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Keyword: drillbabydrill

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  • Obama Scolds Drivers of ‘Gas-Guzzlers’ 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 “those of you who are buying gas-guzzlers” during remarks about clean energy at the North American leaders’ summit in Canada on Wednesday. Obama said he viewed the clean energy sector as an “enormous opportunity.” 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 “finite resource.” “Oil is cheap right now, but it’s not going to be cheap,” Obama said. “I’ve said this before. Those of you who are buying gas-guzzlers, I’m 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 Colorado’s 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 — 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. He’s 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
    “WE DON’T care about oil prices,” Muhammad bin Salman, Saudi Arabia’s deputy crown prince, recently told Bloomberg, a news agency: “$30 or $70, they are all the same to us.” Such comments by the man calling the shots in the world’s 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 1990’s 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’s 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 — 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: Obama’s 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’s failed ISIS strategy: OBAMA’S IMPOTENCE; WHY HE CAN’T "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’s crude wealth-generating oil infrastructure. Memo to Obama: you could destroy ISIS in a heartbeat if you wanted to. These desert rats aren’t running a covert oil operation – 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 Shell’s Arctic Drilling

    08/07/2015 7:22:34 AM PDT · by artichokegrower · 11 replies
    gCaptain ^ | August 6, 2015 | Paul Barrett
    Activists trying to stop Shell’s offshore oil drilling in the U.S.’s Arctic Ocean region invoke the interests of native Alaskans. “These communities depend on this environment for food and resources and have stewarded it for centuries,” Greenpeace says, as part of its “The People vs. Shell” campaign—what the group describes as possibly “the most important fight in environmental history.” A lot of native Alaskans, including many who live along the state’s 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 it’s 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 weÂ’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 Noël Performing Arts Center Thursday, former Alaska governor and GOP vice 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 “Groundbreakers, Mavericks and Trailblazers: How Women Are Showing 21st Century Leadership.” 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 “Groundbreakers, Mavericks, and TrailBlazers: How Women are showing 21st Century Leadership,” 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 “good ol’ boys” system in Washington, D.C., and saying “screw political correctness.” Palin was the center of attention at the Wagner-Noël 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
    It’s always a pleasure returning to the beautiful Lone Star State. This week I’m in Houston speaking with the industrious men and women of America’s oil patch at the North American Prospect Expo. These are the unsung heroes of our nation’s 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 America’s 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. It’s always a pleasure returning to the beautiful Lone Star State. This week I’m in Houston speaking with the industrious men and women of America’s oil patch at the North American Prospect Expo. These are the unsung heroes of our nation’s 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 America’s 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 politician’s 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...
  • Many States Now Have $2 Gasoline, Analyst Says

    12/20/2014 3:34:10 PM PST · by 2ndDivisionVet · 33 replies
    North Country Public Radio ^ | December 20, 2014 | Scott Neuman
    <p>Remember when we told you earlier this month that a gas station in Oklahoma City had lowered its price for regular unleaded to $1.99 a gallon?</p> <p>Well, now that trend is nationwide: GasBuddy.com, which monitors prices across the country, says the $1.99 sign is up over pumps in 24 states. The national average is at $2.43 a gallon, but at one filling station in Springfield, Mo., it was only $1.93.</p>
  • Obama withdraws Alaska's Bristol Bay from oil drilling

    12/16/2014 7:59:43 PM PST · by Jet Jaguar · 35 replies
    Associated Press Fairbanks Daily News-Miner ^ | Dec 16, 2014 | Associated Press
    <p>President Barack Obama announced Tuesday that he's removing more than 52,000 square miles of waters off Alaska's coast from consideration for oil and gas exploration or drilling.</p> <p>The president said in a video announcement that Bristol Bay and nearby waters, covering an area roughly the size of Florida, would be withdrawn from consideration for petroleum leases. He called Bristol Bay one of the country's great natural resources and a massive economic engine.</p>
  • Shale boom spurs chemical industry expansion

    12/12/2014 5:57:49 AM PST · by thackney · 10 replies
    Fuel Fix ^ | December 11, 2014 | Rhiannon Meyers
    The U.S. chemical industry is expanding at a healthy clip thanks to a domestic drilling renaissance that has flooded the world with cheap oil and gas. The industry grew by 2 percent this year and is expected to swell further next year as advances in drilling and completion technologies unlock vast new supplies of hydrocarbons that chemical companies rely on to make products and fuel their plants, according to the American Chemistry Council’s annual year-end review of the industry. “The wind is back in our sails,” Kevin Swift, chief economist for the trade group, said in a statement. “During the...
  • Iranian president calls fall in oil prices ‘treachery’

    12/11/2014 5:09:09 AM PST · by thackney · 49 replies
    Fuel Fix ^ | December 10, 2014 | Associated Press
    Iran’s President Hassan Rouhani said Wednesday that the sharp fall in global oil prices is the result of “treachery,” in an apparent reference to regional rival Saudi Arabia, which opposed production cuts. Oil prices have plunged by more than 40 percent since June to around $65 a barrel, placing severe strain on Iran’s economy, which is already hobbled by international sanctions imposed over its nuclear program. An OPEC meeting last month failed to reach agreement on production curbs, mainly because of Saudi opposition. Rouhani told a Cabinet meeting Wednesday that the fall in prices is at least partly “politically motivated,”...
  • Obama in Miami: 'We can't just drill our way to lower gas prices' (2012 article)

    12/10/2014 3:58:40 PM PST · by HereInTheHeartland · 14 replies
    Tampa Bay Times ^ | Alex Leary
    "It means that anyone who tells you we can drill our way out of this problem doesn’t know what they’re talking about – or isn’t telling you the truth. The United States consumes more than a fifth of the world’s oil. But we only have 2% of the world’s oil reserves. That means we can’t just rely on fossil fuels from the last century. "
  • Venezuela: U.S. flooding market with fracking-produced oil

    12/10/2014 5:06:25 PM PST · by Maelstorm · 86 replies
    http://latino.foxnews.com ^ | December 10, 2014 | EFE
    Venezuelan President Nicolas Maduro blasted the United States Wednesday for its large-scale use of hydraulic fracturing, or fracking, saying it is flooding the market with oil produced with environmentally destructive methods. The United States, one of the world's biggest practitioners of fracking, a controversial technique that involves pumping a pressurized fluid - usually composed of water, sand and chemicals - into a shale formation to create a fracture in the rock layer and release trapped petroleum or natural gas - has used that technology to double oil output to 8.5 million barrels per day in six years.
  • Exxon: North America to be energy exporter by 2020

    12/10/2014 5:30:27 AM PST · by thackney · 9 replies
    Fuel Fix ^ | December 9 | Robert Grattan
    The world’s energy markets will change dramatically in around 2020, when North America shifts from a major energy importer to an important fuel source for the world’s middle class, according to Exxon Mobil Corp.’s annual energy forecast. The Irving, Texas-based company’s report predicted that global energy demand would by grow 35 percent through 2040, driven by 2 billion new people and the rise of an energy-hungry middle class in developing countries. The report also outlined how supply growth in North America and global efficiency gains, would be critical to meeting the future’s energy needs. Exxon’s vision of the future was...
  • Fracking Debunks Obama's 'We Can't Drill Our Way Out' Mantra

    12/04/2014 4:58:52 AM PST · by IBD editorial writer · 29 replies
    Investor's Business Daily ^ | 12/3/2014 | IBD Staff
    Just how wrongheaded can someone be about America's energy situation? Take a look at President Obama's long history of false claims about oil. If the president has a mantra, it has to be "We can't drill our way out of this problem." Any time he talks about energy, he trots out that phrase. Whatever the problem, increasing domestic oil supply is never the solution.
  • Companies announce first oil from deep-water Gulf fields

    12/02/2014 8:40:55 AM PST · by thackney · 4 replies
    Fuel Fix ^ | December 2, 2014 | Don Mason
    Oil and gas production has begun at the Jack/St. Malo project in the deep-water Gulf of Mexico, companies involved in the project announced. Chevron Corp. and Statoil said the fields are located about 25 miles apart in 7,000 feet of water 280 south of New Orleans. Chevron said the fields, discovered a decade ago, eventually will reach daily production of 94,000 barrels of oil and 21 million cubic feet of natural gas. Chevron has a 50 percent working interest in the Jack field, with Statoil and Maersk splitting the remaning half. Chevron holds a 51 percent working interest in the...
  • Russia Is Falling Into A Recession (Oil Price Crash)

    12/02/2014 6:21:33 AM PST · by blam · 14 replies
    BI ^ | 12-2-2014 | Tomas Hirst
    Tomas Hirst December 2, 2014Russia's Economy Ministry has downgraded its GDP forecast for the country in 2015 from 1.2% growth to a 0.8% contraction. In other words, the country is falling into a recession. The net amount of foreign capital expected to flow out of the country in 2014 has been revised sharply upward to $125 billion (up from $100 billion), while the projection of net outflows for next year has also been increased, to $90 billion from $50 billion. The independent Russian news agency Interfax reports Deputy Economic Development Minister Alexei Vedev as saying that the downgrade reflects the...
  • Oil prices are dropping but the fracking revolution rolls on

    11/02/2014 1:03:00 PM PST · by Jack Hydrazine · 19 replies
    Yahoo! Finance ^ | 31OCT2014 | Shawna Ohm
    $75 dollars a barrel – that’s the price crude oil would have to hit for frackers in North Dakota’s Bakken fields to feel pressure to slow new production, according to Greg Zuckerman, author of “The Frackers” and a special reporter at the Wall Street Journal. “All these guys have hedged. They’ve got production [and] they’ve already got the acreage. They’re not gonna stop but maybe they’ll kind of slow new stuff.” Fracking in other parts of the country, though, is likely to be much more resilient. In Texas’s Eagle Ford and Permian basin, Zuckerman says oil prices would have to...
  • How Russia is rousing a sleeping energy bear

    03/25/2014 4:27:22 PM PDT · by Jim Robinson · 23 replies
    The Globe And Mail (Canada) ^ | March 25, 2014 | SHAWN MCCARTHY
    Russia’s aggressiveness in Ukraine is proving a boon to North American energy producers looking for greater export opportunities. Whether for natural gas projects in the United States or for oil pipelines in Canada, the West’s confrontation with energy powerhouse Russia has refocused North American political debates – including the controversy over the proposed Keystone XL pipeline – on the need for global energy security. Russia’s aggressiveness in Ukraine is proving a boon to North American energy producers looking for greater export opportunities. Whether for natural gas projects in the United States or for oil pipelines in Canada, the West’s confrontation...
  • Obama says Russia's energy sector could be target of new sanctions

    03/26/2014 2:40:58 PM PDT · by Jim Robinson · 19 replies
    FOX News ^ | March 26, 2014
    President Obama threatened a new round of sanctions against Russia on Wednesday, this time aimed at the country’s energy sector. Obama, speaking at a news conference at the Council of the European Union, said the crisis in Ukraine underscored Europe’s need to become less dependent on Russia’s rich energy sources. He also acknowledged that additional sanctions could affect Russia’s neighboring countries but said the United States was committed to helping those nations find energy alternatives. Obama said coordination between the U.S. and Europe on economic sanctions against Russia has been excellent and warned that if Russia continues on its current...
  • The Fracking Fight Goes Way Left

    11/17/2013 10:59:43 AM PST · by Kaslin · 33 replies
    Townhall.com ^ | November 17, 2013 | Marita Noon
    The fight against hydraulic fracturing has recently ratcheted up. On November 5, one town in Ohio and three in Colorado, passed ballot measures designed to ban or temporarily halt hydraulic fracturing—the brief (3-5 day) phase, often referred to as “fracking”—that is essential to the advanced oil-and-gas extraction processes that have given America the lead in global energy production. A fourth Colorado town awaits a recount. Initial election results showed the moratorium in Broomfield, Co—failed by 13 votes. However, on November 13, after all the overseas, military, provisional and other outstanding ballots were counted, it had passed by 17 votes. A...
  • Why Sarah Palin actually matters again: Gov. is the smiley face of white backlash (Joan Walsh alert)

    06/17/2013 3:22:15 PM PDT · by 2ndDivisionVet · 29 replies
    Salon ^ | June 17, 2013 | Joan Walsh
    Sarah Palin is back! Not only did she get another Fox News contract, she was the star of Ralph Reed’s Faith and Freedom Conference this past weekend for her slashing attacks not only on President Obama and Democrats but on Republican sellouts (and 2016 hopefuls) like Jeb Bush. Watching Palin gleefully take on Bush, who made a dumb comment about needing immigration reform because immigrants are “more fertile” than native-born Americans, I realized that Palin’s star really is rising again, at a time of heightened racial insecurity on the white far-right. They need a hero, and here she is again....