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  • oil

    Green or Not So Green?

    By the year 2000, if present trends continue, we will be using up crude oil at such a rate…that there won’t be any more crude oil. You’ll drive up to the pump and say, `Fill ‘er up, buddy,’ and he’ll say, `I am very sorry, there isn’t any.’” Ecologist Kenneth … More

    Chavez Needed a Bailout - So He Made One Up!

    Last weekend President Hugo Chavez announced with great fanfare that Venezuela’s state-owned oil company, Petroleos de Venezuela SA (PDVSA), had signed an agreement with China National Petroleum Corporation (CNPC) to develop part of the Orinoco heavy crude area for which they had given Venezuela a $20 billion loan. As usual … More

    Don’t Be Fooled by Obama’s Offshore Drilling Announcement

    President Obama announced today that the administration will open access to waters for offshore drilling in the Atlantic and eastern Gulf of Mexico. While the president should be commended for allowing oil and natural gas exploration and development in untouched water, the devil is in the details. Part of the … More

    Al Qaeda Plot Against Saudi Oil Targets is Foiled

    The Saudi Interior Ministry announced yesterday that it had uncovered a plot to attack Saudi oil facilities and arrested 113 suspected members of al-Qaeda.  The 113 militants reportedly were organized into three cells and had been planning suicide attacks on oil and security facilities in Saudi Arabia’s oil-producing Eastern Province.  … More

    Americans High on Nuclear, Low on Global Warming

    The way Washington is operating, the fate of nuclear energy may be in trouble in the United States. When something’s unpopular with the American public, the government will find a way to make it move forward. This past weekend’s vote proves to be a pretty good example of that. A … More

    Government Picks Wind as Winner, Oil and Natural Gas as Losers

    Chris Horner from the Competitive Enterprise Institute is at it again, doing his best Sherlock Holmes imitation. After a Spanish study warned that renewable energy policies destroy more jobs than they aim to create, the Department of Energy released a strong rebuttal, claiming the report lacked rigor. A CEI-submitted Freedom … More

    Running Out of Oil?

    As recent as last summer an article in The Independent, citing assessment from the lead economist at the International Energy Agency (IEA) warned that “The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world … More

    How to Create Jobs and Save the Environment

    There’s a plan out there that will create jobs, collect revenue for state and federal governments and improve the environment. And it won’t come at any cost to the taxpayer but if the administration doesn’t act, it will be a net drain on the economy. 1.) What is it? 2.) … More

    Biomass Gets Tax Break, Oil & Gas Get Tax Hike

    With wind, solar and geothermal receiving much of the government handouts when it comes to energy production, biomass is back in the game after the Senate Finance Committee unveiled its tax extender plan, which includes a $100 million in production tax credits for biomass energy as part of a larger … More

    Drill, With Tougher Regulations Baby, Drill!

    In what is being labeled as “Onshore Oil and Gas Leasing Reforms” Secretary of the Interior Ken Salazar announced tougher new leasing rules that will inevitably make it more difficult and more expensive to drill for oil in the United States. Despite the recession, gas prices have crept up steadily … More