Details of a large non-profit’s plans to combat the Keystone XL pipeline have surfaced, and offer some insight into the strategies and tactics of groups looking to combat the use of fossil fuels. Canadian news channel Sun News uncovered of a PowerPoint presentation from the Rockefeller Brothers Fund detailing its work with other groups to derail the Keystone XL pipeline and other similar projects it deemed parts of “a globally significant threat.” The presentation, written in 2008, describes the allocation of $7 million to environmental non-profits for tactics that include …
Today, Senators Jim DeMint (R–SC) and Mike Lee (R–UT) introduced legislation that would move the United States a giant step forward in making our country’s energy market freer by eliminating targeted tax credits for energy sources and technologies. Their legislation, a companion to Representative Mike Pompeo’s (R–KS) bill, would force any tax policy that picks certain industries as winners and losers in the market to expire at the end of the year and expedite sunsets for tax credits extending multiple years. And it goes after all targeted tax credits: oil, …
At this State of the Union address, President Obama proudly stated that “American oil production is the highest it’s been in eight years” and declared that his Administration would “open more than 75 percent of our potential offshore oil and gas resources.” While President Obama spoke favorably of the role that oil and gas development play in America, the President’s and his Administration’s actions don’t match with his words. There are several areas where the President and his Administration are unreasonably hindering access to more oil and gas for Americans …
In his State of the Union address, President Obama emphasized, “We don’t begrudge financial success in this country. We admire it.” That may be the case if you make iPods, iPads, and iPhones, but when it is “big oil” (i.e., stockholders, pension funds, and IRAs investing in oil companies) that has a successful quarter, let the public onslaught commence. The most recent attack has been legislatively, when Representative Dennis Kucinich (D–OH) introduced “the Gas Price Spike Act.” The provisions in the bill threaten the entrepreneurial spirit and our system of …
Whether he likes it or not, President Obama’s logic-defying but unsurprising decision to deny TransCanada the permit to construct a 1,700-mile long pipeline to deliver up to 830,000 barrels of oil per day from Alberta, Canada, to Gulf Coast refineries put the ball in Congress’s court—and some Members are seizing that opportunity. On January 24, Representative Ted Poe (R–TX) and 11 co-sponsors, including Representative Dan Boren (D–OK) introduced the Keystone For a Secure Tomorrow Act (K-FAST) that would approve TransCanada’s permit submitted to the Department of State (DOS) on September …
The European Union yesterday imposed an embargo on future oil imports from Iran in an unprecedented escalation of sanctions aimed at forcing Tehran into negotiations on its uranium enrichment program. Foreign ministers from the EU’s 27 member states agreed to ban new purchases of Iranian oil and phase out oil imports under old contracts by July 1. The oil sanctions will be phased in gradually and reviewed on May 1 to cushion the impact on Greece, Italy and Spain, which face severe economic problems and depend more heavily on Iranian …
In President Obama’s statement denying TransCanada’s Keystone XL pipeline, he said, “The rushed and arbitrary deadline insisted on by congressional Republicans prevented a full assessment of the pipeline’s impact, especially the health and safety of the American people, as well as our environment.” The President referred to a five-page Department of State (DOS) report that echoed why he decided in November 2011 to postpone the decision until after the 2012 election. Despite a rigorous, three-year environmental review with multiple comment periods, DOS recommended that the current route was not satisfactory …
The Obama Administration, encouraged by environmental groups, has blocked yet another affordable energy project—the Keystone XL Pipeline. Add this to the unconscionable slowdown of leasing and production in the Gulf of Mexico, foot-dragging on production in the Chukchi and Beaufort Seas, blocks on offshore production in the Atlantic and Pacific, and continued prohibitions and impediments to production in non-park, non-wilderness areas of the Western U.S. and ANWR. For each one, the claim is that the production wouldn’t make much difference. Well, the XL Pipeline would bring 750,000 barrels per day …
Tensions are rising in the Strait of Hormuz. Iran has recently yet again threatened to close the strategic strait down over the threats from the European Union to impose an embargo on buying Iranian oil. The Europeans want to do that as a part of increasing efforts by the West to halt Tehran’s nuclear program. If Tehran blockades the strait, through which 40 percent of world’s oil is shipped, such an action would have a major impact on the prices of oil and the world economy. Iran has used its …
Yesterday in Walt Disney World, the land “where dreams come true,” President Barack Obama appeared before Cinderella’s Castle to announce his latest plan to boost jobs in America–an effort to increase tourism to the United States. His announcement came one day after he flat out said “NO” to another plan that would have directly created at least 20,000 truly shovel-ready jobs–and 179,000 American jobs by 2035–while bringing more than 700,000 barrels of oil to the United States each day. That plan was the Keystone XL pipeline. Had the President approved …
