All of us loved paying less than $2 a gallon at the pump. AAA reports: “Americans paid cheapest quarterly gas prices in 12 years”—which resulted in savings of nearly $10 billion compared to the same period last year. However, oil (and, therefore gasoline) has been creeping upward since the February low—topping $45 a barrel, a high for the year. And that could be a good thing.
Without presenting it to the US Senate, as required by the Constitution, President Obama has signed the Paris climate treaty. He is already using it to further obligate the United States to slash its fossil fuel use, carbon dioxide emissions and economic growth … control our lives, livelihoods, living standards and liberties … and redistribute our wealth. Poor, minority and working class families will suffer most.
Why would a public research university boasting a top-100 geology program deliberately hide its work? Because, as lead researcher Amy Townsend-Small explained, “our funders, the groups that had given us funding in the past, were a little disappointed in our results. They feel that fracking is scary and so they were hoping our data could point to a reason to ban it.”
Environmental issues were discussed in detail at a recent Democratic debate, held in in Flint Michigan on March 6. Sadly, when asked whether the candidates support hydraulic fracturing, also known as “fracking,” a technique that has greatly increased oil and natural gas production in the United States, former Secretary of State Hillary Clinton and current U.S. Sen. Bernie Sanders (I-VT) showed they are both fracking clueless.
In today’s edition of the Heartland Daily Podcast, Heartland Science Director Jay Lehr joins host H. Sterling Burnett to talk about the abundant supply of oil and gas that exists due to fracking and in the future, Shale rock development and methane hydrates.
“We can’t just drill our way to lower gas prices,” President Obama told an audience four years ago at the University of Miami. Like this year, it was an election year and Obama was running for re-election. Later in his speech, he added: “anybody who tells you that we can drill our way out of this problem doesn’t know what they’re talking about, or just isn’t telling you the truth.”
Many energy-producing states are currently struggling in the wake of falling oil and natural gas prices. Thousands of people are losing their livelihoods in the energy sector, and lower severance tax payments are projected to produce numerous state budget shortfalls, which could end up reducing state spending on social programs.
Fracking has dramatically lowered the cost of gasoline and natural gas, giving single people more resources to find a potential partner and relieving financial tension for people in established relationships. Who knows how many eHarmony accounts have been funded with cash left over from cheap fill-ups and how many divorce lawyers were never hired when suddenly making ends meet became less of a struggle.
The campaign is about all fossil fuels: oil, gas, and coal. Instead of an “all of the above” energy policy, when it comes to fossil fuels, they want “none of the above.” A big part of the effort is focused on preventing the extraction of fossil fuels on public lands—which is supported by presidential candidates Senator Bernie Sanders and Secretary Hillary Clinton. The recent moratorium of leasing federal lands for coal mining, announced by Secretary of Interior Sally Jewell, is considered a great victory for “keep it in the ground.”
Dangerous manmade global cooling, global warming, climate change and extreme weather claims continue to justify what has become a $1.5-trillion-per-year industry: tens of billions spent annually on one-sided research and hundreds of billions sent to crony corporatists to subsidize replacing dependable, affordable carbon-based fuels with unreliable, expensive “renewable” energy.
Environmentalists like a good crisis. Spreading fear is a proven fundraising technique—with manmade climate change as the fear du jour. But, back in 2005, the “looming crisis,” according to the Kansas Sierra Club, was the end of cheap oil. The post concludes: “The end of cheap oil, followed by the end of cheap natural gas, threatens to cripple strong economies and devastate weak ones.” The author posits: “The world burns oil faster than new oil is discovered.”
America has the resources to be the world’s number one producer of oil, natural gas, and coal. The development of these mighty energy industries would be the backbone of renewed booming economic growth and prosperity for the United States.
For years, water, or, more accurately, its scarcity, has been predicted to be the next doomsday scenario. In 1994, the American Philosophical Society published a book bearing the title: Is water our next crisis? In 2007, NBC featured: Crisis feared as U.S. water supplies dry up. More recently, in 2011, NPR did a story on Water: The Epic Struggle for Wealth, Power and Civilization—a new book in which the author posits: “water is surpassing oil as the world’s scarcest critical resource.” This year, a Business Insider (BI) report called “water scarcity problems” a “looming national issue.” In September, the Associated Press declared: “The water crisis is already here.”
Some people incorrectly think hydraulic fracturing — fracking — is responsible for the increase in earthquake activity in Oklahoma and Texas. Scientists, however, believe the quakes are caused by the use of underground injection wells to dispose of oil and gas wastewater. The increase in tremors spurred a coalition of scientists, regulators, industry experts and environmentalists to produce a 148-page report exploring why these earthquakes are occurring and how to prevent future incidents.
Campaigning in San Francisco during the Democrat Party primaries in January 2008, Presidential Candidate Obama told the San Francisco Chronicle editorial board, “So if somebody wants to build a coal-powered plant they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.” Carbon dioxide from burning coal, and other fossil fuels, is falsely claimed to cause catastrophic climate change (global warming).
Early in his campaign, now top-tier Republican presidential candidate, Ben Carson, supported ethanol—a position for which I called him out. It has long been thought, that to win in Iowa, a candidate must support ethanol.
On October 5, 2009, President Obama issued an executive order, FEDERAL LEADERSHIP IN ENVIRONMENTAL, ENERGY, AND ECONOMIC PERFORMANCE, that sneak-previewed policies toward reducing greenhouse gas (GHG) emissions for the rest of his time in office. The 15-page executive order, divided into 20 sections, provided strict guidance for all agencies in the executive branch and their interactions with outside organizations. Portions of the executive order follows:
In today’s edition of the Heartland Daily Podcast, Michelle Smith, organic farmer and expert in royalties law joins Research Fellow Isaac Orr to discuss what royalties are, the impact they have on local economies, and how they help families chase their dreams of financial stability.
Gasland was many Americans’ first exposure to hydraulic fracturing, and the film sparked anti-fracking organizations around the country. These activist groups used the film in efforts to convince people that fracking is responsible for a whole host of environmental problems, including contaminated water supplies, overuse of water, and even earthquakes.