Keyword: energyindependence
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Future Fuels: Our secretary of energy pushes bio-refineries and windmills to oil executives at an energy conference as the administration announces a three-year offshore drilling ban. This is a policy for economic suicide. They don't qualify as an official group of victims, but carbon-Americans, as they have been called, did not have much to cheer about last week, when Energy Secretary Steven Chu addressed CERAWeek 2010, a premier industry conference hosted by IHS Cambridge Energy Research Associates. With an economy struggling to regain sound footing, Chu advocated a starvation diet devoid of additional fossil fuels that are to remain under...
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A new technique being used to drill through a type of rock known as shale has led to a surge in domestic natural gas production over the last three years and enabled the United States to overtake Russia recently as the world's No. 1 producer of natural gas. As a result, we are seeing a remarkable turnabout in energy geopolitics: as U.S. natural gas reserves have soared thanks to advanced drilling methods, Russia's goal of establishing a world gas cartel patterned on OPEC has collapsed. How big of a development is this? Think back to 2003, when America's demand for...
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On a party-line vote, the Democratically-controlled state Senate killed a bill tied to Gov. Robert McDonnell’s (R) plans for offshore oil and natural gas exploration. Twenty-two Democrats — including all senators from Arlington County, City of Alexandria and Fairfax County — voted down a bill that would have designated 80 percent of revenue and royalties produced by drilling off the shore of Virginia for the commonwealth’s transportation trust fund. All 18 Republicans supported the measure. While on the campaign trial this past fall, McDonnell had promoted drilling for oil and natural gas off the shore of Virginia Beach, saying, among...
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Energy: A new study shows that our reluctance to develop domestic energy will cost the beleaguered U.S. economy trillions in opportunity costs, reduce our gross domestic product and increase our trade deficit. From trying to stimulate jobs in nonexistent ZIP codes at great expense to worshiping the false gods of climate change, our biggest deficit these days may be in the area of common sense. A new study shows that many of our wounds are self-inflicted as we forgo the wealth and jobs to be found in our waters and under our feet. The study by Science Applications International Corp....
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WASHINGTON – President Barack Obama next week will announce a loan guarantee to build the first nuclear power plant in the United States in almost three decades, an administration official said Friday. The two new Southern Co. reactors to be built in Burke, Ga., are part of a White House energy plan administration officials hope will draw Republican support. Obama's direct involvement in announcing the award underscores the political weight the White House is putting behind its effort to use nuclear power and alternative energy sources to lessen American dependence on foreign oil and reduce the use of other fossil...
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Energy: When even Chuck Schumer is upset with the White House, you know something's amiss. In this case, it's news that efforts to boost wind power with taxpayer stimulus dollars are filling foreign coffers and creating foreign jobs. According to the Investigative Reporting Workshop at American University, nearly $2 billion in money from the American Recovery and Investment Act has been spent on wind power. The goal was to further energy independence while creating American jobs. It has done neither. Of the money spent, according to the report, nearly 80% has gone to foreign manufacturers of wind turbines. "In all...
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Absolutely...The funniest joke ever... AND IT’S ON US ! Let it sink in. Quietly... we go like sheep to slaughter. Does anybody out there have any memory Of the reason given for the establishment Of the DEPARTMENT OF ENERGY During the Carter Administration? Anybody? Anything? No? Didn't think so! Bottom line ... We've spent several hundred billion dollars In support of an agency ...the reason For which not one person who reads This can remember. Ready??????? It was very simple .. And at the time everybody thought It very appropriate... The 'Department of Energy' Was instituted on 8-04-1977 TO LESSEN...
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Energy The administration asked for public comments on a plan to expand offshore drilling. When they came in 2-to-1 in favor, the Interior Department sat on the news. Time for a "Texas tea" party? When you ask for public comment on a major policy issue, at some point you should make the results public, not hide them until you can figure out a way to spin the public reaction to support a conclusion you've already drawn. On its last business day in office, the Bush administration published a proposed draft of a five-year plan to lease areas in the Atlantic...
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This is a video of a panel discussion at the Herzliya Conference in Israel which informed that the US can be oil energy independent in 10 years. Really fascinating.
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In testimony delivered in Houston today, officials with the American Petroleum Institute said the U.S. Environmental Protection Agency’s proposed new ozone pollution standards would exact significant costs on consumers, jobs and the economy without delivering commensurate benefits. Furthermore, they said there was no solid scientific justification for imposing the more stringent standards.
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WASHINGTON (Reuters) – Virginia's two U.S. senators on Wednesday urged the Obama administration to carry out a previous plan to lease almost 3 million acres (1.2 million hectares) in federal waters off the state's coastline to oil and natural gas companies. The lawmakers said in a letter to U.S. Interior Secretary Ken Salazar that recent comments by a department official that the Virginia lease sale originally planned for late 2011 would be delayed until 2012 at the earliest are frustrating given that drilling creates jobs and needed energy supplies. The offshore Virginia area that would be leased may hold 130...
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Americans are adopting a failed type of clean energy subsidy—the feed-in tariff—just as Europeans are abandoning it. “How can California encourage investors to generate renewable electricity? How about a guarantee that if they generate the power, they'll be paid at a good price?” suggests Ray Pingle of the Sierra Club. Fair enough. But the price proposed by the Sierra Club and some members of Congress is three to five times more than the current average price of electricity. Green power advocates in the United States have started pushing for a European-style subsidy scheme in which homeowners or businesses that install...
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Energy: The government says wind power could supply the eastern half of the U.S. with a fifth of its electricity by 2024. Just don't try building wind farms where someone might see them. A claim is contained in a new study released by the Energy Department's National Renewable Energy Laboratory, and technically it might be true. But we've heard these overblown predictions before, and experience around the world with heavily subsidized alternative energy has not worked out well. The area in question, called the Eastern Interconnection, is a grid extending roughly from the western borders of the Plains states through...
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Despite the Facts, Democrats, Republicans, and the Neoconservatives Continue To Hype Energy Autarky When talking about energy, facts should matter. Alas, when it comes to promoting the myth of “energy independence” politicians and political operatives on both the Left and the Right are not interested in facts or reality. Their only interest is in playing to the crowd and in trying to stir emotional responses. That’s a somewhat painful conclusion. For the past two years, and particularly since the publication of my book, Gusher of Lies: The Dangerous Delusions of “Energy Independence,” which came out in April 2008, I have...
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January 13, 2010, 4:00 a.m. American Energy Independence A war-fighting necessity or “‘foreign oil’ alarmism”? By Barbara Lerner Is energy a key element in the war we are fighting against the onslaught of Islamist terror and subversion? Does America need energy independence to really win this war? The American people seem to think so. The last time a Rasmussen poll asked them if the development of new homegrown energy sources was “an urgent national priority,†81 percent said yes. Only 9 percent disagreed. In NRO last month, I argued that the great American majority is right, on this fundamental...
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nterior Secretary Ken Salazar said on Wednesday that big oil and natural gas companies will no longer be "the kings of the world" like they were under the Bush administration, announcing new drilling policies to protect the environment on western federal lands. While the reforms would likely slow the permitting process to search for oil and gas on government lands and decrease the number of acres available for energy exploration, Salazar rejected industry claims that the Obama administration's policy change would reduce domestic energy supplies. "The difference is in the prior administration the oil and gas industry essentially were the...
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WASHINGTON – Interior Secretary Ken Salazar on Wednesday announced policy changes he said will bring more scrutiny and greater public voice in how oil and gas leases are awarded on public lands. Salazar said the changes should ensure stricter environmental standards in oil and gas leasing while bringing more clarity to the process to energy companies hoping to drill on public lands, mostly in Western states.
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Richmond, VA) -- Governor-elect Bob McDonnell wants Virginia to become the first state on the Atlantic seaboard to explore and drill for oil. The Republican has sent a letter to Interior Secretary Ken Salazar, asking that Virginia be allowed to move ahead on offshore energy exploration. McDonnell cites an Old Dominion University study that concluded natural gas production would create hundreds of jobs and generate millions of dollars for the state. It's believed at least 500-million barrels of oil could lie off the coast of Virginia.
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There is that old complaint that says if Moses had only made a right turn after he led the Israelites across the Reed Sea, the Jews would have the Oil, the Arabs would have the desert and the world would be much better off. Well that might be changing a bit. Last January a major supply of natural gas was found off the coast of Haifa, Israel's major port city. Yesterday A significant quantity of oil was discovered near Rosh HaAyin, a city located east of Tel Aviv on the western edge of Samaria
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Energy: An oil company wants to invest its profits in clean-burning American natural gas. A Hungarian billionaire and a "green" politician want to stop it. This is the real Climate-gate scandal. While the greenies of the world united in Copenhagen to talk about the weather, emitting a Third World-country-size chunk of greenhouse gases to gather there, the world's largest oil company, Exxon Mobil, was doing something about it. On Dec. 14, Exxon agreed to buy XTO Energy, a natural gas firm, in a deal valued at $41 billion. XTO is one of the leaders in something called "fracking" technology, in...
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