Fractured fairy tales

Horizontal drilling and hydraulic fracturing have boosted shale gas production from zero a few years ago to 10% of all US energy supplies in 2012, observes energy analyst Daniel Yergin. Fracking has also increased US oil production 25% since 2008 – almost all on state and private lands, and in the face of more federal land and resource withdrawals, permitting delays and declining public land production.

By |2012-11-02T15:46:39-04:00November 2nd, 2012|CFACT Insights|1 Comment

Obama vs. Romney on oil and natural gas

President Obama boasts that, "We have increased oil production to the highest levels in 16 years. Natural gas production is the highest it’s been in decades." What's this "we" stuff? Romney counters, "the president’s right in terms of the additional oil production, but none of it came on federal land. As a matter of fact, oil production is down 14 percent this year on federal land, and gas production was down 9 percent.

By |2012-10-25T12:15:29-04:00October 24th, 2012|CFACT Insights|2 Comments

Winners and losers energy policies

Governor Mitt Romney strongly supports North American energy independence as the foundation of renewed US employment and prosperity. President Obama is waging war on fossil fuels, job creation, and efforts to end our economic recession and reduce dependence on Middle Eastern and Russian oil.

By |2012-10-25T12:15:30-04:00October 18th, 2012|CFACT Insights|1 Comment

Prospects for better economy at our feet

CFACT senior policy advisor Paul Driessen was cited in a Pittsburgh Tribune-Review article by Jack Markowitz: "Paul Driessen thinks the new abundance is simply panicking the greenies. Especially those with an economic, as well as emotional, stake in limits to growth."

By |2012-10-25T12:38:14-04:00April 2nd, 2012|Citations|Comments Off on Prospects for better economy at our feet

What the frack is going on here?

Hydraulic fracturing sends “huge volumes of toxic fluids” deep underground at high pressure, to fracture shale rock and release natural gas, Food & Water Watch claims. “Billions of gallons of toxic fluids” will “contaminate” groundwater and drinking water “for generations.” We need to “Ban Fracking Now.”Environmentalists used to support “clean natural gas.” Whence the intolerant new attitude?    Oil companies have been using hydraulic fracturing for 60 years to get the most petroleum possible from grudging rock formations deep beneath the Earth. A few years ago, Mitchell Energy and others combined HF with horizontal drilling to tap into hydrocarbon-rich shale deposits that [...]

By |2012-10-25T12:15:32-04:00October 20th, 2011|CFACT Insights|2 Comments

American resources – for American jobs, revenue and prosperity

A frequent refrain during budget and debt ceiling debates is that we need revenue enhancement: higher tax rates, reduced deductions, eliminated credits. But doing this, especially amid today’s massively expanding regulations, will kill more jobs and further reduce government revenues.There is a better way. Huge revenue sources are literally under our noses, or more precisely our feet.America is blessed with vast oil, gas, coal, uranium, rare earth and other natural resource riches – to compliment our ultimate resource: the creative, competitive, innovative spirit of our people.Finding and developing these resources would generate millions of jobs and billions, even trillions, in new [...]

By |2012-10-25T12:15:32-04:00August 15th, 2011|CFACT Insights|Comments Off on American resources – for American jobs, revenue and prosperity
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