Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Saturday, July 26, 2014

US energy boom

Article: There's A U.S. Energy Boom, No Thanks To Obama

Alternative title: US energy boom, doomsayers and environmentalists hardest hit. 

Much good news. And increasing oil/natural gas means lower prices for consumers, which helps the poorest among us.

Facts:
1) [A ]...35% increase in America's oil and natural gas production since President Obama took office.
2) Since Obama took office, oil and gas production... on federal lands has dropped sharply due to a cutback in leasing of deepwater areas for energy development.
3) U.S. dependence on imported petroleum products has fallen from more than 60% in 2005 to less than 33% in 2013. It's expected to drop to 22% in 2015....
4) U.S. natural gas production has been an equally remarkable success story. The shale-gas revolution has transformed the U.S. into the world's No. 1 gas producer.

Saturday, July 19, 2014

Article: Court KOs New Jersey bid to block ocean blasting

Article: Hunt for oil and gas to begin off East Coast

Article: Obama administration hands oil industry a big win

Alternate title: Obama administration hands poor people a big win: Cheaper energy possible.

Exploration for oil has not been permitted off the East Coast of the US in over 30 years.

Actual drilling is still prohibited by the Obama Administration.

One thing that I find odd about the Obama Administration is how "right wing" a number of their environmental decisions have been. Their original director of the EPA issued a report favorable to fracking, for example. The EPA also cleared the Keystone XL pipeline (although Mr. Obama, himself, has stalled approval in the face of hard-core left opposition to it).

Side note: 30 years would put the beginning of the moratorium right in the middle of the Reagan Administration. Why not say so? Or do the authors/editors not wish to give credit to the Reagan Administration for doing something regarded as environmentally favorable?