Keyword: drillbabydrill

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  • A Trump U.S. Energy Boom

    11/27/2016 4:01:39 AM PST · by reaganaut1 · 16 replies
    Wall Street Journal ^ | November 26, 2016
    Donald Trump this week released a video detailing the plans for his Administrationís first 100 days, and one bright spot is his agenda for American energy. The President-elect promised to peel away government obstacles, and he will have plenty of work after President Obamaís eight-year regulatory onslaught. ďI will cancel job-killing restrictions on the production of American energy, including shale energy and clean coal, creating many millions of high-paying jobs,Ē Mr. Trump said in his two-minute clip. ďThatís what we want, thatís what weíve been waiting for.Ē Hereís one place to look: Last week the Obama Administration finished a five-year...
  • The largest oil deposit ever found in America was just discovered in Texas

    11/18/2016 11:34:24 AM PST · by Lorianne · 49 replies
    Business Insider ^ | 16 November 2016 | Akin Oyedele
    The US Geological Survey said Tuesday that it assessed what could be the largest deposit of untapped oil ever discovered in America. An estimated average of 20 billion barrels of oil and 1.6 billion barrels of natural gas liquids are available for the taking in the Wolfcamp shale, which is in the Midland Basin portion of Texas' Permian Basin. Based on a West Texas Intermediate crude oil price of $45 per barrel, those deposits are worth about $900 billion. US oil exploration companies have flocked to the superrich Permian Basin in recent years and used shale-drilling technology to create an...
  • USGS Announces Its Largest Oil And Gas Discovery Ever In The States

    11/16/2016 9:06:41 PM PST · by fision · 48 replies
    NPR ^ | 11/16/2016 | Rebecca Hersher
    The U.S. Geological Survey says it has found the largest continuous oil and gas deposit ever discovered in the United States. On Tuesday, the USGS announced that a swath of West Texas known as the Wolfcamp shale contains 20 billion barrels of oil and 16 trillion cubic feet of natural gas. That is nearly three times more petroleum than the agency found in North Dakota's Bakken shale in 2013. As NPR's Jeff Brady reported, the amount of oil in the Wolfcamp shale formation is nearly three times the amount of petroleum products used by the entire country in a year....
  • Drill, Baby Drill! American Made Energy Makes America Great Again

    11/16/2016 6:40:52 PM PST · by Bratch · 19 replies
    Facebook ^ | November 16, 2016 | Sarah Palin
    Drill, Baby Drill! American Made Energy Makes America Great Again Permian, ANWR, Prudhoe, Bakkan…. and so much more. NOW is the time to shut off the Saudi oil cartel flow valve and develop our own God-given natural resources. The only excuse not to become energy independent is a political excuse. The inherent link between energy and security, and energy and prosperity, is real and recognized by every American except sketchy politicians and deceived faux environmentalists. We have the resources, we have the technology, we have the manpower. America has the highest environmental and worker safety standards in the world… it’s...
  • Vast Shale Oil Field in Texas Could Yield 20 Billion Barrels

    11/16/2016 5:21:43 PM PST · by smokingfrog · 32 replies
    ABC News ^ | 11-16-16 | David Warren
    A vast field of shale rock in West Texas could yield 20 billion barrels of oil, making it the largest source of shale oil the U.S. Geological Survey has ever assessed, agency officials said. The Wolfcamp Shale geologic formation in the Midland area also contains an estimated 16 trillion cubic feet of natural gas and 1.6 billion barrels of natural gas liquids, the agency said in a release. The discovery is nearly three times larger than the shale oil found in 2013 in the Bakken and Three Forks formations in the Dakotas and Montana, said Chris Schenk, a Denver-based research...
  • Permianís Wolfcamp formation called biggest shale oil field in U.S.

    11/16/2016 5:06:48 PM PST · by RoosterRedux · 11 replies
    Joe Carroll
    Link only...Bloomie via Star Telegram$900 billion.
  • USGS announces largest estimate of oil and gas Ďever assessed in the United Statesí

    11/16/2016 4:41:20 PM PST · by Kaslin · 103 replies
    Hot Air.com ^ | November 16, 2016 | JOHN SEXTON
    Tuesday the U.S. Geological Survey announced the largest ever assessment of ‚Äúcontinuous oil‚ÄĚ ever made in the United States. The Wolfcamp shale in the area of Midland, Texas is estimated to contain three times the oil and gas of the Bakken shale formation in Montana and North Dakota. From the USGS: The Wolfcamp shale in the Midland Basin portion of Texas¬í Permian Basin province contains an estimated mean of 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 billion barrels of natural gas liquids, according to an assessment by the U.S. Geological Survey. This...
  • Saudi Arabia warns Trump on blocking oil imports

    11/16/2016 12:47:27 AM PST · by yoe · 34 replies
    Finanical Times ^ | Nnvember 15, 2016 | Pilita Clark
    Saudi Arabia has warned (Donald Trump) that the incoming US president will risk the health of his countryís economy if he acts on his election promises to block oil imports.In a sign of the difficulties Mr Trump faces over his campaign pledges to create ďcomplete American energy independenceĒ from ďour foes and the oil cartelsĒ, Saudi Arabiaís energy minister pointedly reminded the president-elect that the US ďbenefits more than anybody else from global free tradeĒ, adding, ďenergy is the lifeblood of the global economyĒ.
  • Wall Or No Wall: Trump Needs The Mexican Oil Industry

    11/15/2016 2:32:23 PM PST · by bananaman22 · 34 replies
    Oilprice.com ^ | 15-11-2016 | Trumpster
    Two of Donald Trumpís main pledges during the presidential race were building a wall along the border with Mexico, and making the U.S. energy-independent. Now that the election is over, these issues are coming to the fore. First, the president-elect said that the wall, which he mentioned on the campaign trail and in numerous debates, is still very much on the table, though what type of ďwallĒ that may be is an unknow. Second, he said he planned to start deporting illegal aliensóthose with criminal recordsówhich could amount to as many as three million individuals. Despite ďThe WallĒ, the deportation...
  • Trump set to roll back Obama policies on energy, environment

    11/14/2016 4:11:51 PM PST · by mdittmar · 31 replies
    yahoo ^ | November 14, 2016 | [Associated Press] MATTHEW DALY and JULIE PACE
    WASHINGTON (AP) ó President-elect Donald Trump is considering an oil billionaire and a North Dakota lawmaker for top posts as he moves to roll back President Barack Obama's environmental and energy policies and allow unfettered production of oil, coal and natural gas.
  • Doanld J. Trump May Hand Sarah Palin The Keys to Nationís Public Lands, Wildlife

    11/14/2016 2:16:41 PM PST · by drewh · 239 replies
    ewg.org/enviroblog ^ | Monday, November 14, 2016 | By Alex Formuzis, Sr VP Communications and Strategic Campaigns
    "Drill, baby, drill!Ē During her bid for vice president in 2008, that was Sarah Palin's crowd-pleasing chant promoting her energy policy. Now the pithy catchphrase Ė and the former Alaska governor herself Ė could make a comeback. News reports say Palin is on President-elect Donald Trump's short list to head the Interior Department. As secretary of the interior, she'd be in charge of overseeing oil drilling, uranium mining and other energy extraction on 500 million acres of public land, including iconic national parks like the Grand Canyon. The pro-mining policies Trump and Palin could be expected to bring to Interior...
  • President Trump: This Is How To Bring Back 1 Million Energy Jobs

    11/11/2016 8:09:39 AM PST · by bananaman22 · 11 replies
    Oilprice.com ^ | 11-11-2016 | Dan
    Dear President-Elect Trump, Thereís work to be done. And I know youíre up for a challenge. In fact, Iím now sure of it. So let me lay out a policy position that I am truly hoping you will adopt as your own. Iím talking about natural gas as a transportation fuel: cheap, clean, abundant natural gas. And Iím talking about U.S. energy independence, balanced budgets, jobs, trade and the environment. We use natural gas for power generation and as a heating fuel but thatís an old story for a new reality. Fracking has unlocked a phenomenal amount of gas in...
  • The Billion Barrel Oil Swindle: 80% Of U.S. Oil Reserves Are Unaccounted-For

    10/10/2016 8:44:07 AM PDT · by bananaman22 · 18 replies
    Oilprice.com ^ | 10-10-2016 | Art
    U.S. crude oil storage is filling up with unaccounted-for oil. There is a lot more oil in storage than the amount that can be accounted for by domestic production and imports. Thatís a big problem since oil prices move up or down based on the U.S. crude oil storage report. Oil stocks in inventory represent surplus supply. Increasing or decreasing inventory levels generally push prices lower or higher because they indicate trends toward longer term over-supply or under-supply.
  • How Does America Keep Finding Vast Stores of Energy?

    09/12/2016 4:22:31 PM PDT · by 2ndDivisionVet · 33 replies
    Slate ^ | September 12, 2016 | Daniel Gross
    By completely overhauling the old rules of the business. Last week, the Wall Street Journal reported on an energy bonanza. A company discovered a new field with ďthe equivalent of at least two billion barrels of oilĒ that ďhas the promise to become one of the biggest energy finds of the past decade.Ē But the discovery wasnít made by a foreign company in the Amazon, or deep in the waters off the coast off Africa, or in Kazakhstanóor any of the other politically treacherous, high-risk, low-infrastructure places where Big Oil has been prospecting for gigantic new gushers. Instead, the lucky...
  • Oil! Massive shale discovery in Texas

    09/08/2016 10:08:00 AM PDT · by PAR35 · 65 replies
    CNN ^ | September 8, 2016 | Matt Egan
    An overlooked corner of West Texas is believed to contain billions of barrels of newly-discovered shale oil. Apache (APA) revealed the huge find this week after more than two years of stealthily buying up land, extensive geological research and rigorous testing. ... Apache believes the new shale play spans at least five formations, contains over three billion barrels of oil and 75 trillion cubic feet of rich natural gas.
  • Obama Scolds Drivers of ĎGas-Guzzlersí During Remarks on Clean Energy

    06/29/2016 6:02:13 PM PDT · by PROCON · 89 replies
    freebeacon.com ^ | June 29, 2016 | David Rutz
    President Obama scolded ďthose of you who are buying gas-guzzlersĒ during remarks about clean energy at the North American leadersí summit in Canada on Wednesday. Obama said he viewed the clean energy sector as an ďenormous opportunity.Ē The United States, Canada, and Mexico made a pledge to use clean energy sources to generate half of their electric power by 2025. Chuckling, Obama warned that oil was a ďfinite resource.Ē ďOil is cheap right now, but itís not going to be cheap,Ē Obama said. ďIíve said this before. Those of you who are buying gas-guzzlers, Iím telling you, because it is...
  • Colorado Has 40 Times More Natural Gas Than Once Believed

    06/09/2016 1:16:16 PM PDT · by smokingfrog · 35 replies
    Daily Caller ^ | 6-9-16 | Chris White
    U.S. Geological Survey (USGS) officials said Wednesday that western Colorado has upwards of 40 times more natural gas than previously believed, making it the second largest natural gas producing formation in the U.S. The Mancos Shale formation in Coloradoís Piceance Basin, located in the western section of Colorado, nestles nearly 70 trillion (66.3 trillion) cubic feet of gas. This marks a massive uptick from the 1.6 trillion cubic feet estimated in 2003, research shows. A trillion cubic feet of natural gas, according to the U.S. Energy Department, is enough to heat 15 million homes for a year ó 66. 3...
  • Trump courts energy industry

    05/26/2016 9:38:57 AM PDT · by 2ndDivisionVet · 4 replies
    The Hill ^ | May 25, 2016 | Devin Henry and Timothy Cama
    Donald Trump is seeking to make inroads with the fossil fuel industry as he moves into the general election. The businessman and presumptive Republican presidential nominee has not made energy a focal point of his campaign, but the sector has historically been a strong GOP ally. Trump is expected to use a Thursday speech before a North Dakota petroleum convention to provide more detail about his platform. So far, Trump has staked out only a handful of energy positions. Heís skeptical of climate change, wants to revive the coal industry and plans to review Environmental Protection Agency (EPA) rules he...
  • Trump taps climate change skeptic, fracking advocate as key energy advisor

    05/13/2016 10:51:57 AM PDT · by maggief · 94 replies
    Reuters ^ | May 13, 2016 | VALERIE VOLCOVICI
    Republican presidential contender Donald Trump has asked one of America's most ardent drilling advocates and climate change skeptics to help him draft his energy policy. U.S. Republican Congressman Kevin Cramer of North Dakota - a major oil drilling state - is writing a white paper on energy policy for the New York billionaire, Cramer and sources familiar with the matter told Reuters. Cramer was also among a group of Trump advisers who recently met with lawmakers from western energy states, who hope Trump will open more federal land for drilling, a lawmaker who took part in the meeting said. Cramer...
  • The Age of Cheap Oil and Natural Gas Is Just Beginning

    05/09/2016 11:14:20 AM PDT · by samtheman · 26 replies
    scientificamerican.com ^ | May 3, 2016 | Marian Radetzki, Roberto F. Aguilera
    But we believe the period of excessively high oil prices has come to an end. The international spread of two revolutions will assure much ampler oil supplies, and will deliver prices far below the highs that reigned between the end of 2010 and mid-2014.
  • Drill will: America, not OPEC, decides the fate of global oil markets

    04/25/2016 2:55:17 PM PDT · by 2ndDivisionVet · 11 replies
    The Economist ^ | April 23, 2016
    ďWE DONíT care about oil prices,Ē Muhammad bin Salman, Saudi Arabiaís deputy crown prince, recently told Bloomberg, a news agency: ď$30 or $70, they are all the same to us.Ē Such comments by the man calling the shots in the worldís biggest oil power should be taken with a pinch of salt. Low oil prices cost the country billions, threaten its credit rating and are turning it from creditor to debtor: this week it set out to raise $10 billion from global banks. Yet the claim is not entirely hollow, either. Saudi Arabia is determined not to give any succour...
  • Palin says voters won't stand for it if Republican "power brokers" (Title Truncated)

    04/14/2016 9:00:49 PM PDT · by KC_Lion · 60 replies
    U.S. News ^ | April 14, 2016 | MATTHEW DALY
    Voters will "rise up" in opposition if Republican power brokers try to take the presidential nomination away from Donald Trump or Ted Cruz at the GOP convention this summer, Sarah Palin said Thursday in a wide-ranging interview. The 2008 vice presidential nominee told The Associated Press that GOP voters have the right to decide the party's nominee and will rebel if House Speaker Paul Ryan or some other "white knight" is chosen at a contested convention. Ryan said this week he will not seek or accept the nomination. Palin said voters know better than to be fooled by party leaders....
  • The Splintering of the Conservative Media

    03/18/2016 2:45:24 PM PDT · by Kaslin · 86 replies
    American Thinker ^ | March 18, 2016 | Steve McCann
    Over the past 28 years there has been a sea change in the media. Not only has the monopoly of the so-called mainstream media been shattered but the phenomenal rise of conservative media has been truly stunning. It began in 1988 with the national syndication of Rush Limbaugh and his distinctive brand of conservative political commentary espoused in an entertaining and captivating way, which opened the flood gates for other conservatives, together with Rush, to dominate the talk radio airwaves. In the 1990ís the internet, through hundreds of websites, gave voice to journalists to report stories either ignored or downplayed...
  • Michigan Becomes First State to Welcome Back Sub-$1 Gas

    01/18/2016 6:18:29 AM PST · by Enlightened1 · 61 replies
    Fox 5 NY ^ | 01/18/16
    Gasbuddy.com says several stations in Houghton Lake, Michigan have lowered their prices under $1 per gallon, in what appears to be a price war. According to GasBuddy it appears these stations are currently the first stations in the country to see prices under $1 per gallon in years. As the situation unfolds, it's possible these stations re-raise prices back over $1/gallon. 78 cents per gallon was recorded at Beacon & Bridge Market while 95 cents per gallon was recorded at the Marathon in Houghton Lake. Prices were verified by GasBuddy after a review of photographs uploaded to GasBuddy's app.
  • Obama: Companies should face higher charges for drilling on federal land

    01/13/2016 7:03:09 AM PST · by thackney · 26 replies
    Fuel Fix ^ | January 13, 2016 | Associated Press
    President Barack Obama signaled in his final State of the Union address Tuesday night that fossil fuel companies could face higher charges when mining on federal lands. Obama said that he's going to push to change the way the federal government manages its oil and coal resources to better reflect the costs they impose on taxpayers and the planet.
  • AWESOME: Liberal Unions in FULL Panic Mode After What Just Happened to Trump‚Äôs Campaign

    01/08/2016 5:18:38 PM PST · by BlackFemaleArmyCaptain · 32 replies
    Mary Kay Henry, the head of the Service Employees International Union is very nervous about the amount of popularity GOP front-runner Donald Trump has garnered. She recently said her organization is going into "hyperdrive" to stand up against Trump, because she saw him as a real threat. Henry was interviewed by David Axelrod for his podcast, "The Axe Files" on Thursday, when she admitted that her organization was worried about what Donald Trump was stirring up in the SEIU's 2.1 million members. She was worried because she believed Trump has the ability to win the White House in November. During...
  • Texas shale gas headed for Europe

    01/05/2016 5:19:37 AM PST · by thackney · 90 replies
    WFAA ^ | January 4, 2016 | Jack Beavers
    Texas shale gas is setting sail for Europe. Cheniere Energy has begun liquefying natural gas at its Sabine Pass terminal on the Texas-Louisiana border. The gas will be loaded onto a ship scheduled to travel overseas later this month. That's welcome news for Texas and U.S. gas producers. A glut of shale gas has depressed prices in the domestic market. Slower growth in China and South Korea have clouded prospects for LNG shipments from Alaska to Asia. That leaves Europe, where demand for natural gas remains strong -- and prices are much higher. Getting the gas there is the challenge....
  • So, I Guess We're Not Running Out Of Oil After All

    12/29/2015 1:49:02 PM PST · by Kaslin · 27 replies
    Townhall.com ^ | December 29, 2015 | Matt Vespa
    If you read Stephen Moore's column, he noted how the consensus over oil is wrong. We're not running out of oil. In fact, many have been saying we're going to run out since the 1930s: These stupid predictions of the end of oil have been going on for most of the last century. Just over 100 years ago, the U.S. Bureau of Mines estimated total future production at 6 billion barrels, yet we've produced more than 20times that amount. In 1939 the Department of the Interior predicted U.S. oil supplies would last 13 years. I could go on. […] The...
  • The Scientific Consensus Has Been Dead-Wrong on Oil

    12/29/2015 5:27:30 AM PST · by Kaslin · 40 replies
    Townhall.com ^ | December 29, 2015 | Stephen Moore
    It would be hard to find anyone in all of America who has been more wrong on the American energy story than Barack Obama. Oil prices have fallen from $105 a barrel in the summer of 2014 to hovering at $35 a barrel today. That's a two-thirds reduction in the price, and the biggest factor is shale oil brought to you by fracking. In many areas of the country gas is now less than $2 a gallon, and it could fall further in the weeks ahead. The falling price means, of course, an expanded supply. But now listen to Obama,...
  • DONALD J. TRUMP STATEMENT ON BUDGET DEAL

    12/17/2015 3:47:49 PM PST · by Gasshog · 241 replies
    https://www.donaldjtrump.com/ ^ | 12-16-2015 | Donald J. Trump
    <p>The American people will have to absorb higher deficits, greater debt, less economic liberty and more corporate welfare. Congress cannot seem to help itself in bending to every whim of special interests. How can they face their constituents when they continue to burden our children and grandchildren with debts they will never be able to repay? Our government is failing us, so we must do something about it. Who knows how bad things will be when the next administration comes in and has to pick up the pieces?</p>
  • Kemp: Oil Makes Only One Promise And That's Volatility

    12/15/2015 10:21:58 AM PST · by thackney · 11 replies
    Reuters via Rig Zone ^ | December 15, 2015 | John Kemp
    The other lesson from history is that oil prices, like other commodity prices, are inherently volatile. Volatility is not some accidental attribute of commodity markets, it is their defining characteristic. Prices have been unstable since the beginning of the modern oil industry when Edwin Drake drilled his first successful well in Pennsylvania in 1859. (http://tmsnrt.rs/1O6JytM) Writing less than 20 years later, one of the first historians of oil observed: "Petroleum had no certain value, no determinate value. The fact that it sold for 50 and 25 cents per gallon proves nothing. It sold for that in 1859 but the first...
  • Oil guru Dr. Daniel Fine was right on gas prices

    12/02/2015 11:01:32 AM PST · by brownwill6767 · 17 replies
    Roswell Daily Record ^ | 11/28/15 | Jeff Tucker
    nergy expert Dr. Daniel Fine, left, in March predicted the current low gasoline prices. Pictured with Fine during a meeting in Roswell in March are local oil men Rory McMinn of Reed & Stevens, center, and Bob Armstrong of Armstrong Energy Corp. (Jeff Tucker Photo) An energy expert’s prediction in March that gasoline prices in New Mexico would dip to $1.65 a gallon has been proven true.' Dr. Daniel Fine, associate director of the New Mexico Center for Energy Policy at New Mexico Institute of Mining and Technology, said at a landmen’s association’s meeting in Roswell in March that gasoline...
  • Radio ads hit Iowa: 'Politicians like Ted Cruz are the worst kind'

    12/01/2015 12:52:20 PM PST · by springwater13 · 76 replies
    Ted Cruz is under attack. The Texas senator's rise in Iowa presidential surveys has attracted criticism from all sides. America's Renewable Future, a bipartisan political group with the support of ethanol and agricultural industry workers, unleashed new digital and radio ads attacking Cruz in Iowa. The senator's opposition to ethanol mandates has drawn the ire of ARF, whose ads claim that Cruz's policy proposals "threaten rural Iowa and thousands of jobs." "Politicians like Ted Cruz are the worst kind: Hypocrites," the ad says. "There are millions of reasons Ted Cruz supports Big Oil instead of Iowa farmers. Call politician Ted...
  • Earth Is An Oil-Producing Machine ‚ÄĒ We're Not Running Out

    11/06/2015 4:46:41 AM PST · by expat_panama · 161 replies
    Investors Business Daily ^ | 11/04/2015 | KERRY JACKSON
    Ever since M. King Hubbert in the 1950s convinced a lot of people with his "peak oil" theory that production would collapse and we'd eventually exhaust our crude supplies, the clock has been running. And running. And it will continue to run for some time, as technology and new discoveries show that there's still an ocean of oil under our feet. [snip] A BP official told the magazine that "energy resources are plentiful. Concerns over running out of oil and gas have disappeared." Things are so good, in fact, that Engineering and Technology says "with the use of the innovative...
  • Gov. Sarah Palin: Obamaís Impotence

    10/17/2015 6:22:30 PM PDT · by Bratch · 22 replies
    Conservatives4Palin channeling Facebook ^ | October 16, 2015 | Sarah Palin via izthatiiz
    Governor Palin weighs in on Obama‚Äôs failed ISIS strategy: OBAMA‚ÄôS IMPOTENCE; WHY HE CAN‚ÄôT "DRILL, BABY, DRILL" Obama destroys our own oil development and pipeline proposals (http://www.usatoday.com/story/news/politics/2015/02/24/obama-keystone-veto/23879735/), and vows to bankrupt our American-made energy industry (http://newsbusters.org/blogs/p-j-gladnick/2008/11/02/hidden-audio-obama-tells-sf-chronicle-he-will-bankrupt-coal-industry), but is impotent¬†against a crazy Muslim cult‚Äôs crude wealth-generating oil infrastructure. Memo to Obama: you could destroy ISIS in a heartbeat if you wanted to. These desert rats aren‚Äôt running a covert oil operation ‚Äď their rigs, pump stations, gathering centers, separation facilities, pipelines, value-added refineries, trucks and transportation corridors are right there under your nose. Bomb them. Let the United States Military do...
  • Why Native Alaskans Support Shellís Arctic Drilling

    08/07/2015 7:22:34 AM PDT · by artichokegrower · 11 replies
    gCaptain ^ | August 6, 2015 | Paul Barrett
    Activists trying to stop Shellís offshore oil drilling in the U.S.ís Arctic Ocean region invoke the interests of native Alaskans. ďThese communities depend on this environment for food and resources and have stewarded it for centuries,Ē Greenpeace says, as part of its ďThe People vs. ShellĒ campaignówhat the group describes as possibly ďthe most important fight in environmental history.Ē A lot of native Alaskans, including many who live along the stateís North Slope, would prefer that Greenpeace mind its own business.
  • 'Paddle in Seattle' Arctic oil drilling protest

    05/18/2015 7:53:11 PM PDT · by Lorianne · 12 replies
    BBC ^ | 17 May 2015
    Hundreds of people in kayaks and small boats have staged a protest in the north-western US port city of Seattle against oil drilling in the Arctic by the Shell energy giant. Paddle in Seattle was held by activists who said the firm's drilling would damage the environment. It comes after the first of Shell's two massive oil rigs arrived at the port. The firm wants to move them in the coming months to explore for oil off Alaska's northern coast. Earlier this week, Shell won conditional approval from the US Department of Interior for oil exploration in the Arctic. The...
  • Seattle, Like It or Not, Becomes Shell's Arctic Base

    05/14/2015 2:44:36 PM PDT · by Oldeconomybuyer · 23 replies
    ABC News ^ | May 14, 2015 | By PHUONG LE
    The arrival in Seattle Thursday of an oil rig Royal Dutch Shell is outfitting for oil exploration in the remote Arctic Ocean marks a pivotal moment for an environmental movement increasingly mobilized around climate change. Activists paddling out in kayaks to meet the rig off Seattle's picturesque waterfront said it's their moment to stand against opening a new frontier of fossil fuel exploration. "Unless people get out there and put themselves on the front lines and say enough is enough, than nothing will ever change," said Jordan Van Voast, 55, an acupuncturist who was going out on the water to...
  • CERAWEEK-U.S. fracking costs falling fast, may keep fields in play

    04/22/2015 10:30:44 AM PDT · by ckilmer · 24 replies
    http://news.apsou.gr ^ | April 22 | Anna Driver
    CERAWEEK-U.S. fracking costs falling fast, may keep fields in play HOUSTON, April 22 † † (Reuters) - U.S. oil and natural gas companies have pushed down costs of fracking a shale well faster than expected, and if the trend holds up it could allow producers to keep working in oilfields that just months ago looked uncompetitive after the oil price crash.A more than 50 percent fall in the price of crude oil since June has left oil and gas producers insisting on steep price cuts from oilfield service companies that provide everything from drilling rigs to hydraulic fracturing.Oil is trading...
  • U.K. Makes a Big Oil Discovery

    Exploration firm U.K. Oil & Gas Investments said Thursday there may be up to 100 billion barrels of oil at an onshore site in south England, near Gatwick airport, a company spokesperson told CNN. That's more than double the amount of oil pumped from Britain's energy offshore North Sea fields in the past 40 years. The company's share of the total reserves are estimated at close to 9 billion barrels. UKOG chief executive Stephen Sanderson described the discovery as a "world class potential resource."
  • How Much U.S. Oil and Gas Comes From Fracking? (info graphic)

    04/02/2015 8:46:55 PM PDT · by Citizen Zed · 13 replies
    wsj ^ | 4-1-2015 | MARCELO PRINCE and CARLOS A. TOVAR
  • Energy Department says itís time to start drilling in the Arctic

    03/27/2015 9:08:54 AM PDT · by rktman · 2 replies
    hotair.com ^ | 3/27/2015 | Jazz Shaw
    Get ready for the White House to ignore their own science experts again. The Department of Energy commissioned a study by the National Petroleum Council which was meant to help determine our long range energy strategy. Their conclusion? We need to head on up to the Arctic basin and drill baby drill.
  • The World Really is Full of Oil

    03/07/2015 5:04:56 AM PST · by Kaslin · 60 replies
    Townhall.com ^ | March 7, 2015 | John Ransom
    Now into the seventh year of the Obama administration, what a change has been wrought in our energy security.Only half a decade ago liberals were predicting that oil production had peaked.Only last year analysts were saying that we’d never see oil below $100 again. Ever. While the Keystone Pipeline lingers, private oil exploration and production in the United States has assured this country, for the first time in my lifetime, is the dominant player not just in oil consumption, but in oil supply, as well.And oil price. Analyst at UBS say the magic number is $65-$70 a barrel. Their point...
  • Natural Gas: Saving More and Emitting Less

    02/18/2015 9:03:23 AM PST · by ThethoughtsofGreg · 6 replies
    American Legislator ^ | 2-14-15 | John Eick
    Earlier this week, the American Gas Association released its 2015 Playbook. The report shows that natural gas continues to deliver safe, affordable, and reliable energy, while also providing environmental and energy efficiency benefits. Customers are deriving financial savings from using natural gas. For instance, households that use natural gas for space heating, water heating, cooking and clothes drying save an average of $693 per year compared to customers who use electricity to power these activities. Over the past five years, low natural gas prices have provided a total savings of almost $65 billion to natural gas customers, allowing this money...
  • Palin speaks to near-capacity crowd

    02/13/2015 7:27:35 PM PST · by 2ndDivisionVet · 27 replies
    The Odessa American ^ | Thursday, February 12, 2015 11:27 pm | Ruth Campbell
    Before a near-capacity crowd at the Wagner No√ęl Performing Arts Center Thursday, former Alaska governor and GOP‚Äąvice presidential nominee Sarah Palin said people in Texas and across the nation are in a position to lead, not those in Washington, D.C. Palin, who was in Midland as part of the John Ben Shepperd Public Leadership Institute Distinguished Speaker Series, spoke on the topic ¬ďGroundbreakers, Mavericks and Trailblazers: How Women Are Showing 21st Century Leadership.¬Ē JBS Public Leadership Institute Executive Director Bob Brescia and Odessa American Publisher Pat Canty co-moderated the lecture. Palin said the country is suffering from a dire lack...
  • Palin skewers Obama, national politics, media in Midland visit

    02/12/2015 10:45:13 PM PST · by 2ndDivisionVet · 15 replies
    The Midland Reporter-Telegram ^ | February 12, 2015 | Joseph Basco
    In a lecture event titled ďGroundbreakers, Mavericks, and TrailBlazers: How Women are showing 21st Century Leadership,Ē John Ben Shepperd Public Leadership Institute guest Sarah Palin spent her opening speech time on hitting all the key points a conservative Midland-Odessa wants to hear: American exceptionalism, attacks on President Barack Obama and foreign countries, praise of President Ronald Reagan, cleaning up the ďgood olí boysĒ system in Washington, D.C., and saying ďscrew political correctness.Ē Palin was the center of attention at the Wagner-NoŽl Performing Arts Center on Thursday evening. She spent the first half of the roughly 90-minute event speaking freely on...
  • Why "drill, baby, drill" was right

    02/11/2015 4:35:29 PM PST · by upsdriver · 27 replies
    TribTalk ^ | February 11, 2015 | Sarah Palin
    Itís always a pleasure returning to the beautiful Lone Star State. This week Iím in Houston speaking with the industrious men and women of Americaís oil patch at the North American Prospect Expo. These are the unsung heroes of our nationís energy renaissance. In the brutal economic environment of the last six years, one sector had good news to report, and it came straight out of Americaís oil patch. From 2007 to 2012, employment in the energy industry rose a dramatic 31.6 percent while employment nationwide fell 2.7 percent. U.S. oil production increased from 6.5 million barrels per day in...
  • Governor Palin Pens Energy Op-Ed for Houston Tribune

    02/11/2015 4:38:41 PM PST · by Bratch · 40 replies
    Conservatives4Palin ^ | February 11 2015 | Sarah Palin via Steve Flesher
    Governor Palin wrote a great article for the†Houston Tribune†today loaded with a lot of good facts on energy.† She also notes an interesting flip flop from our president on the matter. Itís always a pleasure returning to the beautiful Lone Star State. This week Iím in Houston speaking with the industrious men and women of Americaís oil patch at the North American Prospect Expo. These are the unsung heroes of our nationís energy renaissance.In the brutal economic environment of the last six years, one sector had good news to report, and it came straight out of Americaís oil patch. From...
  • Obama Visits Saudi King After Curbing Oil Expansion

    01/27/2015 9:59:25 AM PST · by raptor22 · 21 replies
    Investor's Business Dailt ^ | January 27, 2015 | IBD EDITORIALS
    Energy: While taking credit for increased oil and gas production on private and state lands, the president moves to put 12 million acres of the oil-rich Arctic National Wildlife Refuge off limits. OPEC and the Saudis are smiling. Whoever's in charge of presidential optics these days fits the classic definition of the blind leading the blind. It's bad enough that President Obama doesn't have time to get to Paris for a global protest against terrorism after the Charlie Hebdo attack but can meet and greet the San Antonio Spurs. But then he privately slams an invitation by Congress to Israeli...
  • The Many Memes of Sarah Palin

    01/05/2015 1:43:21 AM PST · by 2ndDivisionVet · 10 replies
    American Thinker ^ | January 5, 2015 | M. Joseph Sheppard
    Defining a politicianís personality, whether positively to build them up, or negatively to tear them down, is a basic rule of politics. Themes can define an image e.g. "Roosevelt's categorization of Al Smith as "The Happy Warrior" or Democrat folklore depicting William Jennings Bryan as "the Great Commoner" are two classic positive examples. On the negative side, Mitt Romney never recovered from being defined as "Mr. 1 percent", nor did John Kerry from being "Mr. Flip Flop." Once a politician is defined (fairly or unfairly doesn't enter into the picture) as say, Rick Perry was as a forgetful ditherer, it...