Tag Archives: natural gas

Soros’ Anti-Frack Attack in MN

George_SorosLeftwing progressive organization, Land Stewardship Project bussed in activists from rural Minnesota to lobby for a “temporary moratorium” (read: 30 year moratorium that will never go away) on silica sand mining in the state, a direct attack on the natural gas industry. The silica sand has been used for decades in hydraulic fracturing – also known as “fracking” – to safely and cleanly remove natural gas from shales deep beneath the ground.

The Land Stewardship Project is funded by the Joyce Foundation and billionaire George Soros and claims to promote “sustainable agriculture.” The group’s spokesperson wouldn’t disclose the cost of the busses or the number of passengers.

As reported by KMSP Fox 9 News, “a temporary statewide moratorium on frac sand mining in Minnesota passed the Senate Energy and Environment committee by an 8-4 vote Tuesday.”

Should the proposed legislation pass the democratically-controlled state house and senate, the very liberal governor, Mark Dayton (who benefited from a Soros-hosted fundraiser for his campaign), will promptly sign it into law, sending thousands of jobs and millions of dollars into Wisconsin and surrounding states.

“It will lock Minnesota out of the energy revolution that’s going on in the country,” says Scott Sustacek of Jordan Sands.

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To learn more about fracking, what it really does, who’s making money from it, and what the real environmental & economic impacts are, watch FrackNation.

Read the FIVE REASON YOU MUST WATCH FRACKNATION here.

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Fracking Under Attack

Frack AttackHydraulic fracturing in Minnesota is about to take another big hit as environmental activists bus in from around the state to descend on the Capitol in St. Paul. A joint hearing of energy committess in the Minnesota House and Senate is expected to discuss a 30 year moratorium on silica sand mining on Tuesday, February 19th at 12:00 noon at the State Capitol. The sand is used by oil and gas drillers for hydraulic fracturing, also known as “fracking.”

The Land Stewardship Project, an activist group heavily funded by the Joyce Foundation, a pet project of billionaire George Soros, has organized 2 busloads of activists who will travel from rural counties in Minnesota to the capitol. The Land Stewardship Project calls itself a “grassroots” community organizing group that is “organizing for change.” The group spent over $2 million in 2011.

According to Johanna Rupprecht, the contact at LSP organizing the travel details for activists from St. Charles and Rochester, there are still seats available on the 42 passenger bus, though she wouldn’t share on the record how many activists have been confirmed.

“We want to send a clear message to the legislature that this issue is very important… Local governments can’t handle this kind of thing on their own without state involvement,” said Rupprecht when asked what the group hopes to accomplish.

Rupprecht says LSP is urging the state to fund a General Impact Study and impose a moratorium on sand mining until it is complete and can be reviewed.

Rupprecht declined to divulge the costs associated with the community organization and travel for the hearings saying she would, “rather not share how much it will cost. I’m not sure how that’s relevant.”

The other bus is being organized in part by a newly formed group called The Houston County Protectors. Organizer Donna Buckbee says there are 45 confirmed attendees and she is hoping for more to reserve seats throughout the day.

LSP Executive Director George Boody is a registered lobbyist and “local foods expert” at the University of MN. LSP is also a member of Take Action MN which hosted training for the Occupy Movement. Boody did not immediately return a call for comment. LSP will hold a press conference at 11AM at the capitol.

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To learn more about fracking, what it really does, who’s making money from it, and what the real environmental & economic impacts are, watch FrackNation. Set your DVR for Tuesday, Feb. 19 at 11AM Eastern Time (10 CST) on Axs TV. Read the FIVE REASON YOU MUST WATCH FRACKNATION here.

North Carolina’s Governor Vetoes Gas Exploration Bill

North Carolina Governor Beverly Perdue on Sunday vetoed legislation that would have opened the door to shale gas exploration in that state.

For the second time in the last two years, Governor Purdue has stalled efforts by the Republican-led legislature to foster gas exploration in the tarheel state.

In a message about the veto, Perdue said that while she supports policies that create jobs, she doesn’t want to act too quickly.

Some estimates of the size of the formation under North Carolina could power the state for at least five years and would certainly create a booming industry for North Carolina job-seekers.

This is the second time Purdue has put her political priorities ahead of job-creating legislation. In 2011 she votoed a similar bill and has since failed to open the state to jobs and revenue that it badly needs.

The fate of North Carolina’s economy has now been left to the General Assembly for override votes. While Republicans have the votes in the Senate to override the veto, some Democrats will have to cross the aisle in the House to defeat the veto.

The State’s democrats will have to decide between jobs and the liberal special interest groups in an election year.

Green Death

Eight regions of Spain have had their credit ratings cut as uneasy Spaniards moved their money overseas. Spooked by the questionable state of their banks, Spanish savers are now moving their money abroad faster than records have ever shown. Spain’s credit rating has been downgraded two notches and nearly 25% of Spaniards are unemployed

The Spanish newspaper La Gaceta ran a full-page article exposing the truth about Spain’s “green jobs” agenda, which just happens to have been cited many times by barack obama as the way “forward” for the United States. “Green energy” has now been exposed as a costly disaster that has undone Spain’s economy.

The Spanish Administration confessed “the increase of the electric bill is principally due to the cost of renewable energies.” It has now become officially recognized that the price of electricity, as well as increases in Spain’s debt are due to the extra cost of solar and wind energy. Additionally, the Spanish administration now admits that each green job that was created cost more than 2.2 traditional jobs in the private sector.

All evidence to the contrary, the obama administration insists on moving full speed ahead with its ill imagined, full frontal assault on the American energy industry, coupled with increased promotion of their “green jobs” fantasy.

Not only is coal America’s cheapest source of energy, the United States owns some the world’s largest coal deposits. Newly enacted EPA regulations now force a reduction in utility CO2 emissions to 1,000 pounds per megawatt of electricity. This regulation effectively bans construction of new coal-fired plants and will invariably lead to hikes in electricity costs. Since only natural gas meets the new emissions standard, the country’s electricity providers will be forced to pay the cost of converting to natural gas. One way or another, electricity prices will “necessarily skyrocket”.

Despite administration claims, obama’s hostility towards fossil fuels has led to reduced opportunities for domestic oil production. obama continues to call for the elimination of targeted tax breaks oil companies have been receiving for decades. The general public is largely unaware of the fact that those tax breaks are targeted chiefly for exploratory activities. Drilling for oil is an expensive, uncertain business venture. Even successful fields have limited lifespans. Besides, hiking taxes on new exploration is counter-intuitive to increasing production.

In addition to his open aggression towards traditional fuels, obama plans on “investing” more of American taxpayer money by doubling down on spending for wind farms, solar energy, homegrown biofuels and energy-efficient cars and buildings. The history of the administration’s “investment” strategy is fraught with peril.

Here are a few of the “green” “sustainable energy” failures that have already been supported by the current administration’s “investments”. Remember, all this financing was done using your tax dollars. Well, not exactly. It has been done with tax dollars to be re-paid to the Federal Reserve Bank and China by your grandchildren and great grandchildren. Plus interest:

Evergreen Energy-Which has filed for Chapter 7 bankruptcy, saying it’s “impossible to maintain operations” due to funding shortfalls. This announcement came after the company received $5.3 million in “stimulus” funds.

Amonix Inc.-A manufacturer of solar panels that received $5.9 million from the “stimulus”, laid off about 200 employees only seven months after opening a factory in Senate Majority Leader Harry Reid’s home State of Nevada.

Beacon Power Corp-Sought bankruptcy protection in 2010 after they received a $43 million loan guarantee from the Department of Energy.

Ener1 Electric-A car battery manufacturer, filed for bankruptcy three years after receiving a $118.5 million grant from the U.S. government.

These are all in addition to Solyndra-A solar panel maker that received a $535 million loan guarantee, then famously filed for Chapter 11 protection.

This is a mere taste of problems found when centrally planned big government intrudes into the free market. Not only is the spending inherently wasteful, the fact that these companies were in large part operated by big donors to obama’s political campaign points to the corruption involved when an ideologically captive, politically driven politician makes investment decisions based on cronyism. Two thirds of all energy loan guarantees or grants made by the obama administration’s Department of Energy have gone to his campaign donors or donation bundlers. Can you say quid quo pro?

All government energy subsidies should end. Energy companies should be free to compete without government interference. If and when “green” “sustainable energy” becomes a competitive solution, consumers will reward “green” companies that used private capital to successfully situate themselves in the market by purchasing their products. That’s how a free market works. That’s what’s made America the greatest economic success in the history of human civilization.

http://mjfellright.wordpress.com/2012/05/31/green-energy-death/

U.S. exports drop to less than $180 billion in October

WASHINGTON, Dec. 10, 2011  — The Bureau of Economic Analysis (BEA) of the U.S. Commerce Department released their a report that demonstrates a slowing global and U.S. economy. 

The report annouces that “October exports of  $179.2 billion and imports of $222.6 billion resulted in a goods and services deficit of $43.5 billion, down from $44.2 billion in September, revised.   October exports were $1.5 billion  less than September exports of $180.6 billion.   October imports  were $2.2 billion less than September imports of $224.8 billion.”

While the report clearly demonstrates falling imports and exports, Obama-nominated Chairman of the export-import bank Fred Hochberg had nothing but glowing comments on the data:

“Increasing exports is critical to revitalizing our nation’s economy and preserving our global competitiveness,” said Chairman Hochberg. “I am pleased that October’s numbers show that we are still on track to meet the president’s National Export Initiative goal of doubling U.S. exports by 2015.”

Hochberg’s history as a fund-raiser for President Obama will likely raise few eyebrows as it seems a major conduit to receiving government appointments in the current administration.

The export-import bank (ex-im)  is the official export credit agency of the United States federal government that was established by an executive order of President Franklin Delano Roosevelt. The bank is now an independent agency in the Executive branch and is tasked with financing and insuring foreign purchases of United States goods for customers unable or unwilling to accept credit risk. That’s why the following statement in a press release by the ex-im bank may interest U.S. taxpayers:

Also contributing to U.S. export growth, Ex-Im Bank approved $32.7 billion in total authorizations in FY 2011, a record for the Bank. This total includes more than $6 billion directly supporting small-business export sales. The Bank’s total authorizations are supporting an estimated $41 billion in U.S. export sales and approximately 290,000 American jobs.

Another “jobs saved..” statistic?

Of interest is also what a large portion of the October exports were – gas (yes, that product we get by drilling). In October, “Houston-based energy company Cheniere signed a deal with U.K.-based gas producer BG Group to ship 3.5 million tons a year of LNG out of its Sabine Pass terminal in Texas.” But with the President’s current anti-drilling and exploration stance, this too may be an export America can no longer brag about.

Rick Perry Releases New Ad: Creating Jobs

It didn’t pass the wife test and she keeps hoping Rick’s going to come out with something to change the game. For her – this wasn’t it.

It’s a position ad and one that only talks about one thing – energy jobs. The challenge may be that while this helps Texas and the Gulf coast – what about non-oil producing states?

Breitling Oil and Gas Announces Exploration in Louisiana

IRVING, Texas, June 14, 2011 — Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced that it has spud the Breitling-Sandy Run #1 prospect in St. Helena Parish, Louisiana on June 12, 2011.

The Breitling-Sandy Run #1 is a 3800′ well and is targeting Miocene Sands which showed seismic amplitude anomalies on a recently acquired 3D data set.

The Sandy Run Prospect is regionally located on the Gulf Coastal Plain with structural dip predominantly in a south to southwest direction. Sandy Run is on strike with numerous Frio gas fields found to the northwest in Amite Co., Mississippi. These Frio fields were found using seismic that identified the reservoirs by a similar amplitude anomaly.

Breitling Oil and Gas expects to recover reserves of 6 to 9 BCF of natural gas.

Management anticipates the well will reach total depth in about 7 days. Well completion and testing should begin during the first week of July.

Breitling Oil and Gas CEO Chris Faulkner stated, “I am pretty bullish on natural gas pricing over the next 18 months so it’s the perfect time to drill the Breitling Sandy Run.” Faulkner added, “We have great well control and 3D over the prospect and the reserves could be sizeable.”

An additional 3 wells can be drilled if commercial production is found in the initial test well. Breitling has current oil and gas exploration projects all over the United States.

For more information on this and other activities of the Company, see the Breitling Oil and Gas website at http://www.breitlingoilandgas.com.

Breitling has current oil and gas exploration projects all over the United States.