Energy

  • U.S. light dimmed with Obama energy policy

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    Energy policy analyst Marita Noon, a CFACT advisor, points out that India has no intention of kowtowing to political correctness in developing its energy sector. Instead, “India rejects arguments by Green activists that it must move away from coal energy, saying the alternative would be to keep its citizens in poverty.” Meanwhile, President Obama is intent on creating energy poverty in the U.S. through a regulatory assault on coal, oil and gas, and other conventional energy producers — on top of his intention to veto legislation authorizing the Keystone pipeline. Should he get his way, Americans will be anticipating blackouts and brownouts and higher energy prices across the board to go along with the energy shortages his policies are sure to create.

  • EPA uses junk science to wage war on coal

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    The Obama Administration, through the corrupted Environmental Protection Agency, promised to kill the U.S. coal industry and they are already far along toward their goal. Along with it, they are wreaking havoc on the U.S. economy and threatening power outages of mammoth proportions. To justify this, they cite so-called scientific studies that are kept secret so that their findings cannot be easily challenged. But there’s more — other job-killing regulations also not backed by sound, peer reviewable science — that will take the U.S. further away from long-term prosperity. Can this onslaught be stopped or even slowed down?

  • Wind energy’s bluster peters out

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    The uncertainty of the future of the wind energy production tax credit is but one reason that wind turbine projects are falling apart. Cape Wind, the huge Massachusetts project opposed by the Kennedy clan, now looks dead after two power companies filed to withdraw their contracts because the investors missed deadlines. Minnesota’s Minwind project is now bankrupt because the investors cannot even afford the maintenance costs.

  • Vetoing bipartisan energy, job, and economic growth

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    CFACT Senior Policy Advisor Paul Driessen says that the Obama Administration is continuing, even revving up, its campaign against domestic energy production with new EPA regulations on the horizon that would shutter much of the nation’s coal industry and do great harm to oil and gas production; he also promised to veto any legislation to approve the Keystone XL pipeline. Moreover, the Obama progressive mentality is so pervaseive that international lending and donor agencies (the UN, OPIC, etc.) are holding poor, developing countries hostage to wind, solar, and biofuel projects that cannot lift them out of poverty — and thus these elites are damning the world’s poorest people to eternal poverty when true prosperity through fossil fuels is staring them in the face.

  • The oil price is not the price of oil

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    Accordinng to petroleum engineer Sel Graham, the real oil price is NOT the price of oil as prophesied by Wall Street speculators. The U.S. oil price has been consistently lower than the price for foreign oil. Thus, Graham says, the best policy for the U.S. is to continue to increase domestic production until we are no longer dependent on more expensive foreign oil.

  • Germany’s “energy transformation:” unsustainable subsidies and an unstable system

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    German Chancellor Angela Merkel just decided to lay out additional funds to push that nation to 40% cuts in carbon dioxide emissions by 2020, an action in line with its Energiewende goals to move beyond fossil fuels. Except it cannot. Germany has done too much too quickly —

  • A global carbon tax?

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    President Obama may be planning to sock his fellow citizens with a global tax on carbon dioxide imposed via a United Nations agreement known as a “soft law,” one that technically does not require or even solicit Senate approval. The pathway toward this Lilliputian tax — in which small, poor nations seek to siphon off much of the wealth of the American people — began when President George H. W. Bush signed off on Agenda 21 at the Rio Earth Summit in 1992. The assault on our liberties continues.

  • How Obama and his environmental base are planning to eradicate the oil and gas industry

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    The Senate Environment and Public Works Committee minority (soon to be majority) staff has just released a report, “Setting the Record Straight: Hydraulic Fracturing and America’s Energy Revolution,” which shows how President Obama is coordinating with far-left environmental activists such as the aggressive NRDC and the Sierra Club, along with their millionaire board members, their Hollywood celebrity boosters and their “philanthropic” funders, such as the rabidly anti-fracking Park Foundation, to wage an all-out assault to shut down domestic production of American oil and natural gas. There is hope that this agenda can be derailed in part by the incoming GOP Senate majority and a unified House of Representatives, but the President and his minions will continue their regulatory assault as long as they have the power to thwart the will of Congress and the people.

  • The EPA’s man-made cooling crisis

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    The United States is likely to see brownouts and blackouts thanks to the shuttering of coal-fired power plants (and who knows, maybe even gas-fired plants) that are part of an Obama Administration effort to depower the nation to satisfy environmental extremists and to satisfy his own desire to diminish the role of the United States in world affairs. The EPA is his tool of choice (along with other federal agencies whose policies rarely are blocked by either elected officials or the courts). And as the supply of electricity dwindles, the price of power will rise dramatically, with the greatest negative impacts on the poor, the elderly, and the disabled.

  • Welcome to the O-zone—where economic development is a zero-sum game

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    Included in the Obama Administration’s “Unified Agenda” for 2015 are new, job-killing standards for ground-level ozone that are the product of a friendly lawsuit from the Sierra Club. These rules the President put on hold in 2011 in an effort to reduce “regulatory burdens and regulatory uncertainty, particularly as our economy continues to recover” — or maybe for fear they would harm his reelection chances in 2012. The new regulations will mean that, depending on the final rule, 76% to 96% of the country—including some national parks where the natural background levels for ozone are 65 to 67 parts per billion—will be out of compliance. This will deal a crushing blow to U.S. economic recovery — and the Sierra Club and the President know and heartily approve of this tragic outcome.

  • Shady circumstances cloud huge solar energy plant bailout

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    The giant Ivanpah solar array in California was financed with a $1.6 billion construction loan from the U.S. Treasury, but the plant has been so unproductive that its owners have successfully begged for loan repayment delays and now want a $539 million federal grant so they can make their first — already late — three payments on the initial loan. But prospects for long-term viability of Ivanpah remain poor, given that the plant’s poor performance and the fact that it is killing birds at an alarming rate. As Reason’s Julian Morris, says, “They’re already paying less than the market rate. Now demanding or asking for a subsidy in the form of a grant directly paying off the loan is an egregious abuse.”

  • Time for tough love on tax credits for the mature wind industry

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    A year after the Congress allowed the wind power production tax credit to expire, the American Wind Energy Association is making a last-ditch effort to renew the PTC, which apparently is necessary for its survival. Moreover, the conditions that fostered the creation of this tax credit — fears of dependence on foreign oil — have long since passed, thanks to the fracking revolution. As CFACT analyst Marita Noon says, it is time for the wind industry to grow up.

  • Dear Northeast, How’s that solar working out for ya?

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    New Englanders are gambling with the weather, and they may soon be paying a heavy price — both in dollars for heating their homes in very cold winter weather in 2014-15, and in loss of power due to brownouts or blackouts should even one remaining power plant experience any problems (or in the case of exceedingly high demand on a given day). The chief reason: Green enmity that shut down coal and nuclear power plants and has slowed construction of new natural gas fired power plants, together with the severe unreliability of wind and solar, especially in extreme weather conditions.

  • Six energy policy changes to watch for in a Republican-controlled Congress

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    CFACT advisor Marita Noon suggests six major areas of confrontation and change now the the Republican Party controls both the House and Senate: the long-awaited (and perhaps too late) approval for the Keystone XL pipeline; a major expansion of oil and gas and minerals development on federal lands; lifting the current ban on U.S. oil and gas exports; reining in the EPA’s power, especially as it applies to the proposed Clean Power Plan and the expanded Waters of the United States regulations; major reforms to the Endangered Species Act that would turn landowners from enemies to protectors of threatened and endangered species; and an end to climate alarmism as official U.S. Congress policy. Nearly all of these changes are expected to be vigorously fought by President Obama and the White House.

  • The oil price election connection

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    According to CFACT advisor Marita Noon, while the U.S. oil shale boom (the result of fracking) has dramatically increased domestic oil and gas production, the Middle East is still playing a significant role both in the current drop in oil prices and down the road. ISIS is selling oil at below-market prices to willing rogue customers, and Saudi Arabia has increased its own production, even as the price of oil falls below the amount needed to sustain the Saudi economy. The Saudis are hoping to push both American and Canadian oil prices down below the cost of extraction from both shale and tar sands in hopes of slowing down or even stopping expansion of North American exploration and production.

  • EU climate compromise: I will if you will

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    Marita Noon says that the European Union may appear to have reached a consensus agreement on carbon dioxide reductions, renewables use, and energy efficiency — but the agreement includes a proviso that it only takes effect if all of the major carbon dioxide emitter countries become signatories to the non-treaty agreement that President Obama thinks he can make effective even without Senate confirmation.