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Keyword: carbontax

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  • China cites Australia in carbon market baulk [considers environment tax - easier]

    03/15/2014 11:58:06 PM PDT · by Cincinatus' Wife · 10 replies
    Business Spectator ^ | March 13, 2014
    .................Premier Li Keqiang last week declared war on pollution, which is expected to speed up the process of turning China's limited environmental levy into a full-blown tax targeting the nation's major polluters. But the all-out efforts to combat China's disastrous pollution levels might get in the way of plans to tax carbon dioxide emissions in a bid to stunt the rapid growth of greenhouse gas emissions, Zhu Guangyao, the vice environment minister, said...... A carbon tax is increasingly controversial among lawmakers, said Zhu, adding that an environment tax would be easier to push through without carbon in the mix. The...
  • Climate Scientist: Liberals Will Use Carbon Tax to Make Government Bigger

    03/13/2014 6:36:08 PM PDT · by Olog-hai · 39 replies
    Cybercast News Service ^ | March 13, 2014 - 1:16 PM | Melanie Hunter
    At a hearing Thursday on the Keystone oil pipeline, James Hansen, former director of NASA’s Goddard Institute for Space Studies, testified before Congress that 100 percent of the proceeds from a proposed carbon tax should go to the public, because liberals will try to use part of it to “make the government bigger.” “An important point is that such legislation I think needs to be introduced by conservatives, because I’m afraid liberals will try to take part of the money to make the government bigger. Not one dime should go to the government. 100 percent should go to the public,”...
  • Question to Obama: Will a Carbon Tax Stop the Next Big Freeze?

    01/07/2014 5:54:31 PM PST · by LD Jackson · 4 replies
    Political Realities ^ | 01/07/14 | Mike Miller
    The Dems have told the big lie on climate change so many times they actually believe the lie. Period! Last November, Obama signed an Executive Order in which he declared: "The impacts of climate change -- including an increase in prolonged periods of excessively high temperatures, more heavy downpours, an increase in wildfires, more severe droughts, permafrost thawing, ocean acidification, and sea-level rise -- are already affecting communities, natural resources, ecosystems, economies, and public health across the Nation. Just one problem, none of that is true. 2013 was the year which saw the fewest days with temps of 100 degrees...
  • A Carbon Tax on Everything -- Really, Robert?

    11/19/2013 5:21:40 AM PST · by SeekAndFind · 12 replies
    American Thinker ^ | 11/19/2013 | J. Robert Smith
    Is there such a thing as "global warming pragmatism?" Robert J. Samuelson, who writes on economics for the Washington Post, thinks so -- and he's just flat wrong. Samuelson seeks to bridge differences over a polarized and contentious issue: "man-made" global warming. Problem is, Samuelson's bridge is plenty of girders, cables, concrete, and asphalt short of making it to the other shore. Samuelson is much taken with the work of an MIT economist, Robert Pindyck. Pindyck, according to Samuelson is a difference-splitter. Can't say that global warming is overstated, but can't say it's understated. When in doubt, tax -- carbon...
  • IPCC 's Bogus Evidence for Global Warming

    11/13/2013 5:38:53 PM PST · by neverdem · 9 replies
    American Thinker ^ | November 12, 2013 | S. Fred Singer
    The United Nations Intergovernmental Panel on Climate Change (IPCC) was set up by the United Nations in 1988 and has been trying very hard to demonstrate the threat of a dangerous human influence on climate due to the emission of greenhouse gases. This is in line with their Charter, which directs the IPCC to assemble reports in support of the Global Climate Treaty -- the 1992 Framework Convention on Climate Change (FCCC) of Rio de Janeiro. It is interesting that IPCC "evidence" was based on peer-reviewed publications - but (reluctantly) abandoned only after protracted critiques from outside scientists. E-mails among...
  • EPA Stealthily Propels Toward ‘Massive Power Grab of Private Property Across the U.S.’

    11/13/2013 12:02:00 PM PST · by rktman · 43 replies
    PJMedia ^ | 11/12/2013 | Bridget Johnson
    While the country is immersed in Obamacare headlines and a congressional tussle over delays and mandates, the Obama administration is stealthily moving toward unprecedented control over private property under a massive expansion of the Environmental Protection Agency’s Clean Water Act authority. The proposed rule, obtained by the House Science, Space, and Technology Committee in advance of EPA Administrator Gina McCarthy’s testimony at a Thursday oversight hearing, widely broadens the definition of waterways over which the federal government has jurisdiction to as little as a water ditch in a backyard. The Clean Water Act redefinition of “waters of the United States”...
  • (Exempt) Landrieu Lobbies Hard for Keystone XL

    11/13/2013 2:21:45 AM PST · by Libloather · 7 replies
    National Journal ^ | 11/12/13 | Clare Foran
    Sen. Mary Landrieu, D-La., said Tuesday that she would continue to put pressure on the administration to speed up its review of the Keystone XL pipeline. "I intend to see if we can push forward the approval of the Keystone pipeline," Landrieu told reporters after a meeting the senator held with Premier Alison Redford of Alberta, Canada, to discuss a way forward on the pipeline, which, if built, would bring crude from Alberta's oil sands to Gulf Coast refineries. "The ball is in our court and I hope the United States will make a decision," Landrieu said. "So I'm going...
  • America's Best Weapon Against Iran Is France

    11/13/2013 9:15:39 AM PST · by Kaslin · 8 replies ^ | November 13, 2013 | Rachel Marsden
    The Geneva talks on Iranian nukes have turned into a "pull my finger" charade. Iran says that it's only making electricity, not nuclear bombs. The U.S., Britain, France, Russia, China and Germany are somehow all supposed to agree on reeling Iran in -- but let's face it: Russia and China are close Iranian allies and trading partners, while even Germany and France have significant geopolitical ties to Russia through, for example, the European defense conglomerate EADS and the Nord Stream pipeline running Russian gas into Europe. And Russian President Vladimir Putin's spokesman reportedly bragged to Russian journalists at the...
  • AU: “No” to UN wish list of billions – will “not support socialism masquerading as environmentalism”

    11/12/2013 8:54:48 PM PST · by Ernest_at_the_Beach · 21 replies
    JONOVA ^ | JOanne
    The UN wants $100 billion from wealthier countries (about $2.4 billion from Australians or $100 a person). The Australian government has produced a position statement for the Warsaw UNFCCC conference. It is unusually brutal. I don’t think I remember seeing the phrase about socialism “masquerading as environmentalism” in an official statement before. (I’m sure readers will correct me). It’s good to see some recognition that the science has become less clear, and that it may become more so. Essentially, the new Australian government ‘s message to the UN is: we are reducing CO2, but we’re not giving you a...
  • 600,000 bats killed at wind energy facilities in 2012, study says

    11/08/2013 5:09:16 PM PST · by Oldeconomybuyer · 68 replies
    Los Angeles Times ^ | November 8, 2013 | by Monte Moron
    Over 600,000 bats were killed by wind energy turbines across the United States last year, with the highest concentration of kills in the Appalachian Mountains, according to new research. "Dead bats are being found underneath wind turbines across North America," Hayes wrote. "This estimate of bat fatalities is probably conservative."
  • Is Solving the OPEC Threat Our Nation's Longest Unfulfilled National Priority?

    11/08/2013 10:32:19 AM PST · by thackney · 10 replies
    Forbes ^ | 11/07/2013 | T. Boone Pickens
    Forty years ago this month, in 1973, we were in the midst of the Arab Oil Embargo. At that time, President Richard Nixon issued a Kennedy-esque challenge to America. He said, “Let us set as our national goal, in the spirit of Apollo, with the determination of the Manhattan Project, that by the end of this decade we will have developed the potential to meet our own energy needs without depending on any foreign energy sources.” If Apollo and the Manhattan project had not gone as well, we would still be peering at the moon wondering what the surface was...
  • Obama Advocates Higher Unemployment for Lower-Skilled Workers

    11/07/2013 1:56:15 PM PST · by Kaslin · 10 replies ^ | November 7, 2013 | Daniel J. Mitchell
    Perhaps because he wants to divert attention from the slow-motion train wreck of Obamacare, the President is signalling that he will renew his efforts to throw more people into the unemployment line. Needless to say, that’s not how the White House would describe the President’s proposal to increase the minimum wage, but that’s one of the main results when the government criminalizes certain employment contracts between consenting adults. To be blunt, if a worker happens to have poor work skills, a less-than-impressive employment record, or some other indicator of low productivity that makes them worth, say, $7.50 per hour, then...
  • Al Gore: Keystone an ‘atrocity’

    10/24/2013 9:14:05 PM PDT · by Tailgunner Joe · 27 replies ^ | October 24, 2013 | ANDREW RESTUCCIA
    A fiery Al Gore urged President Barack Obama on Thursday to reject the Keystone XL oil pipeline, calling the controversial project an “atrocity.” “This should be vetoed. It is an atrocity. It is a threat to our future,” the former vice president said during a Center for American Progress 10th anniversary event in Washington. Gore criticized the Canadian oil sands that the pipeline would carry, arguing that approval of the project would be akin to a desperate drug addict looking for fresh veins. “Junkies find veins in their toes when the ones in their arms and legs give out,” said...
  • Divestment is Losing the Battle, Winning the War (Harvard Prez says No to Fossil Boycott)

    11/03/2013 4:40:45 PM PST · by Titus-Maximus · 13 replies
    Harvard Politics ^ | 10/12/2013 | Colin Diersin
    Last Wednesday, Harvard’s local chapter of the national divestment campaign received a sharp and public rejection from university president Drew Faust, who released a public statement that she will not support reinvesting Harvard’s endowment portfolio away from fossil fuels. The letter has been billed as a massive disappointment for divesters, whose path to reshaping how Harvard invests its massive endowment is rapidly narrowing. This narrative entirely misses the point of divestment. Divesters might have lost an important battle, but they’re winning the much more important war. If you speak to those involved in divestment campaigns at Harvard or abroad, you...
  • Blood And Gore: Making A Killing On Anti-Carbon Investment Hype (hucksters pimp the hoax)

    11/03/2013 3:07:53 PM PST · by Libloather · 10 replies
    Chicago Tribune ^ | 11/03/13 | Larry Bell
  • 5 Unexpected Benefits for America From the Natural Gas Boom

    11/03/2013 7:50:12 AM PST · by ckilmer · 7 replies
    fool ^ | November 2, 2013 | Tyler Crowe
    5 Unexpected Benefits for America From the Natural Gas Boom By Tyler Crowe November 2, 2013 |Guess what, America? Natural gas is cheap and abundant. The ability to access shale gas through new extraction techniques has opened up reserves we didn't think possible, and proven reserves of gas are 60% higher than what they were a decade ago and growing by the day. This has also led to natural gas prices that have seen historical lows. When adjusted for inflation, today's gas prices are where they were in the 1990s.The most obvious result many of us think about when we...
  • Audacious wildcatters trigger fracking revolution

    11/03/2013 1:00:21 PM PST · by Signalman · 6 replies
    Wash. Examiner ^ | 11/1/2013 | Michael Barone
    Capitalism, said economist Joseph Schumpeter seven decades ago, is a process of creative destruction. New inventions, new processes, new methods of organization lead to the creation of new profitable and efficient businesses and to the destruction of old ones unable to compete. There are few accounts of the creative side of Schumpeter’s phrase more vivid than Fracking: The Outrageous Inside Story of the New Billionaire Wildcatters, a new book by Wall Street Journal writer Gregory Zuckerman. For years politicians, policy experts and corporate executives have tried to reshape American energy policy and development. They have operated on a series of...
  • The Socialist's Tax-Everything Plan Blows Sky High With Riots

    11/01/2013 12:23:43 PM PDT · by Kaslin · 24 replies ^ | November 1, 2013 | Mike Shedlock
    President Francois Hollande wants to balance the French deficit by taxing the rich, taxing the poor, taxing trucks, raising the VAT, and increasing the tax on corporations. That policy blew sky high this week in a storm of riots by Brittany farmers. Please consider French Gov't Backs down on Truck Tax After Riots French Prime Minister Jean-Marc Ayrault on Tuesday indefinitely suspended the introduction of a green tax on trucks following riots at the weekend in the Brittany region. The move comes three days after a protest by hundreds of food producers, artisans and distributors in the western Brittany region...
  • When will the Shale Bubble Burst?

    11/01/2013 7:03:46 AM PDT · by thackney · 48 replies ^ | 31 October 2013 | Tom Whipple
    Most of us are aware by now that the introduction of widespread hydraulic fracturing into the oil and gas business has resulted in a rapid growth in U.S. production. U.S. crude output is up by nearly 2.5 million barrels a day (b/d) since mid-2007 and natural gas production is up by 25 percent. The key question of course is how long production will continue to grow before it inevitably declines. Optimists maintain that we have just scratched the surface of our shale oil reserves and that production will continue increasing for years, if not decades. Realists are not so sure,...
  • Global Warming of the Third Kind: Beans, Linking Verbs, & Birth Control!

    10/28/2013 2:05:39 PM PDT · by xuberalles · 3 replies
    Self | 10/28/13 | Self
    Define irony? Pseudo-scientist, carbon bean counter and pay-per-view psychic Al Gore pockets millions of dollars touring the globe and capitalizing on the fear, paranoia and misfortune of natural disaster victims. According to our imaginary Climate guru – that’s called schizophrenia in psychotic circles – any meteorological, physiological, sociological, and/or economic event is caused by Global Warming: blizzards, droughts, floods, tornadoes, hurricanes, school shootings, racism, cancer, poverty and Miley Cyrus. In other words, Al Gore single-handedly unearthed a unified field theorem – i.e., Global Warming of the Third Kind – that inexplicably yet irrefutably explains everything and anything occurring within our...
  • 1 Real Threat That Could Kill America's Oil Boom

    10/27/2013 3:13:00 PM PDT · by ckilmer · 27 replies ^ | October 27, 2013 | Tyler Crowe
    1 Real Threat That Could Kill America's Oil Boom By Tyler Crowe | More Articles October 27, 2013 | Comments (3) The one thing you see in the energy section of any news publication is the price of oil. Most of the time, it will give some doom-and-gloom reason that has little to do with the price of oil, or it will be some analysts making claims that oil will be double what it is today, or that it will drop 20%-30%. The most fascinating part of these prognostications is that they rarely give any real reason. A great example...
  • Thanks to Fracking USA Rises to Number One in Energy; Thanks to Obama, We Won't Stay There

    10/27/2013 7:42:26 AM PDT · by SeekAndFind · 7 replies
    Townhall ^ | 10/6/2013 | Marita Noon
    On the very same day that the Wall Street Journal (WSJ) announces: “US Rises to No. 1 Energy Producer”—thanks to the shale boom made possible through a technology known as hydraulic fracturing—an environmental group released a report calling for a complete ban of the practice, which would effectively shut down the oil-and-gas industry (and all of the jobs and revenues it creates) and increase dependence on foreign oil. Coincidence? I don’t think so. You probably haven’t heard about either, as most news coverage, on October 3, centered on the government shutdown—eclipsing all else. Why would Environment America choose to release...
  • The Niobrara Shale Play – the Next Bakken?

    10/26/2013 9:32:28 PM PDT · by ckilmer · 14 replies ^ | February 1, 2013
    The Niobrara Shale Play – the Next Bakken? [ 0 ] February 1, 2013 The Niobrara shale formation extends across northeastern Colorado, northwestern Kansas, southwestern Nebraska and southeastern Wyoming.  The play ranges in thickness from 275-400 feet deep, with three primary carbonate-rich benches that average 10-25 feet thick with 5-10% porosity. Within the Niobrara, oil and natural gas are found at 3,000-14,000 feet beneath the earth’s surface.  O&G producers tap these resources through both vertical and horizontal wells typically drilled at 7,000-8,000 feet with variable geopressures. To date, most of the Niobrara’s O&G development focuses on the Denver-Julesburg Basin (“DJ...
  • Energy Pipeline: Banking on a future in the Wattenberg and beyond

    10/26/2013 9:08:42 PM PDT · by ckilmer · 2 replies ^ | September 1, 2013 | Sharon Dunn
    SmallerLarger Share on email Share on print More Sharing Services Expand Photo A cloud formation fills the sky as an oil pump is silhouetted in front of it near the town of Hereford on the northeastern plains of Weld County. Drilling operations throughout northern Colorado are suspected to only have tapped into a fraction of the oil and natural gas in the region. Tribune file photo | A cloud formation fills the sky as an oil pump is silhouetted in front of it near the town of Hereford on the northeastern plains of Weld County. Drilling operations throughout northern Colorado...
  • US shale revolution still 'in early innings' as boom continues: Credit Suisse

    10/26/2013 8:48:16 PM PDT · by ckilmer · 7 replies ^ | 1Oct2013/302
    After a decade or more of shale development in the US, the country remains "in the early innings" of that growth with tens of billions more dollars expected for infrastructure and development, according to an analysis by investment bank Credit Suisse unveiled Tuesday. Overall, strong drilling activity and continued technological progress should lead to "significant oil production growth still to come in the key regions such as the Permian [Basin] ... as well as the Eagle Ford, Bakken and Niobrara (Wattenberg)" shales, the report, "The Shale Revolution II," said, referring to the West Texas, South Texas, North Dakota/Montana and Colorado...
  • How the U.S. Shale Boom Is Splitting OPEC Apart

    For decades, OPEC nations have, for the most part, enjoyed a good living. As long as oil prices remain high, they can recover billions of barrels of oil at relatively low cost and sell it to the rest of the oil-thirsty world. But the North American shale oil boom is shaking things up for the cartel. In fact, the surge in U.S. and Canadian oil production resulting from the application of new drilling technologies threatens to reduce OPEC's share of the global oil market this year to its lowest level in more than a decade. Does that imply gloom and...
  • Aussie PM: carbon tax is ‘socialism’

    10/25/2013 8:33:01 PM PDT · by rktman · 9 replies
    Daily Caller ^ | 10/25/2013 | Michael Bastasch
    Australia’s newly elected prime minister pulled no punches when giving his thoughts on the country’s carbon tax, which he says must be abolished as quickly as possible. “The carbon tax is bad for the economy and it doesn’t do any good for the environment,” Abbott told The Washington Post. “Despite a carbon tax of $37 a ton by 2020, Australia’s domestic emissions were going up, not down. The carbon tax was basically socialism masquerading as environmentalism, and that’s why it’s going to get abolished.”
  • China's Back-Door Natural Gas Supply

    10/26/2013 8:35:46 AM PDT · by DeaconBenjamin · 9 replies ^ | Thu, 24 October 2013 14:07 | By Dave Forest
    One of the most critical changes in global energy flows happened this week. China inaugurated a 2,500 kilometre pipe to carry natural gas and oil from the Indian Ocean across Myanmar in southeast Asia and into southwest Yunnan province. The gas portion of the line became fully operational this week. The line is expected to carry over 1 billion cubic feet of gas per day into China. The twin oil line is expected to follow. This massive development has several key implications for the global energy balance. Myanmar's significant offshore natural gas reserves (and growing production) now have a "go-to"...
  • Myanmar-to-China gas pipeline fully open

    10/20/2013 9:12:38 PM PDT · by TexGrill
    ChannelNewsAsia ^ | 10/21/2013 | AFP
    A pipeline pumping natural gas from Myanmar to energy-hungry China has gone fully operational, state-run Chinese media said on Monday. BEIJING: A pipeline pumping natural gas from Myanmar to energy-hungry China has gone fully operational, state-run Chinese media said on Monday. The project, stretching more than 2,500 kilometres from western Myanmar to southwest China, will help the world's second-largest economy feed its growing energy needs. It comes as close political ties between the two nations have weakened, after Myanmar's quasi-civilian regime took office in 2011 and brought in sweeping reforms that have led to the scrapping of most Western sanctions....
  • Lawmakers seek truce with farm bill [but will conservatives make trouble?]

    10/20/2013 4:53:38 AM PDT · by Cincinatus' Wife · 15 replies
    The Hill ^ | October 19, 2013 | Erik Wasson
    The $1 trillion farm bill will serve as the first test of how deeply the shutdown fight has damaged relations in Washington. Congress has made the legislation its first order of business as it pivots away from the battles over government funding and the debt ceiling. The leaders of the agriculture committees in Congress and K Street lobbyists are eager to put the finishing touches on the bill, which could get wrapped into a year-end budget deal that replaces automatic sequestration cuts. But some fear Speaker John Boehner (R-Ohio), who has vowed to complete the legislation, might be too wounded...
  • Study: Global warming could yield $11.6 trillion in increased crop production

    10/19/2013 9:35:41 AM PDT · by rktman · 22 replies
    Daily Caller ^ | 10/19/2013 | Unknown
    Could global warming be a boon to farmers? A recent study found that rising carbon dioxide concentrations bestow an additional $11.6 trillion in benefits from crop production between now and 2050. The Center for the Study of Carbon Dioxide and Global Change found that while many studies focus on the costs of rising carbon emissions, few studies focused on whether or not more carbon in the atmosphere could be beneficial to society. In fact, the Obama administration recently raised its social-cost-of-carbon estimate from $21 per metric ton to $35 per metric ton to the ire of global warming skeptics and...
  • Obama, the Environmental Charlatan

    10/18/2013 6:52:10 AM PDT · by rktman · 3 replies
    American Thinker ^ | 10/18/2013 | Jeffery Folks
    The president is committed to the idea of anthropogenic global warming. Man-made carbon emissions, he believes (or pretends to believe), cause global temperatures to rise, and this temperature increase is destructive. By reducing man-made carbon emissions, temperatures can be made to fall. Every part of this logic is flawed, if not utterly false. Do carbon emissions cause global warming? The Intergovernmental Panel on Climate Change is largely composed of climate researchers with what would seem a strong vested interest in promoting the global warming agenda. Yet even the IPCC has a 5% doubt that human activities affect the climate.
  • Playboy: Sen.[Bernie] Sanders: Global warming ‘far more serious problem than Al Qaeda’

    10/18/2013 7:56:24 AM PDT · by Cincinatus' Wife · 69 replies
    The Hill ^ | October 18, 2013 | Ben Geman
    Sen. Bernie Sanders (I-Vt.) says global warming poses "a far more serious problem than al Qaeda" and accuses energy companies of being willing to "destroy the planet" for profits. In an interview with Playboy magazine, Sanders targets coal and oil companies who he says have outsized influence over lawmakers on Capitol Hill. “Big business is willing to destroy the planet for short-term profits,” Sanders said. “And because of their power over the political process, you hear a deafening silence in the U.S. Congress and in other bodies around the world about the severity of the problem. Global warming is a...
  • Saudi Arabia, angered over Mideast, declines Security Council seat

    10/18/2013 6:07:33 AM PDT · by Dave346 · 40 replies
    Reuters ^ | Fri Oct 18, 2013 6:58am EDT | Angus McDowall
    Saudi Arabia, in an unprecedented show of anger at the failure of the international community to end the war in Syria and act on other Middle East issues, said on Friday it would not take up its seat on the United Nations Security Council. The kingdom condemned what it called international double standards on the Middle East and demanded reforms in the Security Council. Riyadh's frustration is mostly directed at Washington, its oldest international ally, which has pursued policies since the Arab Spring that Saudi rulers have bitterly opposed and which have severely damaged relations with the United States, Saudi...
  • Forty Years of OPEC Manipulation

    10/16/2013 8:58:11 AM PDT · by Kaslin · 8 replies ^ | October 16, 2013 | Ken Blackwell
    Four decades ago this month, members of the Organization of the Petroleum Exporting Countries (OPEC) launched an oil embargo against the United States in retaliation for our steadfast support of Israel in her hour of need. As the Jewish State fought off the Soviet-backed Egyptian and Syrian armies in what would become known as the Yom Kippur War, the OPEC cartel’s actions sent the price of oil soaring and our economy into a recession. Sadly, 40 years later, we have not learned the appropriate lesson from that experience: We must disconnect our oil-dependent transportation sector from OPEC and the...
  • Asia wants a piece of U.S. shale gas boom ...

    10/15/2013 8:25:12 PM PDT · by TexGrill · 1 replies
    Washington Post ^ | 10/15/2013 | Chico Harlan
    DAEGU, South Korea — Asia’s large-scale gas importers, long saddled with premium prices, say a cheaper alternative lies several thousand feet below North American soil, where companies are unlocking enormous gas reserves from shale rock. The shale boom has already revolutionized the gas market in the United States and Canada, giving both countries not only a reliable domestic supply but also the ability to sell overseas. Asian utility and gas company executives, speaking this week at a global energy forum here, have said that North America’s gas wealth could prove nearly as transformative across the world, leading to the first...
  • Coal said to fuel most of world by ’20

    10/14/2013 11:51:37 PM PDT · by TexGrill · 15 replies
    JoongAng Daily ^ | 10/15/2013 | JoongAng Daily
    Coal, propelled by rising use in China and India, will surpass oil as the key fuel for the global economy by 2020 despite government efforts to reduce carbon emissions, energy consultancy firm Wood Mackenzie said on Monday. Global coal consumption is expected to rise by 25 percent by the end of the decade to 4,500 million tons of oil equivalent, overtaking oil at 4,400 million tons, according to Woodmac in a presentation at the World Energy Congress. The two Asian powerhouses will need the comparatively cheaper fuel to power their economies, while demand in the United States, Europe and the...
  • U.S. surges past Saudis to become world's top oil supplier -PIRA

    10/15/2013 6:16:21 PM PDT · by markomalley · 21 replies
    Reuters ^ | 10/15/2013
    The United States has overtaken Saudi Arabia to become the world's biggest oil producer as the jump in output from shale plays has led to the second biggest oil boom in history, according to leading U.S. energy consultancy PIRA. U.S. output, which includes natural gas liquids and biofuels, has swelled 3.2 million barrels per day (bpd) since 2009, the fastest expansion in production over a four-year period since a surge in Saudi Arabia's output from 1970-1974, PIRA said in a release on Tuesday. It was the latest milestone for the U.S. oil sector caused by the shale revolution, which has...
  • Nobel Wants To Pipe Gas For Domestic Use (Cyprus,Israel)

    10/11/2013 6:16:30 AM PDT · by haffast · 3 replies
    Cyprus Gas News ^ | 11 October 2013 | Elias Hazou
    NOBLE Energy, operators of the Block 12 offshore licence, has reportedly renewed a proposal for piping gas from the Aphrodite well for the purpose of domestic electricity generation. Daily Politis writes that the Houston-based energy company has quoted a delivery price of $9 or $10 per million btus (mmbtu). That’s significantly lower than the price offered by Itera during the ‘interim gas’ tender procedure. Itera’s offer is understood to have been around $15.5 per mmbtu. Politis said the cost of electricity generation – and thus the price of electricity to end-consumers – could on paper drop by 15 to 20...
  • California's struggling 'hydrogen highway' plan gets new life -- and drivers will pay

    10/12/2013 5:29:56 PM PDT · by Oldeconomybuyer · 38 replies
    San Jose Mercury News ^ | October 12, 2013 | By Paul Rogers
    In what may be California's last chance to build a "hydrogen highway," lined with thousands of high-tech vehicles emitting nothing but water vapor from their tailpipes, Gov. Jerry Brown has approved a plan to construct 100 hydrogen fueling stations across the state by 2024. Only a year ago, the California Air Resources Board required Big Oil to pay for the new stations. But after oil companies threatened to sue, Brown agreed to a compromise in which the costs of building hydrogen stations will be shifted to car owners through existing vehicle registration fees.
  • Breaking News!!! Venezuela detains US commercial ship in Guyanan Waters

    10/12/2013 4:31:02 PM PDT · by lowbridge · 56 replies ^ | october 11, 2013 | Steven H Ahle
    A United States Commercial vessel was seized by Venezuela as it was doing seismic testing in Guyanan waters for Anadarko Petroleum Corp, when a Venezuelan ship detained it and is now escorting it to Margarita Island in Venezuela. For decades Gyana and Venezuela have disputed the borders, but this is the first incident to come out of it. "It was then clear that the vessel and its crew were not only being escorted out of Guyana's waters, but were under arrest," the ministry said. "These actions by the Venezuelan naval vessel are unprecedented in Guyana Venezuela relations."
  • 'OPEC obsolete' if Keystone pipeline OK'd: Pickens

    10/10/2013 5:53:26 AM PDT · by thackney · 57 replies
    CNBC ^ | | Matthew J. Belvedere
    The proposed Keystone XL oil pipeline from Canada to the U.S. would make "OPEC obsolete," billionaire energy entrepreneur T. Boone Pickens told CNBC on Wednesday. "Canadians say they have 250 billion barrels [of oil]. That's exactly what the Saudis claim they have," he said in a "Squawk Box" interview. "You're sitting there with the same amount of oil available to the United States from Canada … as Saudi Arabia." "But when you move the oil through the Strait of Hormuz everyday, it's 17 million barrels," Pickens said. "The Navy is shepherding a cartel daily through the Strait of Hormuz. And...
  • What Are The Ramifications of the U.S. Newly Emergent Status As World's Largest Oil,Gas Producer?

    10/06/2013 3:34:32 AM PDT · by lbryce · 38 replies
    Free Republic:October 6, 2013-U.S. Expected To Be Largest Producer of Petroleum and Natural Gas Hydrocarbons in 2013What are the ramifications of America's newly emergent status as the world's largest producer of petroleum and natural gas hydrocarbons in 2013?The conventional wisdom of America's preeminent status as global superpower being on the wane is a consensus difficult to deny even if one were to take the current wholly corrupt, dysfunctional, inept leadership out of the equation. It may very well be that the US economy has been irrevocably diminished, the reality of which would certainly take a toll on America's influence and...
  • 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...
  • U.S. expected to be largest producer of petroleum and natural gas hydrocarbons in 2013

    10/06/2013 12:51:25 AM PDT · by 2ndDivisionVet · 64 replies
    US Department of Energy ^ | October 4, 2013 | Hannah Breul and Linda Doman
    Source: U.S. Energy Information Administration Note: Petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids, including biofuels. Barrels per day oil equivalent were calculated using a conversion factor of 1 barrel oil equivalent = 5.55 million British thermal units (Btu). The U.S. Energy Information Administration estimates that the United States will be the world's top producer of petroleum and natural gas hydrocarbons in 2013, surpassing Russia and Saudi Arabia. For the United States and Russia, total petroleum and natural gas hydrocarbon production, in energy content terms, is almost evenly split between petroleum and natural...
  • EU launches antitrust case against Gazprom

    10/05/2013 11:31:13 PM PDT · by Olog-hai · 9 replies
    EU Observer ^ | 10/04/2013 @ 08:18 | Benjamin Fox
    The EU has started legal action against Russian energy giant Gazprom, the bloc’s competition chief said on Thursday (3 October). … The anti-Gazprom claims say it is abusing its dominant market position to demand extortionate prices for gas and preventing countries from diversifying their energy supply. Lithuania says it pays 35 percent more than Germany for gas under its contract with Gazprom. …
  • Commentary: Study sheds light on truth of methane and drilling

    10/03/2013 9:18:55 AM PDT · by thackney · 5 replies
    Fuel Fix ^ | October 3, 2013 | Michael Economides
    The question of whether natural gas is a ‘clean’ fuel is hotly debated amongst food columnists and the current U.S. Secretary of Energy alike. The debate has been fueled by scientific uncertainty; measuring methane emissions has been difficult because data is hard to obtain. But a new study released last week by the University of Texas (UT) and the Environmental Defense Fund (EDF), addresses this challenge head-on. In the most comprehensive shale gas emission study ever undertaken, the researchers found that extracting gas from shale is being done in a sustainable, environmentally friendly fashion. The study found that 99 percent...
  • U.S. Is Poised to Overtake Russia as Largest Oil-and-Gas Producer

    10/02/2013 2:12:31 PM PDT · by Sub-Driver · 22 replies
    U.S. Is Poised to Overtake Russia as Largest Oil-and-Gas Producer By RUSSELL GOLD and DANIEL GILBERT CONNECT The U.S. is poised to overtake Russia as the world's single largest producer of oil and natural gas combined this year, a startling shift that is reshaping energy markets and eroding the clout of traditional petroleum-rich nations. Shale-rock formations of oil and natural gas have fueled a comeback for the U.S. that was unimaginable a decade ago. Russia meanwhile has struggled to maintain its energy output and has yet to embrace the technologies such as hydraulic fracturing that have boosted U.S. reserves. The...
  • Government Shutdown to Delay EPA $1 Gallon Gas Price Hike

    10/01/2013 10:47:49 PM PDT · by RC one · 17 replies
    FrontPage ^ | October 1, 2013 | Daniel Greenfield
    As the death toll for Government Shutdown Apocalypse 2013 continues to grow, it appears that the EPA’s plans to make it even more expensive for Americans to drive a car were “shut down” by the government shutdown.Just think of how much less the EPA will be able to do with only 7 percent of its employees. That EPA SWAT Team may have to sit out the week. Someone else will have to send $700,000 to Thailand’s pig farmers. And someone else will have to hike fuel prices.
  • EPA official who faked CIA ties takes the Fifth

    10/01/2013 1:24:53 PM PDT · by Nachum · 22 replies
    Politico ^ | 10/1/13 | Erica Martinson
    The former senior EPA adviser who stole $900,000 from taxpayers while posing as a CIA agent pleaded the Fifth on Tuesday morning — shortly before House members expressed outrage upon learning that he’s still due to get his government pension. John C. Beale invoked his right not to incriminate himself when facing questioning from the House Oversight and Government Reform Committee, just four days after he pleaded guilty to charges that could bring him three years in prison.“Mr. Beale, do you have a statement?” panel Chairman Darrell Issa (R-Calif.) asked during the hearing. “Thank you, Mr. Chairman. No I do...