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Keyword: drilling

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  • Study links Oklahoma earthquake swarm with fracking operations

    07/07/2014 1:23:59 PM PDT · by mbarker12474 · 40 replies
    Los Angeles Times Science ^ | 3 July 2014 | Hailey Branson-Potts Los Angeles Times
    Study links Oklahoma earthquake swarm with fracking operations By Hailey Branson-Potts [skip to the last paragraph if you want to skip the nonsense.] Oklahoma ... boom ... recent years: oil and gas production and earthquakes. To many residents, the timing .... Before the oil and gas industry started drilling... rare to feel an earthquake. Today, Oklahoma... second-most seismically active state .... Now ... fresh scientific evidence .... Researchers from Cornell University and the University of Colorado say a large swarm of earthquakes ... caused by ... disposal wells, ... wastewater from drilling operations ... hydraulic fracturing ... deep geological formations.......
  • China's Massive Disputed Oil Rig Near Vietnam Is Now Drilling

    05/27/2014 6:00:55 AM PDT · by blam · 8 replies
    BI ^ | 5-27-2014 | Reuters
    China's Massive Disputed Oil Rig Near Vietnam Is Now Drilling ReutersMay 27, 2014, 6:20 AM ÔÉĀ A giant Chinese oil rig has finished its first round of drilling in South China Sea waters also claimed by Vietnam and moved to another site in the area, the rig's operator, China Oilfield Services Ltd (COSL), said on Tuesday. In a statement, COSL said exploration would still take place off the Xisha islands, China's name for the disputed Paracel chain, suggesting the rig was not moving far. In early May, the rig was deployed between the Paracel islands and the Vietnamese coast, sparking...
  • Major Oil & Gas Firm to List Drilling Chemicals

    04/24/2014 3:14:18 PM PDT · by Up Yours Marxists · 2 replies
    WWL TV ^ | April 25, 2014 at 00:36 GMT | Associated Press
    PITTSBURGH (AP) ó A major supplier to the oil and gas industry says it will begin disclosing 100 percent of the chemicals used in hydraulic fracturing fluid, with no exemptions for trade secrets. The move by Baker Hughes of Houston is a shift for a major firm; it's unclear if others will follow suit. The oil and gas industry has said the chemicals used are disclosed at tens of thousands of wells, but environmental and health groups and government regulators say a loophole that allows companies to hide chemical "trade secrets" has been a major problem. A statement on the...
  • Raul Grijalva Tries to Block Energy Exploration During Shutdown

    10/07/2013 4:01:37 PM PDT · by Tailgunner Joe · 33 replies
    freebeacon.com ^ | October 7, 2013 | Lachlan Markay
    A Democratic member of Congress is using the government shutdown to pressure the Department of the Interior to prohibit oil and gas exploration on federal land. Energy companies should not be able to use federal lands if those lands are closed to hikers and campers, according to Rep. Raul Grijalva (D., Ariz.), the co-chair of the Congressional Progressive Caucus. Grijalva started an online petition to demand that Interior Secretary Sally Jewell and Agriculture Secretary Tom Vilsack ďstop mining [on] public lands while visitors are locked out.Ē ďFossil fuel and logging companies shouldnít have special access to our federal lands while...
  • Study: Methane leaks from gas drilling not huge (Drill Baby Drill!! NatGas fracking OK)

    09/16/2013 2:11:13 PM PDT · by NormsRevenge · 9 replies
    Yahoo! News ^ | 9/16/13 | Seth Borensrein and Kevin Begos - ap
    WASHINGTON (AP) ó Drilling and fracking for natural gas don't seem to spew immense amounts of the greenhouse gas methane into the air, as has been feared, a new study says. The findings bolster a big selling point for natural gas, that it's not as bad for global warming as coal. And they undercut a major environmental argument against fracking, a process that breaks apart deep rock to recover more gas. The study, mostly funded by energy interests, doesn't address other fracking concerns about potential air and water pollution. The results, which generally agree with earlier Environmental Protection Agency estimates,...
  • Saudi prince...Fracking could put OPEC out of Business

    09/14/2013 6:44:29 PM PDT · by Red Statements · 47 replies
    Examiner,com ^ | July 29th, 2013 | Steven H Ahle
    Prince Alwaleed bin Talal said that fracking in the US has lessened demand for their oil, and that they need to begin to find other income sources. In a letter to oil minister, Ali al Naimi and other top government officials, Alwaleed said that fracking was responsible for the declining demand for oil from OPEC. Alwaleed recommends that the oil rich country, should diversify immediately before the impact gets to be out of hand. He says that the Saudi's dependence on oil income is, "a truth that has really become a source of worry for many".
  • Federal agents raid Colorado drilling office with wells in Oklahoma and Texas

    07/31/2013 8:57:52 AM PDT · by Nachum · 10 replies
    Newsok ^ | 7//31/13 | ASSOCIATED PRESS
    BASALT, Colo. ó Federal agents with the FBI, IRS and Bureau of Land Management have served a search warrant at the offices of Crystal River Oil and Gas in Basalt. IRS special agent Karen Gurgel said the action on Tuesday is part of a criminal investigation, but she did not elaborate. Crystal River Oil and Gas operates 300 oil-and-gas producing wells in six states, with a focus on Texas and Oklahoma. It also has offices in California.
  • Wells documented: Baker Hughes adds to its famous rig count

    07/19/2013 6:05:45 AM PDT · by thackney
    Fuel Fix ^ | July 18, 2013 | Harry R. Weber
    Oil field services giant Baker Hughes for decades has been the go-to source for the number of drilling rigs operating in a given week or month. Now, it is adding a count of new U.S. onshore oil and gas wells to its data set. The Houston-based company said Thursday that the quarterly well count ó when combined with the rig count ó will allow the industry to track the efficiency of operations in various onshore basins. For instance, current data shows that in the Williston, Marcellus, and Eagle Ford plays, there are about 20 percent more wells per rig compared...
  • Interior chief: New drilling in the Atlantic and Pacific? Yeah, weíre not doing that

    06/06/2013 6:34:35 PM PDT · by Hojczyk · 10 replies
    Hot Air ^ | June 6, 2013 | ERIKA JOHNSEN
    Interior Secretary Sally Jewell said Thursday that the White House wonít allow drilling in the Atlantic Ocean while House Republicans are putting the finishing touches on legislation to do so. ďWeíve done a five-year plan ó it doesnít include the Atlantic. I donít expect to go back on that,Ē Jewell told reporters Thursday after a Senate Energy and Natural Resources Committee hearing. President Obamaís five-year drilling plan, which runs through 2017, doesnít offer any lease sales in Atlantic or Pacific coastal waters. A 2010 draft of his plan included Atlantic waters, but Obama pulled back on it following the Gulf...
  • Big Data And Microseismic Imaging Will Accelerate The Smart Drilling Oil And Gas Revolution

    05/11/2013 9:37:13 PM PDT · by ckilmer · 5 replies
    Forbes ^ | 5/08/2013 @ 9:24AM | Mark P. Mills
    Over the past five years, technology has improved the productivity of the typical oil or gas rig on Americaís shale fields between 200 and 300 percent.
  • Thereís Twice as Much Oil Below North Dakota than We Thought

    05/01/2013 12:27:59 PM PDT · by Nachum · 42 replies
    Free Enterprise ^ | 5/1/13 | Sean Hackbarth
    Donít expect the energy boom in Montana and the Dakotas to end anytime soon. According to the United States Geological Survey (USGS), the formations below these three states hold double the amount of oil and triple the amount of natural gas than was believed five years ago. National Journal reports: The formations, called Bakken and Three Forks, span much of western North Dakota, the northern tip of South Dakota and the northeastern tip of Montana. The last time the United States Geological Survey assessed this area for its oil and gas reserves was in 2008. But that assessment did not...
  • Obama's Good War

    03/31/2011 12:48:57 AM PDT · by neverdem · 12 replies
    American Thinker ^ | March 31, 2011 | James Lewis
    Well, well, well, so Obama has embarked on his third war in little more than two years. You've got to admit that "flexibility" is his middle name. Or at least one of his middle names: Barack Barry Hussein "Flexibility" Soetoro Obama, Jr. Those are the names we know so far, but The Donald thinks there might be more. Whodda thunk? Here we are barely into the first week of what started out as a "No-Fly Zone" and it is now turning out to be Air Al Qaida. Ten years ago, AQ had a mere four civilian airplanes to crash into...
  • Vitter wants answers on Brazil drilling loan; Paul wanted answers too

    03/22/2011 2:19:36 PM PDT · by Crush · 31 replies
    The US Report ^ | 22 March 2011 | Kay Day
    Sen. David Vitter (R-La.) wants answers from the US taxpayer supported Export-Import bank about a $2 billion loan to Brazil for offshore drilling. Vitterís home state is suffering under a moratorium imposed by President Barack Obama. Vitter said Louisianians ďare frustratedĒ and he wants to know ďwhy permitting domestically is nearly stalledÖĒ Rep. Ron Paul (R-Texas) had questions about ExIMónine years ago when he asked Congress to reject the reauthorization of ExIm for ďeconomic, constitutional and moral reasons.Ē Vitter sent a letter to Fred Hochberg, Ex-Im president, on March 17. Vitter asked Hochberg to identify all US companies that have...
  • Kerry Has Investments in Companies Accused of Violating Iran Sanctions

    12/21/2012 10:50:39 AM PST · by Sub-Driver · 22 replies
    Kerry Has Investments in Companies Accused of Violating Iran Sanctions Daniel Halper December 21, 2012 12:59 PM John Kerry, who will be nominated later today to be the next secretary of state, is the richest member of the U.S. Senate. His estimated net worth is, at minimum, $198.65 million, according to disclosure forms. Kerry's disclosure forms also reveal that he has invested in companies accused of doing business with Iran. One of the companies Kerry is invested in is called Petroleo Brasileiro SA Petrobras (Petrobras), it's a Brazilian-based oil and gas corporation. Disclosure forms reveal that Kerry has between $150,000...
  • Explosion On West Cote Blanche Platform

    11/16/2012 10:22:12 AM PST · by Joe 6-pack · 5 replies
    KPEL 96.5 FM ^ | 11/16/12 | KPEL 96.5
    The U.S. Coast Guard says an explosion took place on a platfrom near West Cote Blanche around 9 a.m. today. Four people were put on medivac transport and taken out of the area, and are now hospitalized. Two people remain missing. Petty Officer 3rd Class Jonathan Lally, a spokesman for the Coast Guard, did not immediately have information on the conditions of those taken to hospitals. Lally says two helicopters, an airplane and small boats were sent to the area. The Coast Guard has now confirmed that the fire is out on the platform. The production platform is owned by...
  • An American Oil Find That Holds More Than All of OPEC [UT,CO]

    11/13/2012 1:31:10 PM PST · by Red Badger · 40 replies
    ABC ^ | Nov. 13, 2012 | By ALAN FARNHAM
    Drillers in Utah and Colorado are poking into a massive shale deposit trying to find a way to unlock oil reserves that are so vast they would swamp OPEC. A recent report by the U.S. Government Accountability Office estimated that if half of the oil bound up in the rock of the Green River Formation could be recovered it would be "equal to the entire world's proven oil reserves." Both the GAO and private industry estimate the amount of oil recoverable to be 3 trillion barrels. "In the past 100 years ó in all of human history -- we have...
  • More public lands to be closed to shale oil drilling

    11/10/2012 7:27:18 PM PST · by SeekAndFind · 4 replies
    Hotair ^ | 11/10/2012 | Jazz Shaw
    In the final days of the election I made what turned out to be a clearly futile effort to demonstrate that the future of energy production, as well as the associated jobs and economic boost which go with it, could be significantly affected by the outcome. One candidate had a substantially pro-energy policy which included completing the Keystone pipeline and unshackling promising areas of domestic energy development. The other did not. Taking a line from Bruce Willis for a moment... I hate it when I'm right. The Interior Department on Friday issued a final plan to close 1.6 million acres...
  • Obamaís Interior Dept. Bans Drilling on 11.5 Million Acres of ĎPetroleum Reserveí in Alaska

    10/15/2012 8:06:17 PM PDT · by Kolath · 28 replies
    Conservatives4Palin ^ | 10/15/2012 | Stacy Drake
    Earlier today, Governor Palin retweeted Jedediah Bila concerning this stunning move by the Obama administration to cut off 11.5 acres of domestic energy production in Alaska
  • Reminder: Oil and gas production just keep falling under President Obama

    10/12/2012 2:55:25 PM PDT · by Kaslin · 8 replies
    Hot Air.com ^ | October 12, 2012 | ERIKA JOHNON
    President Obama certainly knows how to talk a good game when it comes to energy policy; to the low-information layman, ‚Äúall of the above‚ÄĚ sounds like a superficially excellent plan. Work on green energy development, but keep the traditional fuel production comin‚Äô ‚ÄĒ it‚Äôs the best of both worlds, right? Except that that‚Äôs not what the Obama administration has done at all. While the feds have poured billions upon billions of taxpayer dollars into picking economic winners and losers in the clean-energy field, Obama‚Äôs EPA/Energy/Interior team have waged a regulatory war on the coal industry and only allowed for relatively...
  • Huckabee: Media Amazingly Quiet Over Gas Price Increase

    10/09/2012 7:14:15 AM PDT · by Snuph · 17 replies
    NewsMax ^ | 08 Oct 2012 | Newsmax Wires
    The media is showing bias in failing to give much attention to the rise in gasoline prices under President Barack Obama, says former presidential candidate Mike Huckabee. Gas prices now average $3.82 per gallon around the country, about double the level prevailing when Obama took office. ďWhen George [W.] Bush was president, we heard about gas prices every time,Ē Huckabee, now a radio talk show host told Fox News Monday, Politico reports. ďAnd they would take cameras to the pumps and have someone almost tearfully explaining that they were paying almost $2.50 a gallon. Itís amazing how quiet the media...
  • Matt Damonís Anti-Fracking Movie Financed by Oil-Rich Arab Nation

    09/28/2012 1:03:35 PM PDT · by Cincinatus' Wife · 21 replies
    The Foundry - Heritage Investigates ^ | September 28, 2012 | Lachlan Markay with James Dean
    A new film starring Matt Damon presents American oil and natural gas producers as money-grubbing villains purportedly poisoning rural American towns. It is therefore of particular note that it is financed in part by the royal family of the oil-rich United Arab Emirates. The creators of Promised Land have gone to absurd lengths to vilify oil and gas companies, as Scribeís Michael Sandoval noted Wednesday. Since recent events have demonstrated the relative environmental soundness of hydraulic fracturing Ė a technique for extracting oil and gas from shale formations Ė Promised Landís script has been altered to make doom-saying environmentalists the...
  • 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...
  • Obama Administration Keeps Failing On Energy.

    08/21/2012 9:00:52 AM PDT · by Connectikate · 9 replies
    RedState ^ | 8/14/2012 | Ben Howe
    Apparently, even though the administration has a five year plan to allow drilling in the Gulf and the Arctic...they're not that interested in living up to it. Shocker, I know. One would think that one of the primary requirements of energy independence would be having the ability to collect the energy through which one becomes independent by using. Somehow, this logic escapes the Obama administration as evidenced by their ďFive-Year Plan.Ē However, if their goal was to diminish opportunities for energy resources, theyíve done a magnificent job. It is pretty well established that there is oil in the Gulf of...
  • Petro-State Of California Needs Crude Awakening

    08/09/2012 9:57:53 AM PDT · by old school · 5 replies
    Investor's Business Daily ^ | 08/08/2012 | Tom Gray
    "Until California surrenders to realism, its oil drillers will be fighting political and regulatory head winds. If they can look anywhere for hope, it's not to the political elites but to the broader public. Ordinary Californians are not anti-oil ideologues, and a fair number favor drilling off the state's coast."
  • Palin: Obama Doesnít Have an Energy Policy

    06/02/2012 9:05:50 AM PDT · by Josh Painter · 56 replies
    Fox News ^ | June 1, 2012 | John Stossel/Staff
    Former Alaska Governor Sarah Palin on the future of oil exploration in the U.S. and the importance of the Keystone Pipeline.
  • Repsol's Decision Smokes Out Cuba's Oil Ambitions

    05/30/2012 8:35:26 PM PDT · by Rabin · 4 replies
    Rigzone, (Global Insight) ^ | Wednesday, May 30, 2012 | Juliette Kerr
    Repsol, has confirmed that (his) company and its partners are abandoning drilling offshore Cuba, representing a major blow to the island's ambitions to secure oil self-sufficiency.... The decision follows reports that the Jaguey-1 exploration well drilled by Repsol and partners Statoil (Norway) and ONGC (India) on Block N26, in Cuba's Exclusive Economic Zone (EEZ) in the Gulf of Mexico, had come up dry.
  • Heavy ice could delay start of Shell Alaska's Arctic drilling

    05/27/2012 8:44:27 AM PDT · by King_Corey · 15 replies
    Los Angeles Times via Miami Herald ^ | Saturday, 05.26.12 | KIM MURPHY
    The heaviest polar ice in more than a decade could postpone the start of offshore oil drilling in the Arctic Ocean until the beginning of August, a delay of up to two weeks, Shell Alaska officials said. Unveiling a newly refurbished ice-class rig that is poised to begin drilling two exploratory wells this summer in the Beaufort Sea, Shell executives said Friday that the unusually robust sea ice would further narrow what already is a tight window for operations. The company's $4-billion program is designed to measure the extent of what could be the United States' most important new inventory...
  • White House Lied, Jobs Died: The story behind the drilling moratorium

    05/11/2012 12:01:12 PM PDT · by Kevin C · 5 replies
    National Review ^ | 5/11/12 | Michelle Malkin
    While the White House and its media water-carriers try to distract the American public with gay-marriage talk and half-century-old tales of Mitt Romneyís prep-school pranks, the inconvenient truth remains: President Obama is responsible for perpetrating jaw-dropping, job-killing scientific fraud. And his minions are still trying to cover it up. New internal e-mails disclosed by the House Natural Resources Committee this week show that a supposedly exculpatory report on the administrationís doctored drilling moratorium analysis ó issued by the Department of Interiorís inspector generalís office ó was itself incomplete, misleading, and unsubstantiated. Even more damning, the documents reveal that the White...
  • Chairman Hastings: Documents Raise Serious Questions

    05/10/2012 2:04:02 PM PDT · by sheikdetailfeather · 10 replies
    Chairman Hastings: Documents Raise Serious Questions about Thoroughness and Independence of Inspector Generalís Investigation into Drilling Moratorium Report Hastings sends letter to IG and releases documents received by Committee to date WASHINGTON, D.C., May 10, 2012 - House Natural Resources Committee Chairman Doc Hastings (WA-04) today sent a letter to Department of the Interiorís Acting Inspector General Mary Kendall expressing deep concern with the thoroughness of the Office of Inspector Generalís (IG) investigation into whether an Obama Administration report that recommended a six-month drilling moratorium was intentionally edited to incorrectly state the views of peer reviewers, and with the IGís...
  • Connie Mack position changes on domestic drilling

    04/30/2012 5:23:38 AM PDT · by Cincinatus' Wife · 16 replies
    Tampa Bay - St. Petersburg Times ^ | April 30, 2012 | Amy Sherman, PoliticFact
    U.S. Rep. Connie Mack, running in the Republican primary for U.S. Senate, has been urging the public to sign his petition calling for the Keystone XL Pipeline as part of his efforts to promote more domestic drilling. "I have always said that I would be for drilling," Mack said at an event this month promoting the petition. "But I think that's an issue the state should have a say in ó in determining how far it's going to be off the coast of Florida. We ought to allow the state to have a say in that decision." [SNIP] Mack campaign...
  • Restricting Supply To Boost Prices

    04/09/2012 5:57:47 PM PDT · by Kaslin · 20 replies
    IBD Editorials ^ | April 9, 2012
    Energy Policy: The administration claims there's no "silver bullet" to lower gas prices and that they've kept rising in the face of higher domestic production, as if the law of supply and demand has suddenly been repealed. It hasn't, and increased production on private and state lands doesn't blunt the impact on prices when 94% of federal onshore lands and 97% of federal offshore lands are off-limits to oil and gas drilling. A key factor in gas prices is and always has been future supplies and potential disruptions to those supplies. Another is the fact that we are the only...
  • House committee says Obama administration may have edited 2010 report to favor Gulf oil...

    04/03/2012 4:29:52 PM PDT · by blueyon · 12 replies
    Human Events ^ | 4/3/2012 | by Audrey Hudson
    House committee says Obama administration may have edited 2010 report to favor Gulf oil drilling moratorium The Obama administration was subpoenaed Tuesday for documents that congressional investigators hope would shed light on how a government report was edited to indicate experts endorsed a moratorium on oil drilling in the Gulf following the Deepwater Horizon tragedy. Interior Department officials have refused to comply with repeated requests from the House Resources Committee to provide documents that lawmakers say would show if political appointees at the agency or White House were involved in the editing decision and whether it was intentional. ďPresident Obama...
  • Yes, Virginia, President Obama Is An Oil Hypocrite

    04/03/2012 2:00:37 PM PDT · by raptor22 · 2 replies
    IBD editorials ^ | April 3, 2012
    Energy Policy: The Interior Department announces a five-year environmental study of offshore oil sites along the Atlantic coast with possible drilling off the Old Dominion in 2018 ó only seven years after a promised lease sale. Despite taking credit for rising oil production on private and state lands he has nothing to do with, and claiming he supports opening up areas for domestic exploration as part of his "all-of-the-above" energy policy, President Obama in fact despises domestic fossil fuel production and moves to block it at every opportunity. During a visit to Norfolk, Va., last week, Interior Secretary Ken Salazar...
  • Our Disingenuous President

    04/02/2012 4:32:25 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | April 2, 2012 | Bruce Bialosky
    Many Americans believe that whenever a politician opens his mouth, something pops out other than the truth. But on the issue of energy, this President has really stepped into an issue and now seems able to maintain his political credibility solely with more lies and obfuscation. We live in an age in which America and the rest of the world has a huge need for electrical power Ė with no evidence of reduced demand on the horizon. Even though our automobiles, appliances, and tools have become more energy-efficient, we have more devices than ever like smartphones and tablets and...
  • 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.
  • Obama Kills Atlantic Offshore Drilling For Five Years

    03/30/2012 10:12:48 AM PDT · by Nachum · 17 replies
    Breitbart ^ | 3/30/12 | 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. Virginia Gov. Bob McDonnell notes that a planned lease sale, which the administration cancelled last year, will now be put off until at least 2018. As you might expect, Republicans were not impressed with the decision: "The president's actions have closed an entire new...
  • 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 Ė except when he doesnít. Official announcements from his Labor Department reported that the nationís February unemployment rate is still 8.3 percent. Thatís 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...
  • Obama's Real Oil Agenda

    03/26/2012 7:15:52 AM PDT · by Kaslin · 9 replies · 13+ views
    Townhall.com ^ | March 26, 2012 | Dan Holler
    Soaring gas prices pose a major electoral vulnerability to a President so damaged he refused to celebrate the two year anniversary of his marquee domestic accomplishment. That is why, for the past several weeks, President Obama and his administration have been in damage control mode. At stops around the country, he sought to deflect blame for the pain Americans are experiencing at the pump. President Obamaís basic defense goes something like this: presidents cannot control the price of gasoline, but I have increased domestic oil production and decreased our reliance on foreign oil, so really, when you think about...
  • U.S. delays drilling off Virginia's coast to at least 2017

    03/22/2012 12:13:54 PM PDT · by Nachum · 12 replies · 1+ views
    Times-Dispatch ^ | 3/22/12 | Olympia Meola
    Offshore drilling has been pushed further onto Virginia's horizon. U.S. Secretary of the Interior Ken Salazar on Tuesday announced the oil and gas leasing plan for 2012-2017, and Virginia did not make the list. The proposed program includes 15 potential lease sales, with 12 in the Gulf of Mexico and three off Alaska. Virginia's lease sale was scheduled for 2011, but the federal government delayed it until at least 2017 after the April-July 2010 Deepwater Horizon oil spill in the Gulf of Mexico, the worst offshore spill in U.S. history. Gov. Bob McDonnell, who wanted to use the millions that...
  • Mortgages for Drilling Properties May Face Hurdle

    03/19/2012 10:23:57 PM PDT · by crosstimbers · 7 replies
    The New York Times ^ | March 18, 2012 | Ian Urbina
    The Department of Agriculture is considering requiring an extensive environmental review before issuing mortgages to people who have leased their land for oil and gas drilling.
  • 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.
  • 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 governmentís 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 ďOil Spill Commission Action.Ē 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...
  • 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 ó proved oil reserves ó vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the...
  • Senate rejects plan to open Arctic refuge to drilling

    03/13/2012 3:09:05 PM PDT · by Free ThinkerNY · 37 replies · 1+ views
    Associated Press ^ | March 13, 2012 | Sean Cockerham
    WASHINGTON _ The Senate on Tuesday resoundingly rejected a sweeping measure to open the Arctic National Wildlife Refuge and other protected areas to oil drilling, as well as to approve construction of the Keystone pipeline project. Tuesday's vote was the first time in four years that the Senate has voted on a measure including ANWR drilling, and it failed miserably.
  • Obama Energy Hypocrisy: What's It All About, Algae?

    03/09/2012 3:07:40 PM PST · by raptor22 · 9 replies
    IBD Editorials ^ | March 9, 2012 | IBD staff
    Energy: At a plant that makes natural-gas-powered trucks, the president proposes still more alternative-energy subsidies. The privately developed technology that lowered the price of natural gas can lower gasoline prices too. It was a tad surreal to see President Obama, champion of green energy and unions, visiting a foreign-owned manufacturer of natural gas-powered trucks in a right-to-work state. But there he was Wednesday, at the Daimler Trucks North America truck factory in Mount Holly, N.C., touting vehicles powered by a fossil fuel produced by drilling. The president, who recently touted pond scum as an energy source of the future, embraced...
  • Is Obama really the oil drilling President as Democrats claim?(ĎHow to identify a big lie easilyí)

    03/02/2012 9:24:10 AM PST · by sickoflibs · 7 replies
    SOL rant | 3/2/12 | sickoflibs
    Well the economy is ¬Ďmoving in the right direction¬í at least temporarily as Obama says, and oil and gas prices prices are on the rise again moving in the 'wrong' direction. After killing the Canadian Oil pipeline Obama and his Democrat lackeys are claiming that Obama is the oil production president, claiming that domestic oil production is way higher now under Obama than when Bush was in office. In fact they claim that domestic oil production is SO high under Obama that they and Obama and Pelosi are once again calling for raising taxes specifically on domestic oil production (code...
  • Oil Execs Say Obama Lead Us To "Energy Abyss"

    02/23/2012 5:56:23 PM PST · by raptor22 · 17 replies
    Investor's Business Daily ^ | February 23, 2012 | IBD staff
    Energy: Industry leaders gathered in Houston say rising fuel output comes in spite of, not because of, the president's policies and the pain at the pump will soon be excruciating. Energy executives and other industry players gathered for the North American Prospect Expo (NAPE) in Houston shredded administration assertions that it is opening up areas for oil and gas exploration and that its policies are responsible for increased oil and gas production on President Obama's watch. "These have been the most difficult three years from a policy standpoint that I've ever seen in my career," Bruce Vincent, president of Houston...
  • Obama: Calls for more drilling are a 'bumper sticker', not an energy plan

    02/23/2012 1:38:39 PM PST · by SeekAndFind · 68 replies
    Yahoo Finance ^ | 02/23/2012 | Jim Kuhnhenn
    President Barack Obama on Thursday assailed Republicans for what he described as a flawed and dishonest strategy for reducing gas prices, predicting his rivals would offer nothing but more drilling and political promises of $2-a-gallon gas. Said the president: "The American people aren't stupid." "That's not a plan, especially since we're already drilling. That's a bumper sticker," Obama said in a stop at the University of Miami. "It's not a strategy to solve our energy challenge. That's a strategy to get politicians through an election. You know there are no quick fixes to this problem." Obama spoke as gas has...
  • U.S. oil gusher blows out projections

    02/20/2012 7:56:14 AM PST · by thackney · 45 replies
    Fuel Fix ^ | February 20, 2012 | Simone Sebastian
    The United Statesí rapidly declining crude oil supply has made a stunning about-face, shredding federal oil projections and putting energy independence in sight of some analyst forecasts. After declining to levels not seen since the 1940s, U.S. crude production began rising again in 2009. Drilling rigs have rushed into the nationís oil fields, suggesting a surge in domestic crude is on the horizon. The number of rigs in U.S. oil fields has more than quad≠rupled in the past three years to 1,272, according to the Baker Hughes rig count. Including those in natural gas fields, the United States now has...
  • Easy prediction here: oil companies about to be accused of gouging

    02/17/2012 1:26:00 PM PST · by landsbaum · 16 replies
    Gasoline prices are on their way up again. So too is the ire of gasoline purchasers who skipped Econ 101 in school...