Posts tagged ‘American Energy’

September 6, 2011

Guest Column: Energy policy should focus on becoming energy independent – Opinion – Heritage Newspapers

Guest Column: Energy policy should focus on becoming energy independent – Opinion – Heritage Newspapers.

Today, America is under tremendous financial pressure due to our continued federal policies to spend more money than our government brings in. We hear all about entitlement reform and “belt tightening” plans, but energy is mostly ignored.

But, do you realize that America sends one half a trillion dollars to other countries every year in the form of oil imports which contributes to our crisis?

August 31, 2011

Ethanol: U.S.-produced fuel is leading oil alternative – baltimoresun.com – Stephanie Dreyer

Ethanol: U.S.-produced fuel is leading oil alternative – baltimoresun.com.

Karen Hosler’s recent opinion piece calling for an end to ethanol subsidies (“End the ethanol charade,” Aug. 30) uses sweeping generalizations that distort the truth about grain ethanol’s role in fostering America’s energy independence and producing food as well as fuel.

Domestic ethanol is the single-best alternative to foreign oil we have today. In 2010, ethanol reduced imports by 445 million barrels of oil — more oil than we import from Saudi Arabia. And America’s ethanol industry helped reduce farm subsidy payments by $10.1 billion, added $53.6 billion to the economy and reduced gas prices by $34.5 billion.

August 18, 2011

Biodiesel industry producing record volumes, fueling job creation – Biodiesel Magazine | biodieselmagazine.com

Biodiesel Magazine | biodieselmagazine.com. U.S. biodiesel production reached a new monthly high of 81 million gallons in June, according to the latest EPA statistics, marking a third consecutive month of record volumes and continuing a remarkable turnaround in which biodiesel production in the first half of 2011 has already eclipsed production for all of 2010.

Despite the weak economy, the biodiesel industry is on track to produce at least 800 million gallons this year, more than double biodiesel production of 315 million gallons last year, when Congress allowed the biodiesel tax incentive to temporarily lapse. According to a recent economic study, this year’s rejuvenated production will support more than 31,000 U.S. jobs and generate income of nearly $1.7 billion to be circulated throughout the economy. It also is expected to generate an estimated $345 million in federal tax revenue and $283 million in state and local tax revenues.

August 16, 2011

Shale and its Discontents – Robert Bryce – National Review Online

Shale and its Discontents – Robert Bryce – National Review Online. The shale-gas (and shale-oil) revolution is the single most important development in the North American energy sector since the discovery of the East Texas Field in 1930. But you won’t get that story by reading the New York Times.

Instead, two recent articles by Ian Urbina, the Times’ designated reporter on shale development, claim that the shale business is overhyped.

August 16, 2011

Jigar Shah on the Barriers to Energy Innovation – By Reihan Salam – The Agenda – National Review Online

Jigar Shah on the Barriers to Energy Innovation – By Reihan Salam – The Agenda – National Review Online. Shah isn’t advocating deregulation per se. Rather, he is calling for an approach to regulation that emphasizes openness to alternatives. It’s not obvious that this is the right approach, but it does represent a difference in emphasis from Browner.

August 15, 2011

Wind and solar energy are becoming cost competitive | MNN – Mother Nature Network

Wind and solar energy are becoming cost competitive | MNN – Mother Nature Network. Clean sources of energy such as wind and solar will be no more expensive than oil and gas projects by the end of the decade, U.S. Energy Secretary Steven Chu said Wednesday.

President Barack Obama’s administration has been encouraging companies to invest in green growth, calling it a new source of jobs and fearing that other nations — led by China — are stealing the march.

August 15, 2011

Borrowing from the Communists to Pay the Jihadis – Clifford D. May – National Review Online

Borrowing from the Communists to Pay the Jihadis – Clifford D. May – National Review Online. The debt crisis, chronic high unemployment, the tumbling stock market, the credit downgrade — these are — fairly obviously — symptoms of an economy in distress. We might disagree about the best policy responses. But perhaps we can agree on the worst: Borrow massive amounts of money from the Communists who want to diminish us and transfer that wealth to the jihadis who want to destroy us. Surprise: That long has been U.S. government policy. Both Democrats and Republicans have endorsed it and, so far at least, it remains in place.

This reality was driven home last week when China’s rulers, who sit on at least $1.16 trillion in U.S. Treasury securities, scolded “debt-ridden Uncle Sam,” instructing Washington that “the good old days when it could just borrow its way out of messes of its own making are finally gone.”

August 11, 2011

Oil, natural gas extraction is clean, says Gov | Colorado Statesman – Peter Marcus

Oil, natural gas extraction is clean, says Gov | Colorado Statesman. Gov. John Hickenlooper called negative reports concerning dangers associated with hydraulic fracturing “hyperbole,” arguing that there is no scientific fact to indicate that the oil and natural gas extraction process contaminates groundwater in Colorado.

The Democratic governor made his comments Aug. 2 during a keynote address at the Colorado Oil and Gas Association’s annual Energy Epicenter Conference held at the Colorado Convention Center. Hickenlooper himself is an alum of the industry, having worked as a geologist in the 1980s before he ventured into the beer crafting brewing business and later politics. The governor said he would like to see new rules in Colorado that would require the oil and gas industry to disclose ingredients used in the hydraulic fracturing process. But Hickenlooper is not encouraging the disclosure because he thinks the so-called fracking process is dangerous — he believes the public will back off their concerns when they see that the ingredients used in the process, and the process itself, is nothing to worry about in terms of contaminating groundwater.