1. Despite a natural gas drilling moratorium in New York, that state’s Chemung and Broome Counties are feeling the economic lift from drilling next door in Pennsylvania. But to the New York Times, the ex-pat workers, largely from Texas, Oklahoma and Louisiana, have awfully low-brow tastes, don’t you know. (NYT link below the fold.) 2a & 2b. The Daily Beast seems to have turned over | Read More »
Gas Reaches Record High as Gas Hits Record Low
On an annual basis, retail gasoline prices hit an all-time high in 2011. The average price for all grades was $3.576 per gallon, vs $3.299 in 2008. Meanwhile, the shale gas revolution has set the stage for declining prices per mmbtu of natural gas.
North America’s Energy Bounty, By the Numbers
On Tuesday, the Institute for Energy Research issued its North American Energy Inventory (.pdf link), a report which documents the government’s own estimates of oil, natural gas and coal resources for the U.S., Canada and Mexico. (The IER is a non-profit, non-partisan 501(c)3 organization that is dedicated to advancing America’s supply using free market principles.) In a nutshell, North America contains a vast bounty of | Read More »
In Defense of a Democrat
In its never-ending quest to stop the peril this country faces from natural gas, the New York Times takes on Rep. Dan Boren, the sole Democrat in Oklahoma’s congressional delegation. He co-chairs the House Natural Gas Caucus and serves as a member of the House Natural Resources Committee. As a representative of the #3 gas-producing state, it’s not surprising that his voting record is decidedly | Read More »
NY Times on Natural Gas: Ponzi Scheme, Pandora’s Box, or Rubik’s Cube?
The New York Times descends even deeper into self-parody with its ongoing crusade against natural gas development. Thursday’s installment: Rush to Drill for Natural Gas Creates Conflicts With Mortgages It seems that some mortgage lenders are beginning to balk at lending money secured by real estate if said real estate is under development for natural gas. A credit union in upstate New York has started | Read More »
Drilling in New Jersey? No Fracking Way!
New Jersey Governor Chris Christie issued a conditional veto on a measure that would have imposed a permanent ban on hydraulic fracturing — a/k/a “fracking” — in the Garden State. Instead, Christie has suggested a year-long moratorium on the practice. The debate over fracking in New Jersey is mostly symbolic. New Jersey has exactly zero oil and gas wells. It is, however, the nation’s #7 | Read More »
Drilling Rigs in Pennsylvania! Hide the Womenfolk!
Democratic State Rep. Michael Sturla is apparently not the sharpest knife in the drawer. Speaking of the impact of the Marcellus Shale drilling boom on Pennsylvania, Sturla said: “Also, aside from building roads so their trucks can get to drill sites and doing a little stream work to mitigate damage from their road building, exactly what are all those things the drillers are doing for | Read More »
Let’s Replace EPA With Employment Protection Agency
When members of Congress return to Washington in September, they must confront the next budget challenge; a Continuing Resolution for FY 2012. While the top line discretionary spending level has already been agreed upon through the debt ceiling agreement, the specific levels of funding for each department and agency are still up for debate (or closed-door negotiations, in this case). Unfortunately, instead of prudently analyzing | Read More »
Germany’s Plan to Nix Nukes: Macht Nichts!
Well, that didn’t take long. In late May, and in the wake of the Fukushima nuclear crisis, Germany announced that it would phase out nuclear power generation by 2022. Nine active nuclear sites currently supply 22% of German electricity. Another eight are offline. But there’s a hitch in this well-thought-out plan: it gets cold in northern Europe in the winter, and people need lots of | Read More »
The New York Times Says Shale Gas is a Giant Ponzi Scheme. Erm, No.
The New York Times really hates natural gas. Just in the last year, the Times has run scaremongering articles on the dangers of hydrofracking and Gasland-inspired tales of groundwater contamination in the “shale plays”, the unconventional sources of natural gas that have redefined domestic gas supply withing the last decade. On Sunday, the paper drifted into unfamiliar and inhospitable territory: petroleum economics. The Times published | Read More »
The Left’s War on Fracking and Domestic Oil Production
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Kathleen Hartnett White to discuss the Left’s smear campaign against fracking and how the technology can open up large tracks of oil and natural gas right there in the U.S. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. | 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 »
‘Haynesville’, the Film
Turesday night, CNBC featured the broadcast premiere of Haynesville, a documentary film by Gregory Kallenberg. The film tells of the impact of the Haynesville Shale natural gas field on the residents of DeSoto Parish, Louisiana. I’d recommend Haynesville to everyone. According to its boosters, the Haynesville Shale contains some 230 trillion cubic feet of gas. To put that in perspective, that quantity is roughly equal | Read More »
Exploring Natural Gas Onshore
Just a few years ago, you could’ve bought all the land you wanted in DeSoto Parish, LA for $1,000 or so an acre. While oil and gas production was not unknown in the rural northwestern parish, most thought DeSoto’s glory days were gone forever. The Haynesville Shale natural gas play has changed all that. “People went to bed one night poor and woke up the | Read More »
Obama Finds ‘Strange New Respect’ For Natural Gas
The President’s post-election remarks contained something of an “olive branch” to Congressional Republicans. It came in the form of a broad hint that the Administration might backpedal on its opposition to natural gas development. Obama’s Enthusiasm for Gas Drilling Raises Eyebrows “We’ve got, I think, broad agreement that we’ve got terrific natural gas resources in this country,” Obama said when he was pressed for issues | Read More »
, de facto moratorium
, Dept of Interior
, Hydraulic Fracturing
, ken salazar
, Natural Gas