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.
Tagged: natural gas
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.
Does fracking cause housing prices to fall? The answer to that question is more difficult that it might seem. Many anti-fracking activists have claimed oil and natural gas development has led to substantial decreases in property values in areas where drilling occurs, but other places, such as North Dakota, saw property values skyrocket during the boom in oil production.
A new study published in Environment International indicates hydraulic fracturing, commonly called “fracking,” and the heavy truck traffic that is associated with it would have a negligible impact on air quality if fracking were to be used extensively in the United Kingdom. Interestingly, the authors of the study appear to be a little disappointed with their findings, which may be why they decided to emphasize maximum exposure in a shorter timeframe in their study, rather than exposures over more realistic scenarios.
The relentless war on carbon is justified by the false assumption that global temperature is controlled by human production of two carbon-bearing “Greenhouse Gases”. The scary forecasts of runaway heating are based on complicated but narrowly-focussed carbon-centric computerised Global Circulation Models built for the UN IPCC. These models omit many significant climate factors and rely heavily on dodgy temperature records and unproven assumptions about two trace natural gases in the atmosphere.
In today’s edition of The Heartland Daily Podcast, Charles Steele, the Herman and Suzanne Dettwiler Chair in Economics at Hillsdale College in Michigan, joins Managing Editor of Environment & Climate News H. Sterling Burnett. Steele joins Burnett to talk about research he conducted showing the benefits of increased natural gas supplies to the farm economy.
Hillary Clinton’s “trustworthiness” problem is fed by a long history of “varying credibility,” as a recent Politico story delineated, including cattle-futures trading, law firm billing records, muddled sniper fire recollections and e-mail use.
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.
Researchers have found that some buyers are willing to pay for environmentally friendly products because those products are “status symbols.” A report in the Atlantic states: “Environmentally-friendly behaviors typically go unseen; there’s no public glory in shortened showers or diligent recycling. But when people can use their behavior to broadcast their own goodness, their incentives shift. The people who buy Priuses and solar panels still probably care about the environment—it’s just that researchers have found that a portion of their motivation might come from a place of self-promotion, much like community service does good and fits on a résumé.”
Separating reality from ideology and political agendas is difficult, but essential, if we are to revitalize our economy and help the world’s poorest families take their rightful places among Earth’s prosperous people. Energy reality is certainly in our favor. But ideological forces are powerful and persistent.
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.
Democratic presidential candidate Bernie Sanders has often talked about his desire for the United States to emulate the socialist welfare states of Denmark, Norway, and Sweden by providing free college and health care and expanding Social Security. Sanders also wants to ban oil, natural gas, and coal production on lands owned by the federal government, and he has called for a ban on hydraulic fracturing, which has dramatically increased production of oil and natural gas in the United States.
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.”
President Reagan once said, “The nearest thing to eternal life we will ever see on this earth is a government program.” The omnibus budget package being negotiated on Capitol Hill is a perfect example.
President Barack Obama put the final nail in the Keystone XL Pipeline’s coffin by formally rejecting the permit for the transnational pipeline that would have carried crude oil produced in Canada south to refineries on the Gulf Coast. The president’s decision was not based on science but on politics, predicated specifically on political posturing for the COP-21 climate conference in Paris, France.
It is important to note that falling oil prices create economic costs as well as benefits. But The Badger Herald article would have benefited from a discussion of the good that comes from lower prices, and it relies on a quote from Bill Davis of the Wisconsin Sierra Club that presents some inaccurate statements about the environmental impact of hydraulic fracturing.
Thanksgiving is nearly upon us, and many of us will spend time with our families eating too much food and strategically waiting for couch spots to open up so we can sneak in a quick catnap when our unsuspecting relatives abandon their posts for another slice of pie. It’s a time when we are thankful for the friends, family, and food. We should also be thankful for fracking. Although many people may not know it, fracking has lowered the cost of energy and other goods and services, makes America more energy-independent, and it is done in an environmentally responsible way.
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.