Karma’s a Botch.
Last week, we heard about the Fisker Karma, the new electric vehicle being built in Finland using a $529 million loan from U.S. taxpayers. Beneficiaries of this deal include one Albert Gore, partner in the “green” venture capital firm Kleiner Perkins Caufield & Byers. Now Forbes contributor Warren Meyer weighs in with an analysis of the Karma’s true energy efficiency, rate in miles-per-gallon equivalent according | 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 »
Windmills are not healthy for bats, eagles and other flying things.
The giant Bird Cuisinarts are at it again. Only this time they’re killing bats. Well, a bat, but an endangered bat. Windmills stopped at night after bat death Thirty-five windmills at a western Pennsylvania wind farm have been silenced at night since a bat that belongs to an endangered species was found dead under one of the turbines. The Tribune-Democrat of Johnstown is reporting the | Read More »
Nevada Geothermal Power: Solyndra Lite?
The New York Times reports on another Department of Energy green energy loan going bad. This one involves Nevada Geothermal Power, which generates electrical power using near-surface geothermal heat. After $79 million in loans and $66 million in outright grants, the company’s auditor has concluded that there is significant doubts about its ability to continue as a going concern. In this case, Nevada Geothermal was | Read More »
Harold Hamm and the North Dakota Miracle
Unlike most of his peers, Harold Hamm didn’t get his start in the oil field with degree in geology or engineering. Hamm drove a truck. Maybe the lack of a college degree made it easier for Hamm to imagine the possible and focus on making it happen. “Imagining the possible” allowed Hamm to build the nation’s 14th-largest oil company, Continental Resources, based in Enid, OK. | Read More »
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 »