Keyword: offshoreoil

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  • Palin Vs. Arnold: Terminating California

    12/17/2009 5:37:51 PM PST · by Kaslin · 22 replies · 1,058+ views
    Investors.com ^ | December 17, 2009 | INVESTORS BUSINESS DAILY staff
    Leadership: Alaska's ex-governor asks a question we'd like answered: Why is California's current governor pushing the same policies in Copenhagen that helped drive his state into record deficits and unemployment? The movie series that made Arnold Schwarzenegger a household name involved cyborgs traveling through time to alternately try to destroy or save one John Connor, who would grow up to be the leader of the resistance against a race of machines that ruled the planet. Prominent in the series was his tough cookie of a mom, Sarah Connor. Another Sarah has taken the lead in another resistance against another group...
  • Palin Vs. Gore: Oceans Apart

    12/14/2009 5:23:50 PM PST · by Kaslin · 30 replies · 1,233+ views
    Investors.com ^ | December 14, 2009 | INVESTORS BUSINESS DAILY Staff
    Global Warming: The Alaskan governor who knew polar bears weren't endangered says the planet isn't either and challenges the oracle of climate change. Al Gore says despite the CRU e-mails, the situation is of the utmost gravity. In a Dec. 9 Washington Post op-ed, Sarah Palin noted that the Climate-gate e-mails from the Climate Research Unit at the University of East Anglia "reveal that leading climate 'experts' deliberately destroyed records, manipulated data to 'hide the decline' in global temperatures and tried to silence their critics from publishing in peer-reviewed journals." This did not sit well with Gore. "The entire North...
  • California Should Copy Texas

    12/07/2009 5:10:19 PM PST · by Kaslin · 31 replies · 920+ views
    Investors.com ^ | December 7, 2009 | INVESTORS BUSINESS DAILY staff
    California: While Gov. Arnold Schwarzenegger worries about rising seas, his state sinks below the waves. Don't mess with Texas, they say. But California and the nation could follow its lead. Last Wednesday, Gov. Schwarzenegger released a new report based on research compiled by the California Energy Commission claiming that by 2100 San Francisco Bay would be more bay than San Francisco, with Fisherman's Wharf and Treasure Island under the rising waters of climate change. His show-and-tell, which included a new Google Earth application the commission spent $150,000 to help develop, goes a long way toward explaining the once-Golden State's slide...
  • Russia to invest $2 trillion in energy sector, shift focus to Asia

    11/27/2009 7:53:38 AM PST · by thackney · 6 replies · 248+ views
    Calgary Herald ^ | November 27, 2009 | Herald News Services
    Russia plans to invest up to $625 billion over the next two decades to raise oil production by about 10 per cent and a further $590 billion to add at least 33 per cent to its gas output, the Energy Ministry said on Thursday. The oil and gas investment, part of a $2-trillion-plus plan to develop the Russian energy sector by 2030, also envisages Asian markets taking a much larger share of Russia's exports as the country develops resource fields in Siberia and the Far East. "This will allow the Russian energy sector to lower its risk of being dependent...
  • Power To Spare (Palin vs. Biden on energy)

    11/05/2009 4:53:14 PM PST · by raptor22 · 3 replies · 501+ views
    Investor's Business Daily ^ | November 5, 2009 | IBD editorial staff
    Leadership: As Palin jousts with Biden on energy independence, the government reports that we lead the world in energy reserves. From oil to gas to coal, we are sitting on prosperity. So why are we importing anything? One of the interesting sidelights of the NY-23 race was an exchange on energy independence between Vice President Joe Biden and the former governor of energy-rich Alaska, Sarah Palin. Biden, who came in to campaign for Democrat Bill Owens, was reminded of the issue of energy. "The fact of the matter is that Sarah Palin thinks the answer to energy was 'Drill, baby,...
  • Chinese giant to buy US oil assets: company (Norwegian energy group Statoil)

    11/04/2009 8:49:53 AM PST · by NormsRevenge · 15 replies · 817+ views
    AFP on Yahoo ^ | 11/4/09 | Pierre-Henry Deshayes
    OSLO (AFP) – Norwegian energy group Statoil said Wednesday it was selling some of its US offshore oil assets to China's state-owned CNOOC, marking the first step by a Chinese energy major into the US market. The sale, announced along with Statoil's quarterly results, involves a limited stake for the China National Offshore Oil Corporation (CNOOC) in four exploitation licences for deepwater blocks bought in 2007 and 2008. "On 29 October Statoil signed a farm down agreement with the Chinese company CNOOC involving a number of Statoil's leases in the Gulf of Mexico," Statoil said in its third-quarter earnings statement....
  • Foolishly Choosing Bears Over Barrels

    10/26/2009 5:25:31 PM PDT · by Kaslin · 3 replies · 614+ views
    IBD Editorials ^ | October 26, 2009 | INVESTORS BUSINESS DAILY Staff
    Ecology: The administration creates the mother of all protected habitats for a species whose numbers have increased since Al Gore's "An Inconvenient Truth." It's our hopes for energy independence that are drowning. When filmmaker Phelim McAleer, whose documentary "Not Evil Just Wrong" takes apart the myths of global warming, got to ask Gore a question at the annual conference of the Society of Environmental Journalists, McAleer brought up the nine critical errors in Gore's film "An Inconvenient Truth." A British court two years ago listed them and said they must be righted before the film could be shown in schools...
  • (RINO) Graham Joins Kerry On Cap-And-Trade

    10/19/2009 6:59:45 PM PDT · by raptor22 · 47 replies · 2,183+ views
    Investor's Business Daily ^ | October 19, 2009 | IBD editorial staff
    Politics: Move over, John McCain and Olympia Snowe. Lindsey Graham of South Carolina is fast becoming the Democrats' favorite Republican as he partners with John Kerry to push cap-and-trade through the Senate. Earlier this year, eight Republican congressmen made it possible for Waxman-Markey, the 1,400-page job- and economy-killing cap-and-trade legislation, to barely pass the House of Representatives. At the time it seemed dead on arrival in the Senate if it was brought up there this year. Once again, as with their medical plan, the Democrats seek to better the odds by putting a GOP hood ornament on a Democratic clunker....
  • In Alaska, The Drill Is Gone (It's the 9th Circuit Court of Appeals again)

    11/24/2008 5:41:50 PM PST · by Kaslin · 37 replies · 1,238+ views
    IBD Editorials ^ | November 24, 2008
    Energy: Remember those 68 million acres House Speaker Nancy Pelosi said the oil companies had to use or lose? According to the 9th Circuit Court of Appeals in San Francisco, they can't drill there either.When President Bush lifted the executive order banning oil and gas exploration in federally protected offshore areas, Speaker Pelosi called the action a giveaway of "more public resources to the very same oil companies that are sitting on 68 million acres of federal lands they've already leased." We thought it was nonsense to accuse the oil companies of sitting on profitable oil resources waiting for sky-high...
  • A California 'Black Gold' Rush

    09/29/2009 8:52:35 AM PDT · by raptor22 · 13 replies · 1,190+ views
    Real Clear Markets ^ | September 29, 2009 | IBD staff
    Energy: An amazing number of oil finds have been made this year, including the biggest in California in 35 years. If the world is running out of oil, why do we keep finding more of it? The mantra of the anti-drilling crowd has been that oil companies like to sit on their leases and the oil in the ground, hoping to drive up the price. They should use the leases they have or lose them, these critics say. They also like to add that the world is running out of oil so it doesn't matter anyway. Occidental Petroleum hasn't been...
  • A California 'Black Gold' Rush

    09/28/2009 4:48:14 PM PDT · by Kaslin · 22 replies · 1,841+ views
    IBD Editorials ^ | September 28, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy: An amazing number of oil finds have been made this year, including the biggest in California in 35 years. If the world is running out of oil, why do we keep finding more of it? The mantra of the anti-drilling crowd has been that oil companies like to sit on their leases and the oil in the ground, hoping to drive up the price. They should use the leases they have or lose them, these critics say. They also like to add that the world is running out of oil so it doesn't matter anyway. Occidental Petroleum hasn't been...
  • Forget 'Peak Oil' — Drill, BP, Drill

    09/03/2009 5:28:33 PM PDT · by Kaslin · 16 replies · 1,650+ views
    IBD Editorials ^ | September 3, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy Policy: Ignoring peak-oil Cassandras, BP has made another giant oil find in the Gulf of Mexico. We're not running out of oil. Our government just doesn't want us to look for it.The world is running out of oil and good riddance. That's the environmentalists' mantra. But since the first well was drilled near Titusville, Pa., 150 years ago, the prophecy has gone unfulfilled. Trouble is, those darn greedy oil companies keep finding the stuff. Oil has been produced in the Gulf of Mexico since the first well was drilled by Kerr-McGee Corp. in 1947. Some of the wells are...
  • Palin questions Obama sending $2 billion to Brazil

    08/21/2009 6:12:16 AM PDT · by usalady · 13 replies · 773+ views
    examiner.com ^ | August 21, 2009 | Martha
    While it does not seem to bother the Democrats in Congress that Obama is sending $2 billion to Brazil to drill for oil offshore and create jobs for Brazilians, Sarah Palin is asking questions about it.
  • Capping Jobs

    08/13/2009 5:27:29 PM PDT · by Kaslin · 4 replies · 794+ views
    IBD Editorials ^ | August 13, 2009 | INVESTORS BUSINESS DAILY Staff
    Cap-And-Trade: The administration likes to defend bad policies with analogies to the post office. New studies from a business group and the administration itself confirm that cap-and-trade belongs in the dead-letter bin.Along with Energy Secretary Steven Chu, Rep. Ed Markey likens the cost of the Waxman-Markey cap-and trade bill to "about a postage stamp a day," based on estimates made by the Congressional Budget Office and the EPA. But as we and others have shown, they arrive at this magical number in part by ignoring the hit on gross domestic product and employment that will occur. As Garret Vaughan, economist...
  • Drill Like Brazil

    01/26/2009 6:22:09 PM PST · by Kaslin · 12 replies · 1,374+ views
    IBD Editorials ^ | January 26, 2009
    Stimulus: Brazil, a leader in the use of biofuels such as ethanol and in the face of falling oil prices, still plans to spend huge sums to expand its offshore oil resources. Drilling rigs are infrastructure too.With oil prices scraping the bottom of the barrel, pun intended, there wouldn't appear to be much incentive to pursue the development of new oil resources. And in tough economic times worldwide, the necessary investment required would appear to be prohibitive. As the U.S. seeks to get its economy going by building roads, bridges and bicycle paths, Brazil has decided to create jobs and...
  • Will Russia Drill Off Florida's Coast?

    08/05/2009 5:13:29 PM PDT · by Kaslin · 43 replies · 3,032+ views
    IBD Editorials ^ | August 5, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy: As Russian attack submarines patrol our eastern seaboard, Moscow signs a deal to help Castro's Cuba drill for oil off the Florida coast. In Moscow and Havana, the cry is "Drill, Comrade, Drill!"Two Russian nuclear attack submarines have taken up positions along our East Coast in recent days, another sign of renewed assertiveness by the former communist giant. The move comes as Moscow inks a deal with the communist relic of Cuba to drill for oil we refuse to go after. The submarines are of the Akula class, a counterpart to the Los Angeles class attack subs of the...
  • Save The Whales, Kill The Economy

    04/20/2009 6:20:26 PM PDT · by Kaslin · 5 replies · 817+ views
    IBD Editorial ^ | April 20, 2009
    Energy: With Ahab-like determination, environmentalists have once again blocked oil exploration in the American Arctic. They may just have succeeded in putting the American economy on ice.On Friday, a three-judge U.S. Court of Appeals Court panel in Washington, D.C., struck down the Bush administration's five-year plan for offshore oil and gas leasing off Alaska's northern coast. The plan was vacated, the panel ruled, because of allegedly insufficient environmental review because its "environmental sensitivity rankings are irrational." What is irrational is that despite a more than three-decade long record of environmental sensitivity at Prudhoe Bay and elsewhere, and despite booming polar...
  • Welcome Back, Carter (Obama's Malaise)

    07/14/2009 5:18:46 PM PDT · by WhiteCastle · 11 replies · 995+ views
    IBD Editorials ^ | July 14, 2009 | INVESTOR'S BUSINESS DAILY
    Thirty years after Jimmy Carter's malaise speech, we return to the days of rising joblessness, an unresponsive economy, deference to dictators, gutting the military and an energy policy tilting at windmills... As history repeats itself on the anniversary of the speech MSNBC's Chris Matthews wrote, we wonder if the "Hardball" host, who has worked for four Democratic politicians, is still getting tingles up his legs. The Democratic Party apparently has learned nothing in the past three decades. Will we see a return of the misery index? The only thing that's different is the sweater.
  • Washington Sleeps As Oil Prices Stir

    06/11/2009 5:16:54 PM PDT · by WhiteCastle · 19 replies · 1,245+ views
    IBD Editorials ^ | June 12, 2009 | Editorial
    Energy: Will oil hit $250 a barrel? The Russians think so, as crude prices climb to an eight-month high. Meantime, House Republicans advance a plan to help the administration keep a domestic energy promise.The cost of July deliveries of crude bounced over $73 Thursday as the American Petroleum Institute reported shrinking U.S. inventories as the dollar weakens against the euro. Alexei Miller, chairman of the Russian energy giant Gazprom, is repeating his prediction of a year ago that oil may eventually reach the $250 mark.
  • The Next Oil Shock

    05/31/2009 7:52:56 AM PDT · by WhiteCastle · 11 replies · 1,244+ views
    Investor's Business Daily ^ | May 22, 2009 | Editorial
    A top expert tells Congress that oil will be around for a long time and high inventories and low prices are no excuse not to find more. Oil shock? How about a no-oil shock? Be careful what you wish for, goes the old proverb. Well, as we all had hoped, energy prices have fallen — but only as part of the global decline in economic activity. This has been used as an excuse to further discourage exploration for and development of domestic oil resources. But if the economy does recover, that policy could provoke another recession.
  • California Digging (Its Own Financial Grave)

    07/01/2009 5:16:12 PM PDT · by WhiteCastle · 38 replies · 2,757+ views
    IBD Editorials ^ | Juky 1, 2009 | Investor's Business Daily
    Regulation: Ignoring the first rule of holes, a bankrupt state passing out IOUs welcomes an EPA waiver allowing it to further kill its economy. Too bad the state can't stop the air pollution imported from a growing China. The U.S. Environmental Protection Agency on Tuesday granted California its long-standing request — denied by the Bush administration — for a waiver to allow it to impose even more stringent air pollution rules than currently required by the federal government.The way is now clear for implementation of a 2002 state law requiring new cars to increase their fuel economy 40% by 2016....
  • California commission opposes new offshore oil plan

    06/01/2009 5:02:58 PM PDT · by NormsRevenge · 18 replies · 1,041+ views
    AP on Yahoo ^ | 6/1/09 | AP
    LOS ANGELES — California's three-member State Lands Commission has passed a resolution urging the Legislature not to support a proposed new oil drilling project off the Santa Barbara coast. ... Last year, Houston-based Plains Exploration & Production Co. unveiled an unprecedented deal with longtime anti-oil conservationists in Santa Barbara County to allow the state's first new offshore oil project in more than 40 years. ... The commission rejected the proposal in January. ... Members of environmental groups accused the governor of attempting a power grab. ...
  • Offshore drilling plan to go ahead: Interior Dept

    01/22/2009 2:29:50 AM PST · by markomalley · 14 replies · 688+ views
    al Reuters ^ | 1/21/2009
    A proposal issued in the final days of the Bush administration to expand offshore drilling in previously banned areas will move forward under the administration of U.S. President Barack Obama, an Interior Department spokesman told Reuters on Wednesday. Shortly after being sworn in on Tuesday, Obama ordered all federal agencies and departments to halt pending regulations until they can be reviewed by incoming staff. Hugh Vickery, a department spokesman, said the department has been notified by the White House that it will be able to proceed with a proposed draft of a five-year plan to lease areas in the Atlantic...
  • Life under an offshore oil rig : man made reef and habitat ( VIDEO )

    12/06/2008 7:45:55 AM PST · by Halfmanhalfamazing · 18 replies · 1,306+ views
    A video of fish swimming around underneath an oil rig. You can clearly see the piping and frameworks that comprises the underpinnings. You can see the rig in the background when they stand in their boats to show off the fish they caught. This video is useful for when the oil drilling debate comes back.
  • Florida tourism agency now backs drilling

    12/02/2008 4:09:02 AM PST · by Halfmanhalfamazing · 19 replies · 666+ views
    Washington Times ^ | November 28th | sean lengell
    A Florida tourism group has dropped its long-standing opposition to offshore oil and gas drilling, saying that a cheap national fuel supply would trigger a boom for the Sunshine State's No. 1 industry. When gasoline prices skyrocketed to more than $4 per gallon this summer tourist spots such as Florida suffered, as would-be vacationers stayed home. So in response, the Florida Association of Convention and Visitors Bureaus (FACVB) has adopted a new policy that encourages a "comprehensive, long-term energy policy" that includes increased oil and natural gas production in the Gulf of Mexico along Florida's coast.
  • How Far Can You See at Sea?( offshore oil drilling )

    11/26/2008 4:23:55 AM PST · by Halfmanhalfamazing · 25 replies · 1,966+ views
    Where our line of sight hits the horizon is the distance from our boat to the horizon. A small boat first coming into view is assumed to be at that distance. In the picture above, the sailor cannot see the island's palm trees. If an object, such as a large ship or a palm tree on an island, sticks up well above the water, we can see it from a further distance. Here is how we can calculate how far we can see from a boat on the sea. First let's assume that we are sitting in the cockpit of...
  • VICTORY On Offshore Drilling!!

    09/23/2008 3:37:38 PM PDT · by Bill Dupray · 28 replies · 116+ views
    The Patriot Room ^ | September 23, 2008 | Bill Dupray
    Democrats to let the moratorium expire on September 30. From AP. Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in an month-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer. Appropriations Committee Chairman David Obey, D-Wis., told reporters Tuesday that a provision continuing the moratorium will be dropped this year from a stopgap spending bill to keep the government running after Congress recesses for the election. Republicans have made lifting the ban a key campaign...
  • Lt. Col. Allen West Rips Energy Bill (H.R. 6899)

    09/18/2008 11:44:44 AM PDT · by Fox_Mulder77 · 11 replies · 197+ views
    Allen West for Congress ^ | September 18, 2008 | Allen West for Congress
    ALLEN WEST F O R C O N G R E S S September 18, 2008 For Immediate Release: Ron Klein: Worthless on Energy, Ignoring the Economy (Boca Raton, FL.) Once again, the do-nothing Congress "rookie of the year", spent the day bragging about a worthless energy bill while Wall Street and the American tax payer suffered heavy losses. The Comprehensive American Energy Security and Consumer Protection Act (H.R. 6899) passed the House by a 236-189 vote total. "The American people are tired of Ron Klein and the cabal of status quo Congressmen in Washington focused on political gain instead...
  • The lowdown on offshore oil reserves

    07/22/2008 10:23:38 AM PDT · by SmithL · 46 replies · 155+ views
    San Francisco Chronicle ^ | 7/22/8 | David R. Baker
    U.S. offshore oil fields could hold enough crude to supply all of the country's needs for more than 11 years. Or they might not. No one knows for certain because, with new offshore oil drilling banned on the East and West coasts, no one has gone looking for oil there in years. Now congressional Republicans are pushing hard to make offshore drilling a key issue in the presidential campaign, hoping to channel the anger Americans feel over historically high oil and gasoline prices. More oil, they argue, will bring lower prices. The federal government estimates the nation's outer continental shelf...
  • Drill, Coast Haste

    05/24/2008 7:55:08 AM PDT · by Clairity · 52 replies · 94+ views
    Investor's Business Daily (IBD) ^ | May 23, 2008 | Investor's Business Daily Editorial
    Energy Security: With the prospect of an oil shortage and $12 gas, the energy crisis is turning into a national emergency. One solution: Give states the option to develop offshore tracts. Uncle Sam bans states from drilling in the Atlantic, Pacific and eastern Gulf mainly to protect the environment. Some 85% of the U.S. coastline is off-limits to energy production - including huge reserves off Florida's coast, which China is exploiting in Cuban waters. To change that, a lawmaker is offering a novel idea. Rep. Sue Myrick of the House Energy and Commerce panel wants to let coastal states decide...
  • (Florida) Sen. Bill Nelson: A Lesson in Civics 101 (Nelson Obstructs Legislation Compromise)

    07/26/2006 8:33:33 PM PDT · by JulieRNR21 · 12 replies · 376+ views
    July 26, 2006 Sen. Bill Nelson: A Lesson in Civics 101 Sen. Bill Nelson (D-FL), longtime foe of tapping US resources off of the Florida coast (even though it's way past the sight line and you can't "spill" natural gas), now sees the Gulf of Mexico Energy Security Act inching slowly toward passage. He appeared at first to be on board with the bill, but has now tossed up a new roadblock, one that should mystify anyone who has taken a basics civics course. Sen. Nelson's latest gambit is his effort to seek assurances (not sure from whom) that the...
  • Jindal Making Progress for Louisiana’s Share of Oil & Gas Revenues

    05/19/2006 10:57:21 PM PDT · by catholicfreeper · 4 replies · 169+ views
    http://conservativecajun.blogspot.com ^ | may 19, 2006 | ConservativeCajun
    Jindal Making Progress for Louisiana’s Share of Oil & Gas Revenues My thoughts are at the bottom of this article and list of supporters. Please also keep scrolling down to read my essay on The Future of Louisiana. Rep. Bobby Jindal Contact: Kim Allen 202-225-3015 Jindal Bill Update: 89 members representing 28 states support Louisiana's fair share Washington, May 5 - Congressman Bobby Jindal's (LA-01) "Domestic Energy Production through Offshore Exploration and Equitable Treatment of State Holdings Act of 2006" (H.R. 4761) continues to build support in Congress and across the country. The bill will bring Louisiana up to 75...
  • WSJ: Capitol Hill Blowout--Highways, bike paths, ethanol, "biomass"--Congress throws spending party

    07/29/2005 5:16:53 AM PDT · by OESY · 10 replies · 557+ views
    opinionjournal.com ^ | July 29, 2005 | Editorial
    President Bush had to twist a lot of arms to squeak his Central American Free Trade Agreement through Congress this week [as] Members prepared for the August recess by throwing themselves a giant spending party. Speaker Dennis Hastert... directed the House to pass a $286.4 billion highway bill. He expects Mr. Bush to sign this because it is "only" $2.4 billion more than the President's 2005 veto limit, which is "only" $28 billion more than his 2004 veto limit of $256 billion, which was "only" a 17% increase over the previous six-year highway spending level.... The bill is all about...
  • Gubernatorial contenders trade barbs over oil leases

    06/22/2002 12:44:38 PM PDT · by NormsRevenge · 3 replies · 151+ views
    Contra Costa Times ^ | 6/22/02 | Sandy Kleffman
    <p>Gov. Gray Davis accused his GOP rival, Bill Simon Jr., of "hypocrisy" on offshore oil drilling Friday and urged him to support California's lawsuit against the federal government aimed at preventing new drilling.</p> <p>The governor sent Simon a letter questioning his commitment to opposing additional drilling.</p>
  • Davis challenges Simon on offshore oil drilling

    06/22/2002 12:42:31 PM PDT · by NormsRevenge · 4 replies · 267+ views
    Mercury News ^ | 6/22/02 | AP - Sacramento
    <p>SACRAMENTO (AP) - Gov. Gray Davis accused his Republican opponent Friday of trying to ``masquerade as a savior of the coast'' while actually showing a willingness to accept more offshore oil drilling.</p> <p>He challenged GOP nominee Bill Simon to support a state lawsuit that's designed to head off more drilling in federally controlled waters.</p>