A Deal’s a Deal (Unless You’re the Government)

    Sounds like the U.S. Government needs to hire some competent lawyers. Lucrative Gulf of Mexico drilling loophole survives challenge in U.S. House On a mostly party-line vote, The House Friday night rejected a Democratic amendment that would have corrected a 1995 mistake in drilling rules [sic] that allowed oil and gas companies to drill in portions of the Gulf of Mexico without paying royalties. The | Read More »

    A Deal’s a Deal (Unless You’re the Government)

    Sounds like the U.S. Government needs to hire some competent lawyers. Lucrative Gulf of Mexico drilling loophole survives challenge in U.S. House On a mostly party-line vote, The House Friday night rejected a Democratic amendment that would have corrected a 1995 mistake in drilling rules [sic] that allowed oil and gas companies to drill in portions of the Gulf of Mexico without paying royalties. The | Read More »

    Judge Orders Contemptuous BOEMRE to Process Permits

    Judge Tells Government to Resume Permits for Drilling WASHINGTON — A federal judge in New Orleans on Thursday ordered the Obama administration to move quickly on permits for new deepwater oil wells in the Gulf of Mexico, saying that the government could no longer justify long delays in allowing new projects to go forward. … “Not acting at all is not a lawful option,” Judge | Read More »

    Judge Orders Contemptuous BOEMRE to Process Permits

    Judge Tells Government to Resume Permits for Drilling WASHINGTON — A federal judge in New Orleans on Thursday ordered the Obama administration to move quickly on permits for new deepwater oil wells in the Gulf of Mexico, saying that the government could no longer justify long delays in allowing new projects to go forward. … “Not acting at all is not a lawful option,” Judge | Read More »

    Central Planning vs. The Market Economy

    Today’s business news contains two seemingly unrelated stories, both on the energy front. The first tells the tale of Range Fuels’ foray into cellulosic ethanol, the process of making ethanol fuel, not from foodstuffs but from waste products such as wood chips. Even with government assitance with financing and with a Congressional mandate requiring customers to use their inferior fuel, Range Fuels’ project is a | Read More »

    Central Planning vs. The Market Economy

    Today’s business news contains two seemingly unrelated stories, both on the energy front. The first tells the tale of Range Fuels’ foray into cellulosic ethanol, the process of making ethanol fuel, not from foodstuffs but from waste products such as wood chips. Even with government assitance with financing and with a Congressional mandate requiring customers to use their inferior fuel, Range Fuels’ project is a | Read More »

    Rolling Blackouts in Texas — Sneak Preview of the Brave New World of Deindustrialization

    It is the supreme irony that an outbreak of unusually cold weather has exposed ominous signs of weakness in an industry about to be further hobbled by regulations designed to combat global warming. It is doubly ironic that this should have occurred in a state whose name is more or less synonymous with energy production. Texas, which produces and consumes more electricity than any other | Read More »

    Obama’s Clueless Energy Policy

    From the President’s State of the Union Address: We need to get behind this [green] innovation. And to help pay for it, I’m asking Congress to eliminate the billions in taxpayer dollars we currently give to oil companies. I don’t know if you’ve noticed, but they’re doing just fine on their own. So instead of subsidizing yesterday’s energy, let’s invest in tomorrow’s. Now, clean energy | Read More »

    Obama’s Clueless Energy Policy

    From the President’s State of the Union Address: We need to get behind this [green] innovation. And to help pay for it, I’m asking Congress to eliminate the billions in taxpayer dollars we currently give to oil companies. I don’t know if you’ve noticed, but they’re doing just fine on their own. So instead of subsidizing yesterday’s energy, let’s invest in tomorrow’s. Now, clean energy | Read More »

    The Oil Spill Commissioner’s Anti-Oil Bias

    Former Democratic Senator Bob Graham of Florida is co-chair of the President’s Oil Spill Commission. The Commission, stacked with environmentalists and Harvard lawyers and notably absent any working industry expertise, delivered its report to the President earlier this month. Its contents were predictable, calling for more regulation and more government. Here’s what Sen. Graham had to say this week: This is a wakeup call to | Read More »

    The Oil Spill Commissioner’s Anti-Oil Bias

    Former Democratic Senator Bob Graham of Florida is co-chair of the President’s Oil Spill Commission. The Commission, stacked with environmentalists and Harvard lawyers and notably absent any working industry expertise, delivered its report to the President earlier this month. Its contents were predictable, calling for more regulation and more government. Here’s what Sen. Graham had to say this week: This is a wakeup call to | Read More »

    Could Offshore Drilling Reduce the Deficit?

    Sen. David Vitter (R-La.) wants the Obama administration to provide Congress with data on the federal government’s offshore drilling revenue — information that would show just how much President Obama’s anti-drilling policies are impacting the budget. Based on recent projections from the U.S. Energy Information Administration, production in the Gulf of Mexico is expected to drop this year by 220,000 barrels per day. With oil | Read More »

    Could Offshore Drilling Reduce the Deficit?

    Sen. David Vitter (R-La.) wants the Obama administration to provide Congress with data on the federal government’s offshore drilling revenue — information that would show just how much President Obama’s anti-drilling policies are impacting the budget. Based on recent projections from the U.S. Energy Information Administration, production in the Gulf of Mexico is expected to drop this year by 220,000 barrels per day. With oil | Read More »

    Rep. Ed Markey (D) on the BP/Russia Deal

    Anyone can be misinformed, or suffer a mental lapse resulting in an incorrect statement. Any of us might be stricken with poor judgment, and take a questionable position on an important matter of state from time to time. But occasionally prejudice, bad judgment and contorted logic become woven together into a tapestry of wrong-headed thinking. And sometimes the people who issue these statements hold responsible | Read More »

    Rep. Ed Markey (D) on the BP/Russia Deal

    Anyone can be misinformed, or suffer a mental lapse resulting in an incorrect statement. Any of us might be stricken with poor judgment, and take a questionable position on an important matter of state from time to time. But occasionally prejudice, bad judgment and contorted logic become woven together into a tapestry of wrong-headed thinking. And sometimes the people who issue these statements hold responsible | Read More »