Hubbert’s Peak or Yergin’s Plateau?
In 1956, Shell geologist M. King Hubbert correctly predicted that oil production in the United States would reach a peak around 1970. Since his Peak Oil theory fits so well with the Malthusian worldview of “Progressives”, anti-capitalists and anarchists, Hubbert has become a posthumous hero to the Left, an unusual role for a scientist polluted by the filthy lucre of the oil industry. Peak Oil’s | Read More »
Good News: Oil Drilling Off Florida Begins Nov. 1. Bad News: It’s in Cuba.
While it’s been the subject of rumor, gossip and misinformation for the last several years, this time it’s real: drilling off the north shore of Cuba is scheduled to begin November 1. Six wells are planned to be drilled with this rig by the various international companies who own exploration rights off the north shore of the island. …Spanish energy company Repsol and its partners | Read More »
The Democratic Wipeout in Louisiana is of Biblical Proportions
Huey Long must be turning over in his grave. Qualifying closed today for Louisiana’s Fall 2011 statewide elections, and the once super-dominant Democratic Party has failed to field a single credible candidate for statewide office. Not a single one. Louisiana’s citizens have common sense. They understand that the policies favored by Washington Dems (on energy in particular) seem expressly designed to cripple Louisiana’s economy and | Read More »
Is Irene a Harbinger, or an Expected Event?
Is Hurricane Irene a “harbinger of human-induced Climate Change” as a New York Times headline suggests, or just a seasonal tropical cyclone? We are, after all, smack-dab in the middle of hurricane season. Seeing Irene as Harbinger of a Change in Climate By JUSTIN GILLIS, The New York Times August 27, 2011 The scale of Hurricane Irene, which could cause more extensive damage along the | Read More »
Edwin Edwards for Governor?
Fans of former Louisiana Governor Edwin Edwards have created a Facebook page called “Ask Obama to Pardon Edwin Edwards”. As an convicted felon, the Silver Zipper is precluded from running for a fifth term as governor. Barack Obama could change all that. According to Edwin, you see, Bobby Jindal has things so messed up in Louisiana that the Democrats are having trouble finding anyone to | 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 »
Exxon’s Offshore Lawsuit: The Rest of the Story
Last week, ExxonMobil filed a lawsuit against the Department of the Interior in the Western District of Louisiana. The lawsuit alleges that DOI, through the Minerals Management Service (MMS), acted improperly in cancelling three leases owned by ExxonMobil and Statoil, its 50% partner. The leases are in a field designated “Julia”, which lies in 7,000 feet of water, some 200 miles off the Louisiana coast. | Read More »
If Global Warming Doesn’t Kill Us, ET Will
Jon Huntsman tweeted yesterday: To be clear. I believe in evolution and trust scientists on global warming. Call me crazy. Um. These scientists you trust, some of them at least, are accused of data manipulation and standing the peer-review process on its head. Call me crazy, but I don’t trust them. In related news, The Guardian brings us: Aliens may destroy humanity to protect other | 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 »
Keystone XL Pipeline: Bureaucratic Hacky-Sack
The Obama Administration continues to play bureaucratic hacky-sack with what could be a key element of our nation’s secure energy future: the Keystone XL pipeline project. The new line would increase the export capacity of the Keystone Pipeline (placed in service 2008) by 700,000 barrels of Canadian oil-sands oil per day. The expansion would also facilitate the domestic movement of crude from the key storage | Read More »
It’s Not Easy Going Green, Part IV
Remember jatropha? In 2007, Goldman Sachs called it one of the best candidates for future biofuels. Time Magazine touted its promise in an article from January, 2009: Renewable energy, it turns out, does grow on trees. The fruit pods plucked from jatropha trees have seeds that produce clean-burning diesel fuel. But unlike corn and other biofuel sources, the jatropha doesn’t have to compete with food | Read More »
“Sustainability” is something of a corporate fad. Shell Oil has a sustainability policy. So does ExxonMobil. Dow Chemical. Walmart. Mattel. Even Ben and Jerry’s has a sustainability policy. Even though “sustainability” may be interpreted differently in different companies, sustainability is something that corporate boards have come to expect of their managements. Is it too much to expect our government and the people who run it | Read More »
Congressional Democrats Aim to Kill Energy’s Golden Goose
If “it’s all about the jobs”, why are Democrats trying to kill one of the only successful job creation engines in our economy? From Texas and Louisiana to North Dakota and Pennsylvania, energy development is creating good jobs, well-paying jobs, by the tens and even hundreds of thousands. Billions of dollars are flowing into the economies of the host states. The common thread of the | Read More »
WSJ Misses the Mark on Oil Markets and the SPR
An article by Sarah Kent in Monday’s Wall Street Journal, “Traders Eye Oil Tanker Play”, (full text requires subscription*) purports to explain current action in the oil market, as 30 million barrels of crude oil are due to be released from the Strategic Petroleum Reserve (SPR) before August 31. … While they fall short of the lefty paranoia of ThinkProgress.org and its crack “investigative journalist”, | Read More »