In spite of a vote by its committee on the environment to ban all deep sea drilling in the aftermath of the Deepwater Horizon disaster, the European Parliament has rejected a moratorium on deep sea drilling for oil and gas. By doing so, the EU finds itself in a rather unfamiliar position: being farther to the right on an issue, more pragmatic and more firmly | Read More »
Just six months ago I felt extremely blessed to be employed as we emerged from what will hopefully be the worst recession we face in our lifetime. I was inspired when I heard the president say in his state of the union address that his number one priority for 2010 would be jobs. Now I am disappointed that Washington seems to think my job doesn’t | Read More »
The world, always an interesting place, has not disappointed for news in the last few weeks. Below are some thoughts on just a few recent events. President Obama appeared this morning, the 87th day of the Gulf oil spill, to discuss the spill and BP’s relief efforts. According to the Heritage Foundation, today was the first time since June 22 that Obama had publicly acknowledged | Read More »
There’s a clear choice in the Senate race here in Ohio. I am running because I know we need a new direction. Ohio is suffering from record unemployment and continues to fall behind. Everything Washington is doing – from the higher taxes and more regulations to higher energy and health care costs and record deficits – makes it harder for Ohio to get on its | Read More »
In the 1980s, Congress, searching for domestic energy supplies, created incentives in the form of production tax credits for ethanol and for unconventional natural gas. The history of those two programs, and the current state of affairs in the energy world, speaks volumes about the relative merits of these two fuels. Tax-paying capitalists find tax credits highly motivating. Whereas deductions reduce your taxable income, | Read More »
This week, several news stories converged on an odd topic: hydraulic fracturing. Hydraulic fracturing, or “fracking”, has been used since the 1950s to stimulate oil and gas wells. The process involves pumping a sand-laden slurry into a well and subjecting it to enough pressure that the rocks in the productive formation fracture, or break. The purpose of the sand is to prop open the fracture, | Read More »
Noted energy expert, environmental Luddite and hypocrite Robert Kennedy, Jr., aims to stymie natural gas drilling in New York State by hyping unrealistic and irrational fears of environmental contamination. At issue is the method used to stimulate production in gas wells known as hydraulic fracturing, or “fracking”. Truth be told, Kennedy and the greenies would find something objectionable in anything an energy company would propose. | Read More »
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