America’s Strange Love for Corn Ethanol [Updated: New AP article with must-see video]
(New link: Prairies vanish in the US push for green energy) In 2007, before our domestic shale boom put a big dent in America’s reliance on foreign oil, the Bush Administration made a massive commitment to biofuels. The Renewable Fuels Standard mandated an ever-increasing consumption of ethanol as a motor fuel through 2022. Candidate Obama, then junior senator from the nation’s #2 corn-producing state, wooed | Read More »
‘We can’t just drill our way to lower gas prices.’ Says who?!
But you and I both know that with only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices – not when consume 20 percent of the world’s oil. – Barack Obama, March 10, 2012 Oh, really?
The Shale Gas Boom as a Game Changer
The new Potential Gas Committee report paints a vivid picture of the shale boom and its impact, not simply on consumer prices, but throughout the global economy.
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Obama: ‘Drill Drill Drill won’t work. And you can thank Me that it did.’
Irony alert. (HuffPo link. Sorry.) “Anybody who tells you that we can just drill our way out of this problem does not know what they’re talking about, or they’re not telling you the truth — one or the other,” Obama said at an event held in New Hampshire to tout his energy policies. He noted that, in fact, oil production in the United States has | Read More »
Obama’s Energy Ideas: Running on Empty
In his Wednesday address at Georgetown University, President Obama took another stab at elucidating his muddled energy policy: It was just three years ago that gas prices topped $4 a gallon. I remember because I was in the middle of a presidential campaign. Working folks certainly remember because it hit a lot of people pretty hard. And because we were at the height of political | Read More »
Obama administration renews drilling ban. Of course it did.
Contra the Washington Post, the seven-year moratorium on new Atlantic, Pacific, and Eastern Gulf of Mexico oil drilling that will be announced today does not particularly mean that we’re going to allow new drilling in any of the other areas available to us, either*. It merely means that these were the bans that the administration had to get on with right now before an annoyed | Read More »