Posts tagged ‘domestic energy’

September 23, 2011

OPEC’s $1 Trillion Cash Quiets Poor on Longest Ever $100 Oil

OPEC’s $1 Trillion Cash Quiets Poor on Longest Ever $100 Oil.

Sept. 20 (Bloomberg) — Saudi Arabia will spend $43 billion on its poorer citizens and religious institutions. Kuwaitis are getting free food for a year. Civil servants in Algeria received a 34 percent pay rise. Desert cities in the United Arab Emirates may soon enjoy uninterrupted electricity.

Organization of Petroleum Exporting Countries members are poised to earn an unprecedented $1 trillion this year, according to the U.S. Energy Department, as the group’s benchmark oil measure exceeded $100 a barrel for the longest period ever. They are promising to plow record amounts into public and social programs after pro-democracy movements overthrew rulers in Tunisia, Egypt and Libya and spread to Yemen and Syria.

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September 9, 2011

Rep. Doc Hastings Offers 10 Ideas for Creating Energy Jobs

Rep. Doc Hastings Offers 10 Ideas for Creating Energy Jobs.

House Natural Resources Committee Chairman Doc Hastings is urging President Barack Obama to consider 10 ways to create new jobs in the nation’s energy sector.

“With unemployment still near 10 percent, it’s fair to ask the question — what will be different this time?” the Washington Republican said Thursday.

September 7, 2011

The Associated Press: Oil industry: Boost in energy could create 1M jobs – Matthew Daly

The Associated Press: Oil industry: Boost in energy could create 1M jobs.

WASHINGTON (AP) — Government policies to increase domestic energy production could create up to a million jobs over the next seven years, the oil industry says in a new report aimed at influencing the political debate over jobs.

The American Petroleum Institute says in a report being released Wednesday that proposals to expand offshore oil drilling, boost production of natural gas in New York and other states and build a Canada-to-Texas oil pipeline could boost the U.S. economy.

September 1, 2011

In 10 Years, This State Will Produce 25% Of America’s Natural Gas – Seeking Alpha

In 10 Years, This State Will Produce 25% Of America’s Natural Gas – Seeking Alpha.

Pennsylvania.

It’s nicknamed the “Keystone State.” But if current natural gas production trends continue at this pace, we may have to rename it something a bit more “energetic.”

August 24, 2011

Political Notes: Bartlett Supports Alternative Fuel Research -The Frederick News-Post Online – Bethany Rodgers

The Frederick News-Post Online – Frederick County Maryland Daily Newspaper.

The U.S. congressman who represents the district including Frederick County recently released a statement encouraging support of a bill to increase production of cars that run on non-petroleum fuels.

Rep. Roscoe Bartlett, R-6th, also criticized a U.S. Department of Energy report about federal subsidies of energy sources, saying it should have centered more on transportation than electricity. While the country has many ways of generating electricity, oil prices are pinching the wallets of many Americans, he said.

August 24, 2011

Ethanol Rises as Report Shows Signs of Increased Blending Demand – Bloomberg – Mario Parker

Ethanol Rises as Report Shows Signs of Increased Blending Demand – Bloomberg.

Ethanol futures rose a seventh day in Chicago, extending the longest winning streak in three months, after a government report showed increased demand for the biofuel.

“The drop in gasoline stocks lent some support to ethanol,” said Matt Janney, a trader at Citigroup Global Markets Inc. in Chicago. “Ethanol stocks were off, too. It seems to be getting good support.”

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.