oil – Page 7 – CFACT

Governors, billionaires secretly promote Obama’s crippling energy agenda

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 [...]

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Marita Noon

|2015-08-31T13:46:17-04:00August 31st, 2015|1 Comment

Oil’s down, gasoline isn’t. What’s up?

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.

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Marita Noon

|2015-08-25T11:26:39-04:00August 25th, 2015|2 Comments

Californians roll 96 million plastic balls into reservoir

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.

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Craig Rucker

|2015-08-14T21:17:30-04:00August 14th, 2015|4 Comments

Obama: Iranian oil, good. Canadian oil, bad. American oil, bad.

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.

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Marita Noon

|2015-07-27T17:07:41-04:00July 27th, 2015|Comments Off

Mexico’s energy reform is rolling, albeit with training wheels

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.

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Marita Noon

|2015-07-20T15:19:15-04:00July 20th, 2015|Comments Off

Singing in the new revolution

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.

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Paul Driessen

|2015-07-19T21:32:17-04:00July 19th, 2015|Comments Off

The geopolitics of oil go round and round

Iran stands to gain much from its efforts to manpulate the prie

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Marita Noon

|2015-03-31T03:10:01-04:00March 31st, 2015|1 Comment

Oil and gas exports—one policy change, many benefits

“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 [...]

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Marita Noon

|2015-03-24T00:49:28-04:00March 24th, 2015|Comments Off

What’s up with the prices at the pump?

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.

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Marita Noon

|2015-03-02T15:22:11-05:00March 2nd, 2015|Comments Off

Naming enemies of U.S. fossil fuel development

The enemies of fracking, the Keystone pipeline, and other fossil fuel related activities start with wild-eyed "Deep Green Resistance" types who oppose the entirety of Western civilization (even agriculture), include those with vested interests in alternative energy sources, and even include foreign governments (like Putin's Russia), who recognize that cheaper oil and gas prices will hurt their economies and weaken their grip on nearby dependent countries. Naming enemies empowers those who want to defeat them.

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Marita Noon

|2015-02-24T08:11:49-05:00February 23rd, 2015|2 Comments

What’s next for the Keystone pipeline?

President Obama will soon have to decide whether to please big labor or Big Green -- and his risk is that if he chooses Big Green over big labor and then the labor unions push Democrats who depend on their votes to vote to override his veto of the Keystone Pipeline authorization, he loses big time. The clock is ticking -- and the stakes are high. Meanwhile, President-in-waiting Hillary Clinton is silent ... perhaps fearing the same Hobson's choice. The huge drop in the oil price -- which some now claim is a further reason to ignore Keystone -- is on the verge of a quick rebound thanks to Obama's feckless foreign "policy." Stay tuned!

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Marita Noon

|2015-02-19T09:07:36-05:00February 16th, 2015|9 Comments

Will President Obama’s new drilling policy give the Arctic over to Russian domination?

Is it merely a coincidence that millions of dollars of Russian money have been laundered and forwarded to anti-fossil fuel radical environmentalists to fight exploration and development by the United States of Alaska's vast oil and gas and minerals reserves? While Russia plans to seize the entire Arctic for its own use, the United States shuts down all future development over nearly 20 million acres of land and sea -- for absolutely zero environmental benefit, especially since Russia will likely be able to exploit much of that same territory anyway. Just as bac, Obama did this despite universal opposition from Alaska's elected officials -- robbing the state of much-needed jobs and revenues. Hopefully, this theft and giveaway to Russia can be reversed.

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Ron Arnold

|2015-02-14T15:59:28-05:00February 14th, 2015|3 Comments

OPEC prediction of $200-a-barrel oil ignores market realities—or maybe not

OPEC's Secretary General Abdulla al-Badri last month predicted oil prices will rebound to as much as $200 per barrel, a figure CFACT advisor Marita Noon suggests could only come about if terrorism and internal strife force shutdowns of major oil-producing states such as al-Badri's native Libya and other Middle Eastern nations vulnerable to radical assaults. Otherwise, Noon notes, as soon as the price jumps about $70 per barrel, the nimble U.S. wildcatters will step up their production again and hold the oil price well below al-Badri's predicted $200 per barrel.

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Marita Noon

|2015-02-09T12:11:26-05:00February 9th, 2015|1 Comment

Divesting people of better living standards

The radical Green push for colleges and universities to divest themselves from investment in fossil fuel companies is misguided, immoral, lethal, and, yes, racist. While Western civilization has seen an 11-fold increase in wealth, a doubling of lifespans, and health and prosperity unprecedented in human history, nearly 1.5 billion still live without the benefits of modern technology. While China (which will ignore the bigots) has linked nearly its entire population to the power grid, over 300 million in India and more than twice that number in sub-Saharan Africa lack even the simplest of modern amenities that electric power and motorized transportation afford. CFACT Senior Policy Advisor Paul Driessen asks, "What right do divestment activists and climate change alarmists have to deny Earth's most destitute people access to electricity and motor fuels, jobs, and better lives?"

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Paul Driessen

|2015-02-13T08:26:11-05:00February 7th, 2015|5 Comments

America is falling behind in the new cold war over Arctic oil and gas

CFACT policy analyst Marita Noon reports that President Obama's made dash to prevent U.S. oil and gas activities in the very profitable Arctic National Wildlife Refuge (ANWR) may stem more from Russian money funneled to U.S.-based environmental nonprofits -- and the desire of the President to please such groups -- than from any intelligent rationale for declaring these rich lands off limits to the minimal development needed for resource extraction. Russia, meanwhile, is conducting military-scale operations in a possible effort to take physical control of the entire Arctic region.

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Marita Noon

|2015-02-03T07:57:08-05:00February 2nd, 2015|Comments Off