Tag Archives: drilling

Uranium Energy Corp Acquires Major South Texas Uranium Exploration Database

CORPUS CHRISTI, TX, Aug. 31, 2011 /PRNewswire/ – Uranium Energy Corp (NYSE-AMEX: UEC, “UEC” or the “Company”) is pleased to announce that it has entered into a definitive purchase and sale agreement with Uranium One Inc. which provides for the acquisition by the Company of a South Texasuranium database package (the “Database”) from Uranium One.

This strategic Database is to be acquired for a value of $900,000, comprised of $400,000 in cash and 159,236 common shares of the Company at a price of $3.14, and will significantly advance the Company’s ongoing exploration efforts in South Texas.  The Database contains over 40 uranium targets that the Company plans to evaluate.

The Database is an evaluation of the uranium potential within the Goliad Formation located along the South Texas Uranium Belt, an area extending from south of Houston to the Mexican border.  The Company’s Palangana, Goliad, Salvo and Nichols projects are all within the Goliad Formation.  The study encompasses an area approximately the size of Pennsylvania.

Amir Adnani, President and CEO, stated, “UEC’s Hobson processing plant forms the basis of our regional production strategy in South Texas and is located in the area of study, making this Database particularly useful for us. UEC is incorporating this Database and the associated acquisition and exploration targets into its ongoing efforts to develop additional uranium sources for processing at the Hobson plant.”

The acquisition of this data fits into Uranium Energy Corp’s strategy of targeting properties for acquisition that have already been the subject of significant exploration and development by senior energy companies in the past.

The Database includes raw and interpreted data compiled and updated by Total Minerals, including logs from Mobil Oil Corporation’s uranium division (Mobil) from the mid-1980’s. Specifically, the Database contains:

  • 4,894 South Texas uranium logs – 2.8 million feet of drilling
  • 13,882 South Texas oil and gas logs – 41.6 million feet
  • Data on +40 uranium targets to be evaluated
  • 752 maps and sections across South Texas
  • 103 reports and analyses documenting the Study

In 1993, Total Minerals was succeeded in ownership of U.S. uranium properties and facilities, including the Christensen-Irigaray property, by Cogema. Cogema was later superseded by AREVA. Uranium One obtained the Database as part of its recent acquisition of the Christensen-Irigaray ISR projects from AREVA.


White House Nominates Gulf Coast Fund Director as ‘Champion of Change’

NEW ORLEANS, July 18, 2011 — LaTosha Brown, Director of the Gulf Coast Fund for Community Renewal and Ecological Health (http://gulfcoastfund.org), has been nominated as a “Champion of Change” by the White House for her work to help the Gulf Coast recover from the BP drilling disaster. The Gulf Coast Fund is a community-led philanthropy working towards a just and sustainable Gulf Coast region that funds and supports over 200 grassroots organizations.
“Champions of Change” is a special series at the White House that profiles Americans from across the country who are doing extraordinary things in their communities to out-innovate, out-educate and out-build the rest of the world. To learn more about the Champions of Change program visit: http://www.whitehouse.gov/champions.
“I am honored to receive this recognition from the White House on behalf of the Gulf Coast Fund and its partners. I am also grateful for the opportunity to highlight the accomplishments of our grantees across all five Gulf Coast states,” declares LaTosha Brown, recipient of the “Champion of Change.”
In addition to being formally recognized at the White House on July 19th, Ms. Brown will also participate in the Gulf Coast Sustainable Economies Roundtable. The purpose of this roundtable discussion is to share best practices and connect local leaders with the Federal resources they need to succeed. Additional meetings are also being organized by the U.S. Departments of Energy and Commerce.
The Gulf Coast Fund for Community Renewal and Ecological Health is a vital resource for grassroots organizations throughout all five Gulf Coast states, distributing over $4,000,000 to date in grants. The Gulf Coast Fund supports projects that strengthen and amplify community organizing, address social justice concerns, build movement, and create a just and sustainable future for the region. Founded in 2005 after hurricanes Katrina and Rita, the Gulf Coast Fund is the only regional philanthropic initiative that is run collaboratively with Gulf Coast communities, focused on all five Gulf Coast states, and led by respected advocates and grassroots organizers from across the region.

The 5-19 Show: Money for Nothing

Show Time: Thursday May 19th, 7pm pacific, 8pm Mountain, 9pm Central, 10pm Eastern

Tune In: Plain, Hard Truth Internet Radio

Call in: Be part of the program – call in to the show: (424) 220-1807

Guests: Nicole Pearce and Andrew Starosky from Truth About Bills.

Show Topics: Join Michelle and Rich as they discuss the IMF, if internet currencies can survive and Obama’s sudden new fascination with Oil

Recording of the Show:

Listen to internet radio with Rich Mitchell on Blog Talk Radio

Links from the Show:

CEPR Warns of Dangers of IMF Resurgence

Hear recordings of past shows: CDN On-Air Archives

Political Cartoon - A.F. Branco - Drillin' for Votes

Democrats Love Affair With Big Oil

Debbie-Wasserman-Shultz-loves-big-oilRecently Debbie Wasserman Shultz (D-Fl), who also happens to be the new head of the DNC, was on Fox News with some astounding revelations that Democrats have really concentrated on oil production recently. This comes from a woman who has voted against every single aspect of domestic oil exploration and development for the past decade in Congress ! While statistics do show that there has been a recent uptick in U.S. oil production in the last two years, the reasons behind this uptick are anything but the results of the Democratic Socialist Party  heaping huge amounts of love upon big oil companies all of a sudden. As a matter of fact, just the opposite is true. Just last month the Democratic message about slowing the skyrocketing prices of gasoline was that it takes ten years to develop new oil deposits and extract them, so it is not their fault we are now seeing four dollar a gallon gasoline. Today the message has been reversed by the DNC, as they try to stake claim for the 2009-2010 slight increase in domestic oil production today. Just watch the lies and misinformation roll off of the tongue of the new DNC propaganda mistress here in the following video.

First of all, U.S. oil production has been in a steady decline since 1986, when we were producing approximately nine million barrels of oil a day, down to approximately five million barrels a day in 2008. This is due to such things like environmental activist groups pushing the green agenda with the help of the very same Democratic party’s support that Wasserman Shultz is now the chair of. Throw in the bi-partisan support of the progressive RINOS of the Republican Party of the past two decades, and we lost a total of four million barrels of domestic oil production a day, for the past twenty-three years! In the above video, take note of Wasserman Shultz’ play on words there when she says the Democrats have worked hard to give us the “recent” increase of oil production. Recent, as in the past two years, when we have increased our oil production from the low point of five million barrels a day up to… five and a half million barrels a day. That still leaves us with a deficit of four and a half million barrels of oil a day from our production levels of 1986. Do the math, and you will find out that it is still a hell of a lot of lost oil production over the past twenty five years! 365 days a years, times 4.4 million barrels of oil, then multiply that total by 25, and you will see just how much we lost out on, and how that forces our massive continued dependency on the very same Foreign oil that Democrats say we need to wean ourselves from, while they continue to push the unrealistic green agenda of today.

Wasserman Shultz voting record shows us just how hard she has worked to increase ( not) our domestic oil production. From Energy and Oil – Florida politics :

  • Voted YES on enforcing limits on CO2 global warming pollution. (Jun 2009)
  • Voted YES on tax credits for renewable electricity, with PAYGO offsets. (Sep
    2008)
  • Voted YES on tax incentives for energy production and conservation. (May
    2008)
  • Voted YES on tax incentives for renewable energy. (Feb 2008)
  • Voted YES on investing in homegrown biofuel. (Aug 2007)
  • Voted YES on criminalizing oil cartels like OPEC. (May 2007)
  • Voted YES on removing oil & gas exploration subsidies. (Jan 2007)
  • Voted YES on keeping moratorium on drilling for oil offshore. (Jun 2006)
  • Voted NO on scheduling permitting for new oil refinieries. (Jun 2006)
  • Voted NO on authorizing construction of new oil refineries. (Oct 2005)
  • Establish greenhouse gas tradeable allowances. (Feb 2005)
  • Rated 100% by the CAF, indicating support for
    energy independence. (Dec 2006)

Since Wasserman-Shultz is the new chair of the DNC, let’s put Senator Bill Nelson’s D-Fl) record up here for all to see also, since they are the two most powerful Florida politicians representing the Socialist Democratic Party up in DC today:

  • We can’t drill, drill, drill our way to oil independence. (Oct 2006)
  • Supports spending resources to stop Global Warming. (Sep 2000)
  • Voted YES on protecting middle-income taxpayers from a national energy tax.
    (Apr 2009)
  • Voted NO on requiring full Senate debate and vote on cap-and-trade. (Apr
    2009)
  • Voted YES on tax incentives for energy production and conservation. (Jun
    2008)
  • Voted YES on addressing CO2 emissions without considering India & China.
    (May 2008)
  • Voted YES on removing oil & gas exploration subsidies. (Jun 2007)
  • Voted YES on making oil-producing and exporting cartels illegal. (Jun 2007)
  • Voted YES on factoring global warming into federal project planning. (May
    2007)
  • Voted YES on disallowing an oil leasing program in Alaska’s ANWR. (Nov 2005)
  • Voted YES on $3.1B for emergency oil assistance for hurricane-hit areas.
    (Oct 2005)
  • Voted YES on reducing oil usage by 40% by 2025 (instead of 5%). (Jun 2005)
  • Voted YES on banning drilling in the Arctic National Wildlife Refuge. (Mar
    2005)
  • Voted YES on Bush Administration Energy Policy. (Jul 2003)
  • Voted YES on targeting 100,000 hydrogen-powered vehicles by 2010. (Jun 2003)
  • Voted YES on removing consideration of drilling ANWR from budget bill. (Mar
    2003)
  • Voted NO on drilling ANWR on national security grounds. (Apr 2002)
  • Voted NO on terminating CAFE standards within 15 months. (Mar 2002)
  • Supports tradable emissions permits for greenhouse gases. (Aug 2000)
  • Include pickup trucks in CAFE; include hybrids in HOV lanes. (Feb 2002)
  • Keep efficient air conditioner rule to conserve energy. (Mar 2004)
  • Establish greenhouse gas tradeable allowances. (Feb 2005)
  • Rated 100% by the CAF, indicating support for
    energy independence. (Dec 2006)
  • Set goal of 25% renewable energy by 2025. (Jan 2007)
  • Let states define stricter-than-federal emission standards. (Jan 2008)

Voting records do not lie folks, but they do expose the truth about just what the Democratic Party is doing as far as developing our own energy production in the United States of America today. Do not take any stock in what the Democrats of today “say” they are doing, as we see it is nothing more than a bunch of misinformation and propaganda right here, but pay more attention to what they do, as in voting to cripple our own energy development. So when you see the new DNC Propaganda Mistress, Wasserman-Shultz telling you about the DNC’s new love affair with big oil and domestic energy production as in the video above, think about the facts in this article the next time you pay to fill up your vehicle with that high-priced gasoline. Also remember Obama and his fake Democratic party in 2012 when it comes time to vote for some real change we can believe in. Just do not expect any change from that $100.00 bill when filling up your gas tank today. Those days are now over, unless we get rid of the green energy Socialists and anti-Capitalists in our government, and soon. That means voting against democrats and pro-gressive RINOS in 2012.

High Gas Prices Driving America into the Ditch

          While many economists predicted four-dollar-a-gallon gasoline by this summer, anyone filling up their tank this past week has already experienced the pain of four dollar gas pretty much across the nation. Now we dreadfully await the five-dollar-a-gallon-gasoline that many predict is on the way this summer. I watched on TV as a lady in Baltimore was shown pumping $100 worth of gasoline into the gas tank of her Honda Accord. She went on to explain that while it is good to have her tank filled up to go somewhere, she will be left with very little spending money when she gets to her destination. This is a direct reflection on how our economy will suffer under the crushing weight of high gas prices. Not too long ago she could have filled up that very same car for $50.00 and had an extra $50.00 to spend shopping for life’s little extras, such as new curtains, furniture, clothes, cooking utensils, etc.

Pic courtesy of digitaljournal.com.

    Today, due to the high price of gasoline, all the merchants selling those items will be hurt indirectly. The  customer is left with less money to spend in the merchants stores due to high gasoline prices, period. This is often referred to as trickle down economics. High fuel prices also drive up the cost of every single item we need to purchase on a daily basis, such as food, electricity, and anything that has to be transported from point A to point B to be available for purchase. When it costs the transportation companies double the amount of money to fuel up their trucks, ships, airplanes and boats, they simply have to raise their shipping and transportation costs so they can stay in business. That makes the price of every item we purchase increase, which then makes your paycheck able to buy less’ as an end result.  This is the double whammy that is now hitting every single American, whether they realise it yet or not. So what is causing the soaring gasoline prices that we see today? In trying to answer that question, I will try a more common sense approach to exploring the possible causes of  rising gas prices, as we have already heard from all the self-appointed experts about their theories on it.

     First of all, like it or not, politics plays a huge part in gasoline prices. From  over-regulation by our government, to the moratorium on the drilling for oil in the Gulf of Mexico and other huge oil deposits in the U.S., to OPEC’s manipulation of oil reserve numbers, to the upcoming 2012 elections, they all play a part in increasing oil prices. When it comes to the politics of skyrocketing gasoline prices in America, I see another possible reason for why this problem is not being addressed. The current President is a disciple of the Alinsky model of creating a crisis, then using it to further empower themselves over the people . Obama is pushing for a green energy plan that has been proven to be a huge failure across the globe, yet continues to hamper our very own domestic oil production. That puts us at the mercy of OPEC, along with the big oil-producing nations of the middle east  that basically hate America. This also creates a crisis of high gasoline prices that the Alinsky-student Obama could step up and offer a “solution” for.  We probably wouldn’t have four-dollar-a-gallon gasoline today if there hadn’t been a moratoriam on drilling in the Gulf of Mexico, coupled with the expanded denial of permitting in our midwest for the past two years. It takes years to find the oil deposits and extract them from the ground, and I feel we are just now seeing the beginning of the damage the Gulf drilling moritoriam has done in interrupting our demestic oil production in the near future. This could explain why many experts are predicting five, and even six dollar a gallon gasoline by the end of this year.

     I would imagine it would be a huge plus for Obama’s reelection chances if he could continue to allow the jacking up of the price of gasoline to over five dollars a gallon this year, let everyone feel that pain at the pump, and then come up with a savior-like lowering of gasoline prices by the summer of 2012, just in time to sway public opinion of  him. The manipulation of our economy for political gains has been done before, many times. Super high gasoline prices would also help Obama sway people to accept his currently dysfunctional green energy plan, and also continue his wealth redistribution agenda through green energy companies, many of which have already proven to be a huge failure here in America. We have pumped billions of tax dollars into green energy companies with very little to show for it today. Super high gas prices will also allow Obama to continue the theft of tax dollars for his favored redistribution of wealth to unproven, dysfunctional green energy companies, further driving up our massive debt problem. This follows the pattern of continued government spending with nothing to show for it in return that we have seen from the Obama regime since day one in office. Understanding the politics behind the current gasoline prices, and  possible motives behind continued high gasoline prices is crucial to the 2012 elections, in helping people to understand just what four more years of proven dysfunctional Obamanomics will mean to America and her economy.

    Another reason behind high oil prices can be found in the connection between the big oil companies, wall street and Opec. With the current economy still struggling along at a snails pace, why in the world is the stock market still rocking and rolling at record high levels ? I found a pretty good explanation over at investorplace.com :    

Big Oil Needs Expensive Gas to Survive: According to industry experts, the “easy” oil in the Middle East and Africa can be pumped for as little as $5 a barrel from simple surface well. Costs vary greatly for unconventional projects such as deepwater drilling and tar sands, but can easily be $40 a barrel or higher for tough to access supplies of oil. With fierce global competiton and  state-run monopolies in Venezuela and China squeezing out Western energy giants, the bottom line is that cheap oil – and subsequently cheap gasoline – just doesn’t work out on the balance sheets of big oil. Call me a conspiracy theorist, but considering that Exxon Mobil (NYSE: XOM), Chevron (NYSE: CVX), BP plc (NYSE: BP), ConocoPhillips (NYSE: COP) and Royal Dutch Shell (NYSE: RDS.A) have a collective market value well over $1 trillion, it’s hard to imagine all that financial clout simply sitting by and letting oil slump back to $50 or $60 bucks a barrel where high-tech, high-cost extraction leaves them little or no profit margin.

OPEC Wants Expensive Oil: The Organization of the Petroleum Exporting Countries, or OPEC, has made it clear that $100 oil isn’t a sign of alarm but rather a decent equilibrium. The group has gone on the record saying oil prices above $100 a barrel are no reason for an emergency session. “If oil prices increase to $100 or more, it is not worrying and does not justify holding an extraordinary meeting by OPEC,” Iranian oil minister Masoud Mirkazemi was quoted as saying by the ministry’s news agency Shana. Is not worrying to whom, Mr. Mirkazemi? I think motorists and crude-dependent industries would have a different point of view.

   In the first paragraph there we see the mention of the state-run monopolies in Venezuela and China, I feel that another state-run monopoly deserves mention here in the name of Brazil, where Obama currently met with the new president, who also happens to be a former leftist, Marxist guerrilla revolutionary who did time in prison.  Obama also handed Brazil’s state-run oil company, Petrobras, a permit to for oil storage and to drill for oil in the deepest part of OUR Gulf waters recently. I find this to be a glaring example of Obama’s hypocrisy working against America and her own oil production. Recently, many Congressmen and Senators have demanded an explanation for this action from the President, but to no avail. So much for the most honest and open administration in U.S. history that Obama promised in 2008.  Are these the actions that the American people will be duped into voting for again in 2012 ? 

     As a final note, we now see former big oil tycoon- turned green energy investor, T. Boone Pickens smiling all the way to the bank once again due to his ” predicted ” skyrocketing oil prices. He has been calling on legislators to mandate the switch to wind energy for the past several years, and in which he is now heavily invested. For all the green energy believers and common sense deniers out there , I will leave you with a great example of how green energy could not even give 87 people on a small island off the coast of Scotland enough power to heat a teakettle here. That’s right, a small island of 87 citizens have windmills, solar panels, and hydro-electric turbines, yet had to rely on their own noisy gas fired generators to function on a daily basis. Remember Mr. Obama’s famous words uttered in 2008. ” Under my plan electricity rates will necessarily skyrocket. ”  That is no different then my thoughts when filling up the gas tank this week, ” After two years of Obama rule, we are now paying almost $100.00 to fill up the gas tank on a Honda Civic. Can hard working Americans afford another four years of Obama’s ” fundamental transformation of America” ?

Obama Looking at Offshore Drilling, as a Means to an End

In a Reuters article, it was reported that the Obama administration is expected to announce by Wednesday its updated plan for oil and natural gas drilling in U.S. waters, including whether to allow exploration for the first time along the U.S. East Coast.

The administration plan could open up drilling across the nation that would ease our reliance on middle-eastern oil, or it could be another bait-and-switch tactic.  It’s hard to tell as:

The Interior Department and White House declined comment on Monday on whether Obama would speak to the issue in a speech slated for mid-morning on Wednesday at Andrews Air Force Base in Maryland.

The question remains, why would Obama suddenly decide that offshore or expanded drilling makes sense?  He’s been a hard-line, anti-drill, hard-line, uber-environmentalist-friendly politician forever.  As with everything for Obama, there must be something in it for him.. and there is.

But Obama, who wants Congress to move a stalled climate change bill, has sought to reach out to Republicans by signaling he is open to allowing offshore drilling, providing coastlines are protected.

In a sudden realization that bi-partisanship is a good, Obama has decided to drop a carrot to the conservative side of the isle.  What the GOP must be wary of, is that the carrot will be pulled as soon as they bite.  The drilling moratorium was lifted by G.W. Bush, because it had been an executive order – easily reversible.  Imagine how easy it will be for Obama to change his mind right after Republicans vote for his cap and tax plan?

It may be difficult to believe that the administration could pull the rug out from anyone after getting their support, but consider that the health care reform act passed the CBO with the assumption that the Medicare pay-cut for doctors would continue.  Today there were rumors that Ms. Sebelius, Obama’s Health and Human Services Secretary is working to rescind those cuts which would cause Obamacare to add to the deficit starting this year and continuing into the foreseeable future.

Doctors slated to have their Medicare reimbursements cut 21 percent on April 1 got a reprieve from the Centers for Medicare and Medicaid Services, which is delaying lowered payments until after Congress reconvenes.

Obama isn’t thinking about allowing increased drilling.  He’s campaigning for cap and trade, and he needs a few conservatives to go along – a few Republicans that want to lose their jobs.