SEARCH ALL ARTICLES BY Steve Maley:
Operations Manager for a small Gulf of Mexico Gulf Coast oil & gas explorer & producer.

RECENT ARTICLES

    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 »

    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 »

    The Climes They Are A-Changin’

    Nobel laureate economist and Princeton Professor Paul Krugman opines on the causes of a recent run-up in food prices: Droughts, Floods and Food By PAUL KRUGMAN February 6, 2011 So what’s behind the [food and commodity] price spike? American right-wingers (and the Chinese) blame easy-money policies at the Federal Reserve, with at least one commentator declaring that there is “blood on Bernanke’s hands.” … But | Read More »

    Government by Word Processor

    We all know that BOEMRE has lifted the Deepwater Drilling Moratorium. We also know that few rigs have gone back to work, either in the deepwater or the shallow water Shelf. That’s because of several factors, one of which is the new Interim Final Rule which governs all offshore drilling. Compliance with the Interim Final Rule is necessary for the operator to secure a permit. | 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 »

    ‘Conflict of Interest’ at BOEMRE? Hooey!

    This press release is the biggest load of hooey I’ve seen for a while. The Department of the Interior wants to create two new agencies to remedy what they term “conflicting missions” within a single agency. Hooey. WASHINGTON, D.C. – Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich today announced the structures and | 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 »

    Former Gov. Edwin Edwards (D) Leaves the Crossbar Hotel

    Former Governor Edwin W. Edwards (D) left the Federal Penitentiary in Oakdale, LA today, ending 8-1/2 years of confinement. He had been sentence to 10 years on racketeering charges, stemming from his involvement in the state’s casino licensing process. He will live with his daughter in suburban Baton Rouge, and the terms of his release require him to check in periodically at a halfway house. | Read More »

    On the Oil Spill Commission Report

    As many of you know, your humble correspondent is a veteran of 32 years of service in the oil and gas industry, currently serving as the operations manager for a small Gulf of Mexico exploration and production company. This week, the President’s Oil Spill Commission published its 380-page report on the BP blowout and spill on the Deepwater Horizon. I won’t pretend to have read | Read More »

    A Cotton Bowl Message from Governor Jindal

    Actually, I’m pulling for the representatives of the Big 12 in this game. A first for me. With five minutes left in the first quarter, it looks like the joke is on the Bayou Bengals. Oh, and Open Thread.

    A Picture is Worth 1,000 Words (x3)

    Our friends at Peak Oil site TheOilDrum.com have an interesting year-end feature: The Chart of the Year. Lots of interesting graphs — have a look. Three of my personal favorites are found below the fold, with minimal commentary from your humble correspondent. Having exhumed and drug the remains of John Maynard Keynes through the streets for the last couple of years … How’s Keynesian economic | Read More »

    Settling Accounts on Peak Oil

    In 2005, New York Times columnist John Tierney and Houston investment banker Matt Simmons made a bet on the average price of oil for 2010, to be settled today, January 1, 2011. Simmons died in August, 2010, but by that time it was reasonably certain that he was on the losing end of his bet with Tierney. Simmons had wagered that the average price of | Read More »

    The UK’s Big Freeze Redux

    Bwhahahahahaha! In a replay of last year’s weather pattern, the U.K. is once again in the grips of a Global Warming Climate Change-induced record cold snap. Not to worry. Those industrious Brits had the foresight to build wind farms with rated capacity equal to 5% of the country’s electricity needs. But they’re getting only 1.6% of their electricity from the wind farms. Because… Extreme wintertime | Read More »