Chris White President Barack Obama’s FY 2017 federal budget repeals oil and gas revenue sharing payments and uses a portion of the money to relocate coastal Alaskan communities supposedly ravaged by “climate change,” prompting global warming alarmists to sing his praises. The Washington Post’s environmental reporter, Chris Mooney, told his readers Tuesday the move to…
Andrew Follett The oil boom in North Dakota is slackening due to low prices, but the region isn’t close to going bust and still has tons of jobs, details a Sunday article in The New York Times. The shale boom has utterly changed North Dakota’s economy, making it the center of America’s rapidly growing oil industry…
Michael Bastasch President Barack Obama has just proposed a $10 tax on every barrel of oil produced in the U.S., but it was just five years ago the president warned making fuel more expensive harms poor people the most. Obama told Georgetown University students in a 2011 speech that “rising prices at the pump affect…
Chris White Crude oil prices rose to $35 per barrel Thursday amid signs the Organization of the Petroleum Exporting Countries (OPEC) and Russia are considering working together to slow the world’s oil production. While the possibility of higher oil pries might mean more pain at the pump for consumers, the same cannot be said for…
Andrew Follett Greenpeace began taunting Democratic candidate former Secretary of State Hillary Clinton on Twitter Wednesday for declining to sign a pledge which would have prevented her from accepting campaign contributions from the coal, oil or natural gas industries. .@HillaryClinton it’s not to late to sign the pledge and reject fossil fuel money! https://t.co/1bKjzjYCnW https://t.co/eoyZcAmd9N — Greenpeace…
Andrew Follett The United States benefited enormously from hydraulic fracturing, or fracking, in 2015; but media outlets have mostly focused on headlines about earthquakes and aquifer pollution — neither of which have sufficient evidence to draw conclusions. From foreign policy to cheap domestic energy and even booming job growth, here are five key stories the media…
Michael Bastasch It’s been one year since Democratic Gov. Andrew Cuomo announced he would ban hydraulic fracturing, or fracking, from happening in New York, and the natural gas-rich Southern Tier has been hemorrhaging jobs. While New York’s economy has added jobs on the whole, jobs are disappearing in regions where natural gas drilling would have…
Russ Read One of the Islamic State’s biggest oil customers is the Bashar al-Assad regime in Syria, a senior U.S. Treasury official said Thursday. “ISIL is selling a great deal of oil to the Assad regime,” Adam Szubin, acting under secretary for Terrorism and Financial Intelligence at the Treasury, said in London according to Reuters. Assad’s forces…
Steve Birr Republicans are eyeing upcoming legislation to force a measure on President Obama that would lift the U.S. export ban on crude oil. “We have antiquated policies that were put in place in the 1970s that prohibit us from exporting our crude oil, yet we have allies around the globe asking the United States to…
Andrew Follett The legal system should be completely changed so that hydraulic fracturing companies can be sued without any burden of proof, according to a law school professor writing in The Wall Street Journal Sunday. “Oil and gas companies should be held liable—whether they have acted negligently or not—if their disposal of fracking waste causes earthquakes.” writes Blake Watson, a professor at…