A little more than a year ago, oil prices were above $100 a barrel. The national average for gasoline was in the $3.50 range. In late spring, oil was $60ish and the national average for gas was around $2.70. The price of a barrel of oil has plunged to $40 and below—yet, prices at the pump are just slightly less than they were when oil was almost double what it is today.
In a recent article promoting his Protect Our Public Lands Act, Rep. Mark Pocan (D-Wis.) argues the government should ban hydraulic fracturing on public lands. Pocan cites concerns about potential environmental and economic impacts of horizontal hydraulic fracturing, also known as “fracking,” and raises concerns about fracking in national parks. The article has critical shortcomings regarding the environmental and economic impacts of fracking, and it misrepresents oil and gas activity in national parks.
The solar industry is jubilant over President Obama’s Clean Power Plan, released in its final form on Monday, August 3. The same day, however, some other news reminded the public of what happens when government policy mandates and incentivizes a favored energy source: Taxpayer dollars are gobbled up and investors lose out.
The crude oil export ban was signed into law in 1975 in the wake of the Arab oil embargo that brought long lines for gasoline and high oil prices. Today, by contrast, hydraulic fracturing, also known as fracking, has made the United States the world’s largest producer of crude oil. The outdated export ban puts U.S. oil producers at a competitive disadvantage with other countries, and may actually serve to increase gas prices at the pump.
In today’s edition of The Heartland Daily Podcast, Isaac Orr, research fellow for energy speaks with Wally Drangmeister. Drangmeister, from the New Mexico Oil and Gas Association, joins Orr to talk about oil and gas production in New Mexico.
In today’s edition of The Heartland Daily Podcast, Research Fellow Isaac Orr speaks with Holly Bellmund. Bellmund is president of Proppant Today LLC, a media, research and consulting company providing best-in-industry thought leadership into proppants and its effect within the unconventional oil and gas industries. Bellmund joins Orr dive into the workings of proppants and their uses in fracking.
The climate alarmists are practically giddy over Pope Francis’ recently released “climate encyclical”—remember, these are, generally, the very same people who dis the church and its position on abortion, the origin of life on earth, and the definition of marriage. Even Al Gore, who admits he was “raised in the Southern Baptist tradition,” has declared he “could become a Catholic because of this Pope.”
Green zealots believe that we can and should run modern societies exclusively on “Green” energies, and they have embarked on a war on hydrocarbons. They need to be told that their green energy favourites are just stealing from the biosphere – they are not as green as they claim.
The fact the Senate Homeland Security and Government Affairs Committee is attacking the Environmental Protection Agency’s (EPA) management—er, mismanagement—of the federal renewable fuel standard (RFS) is indicative of the growing frustration over both the agency and the RFS itself.
New polling emphasizes support for traditional energy concerns has become a partisan issue. Large majorities of Republicans favor key energy issues—but voters of every ideological stripe say energy will be an important part of their voting decisions.
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Merrill Matthews, Jr. Matthews, Resident Scholar at the Institute for Policy Innovation and a contributor at Forbes.com, also serves as Vice Chairman of the Texas Advisory Committee of the U.S. Commission on Civil Rights. Burnett and Matthews discuss the foolish policy decisions the Obama administration has undertaken on energy policy.
Early in the new millennium, oil prices began to rise and natural gas prices shot up. Doomsayers lacking an understanding of history and economics popped up, as they always do, to proclaim the end of cheap oil was nigh. “Peak oil” pundits ruled the airwaves and editorial pages.
In a previous post we pointed out that alternative energies (solar, wind, ethanol and other biofuels) bump up against implacable physical realities which no amount of government spending or research can overcome, and which are environmentally destructive despite propaganda to the contrary. Ethanol in gasoline, for example, according to EPA’s own data, increases key pollutants such as volatile organic compounds and nitrogen oxide by as much as 7 percent. Yet it was on the basis of phony scientific claims that ethanol would reduce pollution from automobile emissions that it use was mandated by the government.
As hydraulic fracturing and Canadian oil sands development sent North American petroleum production soaring, new pipelines were approved and constructed, including the Keystone system’s first three phases. They augmented 2.5 million miles of liquid petroleum, gas transmission and gas distribution pipelines that already crisscross the U.S.
Throughout the United States, especially in communities with existing or potential oil-and-gas development, outside groups have moved in with a vengeance and agitated the population—resulting in bans against all exploration for hydrocarbons and/or the use of hydraulic fracturing. Expensive lawsuits have been filed and courts have repeatedly declared such bans as “unconstitutional.” The newest domino to fall is in Texas where Governor Greg Abbott, on May 18, signed House Bill 40 (HB40)—also known as the Denton Fracking Bill—which clarifies that an “oil and gas operation is subject to the exclusive jurisdiction of the state.”
In today’s edition of The Heartland Daily Podcast, Research Fellow Isaac Orr talks with The Daily Caller’s Michael Bastasch. Bastasch is going to be a panelist at the upcoming International Conference on Climate Change taking place in Washington D.C. on June 11 and 12. Bastasch and Orr discuss energy policy.
In response to significantly lower oil and natural gas prices, America’s energy sector is retrenching rapidly. The drilling rig count has dropped by more than 50 percent over the past year, while companies large and small have announced sizeable layoffs and cuts in their capital budgets for 2015 and 2016. Nonetheless, several states, including Pennsylvania and Ohio, are considering imposing or hiking production taxes—called severance taxes—on oil and gas operators. These increases will be in neither the public’s nor the industry’s best interests
Two technologies—hydraulic fracturing, also known as “fracking,” and horizontal drilling—have transformed the United States from an also-ran into a frontrunner in terms of energy production. These breakthroughs allow scientists to tap previously uneconomic reserves of oil and natural gas, making the United States the world’s largest producer of both vital energy sources.