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What do you think Obama said this morning: be careful what you wish for or I love it when a plan comes together Washington Post (4/12/11) reports: Gasoline prices are soaring toward $4 a gallon, a threshold that some analysts say will damage the fragile economic recovery and crimp consumer spending just as families are planning their summer vacations… Bill Simon, chief executive of Wal-Mart U.S., said recently that the retailer sees fewer customers when gas prices begin to rise,...
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What? You mean that people take advantage of venal and corrupt government extortion efforts to feather their own nests? E&E News (4/12/11) reports: Officials along the Gulf Coast have spent tens of millions of dollars -- furnished by BP PLC -- on gear, technology and vehicles, much of which has little to do with the oil cleanup…Much of the money was provided with no strings attached by the oil giant last spring while the crisis was unfolding. Many of the expenditures were only remotely...
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The common sense defense: producers would rather sell than spill oil Wall Street Journal (4/11/11) reports: The Deepwater Horizon disaster in April 2010 was the largest offshore spill ever in the U.S. It humbled one of the oldest, biggest and most distinguished oil firms, BP , forcing it to set aside $20 billion in compensation and sacrifice its chief executive. No wonder the oil industry is doing some soul searching. In response to the catastrophe, oil companies have taken ...
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Before Obama says he can do nothing about gas prices, how about he tries to do something first? Like have open up some of the 97% of OCS where he doesn't allow development Herald Times (2/6/11) reports: Pitching the promise of energy independence, President Barack Obama cautioned Wednesday that it’s going to be tough to transition from America’s oil-dependent economy and acknowledged there’s little he can do to lower gas prices over the short term…“I’m just going to be...
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Senate to Vote on Plan to Reign In EPA Today--Unless Vote Gets Postponed Again... The Hill (4/5/11) reports: The Senate will vote on a GOP-backed plan to kill Environmental Protection Agency climate change rules Wednesday afternoon, according to Democrats and a spokesman for Senate Minority Leader Mitch McConnell (R-Ky.)...Lawmakers will vote on McConnell’s amendment to small-business legislation, as well as several Democratic alternatives. The amendments need 60 votes to pass...The...
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Lisa Jackson channels her inner Scooby Doo villain and says, “If it weren’t for you pesky free market advocates, we would have gotten away with it!” New York Times (4/4/11) reports: A Virginia state lawmaker caused a stir in February when he admitted that his resolution declaring U.S. EPA's effort to curb greenhouse gas emissions a "regulatory train wreck" was written by the coal industry…Republican Delegate Will Morefield's resolution said EPA regulations would have...
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NYT reporter is shocked by his discovery that we live in a world that is confined by scarcity and that includes energy New York Times (4/3/11) reports: Political support may be holding for nuclear power and offshore oil, despite the Fukushima and Gulf of Mexico disasters, as decision makers confront the challenges of climate change and dwindling energy reserves…A theory of “peak everything” suggests the world is running short of vital assets like clean water, carbon-free air, some...
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Obama positions his green pivot on national security and we all know OPEC is far more stable than the U.S. Politico (3/30/11) reports: President Barack Obama will try yet again Wednesday to make his case for major energy reforms, a mission he’s so far struggled to accomplish, thanks to global and domestic challenges often beyond his control…Senior White House officials said the speech at Georgetown University kicks off a “concerted effort around energy security” that will occupy the...
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HOF won’t induct Charlie Hustle for betting on his team to win, but the HOF just placed a bet against American energy Mother Nature Network (3/29/11) reports: The hall of fame, based in Cooperstown, decided to support the Cooperstown Chamber of Commerce’s recent resolution opposing hydraulic fracturing, or “fracking” as it is commonly known. Fracking is a controversial method used by the natural gas industry where rig operators pump a mixture of water, sand and secret chemicals into...
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