CFACT energy policy advisor Marita Noon reports that, having failed to destroy U.S. oil and gas producers via increasing its own oil production, has now signed an OPEC agreement to cut back production -- largely because the artifically low price of oil was hurting producers worldwide.
While the anti-fracking (well, the anti-fossil-fuel) crowd snarkily sought to blame hydraulic fracturing for the recent Oklahoma earthquake, the truth is that wastewater injection wells are the much more likely culprit -- not fracking.
CFACT advisor Marita Noon shares the good news about the Dakota Access Pipeline project which has won federal approval -- but the fight is not over, thanks to a small band of activists.
CFACT Senior Policy Advisor Paul Driessen, noting that both major party candidates for President support local control over fracking, suggests that local control should also extend to wind farms, solar arrays, forest management, and other issues that today are rigged in favor of those who shut down or redirect development by fiat.
The non-profit DNC Host Committee responsible for raising money to pay for the convention in Philadelphia lists oil companies and lobbyists as supporters on its website.
Climate alarmists cannot separate human influences from natural causes for any recent changes. They do not know how much Earth will warm by 2100. They cannot say at what point further warming will be “dangerous” – or for which plant, wildlife, or human populations. They admit that slashing America’s fossil fuel use will reduce global warming by only a few hundredths of one degree (assuming CO2 drives climate change), especially if most countries continue burning coal, oil and natural gas.
American oil production is threatened by enemies within and without.
According to consulting firm Wood Mackenzie, new Obama Interior Department regulations will bring about a 70% decline in energy exploration over the next 20 years and a loss of up to 190,000 jobs. The egghead rules will also likely jeopardize safety at drilling sites, both because rock formations cannot handle the volume of fluids required by the rule and because shifting the primary monitoring responsibility from on-site engineers to onshore electronic observers will delay the discovery of problems and lengthen response times.
All of us loved paying less than $2 a gallon at the pump. The AAA reports: “Americans paid cheapest quarterly gas prices in 12 years”—which resulted in savings of nearly $10 billion compared to the same period last year. However, oil (and, therefore gasoline) has been creeping upward since the February low—topping $45 a barrel, a high for the year. And that could be a good thing. While low prices at the pump have been a boon to consumers, the plunge in oil prices has been a bust for American producers. Throughout the past 20 months, crude oil prices have dropped [...]
Now the President Obama has made good on his promise to bankrupt the U.S. coal industry, he (and his potential successors Hillary Clinton and Bernie Sanders) are poised to do likewise to the nation's oil and gas and nuclear power industries. Given that neither solar nor wind power is 24-7 reliable, this will surely lead both to massive financial ruin and intermittent energy availability in many parts of a very crippled U.S. economy. Worst of all -- this appears to be their vision, their goal -- to bankrupt America and put an end to personal freedom in the process.
Researchers have found that some buyers are willing to pay for environmentally friendly products because those products are “status symbols.” A report in The Atlantic states: “Environmentally friendly behaviors typically go unseen; there's no public glory in shortened showers or diligent recycling. But when people can use their behavior to broadcast their own goodness, their incentives shift. The people who buy Priuses and solar panels still probably care about the environment—it’s just that researchers have found that a portion of their motivation might come from a place of self-promotion, much like community service does good and fits on a résumé.” With [...]
There is no shortage of news stories touting the splits within each party. The Democrat divide is, as NBC News sees it, between dreamers and doers—with the International Business Times (IBT) calling it: “a civil war over the party’s ideological future.” The Boston Globe declares that the “party fissures” represent “a national party torn between Clinton’s promised steady hand and Sanders’ more progressive goals.” The Republican reality is, according to IBT, a battle between moderates and conservatives. The party is being “shattered” by the fighting between the establishment and the outsiders. The New Yorker said the days following the Detroit debate have “been the week of open civil war within the Republican Party.” Former standard-bearer Mitt [...]
The latest anti-fossil missile rolled out for launch in President Obama’s fiscal 2017 budget would add a $10 federal “fee” to the price of every barrel of domestic oil at a time when competing and hostile nations are hell-bent to drive struggling American producers out of business. Included are the Saudis, OPEC, Russia, and Iran, along with North Korea as an arms trade beneficiary. The new tax would add about 24 cents per gallon to the price of gasoline which will be bad for consumers, for businesses, and for local, state, and national economies. The revenue would be used to further [...]
Four years ago, President Obama scoffed at the idea of gasoline prices below $2 a gallon. Today, he both takes credit for it and wants a 20-cents-a-gallon tax to increase the price again -- all for the purpose of subsidizing inefficient, intermittent energy sources that have almost nothing to do with vehicular transportation.
Bill Nye the “Science Guy” once again took to Twitter to spout doom and gloom about global warming, this time lamenting how gasoline is too cheap.