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POPSBravo For Bush And Bravo For The Traders
Well, if Congress moves to seal the deal, oil prices will probably keep on falling. That’s the way traders work. They discount the future. Psychology and expectations can turn on a dime. The congressional ban on offshore drilling expires September 30, so that becomes a key date. A new report from Wall Street research house Sanford C. Bernstein says that California actually could start producing new oil within one year if the moratorium were lifted. The California oil is under shallow water and already has been explored. Drilling platforms have been in place since before the moratorium. They’re talking about 10 billion barrels worth off the coast of California. There’s also a “gang of 10” in the Senate, five Republicans and five Democrats, that is trying to work a compromise deal on lifting the moratorium. So it’s possible a lot of action on this front could occur much sooner than people seem to think. Deregulate, decontrol, and unleash the American energy industry.
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POPSUndoing America's Ethanol Mistake Expanding biofuels while refusing to take other measures, such as lifting the ban on oil and natural gas production in Alaska and the Outer Continental Shelf, is counterproductive. We should be tapping into a broad portfolio of energy options, including clean coal, nuclear power and wave energy. By taking these measures, we can enable biofuels to be part of the energy solution, instead of contributing to the energy problem. Restraining the dangerous effects of artificially inflated demand for ethanol should be an issue that unites both conservatives and progressives. As a recent Time cover story pointed out, biofuel mandates increase greenhouse gasses and create incentives for global deforestation. In the Amazon basin, huge swaths of forest are being cleared to meet the growing hunger for biofuels. In addition, relief organizations are facing gaping shortfalls as the cost of food outpaces their ability to provide aid for the 800 million people who lack food security.
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POPSObama backs some drilling, tapping oil stockpile Putting his finger in the wind. The majority of Americans want drilling, so McCain's 'receptive audience' is the American people. Yes, the policies of the past decades have contributed to this *crisis*, but had he been a part of the Democrat government in Congress all those years, he would have stood with them. But then, he was just a baby and didn't know squat...and now he's an expert?
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POPSBush to lift executive ban on offshore drilling At last! A tiny step and only one. I hope America's industries are making all-out efforts to finally deal with our energy-producing block. Follow all the avenues and options to end our begging for energy. Think of what it might mean for our foreign policy options.
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POPSBill To Increase Domestic Oil Production Included in the legislation is a measure authored by Senator Jim Bunning which would establish a program to help support and promote clean, coal-to-liquid fuels. “I appreciate Senator Bunning’s leadership on the issue of promoting greater use of technology to convert coal into liquid fuel,” Senator McConnell said. “The more fuel derived from coal we can use, the less oil we will need, thus reducing prices at the pump.” Coal is a vital part of America’s energy production, and an important part of Kentucky’s economy and history. The coal industry creates over 60,000 jobs in Kentucky, including approximately 15,000 coal miners. Over half of the country’s electricity is generated by coal, and coal constitutes over 90 percent of America’s fossil-fuel resources.
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POPSOil and Democrats Who is responsible for the high price of oil? And who supports even further price increases in oil? Obama and the democrats.
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POPS Double-Talking On The Law Of The Sea Treaty John McCain has been in support of ratification of the treaty that would sell out American sovereignty to the corrupt United Nations bureaucrats. Here’s a listing of McCain’s various statements on the treaty: * McCain joins liberal Republican Senators Susan Collins and John Chafee in a 1998 letter to the Senate Foreign Relations Committee urging immediate consideration and approval of the Law of the Sea. * McCain declares to Senator Richard Lugar in 2003 that he wants to testify in support of ratification but a scheduling conflict prevented his appearance before the Foreign Relations Committee for this purpose. * McCain submits written testimony in 2003 in support of the treaty to the Foreign Relations Committee. * McCain tells conservative bloggers on October 25, 2007, that he would “probably” vote against it because it negatively affects U.S. sovereignty. Ronald Reagan rejected "LOST" and so should we.
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POPSArctic hot news "Since August this year, repeated news of wrangles and disputes from both poles of the earth have been imbued with a "strong smell of gunpowder,"instead of common stories merely about explorations and adventures."
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POPSOil Crisis Triggers Secret Plans For Acquisition Of World's Seabeds "If the British do not change their approach, we shall have to interpret it as aggression," said President Nestor Kirchner. The forgotten relics of the Empire make Britain a player in the marine race. There are the waters off the Falkland Islands and South Georgia, already home to a clutch of oil exploration companies; the Pitcairn Islands in the Pacific; Diego Garcia in the Indian Ocean; and a string of outposts such as Montserrat, the Caymans, the British Virgin Islands, the Turks and Caicos, and Bermuda. The two-page summary of Britain's submission to the UN gives little away. It merely notes that the UK is providing information on the limits of shelf "beyond 200 nautical miles", adding that there will be further requests.
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POPSChina, Cuba Reported In Gulf Of Mexico Oil Partnership A newly-discovered, huge pool of oil and natural gas lies just slightly to the south of Key West, both in American and in Cuban waters. Despite the fact that we have huge oil reserves waiting to be tapped in the Gulf and in the ANWR area of Alaska, Congressional Democrats continue to oppose any measures that would free us from dependence on foreign oil and lower the price of gasoline and heating oil, while they continue the nonsense of subsidizing the fairy tale of ethanol. These Democrats are talking out of both sides of their mouths when they fake screaming about sending American troops to the Middle East, on the one hand, and then vote to stop the very steps that would help free us from dependence on foreign oil. Their two-faced approach also involves stopping the development of nuclear energy, since the rapid building of nuclear-electric plants would also help free us from this dependence while greatly improving the environment.
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POPSExtracting oil with passion A rather long but an excellent article on oil industry. I just clipped the first paragraphs and it's 5 pages long. I recommend to go to the source URL and read the whole article. Don't expect the scarcity of fossil fuels to drive us toward alternative energy sources anytime soon: we're getting smarter about finding and extracting oil.
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POPSSenate Democrats Offer Energy Plan Amid Price Surge Now, why would they want to "...consolidate previous failed attempts"? :~( No real solutions here; just bandaids, blaming, and blustering. How long will it be before Congress gets the message that WE are serious about these energy problems? Just like everything else, our legislative branch of government talks forever and all the while accomplishing nothing until it's a Crisis? Then they look to their typical scapegoats instead of looking towards themselves.
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POPSFlorida Gov.Crist Calls For End To Feds Moratorium On Drilling Public opinion started to move in favor of oil drilling off Florida after Hurricane Jeanne in 2004 forced many Floridians to wait in long lines for gas, said David Mica, executive director of the Florida Petroleum Council, a lobbying group. Jeanne and other powerful hurricanes that battered Florida in 2004 and 2005 left millions of Floridians struggling to fill their gas tanks because of a lack of electricity to pump the fuel and difficulties getting fresh supplies into Florida. A business group that supports oil drilling release a survey on Thursday saying 61 percent of Florida respondents support increased exploration and production of oil and natural gas off the Florida coasts. "Public opinion is supportive .... t's time to give it a try (drilling) and watch it very closely,'" Mica said. Environment Florida, an anti-drilling advocacy group, said it got an unprecedented response from supporters to a write-in campaign after Crist changed his position.
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POPSPolitical Oil Purely a political move by the administration feels you pain on high gas prices. Oil and natural gas on the OCS is still as off limits as it was before the president made the announcement.
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POPSNaomi Klein: Bush Sees Crises in Fuel, Food, Housing and Banking as Chance to Exploit Us More
... Food, fuel, housing, climate change -- talk about these crises. First, start with oil. Klein: There really is a kind of a tsunami of shocks facing not just the economy but people's lives, people's real lives. They're all intersecting. They're making each other worse. And I think we really are seeing some very live examples of what a write about in the book, which is how there is a strategy. And this is what I mean by "the shock doctrine." There is a clear political strategy, and has been for several decades, to exploit these moments when people are desperate for quick-fix solutions and more inclined to believe in a kind of a magical cure, to push through very, very unpopular policies that don't actually solve the crisis at hand, that don't actually help people, but are incredibly profitable for multinational corporations. And I think we are seeing a very vivid example of this with this speech from George Bush yesterday, where he is taking a very real crisis, which is demandi
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POPSStop The Pelosi Anti-Energy Package! The most common-sense energy solution in the short term is to increase domestic oil production in the United States by allowing more exploration and drilling. Currently, there is a Congressional moratorium on drilling in the Outer Continental Shelf (OCS) that has been in place for 27 years. This moratorium translates into roughly 85% of the OCS that Congress has declared off-limits for oil exploration and drilling. It simply does not make sense for the United States to allow its domestic oil resources to sit unused and depend on other nations in unstable regions of the world for its energy needs.
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POPSGOP And Bipartisan Effort To Force Democrats To Lift A Drilling Ban Washington - As Congress heads into its last week before August recess and political conventions, there's one big item on the must-do list: Action to ease energy costs for American families. ongressional leaders are increasingly deadlocked over what to do. In response, frustrated rank-and-file members on both sides of the aisle are stepping up efforts to find common ground. Rep. Nick Lampson (D) of Texas is now pursuing his own version of an offshore drilling bill that would dedicate all $2.6 trillion in expected royalties to research on alternative energy. Last week, Republicans blocked three Democratic bills in as many days: On Thursday, the House rejected a measure that would have released about 70 million barrels of oil from the nation's SPR. On Friday, Senate Republicans blocked a move that would stop excessive speculation in energy markets. On Saturday, the GOP opposed taking up a $5.1 billion Senate measure to help low-income Americans pay utility bills this year.
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POPSCould this be the reason for higher gas prices? If this is actually the true voting record of these ELECTED officials who are supposed to be doing the peoples work then I have to wonder how many people of the governed actually support the majority opposing views?
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POPSThe DRILL Act (Drill here, drill now!) "Where better to drill than the NATIONAL Petroleum Reserve. That is what it is for. That is why it was set aside. The National Petroleum Reserve. "My colleagues, situated on the North Slope of Alaska, this Reserve is no pipe dream like ANWR - which is a bumper sticker approach of our energy woes. 10.6 billion barrels of recoverable oil! "Far more than ANWR, which is not open to leasing. And if opened, would be far behind bringing energy to Americans than the National Petroleum Reserve. "In Alaska, 35 trillion cubic feet of natural gas has been stranded - think about that - 35 trillion cubic feet of natural gas - because there is no pipeline to bring it to market. Elsewhere, there is 68 million acres of federal lands. Onshore and offshore in the Outer Continental Shelf. Under oil and gas leases. That are not producing. May be subject to speculation. Being warehoused. "I say drill it! Drill it.
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POPSBush Calls Out the Dems Next was ANWR, which can be exploited with "virtually no impact on the land or local wildlife." Finally, refining capacity: It has been 30 years since a new refinery was built in our Nation, and lawsuits and red tape have made it extremely costly to expand or modify existing refineries. The result is that America now imports millions of barrels of fully refined gasoline from abroad. This imposes needless costs on American families and drivers. It deprives American workers of good jobs. Finally, Bush laid the problem once again at the Dems' door: I know Democratic leaders have opposed some of these policies in the past. Now that their opposition has helped drive gas prices to record levels, I ask them to reconsider their positions. If congressional leaders leave for the Fourth of July recess without taking action, they will need to explain why $4-a-gallon gasoline is not enough incentive for them to act. Excellent stuff. We need to do this every single day.
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POPS President Bush Discusses Energy The problem is that Congress has restricted access to key parts of the OCS since the early 1980s. Since then, advances in technology have made it possible to conduct oil exploration in the OCS that is out of sight, protects coral reefs and habitats, and protects against oil spills. With these advances -- and a dramatic increase in oil prices -- congressional restrictions on OCS exploration have become outdated and counterproductive. Republicans in Congress have proposed I call on the House and the Senate to pass good legislation as soon as possible. This legislation should give the states the option of opening up OCS resources off their shores, provide a way for the federal government and states to share new leasing revenues, and ensure that our environment is protected. There's also an executive prohibition on exploration in the OCS. When Congress lifts the legislative ban, I will lift the executive prohibition.
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