Post-Mortem for the Ethanol Tax Credit
A couple of weeks back, my boss asked a question that I could not immediately answer: The ethanol tax credit expired on December 31. The price of ethanol should have gone up afterward. Did it? How much has that affected the price of gasoline? I turned to my friends at the American Petroleum Institute for help. Their surprising answer, in part: API declined to answer | Read More »
EPA and the White House Wash Their Hands of the ‘Crucifixion’ Mess [UPDATED]
UPDATE 4/30/2012 via Fox News: Top EPA official resigns after ‘crucify’ comment A top EPA official has resigned after coming under scrutiny for 2010 remarks in which he compared the agency’s enforcement strategy to Roman crucifixion. Al Armendariz, the top environmental official in the oil-rich South and Southwest region, resigned in a letter to EPA Administrator Lisa Jackson on Sunday, saying he did not want | Read More »
The Way Things Are Going, They’re Gonna Crucify Me.
Apologies to John Lennon. Concept by Al Armendariz, Administrator of EPA Region VI. Repair Man Jack posted the video with analysis here. No apology is necessary, Mr. Armendariz. In a perverse way, your comments reveal the tactics of your agency, and more importantly, the philosophy which motivates Mr. Obama’s entire Administration. It also speaks of the arrogance of a government that thinks its citizens are | Read More »
Earth Day 2012: The Day the Tide Turned
Happy Earth Day 2012, everyone! One day we may look back on this as the time when the tide began to recede – that being the tide of Anthropogenic Global Warming hysteria. The canary in this metaphorical mine is the Discovery Channel, long a mass purveyor of AGW porn. In its new seven-part series “Frozen Planet” Discovery confronts distraught polar bears and calving glaciers in | Read More »
BP Spill: Still Hyping After All These Years
All these years? Poetic license. It’s been two years since the disastrous explosion on the Deepwater Horizon drilling rig. Eleven rig workers were killed in a valiant but failed attempt to control BP’s Macondo well located 50 miles off the mouth of the Mississippi River in Gulf waters 5,000 feet deep. The ensuing blowout seemed to last an eternity. The finger pointing and legal action | Read More »
LA Dems Strip Obama Challenger’s Delegates on Technicality
In the March 24 Louisiana presidential preference primary, Democratic challenger John Wolfe, Jr. scored 17,804 votes. Wolfe is a lawyer from Chattanooga, TN and a virtual unknown in Louisiana. Party rules award delegates to the national convention for any candidate whose vote exceeds 15% in a congressional district. Wolfe racked up almost 19.6% in the 1st District, 17.2% in the 3rd and 22.0% in my | Read More »
A Little Perspective, Please.
From Business Week: Exxon’s top exec got a 17pct. pay raise in 2011 Exxon Mobil gave its top executive a 17 percent increase in compensation last year, as the oil giant posted one of its most profitable years on record. Rex Tillerson, 60, received a pay package worth $25.2 million, up from $21.5 million in 2010, according to an AP analysis of a regulatory filing | Read More »
Fracking is Blamed for … Well, Everything, Really.
Blaming natural phenomena on fracking is this year’s fad, reminiscent of the mood ring, the pet rock or Anthropogenic Global Warming. Item 1. Vice-President of the United States Joe Biden may not know what hydrofracking is, but he does know that it sounds plenty scary. “… There’s a thing called fracking. They’ve got to go crack the rock in order to get [oil and gas] | Read More »
Louisiana Primary Open Thread
With 3/4 of the precincts reporting, Rick Santorum is leading with nearly 50% of the Republican vote. Romney has 26%, Gingrich 16%. Update 10:18 pm CDT: That margin looks like it will hold. See TheHayride’s analysis here. Incumbent President Barack Obama has 72% of the Democratic vote against a powerful field that includes Bob Ely, Darcy G. Richardson and John Wolfe. Unofficial tally here. Open | Read More »
Ministry of Truth Begins the ‘Rehabilitation’ of Obama’s Energy Record
What better place to start the correction of history than in the pages of The New York Times: U.S. Inches Toward Goal of Energy Independence Taken together, the increasing production and declining consumption have unexpectedly brought the United States markedly closer to a goal that has tantalized presidents since Richard Nixon: independence from foreign energy sources, a milestone that could reconfigure American foreign policy, the | Read More »
Obama’s Big Energy Gaffe
In his Thursday energy/pipeline speech at Cushing, OK, President Obama opened his mouth and revealed a total lack of understanding of our nation’s energy supply picture. And I’ve been saying for the last few weeks, and I want everybody to understand this, we use 20 percent of the world’s oil; we only produce 2 percent of the world’s oil. Hmmm. “We only produce 2 percent | Read More »
‘Intellectual Bankruptcy’, Dr. Krugman?
Paul Krugman’s op-ed, “Natural Born Drillers” (New York Times, March 15), purports to show with a hard look at the numbers why no thinking, perceptive person could possibly believe that “Drill, Baby, Drill” is a solution to the nation’s energy and economic woes: [G]iving the oil companies carte blanche isn’t a serious jobs program. Put it this way: Employment in oil and gas extraction has | Read More »
Flashback to 2009: Administration Policies Sought to Discourage ‘Overproduction’ of Oil
In May 2009, four months into the Obama presidency, retail gasoline prices averaged $2.32 per gallon. Rep. Charles Boustany (R-LA) wrote Treasury Secretary Tim Geithner to express concern about the impact that the Administration’s budgeted changes in tax policy would have on the oil and gas industry. Secretary Geithner clearly laid out the Administration position in his letter of response (pdf link). That was then, | Read More »
Obama, Energy Promises, and Empty Rhetoric
Voters in the November election will be acutely aware of two key economic variables above all others: the national unemployment rate, and the price they pay for a gallon of gasoline. President Obama senses his vulnerability on gasoline prices, and is busy erecting a defense against charges that his actions (or inactions) have contributed to high prices. His weekly radio address focused on the problem | Read More »
Correcting Rush on The Big Energy Lie
Rush Limbaugh is on a rant right now about the Big Energy Lie – President Obama’s assertion that: “We can’t just drill our way out of this problem — while we consume 20% of the world’s oil, we only have 2% of the world’s oil reserves,” he said. [Source.] Rush confused the issue with regard to the definition of reserves, suggesting that it has something | Read More »