‘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 “Evolving” Energy Policies of President Bystander
In a “groundbreaking” speech Tuesday at Georgetown University, Barack Obama rehashed the same anti-Big Oil rhetoric and half-baked energy policies that have marked his Administration since 2009.
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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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Why we can’t have nice things. Like a profitable energy policy.
Let me tell you the difference between ‘think’ and ‘expect.’ I think that Barack Obama should take the advice of this New Geography article and pick future energy production over keeping radical eco-freaks happy. It will be better for the environment and better for the country (unfortunately, it’d also be better for the Democratic party, but life is like that). I expect that Barack Obama | Read More »
Fact Checking CNN’s Fact Checkers
What is the value of fact checking if the fact-checkers don’t have a clue about the facts they’re checking? CNN’s fact checkers accuse Mitt Romney of playing fast and loose with the data. In reality, he displayed a masterful executive-level command of the issues. It’s President Obama they should worry about.
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It’s Not a Good Year in Gadsden, Alabama
America has yet another reason to grow tired of Barack Obama’s failed economic policies. On the same day he released a new campaign ad entitled “Tires,” Goodyear Tire and Rubber Incorporated seems to have cracked an axle. As the travails of President Obama’s failed government corporatism hit home, I read the following from The Gadsden Times. According to press reports, the plant in Danville, Va., | Read More »
‘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 »
NYTimes OpEd: ‘Is the Oil Boom a Mirage?’ Ummmmm. No.
In a New York Times OpEd (Sept. 4, 2012), Old Dominion political science professor Steve Yetiv poses the question: : “Is the Energy Boom a Mirage?”
Short answer: “Not just No, but Hell, No!”
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False Sense of (Energy) Security
Superficially, it would seem that the nation is successfully pursuing the Obama Administration’s stated energy goals of “increasing domestic oil production” and “reducing our dependence on foreign oil.” Domestic oil production has increased, but in spite of and not because of Administration policies. And while our overall oil import demand has declined, our imports from the Persian Gulf states, and Saudi Arabia in particular, have | Read More »
Natural Gas Economics: A Look Under the Hood
Christmas comes in June for energy geeks and graph junkies. Every year, the Energy Information Administration of the Department of Energy releases its Annual Energy Outlook (AEO), a compendium of 30-tear forecasts and analyses of energy sources and uses. The 212 page .pdf file contains tables, bar charts and area graphs galore, enough to provide blog fodder at least until Christmas (the December one). This | Read More »
What’s Wrong with Peak Oil Theory? Consider ‘Peak Gas’.
This is an abbreviated version of a post at my personal blog. There you will find more detailed text, additional figures and references. In 1956, M. King Hubbert predicted that crude oil production in the U.S. (ex-Alaska) would peak in rate around 1970, to be followed by a long, irreversible decline. Hubbert nailed the timing of the peak, and in doing so, cemented his status | Read More »
In Major Announcement from White House, Obama Decides Sun Will Rise Tomorrow
In Tuesday night’s State of the Union Address, President Obama said: Over the last three years, we’ve opened millions of new acres for oil and gas exploration, and tonight, I’m directing my Administration to open more than 75 percent of our potential offshore oil and gas resources. Taking the show on the road, Obama Promotes Energy Agenda in Las Vegas Fending off critics who say | Read More »
Children Of The Corn – How Ethanol Damages America!
The market for ethanol is propped up by the Renewable Fuel Standard (RFS), a Soviet-style production quota. Conservatives should be appalled by this reversion to Stalin-era central planning. Should taxpayers have to subsidize ethanol too? – (HT: globalwarming.org) So let’s make a deal! I’ll give you a new source of fuel that has 1/3 the energy of your gasoline. In return for that, I’ll dramatically | Read More »
Michael Williams on the Gulf Oil Spill.
I had the opportunity to talk with Texas Railroad Commissioner* Michael Williams (R) today on the spill in the Gulf: It’s a shame that he’s not a Senator right now, but it’s always a pleasure to talk with Mike. Moe Lane *For those unaware: the RRC doesn’t involve itself with railroads; it oversees Texan energy development. Hence the interview subject. Crossposted to Moe Lane.