Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts
Shale Revolution Deniers Face Inconvenient Truth
by Mark Perry. Peak what? Despite turning the U.S. into the world's largest producer of natural gas and driving a 3 million barrel per day surge in U.S. oil production in just the last three years, the shale revolution still has its doubters. They couldn't be more wrong. The Montreal-based Centre for Research on Globalization recently dismissed shale ... MOREKatie Kieffer: Why Farmers Need Keystone XL
It’s harvest time! But oil shipments out of the Bakken are causing dangerous and costly rail delays for farmers. The oil boom in the Northern Plains is a boon to the U.S. economy, creating thousands of jobs and increasing our supply of American energy. With nearly 3 million Americans out of work, the Bakken is like a pool of cool water in an arid ... MORECurbing Carbon Vs Rational Recklessness
by Steve Chapman. Rousing the public to do something about the growing federal debt is not easy. The dangers it poses are distant and vague. The immediate effects are not apparent. Any measure to cut deficits looks trivial next to the scale of the problem. Doing nothing is the easiest option. But responsible adults understand the need to ... MORE
James Conca: It's Final -- Corn Ethanol Is Of No Use
It's always been about subsidies, not the environment. OK, can we please stop pretending biofuel made from corn is helping
the planet and the environment? The United Nations Intergovernmental
Panel on Climate Change released two of its Working Group reports at the
end of last month (WGI and WGIII), and their short discussion of ... MOREObama Considers More Costly Regulations For Oil Sector
by Roberta Rampton and Timothy Gardner. The White House said on Friday it will take a hard look at whether new regulations are needed to cut emissions of methane from the oil and gas industry, part of President Barack Obama's plan to address climate change. The suggestion drew a sharp rebuke from the main oil and gas lobby group. ... MORE
U.S. To Become Bigger Oil Producer Than Saudi Arabia
The glory of fracking. Hector Gallegos sits in the cab of his pick-up enjoying a few hours of calm. A day earlier, workers finished carting off the huge rig that had drilled three new wells beneath this small patch of south Texas farmland and he’s now getting ready to prime them for production. He reckons that about three weeks from now ... MOREJoel Kotkin: Politics Runs Real Energy Out Of California
Banking on expensive alternative energy. More bleak economic news for the average Joe. The recent decision by Occidental Petroleum to move its headquarters to Houston from Los Angeles, where it was founded over a half-century ago, confirms the futility and delusion embodied in California's ultragreen energy policies. ... MOREMichael Barone: The Audacity Of Frack
In praise of creative destruction. Capitalism, said economist Joseph
Schumpeter seven decades ago, is a process of creative destruction. New
inventions, new processes, new methods of organization lead to the
creation of new profitable and efficient businesses and to the
destruction of old ones unable to ... MOREU.S. Is Overtaking Russia As Largest Oil-And-Gas Producer
by Russell Gold and Daniel Gilbert. The U.S. is overtaking Russia as the world's largest producer of oil and natural gas, a startling shift that is reshaping markets and eroding the clout of traditional energy-rich nations. U.S. energy output has been surging in recent years, a comeback fueled by shale-rock formations of oil and natural gas ... MORETom Leonard: New Gold Rush Proves Anti-Frackers Wrong
The best economic news in decades. As he takes me on a tour of his buzzing little town, mayor Brent Sanford points out the acres of development that have already happened — the giant grocery store, the smart restaurant, the school extension and the endless housing developments. And he tells me what’s still to come — a smart ... MORE
U.S. Shale Bonanza Poses Danger To Saudi Oil Interests
by Alaj Makan and Abeer Allam. Prince Alwaleed bin Talal, the billionaire Saudi Arabian investor, has warned that his country’s oil-dependent economy is increasingly vulnerable to competition from the US shale revolution, setting him at odds with his country’s oil ministry and Opec officials. In an open letter addressed to Ali Naimi, ... MOREStar Parker: We Need To Restore The Spirit Of Capitalism
Our president is hardwired to the socialist view. President Barack Obama went to Knox College in Galesburg, Ill., this week to rearticulate his vision for the American economy and to reassure the American people that, yes, he knows what he is doing. The president's prodigious political skills are always on display, even in the most ... MORENew Carbon Regulations Come At Great Cost To America
by Jeffrey Folks. Five years into Obama's presidency, twelve million Americans remain unemployed, ten million others are underemployed, the unemployment rate is rising, and Obama wants to make it worse. In the fourth year of the Reagan presidency, the national economy grew by 6.8%. Last year, under Obama, it was still stuck at 2.2%. That ... MOREJohn Stossel: Gas Myths
Plan to drive more this summer? Annoyed by the price of gas? Complaining that oil companies rip you off? I say, shut up. Even if gas costs $4 per gallon, we should thank Big Oil. Think what they have to do to bring us gas. Oil must be sucked out of the ground, sometimes from war zones or deep beneath oceans. The drills now bend and dig sideways ... MORE
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