Natural Gas
Agriculture
California global warming law choking food processors
As California’s unemployment rate hovers above 12 percent, even the state’s Democratic leaders – notorious for regulating, taxing and complaining about California’s business community – are talking about jobs. They are championing the occasional job expansion in Silicon Valley (i.e., a new Dell research and development center) and proposing their ...
Business & Economics
Unfounded fears threaten energy success story
Researchers at MIT recently forecast that natural gas production from five American shale reserves would double in five years and triple in 20. These U.S. sources of gas can transform America’s energy outlook, provided lawmakers don’t interfere with the process. Shale formations created from sea basins millions of years ago ...
Business & Economics
Was Obama’s Strategic Petroleum Reserve release the best way to lower gasoline prices?
On June 23, the Obama administration, in conjunction with other governments, announced a plan to release a total of 60 million barrels of oil from strategic oil reserves in the U.S. and other countries, at a rate of 2 million barrels per day for 30 days. That day, oil prices ...
Business & Economics
The Truth About Energy Profits
America’s largest oil and natural gas companies recently reported quarterly earnings, and as expected, profits were up. But the caricature of fat-cat energy executives lining their pockets at the expense of the everyman doesn’t hold up to scrutiny. ExxonMobil posted quarterly earnings of $10.7 billion on Thursday, up 69 percent ...
Business & Economics
Bashing Oil Industry is Counterproductive
In a recent speech, President Obama set a goal to reduce America’s oil imports by a third by 2025 — about 3 million to 4 million barrels a day. Unfortunately, Obama’s own energy policies undercut his goal. To reduce America’s dependence on foreign sources, domestic energy producers will need to ...
Business & Economics
Deal with it: We’ll need oil, gas for decades
Oil prices climbed back over $100 per barrel last week. When news like this breaks, pundits and policy wonks on both sides of the political spectrum argue we should depend less on oil and natural gas. But nobody has a believable plan to get there because of economic realities. If ...
Business & Economics
Obama should abandon energy fables and deal with facts
After a bruising battle over cap and trade last year, President Obama has set his sights on another target — oil and natural gas companies. Vilifying “big oil” might be good politics, but it’s bad policy. If we’re going to get serious about energy solutions, we first need to separate ...
Commentary
Sustaining Environmental Quality and Economic Growth
A few weeks ago, the Environmental Protection Agency (EPA) revoked a permit for one of the largest mountain-top coal mining projects in the United States. That left West Virginia’s politicians up in arms over what they consider major regulatory overreach by the federal government. The action also highlighted key issues ...
Business & Economics
Democrats picking on oil companies
SACRAMENTO – Legislators are more than six weeks past the constitutional deadline for passing a state budget, yet the state’s majority Democrats last week weren’t even holding budget hearings. Why bother? The state is $19 billion in the red, but the two sides aren’t even close to coming to terms. ...
Business & Economics
More regulators is the wrong fix
The BP oil spill has prompted calls for more federal regulatory power. Yet the behavior of the federal bureaucrats who were supposed to prevent this type of disaster provides no reason to expect better outcomes with more bureaucracy. The Minerals Management Service was the Interior Department agency responsible for regulation ...
California global warming law choking food processors
As California’s unemployment rate hovers above 12 percent, even the state’s Democratic leaders – notorious for regulating, taxing and complaining about California’s business community – are talking about jobs. They are championing the occasional job expansion in Silicon Valley (i.e., a new Dell research and development center) and proposing their ...
Unfounded fears threaten energy success story
Researchers at MIT recently forecast that natural gas production from five American shale reserves would double in five years and triple in 20. These U.S. sources of gas can transform America’s energy outlook, provided lawmakers don’t interfere with the process. Shale formations created from sea basins millions of years ago ...
Was Obama’s Strategic Petroleum Reserve release the best way to lower gasoline prices?
On June 23, the Obama administration, in conjunction with other governments, announced a plan to release a total of 60 million barrels of oil from strategic oil reserves in the U.S. and other countries, at a rate of 2 million barrels per day for 30 days. That day, oil prices ...
The Truth About Energy Profits
America’s largest oil and natural gas companies recently reported quarterly earnings, and as expected, profits were up. But the caricature of fat-cat energy executives lining their pockets at the expense of the everyman doesn’t hold up to scrutiny. ExxonMobil posted quarterly earnings of $10.7 billion on Thursday, up 69 percent ...
Bashing Oil Industry is Counterproductive
In a recent speech, President Obama set a goal to reduce America’s oil imports by a third by 2025 — about 3 million to 4 million barrels a day. Unfortunately, Obama’s own energy policies undercut his goal. To reduce America’s dependence on foreign sources, domestic energy producers will need to ...
Deal with it: We’ll need oil, gas for decades
Oil prices climbed back over $100 per barrel last week. When news like this breaks, pundits and policy wonks on both sides of the political spectrum argue we should depend less on oil and natural gas. But nobody has a believable plan to get there because of economic realities. If ...
Obama should abandon energy fables and deal with facts
After a bruising battle over cap and trade last year, President Obama has set his sights on another target — oil and natural gas companies. Vilifying “big oil” might be good politics, but it’s bad policy. If we’re going to get serious about energy solutions, we first need to separate ...
Sustaining Environmental Quality and Economic Growth
A few weeks ago, the Environmental Protection Agency (EPA) revoked a permit for one of the largest mountain-top coal mining projects in the United States. That left West Virginia’s politicians up in arms over what they consider major regulatory overreach by the federal government. The action also highlighted key issues ...
Democrats picking on oil companies
SACRAMENTO – Legislators are more than six weeks past the constitutional deadline for passing a state budget, yet the state’s majority Democrats last week weren’t even holding budget hearings. Why bother? The state is $19 billion in the red, but the two sides aren’t even close to coming to terms. ...
More regulators is the wrong fix
The BP oil spill has prompted calls for more federal regulatory power. Yet the behavior of the federal bureaucrats who were supposed to prevent this type of disaster provides no reason to expect better outcomes with more bureaucracy. The Minerals Management Service was the Interior Department agency responsible for regulation ...
