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 …
The bankruptcy of solar energy company Solyndra is making national headlines and has put President Obama’s green jobs programs under the microscope. Click here to join the chat! We are joined by Heritage’s Energy and Environment Policy Analyst Nick Loris. He is taking your questions about what can really create …
In case you missed it, make sure you listen to last week’s Heritage Libertad Radio Show. Listen in Spanish or English. The Spanish show kicks off with a discussion of new government data regarding the Hispanic community. That’s followed up with a segment on immigration. The show closes with member …
Total, Europe’s third largest oil company, announced last Friday that they have made a major gas discovery in the Caspian Sea. The discovery, made in the Absheron block off the coast of Azerbaijan, is thought to have large pockets of gas spread over a 270-square-kilometer field and holds about 350 …
If the pace of Gulf oil drilling permit awards does not increase, as many as 20 drilling rigs could soon leave the Gulf, a major investment bank announced. BER Capital Investments called the current rate of permitting unsustainable in a report released Wednesday. BER’s report noted that the slow pace …
Energy research firm Wood Mackenzie released a report on Wednesday that lends weight to arguments for greater energy exploration and production in the United States. The economic effects of such a policy, the report asserts, would be uniformly positive. The report summarizes its findings thusly: Wood Mackenzie’s analysis found that …
Last week, oil giant ExxonMobil announced an agreement with Russia’s state oil company, Rosneft, to explore for oil in the Arctic continental shelf in the Kara Sea. America’s largest oil company is taking the place of BP (British Petroleum), whose dealings with Rosneft earlier this year collapsed. The controversial Rosneft …
