This is a little complicated.  Let me make it easy.  When you have a commodity defined by stochasticity, and then you mandate its use, things tend to go bad pretty quickly for the remainder of system.  Or, mandating unreliable energy, like wind, is usually not a good idea Bloomberg (10/3/11) reports: The 15 mile-per-hour winds that buffeted northern Germany on July 24 caused the nation’s 21,600 windmills to generate so much power that utilities such as EON AG and RWE AG (RWE) had to pay...
Continue Reading...

The North Dakota Experiment — we can become the Saudi Arabia of the 21^st century with the right energy policies Wall Street Journal (10/1/11) reports: Harold Hamm, the Oklahoma-based founder and CEO of Continental Resources, the 14th-largest oil company in America, is a man who thinks big. He came to Washington last month to spread a needed message of economic optimism: With the right set of national energy policies, the United States could be "completely energy independent by the end of...
Continue Reading...

Blinded by the light — Obama Administration rushed the Solyndra loan to boost solar energy production for political points and it worked, but it turns out those are our political points… New York Times (9/23/11) reports: President Obama’s visit to the Solyndra solar panel factory in California last year was choreographed down to the last detail — the 20-by-30-foot American flags, the corporate banners hung just so, the special lighting, even coffee and doughnuts for the Secret...
Continue Reading...

EPA, after Shell spends $4 billion and counting and may have 54,000 jobs waiting to be filled by Americans, grants a permit Washington Post (9/19/11) reports: Shell Oil Co. on Monday took a step closer to tapping vast petroleum reserves off Alaska’s Arctic coasts when the federal Environmental Protection Agency approved an air quality permit for one of the company’s drilling vessels…The EPA approved the air permit for the drilling vessel Noble Discover, which Shell hopes to use for...
Continue Reading...

Why change a good headline — There Will be Oil Wall Street Journal (9/17/11) reports:  Since the beginning of the 21st century, a fear has come to pervade the prospects for oil, fueling anxieties about the stability of global energy supplies. It has been stoked by rising prices and growing demand, especially as the people of China and other emerging economies have taken to the road… Its advocates argue that the world is fast approaching (or has already reached) a point of maximum oil...
Continue Reading...

They are getting sloppy with embezzlement these days Wall Street Journal (9/9/11) reports: The political scandal over the failure of Solyndra, the politically connected solar-panel maker, just got a lot more interesting. The FBI raided the company's Fremont, California offices yesterday and executed a search warrant…Congress has been investigating the company, which received a $535 million government loan guarantee in March 2009 and announced August 31 that it is filing for bankruptcy....
Continue Reading...

Repackaged and Repolished

In other words, same whine, new bottle

Washington — The only thing standing in the way of job creation is Washington and we have 4,200 examples to make our case. No, not Solyndra or the Chevy Volt, but rather the amount of regulations coming down the pike that stifle job creation and economic growth. The Obama administration's green jobs and crony capitalism is proven a failure. There is nothing fair about how the President 'invested' the stimulus money and...
Continue Reading...

In an effort to advert more solar bankruptcies, the Obama administration is now financing 160,000 solar installation on military bases Mercury News (9/7/11) reports: Foster City-based SolarCity, which has installed solar panels on 16,000 homes nationwide, on Wednesday announced an ambitious $1 billion plan to put solar panels on 160,000 houses and other buildings on military bases in 33 states…The move signals that the military, which is eager to reduce its energy use, is becoming a key...
Continue Reading...

Did you know Israel has the 2nd largest oil shale reserves in the world? That we are the first? But they don't have Ken Salazar, so they're pursuing theirs while we twiddle our thumbs  The Australian (9/6/11) reports: But an updated version may be required if Harold Vinegar and his colleagues get their way. Dr Vinegar, the former chief scientist of Royal Dutch Shell, is at the centre of an ambitious project to turn Israel into one of the world's leading oil producers….Israel Energy...
Continue Reading...

Our Money

AEA Releases Radio Ads Highlighting NAT GAS Act as Another Wasteful Washington Program

WASHINGTON – Today, the American Energy Alliance released a radio advertisement campaign entitled, “Our Money ”.  The ads will run in markets in Idaho, Wyoming, Maine, Alabama, and Mississippi.  They specifically reference the NAT GAS Act (H.R. 1301) as an example of another in a long line of unwise, unwarranted, and unaffordable federal policies. AEA President Thomas Pyle noted that:...
Continue Reading...