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More news from the peak oil front…San Francisco Chronicle  (8/16/11) reports: Norway's Statoil has received a huge boost to its reserves with the announcement that two previous North Sea oil discoveries are connected which may represent the biggest find in the Norwegian continental shelf in 30 years…Statoil said in a statement Tuesday that the Aldous and Avaldsnes oil discoveries together contain between 500 million and 1.2 billion barrels of oil — significantly more than previously...
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Obamanomics: destroy demand by eviscerating all value created over the past decade and you’ll have cheaper gas at the pump Wall Street Journal  (8/15/11) reports: The tumbling price of crude oil this month and signs of falling fuel demand point to lower U.S. gasoline prices ahead, though consumers will have to wait for savings to trickle down to the pump…After reaching an almost three-year high of $3.97 a gallon in early May, U.S. retail gasoline prices have fallen nearly 30 cents on a...
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Good News! Texas Wind Power breaks new records for showing up to work fourteen to twenty-five percent of the time instead of the usual 8%! Bad news; every hour wind makes a megawatt, U.S. subsidies mean we Borrow $22 more dollars from the Chinese who make the confounded things Houston Chronicle (8/11/12) reports: The wind hasn't provided much relief to Texans during the recent run of 100-degree-plus days, but it has helped keep air conditioners humming…Texas' wind turbines, particularly...
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I guess that once you’ve done all the damage you can do, it is time to move along.  I wonder if Ron gets the concept of moral hazard yet E&E News (8/10/11) reports: Ron Bloom, an Obama administration official who helped oversee the auto industry bailout, will leave his position as a presidential adviser on manufacturing policy at the end of the month, the White House announced today…Bloom had previously served as the administration's "auto czar" and helped work on the restructuring of...
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For those of you scoring at home, Mitch used to be chief of staff to Senator McConnell and once upon a time ran the NRSC.  So maybe we might get some sort of pushback against the Obama Administration’s attempts to make sure that:  1) people have to pay more (a lot more) for cars; 2) automobile fleet turnover is consequently retarded (delaying all the environmental benefits that come with turnover; and 3) more people die in highway crashes than would have otherwise E&E News (8/9/11)...
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Real brave of you NYT to come out and say America can save money by raising taxes on oil and gas companies.How about we stop jerking energy producers around on a short leash and let them go back to work. New York Times (8/7/11) reports: If the Republicans are truly determined to slash the budget and end government waste, they will start with two obvious and long overdue cuts: ending the web of tax breaks enjoyed by the rolling-in-dough oil industry and terminating the ethanol subsidy....
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President Obama figured out how to drive down the price of gasoline by lowering demand. The downside? His policies have wiped out an entire year of wealth creation Fuel Fix  (8/5/11) reports: Oil prices extended sharp losses, falling to near $85 a barrel today in Asia amid expectations a slowing global economy will weaken demand for crude…Benchmark oil for September delivery was down $1.31 to $85.32 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile...
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Everybody's Out To Get Me!  IHS/CERA's Wrong!  Everybody's Wrong!  All the people in the Gulf are wrong!  I'm a lawyer!  Oil and gas engineers don't know anything!  Those jobless people are just faking it! Fuel Fix (8/2/11) reports: The United States’ top offshore drilling regulator is calling out one of the nation’s top energy research firms, accusing IHS CERA of issuing a biased and “fundamentally flawed” report that suggested Gulf drilling projects were caught in a...
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Environmental groups, eager to increase the price of energy for Americans, urge NJ Governor Christie to ban fracking New Jersey News (8/1/11) reports: Twenty-four environmental organizations submitted a letter to Gov. Chris Christie on Monday asking him to sign legislation prohibiting the use of hydraulic fracturing for the purpose of natural gas exploration or production in New Jersey…The Legislature approved the proposal (S-2576/A-3313) by a large majority on June 29 and sent it to...
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IER’s Dank Kish schools Center for American Progress on energy policy and also provides a psychological diagnosis of their behavior Washington Examiner (8/1/11) reports: Reading the latest ravings of the Center for American Progress (CAP, but increasingly recognized as the Center for Reversing American Progress) is akin to a family being forced at holiday to listen to the crazy old Uncle George repeat the same old complaints about some injustice he suffered when everyone knows what he...
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