energy

The geopolitics of oil a game of Roulette

March 31, 2015
By
Roulette wheel

Many complicated factors contribute to the global price of a barrel of oil, but two of the leading components are supply and risk—and both have the potential to escalate in the days ahead. The current region-wide sectarian war could easily bump oil prices up dramatically. And, the expected nuclear deal with Iran could drop them—dramatically. Oil price predictions today play like a game of roulette, or a carnival barker of days gone by, round and round it goes, where she stops, nobody knows. A few weeks ago, addressing the need to open up access to mid-Atlantic oil resources, I wrote:…

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Oil and gas exports—a boon if government would step aside

March 24, 2015
By
Energy - Export

“Businesses that sell to foreign markets put more people to work in high-quality jobs, offering more Americans the chance to earn a decent wage,” claimed the Obama administration’s Secretary of Commerce Penny Pritzker in a March 18 Wall Street Journal (WSJ) opinion piece. She makes a strong case for U.S. exports: “jobs in export-intensive industries pay up to 18% more than jobs not related to exports.” Her premise is: “The U.S. economy ended 2014 on the uptick, and exports added to the momentum.” Noticeably absent is any mention of the potential for “high-quality jobs” and economic “uptick” that would come from…

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Mitch McConnell to US governors: Do my job for me

March 23, 2015
By
Mitch McConnell Chicken Lineup

Well, here’s a little insight into the true lack of leadership we get from Gutless On Principles (GOP) Hall of Shame member Sen. Mitch McConnell (R-INO KY). In his latest display of fecklessness, Mitch wrote a letter to U.S. governors instructing them that they would be on firm legal footing and would not be violating the law if they refused to formulate plans to implement the Environmental Protection Agency’s (EPA) carbon limits. The EPA is requiring states to use various measures, like improving the efficiency of power plants and reducing power demand, to meet individual emission targets that the EPA calculated…

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Mid-Atlantic energy resources advance long-term energy security

March 17, 2015
By
logo

At the end of January, the Obama administration announced the next step in a long process that could result in the exploration and ultimate extraction of oil-and-gas resources of the U.S. mid-Atlantic—something the Outer Continental Shelf (OCS) Governors Coalition supports. On March 30, the 60-day comment period ends. If everything goes well, we could see new American resources on the market in twenty years. With the current oil oversupply, it may seem like an odd time to be going after more. However, the legal wheels that could allow limited access to the vast, untapped oil resources move very slowly. Today’s…

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Solar Power propaganda vs. the real world

March 10, 2015
By
Solar energy shovel ready

When a former “senior communications official at the White House” writes a blog post for U.S. News and World Report, you should be able to trust it. But when the author states that the Keystone pipeline would create only 19 weeks of temporary jobs, everything else he says must be suspect—including the claim that our “energy infrastructure will be 100 percent solar by 2030.” Both a union representative and one from TransCanada—the company behind the Keystone pipeline—affirmed that the 19-week timeframe was total fantasy. The portion of the Keystone pipeline that remains to be built is 1179 miles long. Construction…

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