Keyword: drillbabydrill
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"Climategate has rocked international news outlets like it was Watergate. If you were watching news in America you would probably just see “Scientist’s emails were hacked and spread to ruin Obama’s trip to Copenhagen!” I hate to tell the mainstream media outlets this but it is so true… Nobody is watching you."
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Russia plans to invest up to $625 billion over the next two decades to raise oil production by about 10 per cent and a further $590 billion to add at least 33 per cent to its gas output, the Energy Ministry said on Thursday. The oil and gas investment, part of a $2-trillion-plus plan to develop the Russian energy sector by 2030, also envisages Asian markets taking a much larger share of Russia's exports as the country develops resource fields in Siberia and the Far East. "This will allow the Russian energy sector to lower its risk of being dependent...
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I don't typically watch Oprah. But I won't miss Monday's interview with Sarah Palin. The appearance is supposed to be about Ms. Palin's new memoir, but a lot more will be riding on the encounter than book sales. After last year's brutal presidential campaign, Ms. Palin is now reintroducing herself to the American public. Nothing less than her future in American politics—and a possible run for the White House in 2012—hangs in the balance. Ms. Palin has two problems. The first is that she's become one of the most polarizing figures in the country. The second is that voters continue...
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All the talk in Washington is surrounding a government health insurance plan, but there’s a little discussed insurance plan in the Boxer-Kerry cap and trade bill that’s worth some attention. The Senate version of the cap and trade bill includes a section that grants the President the authority to “direct relevant federal agencies” to impose additional greenhouse gas regulations. Senators David Vitter (R-LA) and John Barrasso (R-WY) have been working assiduously to uncover the true costs of cap and trade legislation. Greenhouse gas concentrations are measured in parts per million (ppm). Many global warming alarmists believe that upper limit on...
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Tuesday night the plans of Barack Obama and the democrat/communist party took some severe blows in New Jersey and Virginia. A strong message was sent by the American people that we are not pleased with Obama’s perverted vision for America. That he and his democrat/communist party are on the wrong track. So who is the focus of White House greaseball David Axelrod? Sarah Palin! That’s right, Palin; the so-called supposed insignificant, washed up “quitter.” I mean that’s what the democrat/communists and their lap dogs in the media shout all day every day. For such an insignificant woman, Sarah sure does...
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For all that's transpired since his election as president, public opinion has not moved on the big issue, the current economy. The question a year later is how long Obama's got until it goes up, or he goes down – possibly with his party in tow. Health care reform draws a divided public response as well, with support for a variety of initiatives coupled with significant concern that they could do more harm than good. Some of Obama's best ratings lately have been in handling international affairs, contrary to questions during the 2008 campaign about his readiness for the global...
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IBD has a very important article on the fool Biden and how Governor Palin could not be more correct on US energy needs and reserves. This is the most significant security issue facing America and demonstrates why the left is so dangerous and anti-American. Leadership: As Palin jousts with Biden on energy independence, the government reports that we lead the world in energy reserves. From oil to gas to coal, we are sitting on prosperity. So why are we importing anything? One of the interesting sidelights of the NY-23 race was an exchange on energy independence between Vice President Joe...
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Leadership: As Palin jousts with Biden on energy independence, the government reports that we lead the world in energy reserves. From oil to gas to coal, we are sitting on prosperity. So why are we importing anything? One of the interesting sidelights of the NY-23 race was an exchange on energy independence between Vice President Joe Biden and the former governor of energy-rich Alaska, Sarah Palin. Biden, who came in to campaign for Democrat Bill Owens, was reminded of the issue of energy. "The fact of the matter is that Sarah Palin thinks the answer to energy was 'Drill, baby,...
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WASHINGTON – Ignoring a Republican boycott, Senate Democrats pushed a precedent-setting climate bill through a key committee Thursday. Rep. Barbara Boxer, chairman of the Senate Environment & Public Works Committee, had delayed the crucial vote for days because of a Republican protest over whether the cost of the legislation had been fully examined. But the California Democrat moved quickly to pass the bill, which for the first time would set mandatory limits on heat-trapping gases, without any of the seven GOP senators on the panel present. The measure cleared the panel on a 11-1 vote. Boxer said the Republican demand...
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As the vice president knows, I have always advocated an all-of-the-above approach to American energy independence. Among other things, my alternative energy goal for Alaska sits at 50 percent because Alaska reached more than 20 percent during my term in office. The Obama-Biden administration, on the other hand, recently announced a renewable goal of only 25 percent. However, domestic drilling should remain a top priority in order to meet America’s consumption and security needs. The vice president’s extreme opposition to domestic energy development goes all the way back to 1973 when he opposed the Alaska pipeline bill. As Ann Coulter...
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The oil platforms provide an unusual artificial reef for advanced divers.
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Ecology: The administration creates the mother of all protected habitats for a species whose numbers have increased since Al Gore's "An Inconvenient Truth." It's our hopes for energy independence that are drowning. When filmmaker Phelim McAleer, whose documentary "Not Evil Just Wrong" takes apart the myths of global warming, got to ask Gore a question at the annual conference of the Society of Environmental Journalists, McAleer brought up the nine critical errors in Gore's film "An Inconvenient Truth." A British court two years ago listed them and said they must be righted before the film could be shown in schools...
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Oil enters the marine environment from human activity and natural seeps. A National Academy of Science study recently estimated that about 47 percent of the oil entering the marine environment is a result of natural seepage from subsurface reservoirs. The Gulf of Mexico is an area where such natural seepage occurs at a very high rate. Of the 200,000 metric tons of oil seepage that is thought to occur each year, about 150,000 metric tons escapes from the floor of the Gulf of Mexico.
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The government is, increasingly, the enemy. Imagine the jobs, the wealth, the independence, and cutting the jihad snake off at the head. There is no downside. We could easily extract that oil with minimum impact to the trees. ..... For decades, Democrats have blocked efforts to responsibly develop this nation's energy resources, transforming vast areas of opportunity into "The No Zone." (hat tip Jim)
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Energy: That an Alaskan senator-elect wants to drill in ANWR is not a surprise. That he's a Democrat is. Were high oil prices what helped push Detroit over the edge?There were many reasons for the collapse of the domestic auto industry. We have mentioned the high labor costs and bloated union contracts. Others have blamed the manufacture of cars and SUVs no one wanted to buy. We'd also point out that, thanks to OPEC and Congress, fewer people could afford to buy them even if they wanted to. Detroit didn't die just because corporate CEOs had a penchant for private...
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The British newspaper The Independent reported today that Gulf oil producers were negotiating with Russia, China, Japan and France to replace the dollar in pricing oil with a basket of currencies.[1] According to the Wall Street Journal, Arab oil officials have denied the story, but even the possibility of such a talk weakens the dollar and renews fears about its continued viability as an international reserve currency.[2] In fact, today a United Nations official called for a new global reserve currency to replace the dollar and end our “privilege” to run up huge deficits.[3] We can see the effect of...
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A call to drill for oil and natural gas in the narrow strip of Florida-controlled waters in the Gulf of Mexico will be the subject of a forum late this month at Florida State University. Rep. Dean Cannon, R-Winter Park, wants the Legislature to lift the ban on offshore rigs in state waters and give the Cabinet authority to consider drilling applications. Cannon’s proposal came as a surprise earlier this year -- it died in the waning days of the legislative session -- and he’s now waging a campaign to win support for a drilling bill he plans to file...
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Energy: An amazing number of oil finds have been made this year, including the biggest in California in 35 years. If the world is running out of oil, why do we keep finding more of it? The mantra of the anti-drilling crowd has been that oil companies like to sit on their leases and the oil in the ground, hoping to drive up the price. They should use the leases they have or lose them, these critics say. They also like to add that the world is running out of oil so it doesn't matter anyway. Occidental Petroleum hasn't been...
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Energy: An amazing number of oil finds have been made this year, including the biggest in California in 35 years. If the world is running out of oil, why do we keep finding more of it? The mantra of the anti-drilling crowd has been that oil companies like to sit on their leases and the oil in the ground, hoping to drive up the price. They should use the leases they have or lose them, these critics say. They also like to add that the world is running out of oil so it doesn't matter anyway. Occidental Petroleum hasn't been...
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In 1960, a handful of resource-rich Third World nations, tired of being shoved around by the giant oil companies, met in Baghdad to discuss their mutual problems. Attending were Saudi Arabia, Iran, Iraq, Kuwait, and Venezuela. They decided to form a group they named the Organization of Petroleum Exporting Countries -- "OPEC." At the time, the idea that a handful of poor countries could stand up to the "Seven Sisters" (Esso, Mobil, Shell, Gulf, BP, Chevron and Texaco) -- let alone their patrons, the United States and Europe -- seemed like a fantasy. Certainly oil lay within their borders but...
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Well, today in New York with his speech that actually was unremarkable in its genus except that it comes from a head of an erstwhile serious nation, President Obama continued his tour of singling out his own country, the greatest force for good the world has ever known, today implicitly pinning on us the global warming industry's hysterical claims of apocalypse. This set the tone for the UN's climate talks this week and related discussions at the G-20 in Pittsburgh. But it's got me wondering. The world's fourth-largest economy (way back behind #s 1 and 2) in the largest emitter...
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Researchers at KTH have been able to prove that the fossils of animals and plants are not necessary to generate raw oil and natural gas. This result is extremely radical as it means that it will be much easier to find these energy sources and that they may be located all over the world. “With the help of our research we even know where oil could be found in Sweden!” says Vladimir Kutcherov, Professor at the KTH Department of Energy Technology in Stockholm. Together with two research colleagues, Professor Kutcherov has simulated the process of pressure and heat that occurs...
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Energy Policy: Ignoring peak-oil Cassandras, BP has made another giant oil find in the Gulf of Mexico. We're not running out of oil. Our government just doesn't want us to look for it.The world is running out of oil and good riddance. That's the environmentalists' mantra. But since the first well was drilled near Titusville, Pa., 150 years ago, the prophecy has gone unfulfilled. Trouble is, those darn greedy oil companies keep finding the stuff. Oil has been produced in the Gulf of Mexico since the first well was drilled by Kerr-McGee Corp. in 1947. Some of the wells are...
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U.S. crude oil production is expected to rise this year for the first time in nearly two decades, buoyed mostly by new offshore projects in the Gulf of Mexico but also getting a boost from a so-far quiet Atlantic hurricane season. Last year, hurricanes Ike and Gustav forced oil and gas companies to shut down wells and evacuate workers from offshore facilities, resulting in 63 million barrels of lost oil production. This year, the government predicts only 3.4 million barrels of outages due to Gulf storms, although hurricane season is still far from over. U.S. oil output is benefiting from...
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Energy: We balk at importing "dirty" oil from Canada, but others aren't so reluctant. Exempt as a "developing" nation from Kyoto-like agreements, China has decided to help Canada develop its energy-rich oil sands.The Financial Post reports that PetroChina International Investment Co. has struck a deal to buy a 60% interest in Athabasca Oil Sands Corp.'s McKay River and Dover projects for $1.9 billion. China has been establishing energy beachheads around the world in its quest to keep its growing economy fueled. With possible conflict brewing between Israel and Iran, Beijing recognizes the need for reliable suppliers like Canada in an...
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Energy Policy: A new study shows that Waxman-Markey will increase prices at the pump, deepen our dependence on foreign oil and shred our ability to turn crude into gasoline. Even fuel-efficient cars will still need fuel.Oil may bubble up out of the ground, but gasoline does not. It's made in those ugly little NIMBY places called refineries we are loath to build anymore because we're too busy trying to save the Earth rather than our economy and American jobs. When Hurricane Katrina shut down 20% of our refining capacity in a single day and raised gas prices in a single...
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President Obama has opposed any expanded oil drilling off American shores largely on environmental grounds, turning a deaf ear to conservative cries of "Drill, Baby, Drill." But now Obama may start hearing cries of "foul" after the U.S. Export-Import Bank promised Petrobras, Brazil's state-owned oil company, $2 billion in loan guarantees to help finance lucrative drilling off the shores of Rio De Janeiro. Some see a contradiction in an executive branch agency, independent but with board members appointed by the president, facilitating abroad the very kind of energy exploration Obama opposes domestically.
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Energy Policy: New York's governor wants to tap into a shale formation that can supply the entire U.S. with natural gas for 65 years. Will NIMBY environmentalists let him stimulate New York's and America's energy economy? Last week, David Patterson released a draft report of his Energy Planning Board that does something Democrats are loath to do: It proposes developing a domestic energy resource — the huge amounts of natural gas trapped in the Marcellus Shale formation. New York produces 5% of its natural gas in-state and imports more than 95% from the Gulf Coast and Canada. The Marcellus Shale...
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Major new offshore drilling for oil and natural gas in the Gulf of Mexico will soon be a reality. The big question is whether Americans will be part of it. Brazil, China, India, Norway, Spain and Russia have all signed agreements with Cuba and the Bahamas to initiate exploration and production in the Gulf of Mexico within the next two years. So the prospect of seeing Russian oil rigs 45 miles off the Florida Keys -- where American oil companies are now forbidden to drill -- is a very real possibility.
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YOUR TAX DOLLARS HARD AT WORK: FIRST CARS, NOW FOREIGN OIL.Share Yesterday at 3:10am Today's Wall Street Journal contains some puzzling news for all Americans who are impacted by high energy prices and who share the goal of moving us toward energy independence. For years, states rich with an abundance of oil and natural gas have been begging Washington, DC politicians for the right to develop their own natural resources on federal lands and off shore. Such development would mean good paying jobs here in the United States (with health benefits) and the resulting royalties and taxes would provide money...
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Sarah Palin keeps hitting... Sarah Palin pummeled Team Obama over the news yesterday that the government will fund Brazilian offshore oil development and research but deny US companies access to oil deposits off our own shores. From her Facebook page, via Free Republic: YOUR TAX DOLLARS HARD AT WORK: FIRST CARS, NOW FOREIGN OIL. Today's Wall Street Journal contains some puzzling news for all Americans who are impacted by high energy prices and who share the goal of moving us toward energy independence. For years, states rich with an abundance of oil and natural gas have been begging Washington, DC...
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Energy Policy: New York's governor wants to tap into a shale formation that can supply the entire U.S. with natural gas for 65 years. Will NIMBY environmentalists let him stimulate New York's and America's energy economy?Last week, David Patterson released a draft report of his Energy Planning Board that does something Democrats are loath to do: It proposes developing a domestic energy resource — the huge amounts of natural gas trapped in the Marcellus Shale formation. New York produces 5% of its natural gas in-state and imports more than 95% from the Gulf Coast and Canada. The Marcellus Shale stretches...
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Stimulus: Brazil, a leader in the use of biofuels such as ethanol and in the face of falling oil prices, still plans to spend huge sums to expand its offshore oil resources. Drilling rigs are infrastructure too.With oil prices scraping the bottom of the barrel, pun intended, there wouldn't appear to be much incentive to pursue the development of new oil resources. And in tough economic times worldwide, the necessary investment required would appear to be prohibitive. As the U.S. seeks to get its economy going by building roads, bridges and bicycle paths, Brazil has decided to create jobs and...
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Energy: As Russian attack submarines patrol our eastern seaboard, Moscow signs a deal to help Castro's Cuba drill for oil off the Florida coast. In Moscow and Havana, the cry is "Drill, Comrade, Drill!"Two Russian nuclear attack submarines have taken up positions along our East Coast in recent days, another sign of renewed assertiveness by the former communist giant. The move comes as Moscow inks a deal with the communist relic of Cuba to drill for oil we refuse to go after. The submarines are of the Akula class, a counterpart to the Los Angeles class attack subs of the...
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As Palin pointed out to Salazar, the USGS assessment "estimates that Arctic Alaska has mean technically recoverable resources of approximately 30 billion barrels of oil, 6 billion barrels of natural gas liquids and 221 trillion cubic feet of conventional natural gas."
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Energy Policy: The chief economist of the International Energy Agency says the world is running out of oil. We've been told that for the last 150 years. The only thing we're running out of is the will to drill.Ever since the first oil well was drilled in Titusville, Pa., in 1859, experts have been predicting we would soon run out of oil. The latest is Dr. Fatih Birol, chief economist for the International Energy Agency in Paris, whose job it is to assess future energy supplies by OECD countries. In an interview with the Independent, Dr. Birol says that based...
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Energy: New drilling techniques may open up a 14-year supply of natural gas trapped in porous rock in the Northeast. That is, if environmentalists in New York and elsewhere don't keep it trapped in the ground.Natural gas is the cleanest of the fossil fuels, so clean that it is a key part of oilman T. Boone Pickens' plan to wean us off foreign sources of energy. Natural gas can fuel a new generation of automobiles that would help us achieve energy independence and at the same time contribute to a cleaner planet. In the northeastern U.S., there is a massive...
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Energy Policy: Obama announces his energy team without mentioning a green source of renewable energy that could create jobs, reduce carbon emissions and reinvigorate a vital manufacturing sector — nuclear power.The domestic auto industry isn't the only uncompetitive industry that seems to require life-sustaining transfusions of government cash to stay in business. Alternative energy sources have relied on such subsidies, called "investments," for years. Yet in President-elect Obama's announcement of his energy team, we were told "the foundations of our energy independence" lie in "the power of wind and solar." Except that for these alternative sources there's been a severe...
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Energy: With a media wind at his back, Barack Obama regularly gets away with false and distorted statements. He repeated one Tuesday that seems superficially plausible but should not go unchallenged.ust as he said during the Sept. 26 University of Mississippi debate with John McCain, the Illinois Democrat claimed during the Nashville town hall setting that "we have 3% of the world's oil reserves and we use 25% of the world's oil. So what that means is that we can't simply drill our way out of the problem." It's disappointing that McCain failed to call out Obama on his figures,...
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(snip) ...there is a national security interest in energy, and it will behoove us to eliminate our current practice of handing over our energy security and hard-earned money to dictators and thugs worldwide for oil and gas. Most of us in the real world, however, see that the alternative does not have to destroy our economy further, as the ill-advised American Clean Energy and Security Act would do. The United States has the largest reserves of oil, gas and coal in the world, and more expertise in creating clean energy out of those fuels than any other country. We could...
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It's one of the few times one can wish the reporting by NBC News was right and CNBC was wrong. A segment on the July 21 "NBC Nightly News" pointed out some of the key points of a budget deal reached between California Gov. Arnold Schwarzenegger and leaders of the state legislature. The deal means some service cuts - but also includes the possibility of exploration and drilling for oil off the California coast. ..more (w/video)..
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Great IBD Editorial Regarding My "Cap and Tax" Article Yesterday at 7:20pm The political death of Sarah Palin has been greatly exaggerated. In a devastating op-ed in the Washington Post, Alaska's governor exposes the cap-and-tax fraud that has nothing to do with earth's temperature and everything to do with government control of the economy. She also exposes the stealth socialism ambitions of the Democratic left and once again points out the availability of abundant "shovel-ready" resources under America's soil, off America's shores and even in America's rocks. Judging from the reaction from Sen. Kerry and the political arm of George...
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Palin Vs. Kerry (And MoveOn.org) By INVESTOR'S BUSINESS DAILY | Posted Wednesday, July 15, 2009 4:20 PM The political death of Sarah Palin has been greatly exaggerated. In a devastating op-ed in the Washington Post, Alaska's governor exposes the cap-and-tax fraud that has nothing to do with earth's temperature and everything to do with government control of the economy. She also exposes the stealth socialism ambitions of the Democratic left and once again points out the availability of abundant "shovel-ready" resources under America's soil, off America's shores and even in America's rocks. Judging from the reaction from Sen. Kerry and...
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Politics: John Kerry, replying to an op-ed Sarah Palin wrote on cap-and-trade, suggests the Alaska governor "check the view from her front porch." What she sees from there, senator, is energy wealth going to waste.The political death of Sarah Palin has been greatly exaggerated. In a devastating op-ed in the Washington Post, Alaska's governor exposes the cap-and-tax fraud that has nothing to do with earth's temperature and everything to do with government control of the economy. She also exposes the stealth socialism ambitions of the Democratic left and once again points out the availability of abundant "shovel-ready" resources under America's...
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The push for conversion to plug-in electric cars will do nothing to stop carbon emissions, a report by the GAO warns, throwing cold water on a push by Democrats to get more plug-ins on the road. In fact, the problem could be made worse as demand goes up at coal-fired electrical plants. Plus, the need for batteries may just have the US changing the dictators to which we’re chained, as IBD reports...
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July 07, 2009, 4:00 a.m. I Still Hate You, Sarah PalinThe Republicans bring a knife to a gunfight, and lose again. By David Kahane One of the most terrifying moments of my political life came last summer at the Republican convention in St. Paul. No, I don’t mean seeing John McCain careering around the Xcel Energy Center like Eyegore in Young Frankenstein, his face frozen in a Lon Chaney Sr. rictus grin as he reached across the aisle to his erstwhile friends in the media and got his hand bitten off. Rather, I’m referring to the aftermath of Sarah...
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Energy: Will oil hit $250 a barrel? The Russians think so, as crude prices climb to an eight-month high. Meantime, House Republicans advance a plan to help the administration keep a domestic energy promise.The cost of July deliveries of crude bounced over $73 Thursday as the American Petroleum Institute reported shrinking U.S. inventories as the dollar weakens against the euro. Alexei Miller, chairman of the Russian energy giant Gazprom, is repeating his prediction of a year ago that oil may eventually reach the $250 mark.
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Regulation: Ignoring the first rule of holes, a bankrupt state passing out IOUs welcomes an EPA waiver allowing it to further kill its economy. Too bad the state can't stop the air pollution imported from a growing China. The U.S. Environmental Protection Agency on Tuesday granted California its long-standing request — denied by the Bush administration — for a waiver to allow it to impose even more stringent air pollution rules than currently required by the federal government.The way is now clear for implementation of a 2002 state law requiring new cars to increase their fuel economy 40% by 2016....
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Energy: While members of Congress take vacations their constituents can no longer afford, a country prepares to end its dependence on foreign oil by extracting supplies from shale rock. It's not the U.S. It's in the Middle East.Jordan imports 95% of its oil. Unlike the U.S., the desert kingdom plans on doing something about it. It does not, however, plan to cover its flat open spaces with solar panels or wind farms. It's going to do something the Democratic Congress has refused to do — get oil from its abundant shale rock. On Sunday, Maher Hjazin, head of the Jordanian...
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Climate Change: A switch of four Republican votes would have defeated Waxman-Markey, the Democrats' global warming legislation. But like the Clinton Btu tax, the bill could die in the Senate and turn the House over to the GOP. What were these RINOs thinking? The GOP is supposed to be the party of low taxes and free markets. Rep. Mike Castle, one of the eight offered an explanation right off of President Obama's teleprompter...Illinois Republican Mark Kirk, who has senatorial ambitions to replace the choice of impeached former Gov. Rod Blagojevich, Sen. Roland Burris, demonstrates why GOP fortunes in the Land...
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