Browsing All posts tagged under »Oil Production«

Cities, Countries, And Economies Were Built With Derivatives From Oil, Not By Electricity

April 10, 2021 by

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By Ronald Stein ~ Before world leaders move too fast to consummate their climate policies, they need to be cognizant of two “aha” moments: 1) wind and solar can only generate intermittent electricity, and 2) electricity cannot manufacture the oil derivatives that are the basis of the thousands of products that have built the world’s […]

In Responding To Low Oil Prices, Patience Is A Virtue

May 23, 2020 by

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By Nicolas Loris ~ Sometimes the preferred policy solution is to do nothing at all. Take the oil industry, for instance, where many of the proposals from federal and state policymakers would have done far more harm than good by distorting markets and harming consumers. America’s oil producers are by no means out of the woods […]

How The Oil Production Boom Has Benefited America

January 24, 2020 by

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By Jarrett Stepman ~ “We can’t just drill our way out of the problem.” That was the oft-repeated phrase of President Barack Obama,  who throughout his presidency argued that the key to beating higher gasoline prices was to subsidize alternative energies, such as solar and wind. It was a common sentiment from those who fretted […]

House Of Representatives Working To Bring Back Energy Dependence

September 14, 2019 by

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By Craig Rucker ~ The House of Representatives is advancing a series of bills designed to permanently block access to huge portions of America’s vast oil reserves. Dr. Jay Lehr reports at CFACT.org that the House wants endless moratoriums (depending on the bill) on pumping oil in the Atlantic and Pacific outer continental shelf, the […]

Trump Administration Eases Methane Rules On Oil Industry

September 2, 2019 by

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By Fred Lucas ~ The Environmental Protection Agency announced Thursday that it will undo some of the Obama administration’s regulations on methane, which it said could save oil and natural gas producers up to $123 million through 2025. In 2016, the Obama administration imposed limits on methane emissions from oil and gas production after determining […]

What Drives Gas Prices Up, And How We Can Steer Them Down

May 29, 2019 by

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By Nicolas Loris ~ As Memorial Day kicks off the summer season, hotdogs, cold beers, and pool openings aren’t the only things on the minds of Americans. AAA expects a record 37.6 million Americans to hit the road and drive more than 50 miles for the long weekend, which means gas prices are also on […]

Tax Reform Bill Would Give Back Alaskans Control Of Their Energy Future

December 17, 2017 by

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By Nicolas Loris ~ In a compromise tax reform package, Senate and House negotiators have agreed to include language to open Alaska’s coastal plain for energy exploration and production. If passed, the bill would finally give Alaskans more control over their energy future by opening the Arctic National Wildlife Refuge. The entire Arctic refuge comprises […]

One Super Bowl Ad’s Surprisingly Beautiful Message About Oil

February 9, 2017 by

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By Katie Tubb and Richard Sigman ~ When we think of oil, most of us think of fuel for cars and trucks. Oil is certainly crucial to transportation, but a 30-second Super Bowl commercial reminded viewers that too often, the hundreds of other uses of oil go overlooked. The American Petroleum Institute commercial featured a […]

OPEC Agrees To A Production Decrease, Prices Increase – But Could Be Just Right

October 13, 2016 by

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The Saudi gamble, aimed at putting American producers out of business, has failed By Marita Noon ~ At the end of September, the Organization of Petroleum Exporting Countries (OPEC) surprised the markets by agreeing to a production cut. As soon as the 14-nation deal was announced, oil prices jumped more than 5% to some of […]

The Lifting Of This Oil Ban Could Add 800,000 New Jobs

July 7, 2016 by

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By Nicolas Loris ~ Since Congress lifted the long-standing ban on crude oil exports, U.S. companies are taking advantage and Americans are reaping the benefits. This example shows how free market reforms can transform the energy sector and provide a massive boon to consumers. In June, CNN reported that the U.S. reached a sevenfold increase […]

The Ignorance And Hypocrisy Behind Oil Export Bans

February 10, 2014 by

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Help consumers, security, environment by eliminating prohibition on exporting U.S. oil and gas By Paul Driessen ~ US oil and gas production was already declining, when the 1973 Arab oil embargo sent oil and gasoline prices skyrocketing and created block-long lines at gas stations. Increased domestic production could have eased the supply and price crunch, […]

The U.S. is Blocking Energy Wealth and Jobs

November 28, 2012 by

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By Alan Caruba ~ What if I told you that the government was blocking America’s prosperity in the form of enormous untapped energy reserves that represent wealth and jobs that would once again put America on the path to fiscal security and growth? Recently, Matt Vespa, on CNS.com reported that the International Energy Agency released […]

Good News and Bad News on Energy

November 14, 2012 by

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The Patriot Post ~ The Foundation “The essence of Government is power; and power, lodged as it must be in human hands, will ever be liable to abuse.” –James Madison Editorial Exegesis “Sometimes the revolution politicians seek isn’t the one they get. Consider the irony — and the opportunity — in Monday’s report that the […]

Increased Energy Production Would Boost Jobs, Federal Revenue

September 8, 2011 by

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By Lachlan Markay Energy research firm Wood Mackenzie released a report on Wednesday that lends weight to arguments for greater energy exploration and production in the United States. The economic effects of such a policy, the report asserts, would be uniformly positive. The report summarizes its findings thusly: Wood Mackenzie’s analysis found that U.S. policies […]

Opening Access, Not Subsidies, The Key to America’s Energy Future

July 20, 2011 by

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By Nicolas Loris Over the years our federal government has implemented a number of bad policies to reduce dependence on foreign oil. The latest flavor-of-the-month policy is the New Alternative Transportation to Give Americans Solutions (NAT GAS) Act, which would give targeted tax credits to produce natural gas vehicles and heavy-duty trucks. The problem with […]

If I Were Dictator (Part 22)

July 15, 2011 by

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By Marlin6 On 02/05/2008, I authored a post “Benevolent Dictators Make Good Government”. Examples are King David – Israel – (1010 BC –970 B.C.) in ancient times and General Douglas McArthur – Japan – (1945 –1947) in modern times. I started musing about what I would do if I were absolute dictator of the United […]

Obama’s War on Oil, Coal, and America

June 15, 2011 by

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By Alan Caruba If there is a single reason for defeating Barack Obama’s bid for reelection, it would be his energy policies, all of which have been aimed at denying Americans access to their domestic oil as well as our huge reserves of coal. Both energy sources would generate thousands of jobs at a time when unemployment […]

What If Oil Producers Actually Received Subsidies Like Wind Energy Producers?

May 14, 2011 by

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By David Kreutzer, Ph.D. With the current debate over ending oil producers’ subsidies the question arises as to what subsidies do the producers actually get.  It is a surprisingly complicated question.  Wind producers also get subsidies that take complex forms—investment tax credits, production tax credits, mandates, property tax exemptions, etc.  But the major federal subsidy […]

Obama’s Gas Prices Picture Says All the Wrong Words

May 12, 2011 by

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By Nicolas Loris The White House released an infographic entitled “The Obama Energy Agenda & Gas Prices” that highlights a number of facts with regards to domestic oil production, improved fuel efficiency, improved transportation fleet and a clean energy future. While a picture may say a thousand words, this graphic conveniently omits critical facts and […]

Cynthia Tucker: Americans Are The Enemy Due To Oil ‘Addiction’

June 21, 2010 by

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By Noel Sheppard. Pulitzer Prize-winning columnist Cynthia Tucker believes Americans are the enemy of the nation moving in a new energy direction because of what she called our addiction to oil. As the discussion on this weekend’s “The Chris Matthews Show” moved to why President Obama hasn’t attacked energy policy much like Eisenhower did the […]

Obama’s Proposed Tax Increase On Energy Producers: A Formula For Failure

April 6, 2009 by

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Alan Caruba. Oil producing nations such as Saudi Arabia and the Gulf states, along with Venezuela, will grow rich while Americans will be faced with high costs for gasoline, motor and heating oil, and everything else that depends on oil such as asphalt or even Vaseline. Meanwhile, oil producers in America, large and small, will […]

That OPEC Doctrine

September 13, 2008 by

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This article appeared two days back in the news here. It mentions that OPEC will be cutting back production of oil. It was hardly mentioned at all, just a quickly glossed over thing in the one financial report I saw. I can imagine that it even had less reporting in the US. The way I […]