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Keyword: fracking

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  • Russia's Threat

    10/09/2015 12:44:37 PM PDT · by Kaslin · 12 replies ^ | October 9, 2015 | Linda Chavez
    When Barack Obama accepted the Democratic presidential nomination in 2008, he predicted that the occasion would be remembered as "the moment when we ended a war and secured our nation and restored our image as the last, best hope on earth." Some seven years later, America is weaker, and the world is a far more dangerous place. President Obama did not end the war in Iraq. His precipitous withdrawal of American troops allowed the Islamic State group to take control of major cities and Iran to become the puppet master in Iraq. His decision to announce when the U.S. would...
  • BP wins two Iranian oilfield development projects: source

    10/08/2015 8:31:40 PM PDT · by jonatron · 16 replies
    The Tehran Times ^ | 10/8/2015 | Tehran Times Economic Desk
    TEHRAN - Iran has left the development of two oilfields to the energy giant British Petroleum (BP), an informed source told the Tasnim News Agency on the condition of anonymity. The announcement is a follow-up to the September meeting between Iranian Oil Ministry officials and BP top managers, where the Iranian side headed by Amir Hossein Zamani Nia, the deputy oil minister for international affairs and trade, agreed to transfer the development of two oilfields to BP based on the new model of Iranian oil contracts, known as Integrated Petroleum Contract (IPC), which is due to be unveiled soon. ---snip---...
  • The Conventional Wisdom on Putin is Dangerously Wrong It's not about 'order'—it's about empire

    10/08/2015 5:28:01 AM PDT · by lbryce · 17 replies
    Washington Beacon ^ | October 8,2015 | Aaron Mclean
    The official Washington line on Vladimir Putin’s military action is as follows: It is a mistake, demonstrating Russian weakness, sure to get the Russian military stuck in a “quagmire,” according to President Obama. Josh Earnest, the president’s press secretary, took that observation one further, comparing Putin’s policies to those of the Bush administration (the sickest of White House burns) by arguing the Russians “will not succeed in imposing a military solution” just as the U.S. did not succeed in imposing one in Iraq. Adopting the characteristic snark of his boss, at a later press conference Earnest assessed Putin not to...
  • Russian intelligence accused of silencing anti Arctic drilling Norwegian newspaper editor

    10/07/2015 2:05:45 PM PDT · by Trumpinator · 4 replies ^ | Tuesday 6 October 2015 10.04 EDT | Karl Mathiesen
    A Norwegian Arctic newspaper editor who has extensively covered oil drilling in the region was sacked at the behest of the Russian intelligence service, according to Norway’s public service broadcaster. ....snip.... In what could develop into a scandal in the European Arctic, Nilsen was last week controversially fired as editor of the Barents Observer for having “acted disloyally” to the newspaper’s owners. The title is owned by Norwegian Barents Secretariat (NBS), a local government body that promotes good relations with Russia in a region where the two nations cooperate and compete over fishing, oil and military strategy. Remaining Observer staff,...
  • Saudi Arabia cuts oil prices amid OPEC price war

    10/07/2015 12:50:47 PM PDT · by Lorianne · 30 replies
    Market Watch ^ | 04 October 2015 | Benoit Faucon
    Saudi Arabia on Sunday made deep reductions to the prices it charges for its oil, hard on the heels of cuts last month by rival producers in the Gulf. With U.S. production still increasing despite lower oil prices, members of the Organization of the Petroleum Exporting Countries are battling to keep their share of the last growing markets in Asia. In a list of official prices sent to customers, state-oil company Saudi Aramco cut the price of its light-crude deliveries to Asia by $1.7 a barrel. As a result, it switched to a discount of $1.6 a barrel against the...
  • Obama calls on nation to ‘refashion the social compact,’ strengthen labor union powers

    10/07/2015 11:26:18 AM PDT · by jazusamo · 28 replies
    The Washington Times ^ | October 7, 2015 | Ben Wolfgang
    President Obama on Wednesday called on U.S. business, labor and political leaders to “refashion the social compact” and strengthen union powers across the country, arguing that the troubling trend of declining middle-class wages can be turned around by redefining the basic principles of workers’ rights. During a speech at a White House summit on working Americans, the president drew a direct link between drops in union membership and the stagnation of most workers’ wages. Mr. Obama also said that workers’ anxiety about their job security and whether they’ll be afford to feed their families contributes to “anti-immigration sentiment” and other...
  • Obama cites labor’s role in US economy amid trade rift

    10/07/2015 11:10:27 AM PDT · by Olog-hai · 3 replies
    Associated Press ^ | Oct. 7, 2015 1:28 PM EDT
    President Barack Obama says labor laws should be strengthened and it should be easier for workers to join unions. Obama made the comments at a White House workers’ summit on Wednesday—just as there’s a rift with labor over a Pacific Rim trade agreement. …
  • India’s Climate Change Bill: $2.5 Trillion (India and China will never spend)

    10/04/2015 10:37:24 AM PDT · by dennisw · 16 replies
    powerlineblog ^ | Posted on October 4, 2015 | Steven Hayward
    There are high expectations for the next UN climate summit taking place in Paris in late November and early December. Obama is determined to get a “binding” international treaty to succeed the failed Kyoto Protocol. One of the major sticking points all along has been the reluctance of developing nations, especially China and India, to commit to significant emissions reductions which would reduce their economic growth. So China, India, and other nations were exempted from the Kyoto Protocol, and now China is the top emitter of greenhouse gases in the world. The strategy for the next treaty will be not...
  • Fracking Firms That Drove Oil Boom Struggle to Survive

    10/01/2015 9:33:40 AM PDT · by Lorianne · 3 replies
    Wall Street Journal ^ | 23 September 2015 | Alison Sider
    Stiff competition, lack of business lead to bankruptcies, distress ___ A wave of bankruptcies and closures is sweeping across the oil patch, with dozens of hydraulic-fracturing companies at risk, industry experts say. Most of the companies that help oil-and-gas explorers drill and frack wells are small, privately owned and just a few years old. They are part of a flood of new entrants in the energy business—one that is drying up as oil prices languish below $50 a barrel. One of the latest casualties is Pro-Stim Services. Launched in 2011 with backing from Turnbridge Capital LLC, a private-equity firm, the...
  • Obama’s Fracking Regulations Take A Serious Hit

    10/01/2015 10:09:27 AM PDT · by bananaman22 · 4 replies ^ | 01-10-2015 | regulate
    On September 30, a federal judge struck down the U.S. Department of Interior’s regulations on hydraulic fracturing, a blow to the Obama administration’s efforts at putting standards on the drilling practice. A U.S. District Judge in Wyoming issued an injunction against the implementation of Interior’s rules. In March 2015, the Bureau of Land Management (part of the Interior Department) issued its final rule for fracking on public lands. According to BLM, there are over 100,000 oil and gas wells on federal lands, over 90 percent of which use fracking. “Current federal well-drilling regulations are more than 30 years old and...
  • Earthquakes and Fracking: THE JACKI DAILY SHOW

    09/28/2015 5:06:39 PM PDT · by RaceBannon · 23 replies
    The Jacki Daily Show ^ | 5/18/15 | Jacki Daily
    Steve Everley is the National Spokesperson for He addresses claims about earthquakes and frac’ing and the data showing the positive impact that frac’ing and development brings to property values.
  • Scientists solve the riddle of deep ocean carbon

    09/28/2015 11:43:10 AM PDT · by JimSEA · 19 replies
    Science Daily ^ | 9/28/2015 | Jeffery Hawk, et al
    A crucial process has been identified to explain the reason why dissolved organic carbon (DOC) levels in the deep oceans are constant despite a continuous supply from the surface ocean. This research has been published today in the journal Nature Geoscience and was conducted by scientists from the National Oceanography Centre (NOC) and The University of Southampton. Dr Jeff Hawkes, the lead author of this study, from the NOC said: "There has been a long outstanding question about whether hydrothermal vents are a source or sink of organic carbon to the oceans. We have shown that hydrothermal vent fluids contain...
  • Saudi royal calls for regime change in Riyadh

    09/28/2015 11:31:10 AM PDT · by tcrlaf · 11 replies
    UK Guardian ^ | 9-28-2015 | Hugh Miles
    A senior Saudi prince has launched an unprecedented call for change in the country’s leadership, as it faces its biggest challenge in years in the form of war, plummeting oil prices and criticism of its management of Mecca, scene of last week’s hajj tragedy. The prince, one of the grandsons of the state’s founder, Abdulaziz Ibn Saud, has told the Guardian that there is disquiet among the royal family – and among the wider public – at the leadership of King Salman, who acceded the throne in January.
  • OPEC’s Family Feud

    09/28/2015 5:47:49 AM PDT · by thackney · 17 replies
    Hellenic Shipping News ^ | 9/28/2015 | Hellenic Shipping News
    When Venezuelan Oil Minister Juan Pablo Pérez Alfonso resigned in 1963, he blasted the Organization of Petroleum Exporting Countries, at the time torn by internal rivalries, for failing to produce any benefits for his country. Half a century later, OPEC is still split and Venezuela is again unhappy, this time at the unwillingness of the organization’s top producer, Saudi Arabia, to rescue oil prices from a six-year low that’s dragging the battered Venezuelan economy into an even deeper crisis. On Sept. 10, Venezuela’s oil minister, Eulogio del Pino, tweeted appeals for OPEC and non-OPEC countries “to have a discussion on...
  • Green Jobs Fail-CA’s “Critters Before Humans” Water Policy-TX’s New Earthquake & Fracking Study

    09/24/2015 5:46:28 PM PDT · by RaceBannon · 1 replies
    The Jacki Daily Show ^ | The Jacki Daily Show
    Green Jobs Fail-CA’s “Critters Before Humans” Water Policy-TX’s New Earthquake & Fracking Study
  • Hillary Clinton: I Oppose the Keystone XL Pipeline (to combat global warming)

    09/22/2015 1:58:44 PM PDT · by Zakeet · 35 replies
    NBC News ^ | September 22, 2015 | Monica Alba and Carrie Dann
    After months of declining to take a position on the Keystone XL pipeline, Democratic presidential candidate Hillary Clinton says she opposes the construction of the project. "I think it is imperative that we look at the Keystone XL pipeline as what I believe it is: A distraction from the important work we have to do to combat climate change, and, unfortunately from my perspective, one that interferes with our ability to move forward and deal with other issues," she said during a campaign event in Iowa Tuesday. "Therefore, I oppose it. I oppose it because I don't think it's in...
  • VIDEO: The Future of Fracking

    09/18/2015 2:56:57 PM PDT · by RaceBannon · 7 replies
    The Jacki Daily Show ^ | 2/9/15 | Jacki Daily
    Texas Railroad Commissioner Christi Craddick Discusses the Future of Fracking in Texas
  • Russia Says It May Send Troops Into Combat In Syria As A Worried Netanyahu Heads To Moscow

    09/18/2015 7:37:11 AM PDT · by Wilderness Conservative · 27 replies
    Zero Hedge ^ | 9/18/15
    On Thursday evening, we detailed a Reuters report which suggested that the influx of Russian technical and logistical support to Bashar al-Assad’s depleted army at Latakia might have breathed new life into the regime as it seeks to rout Islamic State and a whole host of other armed groups fighting for control of Syria. “Foreign Minister Walid al-Moualem said on Thursday Russia had provided new weapons and trained Syrian troops how to use them,” Reuters said, before describing what certainly sounds like an invigorated air campaign against the de facto ISIS capital at Raqqa. Importantly, al-Moualem also indicated that Syria...
  • Why we must lift the ban on exporting crude oil

    09/17/2015 5:04:27 PM PDT · by RaceBannon · 2 replies
    The Jacki Daily Show ^ | 7/6/2015 | Jacki Pick
    Economist Ed Ireland who Chairs the Barnett Shale Energy Education Council shares his expertise on hydraulic fracturing or “fracking” and why we should not fear that it is possible for the U.S. to run short on energy if we export. Exports would be a boom for job creation and wealth creation for the middle class.
  • Trolls on tour: how Kremlin money buys Western journalists

    09/17/2015 1:58:13 AM PDT · by AdmSmith · 7 replies
    Euromaidan Press ^ | 2015/08/20 | Kentrails Research collective
    In the summer of 2014, a photographic exhibition on the conflicts in Ukraine and Syria appeared in Berlin and Brussels. Its advertising promised to present a “balanced, truthful picture.” The organizers meticulously disguised their identities. At the same time, they offered huge amounts of money to Western journalists without mentioning the conditions. The Kentrails research collective, an antifascist watchgroup, has researched the exhibition’s background and uncovered a propaganda network in which Russian right-wing extremists collaborate with the Kremlin-associated St. Petersburg “troll factory” in an attempt to impact the Western public.
  • Jacki Daily Show:Unvieling the anti-fracking movement

    09/16/2015 3:14:51 PM PDT · by RaceBannon · 9 replies
    The Jacki Daily Show ^ | 9/14/2015 | Jacki Pick
    Unveiling the AntiFracking Movement & How Fracking Brings Manufacturing Boom 9/14/15
  • NO SEA LEVEL danger from Antarctic this century, even if ALL COAL and OIL burned

    09/15/2015 9:17:58 AM PDT · by dayglored · 22 replies
    The Register ^ | Sep 15, 2015 | Lewis Page
    Hardcore warmist's amazing admission One of the world's most firmly global-warmist scientists has put his name to a scientific paper which says that even if humanity deliberately sets out to burn all the fossil fuels it can find, as fast as it can, there will be no troublesome sea level rise due to melting Antarctic ice this century. Dr Ken Caldeira's credentials as a global warmist are impeccable. He is not a true green hardliner - he has signed a plea to his fellow greens to get over their objections to nuclear power, for instance, and he doesn't totally rule...
  • California’s Climate Change Revolt

    09/12/2015 4:39:06 PM PDT · by Brad from Tennessee · 57 replies
    Wall Street Journal ^ | September 11, 2015 | Editorial
    The environmental lobby has tried to turn climate change into a social justice issue even though its anticarbon policies disproportionately harm the poor. Honest Democrats are starting to admit this, as we saw in this week’s stunning revolt in the California legislature. Jerry Brown doesn’t have much to show for his second turn in Sacramento, and of late he has focused his legacy attention on reducing carbon emissions. The Governor hailed California as a model of green virtue at the Vatican this summer and had hoped to flaunt sweeping new anticarbon regulations at the U.N’s climate-change summit in Paris this...
  • In historic first, US icebreaker reaches North Pole: What will it do there?

    09/10/2015 11:03:13 AM PDT · by thackney · 60 replies
    Christian Science Monitor ^ | SEPTEMBER 10, 2015 | Kevin Truong
    Our nation's youngest icebreaker – US Coast Guard Cutter Healy – is all grown up, becoming the first US surface ship Saturday to make the trip to the North Pole unaccompanied. Submarines normally follow ships underneath the ice. Admittedly, "all grown up" might be the wrong phrase, Healy is a 420-foot, 16,000-ton, 30,000-horsepower ship, that’s capable of breaking more than 10 feet of ice. The vessel made the journey from Dutch Harbor, Alaska, in less than a month, powering through the frigid water and enormous blocks of ice one week ahead of schedule. In addition to helping the Coast Guard’s...
  • Obama calls for more icebreakers despite lack of funds [global warming alert!]

    09/08/2015 5:32:04 PM PDT · by markomalley · 9 replies
    Washington Times ^ | 9/8/15 | Rowan Scarborough
    President Obama’s urgent call to construct a new fleet of heavy Coast Guard icebreakers to monitor the contested Arctic is belied by his recent budgets that slashed funding for even one new ship. Mr. Obama, in a game of polar ice chess with Russian President Vladimir Putin and his 40-plus icebreakers, made the gap one of his themes as he toured Alaska last week. Officials say the U.S. needs to keep pace in the face of an increasingly serious challenge by Russia, which is making new territorial claims on the Arctic. But even by the White House’s own internal projections,...
  • Palin eyeing energy secretary in potential Trump administration

    09/06/2015 6:30:29 AM PDT · by RoosterRedux · 49 replies
    CNN ^ | Eugene Scott
    Sarah Palin knows the position she wants in a Donald Trump administration: Energy secretary. "I think a lot about the Department of Energy, because energy is my baby: oil and gas and minerals, those things that God has dumped on this part of the Earth for mankind's use instead of us relying on unfriendly foreign nations," she told CNN's Jake Tapper in an interview that aired Sunday on "State of the Union." But Palin, the GOP's 2008 vice presidential nominee, might be the first potential cabinet member to openly speak about dissolving their office.
  • Sarah Palin on (CNN) State of the Union with Jake Tapper Sunday

    09/05/2015 7:11:50 PM PDT · by Resettozero · 19 replies
    Sarah Palin Facebook ^ | September 5, 2015 | Sarah Palin
    <p>Look forward to joining @JakeTapper on @CNNSotu this Sunday from Alaska! We'll discuss what @POTUS missed during his visit to the "Last Frontier"!</p>
  • Palin eyeing energy secretary in Trump WH - I'd get rid of the Energy Department, Palin says

    09/06/2015 9:59:15 AM PDT · by E. Pluribus Unum · 40 replies
    CNN via ^ | 09/06/2015 | Eugene Scott CNN
    WASHINGTON (CNN) —Sarah Palin knows the position she wants in a Donald Trump administration: Energy secretary. "I think a lot about the Department of Energy, because energy is my baby: oil and gas and minerals, those things that God has dumped on this part of the Earth for mankind's use instead of us relying on unfriendly foreign nations," she told CNN's Jake Tapper in an interview that aired Sunday on "State of the Union." But Palin, the GOP's 2008 vice presidential nominee, might be the first potential cabinet member to openly speak about dissolving their office.
  • ‘Frack now, pay later,’ top services companies say amid oil crash

    09/05/2015 5:26:11 PM PDT · by Lorianne · 5 replies
    Reuters ^ | 07 August 2015 | Terry Wade and Anna Driver
    Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. It amounts to this: "frack now and pay later." The moves by the world's No. 1 and No. 2 oil services companies show how they are scrambling to book sales of new technologies to customers short of cash after a 60 percent slide in crude to $45 a barrel. In some cases, they are willing to take on the role of traditional lenders, like banks, which have...
  • Crude Swap with Mexico – The Heavy and The Light

    09/02/2015 9:52:19 AM PDT · by thackney · 10 replies
    drilling info ^ | September 1, 2015 | Eric Roach
    On August 14 the Obama Administration announced that the Commerce Department would approve applications to export up to 100,000 barrels of light crude per day to Mexico in a swap arrangement for an equivalent volume of heavy crude from Mexico. This type of export has previously been available between The US and Canada, and perhaps indicates willingness to eventually repeal the crude export ban. Here’s a quick little recap and analysis of the situation. WHY IS THIS A BIG DEAL? After the 1975 oil shock, The United States banned the export of crude oil in order to stabilize the price....
  • Why Did Oil Prices Just Jump By 27 Percent In 3 Days?

    09/02/2015 9:28:45 AM PDT · by bananaman22 · 13 replies ^ | 02-09-2015 | volatile
    Oil prices have posted their strongest rally in years, jumping an astounding 27 percent in the last three trading days of August. While much of the recent price movement defies reason and is enormously magnified by speculative movements by traders to take and cover their bets on oil, still, there were a series of rumors, events, and fresh data that helped contribute to the spike. For example, on August 31, the oil markets woke up to the news that Russian President Vladimir Putin will meet his counterpart from Venezuela to discuss “possible mutual steps” to stabilize oil prices. The meeting...
  • Venezuela Says China to Give $5 Billion Oil Loan

    09/02/2015 4:58:55 AM PDT · by thackney · 10 replies
    Wall Street Journal ^ | Sept. 1, 2015 | Associated Press
    Venezuela’s government, facing a cash crunch amid a slump in oil prices, signed a deal to receive a $5 billion loan from China, President Nicolás Maduro said Tuesday. The funds will go to increase oil production in Venezuela in the coming months, Mr. Maduro said without offering more details during an address from China that was broadcast on Venezuelan state television. Support from Beijing—which also renewed a separate $5 billion loan to Venezuela earlier this year—may offer some relief to bond markets, where Venezuela’s debt securities are rated among the world’s riskiest. Wall Street analysts say the country could default...
  • Saudi Arabia refuses to bow to pressure to cut oil production

    09/02/2015 4:48:02 AM PDT · by thackney · 5 replies
    Market Watch ^ | Sept 1, 2015 | Myra P. Saefong
    Market share continues to be Saudi Arabia’s main concern—and not even $40 oil prices will make it give into peer pressure to cut production. Major oil producers have been trying to convince Saudi Arabia, the Organization of the Petroleum Exporting Countries’ biggest producer, to take the lead and cut production to stem the price declines. But output from the nation instead climbed to about 10.45 million barrels a day in July from 10.1 million in April, according to an estimate from Platts, even though West Texas Intermediate and Brent oil prices are down roughly 15% year to date on the...
  • Crude oil prices dive 7%

    09/01/2015 10:16:59 AM PDT · by thackney · 23 replies
    September 1, 2015 | Matt Egan and Chris Isidore
    A 7% dive to $45 a barrel comes after prices soared higher to close Monday above $49 a barrel -- a nearly 30% rise in three days. Just a week ago, oil plummeted below $38 a barrel for the first time since 2009. The drop in prices Tuesday following the Chinese factory report seemed to make more sense than the rapid rebound. Concerns about a slowdown in Chinese economic growth has been one of the factors driving prices lower. Concerns in markets about a supply glut may have been eased a bit on Monday with a new government report that...
  • The World’s First Clean Oil Sands Project: An Interview With Dr. Gerald Bailey

    09/01/2015 9:29:52 AM PDT · by bananaman22 · 1 replies ^ | 09-01-2015 | sjiek
    fter decades of exhaustive attempts to overcome the dirty reputation of oil sands, we finally have an environmentally-friendly and low cost method to tap into these vast resources in the state of Utah—good news both for Mother Nature and all oil and gas investors. MCW Energy Group’s CEO, former Exxon President of the Arabian Gulf region, Dr. R. Gerald Bailey, tells in an exclusive interview that his hunt for an innovative technology that simultaneously makes money and cleans up the environment is over. The race to capitalize on Utah’s vast oil sands resources is on, and only the ‘clean’—both...
  • Massive Gas Find a Boon for Egypt, Salve for Energy Crisis

    08/31/2015 11:32:16 AM PDT · by Citizen Zed · 3 replies
    abc news ^ | 8-31-2015 | associated press
    The new "supergiant" offshore field revealed a day earlier by Italy's Eni SpA and billed as the "largest-ever" found in the Mediterranean Sea could alleviate the Arab world's most populous nation's need for gas imports, they said. The latest discovery represents about half of Egypt's current gas needs, and will cut its trade deficit and help bring in tax revenue when it comes online in some five years, said Angus Blair of investment advisory firm Signet. "It's a very useful positive economic factor in Egypt," he said. "Obviously it will help President (Abdel-Fattah) el-Sissi and the government, but to look...
  • Business Insider: The Latest Oil Price Crash has ‘Everyone on Pins and Needles’ in Texas

    08/31/2015 8:32:28 AM PDT · by E. Pluribus Unum · 18 replies
    Breitbart ^ | 08/31/2015 | Breitbart Texas
    Editor’s Note: This story by Miles Udland first appeared online on We reprint in part here.Manufacturing activity in Texas collapsed in August. And the fear is all about oil.The latest manufacturing index from the Dallas Fed came in at -15.8, way below expectations.
  • Solyndra autopsy: Did Inspector General go too easy on Department of Energy?

    08/31/2015 7:36:55 AM PDT · by george76 · 5 replies
    Watchdog ^ | August 31, 2015 | Rob Nikolewski
    An Inspector General of the Department of Energy report that picked over the bones of the Solyndra green energy fiasco placed most of the blame on Solyndra executives for losing more than $500 million in taxpayer money. But a close reading shows DOE made plenty of mistakes as well. The report authored by DOE Inspector General Gregory H. Friedman came just short of calling Solyndra’s highest officials liars, saying their actions during the loan process were “at best, reckless and irresponsible or, at worst, an orchestrated effort to knowingly and intentionally deceive and mislead the Department.” While the 13-page report...
  • Oil, America’s inexhaustible resource Welcome to the age of energy abundance

    08/31/2015 6:52:10 AM PDT · by bestintxas · 24 replies
    wash times ^ | 8/31/15 | s moore
    “The United States of America cannot afford to bet our long-term prosperity, our long-term security on a resource that will eventually run out, and even before it runs out will get more expensive to extract from the ground. — Barack Obama, 2011. In August 1859 on the eve of the Civil War, Col. Edwin Laurentine Drake completed the first commercial oil well in the United States on Oil Creek just outside of Titusville, Pa. Over the next century and a half, oil and gas companies have extracted tens of billions of barrels of oil from the ground from California to...
  • Oil exports could lower gas prices, federal study says

    09/02/2015 4:56:44 AM PDT · by thackney · 22 replies
    The Washington Times ^ | September 1, 2015 | Ben Wolfgang
    The Obama administration confirmed Tuesday that ending the nation’s 40-year-old ban on crude oil exports will not drive up domestic gasoline prices and could even save consumers money at the pump. Tuesday’s report from the Energy Information Administration puts even more pressure on Mr. Obama, who so far has been reluctant to reverse the export ban and allow oil and gas companies to sell fuel abroad. The White House last month did approve limited crude oil sales to Mexico, but critics say the president should go much further and allow the U.S. energy industry — which has revitalized economies across...
  • Oil, America's Inexhaustible Resource

    09/01/2015 7:06:58 AM PDT · by Kaslin · 14 replies ^ | September 1, 2015 | Stephen Moore
    "The United States of America cannot afford to bet our long-term prosperity, our long-term security on a resource that will eventually run out, and even before it runs out will get more and more expensive to extract from the ground." -- Barack Obama, 2011. In August 1859 on the eve of the Civil War, Col. Edwin Laurentine Drake completed the first commercial oil well in the United States on Oil Creek just outside of Titusville, Pa. Over the next century and a half, oil and gas companies have extracted tens of billions of barrels of oil from the ground...
  • Canadian Oil Sands Halts Crude Production at Oil-Sands Giant Syncrude {Fire}

    08/31/2015 5:33:50 AM PDT · by thackney · 5 replies
    Wall Street Journal ^ | Aug. 31, 2015 | CHESTER DAWSON
    Canadian Oil Sands Ltd., the largest owner of the giant Syncrude oil-sands project, said on Sunday that it has halted production after a fire damaged equipment at its synthetic crude oil processing facility in northern Alberta. The company said the fire, which occurred early Saturday and was extinguished without any injuries, affected pipes connected to a water treatment unit at Syncrude’s heavy oil upgrader on the site of its Mildred Lake oil-sands surface mine. The cause of the blaze is under investigation, it said. While the upgrader’s core machinery wasn’t damaged and the strip mine continues to operate, Canadian Oil...
  • Russia Claims North Pole for Itself, Plants Titanium Russian Flag on Floor of Arctic Ocean

    09/01/2015 3:57:59 PM PDT · by Libloather · 24 replies
    Free Beacon ^ | 8/05/15 | Morgan Chalfant
    Russia formally staked its claim Tuesday to a large portion of the Arctic Ocean that includes the North Pole, even planting a flag on the floor of the ocean below the area to exercise its control. If the United Nations committee that arbitrates sea boundaries accepts Russia’s claim, the waters will be subject to Moscow’s oversight on economic matters, including fishing and oil and gas drilling, though Russia will not have full sovereignty. Under a 1982 United Nations convention, the Law of the Sea, a nation may claim an exclusive economic zone over the continental shelf abutting its shores. If...
  • Judge blocks Obama EPA rule as federal power grab over state waters

    08/27/2015 2:44:50 PM PDT · by jazusamo · 38 replies
    The Washington Times ^ | August 27, 2015 | James MacPherson - Associated Press
    BISMARCK, N.D. — A federal judge in North Dakota on Thursday blocked a new Obama administration rule that would give the federal government jurisdiction over some state waterways. U.S. District Judge Ralph Erickson of North Dakota issued a temporary injunction against a the rule, which gives the U.S. Environmental Protection Agency and Army Corps of Engineers authority to protect some streams, tributaries and wetlands under the Clean Water Act. The rule was scheduled to take effect Friday. “The risk of irreparable harm to the states is both imminent and likely,” Judge Erickson said in blocking the rule from taking effect....
  • Egypt turns to Russia to combat terrorism

    08/26/2015 8:01:16 PM PDT · by Navy Patriot · 71 replies
    Yahoo News ^ | August 26,2015 | AP
    Russian President Vladimir Putin and Egyptian President Abdel-Fattah el-Sissi on Wednesday called for a coalition to combat terrorism in the Middle East. Opening a meeting with Putin in Moscow, el-Sissi said "the Egyptian people" are hoping for broader ties with Russia in all areas, particularly in fighting terrorism in the Middle East. El-Sissi's Russian visit, his second in the past three months, highlights Moscow's attempts to expand its influence in Egypt at a time when Egyptian-U.S. relations have soured in the aftermath of the ouster of Islamist President Mohammed Morsi.
  • Oil’s Down, Gasoline Isn’t — What’s Up With That?

    A little more than a year ago, oil prices were above $100 a barrel. The national average for gasoline was in the $3.50 range. In late spring, oil was $60-ish and the national average for gas was around $2.70. The price of a barrel of oil has plunged to $40 and below—yet, prices at the pump are just slightly less than they were when oil was almost double what it is today. Oil and gasoline prices usually travel up or down in sync. But a few weeks ago the trend lines crossed and oil continued the sharp decline while gasoline...
  • Mankind threatened by global cooling, not warming

    08/25/2015 7:54:08 AM PDT · by rktman · 37 replies ^ | 8/25/2015 | Bob Unruh
    As the Obama administration creates policy based on the premise that the planet is warming, more and more scientists are concluding the real danger is global cooling. One recently painted this scenario: Food shortages from crop failures brought on by cold weather during the summers will produce civil unrest, as in “huge civil unrest.” “There’s no question of will it occur … but exactly when,” said David Dilley, a former NOAA meteorologist and the current senior research scientist at Global Weather Oscillations. He gave a presentation recently on “Mind Your Own Business TV” with Debi Davis.
  • The week that was: George Soros and Tom Steyer take their lumps

    08/22/2015 3:30:10 PM PDT · by Twotone · 6 replies
    California Watchdog ^ | Aug. 21, 2015 | Rob Nikolewski
    It’s been a bad week for billionaires and climate change activists Tom Steyer and George Soros. Soros is being labeled a hypocrite for making a $2 million investment in coal while Steyer is catching flak after an investigation by Associated Press revealed that a California proposition Steyer backed in 2012 has not translated into the green energy generation and jobs that were promised.
  • Islamic Leaders Want A Jihad Against Global Warming

    08/22/2015 12:49:46 PM PDT · by aquila48 · 18 replies
    Daily Caller ^ | 08/20/2015 | Michael Bastasch
    A group of influential Muslims is calling on others of their faith to wage a jihad on global warming, and is calling on Islamic governments to reduce their use of fossil fuels ahead of the United Nations climate summit in Paris this year. “Excessive pollution from fossil fuels threatens to destroy the gifts bestowed on us by God, whom we know as Allah – gifts such as a functioning climate, healthy air to breathe, regular seasons, and living oceans,” wrote Islamic leaders from 20 countries after attending a summit in Istanbul, Turkey. “We are driven to conclude from these warnings...
  • Non-Interventionism is America’s Best Policy

    08/22/2015 11:35:28 AM PDT · by Kaslin · 18 replies ^ | August 22, 2015 | Paige Lewis
    Americans do well with moderation. It is in our national DNA. It is also a by-product of the freedom of expression and allowing different perspectives in the public forum. In foreign policy, non-interventionism is the moderate stance, and it has served Americans well in her four hundred or so years. As British subjects, American colonists were compelled to fight for the British crown, until they felt compelled to defend themselves against the king’s army. After centuries of European conflicts dragging Americans into war, national independence yielded a non-interventionist foreign policy for the infant nation. George Washington advised in his farewell...