Mexico Votes to End State Oil Monopoly
Mexico’s Congress approved a bill to end a 75-year state oil monopoly and generate as much as $20 billion in additional foreign investment a year.
The nation’s most significant economic reform since the North American Free Trade ...
New Industry Report Details the Economic Benefits of Offshore Oil and Natural Gas
Here are the key findings from the latest report on offshore oil and natural gas drilling/exploration from the American Petroleum Industry and the National Ocean Industries Association:
Full .pdf copy of the report here.
‘Green’ Energy Kills Eagles
We have to kill eagles in order to save them.
That’s now the official policy of the U.S. Interior Department. On Friday, the agency announced that it would grant some wind-energy companies permits that will allow them to ...
'The Poor Need Cheap Fossil Fuels'
Bjørn Lomborg writes the inconvenient truth in today’s New York Times. The greater threat to the world is poverty, not climate change:
PRAGUE — There’s a lot of hand-wringing about our warming planet, but billions of people face ...
Canada, the Next Energy 'Superpower'?
Let’s hope so. Bloomberg:
Canada’s bid to become what Prime Minister Stephen Harper calls an energy “superpower” is at risk as approval delays for new pipelines threaten an industry already hurt by high costs and rival production.
Williamsport, Pa. — A constant, mild hiss.
That was my chief observation when I returned to Anadarko Petroleum’s Landon Pad A, a natural-gas site in Lycoming County, Pa. October’s quietude was totally unlike the cyclone of equipment, personnel, and ...
Wind Turbines Are Climate-Change Scarecrows
For years, the wind-energy sector and renewable-energy advocates have repeatedly claimed that wind turbines are essential to the fight against carbon dioxide emissions and catastrophic climate change. Here’s the reality: Wind turbines are nothing more than climate-change scarecrows.
Bloomberg Editors: Less Corn for Oil
The editors write:
Big Oil has squared off against Big Agriculture in the dispute over the federal mandate to mix corn-based ethanol into the nation’s fuel supply. Both sides are powerful and self-interested, but Big Oil has the edge ...
'Ethanol Is Not a Reliable Path to Ensuring Iowa’s Future Economic Success'
The editors of the Daily Iowan, newspaper for the University of Iowa, write:
The Associated Press made a splash with its investigation into corn-based ethanol in the United States last week, and now it has the whole industry up in ...
George W. Bush on Keystone XL: ‘Build the Damn Thing’
President Bush called for building the Keystone XL pipeline last Thursday during a luncheon with energy executives in Pittsburgh.
“I think the goal of the country ought to be, ‘How do we grow the private sector?’ That ought to be ...
POTUS Takes a Victory Lap to Celebrate Domestic Oil Production
“Drill, baby, drill” can’t be far behind. Via the White House Twitter feed.
RT the good news: For the 1st time in nearly two decades, we’re importing less oil than we’re producing. pic.twitter.com/M30ewhgKqi
Endorsing the 'All-of-the-Above' Energy Strategy
Senators Ed Whitfield and Joe Manchin have an op-ed in The Hill today on their bipartisan energy plan:
The United States has a good story to tell. Over the last decade we have seen a boom in American energy production ...
U.S. Projected to Lead the World in Oil Production by 2015
The U.S. will surpass Russia and Saudi Arabia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades, amid booming output from shale formations, the IEA said.
Crude prices ...
'Green Energy Is the Real Subsidy Hog'
In an op-ed over at the Wall Street Journal, Bjorn Lomborg, the director of the Copenhagen Consensus Center, debunks three myths about fossil-fuel subsidies.
'Gambling with Civilization'
Paul Krugman has a review of William D. Nordhaus’s new book, The Climate Casino: Risk, Uncertainty, and Economics for a Warming World, in the New York Review of Books. In it, Krugman argues for banning coal. Robert Murphy of ...
Hackin’ and frackin’, &c.
Sometime last week, my friend Kevin Williamson and I were talking about oil — black gold, Texas tea. (You know that song, right?) There is a new book called The Frackers. And a phrase popped into my head: hackin’ and frackin’. ...
The imperial EPA has once again raised its scepter, this time proposing the first hard caps on carbon dioxide emissions from coal-fired power plants. The proposed coal rule merits a deeper assessment than it has yet received. The impacts of ...
It’s trendy on the left to decry big corporations, especially when they engage in political activity. That’s all well and good, but using the same principles, environmentalists should be getting reamed, too. They profiteer not only from their ...
The Climate-Change Circus
For the first time, an assessment report of the Intergovernmental Panel on Climate Change (IPCC) will be widely judged more for what it says about the IPCC than for what it says about the climate. Its 2007 predecessor bombed during the 2009 ...
Wikileaks: Anti-Fracking Movement in NYS Started with ProPublica
Capital New York reports:
The anti-fracking movement in New York state started with a series of ProPublica articles published in the Albany Times Union in 2008, according to a report revealed by Wikileaks.
That revelation came as part of a trove ...
Analyst: Oil is in an 'Iran Bubble'
Oppenheimer oil analyst Fadel Gheit believes oil prices are in a bubble.
Gheit says 20-30% of the current oil price reflects a “supply risk premium” that will disappear when Iran’s nuclear issue is finally resolved.
“We believe ...
Billionaire Obama Donor vs. Keystone XL
Megabucks donor to the Democratic party and President Obama, Ted Steyer — profiled last month in the New Yorker — is keeping up his pressure on Team Obama and Keystone XL. From today’s Los Angeles Times:
Tom Steyer, the billionaire hedge ...
How Green Energy is Bringing Instability to Power Grids
Our power grids rely on the green-energy version of the WOPR. Via the Los Angeles Times:
In a sprawling complex of laboratories and futuristic gadgets in Golden, Colo., a supercomputer named Peregrine does a quadrillion calculations per second to help ...
EPA Chief: We'll Be 'Flexible' with States on Carbon Emissions
Gina McCarthy, while speaking at the liberal Center for American Progress, said, the “EPA next June will propose new standards that will also provide significant flexibility to the states that will protect public health from carbon pollution from existing power ...
The Iran Deal and America's Oil Boom
In 2005, the Wall Street Journal published an op-ed titled, “Oil, Oil Everywhere.” The gist of the piece is that there’s no shortage of oil in the world, but that there’s an economic problem because all the incredibly cheap ...
Oil Prices Fall After News of Iran Nuclear Deal
Celebrities Want POTUS to Ban Fracking
With a YouTube video. “What the frack,” President Obama?
President Threatens Veto of House Energy Bills
Via The Hill:
The White House is threatening to veto House GOP bills that would thwart Interior Department hydraulic fracturing rules and force regulators to speed up oil-and-gas drilling permits.
In a pair of statements Tuesday morning, the White House ...
Can Natural Gas Lead to Energy Independence?
Chris Faulkner, president and chief executive officer of Breitling Oil and Gas, says yes in Friday’s Houston Chronicle:
The Environmental Protection Agency’s new carbon emissions standards have caused an uproar in the coal industry.
These rules limit the ...
GE and CSX to Test Locomotives Powered with LNG
Via the Florida Times-Union:
CSX Corp. and a division of General Electric announced Wednesday they will explore technology that would allow locomotives to run on liquefied natural gas, an agreement the companies say could revolutionize the railroad industry.
Jacksonville-based CSX ...
Forty years have passed since the OPEC oil embargo of 1973. In that time span, the United States has increased its population by about half, nearly tripled its economic output, and nearly doubled its per capita GDP. While doing so, the ...
Americans who don’t try competing for the votes of Iowans every four years have long known that federal support for making ethanol fuel from corn is a costly and inefficient way to help the environment. It may not even ...
'Diesel, Fuel Cells Get Spotlight as Plug-Ins Lose Favor'
In 2008, President Obama set the goal of putting 1 million “advanced technology vehicles” on the road by 2015. According to a piece on Bloomberg, electronic vehicles sales in the U.S. are on track to meet only half that amount by 2015, and ...
Capitalism, said economist Joseph Schumpeter seven decades ago, is a process of creative destruction. New inventions, new processes, new methods of organization lead to the creation of new profitable and efficient businesses and to the destruction of old ones unable ...
Liberal Denial on Climate Change and Energy
The late science-fiction writer Philip K. Dick once observed, “Reality is that which, when you stop believing in it, doesn’t go away.” It’s a statement that many liberals need to take to heart on energy and climate issues.
The Environmental Protection Agency’s recently announced decision to, in effect, ban the construction of traditional coal-fired power plants in the United States is a non-solution to a hypothetical problem, enacted upon a legal basis that is shaky and an ...
The EPA’s Carbon-Capture Delusion
On Friday, the EPA finally unveiled its long-awaited rules for new coal-fired power plants. The agency’s administrator, Gina McCarthy, has claimed that the new rules “will provide certainty for the future of new coal.”
That’s true. The rules ...