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Keyword: gas

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  • Cruz Moves to Seize the Moment in Iowa

    12/01/2015 2:03:12 PM PST · by Isara · 23 replies
    Texas Tribune ^ | Nov. 29, 2015 | Patrick Svitek
    U.S. Sen. Ted Cruz, left, speaks at a campaign event on Nov. 28, 2015, in Iowa as U.S. Rep. Louie Gohmert, far right, looks on. (Photo by Patrick Svitek) LENOX, Iowa — On Black Friday, Ted Cruz went out and bought a new pair of boots, knowing he will be spending a good chunk of the next two months in a place more wintry than his humid hometown of Houston. "I surrendered to Iowa's snow and ice," Texas' junior U.S. senator admitted to a group of voters here Saturday afternoon, lifting his pant leg to reveal his purchase. The new footwear...
  • Radio ads hit Iowa: 'Politicians like Ted Cruz are the worst kind'

    12/01/2015 12:52:20 PM PST · by springwater13 · 75 replies
    Ted Cruz is under attack. The Texas senator's rise in Iowa presidential surveys has attracted criticism from all sides. America's Renewable Future, a bipartisan political group with the support of ethanol and agricultural industry workers, unleashed new digital and radio ads attacking Cruz in Iowa. The senator's opposition to ethanol mandates has drawn the ire of ARF, whose ads claim that Cruz's policy proposals "threaten rural Iowa and thousands of jobs." "Politicians like Ted Cruz are the worst kind: Hypocrites," the ad says. "There are millions of reasons Ted Cruz supports Big Oil instead of Iowa farmers. Call politician Ted...
  • Colorado’s skyrocketing electricity prices could get much worse

    11/26/2015 7:59:46 PM PST · by george76 · 49 replies
    Independence Institute ^ | November 24, 2015 | michael
    The cost of electricity for Colorado residents skyrocketed 63 percent between 2001 and 2014, far outpacing median income in the state at just 24 percent over the same time period ... Retail residential electricity rates increased from 7.47 cents per kilowatthour in 2001 to 12.18 cents per kilowatthour by 2014, a 63.1 percent hike. Coloradans median income, however, went up just 24.1 percent, from $49,397 to $61,303. Median income in Colorado actually declined between 2008 and 2012. ... Not to mention the state's many business owners, including small business owners, who face the same hikes in energy costs that could...
  • Calls Key in Terror Case (calls from Albany NY to Syria)

    03/23/2006 7:01:11 PM PST · by prairiebreeze · 18 replies · 1,415+ views
    timesunion.com ^ | March 22, 2006 | BRENDAN LYONS,
    ALBANY -- The spiritual leader of an Albany mosque repeatedly called a phone number in Syria that an FBI report indicates had been used to gather terrorist intelligence for Osama bin Laden, according to classified documents unsealed late Tuesday in U.S. District Court. The FBI report, which was based on information from a confidential informant, was among several once-secret documents that federal authorities say raise questions about Yassin Aref's connections to terrorist organizations across the Middle East. Aref, 35, a Kurdish refugee who moved to Albany with his family in 1999, is in jail without bond while awaiting trial on...
  • Obama Leads But No One Follows In Climate Change Fight

    11/08/2015 6:20:09 AM PST · by george76 · 48 replies
    Energy: The resident wants to decarbonize the planet by killing fossil-fuel production and its high-paying jobs. Almost no other nation is following his lead despite the promises that will be made at the Paris climate summit. Last week we learned in a Reuters report that Asia will build 500 coal-burning electric generation plants this year alone. An additional 1,000 are planned in China, India, Japan, Indonesia and other countries. The latest projections are that 40% of the added power generation in Southeast Asia by 2040 will be coal-fired. Does this sound like a continent that's taking the alarm bells of...
  • Extreme Much? Che Guevara Tribute Kicks Off National Environmental Summit

    11/03/2015 11:41:09 AM PST · by george76 · 35 replies
    The Steamboat Institute ^ | November 2nd, 2015 | Simon Lomax
    It's no secret that many U.S. environmental groups have become more strident and ideological during the Obama residency. But you may be surprised just how extreme they have become. In early October, a national network of environmental groups - called Stop the Frack Attack (STFA) - held a summit in Colorado to discuss their campaign strategies. The STFA alliance is led by Earthworks and includes other well-known national activist groups, such as the Sierra Club, Natural Resources Defense Council and Food & Water Watch. Dozens of smaller groups, which routinely serve as the face of national groups in state- and...
  • We won't compete with Russia (US origin liquefied natural gas as limited export capacity)

    10/26/2015 6:40:26 AM PDT · by Trumpinator · 4 replies
    cnbc.com ^ | 10/26/2015 | Nyshka Chandran
    U.S.-based Cheniere Energy doesn't believe it will become Europe's leading liquefied natural gas (LNG) player despite bullish export plans. The company, headquartered in Houston, is at the forefront of what is being called a U.S. energy renaissance with plans to churn out its first batch of LNG for overseas shipments in the next few months. Export production volumes at its Sabine Pass export terminal are expected at 27 million metric tons per year (mmtpy), a number set to rise to 60 mmtpy by 2025. That's sparked market talk of whether Cheniere could overcome Russia to become Europe's leading supplier once...
  • Is The Oil And Gas Fire Sale About To Start?

    10/16/2015 7:23:14 AM PDT · by bananaman22 · 15 replies
    Oilprice.com ^ | 16-10-2015 | Thomas
    Much has been written about the mounting pile of debt for U.S. oil companies (not to mention the well-known Brazilian oil giant). Not that long ago, many oil and gas companies secured at least a part of their revenue by hedging contracts. Bloomberg already reported in June that many of these companies saw their artificial safety nets vanishing as oil prices failed to recover. One month later, we heard such morale boosting terms as frack now, pay later, which were merely a bold move by struggling oil services companies to encourage cash strapped oil and gas companies to continue operations....
  • Gasoline prices expected to spike

    GasBuddy.com says fuel prices could spike within a week anywhere from 10 to 30 cents a gallon, and they could stay higher for several weeks. Its analysts are blaming aging refineries for unplanned repairs. When those happen, often the oil companies will tackle maintenance issues, too.
  • Smart Meters, Watching Our Lives

    10/05/2015 7:17:06 AM PDT · by Sean_Anthony · 5 replies
    Canada Free Press ^ | 10/05/15 | Dr. Ileana Johnson Paugh
    Unbeknownst to most of us, homes are now fitted with smart water meters, smart gas meters, and smart appliances that communicate with each other and with the mother ship. Under the guise of climate change advocacy which pretends to save the planet from a non-existent anthropogenic global warming, people across the globe have been forced by utilities and their governments to accept smart meters as readers of their electricity consumption. I called these smart meters in my book, U.N. Agenda 21: Environmental Piracy, drones attached to our homes. Smart meters are being deployed without debate and without the informed consent...
  • North Dakotas Housing Boom Is About to Go Bust

    09/29/2015 6:22:54 PM PDT · by posterchild · 27 replies
    The Fiscal Times ^ | Sep 29, 2015 | Beth Braverman
    Real estate developers were too late to the party in North Dakota. Just a few years after fracking sparked a shale oil frenzy that lured thousands of unemployed workers to North Dakota in the hopes of landing high-paying jobs, plummeting oil prices have sapped some oomph from the boom. As workers streamed into North Dakota, temporary camps popped up to meet the demand, and real estate developers followed suit with plans to create thousands of permanent apartments. Related: The North Dakota Boom Thats Going Bust After Oils Plunge But crude oil prices have fallen more than 50 percent in the...
  • Barack Obama's cousin sues Met after colleagues break wind near her desk

    09/23/2015 10:47:26 AM PDT · by ButThreeLeftsDo · 49 replies
    The Telegraph ^ | 9/23/15 | Telegraph Staff
    A British cousin of Barack Obama is suing Scotland Yard over claims colleagues made her life a misery by deliberately breaking wind near her desk. Marie Auma, who related to the US President through her aunt, Kezia Obama, who is his Bracknell, Berkshire-based step-mother, is demanding 400,000 from the Met over claims that she was belittled and humiliated during a two year campaign of harassment.
  • $100B/Yr Climate Finance Challenging, But Possible (global taxes!) - UN Panel (Soros)

    11/06/2010 11:28:07 PM PDT · by SmartInsight · 33 replies
    WSJ ^ | Nov. 5, 2010 | Selina Williams
    Raising $100 billion a year of climate finance by 2020 is challenging, but possible through mechanisms including carbon markets, domestic carbon taxes and a variety of international transportation taxes, a United Nations advisory group said in a report Friday. Earlier this year, the UN's Ban established the panel, which includes U.S. National Economic Council Director Larry Summers, billionaire financier George Soros and Deutsche Bank vice-chairman Caio Koch-Weser. The financing will be used to support mitigation and adaptation efforts in developing countries--in particular, for the poorest and most vulnerable communities.
  • US rejects protections for greater sage grouse across West

    09/22/2015 7:19:05 AM PDT · by george76 · 22 replies
    Townhall ^ | Sep 22, 2015 | Gruver
    The Interior Department said Tuesday that the greater sage grouse, a ground-dwelling bird whose vast range spans 11 Western states, does not need federal protections ... The fight over whether to list the bird as endangered or threatened recalled the battle over the spotted owl 25 years ago, where federal protection greatly impeded the logging economy. ... could help defuse a potential political liability for Democrats heading into the 2016 election; ... House Natural Resources Committee Chairman Rob Bishop said Tuesday's announcement was a "cynical ploy" intended to mask the fact that the Obama administration has imposed limits on development...
  • Meeks Pushed for Iran Sanction Exemption After Azerbaijan Junket

    08/03/2014 9:10:02 AM PDT · by jazusamo · 12 replies
    NLPC | August 3, 2014 | Peter Flaherty
    Theres fallout from the July 27 Houston Chronicle expos of a trip to Azerbaijan by 10 member of the House that violated House rules. The trip was ostensibly sponsored by nonprofit groups but was actually funded by oil companies BP, Conoco Phillips and SOCAR, the national oil company of Azerbaijan. According to the New York Post today: Rep. Gregory Meeks pushed to let an Iran-backed natural-gas project dodge US sanctions after attending an illicit junket paid for by energy companies. Also from the Post: Congressman Meeks went on a 2013 Congressional trip to Baku, Azerbaijan, subsidized in part...
  • Last union mine in Kentucky closes ( War on Coal )

    09/08/2015 1:20:23 PM PDT · by george76 · 6 replies
    ap ^ | Sept. 5, 2015
    The union era's death knell sounded in Kentucky on New Year's Eve, when Patriot Coal announced the closing of its Highland Mine. The underground mine in western Kentucky employed about 400 hourly workers represented by the United Mine Workers of America. ... Union membership remains substantial in West Virginia, with more than 30,000 members, largely because that state wasn't affected by the environmental regulations on high-sulfur coal that essentially halted mining in western Kentucky in the 1990s. Smith said those western Kentucky mine shutdowns led to the loss of about 20,000 union members in two years.
  • U.S. Oil Prices Post Biggest Rise on Percentage Basis Since 2009

    08/27/2015 12:54:40 PM PDT · by abb · 17 replies
    The Wall Street Journal ^ | August 27, 2015 | Christian Berthelsen
    U.S. oil prices soared 10% on Thursday, as a rally in Chinese and U.S. stocks and better-than-expected U.S. economic data prompted a rush by traders to bail out of bearish bets that the market would fall. Traders and analysts at hedge funds, banks and brokerages said supply-and-demand conditions in the oil market remained weak and there appeared to be little fundamental justification for such a strong rally, or expectations of more price gains in the near future. Rather, they said, it appeared to be set off as investors with so-called short positions that profit from falling prices closed those bets...
  • Pentagon: Tests show mustard gas on rounds fired by Islamic State against Kurds

    08/21/2015 12:12:56 PM PDT · by tcrlaf · 16 replies
    Stars andStrips ^ | 8-21-2015 | Tara Copp
    Initial tests on mortar fragments from an Aug. 11 Islamic State attack against Kurdish forces in Iraq have tested positive for the chemical weapon mustard gas, the Pentagon said Friday. A few days after the attack near Makhmour, the Kurdish Peshmerga forces brought fragments from the mortar rounds to U.S. forces. Makhmour is just south of Irbil, where the U.S. has one of its training center sites. We were able to take the fragments and do a field test on those fragments, and they showed the presence of HD, or what is known as sulfur mustard. That is a class...
  • Pentagon: Reports "credible" mustard gas used in ISIS attack

    08/13/2015 7:12:50 PM PDT · by Brad from Tennessee · 27 replies
    CBS News ^ | August 13, 2015
    Pentagon sources tell CBS News that reports are "credible" that the Islamic State of Iraq and Syria (ISIS) likely used mustard gas against Kurdish fighters in Iraq. It is unclear if the gas was leftover from Saddam Hussein stockpiles or if they were brought over from Syria, which would be the two likeliest sources of the gas, said a senior Department of Defense official. The official said the reports are credible because of prior information, but did not elaborate. Mustard gas is considered an "antiquated" weapon that must be used in very large concentrations to be lethal, the official told...
  • Anti-Fracking Ballot Proposal May End All Drilling

    08/12/2015 6:50:11 AM PDT · by MichCapCon · 7 replies
    Capitol Confidential ^ | 8/10/2015 | Jack Spencer
    Anti-fracking activists are at work in Michigan, organizing a ballot campaign to ban the practice in this state. Since May they have been working to collect the 252,523 valid signatures required to place the measure on the November 2016 ballot. Fracking, or more precisely hydraulic fracturing, is a process for extracting oil and natural gas by injecting water, sand and chemicals at high pressure into shale rock below the earths surface. Michigan Capitol Confidential recently communicated about the industry and the proposed ban with Erin McDonough, president and CEO of the Michigan Oil and Gas Association. Before accepting her current...
  • Crude oil is getting smoked (WTI bouncing below $43!)

    08/11/2015 10:30:17 AM PDT · by tcrlaf · 42 replies
    Business Insider ^ | 8-11-2015 | Akin Oyedele
    There goes crude oil again. On Tuesday morning, West Texas Intermediate crude futures in New York fell 4% to as low as $43.03 per barrel. Brent crude, the international benchmark, was also lower, near $50 per barrel, after on Monday having its biggest one-day jump in a month. We got OPEC's latest monthly production numbers Tuesday morning, and they showed that production surged to a three-year high in July. The 12-member oil cartel has overshot its production target for at least a year in a bid to maintain its market share. After what seemed like a recovery in prices around...
  • Jeb Worked With Bloomberg Amid $50 Million Anti-Coal Campaign

    08/11/2015 4:37:48 AM PDT · by george76 · 21 replies
    Daily Caller News ^ | 08/10/2015 | Michael Bastasch
    Presidential candidate and former Gov. Jeb Bush got into some hot water recently over his past work with a foundation run by former New York City Mayor Michael Bloomberg for its funding of Planned Parenthood. What went unnoticed, however, was that Bush worked with Bloomberg as he gave millions to environmental groups to take down the coal industry. Bush, whos looking to win the Republican presidential nomination, served as a founding director of the Bloomberg Family Foundation now called Bloomberg Philanthropies from 2010 through 2014. During Bushs second year with the organization, Bloomberg donated $50 million to the...
  • GROUSE GETTING BUSY! New Report Says Population Has Rebounded ( Colorado, NM ..)

    08/05/2015 2:13:08 PM PDT · by george76 · 10 replies
    ColoradoPeakPolitics ^ | August 5, 2015
    The sage grouse population has exploded in the last two years, growing by nearly two-thirds from more than 49,000 males in 2013 to more than 80,000 this year. ... This is encouraging news for the bird, and for the people whose lives would be turned upside down by the federal government if it still insists on listing the critter as an endangered species on the brink of extinction. The report considered the population across the birds 11-state habitat, with specific news on the growth in Colorado numbers ... The report falls on the heels of a gloom and doom forecast...
  • SB 350 proposes 50-percent fuel cuts for Californians!

    08/04/2015 5:44:43 PM PDT · by 2ndDivisionVet · 26 replies
    The Contra Costa Bee ^ | July 27, 2015
    Take notice if you drive to and from work each day in California. SB 350, known as the California Gas Restriction Act of 2015, (de Len) requires a 50% reduction in petroleum, 50% increase in renewables for electricity generation, and a 50% increase in the energy efficiency of buildings by 2030. SB 350 will also grant the Air Resources Board significant authority to adopt regulations that will result in a 50% reduction in petroleum use in cars and trucks by 2030. In short, unelected regulators will be able to limit how far you can drive, ration gas, increase costs, and...
  • Venezuelas Socialist Paradise: No Food, No Beer, No Toilet Paper, No Freedom

    08/02/2015 4:26:13 PM PDT · by george76 · 51 replies
    Independent Sentinel ^ | July 31, 2015 | S. Noble
    The Socialist Utopia has come to Venezuela and so has triple-digit inflation. Inflation is soaring at about 65%, murder rates are the second highest in the world, they dont have food, chocolate,cooking oil, sugar, beer, shampoo, chicken, beef or even toilet paper. Businesses put the blame on the socialist governments economic policies and the government blames it on everyone else. A number of U.S. movie stars have gone to Venezuela many times to applaud their regime and compare their economy to ours. Sean Penn was one. ... American leftists cheered the Socialist government and the social justice he forced on...
  • Switch to that unicorn power: Obama to announce major escalation of war on energy

    08/02/2015 10:01:12 AM PDT · by E. Pluribus Unum · 39 replies
    Twitchy.com ^ | 08/02/2015 | Twitchy Staff
    Hope you like increasing prices, everyone! #ForTheMiddleClass https://twitter.com/WSJPolitics/status/627796768328183808 Its not like Americans werent warned. All in the name of fighting climate change, of course. Has that ever really been a barrier for this administration?
  • Oil and gas officials scramble after feds review species protections

    07/24/2015 4:01:42 PM PDT · by george76 · 12 replies
    Watchdog ^ | July 3, 2015 | Rob Nikolewski
    Oil and gas producers in one of the most active drilling areas in the country have had to make concessions to not disturb species such as the lesser prairie chicken and the dunes sagebrush lizard. Now industry officials in parts of Texas, Oklahoma and New Mexico may have four other species to contend with: make way for the Cascade Caverns salamander, the Arizona toad, the alligator snapping turtle and the Rio Grande cooter. The U.S. Fish and Wildlife Service announced Tuesday it is giving what it calls status reviews to the four amphibians and reptiles found in the Southwest as...
  • There is Plenty of Money in the Budget for Roads

    07/15/2015 12:50:41 PM PDT · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 7/13/2015 | Jarrett Skorup
    The Michigan state budget is $54.5 billion so why cant legislators find an extra $1.2 billion or so for road funding? Thats the question MLive tries to answer in a video. But they buy into a bad argument in their explanation. Many proponents of raising taxes to increase road funding often say that the total budget number of $54.5 billion is misleading and that lawmakers have only about $10 billion to work with. MLive accepts this argument and assumes new spending for roads can only come from this portion of the state budget. But that is incorrect. While it...

    07/13/2015 11:14:03 AM PDT · by lowbridge · 35 replies
    breitbart ^ | july 13, 2015 | chriss w. street
    GasBuddystarted an emergencypetitionon Friday calling on Governor Brown to obtain an EPA waiver to prevent gasoline price increases of at least 50-cents a gallon in Southern California and 30-cents in Northern California. As Breitbart News warned in December in Brown Needs Oil Trains to Prevent Skyrocketing Energy Prices,: decades of anti-oil-production-policies in the Democrat-controlled state had made residents highly reliant on inconsistent supplies of oil from Iraq and oil trains from North Dakota. With supplies now breaking down, Californians are sure to be angry paying $5 a gallon for gasoline. GasBuddy noted that an extraordinary convergence of fuel supply problems...
  • GOP bill would hike gas tax by 10 cents

    07/09/2015 4:27:26 AM PDT · by GIdget2004 · 35 replies
    The Hill ^ | 07/09/2015 | Keith Laing
    A Republican House member is introducing legislation to increase the federal gas tax by 10 cents-per-gallon to help pay for transportation projects across the nation. The measure, sponsored by Rep. Tom Rice (R-S.C.), would offset the gas tax increase with a $133 income tax credit that would be offered to drivers to minimize the impact of higher prices at the pump. Rice said in an interview with The Hill that his measure would not cost extra money but would give states "certainty" about the availability of federal transportation funding as a July 31 deadline for the expiration of the current...
  • Frack Ban Repealed......

    06/17/2015 7:13:03 AM PDT · by ALASKA · 6 replies
    Denton Record-Chronicle ^ | June 16, 2016 | Peggy Heinkel-Wolfe
    Dentons 7-month-old ban on hydraulic fracturing fell early Wednesday morning in what city leaders dubbed a strategic repeal. Several City Council members said repealing the ban could help neutralize a pair of lawsuits against the city that were on the move again. Council member Greg Johnson called the option the least of three bad choices. Only Council member Keely Briggs voted against the ordinance to repeal, which passed 6-1. The Texas General Land Office and the Texas Oil and Gas Association amended their lawsuits against Denton's ban late Monday. They both cited House Bill 40 as the basis not only...
  • Craig liquor stores pull New Belgium beer for supporting WildEarth Guardians ( Colorado)

    06/09/2015 4:18:31 PM PDT · by george76 · 25 replies
    Steamboat Pilot & Today ^ | June 8, 2015 | Noelle Leavitt Riley
    Liquor stores and restaurants across Craig are pulling Colorado craft beers off their shelves due to the beer companies financial support to WildEarth Guardians, the environmental group that put Colowyo Coal Mine at risk of being shut down. Stockmens Liquor pulled 12 brands of beer including New Belgium Brewery because they are listed as WildEarth Guardians supporters. We pulled those beers because their support of WildEarth Guardians... who said their ultimate goal is to shut down coal mines, said Lori Gillam, owner of Stockmen's. Craig is a coal mine town. WildEarth Guardians has a list of business supporters...
  • EPA pushes forward with biofuels

    05/31/2015 12:22:28 PM PDT · by Signalman · 14 replies
    WUWT ^ | 5/31/2015 | Eric Worral
    US investment in biofuels are to be expanded under proposals advanced by the US EPA. Under the proposed rule announced Friday, the amount of ethanol in the gasoline supply would increase in coming years, just not as much as set out under federal law. That approach drew criticism from ethanol and farm groups that have pushed to keep high volumes of ethanol in gasoline. Democratic presidential candidate Hillary Rodham Clinton has called for a robust renewable fuels standard while campaigning in Iowa, host of the leadoff presidential caucuses next year. In a bid to ethanol producers, the administration also...
  • Controversy over global warming in Wyoming school curriculum

    05/23/2015 6:08:31 AM PDT · by george76 · 40 replies
    Eagle News ^ | May 22, 2015 | Victor Skinner
    The proposed adoption of $300,000 worth of reading materials for Cody, Wyoming students stalled this week amid criticisms about the curriculums very liberal, very slanted view of the world. School board and community members spoke out against a slate of proposed materials for K-12 students that cover topics like global warming, evolution and race. The materials are published by education giant Pearson and Boston publisher Houghton Mifflin Harcourt ... that aligns with the national Common Core standards. But many in the community are concerned about how the texts address issues like global warming, which is treated as settled science ......
  • Letter presses feds to keep mine open ( Colorado)

    05/22/2015 8:24:53 AM PDT · by george76 · 6 replies
    Grand Junction Media ^ | May 21, 2015 | Gary Harmon
    The U.S. Department of the Interior should do all it can to keep open the Colowyo coal mine in northwest Colorado, U.S. Rep. Scott Tipton and Sen. Cory Gardner, both Colorado Republicans, said in a letter to Interior Secretary Sally Jewell. ... Colowyo Mine employs 220 people in Moffat and Rio Blanco counties and has a payroll of about $20 million, Tipton wrote to Jewell, asking that Interior react quickly to a federal court ruling that could force closure of the mine. The adverse effects of shutting down this mine go beyond the jobs at the mine that would be...
  • Oregon to test pay-per-mile idea as replacement for gas tax

    05/20/2015 11:34:05 AM PDT · by Timber Rattler · 27 replies
    AP ^ | May 20, 2015 | GOSIA WOZNIACKA
    Oregon is about to embark on a first-in-the-nation program that aims to charge car owners not for the fuel they use, but for the miles they drive. The program is meant to help the state raise more revenue to pay for road and bridge projects at a time when money generated from gasoline taxes are declining across the country, in part, because of greater fuel efficiency and the increasing popularity of fuel-efficient, hybrid and electric cars. Starting July 1, up to 5,000 volunteers in Oregon can sign up to drive with devices that collect data on how much they have...
  • Fossil Fuel Investments Yield Big Returns for State Pension Funds

    05/19/2015 2:09:00 PM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 5/15/2015 | Tom Gantert
    The oil and gas industry has been one of the better investments made by Michigans two largest government employee pension funds, according to a recent report by Sonecon LLC, a Washington D.C. economic advisory firm. The report examined the combined investment returns of Michigan's separate pension funds for school and state employees. Together, their investments in oil and natural gas companies gave a rate of return that was 37 percentage points higher than the return on all of their investments. Oil and gas investments outpaced investments in other industries by 43 percentage points. Due to chronic underfunding, both pension funds...
  • The Death of the Green Energy Movement

    05/17/2015 8:56:44 PM PDT · by iowamark · 19 replies
    The Daily Signal ^ | May 08, 2015 | Stephen Moore
    The green energy movement in America is dead. May it rest in peace. No, a majority of American energy over the next 20 years is not going to come from windmills and solar panels. One important lesson to be learned from the green energy fads rapid and expensive demise is that central planning doesnt work. What crushed green energy was the boom in shale oil and gas along with the steep decline in the price of fossil fuel that few saw coming just a few years ago. A new International Energy Agency report concedes that green energy is in fast...
  • Sierra Club Caught in Anti-Coal Fakery ( North Carolina )

    05/08/2015 4:20:06 PM PDT · by george76 · 4 replies
    National Review ^ | May 6, 2015 | Jillian Kay Melchior
    A petition to close down a coal plant from the green group listed some supporters who say they hadnt signed on. ... three western North Carolina businesses accused the green group of listing them without permission as co-signatories on a businesses beyond coal campaign letter. The Sierra Club listed 80 businesses as co-signatories last October in a letter it widely publicized, calling for Duke Energy to retire its coal plant in Asheville. ... National Review reached out to the remaining 61 businesses listed in the Sierra Club letter. Though it was unable to reach all of the owners, it found...
  • Garfield County officials: BLM sage-grouse plans take turn for worse ( Colorado and )

    05/05/2015 9:34:50 AM PDT · by george76 · 7 replies
    Grand Junction Sentinel ^ | May 4, 2015 | Dennis Webb
    Garfield County officials said Monday the Bureau of Land Management is considering even-stricter measures to protect greater sage-grouse than previously contemplated, rather than listening to concerns the county and others have raised. As a cooperating agency, the county got an advance look Friday at the revised proposal the agency is now considering. It is very dramatic in terms of the changes (from a draft BLM proposal) that are being proposed, Fred Jarman, the countys community development director, told county commissioners Monday. Jarman and Garfield Commissioner Tom Jankovsky said the proposed measures are the result of directives coming from Washington, D.C....
  • How The Majors Are Playing The Oil Price Slump

    04/23/2015 10:01:42 AM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 23-04-2015 | strategy or die
    The largest oil and gas companies are employing different strategies to weather the downturn and plan for the future. Each strategy has its risks, and not all may work out. Which companies will emerge stronger after an oil price rebound and which will fall further behind because of bad decisions? There are different ways to play a down cycle. With oil prices half of what they were in 2014, revenues are significantly lower for everyone across the board. As a result, the oil industry has collectively implemented an estimated $114 billion in spending cuts. But oil executives are also trying...
  • Greece May Sign Russia Gas Deal As Soon As Today

    04/21/2015 9:56:47 AM PDT · by tcrlaf · 8 replies
    Zerohedge ^ | 4-21-2015 | Durden
    It appears that Herr Schaeuble will be left in the cold as following comments from the Greek energy minister that a deal is coming soon: -RUSSIA MAY SIGN GAS LINK ACCORD W/GREECE TODAY: ROSSIYA 24 According to Gazprom's CEO comments on Greek TV, following his meeting with Greek PM Tsipras, Russia will guarantee 47BCM/YR of gas via Greece with the link to be built by a Russian-European group at a cost of around E2 billion. SNIP As a reminder, Russia is not acting out of the kindness of his heart, but merely engaging in another calculated move, one which kills...
  • Gas-Line Explosion in Fresno Injures Multiple People, Shuts Down Highway 99

    04/17/2015 6:39:25 PM PDT · by BenLurkin · 12 replies
    At least five people were rushed to the hospital with burns after a major gas line explosion at the Fresno County Sheriffs Office gun range, a department official said. The blast occurred about 2:30 p.m. behind the range in an area under construction, said Lt. John Zanoni. The injured did not include Sheriffs Office employees, he said. No firearms were involved in the explosion. Fresno Fire Department spokesman Pete Martinez said witnesses reported a ball of fire that burned multiple people.
  • Scientists seek source of giant methane mass over Southwest

    04/12/2015 12:30:53 PM PDT · by ImJustAnotherOkie · 84 replies
    Fox News ^ | Published April 10, 2015 | AP
    DENVER Scientists are working to pinpoint the source of a giant mass of methane hanging over the southwestern U.S., which a study found to be the country's largest concentration of the greenhouse gas. The report that revealed the methane hot spot over the Four Corners region where Colorado, New Mexico, Utah and Arizona meet was released last year.
  • Mayor Hates the Frackers, Loves Their Money

    04/09/2015 12:41:35 PM PDT · by MichCapCon · 8 replies
    Michigan Capitol Confidential ^ | 4/8/2015 | Tom Gantert
    Grand Rapids Mayor George Heartwell has become a hero to the global warming movement with his anti-oil comments. The mayor has said, Our planet is sick and it is we who have infected it. In a January speech, Heartwell called for an end to hydraulic fracturing (commonly known as fracking) and said he would ask the county and governor to do the same. However, Heartwell appears to have no problem with taking money collected from oil companies for using hydraulic fracturing when drilling on state land to fund city government spending. MLive reported that Grand Rapids plans to request a...
  • Don't expect oil prices to rebound anytime soon

    04/02/2015 12:15:57 PM PDT · by Perkinsbob54 · 12 replies
    High Country News ^ | 3/8/15 | Jonathan Thompson |
    Its not even 8 a.m. and rush hour is on in northwestern New Mexico. Dozens of big white trucks and water tankers, neon flags flying, head north to the gas patch. Im driving south, through Aztec, and as I pass the retro-orange A&W on the edge of town, I pull up alongside a drilling rig. The things huge, too huge, it seems, to be rolling along the same road as my little Nissan. Yet the strange, rolling infrastructure has been a familiar site around here for decades back in 1948, when a UFO purportedly crashed out on a nearby...
  • Gasoline use at lowest rate in three decades

    03/27/2015 8:05:48 AM PDT · by fruser1 · 19 replies
    Average fuel consumption by American drivers is at its lowest level in at least 30 years, says a University of Michigan researcher... "Despite population growth of 8 percent, the absolute amount of fuel consumed by light-duty vehicles decreased by 11 percent during the period 2004the year of maximum consumptionthrough 2013," said Sivak, a research professor at UMTRI and director of the Sustainable Worldwide Transportation research consortium... Sivak said that although economic factors likely contributed to declining rates of vehicle ownership and distance driven, other societal changes such as increased telecommuting, use of public transportation and urbanization of the population, along...
  • New Natural Resources chief looks to overhaul federal land policy [energy, grazing, state run]

    03/23/2015 6:07:48 AM PDT · by Cincinatus' Wife · 8 replies
    Washington Examiner ^ | March 23, 2015 | Zack Colman interviews Rep. Rob Bishop (UT)
    Rep. Rob Bishop has a radical plan for changing public land policy, and it starts with an experiment in his home state of Utah. The Republican is known for shaking things up with his dry sense of humor and occasional belligerence toward Obama administration officials. Easily identified by his three-piece suits and coiffed white hair, the new House Natural Resources Committee chairman is trying to turn his panel from a legislative backwater into a driver of reform. Washington Examiner: With the Land and Water Conservation Fund, I hear a lot about how the states need more control. But how can...
  • Stop MN Gas Tax Hike

    03/18/2015 6:06:18 AM PDT · by TurboZamboni · 7 replies
    galt.io ^ | 3-17-15 | MR RIGHT
    So Governor Mark Dayton of Minnesota wants another new tax--this time adding a 6.5% gas tax at the wholesale level, along with license fee increases and a new metro-wide sales tax for, you guessed it, mass transit. A lack of government revenue isn't what plagues our roads. About 25% of the current federal gas tax of 18.4 (not including diesel) cents per gallon is siphoned off for non-highway uses, primarily via the Mass Transit Account. As a result, the HTF must now rely on general fund bailouts to survive. Recent history here in Minnesota also proves a similar point. In...
  • Kimberley gas plant protesters left nothing for people

    03/12/2015 1:53:44 PM PDT · by naturalman1975 · 4 replies
    The Australian ^ | 13th March 2015 | Andrew Burrell
    THE Aboriginal leader who backed a $40 billion gas plant in the Kimberley as a way of creating indigenous jobs has attacked extreme nutter environmentalists who he says derailed the plan but have since done nothing to help the regions impoverished people. Wayne Bergmann, a businessman and former head of the Kimberley Land Council, told an oil and gas conference in Perth yesterday that suicide rates and unemployment were rising in the Kimberley due to a paucity of jobs, especially for younger people. Telstra director Geoff Cousins and singers Missy Higgins and John Butler were among those who opposed the...