The attack on Saudi oil underscores how fortunate Americans are to have a strong energy infrastructure, and how irresponsible calls to dismantle it are.
It takes a special kind of stupid to think that dependence on foreign oil and higher gas prices would be good for the American economy.
Russia playing California for the energy fool.
California steps up dependence on foreign oil as America works toward energy independence.
Making ANWR oil available is a big step forward for America and all who wish renewed strength to the land of the free. The caribou and their wild friends will never know the difference, but we will.
ANWR will provide much needed jobs, revenue and energy for Alaskans and all Americans.
Hecklers protested the U.S. event on fossil fuels but nobody bothered the Africans when they promoted the role of oil and gas in national development.
By Ronald Stein California is home to the largest crude oil reserves in America, but the States’ choice to not drill for that oil requires in-state manufacturers to “export” billions of dollars annually to oil rich foreign countries to import their oil to meet the state’s energy demands.
The USA is now a net exporter of crude oil, with crude oil exports exceeding imports. This oil boom is beneficial to 49 states, but not to California.
If they can’t stop energy development, they block pipeline transport (and get unexpected help).
"As the threat of American energy continues to grow, so does the Kremlin’s incentive to influence energy operations in Europe and the United States."
According to a survey published last month in the United Kingdom, climate change risks will force a lower valuation of oil company stock prices within the next five years. But despite many predictions of demise over the last 50 years, global consumption of hydrocarbon energy continues to grow.
CFACT Senior Policy Advisor Paul Driessen warns that the impending lawsuits against oil and gas companies -- created by corrupt city governments as a last-gasp hope for escaping bankruptcy -- pose grave danger for the U.S. economy should these cities succeed. Yet, says Driessen, the very premises of these suits suggests they should be thrown out of court.
As CFACT Senior Policy Analyst Paul Driessen explains, federal revenues from offshore drilling fell from $18 billion in 2008 to just $2.5 billion in 2016 thanks largely to Obama era policies while state revenues from closer-in rigs went up. The Trump-Zinke proposal would open federal waters (outside the 3-mile limit) to drilling, with huge potential revenues and contributions to national security. The planning and evaluation process, Driessen argues, should not be impeded.
CFACT Senior Policy Analyst Paul Driessen pulls no punches, calling today's ethanol and biofuels mandates and subsidies a fascistic scheme that harms both the economy and the environment and does nothing to conserve domestic energy while doing a lot to stifle economic growth. He urges the swift repeal of ethanol and biofuels mandates.