Blog

You should probably be aware of this effort because it argues that economic growth is the right answer.  Which is a completely revolutionary (and accurate) thought Open the Gulf (8/26/11) reports: In June 2010, the federal government instituted a moratorium on all deepwater drilling and nearly halted shallow-water drilling following the Deepwater Horizon oil spill in the Gulf of Mexico.   As the region recovered from the oil spill, it became increasingly obvious another tragedy was...
Continue Reading...

Leaving no doubt that the only paper read in the White House is the formerly great New York Times, the Obama Administration unleashed another attack against the last remaining bright spot in the American economy....the miracle of hydraulic fracturing Wall Street Journal (8/25/11) reports: The Securities and Exchange Commission is asking oil and gas companies to provide it with detailed information—including chemicals used and efforts to minimize environmental impact—about their use of a...
Continue Reading...

What if the government called a shortage but no one cared? Marcellus holds 41 times more gas and 339 times more petroleum than the Bush Administration estimated in 2002 Tri Today (8/23/11) reports: A recent U.S. Geological Survey study determined that the Marcellus shale contains about 84 trillion cubic feet of recoverable natural gas and 3.4 billion barrels of recoverable natural gas liquids, much more than initial estimates indicated…Before this study released Tuesday, USGS Marcellus...
Continue Reading...

I guess it’s smaller than I expected reading the article — 5 years, for a total of $2 billion per year; however, the regulatory tax per year is $1.75 trillion according...to an SBA commissioned study Wall Street Journal (8/23/11) reports: The Obama administration will release final plans Tuesday for ending or cutting back hundreds of regulations, an effort to reduce the burden on business and counter criticism that the White House is tone-deaf to business concerns…Certain railroad cars...
Continue Reading...

It’s so sad when families squabble Washington Examiner (8/22/11) reports: Some top Congressional Democrats are losing faith in President Obama's signature employment initiative, the promotion of so-called "green jobs."  They've lost so much faith that on Thursday one liberal Democratic member of Congress called the president's green jobs program "a lot of talk.".."Of course, we want to be a part of the new innovation and the green jobs," Rep. Maxine Waters said on MSNBC Thursday.  "But...
Continue Reading...

Let the great experiment begin! Super Committee received over $64 million in special interest money Fox News  (8/18/11) reports: Let the gridlock begin where it always does, with political donations…The bipartisan "super committee" created under the debt ceiling deal that is supposed to come up with at least $1.2 trillion in deficit savings by the end of November got $64.6 million from special interests groups over the past decade, according to a new analysis by MapLight, a nonpartisan...
Continue Reading...

More news from the peak oil front…San Francisco Chronicle  (8/16/11) reports: Norway's Statoil has received a huge boost to its reserves with the announcement that two previous North Sea oil discoveries are connected which may represent the biggest find in the Norwegian continental shelf in 30 years…Statoil said in a statement Tuesday that the Aldous and Avaldsnes oil discoveries together contain between 500 million and 1.2 billion barrels of oil — significantly more than previously...
Continue Reading...

Obamanomics: destroy demand by eviscerating all value created over the past decade and you’ll have cheaper gas at the pump Wall Street Journal  (8/15/11) reports: The tumbling price of crude oil this month and signs of falling fuel demand point to lower U.S. gasoline prices ahead, though consumers will have to wait for savings to trickle down to the pump…After reaching an almost three-year high of $3.97 a gallon in early May, U.S. retail gasoline prices have fallen nearly 30 cents on a...
Continue Reading...

Good News! Texas Wind Power breaks new records for showing up to work fourteen to twenty-five percent of the time instead of the usual 8%! Bad news; every hour wind makes a megawatt, U.S. subsidies mean we Borrow $22 more dollars from the Chinese who make the confounded things Houston Chronicle (8/11/12) reports: The wind hasn't provided much relief to Texans during the recent run of 100-degree-plus days, but it has helped keep air conditioners humming…Texas' wind turbines, particularly...
Continue Reading...

I guess that once you’ve done all the damage you can do, it is time to move along.  I wonder if Ron gets the concept of moral hazard yet E&E News (8/10/11) reports: Ron Bloom, an Obama administration official who helped oversee the auto industry bailout, will leave his position as a presidential adviser on manufacturing policy at the end of the month, the White House announced today…Bloom had previously served as the administration's "auto czar" and helped work on the restructuring of...
Continue Reading...