As you’ll see it’s as unachievable and utopian as all the other “clean energy” plans we’ve heard. In fact, IBD calls it a “farce”. And rightfully so.
Why? Well here are the basics:
Clinton says she has two big goals that she’ll start working on “day one” to combat climate change. First is to expand solar energy supplies by 700% by installing half a billion solar panels by 2020. Second is to power “every home in America” with renewable energy by 2027.
She describes these as “bold national goals.” The more appropriate label is “expensive pipe dream.”
Again, the latter description is more apt. Consider the goal of half a billion solar panels by 2020. That’s 5 years from now, folks. We all know that solar panels are a) expensive and b) don’t live up to their billing as to making us energy independent (well unless we are willing to carpet every sun touched surface on our house and property with them). So how will she accomplish this goal? Well, with your tax dollars (or borrowing) of course. Subsides, tax credits, outright grants, subsides to solar panel manufacturing and big government projects that install millions of panels in desert areas (Environmental impact? Only pipelines have that.).
My goodness, haven’t we done this before? And what’s that popular definition of “insanity”?
Also consider that perhaps the cleanest renewable energy, one that has contributed most to the use of renewable energy, is hydroelectric energy (46%). That source has been in decline due to pressure from environmental groups. We have less hydroelectric power now than we did in 2000. And that trend is likely to continue.
Biomass comes in second (9%) and is also in disfavor with environmental groups (greenhouse gasses).
That leaves three “renewable” sources – geothermal, solar and wind. Between the three, they currently contribute just “6.7% of the nation’s electricity capacity, according to the Energy Department.” In total, we have about 15% of our energy from all renewable sources. So you get an idea of how small the contribution of these three really are.
While Clinton didn’t say much about the other two, wind is a favorite of the renewable energy crowd. The problem with both wind and solar is the usual – powerful environmental groups oppose both. Especially groups concerned with the negative impact on wildlife they’ve demonstrated. It is no secret that both wind installations and large solar instillations are abattoirs for wildlife, especially birds.
So how likely is a President Clinton to see this bit of campaign positioning come to fruition? Well thankfully not very. It’s a slapdash bit of campaign nonsense. It is pure pandering with no hope of realization. It is the usual political campaign “policy” making that is all talk with no walk. It has no possibility of being realized and is just thrown out there to feed the base and keep them happy. It is the underpants gnomes in action.
It doesn’t even stand up to casual scrutiny. But don’t worry, her base has no reason for even casual scrutiny. If she said it, they believe it and that ends it.
Meanwhile, upon finishing her delivery of this devilish clever energy plan, she boarded her private jet and smoked off to her next destination.
We were told that while oil prices were high, shale oil could be produced at enough of a profit to drill, but to expensive to continue if the prices dropped.
But efficiency and technical innovation have overcome that bit of conventional wisdom as Shale Energy Insider reports:
US shale companies have increased the number of rigs in the field for the first time in nearly seven months when oil prices were trading around $70 per barrel, compared to under $60 per barrel in the current market.
The number of rigs rose in almost every main shale basin across the US according to data gathered by Baker Hughes.
Industry experts have suggested that as a result of last year’s price crash, shale exploration firms have cut their break even costs by anything up to $20 per barrel.
“As much as anything else, the rise this week is a testament to break-evens coming down just over the course of this year,” said James Williams, president of energy consultancy WTRG Economics.
“Shale is a lot more resilient than we thought it was, and it means we’re going to be able to keep producing shale oil at a lower cost than we thought we could.”
Adding rigs is the primary way to gauge whether or not it is economically profitable for energy companies to drill for and pump the oil According to one analyst, the companies have been able to streamline their operations to the point their breakeven costs have dropped by about $20 a barrel. That’s huge:
A Bloomberg analyst suggested that the cost of drilling services have fallen between 20% and 50% with break even prices in parts of the Permian and Eagle Ford below $40 per barrel.
And what does it mean overall?
Director of upstream research for Wood Mackenzie, Scott Mitchell forecast that producers could add up to 100 oil rigs by the end of the year.
“Drilling rigs and fracking require a quite specific technical workforce, and there were a lot of layoffs as a result of the drop in activity.
“We may find the supply of people becomes short very quickly if activity ramps up, leading to price increases again,” he predicted.
That’s right … jobs and less expensive gas. Of course, most if not all of the shale oil drilling has taken place on non-federal land, and the market has been able to function without a great deal of governmental interference. It is providing both employment and a very important commodity at less expensive prices. Additionally, as it lowers its breakeven point, it buffers us against volume drops as the price of oil comes lower and other sources stop producing oil. With the lower breakeven point, they’ll continue to pump past the point where they’d have quit previously because doing so is still profitable for them. That helps ensure lower prices at the pump will be more common and more stable.
The market … a wonder we need to allow to work without interference much more often than we do.
And those two words are “Barack Obama”.
I don’t know about you but I’ve gotten real tired of seeing the US play the dope on the world stage these last 6 years. I’ve touched on this before, but it doesn’t get much coverage and is indicative of how much foreign policy damage this administration is doing. I touched on this earlier, but I’m fascinated by how totally tone-deaf and inept this administration appears to be.
The story, as the administration wants it to unfold:
The US government has stepped up pressure on the World Bank not to fund coal-fired power plants in developing countries. In a letter sent to the World Bank United States Executive Director Whitney Debevoise said, “The Obama Administration believes that the Multilateral Development Banks (MDBs) have a potentially critical role to play in the future international framework for climate finance, and, in particular, to assist developing countries in mitigating greenhouse gas emissions and strengthening their economies’ resilience to climate risks.” Following Debevoise’s controversial guidelines, the axe has already fallen on Pakistan’s Thar Coal and Energy Project on the grounds that “the limited financing available from the Bank should be directed toward investments that address energy supply shortfalls in an environmentally sustainable manner’’.
So there Pakistan? No coal fired plants for you! We have spoken!
Chinese President Xi Jinping is set to unveil a $46 billion infrastructure spending plan in Pakistan that is a centerpiece of Beijing’s ambitions to open new trade and transport routes across Asia and challenge the U.S. as the dominant regional power. The largest part of the project would provide electricity to energy-starved Pakistan, based mostly on building new coal-fired power plants.
It’s just blatant now … total disrespect for the US. Even our ally in the region, Australia, has had enough. Japan is tired of the posturing and pushing of ideology in support of something science doesn’t support much less prove. More importantly, they’re not going to play ball anymore and aren’t making any bones about it.
Who do you suppose Pakistan is looking too for leadership in the energy sector now? Who do you suppose they might see as a champion of their economic growth?
The Geological survey of Pakistan reveals that 175 billion ton of coal is buried under the Thar Desert. These coal reserves alone are equivalent to total combined oil reserves (375 Billion Barrels) of Saudi Arabia and Iran. The coal deposits in Thar can change the fate of the country if utilised in a proper way. The coal reserves at Thar Desert are estimated around 850 trillion cubic feet (TCF) of gas, and are worth USD 25 trillion. According to experts, if this single resource is used properly, we not only can cater to the electricity requirements of the country for next 300 years but also save almost four billion dollars in staggering oil import bills.
And if Pakistan feels that way, what about India?
India is hoping a new China-backed multilateral lender will fund coal-based energy projects, an official said, putting it in direct conflict with the World Bank, whose chief has maintained that it would stick to its restrictions on such lending. A senior Indian official told Reuters the Asian Infrastructure Investment Bank (AIIB), sponsored by China, is expected to allow funding of coal-fired power plants that the World Bank has almost totally blocked. “When you have 1.3 billion people starved of electricity access and the rest of the world has created a carbon space, at this point denying funding is denying access to cheap energy,” said the official, who spoke on condition of anonymity.
So now “rich America” is trying to force developing countries to forgo cheap energy in the name of … ideology. Hey, wasn’t Obama the guy always apologizing for the way he felt America bullied other countries?
Well, at least he only bullies allies.
There are so many places to point to that illustrate the answer to the question (Libya, Iran, Egypt, Iraq, Syria, China, Russia … ad infinitum, ad nauseum), but there’s one that’s been going on sort of behind the scenes that illustrates it perfectly.
As we all know, our President has an ideological agenda item labeled
“global warming” “climate change” that he is hell bent on forcing on not only us, but the world to his agenda.
Here’s the interesting part – much of the world is sympathetic with his agenda. Just look at the UN and those who adhere to the UN line about climate change. A smart guy – at least the guy who supporters claim is always the “smartest guy in the room” – would use that fact to try to fashion some sort of coalition and agreement that would advance his agenda.
Not our prez. He’s an “all-or-nothing” sort of guy when it comes to things like this – science be damned. And he likes to bully and shame people and countries into doing his bidding.
Except that never seems to work. What am I talking about?
The Infrastructure Investment Bank – A China led initiative that not only extends China’s influence but will extend loans to developing countries to help develop their energy infrastructure – to include coal.
Well, Obama’s well known for his war on coal and his inflexibility about including it in future. But if you’re actually trying to be a diplomat – you know, foreign policy – you might end up understanding that you are at the extreme with the “no coal” position and see if you can’t influence the agenda via compromise. Oh, and if you’re against China’s initiative, you gather allies to work against their goal and toward yours. That’s if you have any savvy at all concerning diplomacy and foreign policy.
So, you have to ask, how did this happen?
Australia’s decision to join the Asian Infrastructure Investment Bank follows a reversal of policy, revealed in The Australian this month, based on strategic arguments about China. The change followed a reassessment within government and intense talks within the G7 group of finance ministers and central bank governors.
Australia had been one of our allies, along with Japan, in resisting this effort by China. What happened?
While Australia, Japan, South Korea and Britain have been cautious and aware of the US criticism, all are moving towards joining. Japanese industrialists keen to sell “ultra-super-critical coal-fired” electricity generators to India for more efficient use of brown coal are pushing for Tokyo to sign up.
Mr Obama’s administration has been tightening international funding for coal-fired generation but the Asia Infrastructure Investment Bank is likely to be more sympathetic to the pleas of developing nations.
The expansion of coal-fired power generation is a boon to Australia’s coal exporters and represents a boost to the flagging Japanese economy.
So, knowing that, what did the bully-in-chief do? Well, if you know anything about him, you’re unlikely to be surprised. Just think – “ally” and it will come to you:
Australia has joined forces with Japan in international forums to resist the US campaign of limiting lending to developing nations seeking more efficient coal-fired generation. The technology offers the promise of cheaper power. The moves follow Mr Obama’s climate change speech at the G20 summit in Brisbane last November. The US President’s remarks, which embarrassed Mr Abbott and angered his ministers, were seen as an attempt to push the administration’s climate change policies in Mr Obama’s final year in office.
Yup, condescension and embarrassment have a tendency to move things in a direction you don’t want – especially when you do it in the country of your ally.
Result? Another in a long, very long line of foreign policy failures. Australia joins with China in rebuffing Obama’s agenda.
On the whole, I’m quite pleased with that. However, it does indeed demonstrate how badly this circus is being run by the clown-in-chief. I’m sure, even now, that James Taylor is tuning up for a trip down under.
Hopefully, given Hillary’s latest scandal, Al Gore will be the only thing left standing on the Democratic side when the election rolls around. Because, well, because the Democrats deserve him. And Ezra Klein is all for him filling in for the “inevitable one.”
But that’s not my main subject today. Two notes of interest that are likely to get the short shrift in the press with all the usual nonsense flying around.
Global emissions of climate-warming carbon dioxide did not rise last year for the first time in 40 years without the presence of an economic crisis. “This is a real surprise. We have never seen this before,” said IEA chief economist, Fatih Birol, named recently as the agency’s next executive director.
So here is what is likely to happen. With this bit of news, you can expect to see a huge push by the Chicken Little contingent to claim credit and victory. Why see what they’ve done! Never mind the fact that the temperature hasn’t risen in over 10 years and forget about that brutal winter you’ve just survived. We’re winning against “global warming”.
Trust me … you’ll see it soon. Of course there will be no science to support their claims, but then that’s nothing new, is it?
Meanwhile, in the face of all that, Japan is increasing its use of coal as it continues to replace nuclear energy and we’re in the midst of an oil glut that doesn’t appear ready to tail off anytime soon.
“Yet US supply so far shows precious little sign of slowing down. Quite to the contrary, it continues to defy expectations,” said the IEA in its monthly Oil Market Report, which sharply revised up its output estimates for the end of last year and forecasts for the begging of 2015.
With US crude stocks striking all-time records, it noted storage capacity limits may soon be tested.
So cheap gas? Oh, yes, much cheaper than the Obama Administration and the Greenies would like.
The question then is with an abundance of cheap gas and other petro products, no warming in over 10 years and evidence that we’re not increasing the CO2 emissions, how inclined to you think the average joe is going to be to change his habits?
Yeah, not very. In fact, my guess is he’ll be quite resistant to the idea as he tools around in his SUV.
So, please, bring on the Goracle.
We need the entertainment.
The title is essentially what is going on in California as the Democratic controlled state imposes a tax for the “prevention” of global warming.
Californians will now have to pay yet another tax as part of the state’s effort to fight global warming. Residents will now pay a global warming tax for buying gasoline on top of the already existing state gas tax.
But being “smart” politicians, they don’t call it a tax:
The global warming tax on gas retailers is part of the state’s cap-and-trade program. But state officials are not calling the global warming charge a tax, instead they are saying it’s a fee paid by gas retailers when distributors load tanker trucks — even though the cost is passed onto consumers through the cost of fuel.
“They are not calling it a tax, and these guys (wholesalers) are adding it to the cost of the fuel, so you are paying a tax on a tax,” Max Castillo, who owns a convenience store and gas station, told the San Diego Union-Tribune. “California is the leader of the nation in paying taxes.”
That’s right, folks, it’s a “fee”. So Californians, who live in the state with the highest taxes, now get to pay a tax on a
tax “fee”. The result?
The global warming tax adds about 10 cents a gallon to wholesale gas prices and 12 cents to diesel prices, reports the Union-Tribune. But with gas prices down about one dollar from last year, few residents have noticed the global warming fee being added to their gas bills.
Californians pay a whopping 77 cents per gallon extra on gasoline due to fees and taxes. The Union-Tribune reports that “[e]xcise taxes… cost consumers 36 cents per gallon for the state and 18.3 cents for the federal government.” This is in addition to the 2 cent underground storage tank fee and the “global warming fee, which is variable and could soar in the future, added about a dime this week.”
The global warming fee adds 2.25 percent to the full retail price of gasoline — which includes existing taxes and fees — meaning that once gas prices start to rise, Californians may take notice when their gas bills go way up.
Science doesn’t support this. It simply isn’t there. And California’s politicians deciding to do it on their own is simply an exercise in political arrogance and vanity. A decision to get the “little people” to again pay for a political boondoggle (see current “light rail” boondoggle). Nothing will come of this in real terms. California fossil fuel usage for transportation needs is 96%. That hasn’t changed much and isn’t likely to change anytime in the near future.
However, that apparently doesn’t prevent politicians from imposing their utopian pipe dreams on the citizens of that state – and frankly, they richly deserve this given their past voting record.
The imposition of a global warming tax on fuel retailers comes as Democratic Gov. Jerry Brown announces plans to push the state to get 50 percent of its energy from green sources and move away from oil.
“If we have any chance at all of achieving that, California, as it does in many areas, must show the way. We must demonstrate that reducing carbon is compatible with an abundant economy and human well-being,” Brown said in a recent speech.
Brown wants to put the state on track to get 50 percent of its energy from green sources, like wind and solar, by 2030 and cut the state’s use of petroleum in half in the next 15 years. Brown also promised more rules to make buildings more energy-efficient.
“All of this is a very tall order. It means that we continue to transform our electrical grid, our transportation system and even our communities,” Brown said.
It’s BS built on a questionable scientific theory based in models which have been found to be horribly wanting and consistently wrong. This isn’t about the environment (other than it will help keep that lobby a bit quieter and in the politician’s pocket), it’s about money – revenue. And power.
But then, when isn’t it anymore?
More subjects than one can conveniently throw a stick at … so we’ll throw several sticks.
Have you seen the latest Brookings Institute poll on Obama’s “greatness” as a President? It is interesting. They decided to poll the American Political Science Association. Their “consensus”?
First, President Obama ranks 18th overall, but beneath the surface of the aggregate figures lurks evidence of significant ambivalence. For example, those who view Obama as one of the worst American presidents outnumber those who view him as one of the best by nearly a 3-1 margin. Similarly, nearly twice as many respondents view Obama as over-rated than do those who consider him under-rated.
Well there you go. Even a liberal leaning think tank polling liberal leaning academics can’t manage to put lipstick on a pig. 18th overall? Hilarious.
Remember we were told that Iraq was “poorly thought out” and that “armed intervention” was a mistake?
Wouldn’t it be interesting if someone applied the same standard to Libya? Yesterday we got to see what some of the result of that awful decision when 21 Coptic Christians were beheaded by ISIS. And the White House reaction?
The United States condemns the despicable and cowardly murder of twenty-one Egyptian citizens in Libya by ISIL-affiliated terrorists.
Can’t even get up the gumption to identify who the “Egyptians citizens” were. They weren’t beheaded for being Egyptians, folks.
We call on all Libyans to strongly reject this and all acts of terrorism and to unite in the face of this shared and growing threat. We continue to strongly support the efforts of the United Nations Special Representative of the Secretary-General Bernardino Leon to facilitate formation of a national unity government and help foster a political solution in Libya.
Because, you know, Obama and the boys kind of broke the last government.
Meanwhile in Oregon, the Democratic governor resigns in disgrace, a victim of corruption in the “green energy” field.
It is a safe bet that Kitzhaber’s implosion has sent the rest of the nation’s Democratic governors, and even a few officeholders in Washington, scrambling to review their affairs. It is the very nature of green energy that its unprofitability ensures that it is only viable in the marketplace if it is subsidized at taxpayer expense. The political class’ favorability toward clean energy and the media’s deference to the project of green technology have created the perfect conditions where corruption can thrive.
Leftist billionaire Tom Steyer is deeply implicated in all of this. I wonder if he’ll get the “Koch brothers” treatment by the media.
You can read on when you stop laughing hysterically.
Oh, and here’s another in a long line of damning reports about ObamaCare.
On another subject, I’m old enough to remember friends crippled by polio and the “iron lung”:
“We are at a stage where people have no memory of just how dangerous pathogens used to be. There is no visceral fear of viruses and bacteria. Children in wheelchairs as a result of polio are a thing of the past because the United States has been polio free since 1979 as a result of vaccines. The only people I’ve ever met who were hobbled by damage from polio were older than me. . . . I do not expect an innumerate and unscientific public to become more trusting of medical organizations that support vaccination. In some communities herd immunity has already been lost and it will be lost in more other communities. This trend will continue until an old disease comes sweeping thru and racks up lots of damage and fatalities.”
On the other hand, the government has reported for 40 years that cholesterol was going to kill us and then, recently said, “never mind”. But they still want us to believe their science about “global warming”. That said, one small pox plague and I’d bet everything would change. Its hard to be fearful when you’ve never had to live with the results of awful afflictions like polio. I remember that being the greatest fear of many parents. Now, well, now they don’t even give it a second thought. That’s because of a vaccination, for heaven sake. Same with small pox. But then anti-vaxxers are using the same sort of science that warming alarmists do, so you shouldn’t be particularly surprised.
Meanwhile in Wisconsin (not surprisingly, Madison, WI) 30 homes were spray painted with anti-Semitic graffiti. My guess is the White House would characterize the act as “a random act by some juvenile delinquents”. I’m still in awe of the spineless characterization of the victims in the Kosher Deli in Paris as some “folks” in a random incident. But then, this is the same administration that for years characterized the Ft. Hood shootings as “workplace violence”, so it really isn’t a big surprise. Back in Madison, don’t even begin to believe that the vandalism will ever be classified as a hate crime. That is reserved for favored minorities only.
Graeme Wood (read the whole thing) lays the wood to the cowardly among us who can’t find it in themselves to identify the enemy and the enemy’s foundation:
The reality is that the Islamic State is Islamic. Very Islamic. Yes, it has attracted psychopaths and adventure seekers, drawn largely from the disaffected populations of the Middle East and Europe. But the religion preached by its most ardent followers derives from coherent and even learned interpretations of Islam.
Virtually every major decision and law promulgated by the Islamic State adheres to what it calls, in its press and pronouncements, and on its billboards, license plates, stationery, and coins, “the Prophetic methodology,” which means following the prophecy and example of Muhammad, in punctilious detail. Muslims can reject the Islamic State; nearly all do. But pretending that it isn’t actually a religious, millenarian group, with theology that must be understood to be combatted, has already led the United States to underestimate it and back foolish schemes to counter it. We’ll need to get acquainted with the Islamic State’s intellectual genealogy if we are to react in a way that will not strengthen it, but instead help it self-immolate in its own excessive zeal.
Meanwhile, at the State Department and White House …
The idiocy continues on all sorts of fronts. A few things that caught my eye. David Axlerod’s autobiography and his expectations:
“More than anything, this is what’s terrible about modern media and how these books roll out,” Axelrod says. “I was determined to write a book that wasn’t going to be characterized by some titillating nugget that had about a three-day half-life, but rather an entire story of my life and the conclusions that life has led me to. I wanted to write a book that people might want to read years from now and not just today’s publication because they wanted to find out who had been knifing who.”
A lovely sentiment. But Axelrod, who likes to think of himself as a real-world idealist, surely knew not to get his hopes up.
Oh balderdash. Axelrod is about as calculating a political hack as one can find. To assume he was so naive or stupid to believe his book would be treated any other way is irony on steroids. The only thing interesting about the man at all are the political secrets he may reveal. I got a good laugh out of his disappointment.
Under the sarcastic title of “wow, I’d have never guessed this … ” we find:
A shadowy Bermudan company that has funneled tens of millions of dollars to anti-fracking environmentalist groups in the United States is run by executives with deep ties to Russian oil interests and offshore money laundering schemes involving members of President Vladimir Putin’s inner circle.
Look, those guys learned how to successfully co-opt liberal left anti-war groups ages ago. This is just the updated effort. Why this would surprise anyone is a mystery to me. And, of course, it’s the big names of the movement – Sierra Club, the Natural Resource Defense Council, Food and Water Watch, the League of Conservation Voters, and the Center for American Progress. Bought and paid for … by evil oil.
Irony … it’s just lost on the left.
Under the title of “when bureaucrats get huffy”, things got a little testy in a Congressional hearing yesterday with the newest VA Secretary. Apparently he’s not used to having his competence questioned:
The fracas started when Coffman criticized the VA for citing its effort to defend cost and time overruns at a Denver hospital projects as a major accomplishment.
“How is that a success?”
[Rep. Mike] Coffman [(R-Colo.)] asked. “You lost that case on every single point for the hospital in my district that is hundreds of millions of dollars over budget and years behind schedule.”
“I think that that’s just characteristic of your glossing over the extraordinary problems confronted by your department,” Coffman added. “This is a department mired in bureaucratic incompetence and corruption. And I gotta tell you, I think the public relations is great today, but there’s no substance.”
McDonald said he was offended by those remarks, and then dodged the question and tried to shift the blame to Coffman and others in Congress.
“Actually, I’ve been here six months,” McDonald said to Coffman. “You’ve been here longer than I have. If there’s a problem in Denver, I think you own it more than I do.”
Really … because Coffman has what to do with running the VA project in question? After all the failure of the past 6 years, that’s just what you need, an egoistic, thin-skinned nincompoop at the head of the VA. McDonald followed that little jewel up by showing he knew nothing about the person he was insulting:
… McDonald ended by barking at Coffman, “I’ve run a large company, sir. What have you done?”
Well, as it happens, Mike Coffman is a combat veteran who started his own company, and is the only member of Congress to have served in both Iraq wars. And as it happens, Secretary McDonald is an ass, just like the head of the IRS, just like our Attorney General, just like … yes, it’s the culture and climate that has evolved within this administration and it all goes directly to the head of it all … our snarky, sarcastic and disrespectful president.
Btw, in my estimation, McDonald ended up looking like a fool, something he richly deserved.
Instead of hurling insults, McDonald should be interested in actually doing something useful. Like his job:
The Department of Veterans Affairs’ vast health network — beset by a scandal last year over delayed care — has been listed as a high-risk federal program by congressional auditors for the first time.
The report by the watchdog Government Accountability Office, which is issued every two years, includes a broad indictment of the $55.5 billion VA program, one of the nation’s largest health care systems. USA TODAY obtained the VA section of the report, scheduled for release Wednesday.
And this goob, like most of the administration, is trying to lay off any blame. It’s a perfect example of an ossified bureaucracy that is more than incompetent, it’s lethal.
Finally, for those of you who like strolling down the memory lane of climate alarmist predictions, there’s a website up dedicated to reminding us again how wrong they’ve all been:
A senior environmental official at the United Nations, Noel Brown, says entire nations could be wiped off the face of the earth by rising sea levels if global warming is not reversed by the year 2000.
San Jose Mercury News 30 Jun 1989
Ah, yes, the good old days.
The oil shale boom has helped create a surplus of oil that has entered the market and driven prices down to under $2 a gallon. It is an economic boon to hard pressed families and businesses who use a lot of fuel. It is also a testament to how well markets work. And that’s why government is about to intrude in that market and jack the prices back up. This time under the guise of your out-of-control EPA
In spite of dramatically lower methane emissions from fracking, according to the EPA’s own data, the agency wants to impose draconian regulations on the oil and gas industry similar to those on coal.
The new rules that the White House announced on Wednesday aim to cut oil emissions of methane, a target of environmental groups, by 45% below 2012 levels, despite the fact that the emissions already show a sharp decline even as shale oil and gas production has skyrocketed.
This war-on-shale action mirrors the administration’s war on coal, with EPA rules impossible to meet economically and sometimes requiring technology that doesn’t even exist.
This is all based on the extremely shaky theory that the earth is warming due to greenhouse gasses produced by man, despite 18 years with no evidence of warming. It is also being done despite the fact that the EPA has no real reason, according to its own findings, to go after this industry:
“Reported methane emissions from (the) petroleum and natural gas systems sector have decreased by 12% since 2011, with the largest reductions coming from hydraulically fractured natural gas wells, which have decreased by 73% during that period,” according to the EPA itself.
Oil from shale has created jobs, lowered fuel prices and generally been the one bright spot in an otherwise lackluster economy. And it has been done without Federal help. Now the government is going to step in and impose onerous requirements on that will both slow production and raise production costs (then when prices go back up it will blame greedy oil companies).
You’d almost think the guy in the White House had once promised that energy prices would rise to very high levels under his administration.
The “this”? Keystone XL pipeline. Why is the president at all involved in this decision? Why is he threatening a veto if the Republican Congress passes a bill authorizing it?
The nation’s pipelines are a transportation system. Pipelines enable the safe movement of extraordinary quantities of energy products to industry and consumers, literally fueling our economy and way of life. The arteries of the Nation’s energy infrastructure, as well as one of the safest and least costly ways to transport energy products, our oil and gas pipelines provide the resources needed for national defense, heat and cool our homes, generate power for business and fuel an unparalleled transportation system.
The nation’s more than 2.6 million miles of pipelines safely deliver trillions of cubic feet of natural gas and hundreds of billions of ton/miles of liquid petroleum products each year. They are essential: the volumes of energy products they move are well beyond the capacity of other forms of transportation. It would take a constant line of tanker trucks, about 750 per day, loading up and moving out every two minutes, 24 hours a day, seven days a week, to move the volume of even a modest pipeline. The railroad-equivalent of this single pipeline would be a train of 75 2,000-barrel tank rail cars everyday.
Pipeline systems are the safest means to move these products.
The source? The Pipeline and Hazardous Materials Safety Administration of the Department of Transportation. Yes, that’s right, the US government. Executive branch.
Note the facts – 2.6 million miles of pipeline safely moving petroleum products 24/7. Look at would be required without them.
Oh, wait, look what’s required without Keystone – trucking and railcars, of course. And who has a major stake in those operations continuing? You know how this works … follow the money.
Can you say “cronyism”?
Sure you can.
The most “transparent administration”, ever!
Btw, GOP … make his veto it or forever be held as the cowards most think you are (after all, you didn’t even have the courage to dump Boehner).