The reason most often cited for the success of the nonpolitical candidates is the frustration with Washington; the sense that the system is broken. Voters feel that we have no control and that government has gone wild. Even people who don’t watch the news or closely follow politics are aware of the “overreach.” It seems that, perhaps, the messages the outsiders have been heralding on the trail has caught on.
The world has changed. Although few yet understand it, the revolution in the production of oil and natural gas from shale has altered the course of global energy, affecting most of the world’s people. This is not a short-term event. Citizens, industries and nations will be impacted for decades to come.
President Barack Obama recently made headlines in Nevada by promoting the “progress” his administration has made in promoting solar power and fighting climate change. Most media outlets conveniently forgot to mention one crucial fact: Without government mandates, subsidies, and sweetheart deals, the sun would quickly set on Obama’s solar empire.
Losing the climate science battle, climate alarmists want government to silence skeptics. They haven’t employed the thumb screws, rack or auto-da-fe that churches and states once used to interrogate, silence and eliminate heretics and witches. However, global warming alarmists are well practiced in the modern equivalents, to protect their $1.5-trillion Climate Crisis Industry.
Multi-well drilling and walking rigs have become important because the fracking revolution has dramatically changed the way we produce oil and natural gas over the past 10 years. Unlike conventional oil and gas production, which takes place in permeable rock formations such as sandstone, fracking develops oil and gas from shale, which requires fracking. Multiple wells must be drilled in different directions to tap these resources from the rocks below.
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with E. Cal Beisner of the Cornwall Alliance. Beisner joins Burnett to discuss the nexus between ethics and environment issues and where he believes Pope Francis has gone wrong.
Congress has taken action that actually advances free markets and limits government intrusion. I was in the room when, on September 17, the House Energy and Commerce Committee—with bipartisan support—advanced legislation to lift the 1970s-era ban on crude-oil exports. HR 702, “To adapt to changing crude oil market conditions,” is expected to receive a full floor vote within a matter of weeks.
Germany and the United States are embarking on two drastically different energy policies, and these countries are reaping dramatically different results. In Germany, the government devised a top-down plan called Energiewende, a term meaning “turn” or “revolution,” intended to make Germany the renewable-energy center of the world. The United States has experienced its own energy revolution thanks to hydraulic fracturing, also known as “fracking,” which has transformed our nation into the largest producer of oil and natural gas in the world in spite of, not because of, the federal government.
In today’s edition of The Heartland Daily Podcast, research fellow Isaac Orr speaks with Katie Brown. Brown is a contributor to the Energy In Depth blog – a publication which focuses on “getting the facts out about the promise and potential of responsibly developing America’s onshore energy resource base.” Brown joins Orr to discuss the Obama administration’s new regulations which seek to reduce methane emissions.
“Whether you support this deal or not, we can all agree that America’s commitment to Israel remains unshakeable. And we will continue—Democrats and Republicans united—to stand with Israel,” says a statement from Senator Brian Schatz (D-HI). Yet, despite widespread opposition from Israel and pro-Israel groups, Schatz, and almost all his fellow Jewish Senators and Representatives, supported the Iran nuclear deal that appears to be done.
A little more than a year ago, oil prices were above $100 a barrel. The national average for gasoline was in the $3.50 range. In late spring, oil was $60ish and the national average for gas was around $2.70. The price of a barrel of oil has plunged to $40 and below—yet, prices at the pump are just slightly less than they were when oil was almost double what it is today.
In a recent article promoting his Protect Our Public Lands Act, Rep. Mark Pocan (D-Wis.) argues the government should ban hydraulic fracturing on public lands. Pocan cites concerns about potential environmental and economic impacts of horizontal hydraulic fracturing, also known as “fracking,” and raises concerns about fracking in national parks. The article has critical shortcomings regarding the environmental and economic impacts of fracking, and it misrepresents oil and gas activity in national parks.
The solar industry is jubilant over President Obama’s Clean Power Plan, released in its final form on Monday, August 3. The same day, however, some other news reminded the public of what happens when government policy mandates and incentivizes a favored energy source: Taxpayer dollars are gobbled up and investors lose out.
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.
Sand from the upper Midwest is coveted for hydraulic fracturing. It is the right size, shape and cleanness (almost pure quartz). It is also highly resistant to crushing under immense pressure, acting as a network of pillars (think of the Parthenon) keeping open the tiny fissures made in the rock in the process of hydraulic fracturing, allowing the oil and natural gas to flow up from the rock deep underground.
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.