Results tagged “energy tomorrow”

More voices are speaking out against the climate legislation being considered on Capitol Hill. Here's a sampling of some of the statements and studies that have been in the news during the past couple of days.

More voices are speaking out against the climate legislation being considered on Capitol Hill. Here's a sampling of some of the statements and studies that have been in the news during the past couple of days.

House and Senate leaders are continuing to push for climate legislation despite the fact that far fewer people believe that global warming is a serious problem, according to a new survey released today by the Pew Research Center for the People & the Press. The survey, conducted among 1,500 adults from Sept. 30-Oct. 4, shows that 35 percent of respondents believe global warming is very serious as compared with 44 percent in April 2008.

House and Senate leaders are continuing to push for climate legislation despite the fact that far fewer people believe that global warming is a serious problem, according to a new survey released today by the Pew Research Center for the People & the Press. The survey, conducted among 1,500 adults from Sept. 30-Oct. 4, shows that 35 percent of respondents believe global warming is very serious as compared with 44 percent in April 2008.

As I've discussed on this blog, I recently traveled with a group of bloggers to visit man-made islands where drilling for oil and natural gas occurs in coastal waters--the THUMS Islands in Long Beach, CA.

As I've discussed on this blog, I recently traveled with a group of bloggers to visit man-made islands where drilling for oil and natural gas occurs in coastal waters--the THUMS Islands in Long Beach, CA.

One of the most reliable barometers of drilling activity is the Baker Hughes rig count. Since 1944, Baker Hughes, an oil services company that produces drill bits, has been issuing weekly counts of U.S. and Canadian rotary drilling rigs that are actively drilling for oil and natural gas. The weekly figures are released at noon on the last day of the work week and are regular features in many energy industry magazines and newsletters.

One of the most reliable barometers of drilling activity is the Baker Hughes rig count. Since 1944, Baker Hughes, an oil services company that produces drill bits, has been issuing weekly counts of U.S. and Canadian rotary drilling rigs that are actively drilling for oil and natural gas. The weekly figures are released at noon on the last day of the work week and are regular features in many energy industry magazines and newsletters.

The Weyburn oil field in southern Saskatchewan is the largest greenhouse gas storage facility in Canada. Under a project sponsored by the International Energy Agency, academic institutions and industry partners, the oil field is being injected with carbon dioxide (CO2) piped from a North Dakota coal gasification plant. By injecting CO2 into the oil-bearing rock formation, it's believed that the oil field's life could be extended by 25 years while providing storage for 20 million tons of CO2.

The Weyburn oil field in southern Saskatchewan is the largest greenhouse gas storage facility in Canada. Under a project sponsored by the International Energy Agency, academic institutions and industry partners, the oil field is being injected with carbon dioxide (CO2) piped from a North Dakota coal gasification plant. By injecting CO2 into the oil-bearing rock formation, it's believed that the oil field's life could be extended by 25 years while providing storage for 20 million tons of CO2.

Yesterday, Interior Secretary Ken Salazar announced that a second round of oil shale research and development on leases with vastly diminished potential commercial acreage will resume.

Secretary Salazar's decision is a positive step in the process of developing the innovation and technology needed to bring production from the nation's vast oil shale resources to American consumers.

Yesterday, Interior Secretary Ken Salazar announced that a second round of oil shale research and development on leases with vastly diminished potential commercial acreage will resume.

Secretary Salazar's decision is a positive step in the process of developing the innovation and technology needed to bring production from the nation's vast oil shale resources to American consumers.

In this episode, Jane Van Ryan interviews the Heritage Foundation's Ben Lieberman, senior policy analyst on energy and the environment, on his recent paper, "Five Things Congress and the President Are Doing to Bring Back Sky-High Gas Prices."

In this episode, Jane Van Ryan interviews the Heritage Foundation's Ben Lieberman, senior policy analyst on energy and the environment, on his recent paper, "Five Things Congress and the President Are Doing to Bring Back Sky-High Gas Prices."

Another voice in the news can be added to the list of those favoring increased access to our nation's offshore oil and natural gas resources. Last week, a Florida Sun-Sentinel op-ed authored by Dave Mica, executive director of the Florida Petroleum Council, discussed the new jobs, increased revenues, and energy security that offshore energy development could bring to the nation and the state of Florida--all with minimal impact to the surrounding environment.

Another voice in the news can be added to the list of those favoring increased access to our nation's offshore oil and natural gas resources. Last week, a Florida Sun-Sentinel op-ed authored by Dave Mica, executive director of the Florida Petroleum Council, discussed the new jobs, increased revenues, and energy security that offshore energy development could bring to the nation and the state of Florida--all with minimal impact to the surrounding environment.

As we've explained in this blog, there's no doubt that the Waxman-Markey climate bill would be very expensive for American consumers. According to studies, it could increase fuel costs, kill millions of jobs and increase the amount of refined fuels imported from overseas. An issue we have not yet discussed is that there is another provision that could result in a massive transfer of wealth from the United States to other countries.

The provision allows for international offsets, which means companies that are having difficulty meeting their U.S. greenhouse gas (GHG) emission allowance obligations can pay to reduce emissions elsewhere in the world by purchasing international offsets. On the surface, this might appear to be a reasonable--and altruistic--way to recognize that climate change is a global problem. But in actuality, it is an extremely costly experiment that could fall on the backs of American consumers.

As we've explained in this blog, there's no doubt that the Waxman-Markey climate bill would be very expensive for American consumers. According to studies, it could increase fuel costs, kill millions of jobs and increase the amount of refined fuels imported from overseas. An issue we have not yet discussed is that there is another provision that could result in a massive transfer of wealth from the United States to other countries.

The provision allows for international offsets, which means companies that are having difficulty meeting their U.S. greenhouse gas (GHG) emission allowance obligations can pay to reduce emissions elsewhere in the world by purchasing international offsets. On the surface, this might appear to be a reasonable--and altruistic--way to recognize that climate change is a global problem. But in actuality, it is an extremely costly experiment that could fall on the backs of American consumers.

Two reports indicate that oil demand has probably peaked in the United States and other developed countries and will not exceed pre-recession levels. According to IHS Cambridge Energy Research Associates (CERA), oil demand in developed countries, which accounts for 54 percent of overall oil demand, likely peaked in 2005.

Two reports indicate that oil demand has probably peaked in the United States and other developed countries and will not exceed pre-recession levels. According to IHS Cambridge Energy Research Associates (CERA), oil demand in developed countries, which accounts for 54 percent of overall oil demand, likely peaked in 2005.