The president summarized his strange dilemma as follows: “[Keystone] could create a couple of thousand potential jobs in the initial construction of the pipeline, but we’ve got to measure that against whether or not it is going to contribute to an overall warming of the planet that could be disastrous.”
Epstein points out the development and use of fossil fuels has benefitted the poor far more than the rich, making available to the person of average means, food, goods and services which even the rulers of old could hardly dream of. Fossil fuels grant freedom and free up time.
One-and-a-half million to 2 million men and women served in America’s defense during the Global War on Terror. According to the U.S. Department of Veterans Affairs, 250,000 service members enter civilian life each year—and that number will rise with the drawdown of soldiers from Afghanistan. As troops return home, they face a new fight: finding a job in a competitive labor market that doesn’t understand how their military experience translates into employees with discipline, organization, and motivation.
The ballots have been counted and the winners declared, but perhaps most important of all, the campaign ads are over. Ads for candidates, ballot measures, and specific issues monopolized commercial slots over the past few months. One of the most important issues this election cycle was energy development, especially as it pertains to hydraulic fracturing, also known as “fracking.”
The North Dakota oil boom is over. At least that was one of the recurring talking points at the North Dakota Petroleum Council’s (NDPC) annual meeting in Dickinson, North Dakota about a month ago. As the oil field has matured, life in the Bakken has started to become “more normal.” This shift has caused policymakers and local residents to change the way they talk about economic growth; as the boom has turned to bustle, the term “boom” has been replaced by “sustained growth.”
With recent news about Burger King and medical device manufacturer Medtronic relocating their headquarters outside of the United States to avoid high corporate taxes, the subject of corporate inversions has been a big topic of discussion in the media. While President Obama and the Treasury Department condemn these moves and construct roadblocks to prevent inversions, they fail to see the reasons that drive these corporations overseas.
British journalist Tim Montgomerie wrote October 18, 2014 for The Times “Our energy policy is insane: this the inconvenient truth”. The article described the plight of those in the United Kingdom saddled with energy policies that takes money from poor pensioners and gives it to wealthy landowners who profit from wind farms.
After years of rising gasoline prices, people are puzzled by the recent drop that has a gallon of gas at levels not seen in nearly four years. Typically in times of Middle East unrest, prices at the pump spike, yet, despite the violence in Iraq and Syria, gallon of gas is now at a national average of $3.
A new report from the Government Accountability Office (GAO) confirms what many small-government environmentalists have been saying for years: States are more effective at regulating the disposal of wastewater from hydraulic fracturing operations than is the Environmental Protection Agency.
The September 24, 2014 New York Times (NYT) had an article by reporter Gail Collins “Florida Goes Down the Drain—The Politics of Climate Change”. A more inflammatory title for the same article appeared in the September 27, 2014, The Atlanta Journal-Constitution as “Florida soggier as GOP ignores climate change”. Reading the articles shows the obvious intent to inject climate change into the November Florida elections—in particular the Governor’s race between incumbent Republican Governor Rick Scott and Democrat candidate Charles Crist. Ms. Collins portrays Governor Scott as uninformed about climate change issues with regard to sea level rise.
Thanks mainly to the shale revolution, oil production in the U.S. hit a 28-year high last month while imports were at their lowest levels since 1995. Consequently, prices have fallen 15% since June, and Saudi Arabia has cut production by 400,000 barrels a day — providing further evidence that OPEC no longer has the power to set prices.
This has been a week of eco-propaganda on a global scale. On Sunday there were “Climate Marches.” On Tuesday there will be a UN “Climate Summit”, and there will likely be an avalanche of nonsense in the media intended to make us believe we have control, influence, or impact on the climate when it is obvious to the rest of us that we—the human race—have none.
Hydraulic fracturing, also known as “fracking,” is a technique for recovering oil and natural gas from shale rock formations once too costly to develop. The use of fracking is sweeping the nation, resulting in a surge in production that has made the U.S. the single-largest producer of both oil and natural gas in the world, a feat that was unthinkable just a decade ago.
President Obama, and his administration, has enacted so many foolish and cost-increasing energy policies, it is easy to think that they are his purview alone. But in 2007, Republicans were just as guilty. Seeds were planted and a garden of bad legislation took root in a totally different energy environment. At the time, the growth seemed like something worthy of cultivation. However, what sprouted up more closely resembles a weed that needs to be yanked out.
Panel 8 of the 9th International Conference on Climate Change was on the subject of “Costs and Benefits of Renewable Energy.” The panel was focused on the subject of renewable energy, specifically the high cost and potentially devastating economic consequences produced by the federal government’s efforts to replace the current energy sources with renewables.
Despite a slight contraction during the first quarter of this year, the American economy has been expanding slowly but steadily since the end of the “Great Recession.” And America’s newfound[…]
So much blood and treasure was wasted during the long occupation in Iraq that there was a sigh of relief across America when the troops finally left. Yet the end of the American presence has resulted in chaos. Islamist extremists in recent days have been making gains against the Iraqi military, seizing several towns, including the city of Mosul. The sheer rapidity of the collapse of law and order in Iraq led to a lot of hand-wringing in the White House. President Obama finally decided to send a few hundred troops to bolster the beleaguered regime of Prime Minister Nouri al-Maliki. This choice will only serve to further diminish the status of the United States in the region.
While we weren’t paying attention, post-war Iraq grew into a major force in the global oil market. Reaching a 30-year high, its production and exports have climbed steadily since 2011—making Iraq the second largest producer in OPEC, the seventh globally. The International Energy Agency (EIA) has forecast that Iraq has the fifth-largest proven oil reserves.
Several Hollywood elites were recently caught red-handed on videotape, agreeing to take money from a Middle Eastern oil sheikh for another anti-fracking movie. Their actions were shameful, but they felt no shame – only anger at the folks who caught them in the act. Indeed, the ironies are matched only by their hypocrisy and disdainful disregard for the consequences of their anti-fracking fervor.
U.S. oil and natural gas production has skyrocketed in recent years thanks to hydraulic fracturing, a technology that allows engineers to access deep-underground resources from rock formations once too expensive to develop. This technology has made the United States the largest producer of natural gas in the world and on track to surpass Saudi Arabia as the leading producer of oil by 2015. The entire U.S. public benefits from this inexpensive domestic source of fuel.