This entertaining and informative video was put together by the Offshore Marine Services Association, an industry association which represents, not oil companies or drilling contractors, but the owners of the supply vessels which service them.
The White House Blog, in a post entitled “Expanding Safe and Responsible Energy Production”, lays out the case for the Obama Administration as a long-time supporter of domestic oil and gas: One area where we have focused our efforts since the start of the administration – long before this current spike – is increasing responsible domestic energy production – including oil and gas. In fact, | Read More »
On Wednesday, Mississippi Governor Haley Barbour spoke to the U.S. Chamber of Commerce on energy policy: Barbour says Obama cheers for higher gas price “This administration’s policies have been designed to drive up the cost of energy in the name of reducing pollution, in the name of making very expensive alternative fuels more economically competitive,” Barbour said… Barbour cited a statement by Nobel laureate Steven | Read More »
The Academy of Motion Picture Arts and Sciences (COMINTERN) (AMPAS) are a bunch of suckers when it comes to Leftist propaganda films featuring outrageous, junk-science based, anti-capitalist claptrap. Just ask Al Gore, who won an Oscar a few years back for An Inconvenient Truth. One of this year’s nominees in the Documentary Feature category is a film by Josh Fox and Trish Adlesic called Gasland. | Read More »
As “Vladimir”, I’ve written at length about the destructive energy policies of the Left and of the Obama Administration. Specifically, their hostility toward domestic producers and the producing states will inevitably lead to higher unemployment and a stagnant economy in the near term; long term, they imperil our national security. What could possibly motivate them? Some say that Obama is merely the puppet of an | Read More »
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 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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
Via correspondent Poe Leggette, the Western Energy Alliance‘s analysis of oil and gas leasing in the RockY Mountain states under the last three administrations: Bear in mind that the Federal government is the primary owner of much of the land in several western states. Combine that with the fact that the March 2010 Lease Sale was the last one we’ll see in the Gulf of | Read More »
Offshore oil and gas wells typically are able to produce at high rates at the beginning of their lives. Reserves are not infinite, so that means a rapid natural rate of decline as reserves deplete. “Reserve replacement” is a big issue; we often say that every day that you don’t replace production in the oilfield means you’re just slowly going out of business. How do | Read More »
Turesday night, CNBC featured the broadcast premiere of Haynesville, a documentary film by Gregory Kallenberg. The film tells of the impact of the Haynesville Shale natural gas field on the residents of DeSoto Parish, Louisiana. I’d recommend Haynesville to everyone. According to its boosters, the Haynesville Shale contains some 230 trillion cubic feet of gas. To put that in perspective, that quantity is roughly equal | Read More »
Just a few years ago, you could’ve bought all the land you wanted in DeSoto Parish, LA for $1,000 or so an acre. While oil and gas production was not unknown in the rural northwestern parish, most thought DeSoto’s glory days were gone forever. The Haynesville Shale natural gas play has changed all that. “People went to bed one night poor and woke up the | Read More »
The President’s post-election remarks contained something of an “olive branch” to Congressional Republicans. It came in the form of a broad hint that the Administration might backpedal on its opposition to natural gas development. Obama’s Enthusiasm for Gas Drilling Raises Eyebrows “We’ve got, I think, broad agreement that we’ve got terrific natural gas resources in this country,” Obama said when he was pressed for issues | Read More »
In spite of a vote by its committee on the environment to ban all deep sea drilling in the aftermath of the Deepwater Horizon disaster, the European Parliament has rejected a moratorium on deep sea drilling for oil and gas. By doing so, the EU finds itself in a rather unfamiliar position: being farther to the right on an issue, more pragmatic and more firmly | Read More »
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