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 The outdated export ban puts U.S. oil producers at a competitive disadvantage with other countries, and may actually serve to increase gas prices at the pump.
The wheels of reform move slowly, but on July 15, the first international investors put their toes in the shallow water of Mexico’s oil prize—which could be “as big as the proven reserves of Kuwait.” The Financial Times (FT) calls Mexico’s potential 107.5 billion barrels of oil: “quite a feast.” FT adds: “The country is viewed as one of the dwindling number of opportunities to add substantial reserves to portfolios after several years when the oil majors have struggled to make big discoveries.”
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.
Congress concocted the mandates over fears that US gasoline demand would rise forever and keep the United States dependent on foreign oil, as America’s supposedly limited reserves were depleted. The mandates currently require that we blend 15 billion gallons of ethanol with gasoline every year, and produce over a billion gallons of biodiesel. They hammer us consumers every time we fill our tanks.
The fuel is now loaded into the reactor, following inspections, the switch will be flipped and, around August 10, the reactor will be fired up. Three days later, transmission of electricity is expected to start, ramping up to full power and commercial operation in September. The same process is expected to take place at a second reactor in September/October.
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Amanda Maxham. Maxham, a writer and research associate at the Ayn Rand Institute, is a physicist who became a policy wonk. Maxham joins Burnett to discuss how alarmism regarding climate and science is preventing society from thriving.
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.
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Mark Mills. Mills, a senior fellow at the Manhattan Institute, has a background in science and actively works in economics and technology. Mills and Burnett discuss his Tenth International Conference on Climate Change (ICCC-10) presentation: Shale 2.0.
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.
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.
Alt-energy/transport-tech CEO Elon Musk and his trio of companies (Tesla, SolarCity and SpaceX) didn’t cooperate with the Los Angeles Times on its article that tabulated his businesses’ whopping sum of corporate welfare ($4.9 billion), and he was predictably miffed by the (accurate) portrayal.
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 today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Gary Stone. Stone is vice-president of engineering at FiveStates Energy in Dallas. In this podcast, Stone discusses the economic and political challenges that face the modern oil and gas industry.
Even with prices 40 percent lower than a year ago, we remain the world’s No. 1 producer of crude oil and other liquid hydrocarbons. Imports of oil have dropped from 60 percent of consumption to about 35 percent just in the past five years. We’re also the world’s largest producer of natural gas.
In today’s edition of The Heartland Institute Daily Podcast, Research Fellow Isaac Orr speaks with Jessica Sena. Sena is the communications director at the Montana Petroleum Association. In this podcast, Sena gives listeners an inside look at what is happening in the Bakken region of North Dakota and Montana.
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 a March 12 address to the Atlantic Council in Washington, D.C., Secretary of State John Kerry warned that climate change outranks terrorism, epidemics and poverty as the worst threat facing the world today. Our only salvation, he asserted, lies in an energy policy that replaces fossil fuels with solar, wind and other “clean energy.”