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Keyword: domesticoil

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  • Scarce Oil? U.S. Has 60 Times More Than Obama Claims

    03/14/2012 12:51:06 PM PDT · by IBD editorial writer · 55 replies
    Investor's Business Daily ^ | 03/14/2012 | John Merline
    When he was running for the Oval Office four years ago amid $4-a-gallon gasoline prices, then-Sen. Barack Obama dismissed the idea of expanded oil production as a way to relieve the pain at the pump. "Even if you opened up every square inch of our land and our coasts to drilling," he said. "America still has only 3% of the world's oil reserves." Which meant, he said, that the U.S. couldn't affect global oil prices....But the figure Obama uses — proved oil reserves — vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the...
  • American Energy & Infrastructure Jobs Act

    11/17/2011 5:29:16 PM PST · by BOBWADE · 11 replies
    Email/Press release ^ | 11/17/2011 | John Boehner
    Congressman Boehner, GOP Committee Leaders Highlight American Energy Production & Infrastructure Jobs Bill Nov 17, 2011 Washington- At a press conference today, Congressman John Boehner (R-West Chester), Transportation & Infrastructure Committee Chairman John Mica (R-FL), Natural Resources Committee Chairman Doc Hastings (R-WA), Rep. Steve Stivers (R-OH) and Rep. Tim Murphy (R-PA) announced that House Republicans will soon unveil legislation – the American Jobs & Infrastructure Act – linking expanded American energy production to high-priority infrastructure projects. This bill is another part of the Republican Plan for America’s Job Creators, and will support long-term job creation by removing government barriers to...
  • Obama’s Oil Drilling Subterfuge

    05/16/2011 8:46:17 AM PDT · by Qbert · 24 replies
    Redstate ^ | 5/16/2011 | Daniel Horowitz
    Many liberals in the media are expressing shock over Obama’s apparent willingness to increase oil production.  We all know that he is full of …, I mean ethanol, and they do too. Those of you who were befuddled at the news that Obama will ‘expand drilling’ in Alaska are not missing anything.  Obama has pulled this political chicanery a number of times.  Whenever a specific proposal that he so adamantly opposes becomes too popular to ignore, he announces his support for it by promising to implement inconsequential reforms.  To that end, he declared during his Saturday radio address that he...
  • Gas Prices Predicted To Be Up 40 Percent This Summer Compared To Last Year

    04/13/2011 6:16:14 AM PDT · by Red in Blue PA · 99 replies
    WASHINGTON - Gas prices are going up. And up. And up. And now, the Energy Department predicts the cost of gasoline this summer will be 40 percent more than last year. In the District of Columbia, the average price of regular unleaded jumped four cents a gallon between Monday and Tuesday. "I think it's all kind of a farce," says driver Kathryn Abate. "Because the oil prices have gone up a little, but not really to the extent that gas prices have. So it's just like a 'predicting' thing which I think is kind of unfair to consumers." The experts...
  • Two-thirds of oil and gas leases in Gulf inactive

    03/29/2011 11:25:31 AM PDT · by safetysign · 30 replies
    Associated Press ^ | 03/29/2011 | Julie Pace
    An Interior Department report to be released Tuesday says more than two-thirds of offshore oil and gas leases in the Gulf of Mexico are sitting idle. According to the report, obtained by The Associated Press, those inactive swaths of the Gulf could potentially hold more than 11 billion barrels of oil and 50 trillion cubic feet of natural gas. The report also shows that 45 percent of all onshore oil and gas leases are inactive.
  • Drilling Unlikely to Lower Oil Prices, Energy Information Chief Says

    03/18/2011 12:55:01 PM PDT · by Nachum · 95 replies
    CNS News ^ | 3/18/11 | Dan Joseph
    (CNSNews.com) - Richard Newell, administrator of the U.S. Energy Information Administration (EIA), said that while oil prices are likely to stay above average for the remainder of 2011, it is unlikely that an increase in domestic oil production would dramatically affect oil prices in either the short-term or the long-term. Newell, a political appointee, was tapped to head the EIA by President Barack Obama in mid-2009. In his testimony before the House Committee on Natural Resources on Thursday, Newell said that because oil is a global commodity dependent on global trends, domestic production would do little to ease prices at...
  • The $4-Per-Gallon President

    03/15/2011 4:49:59 PM PDT · by Bratch · 68 replies
    Facebook ^ | March 15, 2011 | Sarah Palin
    Is it really any surprise that oil and gas prices are surging toward the record highs we saw in 2008 just prior to the economic collapse? Despite the President’s strange assertions in his press conference last week, his Administration is not a passive observer to the trends that have inflated oil prices to dangerous levels. His war on domestic oil and gas exploration and production has caused us pain at the pump, endangered our already sluggish economic recovery, and threatened our national security. The evidence of the President’s anti-drilling mentality and his culpability in the high gas prices hurting Americans...
  • Shocker: Domestic Oil Production Down, Foreign Imports Up

    03/11/2011 7:38:39 AM PST · by SeekAndFind · 17 replies
    Hotair ^ | 03/11/2011 | Jazz Shaw
    Fortunately for all of us, the wise energy policies of the Obama administration have us well on the way to a sustainable, secure energy future for our nation. After all, who could argue with a policy where we seek to import less oil from abroad, stifle the domestic production of such resources and do nothing to replace the shortfall?With that in mind, surely nobody would expect a result like this.The lack of effective leadership on this vital issue has drawn the ire of a group of conservative leaders who recently provided a summary of just what we can expect in...
  • Hey, Let’s Tap Into the Strategic Petroleum Reserve! (Wrong!!Drill, And Drill Now!!!)

    03/07/2011 6:35:47 AM PST · by Kaslin · 46 replies
    Hot Air Green Room ^ | March 6, 2011 | Jazz Shaw
    Another session of Sunday morning shows came around and I found myself watching Meet the Press. (Something which happens more and more since ABC made the disastrous decision to drop the indispensable Jake Tapper as host of This Week in favor of Christiane Amanpour.) One of the guests was President Obama’s Chief of Staff Bill Daley, and the subject of the discussion turned to the rising prices of both gasoline and barrels of oil. “Aha!” I thought. “Now we’re getting down to something important. The administration has been choking off domestic oil production and the unrest on the Arab street...
  • The Great Depression 2.0

    03/05/2011 1:25:22 PM PST · by bray · 7 replies
    self | 3/5/11 | bray
    For this reason, ever since I heard about your faith in the Lord Jesus and your LOVE for all the saints, Eph 1:15 All the stops are being pulled to avoid the Obama Depression settling into the discussion. This economic disaster would be tragic if it wasn’t intentional. From the moment he and his radical buddies took over the helm of this great ship of Freedom they have pushed to destroy the capitalistic model and replace it with a communist dictatorship and now we have the results. As gas becomes a scarcer and scarcer commodity everyone will be punished equally...
  • Drilling Here, Drilling Now: It’s Just Common Sense

    03/05/2011 7:22:47 AM PST · by Kaslin · 32 replies
    Pajamas Media ^ | March 5, 2011 | AWR Hawkins
    We are living lives of self-imposed impoverishment. it will reach $130bbl, there is little reason to expect gasoline prices to do anything other than climb higher in the near future.One of the problems we face right now is the uncertainty in Libya, an OPEC nation that has cut its normal daily output of 1.6 million barrels of oil per day (bpd) to just over 700,000, amid the political tensions surrounding Muammar Gaddafi. What this means for humanity as a whole is that there is now less oil on the worldÂ’s market to meet the demand around the globe. What this...
  • Drill, North Dakota, Drill

    10/11/2010 5:16:10 PM PDT · by Kaslin · 23 replies
    IBD Editorials ^ | October 11, 2010 | Investors Business Daily staff
    Recovery: While states like Nevada wallow in recession, tiny North Dakota becomes the first state rated as expanding by a leading service. Could it be the state's burgeoning energy industry? The recession — induced by Democrats and activists meddling in the housing market through the Community Reinvestment Act and then whistling past the bad-loan graveyard of Fannie Mae and Freddie Mac — officially ended in June 2009, according to the National Bureau of Economic Research. For much of the country, mired in a jobless recovery with job losses so great and prospects so bleak that it will take decades just...
  • Drilling industry: Deep water rigs 'virtually gone' by November

    07/16/2010 8:32:17 AM PDT · by Qbert · 23 replies
    WWL.com ^ | 7/14/2010 | David Blake
    Industry experts say the latest deep water drilling moratorium issued by the White House has only fanned the flames of discontent by oil companies working in the Gulf. One analyst says there are new predictions on how fast the rigs might be pulling out and leaving the Gulf. Brian Petty with the International Association of Drilling Contractors says we should have a good idea of just how many rigs will be lost by Labor Day. According to Petty, the new so-called "softer" moratorium is actually harder on the industry than the first one
  • It Begins… First Oil Rig Relocates From Gulf to Foreign Waters

    07/11/2010 9:07:10 AM PDT · by opentalk · 25 replies
    Gateway Pundit ^ | July 10, 2010 | Jim Hoft
    Diamond Offshore announced on Friday that it will be the first company to relocate one of its oil rigs from the Gulf of Mexico to Egyptian waters due to the Obama Administration’s ban on drilling. Chron.com reported: Diamond Offshore announced Friday that its Ocean Endeavor drilling rig will leave the Gulf of Mexico and move to Egyptian waters immediately — making it the first to abandon the United States in the wake of the BP oil spill and a ban on deep-water drilling. And the Ocean Endeavor’s exodus probably won’t be the last, according to oil industry officials and Gulf...
  • Salazar seeks to reimpose drilling moratorium

    06/22/2010 5:35:14 PM PDT · by Bigtigermike · 35 replies
    AP ^ | Tuesday June 22, 2010 | ERICA WERNER
    Interior Secretary Ken Salazar says he will issue a new order imposing a moratorium on deepwater drilling after a federal judge struck down the existing one. Salazar said in a statement Tuesday evening that the new order will contain additional information making clear why the six-month drilling pause was necessary in the wake of the Gulf oil spill.
  • Oil Companies Challenge Administration’s Drilling Moratorium

    06/21/2010 1:41:18 PM PDT · by jazusamo · 22 replies
    CNSNews ^ | June 21, 2010 | Fred Lucas
    Washington (CNSNews.com) – A federal judge will rule Wednesday whether to uphold President Barack Obama’s six-month moratorium on offshore drilling, a response to the massive BP oil spill in the Gulf of Mexico. Several oil service companies asked a federal judge on Monday to block the U.S. Interior Department from enforcing a six-month moratorium on new deepwater drilling projects in the Gulf of Mexico. The lawsuit filed claims the government arbitrarily imposed the moratorium and suspended drilling at 33 existing exploratory wells without any proof that the operations posed a threat. U.S. District Judge Martin Feldman is scheduled to hear...
  • Obama Trumpets Radical Energy Agenda

    06/21/2010 12:40:07 PM PDT · by jazusamo · 5 replies
    Human Events ^ | June 21, 2010 | Sen. James Inhofe
    One would think that, when it comes to the Gulf spill, our top priorities would be as follows: plug the leak, mitigate and clean up the environmental damage, and provide help to those affected by it. But as President Obama indicated in his Oval Office address last Tuesday night, he sees things quite differently. In his address President Obama found occasion to trumpet his radical cap-and-trade agenda for the nation’s energy sector. He referred approvingly to the disastrous Waxman-Markey cap-and-trade bill, which the House narrowly passed last summer. He sent clear signals that he wants the Senate to pass a...
  • $7-a-gallon gas?The folly of O's oil-spill 'fix'

    06/18/2010 11:51:46 AM PDT · by CincyRichieRich · 82 replies · 1,778+ views
    NY Post ^ | 6-18-10 | BEN LIEBERMAN
    President Obama has a solution to the Gulf oil spill: $7-a-gallon gas. That's a Harvard University study's estimate of the per-gallon price of the president's global-warming agenda. And Obama made clear this week that this agenda is a part of his plan for addressing the Gulf mess. So what does global-warming legislation have to do with the oil spill? Good question, because such measures wouldn't do a thing to clean up the oil or fix the problems that led to the leak. The answer can be found in Obama Chief of Staff Rahm Emanuel's now-famous words, "You never want a...
  • The Big Lie Used To Justify Drilling Moratorium

    06/17/2010 3:28:21 PM PDT · by raptor22 · 11 replies · 329+ views
    American Thinker ^ | June 17, 2010 | Rick Moran
    The Obama administration used the names of drilling experts to justify a ban on deep water drilling - despite the fact that 8 of these experts who were listed in the Interior Department report used as a basis for the moratorium say that their names had been used to justify a political decision: When President Obama last month announced his six-month deepwater moratorium, he pointed to an Interior Department report of new "safety" recommendations. That report prominently noted that the recommendations it contained-including the six-month drilling ban-had been "peer-reviewed" by "experts identified by the National Academy of Engineering." It also...
  • A Ban On Truth

    06/10/2010 6:02:09 PM PDT · by Kaslin · 17 replies · 976+ views
    IBD Editorials ^ | June 10, 2010 | Investors Business Daily staff
    Energy Policy: The advisory board on offshore drilling says it never endorsed a moratorium, which was added later by the interior secretary. The only thing transparent about this administration is its lies. Experts brought together by the Obama administration to review offshore drilling safety were asked to review recommendations in the wake of the Deepwater Horizon disaster. They did not give their blessing to the six-month drilling moratorium announced by Interior Secretary Ken Salazar and have accused him of deliberately appending their report to make it seem like they did. According to the New Orleans Times Picayune, Salazar's May 27...
  • The Drill Is Gone

    05/27/2010 6:04:59 PM PDT · by Kaslin · 29 replies · 1,298+ views
    IBD Editorials ^ | May 27, 2010 | Investors Business Daily staff
    Energy: An administration never enthusiastic about offshore drilling is using the Gulf oil spill as an excuse to suspend Arctic exploration. Who could've seen that coming? Now we'll be more dependent on foreign oil. Suspicions in some quarters that the administration was being deliberately lax in its response to the Deepwater Horizon oil spill in the Gulf of Mexico in order to pursue a larger, anti-domestic energy agenda were met with derision. But if not deliberate, the effect is the same as the administration prepares to shut down our search for new oil. President Obama on Thursday announced a suspension...
  • Louisiana's Jindal: Where's Obama?

    05/25/2010 4:42:45 PM PDT · by Kaslin · 34 replies · 1,299+ views
    IBD Editorials ^ | May 25, 2010 | Investors Business Daily staff
    Emergencies: As frustration with the federal response grows, Louisiana's governor lashes out at the feds for doing little except blame BP for the Gulf oil spill. Meanwhile, Congress sees a chance to raise your gas taxes. While the Obama administration continues on its quest to fundamentally transform America, the largely unabated Deepwater Horizon spill in the Gulf of Mexico threatens to fundamentally transform the ecosystems and economy of Louisiana and the Gulf region. The federal government's response so far has consisted largely of scapegoating BP and ignoring its own responsibilities and lack of preparation, railing against Big Oil, while Congress...
  • Rick Scott says he would support offshore drilling as governor(McCollum supports Crist Ban)

    05/20/2010 12:58:16 PM PDT · by Maelstorm · 23 replies · 440+ views
    http://www.postonpolitics.com ^ | May 2010 | by Michael C. Bender
    Rick Scott, the Republican flooding TV airwaves in Florida, said today that he would oppose a constitutional ban on offshore drilling that Gov. Charlie Crist wants lawmakers to put on the November ballot. “We need to protect our beaches, break our dependency on foreign oil and hold oil companies accountable when there are problems,” Scott said. “As governor, I’ll look to strike a balance between responsible exploration that takes every precaution and is far enough from our shores while holding oil companies accountable for their mistakes.” Attorney General Bill McCollum, the front-runner in the GOP primary, say he opposes offshore...
  • Offshore oil cash irks inland senators (My response: Too bad for you guys)

    05/17/2010 5:48:32 AM PDT · by bestintxas · 14 replies · 360+ views
    wash times ^ | 5/17/10 | sean lengell
    Democratic senators from landlocked states aren't happy about a proposal to offer huge cash incentives to coastal states willing to drill for oil and natural gas off their shores. And environmentalists are aghast it's in the Senate's new climate bill. "There is no substitute for a moratorium on offshore drilling — which is the only way that we can ensure that the kind of disaster we are experiencing in the Gulf does not happen again," Sierra Club Executive Director Michael Brune said while commenting on the bill. But for Virginia and other coastal states, the measure could produce a cash...
  • Cheap Oil: The Engine of America

    05/13/2010 12:40:19 PM PDT · by Faketan · 14 replies · 405+ views
    OilPrice.com ^ | 13/05/2010 | Charles Hugh Smith
    The foundation of the American lifestyle and economy is cheap oil. Remove that prop and every aspect of that lifestyle becomes questionable. Not to sound too cinematic, but everywhere I look, I see cheap oil. The results, of cheap oil, actually; or more precisely, a complete and total dependence on cheap, abundant oil. When I see expansive, well-manicured lawns, I see cheap oil. When I see busy airports and taxiing aircraft, I see cheap oil. When I see news about the latest "surge" in Afghanistan, I see cheap oil. When I see goods from China on sale for less than...
  • Drilling Oil Execs For Answers

    05/11/2010 4:26:22 PM PDT · by Kaslin · 13 replies · 455+ views
    Investors.com ^ | May 11, 2010 | Investors Business Daily staff
    The BP Spill: Tuesday on Capitol Hill, oil executives were subjected to the Senate's latest show trial. Senators did not say the accident in federal waters was a federal responsibility or that nature spills more oil every day. The morning hearing by the Energy and Natural Resources Committee chaired by Sen. Jeff Bingaman of New Mexico and the afternoon session before California Sen. Barbara Boxer's Environmental and Public Works Committee prove White House Chief of Staff Rahm Emanuel's dictum that a good crisis is a terrible thing to waste — especially when your goal is exploiting the Deepwater Horizon disaster...
  • Obama Administration Tries to Combat Criticism From Right Over Oil Spill

    05/06/2010 10:01:58 AM PDT · by Mozilla · 18 replies · 663+ views
    cnsnews.com ^ | May 6, 2010 | Fred Lucas
    Amid mounting criticism of its response to the oil spill in the Gulf of Mexico, the Obama administration on Wednesday released a day-by-day account of its response, stressing that it was quick to take action. The White House has faced criticism from both the right and the left in addressing the crisis. “The oil spill in the Gulf of Mexico is an ongoing tragedy, and the American people deserve action to protect our Gulf and they deserve answers,” Rep. Mike Pence (R-Ind.), the House Republican Conference chairman said on the House floor Wednesday. “The American people deserve to know why...
  • Gulf Oil Spill Threatens Halt to White House Offshore Drilling Plans

    05/04/2010 1:08:55 PM PDT · by bananaman22 · 15 replies · 315+ views
    OilPrice.com ^ | 04/05/2010 | Darrell Delamaide
    The oil spill in the Gulf of Mexico from a collapsed offshore drilling rig could affect White House plans to extend offshore drilling, press secretary Robert Gibbs acknowledged as the oil slick threatened onshore sites from the Louisiana wetlands to the Sarasota beaches and disrupted fishing and energy industries. As oil giant BP mobilized resources to try to stop the leak and to mitigate its damage, President Barack Obama called the spill “potentially unprecedented environmental disaster.” However, some critics charged that the administration’s slow response to the rig accident and Obama’s decision to take part in the humorous proceedings at...
  • Louisiana Spill: Big Oil's Chernobyl?

    04/30/2010 5:18:32 PM PDT · by Kaslin · 87 replies · 2,100+ views
    Investors.com ^ | April 30, 2010 | INVESTORS BUSINESS DAILY Staff
    Energy: The administration has banned new offshore drilling until the Gulf oil spill is investigated. Was its heart in it anyway? It seems environmental concerns apply only to certain forms of energy. No one pays much attention to the aquatic "dead zones" that have appeared off our shores at the mouths of our rivers due to agricultural runoff created by mandates for corn-based ethanol. Ethanol is green energy, good energy — never mind that such biofuels drive up food prices, increase hunger around the world and damage the environment in their own way. The explosion that blew apart an oil...
  • SHELL STARTS PRODUCTION AT PERDIDO - WORLD'S DEEPEST OFFSHORE DRILLING AND PRODUCTION FACILITY

    03/31/2010 9:13:32 PM PDT · by smokingfrog · 34 replies · 627+ views
    PR Newswire ^ | 3-31-10 | Press Release
    Shell today produced its first oil and natural gas from the Perdido Development, the world’s deepest offshore drilling and production facility. Located in an isolated, ultra-deep sector of the Gulf of Mexico, Perdido marks a new era in innovation and safely unlocks domestic sources of energy for US consumers. The facility sits in approximately 2,450 meters (8,000 feet) of water, which is roughly equivalent to six Empire State Buildings stacked one atop the other, and will access reservoirs deep beneath the ocean floor. Perdido smashes the world water depth record for an offshore platform by more than 50%. “Perdido is...
  • Drill, Mr. President, Drill

    03/31/2010 4:23:57 PM PDT · by Kaslin · 29 replies · 1,007+ views
    Investors.com ^ | March 31, 2010 | INVESTORS BUSINESS DAYLY Staff
    Energy: As the administration loosens restrictions on domestic energy development and offshore drilling, a reviled company develops technology to unlock America's vast shale resources. Drill, baby, drill. We have been among President Obama's harshest critics when it comes to the administration's overly restrictive energy policy, so we were pleasantly surprised to see him announce on Wednesday some light at the end of the pipeline. Some light, for many restrictions will remain in an energy policy best termed schizophrenic. Speaking at Andrews Air Force Base near Washington, D.C., Obama announced the welcome news that his administration will let lease sales go...
  • An Energy Head Fake: The Administration is still hostile to oil drilling and nuclear power.

    03/31/2010 7:38:21 AM PDT · by Maelstorm · 15 replies · 1,095+ views
    http://online.wsj.com ^ | Mar 11, 2010 | Wallstreet Journal
    President Obama used his January State of the Union speech to promise "a new generation of safe, clean nuclear power plants" and "new offshore areas for oil and gas development." Judging by its recent decisions, we'd say his Cabinet hasn't received the memo. Congress's ban on offshore drilling expired in September 2008, and a Bush Administration plan for leasing the energy-rich Outer Continental Shelf was due to begin this year. Yet within a month of taking office, Interior Secretary Ken Salazar halted leasing by extending the public comment period by six months. When that period ended last September, Interior said...
  • Obama Energy Announcement: More Imported Oil, Less Domestic Production, Fewer Jobs

    03/31/2010 9:25:01 AM PDT · by kristinn · 54 replies · 1,841+ views
    instituteforenergyresearch.org ^ | Wednesday, March 31, 2010 | Institute for Energy Research
    What the President announced today at-a-glance:Cancelled five lease sales off the Alaska coast that were planned over the next 2 years. One of the areas is estimated to hold up to 77 billion barrels of oil, or more than 3 times US reserves.A study of the southern Atlantic OCS, with the findings due back next year….no leasing.Delaying a planned lease sale off Virginia until at least 2012. Washington, DC – Earlier this morning, President Obama delivered remarks at Andrews Air Force Base on offshore energy exploration and production, and what a scene it was. While many newspapers and cable news...
  • EDITORIAL: Obama surrenders gulf oil to Moscow

    03/18/2010 10:45:09 AM PDT · by BradtotheBone · 15 replies · 939+ views
    The Washington Times ^ | March 18, 2010
    The Obama administration is poised to ban offshore oil drilling on the outer continental shelf until 2012 or beyond. Meanwhile, Russia is making a bold strategic leap to begin drilling for oil in the Gulf of Mexico. While the United States attempts to shift gears to alternative fuels to battle the purported evils of carbon emissions, Russia will erect oil derricks off the Cuban coast. Offshore oil production makes economic sense. It creates jobs and helps fulfill America's vast energy needs. It contributes to the gross domestic product and does not increase the trade deficit. Higher oil supply helps keep...
  • Debunking the Myth of Peak Oil - Why the Age of Cheap Oil is Far From Over

    03/17/2010 11:46:56 AM PDT · by bananaman22 · 13 replies · 621+ views
    OilPrice.com ^ | 17/03/2010 | Dennis Edison
    If I may, I would like to rebut or add a little objectivity to the flood of “Peak Oil” articles circulating around. When I see another crisis looming in the balance, and dramatized articles that warn of the “Dangers of Peak Oil,” I must question the validity or how this will effect the world, the USA, and you and I personally, and if indeed a crisis is at hand. As for world oil, if you ask the right questions, there are several new technologies/methods/alternatives and new finds that can easily supply enough hydrocarbon fuel for the next century or more....
  • Chortling At Chu

    03/12/2010 5:07:46 PM PST · by Kaslin · 18 replies · 957+ views
    Investors.com ^ | March 12, 2010 | INVESTORS BUSINESS DAILY Staff
    Future Fuels: Our secretary of energy pushes bio-refineries and windmills to oil executives at an energy conference as the administration announces a three-year offshore drilling ban. This is a policy for economic suicide. They don't qualify as an official group of victims, but carbon-Americans, as they have been called, did not have much to cheer about last week, when Energy Secretary Steven Chu addressed CERAWeek 2010, a premier industry conference hosted by IHS Cambridge Energy Research Associates. With an economy struggling to regain sound footing, Chu advocated a starvation diet devoid of additional fossil fuels that are to remain under...
  • The Obama Moratorium: No offshore drilling while he’s in office

    03/12/2010 8:59:51 AM PST · by Dubya-M-DeesWent2SyriaStupid! · 64 replies · 1,800+ views
    washingtonexaminer.com ^ | 03/10/10 | Barbara Hollingsworth
    The Obama administration’s six-month delay in approving new offshore drilling leases in federal waters will become a new three-year ban, Interior Secretary Ken Salazar quietly told reporters last Friday. Which means that no new oil and gas leases will be approved during President Obama’s term even though two –thirds of the American public supports such activity, according to a December 2009 Rasmussen poll. Sixty percent also believe that gas and oil prices will drop if the government allows offshore drilling, opening up an estimate 14 billion barrels of oil and 55 trillion cubic feet of natural gas On July 14,...
  • Drilling Ban To Cost Trillions

    02/16/2010 4:16:12 PM PST · by Kaslin · 21 replies · 1,321+ views
    Investors.com ^ | February 16, 2010 | INVESTORS BUSINESS DAILY Staff
    Energy: A new study shows that our reluctance to develop domestic energy will cost the beleaguered U.S. economy trillions in opportunity costs, reduce our gross domestic product and increase our trade deficit. From trying to stimulate jobs in nonexistent ZIP codes at great expense to worshiping the false gods of climate change, our biggest deficit these days may be in the area of common sense. A new study shows that many of our wounds are self-inflicted as we forgo the wealth and jobs to be found in our waters and under our feet. The study by Science Applications International Corp....
  • The Obama Moratorium: No offshore drilling while he’s in office

    03/10/2010 2:20:50 PM PST · by Former Military Chick · 137 replies · 4,558+ views
    Washington Examiner ^ | 03/10/10 1:19 PM EST | Barbara Hollingsworth
    The Obama administration’s six-month delay in approving new offshore drilling leases in federal waters will become a new three-year ban, Interior Secretary Ken Salazar quietly told reporters last Friday. Which means that no new oil and gas leases will be approved during President Obama’s term even though two –thirds of the American public supports such activity, according to a December 2009 Rasmussen poll. Sixty percent also believe that gas and oil prices will drop if the government allows offshore drilling, opening up an estimate 14 billion barrels of oil and 55 trillion cubic feet of natural gas On July 14,...
  • Drill Gate: Obama Administration Ignores American People, Enacts Ban on Offshore Energy

    02/15/2010 11:29:08 AM PST · by La Lydia · 40 replies · 1,349+ views
    Canada Free Press ^ | February 15, 2010 | Institute of Energy Research
    One of the most disappointing aspects of the Obama Administration’s domestic policy has been the way it has dealt with domestic energy production – in particular new offshore energy production. It took oil prices reaching $147 a barrel for President Bush to tear up the moratorium on offshore energy production, but at least when he did, he quickly moved forward with the regulatory process to give Americans access to these energy sources—and the jobs this development would create. The Obama Administration, on the other hand, would be hard pressed to move any slower than they already have, never mind what...
  • Industry study: US will lose over $2 trillion in 20 years in drilling ban

    02/15/2010 10:25:54 AM PST · by Free ThinkerNY · 28 replies · 746+ views
    Hot Air ^ | Feb. 15, 2010 | Ed Morrissey
    How much money is the US losing by maintaining its de facto drilling ban on the coasts and the explicit ban on drilling in ANWR? The SAIC Corporation studied the question, in part funded by the oil industry, and claims that the American economy will lose over $2.3 trillion dollars in opportunity costs over the next two decades: Restrictions on oil and gas drilling will cost the U.S. economy $2.36 trillion through 2029, according to a study requested by state utility regulators and paid for in part by industry-sponsored groups. Drilling restrictions in Alaska’s Arctic National Wildlife Refuge and off...
  • Domestic refiners say Senate climate bill will raise gas prices

    10/28/2009 11:34:22 AM PDT · by markomalley · 18 replies · 1,443+ views
    The Hill ^ | 10/28/2009 | Jim Snyder
    Domestic oil refiners kept up their attack of climate legislation, saying a Senate bill under consideration could increase gas prices. Domestic oil refiners kept up their attack Wednesday of climate legislation, saying a Senate bill under consideration could increase gas prices. The group, among the fiercest critics of the measure, said the proposal could add 77 cents a gallon, or around 30 percent above today’s prices. Democrats on a key Senate panel shot back, saying the industry’s estimate is based on an inflated projection of the price of permits companies will have to hold to cover their carbon emissions. A...
  • Fla. House panel OKs Offshore Drilling!

    04/21/2009 4:40:21 PM PDT · by My Favorite Headache · 46 replies · 1,720+ views
    My Fox Orlando ^ | 4-21-2009
    Fla. House panel OKs offshore drilling Last Edited: Tuesday, 21 Apr 2009, 7:01 PM EDT Created On: Tuesday, 21 Apr 2009, 7:01 PM EDT TALLAHASSEE, Fla. (AP) - A Florida House panel has approved a bill that would permit oil and natural gas drilling in coastal areas where it’s now banned. The measure would allow drilling from the water’s edge to 10 miles into the Gulf of Mexico. That’s where federal waters begin, and also where drilling is prohibited. The House Policy Council approved the Republican-sponsored bill (HB 1219) on a nearly straight 17-7 party line vote. Its next stop...
  • Sens. Hutchison, Murkowski, Bond Urge White House to Expedite Offshore Oil and Gas Development

    03/03/2009 2:16:50 PM PST · by cc2k · 8 replies · 668+ views
    Senator Kit Bond ^ | March 2, 2009
    Sens. Hutchison, Murkowski, Bond Urge White House to Expedite Offshore Oil and Gas Development Domestic Sources will Relieve Stress on Americans, Reduce Dependence on Foreign Oil March 2, 2009 WASHINGTON, D.C. – U.S. Senator Kay Bailey Hutchison (R-TX), Texas’ senior Senator, along with Senators Lisa Murkowski (R-AK) and Kit Bond (R-MO) today led a Republican effort, urging the White House to tap new domestic energy sources and expeditiously complete the Administration’s five-year plan for offshore oil and gas development. Sens. Hutchison, Murkowski, and Bond were joined on the letter by 32 of their Republican colleagues in the U.S. Senate.            “American...
  • MMS Central GOM Lease Sale 208 Offers 181 South Area

    10/08/2008 6:39:32 AM PDT · by thackney · 9 replies · 1,000+ views
    Rig Zone ^ | October 07, 2008 | Minerals Management Service
    The Department of the Interior’s Minerals Management Service (MMS) has proposed that oil and gas Lease Sale 208 for the Central Gulf of Mexico Planning Area be held March 18, 2009. The Notice of Availability of the Proposed Notice of Sale (PNOS) was published in the Federal Register on Friday, October 3. The proposed sale encompasses approximately 6,200 unleased blocks covering more than 33.5 million acres offshore Louisiana, Mississippi, and Alabama. This area includes 5.8 million acres, known as the 181 South Area, that will be offered for lease for the first time since 1988. "What makes Sale 208 noteworthy...
  • Drilling for cover

    09/18/2008 12:52:58 PM PDT · by pabianice · 25 replies · 342+ views
    Union Leader ^ | 9/18/08
    Democrats in the U.S. House want you to think that they support expanded drilling for oil and natural gas. They don't. Their vote on Tuesday proved it. New Hampshire Reps. Carol Shea-Porter and Paul Hodes voted along with the rest of Speaker Nancy Pelosi's poodle army for what they claim is a comprehensive energy bill that responsibly expands domestic drilling off our coasts. In the Atlantic and Pacific, the bill allows drilling from 100 to 200 miles offshore. It allows drilling from 50 to 100 miles offshore with state approval. The eastern Gulf of Mexico would remain off limits. Click...
  • Nancy Pelosi's 'Drilling' Charade: SHAM, BABY, SHAM Pelosi's alternative-energy choice? snake oil

    09/18/2008 11:22:49 AM PDT · by jazusamo · 21 replies · 239+ views
    The Oregonian ^ | September 17, 2008 | David Reinhard
    How lame is the energy bill that Speaker Nancy Pelosi had her House Democrats pass through the House on Tuesday? Louisiana Sen. Mary Landrieu said before the vote that Pelosi's handiwork would be "dead on arrival" in the Senate. This from a Democrat who's up for re-election in an oil-and-gas state that would seem to gain from the bill's much-ballyhooed expansion of offshore drilling? What gives? For starters, Landrieu knows that the limited drilling the House leadership allows in principle -- it opens up waters 50 miles from shore with state approval -- is made next to impossible in practice....
  • Can Offshore Drilling Really Make the U.S. Oil Independent?

    09/17/2008 9:27:28 AM PDT · by markomalley · 36 replies · 1,099+ views
    Scientific American ^ | 9/12/2008 | Emily Gertz
    When Arizona Sen. John McCain accepted the Republican nomination for president, he vowed to cut America's reliance on foreign oil by opening up the nation's Atlantic and Pacific coasts to drilling—drawing cheers from GOP delegates on hand for his party's national convention. "We will drill new oil wells offshore, and we'll drill them now," McCain pledged to his faithful, who gushed with enthusiastic chants of "drill, baby, drill!" The ultimate goal, the candidate said: to "stop sending $700 billion a year (for oil) to countries that don't like us very much." No one disputes that a lot of oil lies...
  • Bush Will Veto Dem Drilling Bill: Drill, Baby, Drill in Two Weeks

    09/17/2008 6:24:24 AM PDT · by Bill Dupray · 28 replies · 142+ views
    The Patriot Room ^ | September 17, 2008 | Bill Dupray
    Nancy Pelosi’s House of Representatives yesterday passed on a party line vote a drilling bill that effectively allows no drilling. She hates drilling, and this bill was solely an attempt to avoid becoming the Former Speaker of the House. The Senate bills aren’t any better. Wherever the House bill would allow limited drilling, say in the eastern Gulf of Mexico, the Senate bill would forbid it. The real story is that the Republicans know they are on the winning side of this issue and if they can kill this legislation, the moratorium will expire on September 30, and drilling can...
  • Final Vote Results for Roll Call 599 (House vote on Pelosi Energy Sham Bill)

    09/17/2008 6:34:48 AM PDT · by markomalley · 29 replies · 738+ views
    FINAL VOTE RESULTS FOR ROLL CALL 599(Democrats in roman; Republicans in italic; Independents underlined)       H R 6899      RECORDED VOTE      16-Sep-2008      10:04 PM      QUESTION:  On Passage      BILL TITLE: Comprehensive American Energy Security and Consumer Protection Act Ayes Noes PRES NV Democratic 221 13   1 Republican 15 176   8 Independent         TOTALS 236 189   9 ---- AYES    236 --- AbercrombieAckermanAllenAltmireAndrewsArcuriBacaBairdBaldwinBeanBecerraBerkleyBermanBerryBishop (GA)Bishop (NY)BlumenauerBorenBoswellBoucherBoyd (FL)Boyda (KS)Brady (PA)Braley (IA)Brown, CorrineBuchananButterfieldCapuanoCardozaCarnahanCarneyCarsonCastleCastorChandlerChildersClarkeClayCleaverClyburnCohenConyersCooperCostaCostelloCourtneyCramerCrowleyCuellarCummingsDavis (AL)Davis (CA)Davis (IL)Davis, LincolnDeFazioDeGetteDelahuntDeLauroDicksDingellDoggettDonnellyDoyleEdwards (MD)Edwards (TX)EllisonEllsworthEmanuelEngelEshooEtheridgeFattahFosterFrank (MA)GiffordsGilchrestGillibrandGonzalezGordon Green, AlGreen, GeneGrijalvaGutierrezHall (NY)HareHarmanHastings (FL)HayesHerseth SandlinHigginsHillHincheyHinojosaHironoHodesHoldenHondaHooleyHoyerInglis (SC)InsleeIsraelJackson (IL)Jackson-Lee (TX)JeffersonJohnson (GA)Johnson, E. B.Jones (NC)KagenKanjorskiKapturKennedyKildeeKilpatrickKindKirkKlein (FL)KnollenbergKucinichLaHoodLangevinLarsen (WA)Larson (CT)LeeLevinLewis (GA)LipinskiLoBiondoLoebsackLofgren, ZoeLoweyLynchMahoney (FL)Maloney (NY)MarkeyMathesonMatsuiMcCarthy (NY)McCollum (MN)McDermottMcGovernMcIntyreMcNerneyMcNultyMeek (FL)Meeks (NY)MelanconMichaudMiller (NC)Miller, GeorgeMitchellMollohanMoore (KS)Moore (WI)Moran (VA)Murphy (CT)Murphy,...