Hydraulic 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 [...]
. On February 25th, 2012, I posted the following short article here on CDN: — It seems that Americans are enraged – yet again (sarcasm intended) – with the price of gasoline. Is this outrage justified? Not when you take a few things into consideration. #1 – Gas prices are at the levels they were [...]
The US (through President Barack Hussein Obama’s failed green energy policies and his desire to repay campaign contributors) has decided to pursue green energy. Obama promised that green industries would create millions of jobs after he took office. His administration earmarked billions of dollars for investment in “clean” industry. But no matter how you define [...]
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 [...]
In a direct attack on free enterprise, Democrats have introduced The Gas Price Spike Act, (H.R. 3784), that proposes to establish a “Reasonable Profits Board” to regulate oil company profits. In the “definitions” section (page 2), we get (among other things): (2) WINDFALL PROFIT – The term ‘windfall profit’ means, with respect to any sale, [...]
Oil prices climbed 2% to over $101 a barrel on growing U.S. consumer confidence and tension in the Middle East. This comes as Iran has promised to close the Strait of Hormuz and block oil exports if the West imposes sanctions on its oil shipments over it’s nuclear program. The Strait of Hormuz is a [...]
Computers control nearly all aspects of the worlds oil supply today. Increasingly, they are coming under more and more frequent and carefully planned cyber attacks. Hackers conduct industrial espionage and threaten potential global havoc through oil supply disruption. “If anybody gets into the area where you can control opening and closing of valves, or release [...]
HOUSTON, Sept. 1, 2011 /PRNewswire/ — Global production of heavy crude oil, led by new output fromCanada, Venezuela and the Middle East, will rise to 12.3 million barrels per day by 2020. This estimate is drawn from short-term and medium-term projections in Hart Energy’s Heavy Crude Oil: A Global Analysis and Outlook to 2035. The latest edition of the just-released annual [...]
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 [...]
The Obama administration is using regulatory controls in place of legislation in many areas. By moving traditionally legislative actions into the executive branch, President Obama does not need to depend on a Congress that may not be able to produce the laws needed to force his progressive agenda on the whole of America. What he [...]
