A segment of pipe that supplies natural gas to the Bay Area exploded during a test Monday morning in a remote area near Bakersfield.The pressure test was conducted on a mile long stretch of Line 300B around 9 a.m., according to PG&E officials. The seam in the 34-inch diameter pipe failed during a test to increase pressure. The pipe itself was laid in the ground in 1950. Read More
With unemployment creeping back upward, one might think President Obama would be interested in any and every policy move he might make to get the economy creating new jobs again.
If Obama is truly open to anything other than more of the same left-wing more government spending and regulation mindset, he will pay close attention to a new study being released today. It was jointly funded by the National Oceanic Industries Association (NOIA) and the American Petroleum Institute (API). Read More
President Obama’s proposals to raise taxes on oil and gas industries to reduce the federal government's $1.3 trillion annual deficit will cause a loss of 155,000 jobs, $68 billion in lost wages, and $83.5 million in reduced tax revenues.
So says Louisiana State University economist Joseph Mason who released a study today that examined the effects of Obama’s proposition to eliminate tax deductions on oil and gas companies. Read More
America's energy-rich western states stretching from North Dakota and Montana on the Canadian border to New Mexico on the Southern border can produce enough oil and natural gas to replace what America presently imports from Saudi Arabia, Nigeria, Columbia, Algeria, Iraq, Russia, Venzuela, and Kuwait, according to a new study conducted for the Western Energy Alliance.
The study was conducted for the alliance by EIS, with data analysis provided by ICF. Read More
You’re Ian Urbina, a senior New York Times reporter. In February and March, you write that hydraulic fracturing, a method of natural gas extraction, is contaminating Pennsylvania drinking water. Your accusations are disproved by government tests.
So you write a three-part series saying that shale gas production is “inherently unprofitable” and a giant Ponzi scheme, as well as loosely regulated by the Securities and Exchange Commission. Read More
Hardly a day goes by without somebody in government or the media complaining about all the jobs that U.S. corporations have moved overseas, or lamenting the loss of the American heartland’s once-mighty industrial capacity. Read More
There you are standing at the gas pump, watching the dollar signs go ding-ding-ding at blazing speed, and suddenly the gas price forecast lady comes with the week ahead.
But you only thought that was why you suddenly got a splitting headache. See who comes next on the latest Politizoid:
Sen. Jim Inhofe, R-OK, sat down in front of a camera yesterday and patiently walked through the major myths about energy being propagated by President Obama, congressional Democrats and the liberal mainstream media. The result is a concise, easy-to-grasp summary of energy facts:
For example, what about all those "subsidies" the federal government is giving Big Oil that Obama and the Democrats want to terminate? Here's Inhofe with the facts: Read More
So you filled up the ole family buggy and had to get a bank loan to pay for it, right? Only the bank wouldn't give you a loan because the banks still aren't making loans (unless you are a politically connected Wall Street investment house), which leaves you wondering what your next move is going to be? Read More
Soon after the Deepwater Horizon tragedy began in the Gulf of Mexico, President Obama imposed a moratorium on all off-shore drilling for oil and natural gas in the Gulf of Mexico.
The moratorium was lifted, finally, after a federal judge twice ruled the administration's approach was illegal, but not soon enough to prevent thousands of jobs from being lost around the Gulf coast, and not just in the energy industry. Read More