Energy Policy

Obama falsely claimed U.S. oil production at an all-time high

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Giving false hope, Obama claimed several times last year that U.S. oil extraction was at an all-time high, when actually it’s in a long-term decline. Whatever people say about the future, at least I hope we can be honest about the past, and put our current position in a long-term perspective. That’s not too much to hope for, is it?

The peak oil crisis: On closing our refineries

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Here is one more thing for those of us who live in the northeastern U.S. to start worrying about – the refineries that make our gasoline, diesel, heating oil, etc. are dropping like flies.

In today’s economy, these refineries are simply losing so much money that their owners who are not major oil companies that make billions from oil production are having put them up for sale or close them down.

Fracking: Anatomy of a free market failure

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Social scientists often cite the handicap that we are not permitted to conduct experiments on humans as an excuse for why social science advances more slowly than the physical sciences. But fracking provides an interesting social experiment playing out right before our eyes. In Pennsylvania, gas and natural resource companies have been sufficiently powerful to prevent passage of a statewide ban on fracking; as a result 8000 permits have been issued and 4000 wells dug since 2008. Just across the Delaware River, New York State has issued a temporary ban on fracking in Marcellus Shale pending release of a study and new regulations by the New York State Department of Environmental Conservation. The issue has become so controversial that the NYSDEC report may now be delayed until 2013.

Fossil fuels vs. renewables: the key argument that environmentalists are missing

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Mark Twain is reported to have said: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” What most environmentalists think they know for sure is that oil, coal and natural gas are all abundant-so abundant, in fact, that many environmentalists believe they are forced to make a Hobson’s choice of natural gas as a so-called “bridge fuel” to a renewable energy future.

How the pipeline died — and how to bury it for good

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This Wednesday afternoon, the Obama administration rejected the permit for Keystone XL, a 1,700 mile oil pipeline that would have run from the tar sands of Alberta to refineries on the Gulf of Mexico. The announcement is a huge victory for the grassroots climate movement. While the fight to stop the Keystone XL pipeline is over for now, the political battle over the consequences of Obama’s decision is just beginning. Big Oil front groups like the American Petroleum Institute and the U.S. Chamber of Commerce are already spending millions of dollars on TV ads to bash the President over Keystone XL.