? Time To Shuck Corn

    12/26/2008 5:41:01 PM PST · by Kaslin · 26 replies · 1,233+ views
    IBD Editorials ^ | December 26, 2008
    Energy Policy: The heavily subsidized ethanol industry is the latest to seek a federal bailout. If there is any industry that deserves to go bankrupt, it's this one. Time has come to stop putting food in our gas tanks.The bailout-seeking domestic auto industry has been criticized as being unproductive and inefficient. It hasn't been helped by mandated fuel economy standards that have done little to reduce our dependence on foreign energy or help the environment. Now the fuel we have been mandated to put in our cars, equally unproductive and inefficient, is also seeking a bailout. Ethanol never made much...
  • Study: The Other Half of Waxman-Markey: An Examination of the Non-Cap-And-Trade Provisions

    10/14/2009 4:00:03 PM PDT · by raybbr · 5 replies · 296+ views
    Institute for Energy Research ^ | October 12, 2009 | N/A
    Executive Summary The massive energy-regulating bill (H.R. 2454) the House of Representatives passed in June 2009 is now before the Senate. Though the cap-and trade program has received most of the media and public attention surrounding Waxman-Markey, the rest of the bill (at least 628 pages) could create economic harm just as great as cap-and-trade. Without cap-and-trade, H.R. 2454 might still be the most far-reaching, counterproductive package of new taxes, transfers and obstacles to economic growth and liberty ever assembled in one bill. The bill affects so many facets of energy and the economy that simply summarizing its major provisions...
  • Energy Secretary Chu's War On Business

    10/12/2009 6:16:18 PM PDT · by Kaslin · 23 replies · 1,546+ views
    IBD Editorials ^ | October 12, 2009 | INVESTORS BUSINESS DAILY Staff
    Public Discourse: Our energy secretary applauds and encourages companies to leave the U.S. Chamber of Commerce over its position on climate change. Should any Cabinet secretary, with the powers of government behind him, be threatening U.S. companies? Part of the climate-change mantra is that the debate is over and the science is settled. Just to make sure, environmental groups have sought to pressure businesses to go green or at least keep silent. Now it would appear the whole weight of the federal government is being thrown behind this campaign to coerce and silence real and potential opposition. On Thursday, Steven...
  • THE US HAS "MORE THAN ALL THE MIDDLE EAST PUT TOGETHER" ( oil )

    10/11/2009 5:18:39 PM PDT · by Halfmanhalfamazing · 25 replies · 1,152+ views
    Atlas Shrugs ^ | October 10th | Pamela Geller
    The government is, increasingly, the enemy. Imagine the jobs, the wealth, the independence, and cutting the jihad snake off at the head. There is no downside. We could easily extract that oil with minimum impact to the trees. ..... For decades, Democrats have blocked efforts to responsibly develop this nation's energy resources, transforming vast areas of opportunity into "The No Zone." (hat tip Jim)
  • Democrats continue to mislead on the energy issue

    10/01/2009 6:12:21 PM PDT · by James H. Shott · 2 replies · 312+ views
    Annuit Coeptis ^ | October 1, 2009 | James H. Shott
    Our government still has not figured out what to do about the dependence on foreign oil that everybody agrees is an unacceptable situation. The sensible thing to do, of course, is to produce more oil and natural gas from sources within and off the coasts near the United States, and the sooner, the better. “Drill here, drill now” is not just a slogan; it’s a prescription for energy independence. The 30-year old ban on offshore drilling along the Atlantic and Pacific coasts expired a year ago, and yet the federal government has sat on its hands, allowing time to pass...
  • DOD orders Jet Bio fuel

    10/02/2009 7:11:27 AM PDT · by larry hagedon · 67 replies · 1,159+ views
    Biofuels Digest ^ | October 02, 2009 | Jim Lane
    Sustainable Oils, Solazyme, Cargill to supply 600,000 gallons of jet biofuel to US military In Washington, the US Air Force has ordered a total of 400,000 gallons of renewable biofuels from Sustainable Oils, Cargill and Solazyme for testing as a military aviation fuel. the companies, in turn, will use UOP’s processing technology to convert oil from camelina, algae and animal fats into renewable jet fuel. According to UOP, fuel will be delivered in 2009 and 2010 to support flight certification and testing efforts. Combined with a 190,000 gallon US Navy order recently placed for algal fuels, using feedstock provided by...
  • Energy Czar Raises Possibility Of EPA Implementing Cap-And-Trade

    10/02/2009 9:52:35 AM PDT · by FourPeas · 36 replies · 1,301+ views
    The Atlantic ^ | 10/2/09 | Chris Good
    There's more than one way to get cap-and-trade, President Obama's energy czar said today. Carol Browner, the former Environmental Protection Administration (EPA) administrator who now serves in the Obama administration's newly created role of energy czar, floated the possibility today of the EPA implementing cap-and-trade energy policies, during an interview at The Atlantic's First Draft of History symposium in Washington, DC. "We also have the reality of EPA, under current law, moving forward...to start the traditional regulatory clock," Browner said when asked, during an interview with Atlantic Media Political Director Ronald Brownstein, about the difficulties of passing the stalled energy/climate...
  • Freep this Poll (Should Florida Lawmakers Allow Oil Rigs Withing Five Miles of the Coast?)

    09/30/2009 1:39:18 PM PDT · by aberaussie · 31 replies · 1,355+ views
    With its economy in the worst shape in decades, Florida has few places to turn. This probably means that the state will have to consider...
  • A Year Later And Still No Offshore Drilling

    09/30/2009 5:24:10 PM PDT · by Kaslin · 14 replies · 427+ views
    IBD Editorials ^ | September 30, 2009 | THOMAS J. PYLE
    On Thursday, Americans will mark the first anniversary of perhaps the most historic change in our nation's energy policy — a change supported by the vast majority of the American people — that came in the form of the Oct. 1, 2008, retirement of the congressional embargo on offshore energy exploration and production. This oil embargo, first imposed by Congress in 1981 as a rider on the Interior Department appropriations bill, was the official policy of the United States for nearly three decades, even as oil imports soared. Many Americans will never forget the summer of 2008: $4 gasoline, crude...
  • Energy Secretary Chu and the Toll of Silly Physics

    09/29/2009 11:22:35 PM PDT · by neverdem · 12 replies · 974+ views
    American Thinker ^ | September 30, 2009 | Claude Sandroff
    Many of us had just the grandest time conducting worthless research for the old monopolistic phone companies.  Dr. Steven Chu, our Secretary of Energy was one of the typical products of that era of unfocused industrial research.  He nurtured his career in what had become the most arrogant and unfocused lab of them all, Bell Laboratories.   If you landed one of those storied jobs as a newly minted Member of Technical Staff, you could expect to conduct research indistinguishable from that of any academic scientist supported by government agencies like the National Science Foundation. That a once glorious Bell Labs...
  • A California 'Black Gold' Rush

    09/29/2009 8:52:35 AM PDT · by raptor22 · 13 replies · 1,127+ views
    Real Clear Markets ^ | September 29, 2009 | IBD staff
    Energy: An amazing number of oil finds have been made this year, including the biggest in California in 35 years. If the world is running out of oil, why do we keep finding more of it? The mantra of the anti-drilling crowd has been that oil companies like to sit on their leases and the oil in the ground, hoping to drive up the price. They should use the leases they have or lose them, these critics say. They also like to add that the world is running out of oil so it doesn't matter anyway. Occidental Petroleum hasn't been...
  • A California 'Black Gold' Rush

    09/28/2009 4:48:14 PM PDT · by Kaslin · 22 replies · 1,791+ views
    IBD Editorials ^ | September 28, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy: An amazing number of oil finds have been made this year, including the biggest in California in 35 years. If the world is running out of oil, why do we keep finding more of it? The mantra of the anti-drilling crowd has been that oil companies like to sit on their leases and the oil in the ground, hoping to drive up the price. They should use the leases they have or lose them, these critics say. They also like to add that the world is running out of oil so it doesn't matter anyway. Occidental Petroleum hasn't been...
  • Green Car Gets Government Subsidy

    09/27/2009 9:00:37 AM PDT · by John Semmens · 61 replies · 1,479+ views
    A Semi-News/Semi-Satire from AzConservative ^ | 26 September 2009 | John Semmens
    Fisker Automotive will receive a $529 million subsidy from the US government to build hybrid cars for the US market. This follows a previous subsidy award of $465 million to Tesla Motors to build electric cars. Both awards were made on the recommendation of international climate genius, former vice-president Al Gore. The models may seem a bit pricey for the average motorist with the Fisker vehicle going for an estimated $89,000 each and the Tesla for $109,000. Gore touted the subsidy as a “first step toward a completely green automotive future. While these vehicles may look expensive, they are really...
  • Cap and Trade is dead

    09/22/2009 2:01:03 PM PDT · by Bill Dupray · 21 replies · 954+ views
    Patriot Room ^ | September 22, 2009 | Bill Dupray
    Yep. We are calling the ballgame. Way too many Senate Democrats have irreconcilable concerns about the bill, and after the bête noire of this summer's townhalls, and the attendant beatings their House colleagues took over their votes for it, along with the looming midterm elections next year, the Democrats have no stomach for this fight.
  • Nukes Are OK For Iran, But Not For Us?

    06/03/2009 6:56:22 PM PDT · by WhiteCastle · 4 replies · 423+ views
    Investor's Business Daily ^ | June 4, 2009 | Editorial
    Nuclear Power: If Iran has "legitimate energy concerns" that make its nuclear plants OK, doesn't the energy-starved U.S.? Why doesn't Iran, with the second-largest proven oil reserves, just build some refineries?Normally, a nation with significant oil resources that decides to develop nuclear power would and should be praised for its prudence. Nuclear power is an emission-free domestic form of energy that is good for the environment and the economy.
  • Democrats Yank Middle Class Tax Relief from National Energy Tax Bill

    09/13/2009 3:17:52 AM PDT · by XBob · 26 replies · 1,259+ views
    Committee On Ways & Means - Republicans ^ | June 24, 2009 | Dave Camp
    Facts Are Stubborn Things Democrats Yank Middle Class Tax Relief from National Energy Tax Bill Wednesday, June 24, 2009 * In the middle of the night, Democrats yanked any energy tax relief for American families from their National Energy Tax bill (the cap-and-trade scheme under Waxman-Markey) and replaced it with a further expansion of their welfare program --- energy stamps. * This change renders the recent CBO analysis of net household cost from the Democrats’ National Energy Tax obsolete, because CBO included the benefits of the previously proposed tax relief in its analysis. * The Democrats’ National Energy Tax will...
  • EPA holds up 79 permits for Appalachian surface mines

    09/11/2009 5:05:52 PM PDT · by pissant · 21 replies · 1,295+ views
    KansasCity.com ^ | 9/11/09 | Renee Schoof
    The Environmental Protection Agency announced Friday that 79 applications for surface coal-mine permits in Kentucky, West Virginia, Ohio and Tennessee might violate the nation's Clean Water Act and require closer scrutiny. Many of the 79 applications would remove mountaintops and dump debris in valley streams. The EPA's action was an abrupt shift from the last big batch of surface mining permits that it's considered during the Obama administration. In May, the agency said it had no concerns with 42 of 48 permits, and blocked six. The latest decision is in line with the Obama administration's call in June for a...
  • America's Dim Bulbs

    09/10/2009 5:57:54 PM PDT · by Kaslin · 23 replies · 1,581+ views
    IBD Editorials ^ | September 10, 2009
    Energy Savings: Europe's ban on the incandescent light bulb began phasing in this month, and the U.S. will soon follow. Is Thomas Edison to blame for global warming? And why are we exporting green jobs?When the warm-mongers assemble in Copenhagen this December to hammer out a successor to the failed Kyoto Protocol, no doubt their work to save the earth from the carbon dioxide that gives it life will take place under the eerie light thrown off by compact fluorescent light bulbs (CFLs) mandated by the European Union to fight climate change. The bulbs are more expensive, costing up to...
  • Urge Obama to stop construction of new power plants

    09/07/2009 3:20:55 PM PDT · by pabianice · 24 replies · 1,127+ views
    Democrats.com ^ | 9/7/09 | Fertik
    Link.
  • Sen. Barbara Boxer the force behind upcoming energy bill

    09/07/2009 4:15:02 AM PDT · by kingattax · 30 replies · 880+ views
    The Press-Enterprise ^ | September 6, 2009 | BEN GOAD
    WASHINGTON - U.S. Sen. Barbara Boxer is preparing to introduce climate-change legislation that would significantly alter the course of the nation's energy policy. Passage of the bill would represent a defining moment -- both for the effort to curb global warming through pollution limits and for Boxer herself as she readies for what could be a tough 2010 re-election bid. The California Democrat and part-time Riverside County resident will attempt to shepherd the bill through a conflicted Senate by the end of the year, when world leaders are scheduled to hold climate-change talks at a United Nations summit in Copenhagen....
  • Forget 'Peak Oil' — Drill, BP, Drill

    09/03/2009 5:28:33 PM PDT · by Kaslin · 16 replies · 1,600+ views
    IBD Editorials ^ | September 3, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy Policy: Ignoring peak-oil Cassandras, BP has made another giant oil find in the Gulf of Mexico. We're not running out of oil. Our government just doesn't want us to look for it.The world is running out of oil and good riddance. That's the environmentalists' mantra. But since the first well was drilled near Titusville, Pa., 150 years ago, the prophecy has gone unfulfilled. Trouble is, those darn greedy oil companies keep finding the stuff. Oil has been produced in the Gulf of Mexico since the first well was drilled by Kerr-McGee Corp. in 1947. Some of the wells are...
  • Shifting Oil Sands

    09/01/2009 5:03:45 PM PDT · by Kaslin · 5 replies · 750+ views
    IBD Editorials ^ | September 1, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy: We balk at importing "dirty" oil from Canada, but others aren't so reluctant. Exempt as a "developing" nation from Kyoto-like agreements, China has decided to help Canada develop its energy-rich oil sands.The Financial Post reports that PetroChina International Investment Co. has struck a deal to buy a 60% interest in Athabasca Oil Sands Corp.'s McKay River and Dover projects for $1.9 billion. China has been establishing energy beachheads around the world in its quest to keep its growing economy fueled. With possible conflict brewing between Israel and Iran, Beijing recognizes the need for reliable suppliers like Canada in an...
  • Carbongate (Cont'd)

    08/27/2009 5:13:30 PM PDT · by Kaslin · 11 replies · 1,162+ views
    IBD Editorials ^ | August 27, 2009 | INVESTORS BUSINESS DAILY Staff
    Junk Science: The EPA may be considering closing the watchdog office that exposed the flimsy evidence of man-caused warming. So much for the administration's promise to "restore science to its rightful place."Recently we commented on the plight of Dr. Allen Carlin, the EPA senior research analyst at the National Center for Environmental Economics who dared to say, in essence, that emperor Al Gore and his environmental sycophants at the Environmental Protection Agency wore no clothes. The EPA had been working on an "endangerment finding" that would say carbon dioxide, rather than being the basis for all life on earth, was...
  • Cap-And-Trade Is Refinery Killer

    08/25/2009 5:59:14 PM PDT · by Kaslin · 15 replies · 1,487+ views
    IBD Editorials ^ | August 25, 2009 | INVESTORS BSINESS DAILY Staff
    Energy Policy: A new study shows that Waxman-Markey will increase prices at the pump, deepen our dependence on foreign oil and shred our ability to turn crude into gasoline. Even fuel-efficient cars will still need fuel.Oil may bubble up out of the ground, but gasoline does not. It's made in those ugly little NIMBY places called refineries we are loath to build anymore because we're too busy trying to save the Earth rather than our economy and American jobs. When Hurricane Katrina shut down 20% of our refining capacity in a single day and raised gas prices in a single...
  • White House says 'drill, baby, drill' - in Brazil

    08/22/2009 6:08:10 AM PDT · by IbJensen · 17 replies · 791+ views
    One News Now ^ | August 21, 2009 | Jim Brown
    An energy analyst says he cannot understand why the Obama administration is borrowing money to lend money to Brazil so it can conduct oil drilling off its eastern coast, yet will not support oil drilling in American waters. The Wall Street Journal reports that the Obama administration has agreed to lend $2 billion to Brazil's state-owned oil company, Petrobras, to finance oil exploration off the country's coast near Rio de Janeiro. The U.S. Export-Import Bank has issued a "preliminary commitment" of $2 billion to Petrobras, but may loan more. Earlier this month, a Brazilian official said the U.S. could provide...
  • Energy Independence and Security Act of 2007 Attacks Biodiesel

    08/21/2009 1:37:00 PM PDT · by ConservativeMind · 6 replies · 608+ views
    Biodiesel.org ^ | Aug 21, 2009 | Biodiesel.org
    It appears that the EPA, under the "RFS2 - Energy Independence and Security Act of 2007," is going to cause problems with how biodiesel will be viewed as a source of pollution, rather than as a means to reduce it. According to the National Biodiesel Board, the EPA has wrongly calculated the negative impact of biodiesel. As a result, the Board would like to enlist the help of supporters of biodiesel in a mail campaign to the EPA and, I assume, others. The points they most want to drive home are mentioned in the following letter: Honorable Lisa Jackson Administrator...
  • Should Oil and Gas Investors Fear the FRAC Act?

    08/20/2009 9:50:03 AM PDT · by Osage Orange · 18 replies · 452+ views
    The Motley Fool ^ | August 19, 2009 | Toby Shute
    Should Oil and Gas Investors Fear the FRAC Act? By Toby Shute August 19, 2009 In June, Democrats introduced the FRAC (Fracturing Responsibility and Awareness of Chemicals) Act via companion bills in the House and Senate. The FRAC Act seeks to amend the Safe Drinking Water Act so that hydraulic fracturing would be regulated on a federal level. Hydraulic fracturing is the technique that, combined with horizontal drilling, has allowed domestic E&Ps like Devon Energy (NYSE: DVN), Southwestern Energy (NYSE: SWN), and XTO Energy (NYSE: XTO) to unlock massive shale deposits like the Barnett and the Fayetteville. Big Oil's lobbyist,...
  • Obama Loans Billions to Brazilian Oil Company Partly Owned By Dem’s Biggest Contributor

    08/19/2009 5:20:43 PM PDT · by Starman417 · 36 replies · 2,147+ views
    Flopping Aces ^ | 08-19-09 | Mike's America
    And yet Dems block offshore oil production in the U.S. Two pieces of information here. Connect the dots: 1. The Obama Administration is offering billions in loans for oil drilling off the coast of Brazil. 2. George Soros, the Dems top money man has a huge financial stake in the offshore drilling company. Obama Underwrites Offshore DrillingToo bad it's not in U.S. watersWall Street Journal AUGUST 18, 2009 You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil. The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance...
  • Good news: Obama backs off-shore drilling! Update: A Soros connection?

    08/18/2009 10:20:16 PM PDT · by American Dream 246 · 7 replies · 979+ views
    Hot Air ^ | 8/19/09 | Ed Morrissey
    This should be good news for the Drill Here, Drill Now contingent, right? The Obama administration has committed $2 billion in loans to exploit offshore oil resources in hopes of extracting a major new source of petroleum. Despite the White House pursuit of a cap-and-trade scheme to limit the use of fossil fuels, the new field could help bring lower energy prices, and their support of this exploration of American resources shows their flexibility on energy policy. Wait — did I say American resources? That’s true, but only in the South American sense (via Gateway Pundit): The U.S. is going...
  • Good news: Obama backs off-shore drilling!

    08/18/2009 1:05:12 PM PDT · by Free ThinkerNY · 14 replies · 855+ views
    hotair.com ^ | August 18, 2009 | Ed Morrissey
    This should be good news for the Drill Here, Drill Now contingent, right? The Obama administration has committed $2 billion in loans to exploit offshore oil resources in hopes of extracting a major new source of petroleum. Despite the White House pursuit of a cap-and-trade scheme to limit the use of fossil fuels, the new field could help bring lower energy prices, and their support of this exploration of American resources shows their flexibility on energy policy. Wait — did I say American resources? That’s true, but only in the South American sense (via Gateway Pundit): The U.S. is going...
  • Good news : Obama backs off-shore drilling !

    08/18/2009 1:03:37 PM PDT · by RobinMasters · 5 replies · 379+ views
    Hot Air ^ | August 18, 2009 | ED MORRISSEY
    This should be good news for the Drill Here, Drill Now contingent, right? The Obama administration has committed $2 billion in loans to exploit offshore oil resources in hopes of extracting a major new source of petroleum. Despite the White House pursuit of a cap-and-trade scheme to limit the use of fossil fuels, the new field could help bring lower energy prices, and their support of this exploration of American resources shows their flexibility on energy policy. Wait — did I say American resources? That’s true, but only in the South American sense (via Gateway Pundit): The U.S. is going...
  • Capping Jobs

    08/13/2009 5:27:29 PM PDT · by Kaslin · 4 replies · 780+ views
    IBD Editorials ^ | August 13, 2009 | INVESTORS BUSINESS DAILY Staff
    Cap-And-Trade: The administration likes to defend bad policies with analogies to the post office. New studies from a business group and the administration itself confirm that cap-and-trade belongs in the dead-letter bin.Along with Energy Secretary Steven Chu, Rep. Ed Markey likens the cost of the Waxman-Markey cap-and trade bill to "about a postage stamp a day," based on estimates made by the Congressional Budget Office and the EPA. But as we and others have shown, they arrive at this magical number in part by ignoring the hit on gross domestic product and employment that will occur. As Garret Vaughan, economist...
  • Capping Economic Growth (FLASHBACK - 03/05/09)

    06/25/2009 2:27:28 PM PDT · by WhiteCastle · 5 replies · 667+ views
    IBD Editorials ^ | March 5, 2009 | Investor's Business Daily
    Fiscal Policy: President Obama sends his emissaries to Congress to explain why an economy-killing tax on energy — a tax all Americans will pay in all aspects of their lives — is necessary to save the Earth....The problem is that capping emissions based on dubious climate science will also kill hopes for a rapid economic recovery. Any good that comes from the stimulus package will be wiped out by this energy tax that will be passed on to every consumer through everything we produce and consume. Money that could be spent on creating jobs will be wasted trying to save...
  • Five Things Congress and the President Are Doing to Bring Back Sky-High Gas Prices

    08/13/2009 4:50:11 PM PDT · by newbie2008 · 3 replies · 433+ views
    asoline prices are up since the start of the year, but the summer of 2009 has thus far been a bargain at the pump compared to a year ago when prices exceeded $4 a gallon. However, the respite from sky-high prices is likely temporary. A return to $4 a gallon gas--or higher--will be made even more certain if Congress and the President succeed in enacting a host of proposals to crack down on domestic energy supplies. Instead, the federal government should support several pending pro-domestic energy measures that would help meet the nation's growing demand in the years ahead.
  • Drill Like Brazil

    01/26/2009 6:22:09 PM PST · by Kaslin · 12 replies · 1,300+ views
    IBD Editorials ^ | January 26, 2009
    Stimulus: Brazil, a leader in the use of biofuels such as ethanol and in the face of falling oil prices, still plans to spend huge sums to expand its offshore oil resources. Drilling rigs are infrastructure too.With oil prices scraping the bottom of the barrel, pun intended, there wouldn't appear to be much incentive to pursue the development of new oil resources. And in tough economic times worldwide, the necessary investment required would appear to be prohibitive. As the U.S. seeks to get its economy going by building roads, bridges and bicycle paths, Brazil has decided to create jobs and...
  • If Cuba Can Drill Off The Coast Of Florida, Why Can't We?

    08/05/2009 7:25:15 PM PDT · by Former MSM Viewer · 18 replies · 1,449+ views
    Investopedia ^ | 8-5-09 | Eric Fox
    The agreement signed last week between Cuba and a Russian oil company to explore waters in the Gulf of Mexico raises a question that seems almost like a joke - if Cuba can explore for oil and gas off the coast of Florida, how come the United States can't?
  • Will Russia Drill Off Florida's Coast?

    08/05/2009 5:13:29 PM PDT · by Kaslin · 43 replies · 2,939+ views
    IBD Editorials ^ | August 5, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy: As Russian attack submarines patrol our eastern seaboard, Moscow signs a deal to help Castro's Cuba drill for oil off the Florida coast. In Moscow and Havana, the cry is "Drill, Comrade, Drill!"Two Russian nuclear attack submarines have taken up positions along our East Coast in recent days, another sign of renewed assertiveness by the former communist giant. The move comes as Moscow inks a deal with the communist relic of Cuba to drill for oil we refuse to go after. The submarines are of the Akula class, a counterpart to the Los Angeles class attack subs of the...
  • Peak Gov't, Not Oil

    08/04/2009 5:39:27 PM PDT · by Kaslin · 5 replies · 904+ views
    IBD Editorials ^ | August 3, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy Policy: The chief economist of the International Energy Agency says the world is running out of oil. We've been told that for the last 150 years. The only thing we're running out of is the will to drill.Ever since the first oil well was drilled in Titusville, Pa., in 1859, experts have been predicting we would soon run out of oil. The latest is Dr. Fatih Birol, chief economist for the International Energy Agency in Paris, whose job it is to assess future energy supplies by OECD countries. In an interview with the Independent, Dr. Birol says that based...
  • Cash for Clunkers' Runs Out of Gas

    07/30/2009 5:07:43 PM PDT · by Pikachu_Dad · 111 replies · 4,325+ views
    Wall Street Journal ^ | July 30, 2009 | By ANDREW GROSSMAN and KATE LINEBAUGH
    'Cash for Clunkers' Program Blasts Through Funds
  • Russia to drill for oil off Cuba

    07/29/2009 8:12:30 PM PDT · by traumer · 25 replies · 1,094+ views
    Russia is to begin oil exploration in the Gulf of Mexico, after signing a deal with Cuba, says Cuban state media. Russian Deputy Prime Minister Igor Sechin signed four contracts securing exploration rights in Cuba's economic zone in the Gulf. Havana says there may be some 20bn barrels of oil of its coast but the US puts that estimate at five billion. Russia and Cuba have been working to revitalise relations, which cooled after the collapse of the Soviet Union. Russia's Zarubezhneft oil concern will work alongside the Cubapetroleo monopoly in the deep waters of the Gulf. "Every time I...
  • 72% Don’t Want Feds Changing Their Light Bulbs

    07/23/2009 3:20:01 PM PDT · by reaganaut1 · 39 replies · 763+ views
    Rasmussen Reports ^ | July 23, 2009
    Just 18% of adults think it’s the government’s job to tell Americans what kind of light bulb they use, according to a new Rasmussen Reports national telephone survey. Seventy-two percent (72%) say it’s none of the government’s business, and 10% are not sure. The federal government under an energy bill passed in 2007 is requiring consumers to dump incandescent bulbs, the ones we’ve used for well over a century, for more expensive incandescent ones. The plan is scheduled to go into effect over the next 10 years in the name of great energy efficiency. Eighty-three percent (83%) of Republicans and...
  • Hillary Clinton: US to build nuclear plants in India

    07/20/2009 4:02:55 PM PDT · by Free ThinkerNY · 100 replies · 4,260+ views
    telegraph.co.uk ^ | July 20, 2009 | Dean Nelson
    The agreement was announced after Mrs Clinton, the US secretary of state, met the Indian prime minister, Manmohan Singh, in the Indian capital. S.M. Krishna, India's external affairs minister, said India had agreed to buy US defence equipment under an arrangement which will allow Washington to monitor its "end-use" to prevent weapons technology being sold on to rogue regimes. Mrs Clinton said the agreement "will pave the way for greater defence co-operation" between the two countries. The agreement puts the United States ahead of its rivals as India prepares to spend billions on modernising its armed forces, including the purchase...
  • Obama administration proposes to raise taxes on oil & gas industry

    07/13/2009 9:58:18 AM PDT · by kcvl · 34 replies · 1,566+ views
    Abercrombie Energy
    You may already be aware that the Obama administration has proposed to raise taxes on the oil & gas industry as part of its budget proposal. You need to be aware that this would mean a significan tax increase on royalty owners as well. The Obama administration proposes to repeal percentage depletion with respect to oil and gas wells for tax years beginning after December 31, 2010. As a royalty owner you are currently allowed a deduction of 15% of the gross income from oil and gas. The repeal of that deduction would increase your federal and state taxes by...
  • Disillusioned Environmentalists Turn on Obama as Compromiser

    07/10/2009 6:47:38 PM PDT · by reaganaut1 · 6 replies · 483+ views
    New York Times ^ | July 10, 2009 | Leslie Kaufman
    ... While most environmental groups formally supported the House [climate] bill, the road to passage proved unsettling for the movement. Friends of the Earth, Greenpeace and Public Citizen opposed the bill; members of some other groups privately berated their leaders for going along with it. And some, like Ms. Miller, have shifted to open protest. Few politicians make the transition from campaign trail to White House without sacrificing a few starry-eyed supporters along the way, of course. And Mr. Obama’s early record on environmental issues suggests that he is more aggressive than any of his predecessors in supporting causes like...
  • GAO: Electric Cars Won't Reduce Carbon Emissions

    07/10/2009 11:38:59 AM PDT · by WhiteCastle · 49 replies · 1,884+ views
    HotAir.com ^ | July 10, 2009
    The push for conversion to plug-in electric cars will do nothing to stop carbon emissions, a report by the GAO warns, throwing cold water on a push by Democrats to get more plug-ins on the road. In fact, the problem could be made worse as demand goes up at coal-fired electrical plants. Plus, the need for batteries may just have the US changing the dictators to which we’re chained, as IBD reports...