Environment America's Margie Alt has found a new "cause" to enrich her group's coffers: scaring the bejeesus out of Americans by claiming that fracking has a "damaging footprint." Alt's group, oddly enough, is at odds with kjey Obama Administation officials. And yet, this lemming-like movement is gaining ground!
As Western states continue to develop their oil and gas resources, environmentalists are increasingly concerned about how such activity will impact prairie chickens. Fortunately, local farmers, industry officials, and environmentalists have been working together and are now pitching a free-market solution . . .
President Obama recently stated “We’ve got to look at the energy sources of the future.” And while he was specifically pointing to wind and solar power, it appears he’s overlooking what his own Department of Energy recently reported will dominate the next 30 years of energy production – namely fossil fuels.
In 1973, America was rocked by a shocking truth. Our nation was not prepared to control its own energy, economic, employment, trade, and revenue destiny. In 2013 we could be poised to repeat mistakes and painful lessons of the past.
Energy is a big part of the entire Middle East discussion. Many people believe that if the U.S. were not dependent on OPEC oil, we’d have no involvement in the centuries-old tribal conflicts. Any vote for the President’s plan should be tied to decreasing dependence, increasing independence—or, more accurately, North American oil security. Two specific policy directives are needed. First, tie any authorization of military action in Syria to approval of the Keystone pipeline,.... Second, allow access to domestic oil and gas resources and expedite drilling permits on federal lands.
Obama doesn’t believe in the technology, creativity, and entrepreneurial spirit of Americans, Pendley told me. He believes in big government and its regulations. Pendley points out how he’s given the environmentalists a seat at the table where Reagan denied them the moral high ground. When the environmentalists—who for the previous two decades had been cloaked with an aura of inevitability, invincibility, and infallibility—said they “spoke for the planet and the needs of all living things not human,” Reagan responded: he “spoke for the dream of the American people and for the unborn generations to be free and prosperous.”
Oil depletion allowances, the first category, principally apply to small independent producers, with similar benefits available for all mineral extraction, timber industries, etc., allowing them to pass the depletion on to individual investors. Large integrated corporations haven’t been eligible for these since the mid-1970s. Expensing indirect drilling costs involves writing off expenses in the year incurred rather than capitalizing them and writing them off over several years. Closing this “loophole” would only change the timing of taking he expense, not the total amounts of the so-called “subsidy.” The third category, a tax credit for taxes paid to foreign nations, is available for all international companies. This provides an offset to foreign taxes, often paid as royalties, so that the companies aren’t taxed twice on the same income.
If he truly cares about American jobs, it is time for President Obama to expedite approval of Keystone. Any further delay would send a clear signal to the nation, and to Canada, that he will never approve the project and has no real interest in creating jobs and getting our economy back on track. The charade would be over. The President who promised to bankrupt coal companies would go on record as trying to bankrupt oil companies and keep Americans in unemployment lines.
Drilling opponents claim to be protecting the environment. In reality, they simply detest hydrocarbons, modern living standards, free enterprise and personal liberty. Commonsense policies will rejuvenate our economy, put Americans back to work....
Why do gasoline prices remain high even when oil prices drop? Well according to economists, one of the big reasons is Washington’s ethanol policy . . .
The Keystone XL pipeline has been criticized by environmentalists for carrying oil, but Steve Goreham, author of The Mad Mad Mad World of Climatism, says they are missing the point...
For years, many have warned of the energy havoc that could be wrought by global warming hysteria. Great Britain barely avoided such chaos this past winter when one million homes narrowly escaped a blackout during Britain’s 5th harsh winter in a row.
Environmentalists mistakenly think that blocking the Keystone pipeline will prevent crude oil, derived from Canada’s oil sands, from being extracted and from being conveyed into the U.S. to be refined into gasoline, asphalt, and other products that are important to the transportation and manufacturing sectors. Their ultimate goal is to stop all development of the Canadian resource. The Canadian oil spilled as a result of a recent train derailment in Minnesota highlights their misguided efforts.
Do fossil fuels like coal and oil harm your health? Well many environmentalists would have you believe so, but Marlo Lewis, Senior Fellow at the Competitive Enterprise Institute, offers a different perspective...
New advances in extracting oil and natural gas from shale formations hold great promise for America’s energy future. Indeed, recent analysis indicates the West alone could generate 1.3 million barrels of production per day by 2020, exceeding our current daily imports from Russia, Iraq, and Kuwait combined.