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Keyword: keystonexl

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  • Close Call: Obama Successfully Avoids Another Presidential Moment

    04/22/2014 10:23:48 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | April 22, 2014 | Michael Schaus
    It’s beginning to look like President Obama has developed a chronic aversion to anything that might be mistaken for “leadership” in his second term. The Keystone XL pipeline was, again, delayed until after the 2014 elections. Of course, then again, maybe this wasn’t political. Maybe the White House just likes watching oil company stocks take a hit every once in a while. TransCanada stock took a beating after it was announced that Obama would once again push the no-brainer decision on the Keystone pipeline until after the 2014 elections. And, while it literally figuratively kills me to write the following...
  • New Keystone XL Delay: 'A Stunning Act Of Political Cowardice'

    04/22/2014 5:36:56 AM PDT · by thackney · 19 replies
    Forbes ^ | 4/21/2014 | Christopher Helman
    Whenever businesses and bureaucrats don’t have the guts to stand behind a decision they’ve made, they release the news late on a Friday. In the case of the Obama administration’s move to delay indefinitely a decision to approve or deny the Keystone XL pipeline, it speaks volumes that the announcement was made not just on any Friday, but on the convergence of Good Friday and Passover. Got to be just coincidence, right? The cover story is that another delay in the five-year Keystone saga couldn’t be avoided because of unresolved legal issues over land seizures in Nebraska. Mmm-hmmm. In what...
  • Students stage silent demonstration against fracking

    04/21/2014 9:58:37 PM PDT · by smokingfrog · 27 replies
    The Daily Californian ^ | 4.21.14 | Bo Kovitz
    A human oil spill spread across Dwinelle Plaza on Monday — a silent demonstration against fracking that is the first in a series of events to kick-start Earth Week 2014. The day after the four-year anniversary of the BP oil spill, about 20 students, clad entirely in black, circled and sprawled around a miniature wooden oil rig covered with protest signs. Protesters wanted to illustrate the environmental effects of fracking by using human bodies as symbols of the devastation. “An oil spill is a very visible and recognizable example of the corruption and destruction wrought by the fossil fuel industry,”...
  • Obama gives Canada cold shoulder

    04/21/2014 6:18:45 PM PDT · by rickmichaels · 16 replies
    Toronto Sun ^ | APRIL 21, 2014 | Ezra Levant
    Barack Obama waited nine months before replacing the last U.S. ambassador to Canada. The post was empty, and Obama just didn’t care. He doesn’t much like Stephen Harper – compare Obama’s icy body language towards Harper, to Obama’s deep bow when he met the Saudi king, or his high fives with the Hugo Chavez, the late ruler of Venezuela. Don’t feel singled out. That’s how Obama treats many of America’s traditional allies. He spied on German Chancellor Angela Merkel’s cellphone. The White House's bust of Winston Churchill was returned to the United Kingdom when Obama became president. Get used to...
  • The Black Book of Tom Steyer: Allegations of fraud plague hedge fund of Democratic super-donor

    04/21/2014 12:57:45 PM PDT · by PJ-Comix · 3 replies
    Free Beacon ^ | April 21, 2014 | Lachlan Markay
    The former hedge fund of one of the Democratic Party’s most important donors was involved in a scheme to defraud foreign investors out of tens of millions of dollars, according to documents filed in a Texas court. Farallon Capital Partners L.P., a fund run by Farallon Capital Management, the multibillion-dollar hedge fund founded by Democratic donor Tom Steyer, became a limited partner in a project to build a large shopping mall near Seattle, Wash., in the mid-1990s after it guaranteed a line of credit for the project.
  • The Non-Koch Good Billionaire

    04/21/2014 11:52:04 AM PDT · by SeekAndFind · 2 replies
    National Review ^ | 04/21/2014 | Tom Rogan
    On Friday, the day to bury unpopular news, the Obama administration announced the extension of its Keystone XL review. A final decision is unlikely before the November midterms. The administration claims it needs this delay to resolve legal complexities. But let’s be clear: This is the submission of governance to partisanship. And it comes from the president who proclaims himself the maestro of infrastructure investment. It’s impossible to overstate the absurdity of this situation. After all, the State Department recently found that Keystone XL would have no significant impact on the environment — a conclusion upheld by the department’s inspector...
  • TransCanada CEO expresses frustration over latest Keystone delay

    04/21/2014 11:34:08 AM PDT · by rickmichaels · 9 replies
    Toronto Sun ^ | APRIL 21, 2014 | QMI AGENCY
    The president and CEO of TransCanada had some harsh words Monday after another process delay was announced by the U.S. Department of State for the proposed Keystone XL pipeline. “We are extremely disappointed and frustrated with yet another delay,” Russ Girling said in a statement released Monday. “American men and women will miss out on another construction season where they could have worked to build Keystone XL and provided for their families. “We feel for them.” The Department of State (DOS) announced last week it will seek input from eight federal agencies to determine whether the project meets National Interest...
  • Obama administration delays action on Keystone XL {again, still...}

    04/21/2014 5:56:01 AM PDT · by thackney · 30 replies
    Fuel Fix ^ | April 18, 2014 | Jennifer A. Dlouhy
    The Obama administration on Friday said it was giving eight federal agencies more time to weigh in on the Keystone XL pipeline, a move almost certain to delay a final decision on the controversial project until after the Nov. 4 midterm elections. That timeline spares President Barack Obama from making a politically difficult decision that would either anger environmentalists or jeopardize some Senate Democrats seeking reelection in red states. But Friday’s move alienated stakeholders on all sides of the issue, including oil industry allies who accused the White House of playing politics and environmentalists who want Obama to swiftly reject...
  • Why climate deniers are winning: The twisted psychology that overwhelms scientific consensus

    04/19/2014 2:12:56 PM PDT · by 2ndDivisionVet · 84 replies
    Salon ^ | April 19, 2014 | Paul Rosenberg
    There's a reason why overwhelming evidence hasn't spurred public action against global warming. In the run-up to Earth Day this year, two major reports were released by the UN’s Intergovernmental Panel on Climate Change, the largest such body in the world. On March 31, Working Group II released its report, Climate Change 2014: Impacts, Adaptation, and Vulnerability, and on April 13, Working Group III released its report, Climate Change 2014: Mitigation of Climate Change. Both reports cited substantially more evidence of substantially more global warming and related impacts than past reports have, and they did so more lucidly than in...
  • Keystone XL pipeline will not be completed this year, U.S. agencies told

    04/19/2014 1:04:46 AM PDT · by canuck_conservative · 22 replies
    National Post [Canada] ^ | April 18, 2014 | Alexander Panetta
    ...The announcement made it clear that Canadian pipeline backers will not get the answer they wanted in time for the summer construction season, pushing completion of the project until 2015 — at best. The State Department said it needs more time to prepare its recommendation to the president because the pipeline route is mired in uncertainty. A legal dispute is underway in Nebraska over the route and it is unlikely to be resolved before next year.... Speculation had been rampant about whether the Obama administration might try to punt the politically sensitive decision until after this year’s midterms. That’s because...
  • Report: Energy production on federal lands is still declining

    04/18/2014 12:04:49 PM PDT · by Hojczyk · 5 replies
    Hot Air ^ | April 17,2014 | ERIKA JOHNSEN
    Oil and gas production has stalled on federal lands for the third year in a row under the Obama administration, despite booming energy production on private and state lands, according to a new government report. The Congressional Research Service (CRS) says that the share of oil and gas production coming from federal lands have plummeted from 2009 to 2013. Oil production on federal lands fell by 11 percent over this time period and natural gas production fell by 28 percent. Federal onshore oil production fell for the third year in a row, while offshore oil production increased slightly — just...
  • After Voting With Him 97% Of The Time, Heidi Heitkamp Helps Other Democrats Campaign Against Obama

    04/18/2014 6:59:18 PM PDT · by ObamahatesPACoal · 8 replies
    You really have to admire the chutzpah. In her 2012 campaign, Senator Heidi Heitkamp worked long and hard to brand herself not as a liberal Democrat, but as an “independent” who would “stand up” to President Barack Obama. Such rhetoric was necessary in a state where Obama lost by more than 20 points, and Heitkamp herself won by just a few thousand votes. It’s hard to imagine Heitkamp being in the US Senate now had she not campaigned so hard against Obama. But she did, and she won, and then spent her first year in the US Senate voting with...
  • ‘Ridiculous’: Administration punts on Keystone, Obama faces Dem revolt

    04/18/2014 12:29:05 PM PDT · by Red in Blue PA · 80 replies
    The Obama administration once again has punted on a final decision for the Keystone XL pipeline, announcing ahead of the holiday weekend that it is extending a key review period indefinitely -- a move that could push off a determination until after the midterm elections. Republicans, as well as red-state Democrats who want the pipeline approved, slammed the administration for the delay. "It's absolutely ridiculous that this well over five year long process is continuing for an undetermined amount of time," Sen. Heidi Heitkamp, D-N.H., said in a statement.
  • Obama administration extends review period for Keystone XL oil pipeline

    04/18/2014 11:46:57 AM PDT · by jazusamo · 22 replies
    Fox News ^ | April 18, 2014
    The Obama administration has extended a key review period for the controversial Keystone XL pipeline, Fox News has learned, potentially pushing off a decision until after the midterm elections.
  • Jimmy Carter wants Obama to reject Keystone XL

    04/17/2014 10:33:41 AM PDT · by aimhigh · 41 replies
    United Liberty ^ | 04/17/2014 | Jason Pye
    The man who oversaw an energy crisis has come out strongly against the Keystone XL pipeline. In a letter with other Nobel laureates, former President Jimmy Carter urged President Barack Obama and Secretary of State John Kerry to reject the pipeline, claiming that allowing the project to move forward would worsen climate change.
  • Putin says oil wars with Russia will make West bleed

    04/17/2014 7:34:50 AM PDT · by kronos77 · 20 replies
    Opportunities for the West to hurt the Russian economy are limited, President Vladimir Putin said Thursday. Europe cannot stop buying Russian gas without inflicting pain on itself, and if the US tries to lower oil prices, the dollar will suffer. If the West tries to damage Russia’s influence in the world energy market, efforts will likely backfire, the Russian President said during his twelfth annual televised question and answer session. To really influence the world oil market a country would need to increase production and cut prices, which currently only Saudi Arabia could afford, Putin said. The president added he...
  • Jimmy Carter Stands Up In Opposition To Keystone XL Pipeline

    04/16/2014 5:21:20 PM PDT · by Up Yours Marxists · 57 replies
    PoliticusUSA ^ | Keith Brekhus
    Former U.S. President Jimmy Carter joined nine other Nobel Peace Laureates in sending a strongly worded letter to President Obama and Secretary of State John Kerry, urging them not to approve construction of the Keystone XL Pipeline. The letter opened as follows: "You stand on the brink of making a choice that will define your legacy on one of the greatest challenges humanity has ever faced – climate change. As you deliberate the Keystone XL tar sands pipeline, you are poised to make a decision that will signal either a dangerous commitment to the status quo, or bold leadership that...
  • Eleven Democrats Push Obama to Approve Keystone

    04/16/2014 7:30:07 AM PDT · by thackney · 12 replies
    Wall Street Journal ^ | Apr 10, 2014 | AMY HARDER
    Nearly a dozen Senate Democrats, including five up for re-election this year, are pressing President Barack Obama to approve the Keystone XL pipeline, and they say they want a decision by the end of next month. Most Republicans support the pipeline, but the 11 Democrats who wrote a letter to Mr. Obama urging him to approve the project deliberately made it a one party-effort. While a set of bipartisan signatures can be a powerful thing in the art of Washington letter-writing, these lawmakers clearly want to accentuate the pressure Mr. Obama faces from his own party on this issue. “It’s...
  • How Fracking Could Break Colorado Democrats

    04/15/2014 7:53:51 PM PDT · by Second Amendment First · 22 replies
    Politico ^ | April 15, 2014 | ELI STOKOLS
    Jared Polis really doesn’t care what anyone else thinks. If you saw the Colorado congressman speaking on the House floor last month wearing a clip-on bowtie with a polo shirt under his blazer, you know what I’m talking about. He’s been this way since he first emerged on the scene. About 10 years ago, when he was just 28, Polis was one of four wealthy Colorado Democrats who pooled their considerable personal resources to create a state-of-the-art political machine that was ruthlessly effective in turning this once-red heartland state a stunning shade of blue. But Polis wouldn’t run with that...
  • Keystone report can't have it both ways

    04/15/2014 3:51:53 PM PDT · by Oldeconomybuyer · 16 replies
    CNN ^ | April 15, 2014 | By Sheldon Whitehouse (M-RI) and Henry A. Waxman (M-CA)
    For all the noise about the State Department's final environmental review of the Keystone XL Pipeline being a "blow" to pipeline opponents, the report contains more than enough information for Secretary of State John Kerry -- a respected environmental champion -- to conclude that the pipeline is not in the national interest. Although you have to dig a bit, the report recognizes the dangers associated with the tar sands fuel that the pipeline would transport. Kerry's obligation is to determine what is in the national interest. For all its flaws, the report acknowledges that the tar sands that would get...
  • Senate rejects GOP oil drilling plan (GOP measure, defeated Tuesday by a vote of 56-42)

    05/13/2008 8:57:15 AM PDT · by NormsRevenge · 308 replies · 1,301+ views
    AP on Yahoo ^ | 5/13/08 | H. Josef Hebert - ap
    WASHINGTON - The Senate has rejected a Republican energy plan that calls for opening an Alaska wildlife refuge and some offshore waters to oil development. Supporters of the measure couldn't get the needed 60 votes to overcome a Democratic-led filibuster threat. Republican leader Mitch McConnell of Kentucky said more domestic oil production is needed to keep prices in check and to reduce U.S. dependence on oil imports. Opponents said areas such as the Arctic National Wildlife Refuge and coastal waters that have been off limits to drilling for 25 years ought to remain that out of bounds to oil companies....
  • Dark side of ND's oil boom: Meth, heroin, cartels _ all part of growing drug trade

    04/14/2014 9:57:30 AM PDT · by TurboZamboni · 30 replies
    Star Tribune ^ | 4-14-14 | Administration Propaganda
    WILLISTON, N.D. — The blood-drenched man had survived a brutal attack: Beaten with brass knuckles, shocked with a stun gun, slashed with a razor blade, then dumped 40 miles away in Montana, he staggered to a farmhouse for help. His path eventually led authorities back to a quiet backyard in this oil boom town. What they uncovered was a large-scale methamphetamine ring that had found a home in a state long known for its small-town solitude, its slow pace and peaceful pastures. The members of this violent gang were all relative newcomers to Williston. They called themselves "The Family," the...
  • Oil and gas salaries average $130,000: Survey

    04/14/2014 9:41:30 AM PDT · by thackney · 9 replies
    Calgary Herald ^ | APRIL 9, 2014 | DAN HEALING
    Hays finds most employers expect to pay more, hire more in 2014 Canadian oil and gas worker salaries jumped six per cent to an average of $130,000 US in 2013 and the trend is expected to continue, according to a survey released Wednesday. Furthermore, despite ongoing worries about oil transportation bottlenecks, nearly three-quarters of employers who took part in the survey by global recruiting firm Hays Oil & Gas say they expect their companies will hire more people in 2014. “This past year, the industry has taken a pause,” said John Faraguna, global managing director of oil and gas for...
  • Hillary to keynote Vegas [Sept] clean energy summit [Reid and CAP = John Podesta, sponsors]

    04/12/2014 12:37:51 PM PDT · by Cincinatus' Wife · 21 replies
    The Hill ^ | April 9, 2014 | Laura Barron-Lopez
    Former Secretary of State Hillary Clinton will deliver the keynote address at a clean energy summit in Las Vegas this September. The National Clean Energy Summit, co-sponsored by Senate Majority Leader Harry Reid (D-Nev.) and liberal think tank Center for American Progress, will be held on Sept. 4 at the Mandalay Bay Resort & Casino. "I am delighted to welcome Secretary Clinton to Nevada for our seventh National Clean Energy Summit on Sept. 4 in Las Vegas,” Reid said on a call with reporters Friday. Reid touted Clinton's commitment to fighting climate change and boosting the nation's renewable energy resources....
  • Alec Baldwin Still Toying With Vaguely Anti-Gay Insults

    04/09/2014 2:09:39 PM PDT · by nickcarraway · 10 replies
    New York Magazine ^ | 4/9 | Joe Coscarelli
    He can't help himself, or he doesn't want to. Notoriously hot-tempered Twitter-fight addict Alec Baldwin, who has sworn off the service, the city, and public life multiple times, got into it again over basically nothing today, quickly resorting to his default tactic: questioning his opponent's manliness in a way that could be construed as homophobic."You're on your knees in that photo," Baldwin tweeted at former Mitt Romney aide Garrett Jackson, after a derisive mention of working in fashion. "What's up with that, Garrett?" It all started with a tweet by Baldwin endorsing a documentary about the Keystone pipeline and a...
  • AFL-CIO motto: Kick me again! [Ann Coulter]

    02/25/2004 4:25:00 PM PST · by perfect stranger · 10 replies · 82+ views
    WND.com ^ | February 25,2004 | Ann Coulter
    Posted: February 25, 2004 7:25 p.m. Eastern © 2004 Universal Press Syndicate In the past decade, the AFL-CIO has lobbied Congress on three major issues of any importance to union members: Oppose the North American Free Trade Agreement; Oppose permanent normal trade relations with China; Support drilling for oil in Alaska's Arctic National Wildlife Refuge. The unions lost every vote. Demonstrating his savvy political skills, the head of the AFL-CIO, John Sweeney, repeatedly throws the federation's support to political candidates who opposed labor on all three issues. So if you ever find yourself negotiating with Sweeney, make sure your opening...
  • Plans for massive oil pipeline opposed by environmentalists

    08/18/2011 2:30:22 PM PDT · by NormsRevenge · 42 replies
    Mercury News ^ | 8/1/8/11 | Dana Hull
    A controversial proposal to build a massive underground pipeline to carry 700,000 barrels of crude oil per day from the oil sands of Alberta, Canada, to refineries in Texas has become the environmental issue of the summer, pitting developers and labor unions desperate for construction jobs against environmentalists and Native American tribes who fear the pipeline will spell environmental disaster. TransCanada Corp.'s proposed Keystone XL project would consist of more than 1,700 miles of 36-inch-diameter pipe, about 327 miles of which would be in Canada while the rest would snake southward through the central United States. Because the pipeline would...
  • Union threatens retribution for House Dems opposing Keystone

    04/11/2014 5:16:32 PM PDT · by SMGFan · 19 replies
    The Hill ^ | April 11, 2014 | Laura Barron-Lopez
    A top building trades union is launching a midterm-election assault on House Democrats who oppose construction of the Keystone XL oil pipeline. A letter distributed Friday by the Laborers' International Union of North America (LIUNA) to the districts of 27 House Democrats calls for union members to make sure their representative "feels the power and the fury of LIUNA this November." Their crime: signing a letter to Secretary of State John Kerry last month urging him to reject Keystone, which would carry oil sands from Canada to Gulf Coast refineries.
  • Eleven Senate Democrats making a fresh push for a deadline on the Keystone XL pipeline

    04/10/2014 5:05:13 PM PDT · by SeekAndFind · 18 replies
    Hotair ^ | 04/10/2014 | Erika Johnsen
    If, as he hinted not too long ago, President Obama really is planning on approving the Keystone XL pipeline before this November’s elections, he apparently has yet to let Senate Democrats in on that little secret (or, maybe he has, and they’re taking the opportunity to starkly differentiate themselves from him and his politically toxic policies regardless), but either way: For all of the raging against supposed Congressional obstructionism and gridlock that the White House does, Keystone XL is so beyond bipartisan it’s just stupid. Nearly a dozen Senate Democrats, including five up for re-election this year, are pressing President...
  • IRS Puts Damper On Newer Types Of Energy Partnerships

    04/09/2014 10:31:03 AM PDT · by thackney · 4 replies
    Reuters via Rig Zone ^ | April 09, 2014 | Patrick Temple West; Editing by Terry Wade, Meredith Mazzilli and Ken Wills
    The Internal Revenue Service has temporarily stopped issuing private letter rulings (PLRs) that energy companies sometimes request when setting up master limited partnerships for their tax benefits. Lawyers specializing in the oil and gas sector have said the IRS wants to review the scope of assets that can qualify as tax-free for master limited partnerships (MLPs), which have lured hundreds of billions of dollars from investors seeking high yields. "There has been a pause," IRS Commissioner John Koskinen told reporters on Tuesday at a congressional hearing. He did not say how long the delay would last. "(The pause) is to...
  • General Electric funneling billions into new energy infrastructure

    04/09/2014 8:28:32 AM PDT · by thackney · 9 replies
    Fuel Fix ^ | April 9, 2014 | Collin Eaton
    A natural gas pipeline stretching 435 miles across Mexico’s Yucatan Peninsula is just one piece of General Electric’s multibillion-dollar bid to shore up energy infrastructure in North America, where an oil and gas boom has drawn a wave of investments to new pipelines. GE’s energy investing arm has more than $3 billion tied up in 43,500 miles of pipeline, the largest U.S. liquefied natural gas export facility and other energy transportation and storage ventures. But it has started to shift its attention to early-stage ventures as U.S. and Canadian pipeline operators collect billions for new projects that link remote shale...
  • When will Obama make call on Keystone?

    04/07/2014 1:34:06 PM PDT · by Hojczyk · 23 replies
    The Hill ^ | April 7 | By Laura Barron-Lopez
    Like a blockbuster movie that never quite arrives, President Obama’s decision on the Keystone XL oil pipeline has been “coming soon” for years. He has been weighing whether the project should be built since he first entered the Oval Office, and rationalizations for further delay are thin on the ground. After a February White House meeting between Obama and a number of governors, Oklahoma Gov. Mary Fallin (R) told reporters that Obama had said he expected to make a call “in a couple of months.” But the White House has not even acknowledged that such a suggestion was made, let...
  • Here's Why Warren Buffett and General Electric Are Betting Big on Natural Gas

    04/07/2014 5:33:14 AM PDT · by thackney · 7 replies
    Motley Fool ^ | March 30, 2014 | Jason Hall
    "Our confidence is justified both by our past experience and by the knowledge that society will forever need massive investments in both transportation and energy." -- Warren Buffett, 2013 letter to Berkshire Hathaway shareholders According to the company's most recent fact sheet, Berkshire Hathaway subsidiary BNSF Railways ships enough coal every year to power 10% of America's houses, and enough crude oil to fill the gas tanks of nearly 650,000 cars every day. Transporting energy is pretty important to BNSF, and BNSF is pretty important to Berkshire, having generated some $3.8 billion in net income in 2013. At the same...
  • Harry Reid's Hypocrisy

    04/06/2014 6:26:52 PM PDT · by Pining_4_TX · 8 replies
    U.S. News & World Report ^ | 04/01/14 | Peter Roff
    Some folks who’ve had enough of Reid’s shenanigans are starting to weigh in, such as American Commitment President Phil Kerpen. His group is sponsoring an Internet-only ad buy – which is the way smart people are starting to do things – attacking the alliance between the Steyers and Reid. The ad uses footage of Reid saying nasty things about conservatives Charles and David Koch, two men whom the Nevada Democrat has alleged more than once have the entire Republican establishment in their hip pocket, but in a way that cleverly hints that such things could just as easily and more...
  • Financial questions seen for US shale gas, tight-oil plays

    04/02/2014 7:14:39 PM PDT · by Lorianne · 5 replies
    Oil & Gas Journal ^ | 25 March 2014 | OGJ editors
    Financial problems of operators in US shale gas and tight oil plays might hold production growth below current expectations, according to the author of a March comment published by the Oxford Institute for Energy Studies (OIES). But a reorientation of the industry toward “the most commercially sustainable areas” of unconventional-resource plays might extend the period of growth, writes the analyst, Ivan Sandrea, an OIES research associate and senior partner of Ernst & Young London. The producing industry has demonstrated it can create opportunities, innovate operationally, and address environmental issues despite evolving government policies and questions of public acceptance, Sandrea writes....
  • Report: Condensate could be first crack in oil export ban

    04/02/2014 11:31:58 AM PDT · by thackney · 31 replies
    Fuel Fix ^ | April 2, 2014 | Jennifer A. Dlouhy
    A simple tweak by the Commerce Department would allow the U.S. to begin selling ultralight fossil fuels overseas, a significant first step in easing the 39-year-old ban on crude exports, a new report says. The analysis released by Sen. Lisa Murkowski, R-Alaska, focuses on condensate, a natural gas liquid made up of light fuels such as propane and butane. The fuels generally flow as liquids at normal temperatures even if they’re gas underground. Though it is chemically different than crude, condensate is swept under the oil export ban — at least as long as the light hydrocarbon is coming out...
  • US gasoline prices reach six-month high as ethanol climbs

    04/02/2014 6:58:35 AM PDT · by thackney · 33 replies
    Bloomberg News via Fuel Fix ^ | April 2, 2014 | Barbara Powell
    Link only due to Bloomberg content
  • Texas producing 36 percent of US crude

    04/02/2014 6:55:02 AM PDT · by thackney · 23 replies
    Fuel Fix ^ | April 1, 2014 | Ryan Holeywell
    Texas is producing about 36 percent of the country’s crude oil — three times more than any other state, according to the latest monthly figures from the U.S. Energy Information Administration. Texas pumped nearly 2.9 million barrels of crude daily of the 7.9 million barrels produced nationwide in January, the latest month for which figures are available. The Gulf of Mexico produced about 17 percent, the second-largest portion, followed by North Dakota with about 12 percent of the U.S. crude. California and Alaska rounded out the top five crude-producing areas, each home to about 7 percent of the nation’s oil....
  • Net energy imports in 2013 lowest in more than 20 years

    04/02/2014 1:09:41 PM PDT · by thackney · 9 replies
    Energy Information Administration ^ | APRIL 2, 2014 | Energy Information Administration
    Total U.S. net imports of energy, measured in terms of energy content, declined in 2013 to their lowest level in more than two decades. Growth in the production of oil and natural gas displaced imports and supported increased petroleum product exports, driving most of the decline. A large drop in energy imports together with a smaller increase in energy exports led to a 19% decrease in net energy imports from 2012 to 2013. Total energy imports declined faster—down 9% from 2012 to 2013—than in the previous year, while export growth slowed. Crude oil production grew 15%, about the same pace...
  • Warren Buffett, Robber Baron? (The Sage of Omaha and the estate tax racket... HE PROFITS FROM DEATH)

    12/07/2010 7:09:54 AM PST · by SeekAndFind · 15 replies
    American Thinker ^ | 12/07/2010 | Christopher Chantrill
    I know that we are all supposed to love Warren Buffett as the Sage of Omaha, businessman and all-around good guy, but I keep reading stories that make me wonder. Here's a story about Warren Buffett, the estate tax, and the life insurance industry. Did you know that the life insurance lobby is actively lobbying to restore the estate tax?  Why would the life insurance industry care about that? It turns out that ten percent of life insurance industry revenue is related to the estate tax. Wealthy people take out life insurance in order to reduce estate taxes because...
  • Billionaire Buffett's Bakken Boom (Obama's crony benifits richly the nixing of Keystone pipeline)

    01/18/2012 2:20:00 PM PST · by Bigtigermike · 15 replies
    Investors Business Daily ^ | Wednesday January 17, 2012
    Energy Policy: Killing the Keystone XL pipeline may help one of the world's richest men get richer. North Dakota's booming oil fields will now grow more dependent on a railroad the president's economic guru just bought. [....] Interestingly, another billionaire, Obama economic inspiration Warren Buffett, stands to benefit from the Keystone XL pipeline delay. As oil production ramps up in the Bakken fields of North Dakota, plans to use the pipeline to transport it have been dashed. As a result, North Dakota's booming oil producers will have to rely even more on the Burlington Northern Santa Fe (BNSF) railroad, which...
  • More ND oil will be railed with no US pipeline (Warren Buffet owns BNSF Railroad)

    01/23/2012 9:20:35 PM PST · by STARWISE · 23 replies
    AP/Yahoo ^ | 1-20-12 | James MacPherson
    Rail shipments of North Dakota crude to increase with decision to block Keystone XL pipeline ### North Dakota oil drillers increasingly will rely on trains to move barrels of crude to market after the Obama administration's decision to reject plans for a pipeline that would run from Canada to refineries on the Gulf of Mexico, state and industry officials say. "Pipelines are by far the safest and most economically efficient way to transport oil, but we are left with a limited number of options if pipelines are off the table," said Tony Clark, chairman of the North Dakota Public Service...
  • Buffett would profit from Keystone cancellation

    01/24/2012 4:20:34 PM PST · by SJackson · 5 replies
    The Washington Times ^ | 1-24-12 | Dave Boyer
    Warren Buffett, whom President Obama likes to cite as a fair-minded billionaire while arguing for higher taxes on the wealthy, stands to benefit from the president’s decision to reject the Keystone XL oil pipeline permit. Mr. Buffett’s Berkshire Hathaway Inc. owns Burlington Northern Santa Fe LLC, which is among the railroads that would transport oil produced in western Canada if the pipeline isn’t built. “Whatever people bring to us, we’re ready to haul,” Krista York-Wooley, a spokeswoman for Burlington Northern, a unit of Buffett’s Omaha, Neb.-based Berkshire Hathaway Inc., told Bloomberg News. If Keystone XL “doesn’t happen, we’re here to...
  • Was Keystone Blocked to Benefit Buffet?

    03/22/2012 6:29:05 AM PDT · by Lacey · 9 replies
    American Thinker ^ | March 22, 2012 | Russ Vaughn
    While our anti-petroleum president is visiting oil and pipeline country in a Potemkin photo op attempt to imply that he is what he clearly is not, here's something to ponder. Are you one of those who've wondered why billionaire, Warren Buffet, is so cozy with the Obama Administration? In an article published a couple of weeks ago by Bloomberg News, which gained little traction, author, Natalie Doss, noted that Buffet had made another one of his "pretty good bets" back in 2009 when Berkshire-Hathaway bought the Burlington Northern-Santa Fe Railroad. Doss reports: Fort Worth-based BNSF Railway's track network puts it...
  • Study: Gasoline prices will fall if US exports crude

    04/01/2014 5:08:21 AM PDT · by thackney · 44 replies
    Fuel Fix ^ | March 31, 2014 | Jennifer A. Dlouhy
    The oil industry’s leading trade group on Monday cast exports of U.S. crude as an economic win for consumers, fighting against criticism that selling the fossil fuel overseas would mean higher prices at home. The American Petroleum Institute commissioned a study by ICF International and EnSys Energy predicting lower gasoline prices, domestic job growth and other economic benefits if the United States lifts its 39-year-old ban on exporting U.S. crude. “Consumers are among the first to benefit from free trade, and crude oil is no exception,” said API Vice President Kyle Isakower told reporters in a conference call Monday. “Gasoline...
  • This Is How You’ll Feel When the GOP Wins the Senate

    03/29/2014 10:04:06 PM PDT · by 2ndDivisionVet · 89 replies
    Moyers and Company ^ | March 25, 2014 | Professor Marty Kaplan
    It’s the morning after. You stayed up late watching election results on TV. By the time you went to bed, the Republicans had won five of the six Senate seats they needed to take control of both houses of Congress. As the networks called each state for the GOP, it felt like a trap door had opened beneath your feet, like a Munch scream, like a nightmare — a nauseating, slow-motion wreck you were powerless to prevent. Too rattled to sleep, you reached for the melatonin. Then, when you wake up in a sweat, the real nightmare begins. Republicans are...
  • Louisiana's Landrieu Seeks Energy Boost in Re-Election Campaign (DRILL, exempt Mary, DRILL!)

    03/29/2014 8:12:38 PM PDT · by Libloather · 8 replies
    Wall Street Journal ^ | 3/28/14 | Amy Harder, Alicia Mundy
    **SNIP** She supports construction of the Keystone XL oil pipeline, a project that many Democrats oppose because of its potential climate impact. Ms. Landrieu is also pushing revenue-sharing legislation that directs more money generated from offshore energy production to coastal states like hers. Oil and natural gas fill the veins of Louisiana's economy and culture. Second only to Texas in natural-gas production and refining capacity, the state is home to the Henry Hub, a place where more than a dozen major pipelines come together and that serves as the official delivery location for futures contracts on the New York Mercantile...
  • Gas Tax Hike Touted for Transportation Woes

    03/29/2014 12:53:47 PM PDT · by JeepersFreepers · 19 replies
    WOAI News Radio San Antonio ^ | March 21, 2014 | Jim Forsyth
    The Texas Legislature’s point man [Drew Darby] on transportation funding says Texas motorists need to understand that a higher gas tax would be a more 'open and transparent' way of dealing head on with the state's transportation crisis than the 'congestion tax' that motorists are currently paying every day. "I think we need to revert to pay as your go," State Rep. Drew Darby (R-San Angelo) told the San Antonio Mobility Coalition."Nine times members of the Legislature have raised the gasoline tax to pay for our transportation infrastructure, but that hasn't happened since 1991. Lawmakers over the past several years...
  • 94% of Electricity in 2013 Came from Reactors, Dams and Fossil Fuels

    03/29/2014 10:21:18 AM PDT · by rktman · 14 replies
    CNSNews.com ^ | 3/29/2014 | Unknown
    Ninety-four percent of the electricity generated in the United States in 2013 came from nuclear reactors, dams, and fossil fuels--including petroleum, natural gas, other gases, and coal--according to a new report from the U.S. government’s Energy Information Administration. Only 0.2 percent of U.S. electricity during the year came from solar-power sources, and another 4.1 percent came from wind power.
  • The Obama Economy Stinks and It's Going to Get a Lot Worse

    03/29/2014 6:01:46 AM PDT · by Kaslin · 65 replies
    Townhall.com ^ | March 29, 2014 | Donald Lambro
    WASHINGTON - The news media was ecstatic when the government said in January that the economy grew by 3.2 percent in the last three months of 2013. It was convincing proof, they said on the nightly news, that the economy had finally recovered from its chronic lethargy. But according to a revised estimate released Thursday by the U.S. Commerce Department's Bureau of Economic Analysis, that 3.2 percent figure was a wild exaggeration. The U.S. gross domestic product (GDP), the broadest measure of our country's entire economic output, grew no more than 2.6 percent in the fourth quarter -- a pitifully...