Cyberattacks Target Oil in the Middle East
According to an article in The New York Times, on August 15 of this year a successful cyberattack struck Aramco, Saudi Arabia’s national oil company and the world’s largest oil producer. The virus-based attack wiped the hard drives of 30,000 personal computers, three-fourths of the company’s internal network, replacing data files with the image of a burning American flag. Damage was limited to the corporate | Read More »
Paging Mr. Oil, Mr. Gas, Mr. Coal: Obama on Energy
Tuesday evening, Mitt Romney summed up his opponent nicely: “[President Obama] has not been Mr. Oil, or Mr. Gas, or Mr. Coal.” With a little less ideology and a little more pragmatism, Barack Obama might have forged a legacy as the Energy President. Much as Bill Clinton rode the groundswell of the 1990s internet boom, Mr. Obama might have been able to translate his good fortune into political capital. But he didn’t.
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Fact Checking CNN’s Fact Checkers
What is the value of fact checking if the fact-checkers don’t have a clue about the facts they’re checking? CNN’s fact checkers accuse Mitt Romney of playing fast and loose with the data. In reality, he displayed a masterful executive-level command of the issues. It’s President Obama they should worry about.
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Drain the Swamp
The heroes of Flight 93 didn’t have a week to conclude we were under terrorist attack on September 11, 2001. The attacks had no precedent. Flight 93′s passengers had scant shreds of information but a ton of common sense and the will to act. Were it not for their decisive action, we’d now have a crater on Capitol Hill, or a Perpetual Peace Garden at 1600 Pennsylvania Avenue, instead of a silent memorial in the woods near Shanksville, PA.
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‘We have more oil and natural gas than anyone thought possible even 5 years ago.’
The domestic oil and gas supply picture is better than it’s been in a generation, and it’s getting better every day. That’s not just my opinion; it’s also the conclusion of Adam Sieminski, chief administrator of the Department of Energy’s Energy Information Administration (EIA), the government’s one-stop shop for all statistics related to our nation’s energy production and consumption. Sieminski was interviewed by Platt’s Energy | Read More »
NYTimes OpEd: ‘Is the Oil Boom a Mirage?’ Ummmmm. No.
In a New York Times OpEd (Sept. 4, 2012), Old Dominion political science professor Steve Yetiv poses the question: : “Is the Energy Boom a Mirage?”
Short answer: “Not just No, but Hell, No!”
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Cue the Fat Lady
During my company’s eight-year run as an operator in the Gulf of Mexico, we found and produced about one day’s worth of U.S. natural gas consumption and a few hours worth of oil production. That may not sound like much, but the economic activity of independent oil and gas companies sustains much of the Gulf Coast region and provides thousands of jobs. All that is | Read More »
Tags: BP Spill
, Carol Browner
, Deepwater Horizon
, Heather Zichal
, ken salazar
, Michael Bromwich
False Sense of (Energy) Security
Superficially, it would seem that the nation is successfully pursuing the Obama Administration’s stated energy goals of “increasing domestic oil production” and “reducing our dependence on foreign oil.” Domestic oil production has increased, but in spite of and not because of Administration policies. And while our overall oil import demand has declined, our imports from the Persian Gulf states, and Saudi Arabia in particular, have | Read More »
Does Drilling in ANWR Make More Sense than the Alaskan Offshore?
At this writing, Shell Oil is awaiting final permits from the Department of the Interior and EPA for drill two of five wells in the Arctic Ocean offshore Alaska that were originally planned for 2012. Later than normal breakup of pack ice also caused Shell some delays. According to Human Events: The company is now counting on operations beginning in early August, which gives them | Read More »
U.N.’s Carbon Credits Create Perverse Incentives
It seems harmless enough when an airline offers their customers “green indulgences” in the form of carbon credits when buying a ticket. The credits are intended to resolve the guilt the customer is supposed to feel for his wanton use of fossil fuels. In practice, the credits have become a perverse incentive for practices that are exactly opposite what the U.N. intended when it created | Read More »
Tags: Carbon Credits
, Carbon Trading
, Kyoto Protocols
2008 Obama Voter Interviews Her 2012 Self
A parody video that answers the question “How’s all that hopey-changey stuff workin’ out for ya?” A CO-PRODUCTION OF: http://www.republicanpartyanimals.org and http://houseofsunny.tv Nice work. Open thread.
Rep. Ed Markey (D-MA): Captain Ahab or Doctor Evil?
Rep. Ed Markey of Massachusetts, ranking member of the House Natural Resources Committee, has a major obsession. Markey’s Great White Whale is called the Deepwater Royalty Relief Act of 1995 (details below the fold). In Markey’s mind, several deepwater Gulf of Mexico operators have gotten over on the government to the tune of several billion dollars in oil and gas royalties. The operators counter that | Read More »
Obama to Super Bowl Champs: ‘You Didn’t Build That’
No, of course he didn’t say that. But what if he had? And why is it any less appropriate to tell a sports hero that than a small business owner? Imagine for a moment an alternate universe where the President talked smack to the Giants … “..Look, if you’ve been successful, you didn’t get there on your own. You didn’t get there on your own.” | Read More »
Deconstructing the American Dream
I sat down this morning to write about teachers and bridges, about motivation and inspiration. Upon rereading the President’s Roanoke remarks, however, my focus shifted away from my planned topic of entrepreneurial outrage (“You didn’t build that!”). Reading deeper, a more alarming theme emerged: Now, we don’t need more top-down economics. I’ve got a different view. I believe that the way you grow the economy | Read More »
I Do Not Like It, Uncle Sam! I Do Not Like Your Clean Green Scam!
Will government ever learn? Every time they try to fool the market with some cockamamie attempt at central planning, they create a discontinuity in the market. These discontinuities can often be exploited for gain. That’s when the jackals rush in. The EPA runs a program that is supposed to ensure 36 billion gallons of biofuels are blended into the gasoline supply by 2022. Every gallon | Read More »