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Keyword: drillheredrillnow

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  • Gas prices take bigger bite of Americans' income [Highest in THREE DECADES!]

    02/05/2013 6:27:18 AM PST · by SoFloFreeper · 43 replies
    CNN ^ | 2/4/13 | Emily Jane Fox
    Americans are pumping about 4% of their incomes into buying gasoline, according to a government report. The Energy Department said on Monday that U.S. households spent an average of $2,912 on gasoline last year, the highest level in four years. The percentage reached similar levels in 2008, when a red-hot global economy and panic over dwindling supplies sent gas prices through the roof. But before then, the percentage hadn't reached these levels in nearly three decades.
  • They’re Running TV Spots For Matt Damon’s Anti-Fracking Movie Now…

    12/21/2012 1:03:03 PM PST · by LSUfan · 34 replies
    The Hayride ^ | 18 Dec 12 | MacAoidh
    …it opens next month. It’s a propaganda film, and it’s pure BS. There is no evidence that hydraulic fracturing causes farmland to become unproductive the way it’s depicted in Promised Land. We’ve been fracking for 60 years in this country and if fracking destroyed farmland we would know about it. We don’t know that. But what we do know is that the financing of Damon’s anti-fracking propaganda film comes from the United Arab Emirates. As in, an Arab OPEC nation. Whose interests are significantly damaged by the kind of full-scale domestic U.S. oil and gas production fracking holds the key...
  • President Obama’s Taxpayer-Backed Green Energy Failures(List)

    10/18/2012 3:24:33 PM PDT · by mojito · 18 replies
    Heritage Foundation ^ | 10/18/2012 | Ashe Schow
    ....So far, 36 companies that have received federal support from taxpayers have either gone bankrupt or are laying off workers and are heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher. The complete list of faltering or bankrupt green-energy companies:...
  • Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy

    10/17/2012 12:32:23 PM PDT · by Sub-Driver · 108 replies
    Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy by Ben Shapiro 17 Oct 2012, 11:48 AM PDT Last night, President Barack Obama dropped the biggest campaign gaffe of the season – only the media wasn’t watching. It happened during his testy exchange with Mitt Romney over gas prices. First, Obama denied that he’d done anything about denying licenses on oil and gas; he backed off of that shortly. Then he denied that production on federal land was down; he was lying. Finally, Romney hit him with this devastating line: The proof of whether a strategy is working or not...
  • Gas Prices Doubled, Obama Locks Up Alaska's National Petroleum Reserve

    10/17/2012 11:07:58 AM PDT · by raptor22 · 4 replies
    Energy Policy: As the administration fast-tracks solar projects on public lands, it has locked up more than half of the National Petroleum Reserve in Alaska, preferring to continue outsourcing energy jobs and dollars. The price of gasoline, which was $1.84 a gallon the day President Obama took office, has more than doubled since, willfully aided and abetted by an administration that claims we can't drill our way to energy independence as we ignore vast reserves of North American energy that dwarf OPEC's and we sit on 100 years' supply of petroleum. Few Americans have heard of the National Petroleum Reserve-Alaska...
  • With Gas Prices at Record Levels Obama Cuts Off Drilling

    10/15/2012 10:02:13 AM PDT · by radioone · 11 replies
    Gateway Pundit ^ | 10-15-12 | Jim Hoft
    Gas prices have more than doubled since Barack Obama took over the White House. But that didn’t stop him from cutting off drilling in August in half of Alaska’s National Petroleum Reserve. The Obama Administration planned for higher gas prices and fewer jobs through their many job-killing decisions. The Wall Street Journal reported, via FOX Nation: President Obama is campaigning as a champion of the oil and gas boom he’s had nothing to do with, and even as his regulators try to stifle it. The latest example is the Interior Department’s little-noticed August decision to close off from drilling nearly...
  • Social engineering is working in California gas market

    10/08/2012 6:56:53 AM PDT · by SeekAndFind · 14 replies
    American Thinker ^ | 10/08/2012 | Thomas Lifson
    One of the great priorities of the left is to get Americans out of their cars and onto public transportation. When the masses no longer have access to cars, it clears the streets for the limos of the nomenklatura, just as it did in the old USSR, and still does in North Korea. The best way to accomplish this goal is to push up gasoline prices. Energy Secretary Steven Chu famously hoped that energy prices would double, and President Obama also admitted to wanting energy prices to rise, just not too quickly, lest the frog catch on the water is...
  • $4 gas: Get used to it (Under Obama)

    10/05/2012 9:49:41 AM PDT · by BradtotheBone · 33 replies
    Cnn Money ^ | October 5, 2012: 5:00 AM ET
    FORTUNE -- President Obama may have a lot more to worry about than bombing the debate this week. Traders are starting to get particularly bullish over gasoline prices – and that is bad news for the average driver, who may also be looking to vent his spleen at the voting booth. Reports of gas shortages along the high-demand west and east coasts may be fleeting – although deeply concerning – but they highlight a problem that's expected to persist in the U.S.: our refineries are getting old. Given that a new refinery has not been built since 1976, commodities desks...
  • Gas Prices Are Exploding In California And Experts Expect Them To Get A Lot Worse

    10/04/2012 6:41:20 PM PDT · by tobyhill · 80 replies
    Business Insider ^ | 10/4/2012 | Gary Richards
    When Errol Emrich drove by a Shell station in his San Jose neighborhood last weekend, regular gas was selling for $4.05 a gallon. On Monday, it was $4.15. On Tuesday, $4.25. And this weekend? Analysts say it could reach a whopping $4.40. Problems at California refineries have slashed supplies across the state, cutting fuel production and raising wholesale prices -- the price stations pay for their gasoline -- by as much as 73 cents, to levels not seen since 2007. And that almost certainly will boost prices at the pump again soon. "California gasoline prices may surge in the next...
  • Wholesale Gasoline Shortage In California Causes Gas Stations To Shut Down: Hoarding Next?

    10/04/2012 12:07:55 PM PDT · by Kartographer · 34 replies
    Zero Hedge ^ | 10/4/12 | Tyler Durden
    "The squeeze is on, and people are doing desperate things," is how one independent described the situation in California. As Bloomberg reports, a shortage of supply along with drastically higher wholesale prices of gasoline has caused 'mom-and-pop' gas stations to close down as their margins are destroyed. Even larger firms, such as CostCo, are closing sites due to the shortages as Los Angeles and San Francisco gas prices jump 30-45c in a few days. As one owner noted: "I can get gas, but it’s going to cost me $4.90 a gallon, and I can’t sell it here for $5," and...
  • Gas spike hits drivers (Obama's fault)

    09/12/2012 4:06:06 PM PDT · by tobyhill · 39 replies
    CNN Money ^ | 9/12/2012 | Chris Isidore
    As the summer driving season comes to an end, motorists who were hoping gas prices would fall are instead getting hit with a big jump, especially in the Northeast. The average price of a gallon of regular gas increased 1.5 cents nationally for the second straight day, taking it to $3.86 in AAA's latest reading Wednesday. The back-to-back price moves follow what had been a lull in gas price activity after an August run-up in prices caused by Gulf Coast refinery disruptions as Hurricane Isaac approached. Prices had been expected to retreat quickly once the Gulf region's facilities came back...
  • Saudi Arabia will cease to be an oil exporter by 2030

    09/05/2012 7:36:45 AM PDT · by Cronos · 57 replies
    The Telegraph ^ | 5 September 2012 | Ambrose Evans-Pritchard
    If Citigroup is right, Saudi Arabia will cease to be an oil exporter by 2030, far sooner than previously thought. A 150-page report by Heidy Rehman on the Saudi petrochemical industry should be sober reading for those who think that shale oil and gas have solved our global energy crunch. ..The basic point – common to other Gulf oil producers – is that Saudi local consumption is rocketing. Residential use makes up 50pc of demand, and over two thirds of that is air-conditioning. The Saudis also consume 250 litres per day of water – the world's third highest (which blows...
  • Romney sets goal of energy independence by 2020

    08/23/2012 6:47:59 AM PDT · by MulberryDraw · 18 replies
    CNNMoney/Yahoo ^ | August 23, 2012 | Steve Hargreaves
    The campaign for presumed Republican presidential nominee Mitt Romney laid out a plan Wednesday for America to be energy independent by 2020. On an embargoed conference call with reporters, Romney staffers touched on familiar themes they said would wean the country off imported oil and spark an economic boom at home. Namely, they called for fewer regulations and more drilling. The staffers pointed to the revolution in drilling technology in recent years that's unlocked an energy boom in this country, and contrasted that with President Obama's support for renewable energy, which they said has failed to pay off. "There's incredible...
  • Romney energy plan aims to expand drilling on federal land

    08/22/2012 9:15:03 PM PDT · by NormsRevenge · 19 replies
    Yahoo! News ^ | 8/22/12 | Holly Bailey - the Ticket
    In what his campaign is billing as a major policy speech, Mitt Romney will unveil an energy plan Thursday that would give states the power to determine whether drilling should occur on federal lands within their borders as part of a larger effort to increase domestic oil production and achieve energy independence. Under current law, the federal government controls oil and gas permits for federal lands. But in a speech at an oilfield services company in Hobbs. N.M., Romney will argue that determination should be up to state officials, insisting individual states are in a better position to "develop, adopt...
  • Gas Prices Set to Rise for Rest of 2012?

    08/13/2012 4:20:13 PM PDT · by Hojczyk · 64 replies
    CNBC ^ | August 7,2012 | Sharon Epperson
    Gasoline and oil futures surged Tuesday to the highest prices since May, as traders predicted the damage from a fire at California's third largest refinery could take months to repair. The lowest retail gasoline prices of the year may already be behind us, some traders say, especially in light of this incident as well as refinery issues around the U.S. and across the Atlantic in the North Sea. September RBOB gasoline futures briefly topped $3 a gallon Tuesday, and settled just shy of that mark, near a 3-month high. The more than 2 percent gain in gasoline futures sparked big...
  • The Romney/Ryan alternative energy plan

    08/13/2012 2:25:55 PM PDT · by Ernest_at_the_Beach · 4 replies
    Hot Air ^ | posted at 3:21 pm on August 13, 2012 | Erika Johnsen
    President Obama unveiled his ostensible “all of the above” energy plan earlier this year, but after gas prices peaked in April and then started to calm back down, domestic energy production also became more of a back-burner issue on the presidential campaign trail (who has time for energy when we’ve got hiking taxes on the wealthy and Mitt Romney’s tax returns to talk about, right?). Barring President Obama’s standard thrown-in support for continued federal subsidies for renewable energies, the issue hasn’t been front-and-center of late, but I’d bet good money Team Obama will make another big “all of the above”-ish...
  • Students rushing to careers in petroleum industry

    08/06/2012 4:42:48 AM PDT · by Cincinatus' Wife · 26 replies
    San Antonio Express News ^ | August 6, 2012 | Vicki Vaughan
    Just three years ago, petroleum engineering wasn't an especially hot major for college students looking to enter a field with plentiful jobs. How things have changed. Today, the oil patch and active drilling in the Eagle Ford Shale is convincing more students that a job in the energy field is the way to go, experts said. A recent study of 60,000 college students, including 2,400 in Texas, by Universum, a Stockholm-based company, found that students view jobs at oil and gas companies as much more desirable than even a year ago. Top salaries paid by energy companies are making energy...
  • Energy Department sneaks offshore moratorium past public

    07/10/2012 11:40:19 AM PDT · by listenhillary · 39 replies
    Washington Times ^ | July 9, 2012 | Thomas J. Pyle
    While the Obama administration was taking a victory lap last week after the 5-4 Supreme Court decision to uphold the president’s signature legislative accomplishment, Obamacare, the Interior Department was using the media black hole to release a much-awaited five-year plan for offshore drilling. That plan reinstitutes a 30-year moratorium on offshore energy exploration that will keep our most promising resources locked away until long after President Obama begins plans for his presidential library. (snip) In the past three years, the government has collected more than 250 times less revenue from offshore lease sales than it did during the last year...
  • GAO To Obama: More Oil Than Rest Of The World

    05/14/2012 7:09:16 PM PDT · by Colonel Kangaroo · 19 replies
    Investor's Business Daily ^ | May 14, 2012 | IBD Editorial
    Energy: The Government Accountability Office tells Congress the Green River Formation out West contains an "amount about equal to the entire world's proven oil reserves." So why are we keeping it locked up on federal lands? Exploding the Big Lie pushed by President Obama that we can't drill our way out of high gas prices because we have but 2% of the world's proven oil reserves, Anu Mittal, GAO director of natural resources and environment, testified before Congress last week that just one small part of the U.S. is capable of outproducing the rest of the planet. That small part...
  • Democrats blaming Bush for gas prices (4/26/2006. Who's to blame now Rats and MSM?)

    04/17/2012 8:58:24 AM PDT · by tobyhill · 8 replies
    washington times ^ | 4/26/2006 | staff
    Democrats on Capitol Hill slammed the Bush administration yesterday over the escalating cost of gasoline as Republican leaders asked the White House to investigate charges of price gouging by the major oil companies. “The same Bush administration that so tragically bungled the response to Hurricanes Katrina and Rita has now bungled its way to $3-per-gallon gasoline,” Sen. Ron Wyden, Oregon Democrat, said yesterday. “Now it’s clear to anyone who fills up at a gas pump that this administration is also failing in its approach to energy.”
  • Dropping Fossil Fuels For Green Energy Would Be Foolish

    04/16/2012 3:59:38 PM PDT · by Oldeconomybuyer · 1 replies
    Investors.com ^ | April 16, 2012 | Editorial
    Barack Obama has been promising a green future since before he was president. While we might one day be powered by renewable energy, there's no reason to rush it. Fossil fuels are still abundant, reliable and cheap. Roughly 85% of our domestic energy is provided by fossil fuels. They generate more than 96% of the energy used in transportation and about 67% of the electricity we consume. Despite promises and commands from the Obama administration — the president pledged in 2009 to cut oil consumption 35% by 2030, for instance — these ratios aren't going to change much in coming...
  • Our media won’t say it but Canada is really going to sell oil to China Obama wins and we lose

    04/06/2012 7:37:16 AM PDT · by jmaroneps37 · 12 replies
    coachisright.com ^ | April 6, 2012 | Kevin "Coach" Collins
    Pushed by Barack Obama’s naked attempts to destroy our economy Canadian Prime Minister Stephen Harper has made up his mind: he will look west to China when he is ready to sell his nation’s crude oil. Barack Obama has won this round to destroy America’s economy and we have lost. Anyone who thought this dangerous game of chicken would end in our closest neighbor and one of our strongest allies knuckling under and waiting until Obama was finished using our lives to squeeze more campaign funds from the far Left has been proved wrong. This is really going to happen....
  • Gas numbers game is a loser for Obama (A majority rightfully blame Obama)

    04/05/2012 3:51:31 AM PDT · by tobyhill · 15 replies
    washington times ^ | 4/4/2012 | By Dave Boyer
    President Obama’s poll numbers are up and the country’s unemployment figures are down — but $4 gas poses a potent threat to the incumbent’s re-election bid, polls show. Voters are giving Mr. Obama an emphatic thumbs down for his handling of gas prices — 68 percent disapprove of his response to the problem in the latest Reuters/Ipsos poll. The White House and Mr. Obama’s re-election team are acutely aware of the political danger. The president has given seven speeches in March alone on energy and gas prices in an attempt to convince the public that there is no “silver bullet”...
  • Obama Kills Atlantic Offshore Drilling For Five Years

    03/30/2012 1:27:16 PM PDT · by trappedincanuckistan · 87 replies
    Big Government ^ | March 30, 2012 | John Sexton
    Yesterday the Obama administration announced a delaying tactic which will put off the possibility of new offshore oil drilling on the Atlantic coast for at least five years: The announcement by the Interior Department sets into motion what will be at least a five year environmental survey to determine whether and where oil production might occur.
  • Real American Energy Could Create Real American Jobs

    03/29/2012 6:03:59 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | March 29, 2012 | Joe 'The Plumber' Wurzelbacher
    President Obama supports job creation, economic growth and revenue generation – except when he doesn’t. Official announcements from his Labor Department reported that the nation’s February unemployment rate is still 8.3 percent. That’s a decent decline from previous months. But the reality is far worse. Most of that job growth was in business and professional services, and half was temporary. Millions of Americans are working part-time or multiple low-wage jobs to make ends meet. Overall, 23.5 million are out of work or underemployed. Factor all that in, and the real unemployment rate is 14.9%, according to University of Maryland...
  • Rising Gas Prices Take Toll On American Families

    03/29/2012 6:13:40 AM PDT · by radioone · 4 replies
    Investors Business Daily ^ | 3-27-12 | JACK RAFUSE
    With elections less than eight months away, rising prices at the pump are threatening to derail a tenuous economic recovery. And President Obama, to mitigate political fallout, embarked this month on a four-state swing to promote his "all of the above" energy strategy, a broadly supported approach to increasing domestic development of natural gas, solar, wind, hydro, nuclear and yes, oil. But if the president has begun to or at least talk about some moderate sensibilities on domestic energy production, he hasn't changed a bit on tax policy. Every policy and campaign speech the president has given since taking office,...
  • Groups Sue Solar Project to Protect Imperiled Wildlife and Wild Lands [so much for solar]

    03/27/2012 4:28:37 PM PDT · by SJackson · 9 replies
    Infozine ^ | March 27, 2012
    Calico Developers Reject Relocation, Choosing Pristine Wild Lands Over Degraded Sites Sacramento, CA - The proposed California-based Calico solar project fails to meet basic environmental protection requirements and threatens imperiled wildlife, according to Defenders of Wildlife, the Natural Resources Defense Council and the Sierra Club. The groups are filing a lawsuit against the U.S. Department of the Interior after failing to reach agreement with the developers and the Bureau of Land Management and the U.S. Fish and Wildlife Service to move the project to a location without major environmental conflicts. Over the course of three years, the environmental groups met...
  • AP BS: US Drilling Doesn't Drop Gas Prices

    03/22/2012 2:27:00 PM PDT · by Kaslin · 29 replies
    Rush Limbaugh.com ^ | March 22, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: This is why I have been saying it: More drilling doesn't cut gas price. It's story. And it's a fact-check from the AP. AP's done a fact-check story: "More US drilling didn't drop gas price -- It's the political cure-all for high gas prices: Drill here, drill now. But more U.S. drilling has not changed how deeply the gas pump drills into your wallet, math and history show. A statistical analysis of 36 years of monthly, inflation-adjusted gasoline prices and U.S. domestic oil production by The Associated Press shows no statistical correlation between how much oil comes...
  • FACT CHECK: More US drilling didn't drop gas price

    03/21/2012 2:29:23 PM PDT · by Dacula · 92 replies
    The Associated Press ^ | 3:06 p.m. Wednesday, March 21, 2012 | SETH BORENSTEIN
    <p>WASHINGTON — It's the political cure-all for high gas prices: Drill here, drill now. But more U.S. drilling has not changed how deeply the gas pump drills into your wallet, math and history show.</p> <p>A statistical analysis of 36 years of monthly, inflation-adjusted gasoline prices and U.S. domestic oil production by The Associated Press shows no statistical correlation between how much oil comes out of U.S. wells and the price at the pump.</p>
  • CITI: The US Energy Industry Is Going To Grow So Fast, It Will Spark A New 'Industrial Revolution'

    03/21/2012 6:49:08 AM PDT · by SeekAndFind · 20 replies
    Business Insider ^ | 03/21/2012 | Simone Foxman
    Oil and gas production in the United States and North America is going to skyrocket in the next 8 years due to strides in natural resource extraction, write Citi analysts in a report published yesterday. In fact, they went so far as to call North America "the new Middle East," at least in terms of oil production. This—as well as a trend towards declining U.S. energy consumption—will completely transform both domestic economy and the threats the U.S. will face in the future,  Indeed, Citi economists expect total liquids production to as much as double for the continent in the next...
  • President no longer worried about CO2: focus on alternative energy is economic says Obama, ....

    03/20/2012 2:19:30 PM PDT · by Ernest_at_the_Beach · 14 replies · 2+ views
    watts up with that? ^ | March 19, 2012 | Alec Rawls
    Guest post by Alec Rawls“President no longer worried about CO2!” That’s what the headlines should have read last week after Obama presented an elaborate argument that alternative energy is the only viable response to high energy prices without ever once mentioning CO2, global warming or climate change. Instead, he presented the need to lessen our reliance on oil purely as an economic imperative.Back when he thought that global warming was a winning concern Obama used to acknowledge that his anti-CO2 policies were going to cause high energy prices (forcing them to “necessarily skyrocket“). Now he is trying to use the...
  • 76 percent of voters think higher energy taxes could equal higher pump prices

    03/20/2012 9:37:14 AM PDT · by thackney · 16 replies
    American Petroleum Institute ^ | March 20, 2012 | Sabrina Fang
    Seventy-six percent of voters nationwide believe that raising taxes on the energy industry could cost them more at the gas station. The overwhelming sentiment was echoed across political, gender, age, racial, income, educational and ideological lines according to a new “What America is Thinking on Energy Issues” poll released today. “Voters understand that raising taxes is not a solution for high gasoline prices,” said API President and CEO Jack Gerard. “We should instead be encouraging more safe and responsible domestic energy production to help bring more crude oil to American consumers. A true all-of-the-above energy strategy would include greater access...
  • America's hope that Obama is determined to change [his vision is not in our best interest]

    03/20/2012 9:04:43 AM PDT · by Cincinatus' Wife · 12 replies · 1+ views
    The Washington Examiner ^ | March 20, 2012 | Janine Turner
    Newt Gingrich has found a new avenue of influence – the gas station. His campaign stop at a local gas station, holding the gas pump in his hand, decrying the lack of “algae energy” was brilliant. He is correct. There is currently no algae energy available for America’s massive demand and thanks to President Obama, there is no fossil fuel plan, either. He stifles coal. He stifles oil. He stifles natural gas. Fossil fuel production on federal lands is at a nine-year low. His Secretary of Energy, Steven Chu, wants gas prices to reach $8.00 a gallon, a la Europe,...
  • President Obama’s Top Five Energy Whoppers

    03/19/2012 2:30:26 PM PDT · by Marguerite · 13 replies
    newt.org ^ | March 19, 2012 | Newt Gingrich
    With both President Obama and his chief strategist David Axelrod attacking Newt’s $2.50 gas plan this weekend, it is worthwhile to take a look at who is really trying to sell the American people “snake oil.” President Obama has been traveling the country making demonstrably false excuses for his failures on energy policy. To borrow a line from White House Press Secretary Jay Carney, “I won’t attribute motivations…I’ll just say that anybody who says these things doesn’t know what he’s talking about.” “WE’RE DRILLING ALL OVER” FALSE: “Do not tell me that we’re not drilling. We’re drilling all over this...
  • What If Oil and Natural Gas Are Renewable Resources? (Evidence mounting on limitless supply of oil)

    03/19/2012 6:58:46 AM PDT · by SeekAndFind · 137 replies · 1+ views
    American Thinker ^ | 03/18/2012 | Greg Lewis
    President Barack Obama and his green energy confederates are determined to scare the public about a declining supply of "fossil fuels." If we accept the idea that oil is produced by the conversion of organic matter -- from plants to dinosaurs -- under extreme pressure, we must also accept the idea that there is a limited supply of oil and that we've got to do everything we can to find a replacement for fossil fuels before we run out. The evidence is mounting that not only do we have more than a century's worth of recoverable oil in the United...
  • Energy expert Dr. Daniel Fine takes on the "opposition" to Shale Gas in North Carolina

    03/12/2012 8:28:19 PM PDT · by greenwill · 10 replies · 1+ views
    The John Locke Foundation ^ | 02/27/12 | Dr. Daniel Fine
    Daniel Fine discusses North Carolina's approach to shale gas and hydraulic fracturing (two minutes)---> http://youtu.be/4Lbn9diK1PA
  • Obama: "Do Not Tell Me That We're Not Drilling. We're Drilling All Over This Country"

    03/16/2012 7:32:19 AM PDT · by pabianice · 47 replies · 2+ views
    "So do not tell me that we're not drilling. We're drilling all over this country. There are a few spots we're not drilling. We're not drilling in the national mall. We're not drilling at your house. " http://www.realclearpolitics.com/video/2012/03/15/obama_do_not_tell_me_that_were_not_drilling_were_drilling_all_over_this_country.html
  • Government data undercut Obama’s energy claims

    03/15/2012 2:13:01 PM PDT · by jazusamo · 6 replies
    The Washington Times ^ | March 15, 2012 | Dave Boyer
    Countering President Obama’s claim that he’s doing everything he can to increase domestic oil production, a top House Republican Thursday released data from the Energy Department showing that fossil fuel production on federal lands has fallen since Mr. Obama took office. The information compiled by the Energy Information Administration shows that total fossil fuel production on federal lands has dropped 7 percent since 2009 and 13 percent since 2003. From 2010 to 2011, total oil production on federal lands is down 14 percent and gas production dropped 11 percent. House Natural Resources Chairman Doc Hastings, Washington Republican, said the new...
  • Report: Obama to Release Oil from Strategic Reserve

    03/15/2012 12:20:42 PM PDT · by Kaslin · 41 replies
    Rush Limbaugh.com ^ | March 15, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Obama has just announced that the United States and Britain are going to release oil from their Strategic Reserves. I didn't even know that Cameron was up for reelection. I did not know that he was up for reelection. That's why Obama's doing this. This is going to have absolutely no impact whatsoever. It is a purely political move from the guy who says, "We can't drill. We can't drill fast enough, can't drill soon enough." What does that mean? If we can't drill what it means is putting more oil on the market isn't gonna matter...
  • API: Proposed EPA Emission Rules Will Reduce Shale Gas Drilling

    03/15/2012 12:18:03 PM PDT · by thackney · 21 replies
    Rig Zone ^ | March 15, 2012 | Karen Boman
    Proposed regulations by the U.S. Environmental Protection Agency (EPA) to reduce air emissions from hydraulic fracturing operations would drastically reduce shale gas drilling by 31 percent to 52 percent, or 12,700 to 21,400 wells, over the 2012 to 2015 time period, according to a study by the American Petroleum Institute (API). The API study also found that: 5.8 to 7.0 quadrillion Btu (Quads) of otherwise economic unconventional natural gas would not be developed and produced by 2015, a 9 percent to 11 percent reduction 1.8 billion barrels of otherwise economic unconventional liquids would not be developed and produced by 2015,...
  • Scarce Oil? U.S. Has 60 Times More Than Obama Claims

    03/15/2012 11:24:37 AM PDT · by SaveOurRepublicFromTyranny · 10 replies
    INVESTOR'S BUSINESS DAILY ^ | March 14, 2012 | John Merline
    When you include oil shale, the U.S. has 1.4 trillion barrels of technically recoverable oil, according to the Institute for Energy Research, enough to meet all U.S. oil needs for about the next 200 years, without any imports.
  • Obama to David Cameron: Let’s tap our strategic oil reserves together

    03/15/2012 8:57:11 AM PDT · by SeekAndFind · 29 replies
    Hotair ^ | 03/15/2012 | Ed Morrissey
    Remember that Barack Obama insists that there are "no silver bullets" to fix the issue of high gas prices. So when British Prime Minister David Cameron visited Washington for high-level talks and the discussion turned to gas prices, what did Obama propose? According to Reuters, holy water and a garland of garlic: President Barack Obama and British Prime Minister David Cameron discussed the possibility of releasing emergency oil reserves during a meeting on Wednesday, two sources familiar with the talks said, the first sign that Obama is starting to test global support for an effort to knock back near-record fuel...
  • Obama compares Republicans to ‘flat earth society’ for stance on green energy

    03/15/2012 9:40:50 AM PDT · by tobyhill · 51 replies
    Washington Post ^ | 3/15/2012 | By David Nakamura
    President Obama blasted his Republican critics Thursday for their resistance to investing in alternative energy sources, comparing their stance to the beliefs of those who thought that Columbus would sail off the edge of the world. In another in a series of speeches defending his energy policies, Obama touted his push for green energy growth — including wind and solar power, electric cars and biofuels — as a way to help wean the nation from a dependence on foreign oil. And he mocked his rivals for failing to embrace his ideas. “If some of these folks were around when Columbus...
  • High gas prices and the wisdom of drilling for oil

    03/15/2012 9:51:44 AM PDT · by tobyhill
    UPI ^ | 3/15/2012 | PETER MORICI
    Gasoline prices are zooming past $4 a gallon and the United States is hardly freer from the grip of imported oil or closer to robust economic recovery. With his approval ratings dropping precipitously, U.S. President Barack Obama is blaming speculators and investigating fraud and at the pump when this mess is the direct result of failed federal energy policies. By word and deed, the Obama administration has sought to limit off-shore oil exploration and development and hasten the commercial viability of solar, wind and alternative vehicle technologies. All this is based on two erroneous but strongly held beliefs among liberal...
  • Exclusive: U.S., Britain to agree emergency oil stocks release

    03/15/2012 8:56:46 AM PDT · by mojito · 88 replies · 1+ views
    Reuters ^ | 3/15/2012 | Richard Mably
    Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices derailing economic growth in an election year. A formal request from the United States to the UK to join forces in a release of oil from government-controlled reserves is expected "shortly" following a meeting on Wednesday in Washington between President Barack Obama and Prime Minister David Cameron, who discussed the issue, one source said. Britain would respond positively, the two sources said.
  • Oil spill commission reuniting to press for drilling reforms (Hussein tasks 'Commission Action')

    03/14/2012 6:40:37 PM PDT · by Libloather · 6 replies
    The Hill ^ | 3/14/12 | Andrew Restuccia
    Oil spill commission reuniting to press for drilling reformsBy Andrew Restuccia - 03/14/12 10:47 AM ET Members of the national oil spill commission are reuniting to monitor the federal government’s progress in implementing a series of drilling safety recommendations put forward by the panel last year. The seven-member commission, which was tasked by President Obama with investigating the massive Gulf of Mexico oil spill, is forming what it calls “Oil Spill Commission Action.” The new group will issue a report in April assessing government and industry efforts to enhance safety and environmental standards in the aftermath of the spill, which...
  • HOW TO RETURN TO $2.00 A GALLON GAS

    03/15/2012 7:53:42 AM PDT · by Jeff Head · 54 replies
    JEFFHEAD.COM ^ | March 15, 2012 | Jeff Head
    HOW TO RETRUN TO $2.00 A GALLON GAS You know what, I am sick of hearing all of the endless wrangling by the major news media and politicians (particularly of the liberal variety) regarding the price of gas. Yesterday I heard some so-called oil and gas expert on a talk show. He was a guest and clearly an Obama supporter. He launched into this protracted explanation of the price of gold, the value of the dollar, OPEC, the world market and China's purchasing, etc., etc. to explain why the price cannot come down and how anyone saying it can...
  • Scarce Oil? U.S. Has 60 Times More Than Obama Claims

    03/14/2012 12:51:06 PM PDT · by IBD editorial writer · 55 replies
    Investor's Business Daily ^ | 03/14/2012 | John Merline
    When he was running for the Oval Office four years ago amid $4-a-gallon gasoline prices, then-Sen. Barack Obama dismissed the idea of expanded oil production as a way to relieve the pain at the pump. "Even if you opened up every square inch of our land and our coasts to drilling," he said. "America still has only 3% of the world's oil reserves." Which meant, he said, that the U.S. couldn't affect global oil prices....But the figure Obama uses — proved oil reserves — vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the...
  • George W. Bush Says Keystone Pipeline Is a 'No-Brainer’

    03/14/2012 1:06:27 PM PDT · by STARWISE · 107 replies · 2+ views
    Newsmax ^ | 3-13-12
    TransCanada Corp.’s Keystone XL pipeline, which would carry oil from landlocked Alberta to the U.S. Gulf Coast, is a “no-brainer” that would create jobs and bolster the economy, former President George W. Bush said on Tuesday. The $7.6 billion Keystone XL line would generate private-sector employment and government revenue, he said at an American Fuel & Petrochemical Manufacturers conference in San Diego. The U.S. government’s budget deficit is unsustainable and must be reduced by supporting industry, Bush said. “The clear goal ought to be how to get the private sector to grow,” said Bush, who spoke during a luncheon at...
  • On This Day In History.... Gas Prices Have Never Been Higher

    03/14/2012 12:08:45 PM PDT · by tcrlaf · 15 replies
    Zerohedge ^ | 3-14-12 | Tyler Durden
    . . Presented with little comment except to remind all those newly refreshed consumers that for every penny rise in pump prices, more than $1bn is added to the hoousehold spending bill (assuming driving habits are unaffected - which brings its own set of unintended consequential events). For this week of the year, we have never seen higher prices of Gasoline... and we note that gas prices are rising at almost the same analog rate as last year (and well above average) which offers little hope for the notably higher absolute levels which is all important for our pocket-books...