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    Offshore Drilling Plan Lacks Something: More Drilling

    Yesterday, the Department of Interior released its new five-year offshore drilling plan. Unfortunately, the program is far less expansive when it comes to opening areas to access, exploration, and drilling than it should be. The plan schedules 15 possible lease sales in the 2012–2017 time horizon—10 in the central and … More

    Small Town Bucks the Economic Trend with Energy Production

    As goes Williston, North Dakota, so goes the nation? That’s probably not a phrase you’ve heard before, but if we opened access to our domestic energy sources, Williston could be the poster child for jumpstarting economic growth in many areas of the country. In fact, the state of North Dakota … More

    Year After Obama Lifted Drilling Ban, Pace of Permitting Is Worse

    The Obama administration is approving only 37 percent of the deepwater drilling plans submitted this year — a figure that falls below even last year’s low approval rate. It’s also taking federal bureaucrats an average of 115 days to approve the plans, nearly double the historical average. Greater New Orleans … More

    Lack of Offshore Drilling Lease Sales Makes America's Debt Problem Worse

    Offshore oil and gas leases produced $10 billion in federal revenue only a few years ago. Today that number is zero, a consequence of the Obama administration’s reaction to last year’s Gulf of Mexico oil spill and the resulting moratorium on production in the region. Sen. David Vitter (R-LA) says … More

    No Drilling, No Jobs, No Money

    The Obama Administration lifted the moratorium on new permits and drilling in the Gulf of Mexico, but the same problem persists as it has for over a year now. There’s not a whole lot going on down there. ODS-Petrodata Weekly Rig Count keeps tabs on rigs under contract and rigs … More

    Top 10 Reads: August 9, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Fueling higher gas prices – Ed Feulner Yemen looks like al Qaeda’s new heartland – James Carafano Left’s Tea Party Invective on Boil – Brian Darling Pity the debt-paying generation – … More

    Morning Bell: Blame the Washington Bureaucracy for High Gas Prices

    Americans are paying more for gasoline today than they were six weeks ago when President Obama released 30 million barrels of oil from the Strategic Petroleum Reserve. In the Gulf of Mexico, meanwhile, 10 drilling rigs — more than one-third of the fleet — have left on Obama’s watch. This … More

    How Higher Energy Prices Threaten U.S. Jobs

    America’s trucking industry is on pace to pay a whopping $138.7 billion for fuel in 2011 — an increase of $37.2 billion over last year due to higher energy prices. That’s a lot of money for gas. And unfortunately for consumers, they’re likely to pick up the tab. A new … More

    Morning Bell: President Obama Abuses Nation's Oil Reserves

    When it comes to making bad energy policy decisions, President Obama is a pro. Yesterday was no exception when the Obama Administration announced it would release 30 million barrels of oil from the Strategic Petroleum Reserve (SPR). This is part of an agreement with the International Energy Agency (IEA) to … More

    Open Areas to Drilling, Don’t Open the Strategic Petroleum Reserve

    The 28 member countries of the International Energy Agency (IEA) agreed to release 60 million barrels of oil reserves—2 million barrels per day over 30 days—to offset the supply disruption as a result of the political unrest in Libya. The Obama Administration announced that 30 million of those barrels will … More