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.”
Last year, when Republicans gained a decisive edge in both houses of Congress, I made predictions as to the six energy-policy changes we could expect—as the two parties have very different views on energy issues.
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.
The decades-old legislation that prevented American producers from exporting oil is officially overturned—despite previous presidential threats to veto a bill to lift the oil export ban. That’s good policy. However, to get the support of “reluctant Democrats,” The Economist reports: “an additional five years of tax credits for wind and solar power” was part of the package. That’s bad energy policy.
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.
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.
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.
As predicted, President Barack Obama on Friday, November 6, 2015, rejected the proposed Keystone XL oil pipeline from Canada in a victory for environmentalists who campaigned against the project for more than seven years. His reasons include protection of the environment, no “lasting” economic benefits for the U.S., and the current low price of petroleum.
Carbon enters Earth’s cycle of life via plants, which extract it from the rare and precious carbon dioxide plant-food in the atmosphere. Living things use this carbon, plus water, oxygen and minerals, to create the proteins, fats, carbohydrates and skeletons they need.
Enjoying low gas prices? How long will they last? In this edition of The Heartland Daily Podcast, Dr. Bud Weinstein, Associate Director of the Maguire Energy Institute and research fellow Isaac Orr talk about the Keystone Pipeline and the factors that influence the global prices of oil.
Today, in finally denying the Keystone pipeline, President Obama showed his true colors. We now know, as we’ve long believed, that those colors are the green of the anti-fossil fuel crowd, rather than the color of jobs resulting in economic growth in the hard-hit heartland of the United States.
The budget deal recently reached between the White House and Congress dramatically increases spending over the next two years, to the tune of $50 billion and $30 billion, respectively. To “pay” for that spending increase, the deal promises to—wait for it—find significant spending cuts in the future. Where have we heard that before?
In this episode of The Heartland Daily Podcast, managing editor Jesse Hathaway and Mercatus Center senior research fellow Veronique de Rugy pick through the fallout of the two-year $1 trillion budget “deal” between President Barack Obama and Congressional leaders.
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.
Roadsnacks.net recently identified its candidates for “The Ten Worst Places to Live in Illinois,” and although the article is basically infotainment—the written word’s equivalent of reality TV—and plenty of people disagree with the rankings, it does highlight an undeniable fact: The Illinois towns cited in the article suffer from high unemployment, low incomes, and high poverty rates, which in turn are associated with higher rates of robberies, theft, and even murder.
Despite the fact that the science doesn’t support the thesis, opponents of oil-and-gas extraction, like Maddow, have long claimed that the process of hydraulic fracturing is the cause of the earthquakes. Earthworks calls them “frackquakes” because the quakes, the organization says, are “fracking triggered earthquakes.”