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  • 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...