Oil

ATR Alert: American Energy Freedom Day

Posted by E!! on October 01, 2008
Blogs of Nevada, Energy Policy, Harry Reid, House, Nancy Pelosi, Oil, Senate / No Comments

My friends at ATR reminded me that last night, September 30th, at midnight, the bans that have been in effect since 1982 on domestic shale oil and outer continential shelf drilling expired.

Don’t throw a parade just yet, though.

 ATR points out that in February of this year there were 487 leases issued in Alaska’s Chukchi Sea, which holds an estimated 15 billion barrels of oil, however – due to frivolous lawsuits – all 487 leases are delayed.

 Also, there are 748 leases between two major seas in Alaska, the Chukchi and Beaufort, and exploration in every single lease was legally challenged in May of this year. 

 You may want to give your senator or congressman a call on this.  And also feel free to give a shout out to congressional leaders Rep. Pelosi and Sen. Reid a call and tell them to pass expedited leasing, state profit sharing, and judicial review legislation.   Here’s their info:

 Sen Reid:

Reno, NV Office Contact: 

Phone: 775-686-5750

Washington DC Contact: 

Phone: 202-224-3542

 Rep. Pelosi:

San Francisco, CA Office Contact: 

Phone: (415) 556-4862

Washington, DC Office Contact : 

Phone: (202) 225-4965

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Caption It @ #dontgo

Dontgomovement.com has a “Caption It” graphic challenge up today.  Check it out and give it your best shot!

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Good Grief

There’s one in every crowd.  Or in this case, five…Republicans, that is, who are muddying the waters of the clearest issue facing the GOP this fall:  energy and offshore drilling.  In response to voter discontent over high gas prices and polling near 80% in favor of offshore drilling, the majority of GOP has (wisely) gone after the Dem anti-drillers in the House.  Enthusiasm for the cause has given new life to conservative candidates who were losing oxygen in tight races.

Enter Senators Lindsey Graham (R-SC), John Thune (R-SD), Saxby Chambliss (R-GA), Bob Corker (R-TN) and John Isakson (R-GA) who, along with five Senate Democrats, have announced that their ”Gang of 10″ wants a “sweeping” and “bipartisan” energy plan to break the ”stalemate.”  Sounds good, right? 

Not really.  The bill says new production on offshore federal lands would be left to the state legislatures, and then in only four coastal states. The regulatory hoops and hurdles are huge.  The bill prohibits drilling within 50 miles of the coast — keeping some of our most potentially productive areas closed.  ANWR would still be  a no-go. AND the plan contains $84 billion in tax credits, subsidies and handouts for alternative fuels and renewables…to be paid for (drum roll) by raising taxes on oil companies!

Boys, we’ve been over this umpteen times:  we need to open up all lands in all coastal states, keep the red tape to a minimum, drill wherever the oil is, tap ANWR, and get it straight that raising taxes on oil companies means raising the price of gas for consumers, because Big Oil will just pass the hikes down to the man at the pump.

These five Republicans need to re-think their agenda and quick, before November voters hit the ballot booths.  If you wish to express your thoughts and feelings to any of the senators, here are links to their contact pages:

Kent Conrad (D-ND)
Saxby Chambliss (R-Ga.)
John Thune (R-S.D.)
Lindsey Graham (R-S.C.)
Blanche Lincoln (D-Ark.)
Mary Landrieu (D-La.)
Johnny Isakson (R-Ga)
Bob Corker (R-Tenn.)
Mark Pryor (D-Ark.)
Ben Nelson (D-Neb.)

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#dontgo: The Sequel

Posted by E!! on August 11, 2008
#dontgo, Energy Policy, GOP, House, LOL, Oil, Washington D.C. / No Comments

Not content to let Eric & Allen & Friends have their Happy Ending, Progress Illinois took the Open Left talking points about #dontgo that Eric had debunked on his blog earlier and ran it as fact without doing any checking.  From the Progress Illinois site:

Let’s be clear. This is a “movement” that originated at the highest level of powers in Washington. It’s a movement that, if successful, would benefit large oil companies and their rich executives far more than the average American consumer. It’s a movement with protests populated by paid staffers from industry-funded organizations. In short, there is nothing “grassroots” about it.

ROFL

Anyone who knows Eric “the Libertarian” Odom knows he is as anti-establishment as it gets.  He isn’t In with the Insiders in D.C. in any way, shape or form.  I’ll grant that Eric’s day job is a paid consultant for Sam Adams Alliance, but Eric blogs and Twitters on the side (and only WISHES he got paid to do it). 

Eric and Allen are two very enterprising individuals who threw up the Twitter tag, purchased the two #dontgo-affilliated domain names and built the dontgomovement.com website on their own dime and on their own time.  They were not paid by Big Oil fat cats, mythical “industry-funded organizations,” or Newt Gingrich.  The huge influx of Twitterers and bloggers happened because a lot of good citizens are angry about the lack of Congressional action on energy and were/are interested in what was/is happening on on the House floor…and the Twitter feed was/is the best way to follow the play-by-play.

Isn’t it interesting that the Left just cannot FATHOM the concept of a committed activist who isn’t getting paid and/or receiving some personal benefit for championing a cause?  Seems to me their accusations and protests are very revealing.  One wonders how many staffers at Open Left, Progress Illinois, or MoveOn.org would spend their own time and money trying to get something worthwhile done.  Not too many, I’m guessing.

So, anyhoo, just know that Progress Illinois got the story Wrong.  Not surprising, considering they never bothered to contact Eric and took their talking points from an outdated, debunked post on Open Left…which, by the way, continues to get the story wrong.  To borrow Open Left’s oh-so-sophisticated Slam-fest sum-up which simultaenously insists #dontgo is (1) backed by “the highest levels of power in Washington” and (2) “insignificant”:  whatever!   If Dontgomovement.com is so insignificant, why is the national media all over it – and why are you guys still writing about it?

(For those of you who do not know the whole back story, you can read my post from yesterday and/or catch Mary Katherine Ham’s piece in the Washington Examiner.)

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Wait Just a Cotton Pickin’ Minute

Posted by E!! on August 11, 2008
ANWR, Energy Policy, House, Oil, Washington D.C. / No Comments

When gas prices fell below $4.00 a gallon, did anyone else feel a fleeting moment of happiness, quickly followed by this thought:  ”Hey, how is it that I feel GOOD about paying $3.85 a gallon for gas?!” 

The fact is, we’ve been gouged into thinking that anything under $4.00 a gallon is good.  To bring yourself back to reality, see this graphic.  To do something about it, go here.

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David, Goliath and The New Media

Posted by E!! on August 11, 2008
Conservative, Energy Policy, House, Liberty, Oil, Washington D.C. / 5 Comments

I just love a good David-and-Goliath story.  And as a blogger at Blogivists and friend of Eric Odom, I’ve got a front row seat to a good one.  Strap in and hold on tight as we go on a whirlwind tour of the recent refusal of House Republicans to adjourn without voting on offshore drilling, the #dontgo Twitter tag movement, an attempted sabotage of #dontgo by MoveOn.org and the subsequent launch of a hot new conservative website.  The story goes like this:

Two Fridays ago, Madame Pelosi ajourned the House over GOP objections.  Dems sprinted for the door like kids on the last day of school.  The mics were silenced; the lights were unlit; the CSPAN cameras were killed.  Even so, a few GOPers who wanted a vote on offshore drilling refused to leave the Floor.  Rep. Culberson (R-TX) and Rep. Hoekstra (R-MI) started Twittering (mini-blogging) while Rep. Boehner (R-OH) addressed those still present and Rep. Blunt (R-MO) talked to reporters in the press gallery.

Meanwhile, back in Chicago, a couple of regular guys – Eric Odom and Allen Fuller - threw up the Twitter tag “#dontgo” so the mini-blog reports and emails coming in could be easily searched/tracked.  The tag was chosen to support the GOP hold-outs, as in “don’t go until something is done on energy.”  Reps and staffers started using #dontgo to call the action.  Though the CSPAN cameras were dead, some video of the goings-on was captured on Rep. Culberson’s cell phone and broadcast on qik.com

Word began to spread.  MoveOn.org got wind of the Twitter feed and started spamming with irrelevant messages – but rather than jamming #don’tgo, all the spam pushed the tag to the top of Twitter’s list.  (Rob Neppell has since created a low-on-spam version of the Twitter Stream so it is virtually spam free.)

As the Twitter community chirped on, Fuller purchased the domain name dontgo.us; Odom installed WordPress, created some graphics, and wrote some copy and petition (sign here!); and the two took the site Live and began sending out links.  Media forces like Media Lizzy helped Eric and Allen spread the word.  On Tuesday morning, encouraged by the momentum, the duo threw up a jazzier replacement website called Dontgomovement.com to serve as hub.  Thousands of hits started coming in and within a few hours, Eric was contacted by reporters from several major media outlets, including CNN.

The CNN story went live just after the site was opened up, and the story was followed by The Next Right, Red State, Politico, Michelle Malkin, HotAir, Washington Examiner, and scores of bloggers. This wave of attention sent more than 60,000 unique visits to the new site within 24 hours.  Eric has been swamped with emails and already has a good-sized (10,000) mailing list compiled.  The e-mail RSS subscriber list is about 1,200 strong and the #dontgo Twitter Army marches on.

And so it came to be that a couple of fast-on-their-feet guys planted a Twitter tag on Friday and by Wednesday, their new website had been slingshot into national media attention.  Bloggers and Twitterers and web publishers should take a page from that playbook.  This is the “New Media” at its best:  alert, agile and ready to fight the Giants.

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American Future Fund Strikes at Reid Again

Posted by E!! on August 06, 2008
ANWR, Blogs of Nevada, Harry Reid, Oil, Senate, Washington D.C. / No Comments

AFF is on Reid’s case again, this time via the radio airwaves in Nevada.  Here’s part of the transcript:

How’s Harry Reid using his position as Majority Leader to help lower gas prices?  Reid and Congress just took a five week vacation – instead of working to lower gas prices. Congress found time to pass National Apple Month, but Reid continues to block votes to explore for energy in America.

America has huge energy reserves, but Congress has placed up to 85 percent of them off-limits. Reid repeatedly blocks efforts to lift the moratorium on safe exploration off our coasts. Reid opposes exploring a tiny portion of Alaska – less land than the Las Vegas airport – and he’s against developing our massive oil shale reserves.

Call Harry Reid: 702-388-5020. Tell him his vacation should end and the Senate should vote on S. 3202.”

Hat Tip:  PolitickerNV

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Not Going Home

Posted by E!! on August 03, 2008
Congress, Energy Policy, House, Oil, Washington D.C. / No Comments

Here’s some video footage from the press conference that followed the Republicans’ attempt to reconvene the House on Friday.  At one point it was stated that the Republicans are not going home until the Dems agree to re-adjourn and vote on energy – or until W. orders a Special Session.  I hope they stick with it.  Nobody in Congress has any business taking a vacation until the People’s business is done.

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What Fun: A Little Rebellion in the House

Here’s a detailed blow-by-blow (from the Crypt blog at Politico) and a fun page on Free Republic re: what went down in the House today after Pelosi & Co. adjourned, turned off the lights, and thus abdicated their responsibility to vote on energy.  Here’s a sum-up:

Pelosi & Pals adjourn, having failed to schedule a vote to allow offshore drilling (11:23 a.m.)  They turn off the lights, kill the mics, and head home.

Minority Leader John Boehner (R-OH) and other GOPers indignantly opposed the motion to adjourn.  A few GOPers stayed on the floor and continued to debate.  As word spread, the crowd on the floor began to grow.

Dem aides were steamed at the “stunt” and had reporters kicked out of the Lobby.  Capitol PoPo were also busy kicking people out of the press gallery but stopped when Minority Leader Roy Blunt (R-MO) went up to talk to reporters.  Blunt’s office sent out a message asking all Republicans still in town to come to the House floor.

The Dems turned out the lights (again).

The Republicans sent out word that they were looking for a bullhorn and also sent aides out to round up members to come to the floor.  Shadegg started typing random codes into the chamber’s PA system and accidentally hit the right code to turn on the microphones (cheers!) but then they subsequently went off again (groans).

Members were pacing the floor, making speeches, standing on chairs.  Visitors were cheering loudly.  At one point Manzullo (R-IL) gave a rousing speech and brought the crowd to its feet.  Applause and cheering echoed in the chamber.

Rep Nunes (R-CA) crowed, “I am a Democrat and here is my energy plan.”  He then paraded around the House floor holding up a picture of an old VW Bug with a sail attached to it.  (LOL)  More cheering.

At 5:00, Tom Price (R-GA) announced the end of the protest and led the chamber in a round of “God Bless America.”  Assembled visitors, aides, souriest, and members gave a standing ovation.

Question:  Since the C-SPAN cameras were off, didn’t anyone think to try to sneak in a video tape so we could have some fun watching the footage on You Tube and/or FNC?

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Market Speculators: Schumer’s Dirty Word

!!

Did anyone else feel the urge to choke the living daylights out of Chuck Schumer this week?  If not, you must have missed the Senate floor speech in which he re-opined the tired line that if only the Saudis would produce “half a million barrels more oil a day, the price [of oil] would come down a very significant amount.” 

 

Why does this statement make my blood pressure rise and my fingers twitch?

 

Because the tiny impact area within ANWR – a size ratio equivalent to a dime on a 4 x 8’ table – is projected to produce ONE MILLION barrels a day, every day, if only we would drill.  And because Schumer’s (true) statement that a greater immediate supply would reduce prices falls short of saying what is also true:  that even the ANTICIPATION of a greater FUTURE supply would decrease prices in the Now.

 

Schumer’s other infuriating comment – that more drilling would “stop the speculation that keeps driving up the price of oil” – also missed the proverbial mark.  Speculators wouldn’t “stop” if the Saudis drilled more, because speculation in free markets never stops.

 

Instead, speculators (also known as investors, also known as buyers and sellers, also known as people trying to earn money for their families and futures) would anticipate the increased oil supply, begin to sell for less, continue to drop prices as volume increased, and thus reverse the current market trend of charging a per barrel premium for what is currently a too-scarce commodity. 

 

Perhaps  “speculation” would then stop being a dirty word and be seen as what it really is:  the natural response of the market to the forces of supply and demand.  

 

For those not convinced that these tenets of ECON 101 are true, please note that we’ve already seen the evidence.  As Larry Kudlow reported the other day on NRO, oil prices dropped $9 per barrel the day after the offshore drilling moratorium was lifted by the president.  This is no coincidence.  It is case-and-point and perfectly illustrates what speculation really IS – not a crime against humanity, but the market doing what markets tend to do:  try to anticipate the future and adjust.

 

It is maddening that the same people who want to spend billions on economy-choking “climate change” measures that might (MIGHT!) reduce temperatures by one quarter degree over the next one-half century cannot see the wisdom of opening a tiny piece of ANWR in return for a sure thing over the next one to ten years.

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Twinkle Twinkle Little Star

Posted by E!! on June 30, 2008
2008 Elections, Energy Policy, Oil, Senate, Washington D.C. / No Comments

Each summer the ancient Greeks would sacrifice a brown dog to appease Sirius, the Dog Star, believing it to be the source of the hot, oppressive weather.  Known as caniculares dies or “days of the dogs,” high summer was thought to be a time of evil when the “seas boiled, wine turned sour, dogs grew mad, and all creatures became languid, causing to man burning fevers, hysterics, and phrensies” (Brady’s Clavis Calendarium, 1813). 

Though animal sacrifices to imaginary gods are no longer in vogue, it seems we are still prone to blaming far-away stars for our troubles.  The pains of the current energy shortage have been attributed to OPEC, international futures traders who conspired to drive up oil prices, and foreign forces driving down the U.S. dollar.

The true cause of our decline can be found much closer to home:  in the stagnating halls of Congress.  Our Legislators have failed to open domestic lands and seas to energy exploration, drilling, and new refineries and so billions of barrels of domestic oil are being kept off the market.  As a result, gas has now reached $5 a gallon in some parts of the country.

Arguments that it would take ten years to bring new supplies online sound hauntingly familiar.  Hm…  Oh yes:  it’s exactly what was said ten years ago when the nation last debated this issue.  The short-term thinkers won the last round; will they do so again now?

Critics also argue that we should be focusing on renewable energy sources like solar, wind, and bio-fuels.  Fine, yes, good.  But solar power and windmills can’t take the place of oil in the U.S. economy, and the ”encouragement” (mandates and massive subsides) of bio-fuels has driven up food prices so that we are now paying more at the grocery store as well as the gas station.

Increased domestic oil production is part of the answer.  Our technology enables us to drill with very little impact on the environment (and certainly in more ecologically friendly ways than many of the nations from whom we’re currently buying oil).  Let’s do it, then, while also developing techonologies that might one day enable us to power our nation without oil.

As for the cap-and-trade and windfall profits tax bills the Democrats tried to push through the Senate, we can thank our lucky stars they didn’t pass.  What worries me is what may happen when the dog days of summer are gone and the cool winds of November come a blowin’. 

If the GOP loses contested Senate seats and we elect a president who favors the artificial rationing of energy despite current shortages and high prices, we may well find ourselves wishing on a star for the good ol’ days of $5 a gallon gas.       

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