Oil Industry

FRACKING FACTS

DRIESSEN: Facts, not fears, should govern fracking Misleading claims about shale gas development do not serve the public interest By Paul Driessen – The Washington Times Friday, March 23, 2012 Illustration: Fracking protest by Greg Groesch for The Washington Times It’s been called a “game changer” for good reason. Horizontal drilling and hydraulic fracturing, or […]

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BIG OIL’S TAX DOLLARS ARE SUBSIDIZING THE GOVERNMENT

March 14, 2012 Big Oil, Bigger Taxes The industry sends more money to Washington than to shareholders. EXCERPT FROM THIS ARTICLE:  Exxon Mobil, the world’s largest oil and gas company, says that in the five years prior to 2010 it paid about $59 billion in total U.S. taxes, while it earned . . . $40.5

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OIL BOOM IN NORTH DAKOTA, OIL BUST IN CALIFORNIA

What North Dakota Could Teach California March 11, 2012, While one plays host to a modern-day Gold Rush, the other shuns evil fossil fuels and wallows in debt. By STEPHEN MOORE Williston, N.D. In his speech last week responding to high gas prices, President Barack Obama insisted that “we can’t just drill our way out

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OBAMA’S EXCUSES FOR OIL PRICE RISE

FEBRUARY 24, 2012 ‘Stupid’ and Oil Prices Obama’s Forrest Gump analysis of rising gas prices. ‘The American people aren’t stupid,” thundered President Obama yesterday in Miami, ridiculing Republicans who are blaming him for rising gasoline prices. Let’s hope he’s right, because not even Forrest Gump could believe the logic of what Mr. Obama is trying

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OIL AND GAS BOOM LIFTS U.S. ECONOMY

FEBRUARY 8, 2012 By RUSSELL GOLD Russell Gold/The Wall Street JournalThe Fleetwood Homes factory in Nampa, Idaho, is building more manufactured homes for oil-field workers. NAMPA, Idaho—The staccato of nail guns echoes across a cavernous building here as workers piece together manufactured houses with easy-to-clean linoleum floors and rugged interiors for muddy oil-field workers. There

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ENERGY PRICES ON THE WAY UP

February 6, 2012 Energy Prices Necessarily Skyrocketing: $4 per Gallon of Gas on the Way By Katie Pavlich 2/6/2012 Just two weeks ago the Obama Adminstration rejected approving the Keystone Pipeline, a project that not only would have employed thousands, but would have also provided lower energy costs for millions of Americans. In his own

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KEYSTONE XL PIPELINE STATEMENT – VALERO ENERGY

Below is an email message to Valero employees from the Chairman and CEO of Valero Energy.  They have a large refinery in Port Arthur and Lake Charles. Date: January 24, 2012 To: Valero Employees From: Bill Klesse Subject: Keystone XL Pipeline Statement As you know, the Obama administration decided last week to deny TransCanada’s application

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THE GAS PRICE SPIKE ACT, H.R. 3784

Dems propose ‘Reasonable Profits Board’ to regulate oil company profits By Pete Kasperowicz – 01/19/12 Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a “Reasonable Profits Board” to control gas profits. The Democrats, worried about higher gas prices, want to set up a board that would apply a “windfall profit

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