Washington is trading an end to the 40-year-old oil export ban in exchange for an extension and perpetuation of renewable energy programs and President Obama’s Clean Power Plan
With the Paris climate conference complete, what comes next, what will it cost you, and what can you do about it?
If the “keep it in the ground” movement is successful, government services—including education, first responders, and hospitals and healthcare—must be cut, taxes on everything must go up, and electricity rates will “necessarily skyrocket.” Western civilization is based on successful mining and farming—which the antis want to block.
CFACT energy advisor Marita Noon outlines research being done in Texas on recycling produced water for reuse in hydraulic fracturing operations -- a move that, if as successful in field trials as in initial tests, will provde to be highly beneficial on multiple fronts -- including the Oklahoma earthquake front.
A glimmer of hope emerged in the night sky as 26 Democrats joined with the Republican majority in the U.S. House to approve a bill ending the decades-old oil export ban. But the dark lords of correctness and fears of reprisals remain strong, and few and far between are the bopartisan votes in this Congress.
Repealing the ban on oil exports is a win-win for the U.S. and its people; revising the solar investmenttax credit and the wind production tax credit are a lose-lose proposition that will cost the U.S. economy billions of dollars for an infinitesimal environmental gain. The American people should not be blackmailed by partisan politicians who want their wind and solar subsidies as the price of the positive benefits of lifting the crude oil export ban.
CFACT advisor Marita Noon notes that the Iranian nuclear deal -- which puts Israel at great risk -- is already matched by the fact that Israel relies heavily on Russia and Kurdistan for its crude oil -- and suggests that one major benefit of lifting the ban on U.S. oil exports would be to provide Israel (and western Europe) with alternative supplies of crude oil for their refineries.
Most of us feel that time goes by faster as we get older. It does. When you are 5 years old, one year represents 20% of your life. Yet, when you are 50, that same calendar year is only 2% of your life—making that single timeframe much smaller. Those of us involved in fighting the bad energy policies coming out of Washington have a similar feeling: The second term of the Obama Administration seems to be throwing much more at us and at such speed that we can barely keep up. Likewise, they are. We knew that President Obama was planning [...]
CFACT contributor Marita Noon points out that the recent drop in crude oil prices has not been felt at the gasoline pump, largely thanks to unplanned shutdowns at numerous aging refineries that -- thanks to counterproductive government regulations -- cannot be replaced or even significantly upgraded at any reasonable cost. Indeed, the last time anyone built a new oil refinery in the U.S. was 1977.
Californians just rolled 96 million plastic balls (at 36 cents a piece) into a reservoir that serves Los Angeles in an attempt to shade the water and curb evaporation. What are the plastic balls made from? Oil.
Another day, another way in which the Obama Administration undermines U.S. energy security and prosperity -- this time through granting ridiculous concessions to Iran while hunkering down to depress the U.S. and Canadian oil markets. Such an energy policy could have only been designed in places like Tehran -- or by those whose desire to placate the iranians is so intense that common sense and the U.S.national interest have been thrown overboard.
For the first time in over 80 years, Mexico held an auction for developing oil prospects -- with offerings for 14 shallow-water blocks. The downsides included the drop in the world oil price, the escape of the notorious cartel leader El Chapo (adding to distrust over Mexico's political stability), and the U.S. deal with Iran that opens up its oil to world markets. The upside -- these were among the least likely to be profitable blocks that the Mexican government has available to offer.
Opposition to the excesses of the Obama EPA and other related agencies is mounting -- unions are seeing jobs die; landowners do not like trumped up "endangered species" habitat designations rob them of economically productive land, and ordinary citizens are recoiling from the higher costs for unreliable renewable energy.
Iran stands to gain much from its efforts to manpulate the prie
“Businesses that sell to foreign markets put more people to work in high-quality jobs, offering more Americans the chance to earn a decent wage,” claimed the Obama Administration’s Secretary of Commerce Penny Pritzker in a March 18 Wall Street Journal (WSJ) opinion piece. She makes a strong case for U.S. exports: “jobs in export-intensive industries pay up to 18% more than jobs not related to exports.” Her premise is: “The U.S. economy ended 2014 on the uptick, and exports added to the momentum.” Noticeably absent is any mention of the potential for “high-quality jobs” and economic “uptick” that would come from [...]
Oil prices at the pump fell hard, then began creeping back up -- even though crude oil prices have not rebounded. One reason is an explosion at an ExxonMobil refinery in California that has bumped that state's price by 20 cents a gallon, but if the steelworkers union strike expands the impacts could grow . Meanwhile, the Saudis, who concocted the scheme that saw the dramatic drop in prices, are happy to see the rise in the price at the pump.