‘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?
‘We have more oil and natural gas than anyone thought possible even 5 years ago.’
The domestic oil and gas supply picture is better than it’s been in a generation, and it’s getting better every day. That’s not just my opinion; it’s also the conclusion of Adam Sieminski, chief administrator of the Department of Energy’s Energy Information Administration (EIA), the government’s one-stop shop for all statistics related to our nation’s energy production and consumption. Sieminski was interviewed by Platt’s Energy | Read More »
Update on the US government’s 2011 attack on Gibson Guitars.
To refresh your memory: the government decided that the Gibson Guitar company was in violation of Indian law (which, thanks to something called the Lacey Act, meant that they had the right to butt in), so they went and raided Gibson’s factory and confiscated a half-million dollars’ worth of raw materials. Happened back in August 2011, and guess what? The feds still haven’t pressed charges! | Read More »
The Big Energy Lie, Revisited
Your President has been telling you things that simply aren’t true. Things like “We can’t drill our way out of our energy problems.” Or “Oil and gas are the fuels of the past.” Or, perhaps worst of all, “The U.S. consumes 25% of the world’s oil, but controls only 2% of the world’s reserves.” Well, that last one may be technically true, but it is | Read More »
Energy Flow: Sources and Uses
A picture is worth 1,000 words. Or 95 quadrillion BTUs, which is how much energy from all sources the U.S. consumed in 2009. A well-constructed graph can convey so much information. I posted a link to this image on RedHot the other night, but thought it was worth bringing out a few observations. Since energy flow is represented by the width of the various lines, | Read More »