News

It’s hypocritical for the same politicians calling for sanctions on China for placing quotas on a its rare earth exports to simultaneously try to block the export of our own natural gas resources MarketWatch (4/2/12) reports: The Chinese are wrong in the case of rare earth elements and should reverse their practices. President Obama shouldn’t follow in their footsteps with U.S. natural gas, a move which not only runs counter to our own obligations, but which threatens our own economic recovery.

Wind energy comes up snake eyes in Nevada, but you already knew that. This is getting to be a dog bites man story, and we are not going to run them anymore. Except to point out that people who support extending the wind PTC (like Jerry Moran) are fools Las Vegas Sun (4/2/12) reports: A year ago, a Reno clean energy businessman warned the Public Utilities Commission that if it didn’t set a few standards for NV Energy’s wind rebate program, its customers could end up footing the bill for turbines that rarely produce electricity…One reason behind his concern: To be eligible for rebates, customers didn’t need to prove that the wind actually blows enough to justify installing a turbine on their property.
If you were blind, there would be no sin in that. But you say “we see”. And your sin remains Politico (4/3/12) reports: Former federal offshore oil-and-gas-drilling enforcer Michael Bromwich readily admits he might have rubbed people the wrong way…“I may be not as good as some other people are at turning the other cheek,” he said in an interview Monday. “I think that I’m a strong personality, I have strong views. I let people know what I think — including members of Congress at hearings — and I think people don’t like that. Some people don’t like that.”

Well now.  Maybe Lincoln was right with that whole fooling some of the people some of the time Smart Money (4/3/12) reports: March sales rose 22% from the previous month and 13% from a year ago to an annualized rate of 14.3 million vehicles, according to data released today by Edmunds.com. Experts credit rising gas prices as a leading factor for this spike in consumer demand. Sales of subcompact cars and mid-size cars made up 24% of total market share in March, up three percentage points from a year ago – the biggest growth in any category, according to forecasts by Kelley Blue Book. But despite the large swings in gas prices, hybrid sales have barely budged: they made up just 2.1% of market share last month, almost unchanged from a year ago. Of the 1.4 million cars that sold last month, less than 30,000 of them were hybrids. “Interest in hybrids is not as high as one would think especially in light of high gas prices,” says Jesse Toprak, vice president of market intelligence at TrueCar.com.

So if Romney’s policies are bad, does that mean that President Rig Count’s policies are good?  Or does it just mean we are already in the campaign of personal destruction?  Kind of sad for a guy who started out as the Messiah New York Times (4/3/12) reports: The Obama campaign is putting nearly $1.4 million behind its newest commercial, getting the president’s message on the air in some of the nation’s largest television markets, according to figures provided by a Republican strategist who tracks media purchases…The ad buy covers six battleground states — Colorado, Florida, Iowa, Ohio, Nevada and Virginia — and includes cities like Tampa, Fla.; West Palm Beach, Fla.; Des Moines; and Cleveland…The ad will be shown on both broadcast and cable television.

Solyndra.  Beacon.  First Light.  Q-Cells.  They will be thrown into the exterior darkness, where there will be weeping and gnashing of teeth.  For many are called, but few are chosen GWPF The German firm says it has abandoned an attempt to refinance its debts and will file for insolvency on Tuesday…Like other solar panel makers, Q-Cells has been hit by falling prices and last year the firm lost 846m euros ($1.1bn; £702m)…The company started in 2001 with 19 staff and now employs more than 2,000 workers…Q-Cells had been trying to organise a deal to swap debt for shares in the company.

Now we are on to something New York Times (4/2/12) reports: Butterfly wings are not just beautiful. They are also sophisticated collectors of solar energy that help butterflies stay warm, and researchers say that their shinglelike structure could provide valuable clues into developing better solar technology.

Wow.  We must have really hit a nerve with our latest ad Politico (4/2/12) reports: President Obama’s reelection campaign has launched their third television spot of the cycle — an energy-themed ad that takes aim at both Mitt Romney and Big Oil companies…”Under President Obama, domestic oil production’s at an eight-year high,” the ad charges. “So why is Big Oil attacking him? Because he’s fighting to end their tax breaks.”…”He’s raising mileage standards, and doubling renewable energy,” the ad’s narrator says. “In all these fights, Mitt Romney’s stood with Big Oil— for their tax breaks, attacking higher mileage standards and renewables.”

Vroom…Vrooom! Chevy Volt production will remain idle for the next 12 weeks Detroit Free Press General Motors plans to halt production of the Chevrolet Volt at its Detroit-Hamtramck plant for three weeks in July, instead of the traditional two-week shutdown…”This is (a) normal part of business as managing to market demand,” GM spokeswoman Michelle Malcho said in an e-mail…Volt production has been idled for a five-week stretch through April 23 because dealers had a surplus of the plug-in extended-range electric vehicle…The Volt, which can travel about 35 miles on a single charge of electricity until a gasoline-powered generator kicks in, has yet to live up to the automaker’s original sales expectations. Chevrolet sold 1,023 Volts in February.

You know the best part?  The Rubio crew sent along an op-ed supporting ethanol as proof that the Senator is really right on global warming.  He will definitely make a great running mate for Willard Buzzfeed (4/2/12) reports: Florida Senator Marco Rubio is considered a likely Republican Vice Presidential nominee. But Rubio’s past carries some positions now decried by the right. In 2008, as Speaker of the Florida House of Representatives, Rubio presided over a vote directing the Florida Department of Environmental Protection to create rules for limiting carbon emissions. In 2007, Rubio delivered this speech on energy, where he said “this nation and ultimately the world, are heading towards emissions caps,” adding Florida could become the “Silicon Valley” of green energy. Update This was not as strong as the federal legislation known a “cap and trade” and a Rubio spokesman emails this 2007 op-ed in which the then House Speaker cites opposition to cap and trade legislation.”

And EPA immediately tried to regulate it . . .Wall Street Journal (4/2/12) reports: When our ancestors first used fire has been a long-running debate, and a new study concludes the earliest firm evidence comes from about one million years ago in a South African cave…The ash and burnt-bone samples found there suggest fires frequently burned in that spot, researchers said Monday…Over the years, some experts have cited evidence of fire from as long as 1.5 million years ago, and some have argued it was used even earlier, a key step toward evolution of a larger brain. But it is a tricky issue. Even if there is evidence of an ancient blaze, how do researchers know it wasn’t just a wildfire?

Somewhere, Randy Randol is laughing GWPF (4/2/12) reports: Analysis by the GWPF of the newly released HadCRUT4 global temperature database shows that there has been no global warming in the past 15 years – a timescale that challenges current models of global warming…The important question is whether 15 years is a sufficient length of time from which to draw climatic conclusions that are usually considered over 30 years, as well as its implications for climate projections.

If some is good, more is better Yahoo (3/29/12) reports: An outside group with ties to conservative causes on Thursday launched a $3.6 million ad buy lashing out at President Barack Obama’s energy record, blaming him for rising gas prices and his decision to delay the Keystone XL pipeline project…The ads aired in eight states by the American Energy Alliance seek to undercut Obama’s message that he has increased oil drilling and pushed to develop renewable energy sources, and came as the president unsuccessfully pressured Congress to cut billions of dollars in subsidies for oil companies…The ad, called “Nine dollar gas,” says gas prices have nearly doubled on Obama’s watch and criticizes his opposition to oil drilling in Alaska, his effort to block the Keystone XL pipeline and the administration’s decision to provide more than $500 million in federal loans to solar company Solyndra, which later went bankrupt.

It is tragic and ridiculous that Canadians are better at anything than we are Oil Daily (subscription) (3/29/12) reports: The Canadian government presented a federal budget on Thursday which includes at least one provision that should go down well with the country’s oil and gas industry….One of the key elements is an initiative to shift environmental reviews for natural resources projects to provincial governments. The idea is to reduce regulatory delays faced by energy and mining companies which are pursuing large infrastructure projects…The new guidelines will limit environmental reviews to a maximum of two years…And in a surprise twist, Canadian Finance Minister Jim Flaherty said the new regulatory process will also apply to environmental reviews that are currently underway, including the hearings on Enbridge’s controversial Northern Gateway pipeline from northern Alberta to the Pacific coast.

Sometimes this business just makes me tired all over.  So let’s do some math.  If I give you $41 billion a year, and you give me $4 billion back, which of us is subsidizing the other one?  How can anyone take the crew that started this conversation by asking the House of Wahhabis for more oil seriously? Yahoo (3/29/12) reports: President Barack Obama’s plea to Congress to end $4 billion in tax subsidies to oil companies was rebuffed Thursday as the Senate turned back a Democratic bill to repeal the tax breaks…Moments after Obama made his election-year appeal in the White House Rose Garden, the Senate failed to reach the threshold of votes needed to proceed to a measure that would have ended the subsidies. Obama had argued that Americans are getting hit twice — once at the gas pump, and once more by sending billions of dollars in tax subsidies to oil companies.

I have no idea why this guy seems surprised.  I mean, what are the odds that environmentalists would be opposed to energy projects?  But the best part is buried in the story:  the guy who runs CAISO (the grid operator) in California admits that the State’s renewable energy mandate is going to further destabilize the grid and compromise reliability.  As tragic, doomed California sinks deeper into the quicksand Forbes (3/29/12) reports: The North American Electric Reliability Corp. says that if a national grid is not built out then renewables will suffer. It says that 11,000 miles of high-voltage transmission lines are needed to ensure that the lights stay on for the next decade. The paradox is that many green groups want to first encourage more conservation before considering transmission — lines that would carry wind and solar electrons. “The California grid is unstable and it is likely to become even more unstable,” as an increasing amount of green energy is required by state mandate, says Bob Foster, who heads the California Independent System Operator that serves as the state’s traffic cop for the transmission grid.

Ramming speed….Law 360 (3/20/12) reports: Shell Gulf of Mexico Inc. on Wednesday won a court order blocking Greenpeace Inc. activists from barricading or occupying its drilling ships bound for the Arctic until October, which will be months after the oil giant plans to kick off exploratory drilling…A federal judge in Alaska upgraded Shell’s temporary restraining order against Greenpeace to a preliminary injunction, finding that Shell could face irreparable harm without it.

The answer is, of course, who cares?  The only reason anyone buys a Prius is so they can demonstrate how much holier they are than everyone else.  And to expose the fact that they don’t what the word “fungible” means Good Magazine (3/27?12) reports: In his book, The Conundrum, New Yorker staff writer David Owen ruffles the feathers of energy-efficiency advocates with his argument that living sustainably often means living, in his words, “pretty much the way I live right now, though maybe with a different car.” He argues that no matter how many Priuses, LED bulbs, and vegetarian entrees we buy, we won’t save the planet, because we’ll negate the energy (and money) savings by spending them on some other energy-sucking activity…Owen’s argument rings true to anyone who’s rationalized leaving the extra-efficient lights on when rushing out of the house (guilty) or eating a hamburger after a few meat-free meals (guilty again). But there’s plenty of evidence that consumption justified by sustainable choices doesn’t eat up all the energy saved. A new bit of research makes that case for the Prius, a quintessential green purchase.

We have a lot of energy Fuel Fix (3/28/12) reports: The number of gas drilling rigs is declining in Pennsylvania and nationwide, due to a combination of low natural gas prices and renewed interest in oil…There were 98 drilling rigs in Pennsylvania during the week of March 23, according to Baker Hughes, a company that monitors national counts. That’s down from a peak of 116 reached during the summer of 2011. Drilling rigs bore the holes and set pipes, but all wells don’t go into production immediately…Experts said the decline doesn’t mean the natural gas boom is over, in Pennsylvania or elsewhere. Now, many companies are investing in pipelines and other distribution facilities.

And when we say a lot, we mean we are never going to run out CNBC (3/27/12) reports: Increased production of energy from a number of sources including deepwater drilling, natural gas exploration and Canada’s oil sands could make North America the next Middle East, according to a new report from Citigroup… The bank estimates that total North American energy production will rise from 15.4 million barrels per day in 2011 to almost 26.6 million barrels per day by 2020, boosting gross domestic product (GDP)   and creating ripple effects throughout the economy…Citigroup analysts say the U.S. will see large gains in oil production from deepwater drilling, while Mexico will begin to reverse recent declines in output. Production of shale gas liquids will increase by 3.8 million barrels per day by 2020. The report says this new production would amount to about 7 percent of additional global production, “a higher growth rate than OPEC can sustain.”

Let me strip away all the Senate verbosity.  The Democrats wanted the Republicans to talk about tax credits.  The Republicans instead planned on talking about everything the Democrats have done to reduce gasoline prices (not a long list).  So the Democrats decided they really wanted to move on to the incredibly pressing issue of postal reform.  Got it? The Hill (3/27/12) reports: Senate Majority Leader Harry Reid (D-Nev.) used a procedural tactic Tuesday to block consideration of a series of amendments to legislation that eliminates tax breaks for the largest oil companies…The bill, authored by Sen. Robert Menendez (D-N.J.), is being debated this week on the Senate floor. A final vote is expected Thursday, according to Senate aides…The Democrat-backed legislation is unlikely to pass, but Republicans backed a procedural motion Monday that enabled floor debate on the measure. The GOP also voted Tuesday to prevent the Senate from moving forward with postal reform legislation in an effort to continue pummeling Democrats over the bill on the floor.

Matt Daly (St. Anselm’s Abbey) is a silly good reporter.  But I think he might be wrong about gasoline prices in the Mid-Continent coming down as a result of Seaway.  The reality is that refiners in the Mid-Continent will simply have their margins come back to earth.  Because right now they are making a killing (is that simple enough, Mr. Waxman?) Journal Star (3/27/12) reports: Pipeline builder Enbridge Inc. is investing nearly $4 billion in a new round of construction to improve the flow of Canadian oil sands crude to the U.S. Gulf Coast and try to beat TransCanada there…The effects may be to raise the demand and prices of Canadian crude and raise the price of gasoline in the Midwest, now under pressure from the glut of North American oil unable to get to Gulf refineries…Enbridge, Canada’s largest transporter of crude, said Tuesday it will expand its Flanagan South Pipeline from Flanagan, Ill., to Cushing, Okla., to a 36-inch diameter line with a capacity of 585,000 barrels per day.

Do you think Willard’s folks here in DC, who lobby for crews like Chevron,  API, Encana, and Halliburton should say something to someone about this?  I mean, other than the usual complaints about how rude it is for people to point out that Willard may not be as pro-energy as he (now) says he is? New Yorker (3/25/12) reports: Last week, Mitt Romney, who, it now seems, is going to become the Republican nominee whether anybody likes it or not, called on President Barack Obama to fire three of his Cabinet members: the Energy Secretary, Steven Chu; the Interior Secretary, Ken Salazar; and the head of the Environmental Protection Agency, Lisa Jackson. According to Romney, the three have spent the past few years carrying out a not-so-secret plan to raise the price of gasoline at the pump. Only by firing the “gas-tax trio,” Romney told Fox News, can the President demonstrate that he did not approve of this plan. “Time for them to go,” Romney said

First they came for the coal.  Then they came for the oil.  Then they came for the natural gas.  Then they came for me and there was no one left to speak out for me GigaOM (3/26/12) reports: Three environmental groups on Monday filed a law suit against the federal government over a proposed solar farm in California, contending that the government has failed in its duty to ensure the project would not pose a significant harm to wildlife…The 663.5 MW solar project, called Calico Solar, would take up 4,600 acres of public land in the Mojave Desert. Its original developer, Tessera Solar, sold it to K Road Power in late 2010 after receiving final approval from the U.S. Department of Interior. K Road said it wanted to change the technology to use mostly solar panels instead of only solar mirrors. The Bureau of Land Management said last October it would start preparing a supplemental environmental impact report to reflect the proposed change to the project.

President Rig Count apparently forgot to tell EPA to forget all about that green agenda stuff National Journal (3/26/12) reports: The Obama administration is expected to unveil long-awaited global-warming regulations as soon as Tuesday in a move that will make a big splash politically but won’t have real environmental or economic impact until long after the 2012 elections…The controversial rules—initially setting limits on greenhouse-gas emissions from new power plants—have been in the works since 2009, when the Environmental Protection Agency determined within a year of President Obama taking office that it had a legal obligation under the Clean Air Act to rein in carbon pollution that scientists say is one of the chief causes of climate change.

Every once in awhile, we like to remind you that all craziness is not limited to energy and environmental issues.  No sir, there are idiots everywhere prepared to spend your money on ridiculous “ideas”.  Just ask Ray LaHood Business Week (3/25/12) reports: On a dusty, rock-strewn expanse at the edge of the Mojave Desert, a company linked to Senate Majority Leader Harry Reid wants to build a bullet train that would rocket tourists from the middle of nowhere to the gambling palaces of Las Vegas…Privately held DesertXpress is on the verge of landing a $4.9 billion loan from the Obama administration to build the 150 mph train, which could be a lifeline for a region devastated by the housing crash or a crap shoot for taxpayers weary of Washington spending.

“It’s really about the supply…”  So says David Plouffe.  So say we all National Journal (3/25/12) reports: With gas prices rising and the choir of critics growing louder, Obama senior advisor David Plouffe defended the president’s energy policy and said the administration has not ruled out opening the country’s Strategic Petroleum Reserve…“What I’ll say is we’re not taking that off, that option, off the table,” he said on CNN’s State of the Union.“There are supply disruptions right now in places like Sudan. You still have oil not at its peak in places like Libya. Obviously the sanctions are working, the crippling sanctions the president has put in place are working in the Middle East and strangling the Iranian economy, but there is no doubt that what we have to do in this country, we have to use less oil.”

What makes this really odd is that the President himself told us last week that the Solyndra fiasco was owned by the Republicans.  Well, why then was the entire apparatus of the White House prepared to defend their actions on Solyndra?  Either the reporter is wrong (not very likely), or the President told an intentional, premeditated lie last week.  Which would make him a . . . The Hill (3/25/12) reports: Several key White House offices were involved with the Obama administration’s messaging plans and other preparations as the collapse of the taxpayer-backed solar company Solyndra was imminent, newly released documents show…The latest White House documents delivered to House Republicans on Friday again highlight the extent to which senior administration officials braced for the fallout as Solyndra – a company President Obama had personally visited – was about to go under.

You have to know a couple of things about this.  First, Jay Cranford was really, really good.  Second, as impossible as it seems, Mike Catanzaro is even better The Hill (3/25/12) reports: If you want to see Speaker John Boehner (R-Ohio) get riled up these days, ask him about President Obama’s energy policy…The Speaker has been hammering the president over energy for months, first over his delay of the Keystone pipeline and more recently as gas prices have risen.. When Obama toured the country last week touting an “all-of-the-above” energy strategy, Boehner openly mocked him. At a press conference meant to bracket Obama’s appearance in Cushing, Okla., the Speaker on Thursday rolled out a new slogan, the “Obama energy gap.”

Debunking the AP’s lame article on the correlation between drilling on 3% of federal lands and gas prices Just One Minute (3/25/12) reports: An AP “Fact Check” on the correlation of US energy production with gasoline prices takes us to the border of supply and demand before veering off into a comedy club: FACT CHECK: More US drilling didn’t drop gas price WASHINGTON (AP) — It’s the political cure-all for high gas prices: Drill here, drill now. But more U.S. drilling has not changed how deeply the gas pump drills into your wallet, math and history show…A statistical analysis of 36 years of monthly, inflation-adjusted gasoline prices and U.S. domestic oil production by The Associated Press shows no statistical correlation between how much oil comes out of U.S. wells and the price at the pump.

You had to guess this sort of nonsense was going to start sooner or later.  Should someone tell the Administration that very little crude oil is actually exported?  Do you think they understand the difference between oil and gasoline?  Maybe John Podesta could ask his wife Heather.  She lobbies for Marathon Oil.  And does anyone yet have a definition of “speculation”?  Again, maybe Heather knows; she used to lobby for Prudential Politico (3/25/12) reports: Democrats have a “huge opportunity” to reclaim control of the debate over gas prices by training attention on the excesses of oil companies, two prominent party strategists argue in a memo obtained by POLITICO…The document circulating among Democrats was authored by Center for American Progress Chairman John Podesta and pollster Geoff Garin, and cites private polling that confirms “Americans are tired of the stranglehold oil companies have over our national energy policy.”

I know it has been awhile, but this is the mine that had a permit that EPA then tried to revoke.  Fortunately, the court concluded that EPA is limited by, you know, the law and stuff The Republic (3/25/12) reports: A federal judge says the U.S. Environmental Protection Agency exceeded its authority in revoking permits for what could now become West Virginia’s largest mountaintop removal mine…In a ruling Friday, U.S. District Judge Amy Berman Jackson in Washington, D.C., ruled in favor of St. Louis-based Arch…She declares a U.S. Army Corps of Engineers water pollution permit for the Spruce No. 1 mine in Logan County is “valid and in full force.”…She declares a U.S. Army Corps of Engineers water pollution permit for the Spruce No. 1 mine in Logan County is “valid and in full force.”

The gas plan is easy — lease more land, issue more permits, reduce regulations CNN Money (3/22/12) reports: The oil industry recently laid out a set of proposals it believes will instantly lower gasoline prices…The proposals call for more domestic oil production, fewer environmental regulations, and for not raising taxes on the industry. They’re basically what the Republican presidential candidates are calling for.

Amen Chicago Tribune (3/22/12) reports: When the summer driving season starts soon, and tension heats up over Iran, gas may reach $5 a gallon. Nothing bothers voters more than paying an extra $20 or $30 every time they fill up. In times like these, they soon might prefer even an oilman in the White House to an ideologue whose opposition to new oil development seems more religious than empirically based…All presidents, of course, usually get the blame or praise when the price of gas skyrockets or plummets, just like they own a bad or good economy, or a successful or failed war.

If we lose Alaska, it’s gone forever. Let me explain, TAPS can operate so long as it’s economically viable, but its capacity is way down. That means if we don’t allow American companies to drill in Alaska, there’s no oil flowing and that means Congress has the authority to tear down the pipe. We all saw what happened with Keystone XL Businessweek (3/22/12) reports: It could take billions of dollars in additional annual investment from oil companies just to stem the decline of oil production in Alaska. Oil company executives on Wednesday said this kind of investment will never happen without changes to its tax structure…Officials from the North Slope’s three main players — BP, ConocoPhillips and Exxon Mobil Corp. — testified before the Senate Finance Committee, which is working on an oil tax plan. They said the current version of the plan, SB192, doesn’t go far enough to change the investment climate and said changes of the magnitude that Gov. Sean Parnell has proposed would create the potential for billions of dollars in new investments…BP and ConocoPhillips have talked about $5 billion in new investments if a bill on the order of Parnell’s is implemented. For projects at Prudhoe Bay, Exxon also would need to buy in. Dale Pittman, Alaska production manager for Exxon Mobil Production Co, told the committee Wednesday that the company “fully supports” BP and ConocoPhillips’ plans.

The NYT trifecta begins with an article about the technological advances and blessings of hydraulic fracturing New York Times (3/22/12) reports: As Eric Lipton and I write in The Times, oil production is increasing rapidly in the United States even as gasoline consumption is falling…The revolution in production in Texas and across the country is due in part to the rising price of oil over much of the last decade, which propelled aggressive technological experimentation and development. (Government encouragement over the last several administrations helped as well.)Horizontal drilling and hydraulic fracturing have been around for years, but over the last five years, engineers have fine-tuned these and other techniques, even as many environmentalists worry about their impact on water and air.

The second article talks of energy independence through drilling New York Times (3/22/12) reports: The desolate stretch of West Texas desert known as the Permian Basin is still the lonely domain of scurrying roadrunners by day and howling coyotes by night. But the roar of scores of new oil rigs and the distinctive acrid fumes of drilling equipment are unmistakable signs that crude is gushing again.

The trifecta is complete with a heart wrenching story about three men finding a new start in North Dakota oilfields New York Times (3/22/12) reports: Last spring, Bob Ripka decided the time had come for drastic change. His once-robust income from his job at a printing company was dwindling. His family lost its house in the real estate crash. And employment prospects around his home in Pine City, Minn., more than an hour north of Minneapolis, appeared scant…He heard talk around town about plentiful work in North Dakota, where new drilling technologies are driving an oil boom. “And I decided, ‘Well, I’m going to go make some money,’ ” he recalled in an interview. So on Memorial Day weekend, Mr. Ripka, 48, removed the rear seats from his 2003 Dodge minivan and replaced them with a mattress. He threw some clothes in a bag, said goodbye to his family and drove 10 hours west to Williston — ground zero in the North Dakota petroleum explosion.

The best part of this is that Congressman Markey is always in favor of people sending their heating oil to Massachusetts (think LIHEAP).  Maybe someone should introduce a bill outlawing the transport of energy across State lines Juneau Empire (3/21/12) reports: U.S. Rep. Edward Markey, D-Mass., told oil giants BP, ConocoPhillips and Exxon Mobil his natural gas export bills now in Congress would block a proposed $40 billion pipeline to export Alaska natural gas to Asia…The bills, originally introduced in February, drew a sharp response from Alaska’s Sen. Mark Begich…The $40 billion plan was covered by Financial Times reporter Ed Crooks on Wednesday (on.ft.com/GF4pMJ). Markey released an announcement the same day in which he “decried the plans” to allow export of “American natural gas to China.”

$100K Fisker’s dying on owners; $12.50 a gallon for Volt to pan out. And Obama laughs at Americans who want to drill for oil Reuters (3/21/12) reports: Scott Kluth has a love-hate relationship with his new Fisker Karma luxury electric sedan…The 34-year-old car lover bought the plug-in hybrid electric Karma in December for $107,850, but five days later the car’s battery died as he was driving in downtown Chicago. While the car he affectionately calls a “head turner” was fixed in a recall, Kluth remains uncertain how much he will drive it…”I just want a car that works,” Kluth said. “It’s a fun car to drive. It’s just that I’ve lost confidence in it.”

This guy makes a lot of sense Forbes (3/21/12) reports: If you are opposed to the continued use of fossil fuels in the world, then you are not in the position to embrace the modern-day renaissance of oil and natural gas in America…Since President Obama’s election three and a half years ago, he and his administration have done everything in their power to stop fossil fuel usage, including a carbon tax, increased federal regulations, delays in federal permitting, infrastructure permitting denials for the Keystone XL Pipeline, capital starvation for drilling by the elimination of intangible drilling costs, and depletion allowance.  All of these actions are designed to result in higher costs at the pump for the consumer.  At the same time, there are billions of dollars in subsidies being given to solar, wind and all other alternative sources of energy.

The President isn’t quite lying, but he’s not telling the truth either.   Which should make you proud as an American.  What he is doing is trying to do is avoid the simple fact that we have 200 years’ worth of oil in the ground in the United States.  Right now.  And the only thing keeping us from getting it is the federal government which he, I think, leads Politico (3/21/12) reports: President Barack Obama visited an oil and gas field in New Mexico Wednesday night to distance himself from rising gasoline prices by framing the issue as one controlled by fickle international markets…”Every time there’s instability in the Middle East, we will feel it at the pump, even if we are drilling nonstop here in New Mexico and all across the country,” Obama said…Obama cited an Associated Press analysis that concluded there is no statistical correlation between domestic drilling and prices at the pump.

I am willing to bet a lot of money that Ed Markey is going to tweet something about this Forbes (3/21/12) reports: A federal judge in Mississippi has ended a long-running suit that attempted to hold a selection of U.S. utilities and coal and oil companies responsible for flooding damage caused by Hurricane Katrina…U.S. District Judge Louis Guirola Jr., in a decision released yesterday, dismissed Comer vs. Murphy Oil with prejudice, meaning it can’t be refiled or reconstituted. The decision should serve to preclude, other similar lawsuits accusing companies of emitting global-warming gases that cause damaging weather patterns.