Posted December 13, 2013
Last week we posted on a new study showing tremendous economic and energy benefits to opening the U.S. Atlantic Outer Continental Shelf (OCS) to offshore oil and natural gas development. The folks at the National Ocean Industries Association have a video out that captures the study’s highlights in a little over a minute.
Posted November 12, 2013
Ethanol Investigation: The Dirty Cost of the Green Power Push
Associated Press: CORYDON, Iowa — The hills of southern Iowa bear the scars of America's push for green energy: The brown gashes where rain has washed away the soil. The polluted streams that dump fertilizer into the water supply.
Even the cemetery that disappeared like an apparition into a cornfield.
It wasn't supposed to be this way.
With the Iowa political caucuses on the horizon in 2007, presidential candidate Barack Obama made homegrown corn a centerpiece of his plan to slow global warming. And when President George W. Bush signed a law that year requiring oil companies to add billions of gallons of ethanol to their gasoline each year, Bush predicted it would make the country "stronger, cleaner and more secure."
But the ethanol era has proven far more damaging to the environment than politicians promised and much worse than the government admits today.
Posted October 28, 2013
This summer we posted on Anadarko’s Lucius spar, the 605-foot-long steel tube that would support the company’s newest Gulf of Mexico production platform. Now Anadarko has released three videos of operations to tow the 23,000-ton spar 340 miles southeast of Corpus Christi, Texas, where it was erected in more than 7,000 feet of water and will be fitted with its topsides – the platform the company expects will begin producing oil the second half of next year. This is must-see video.
Posted October 17, 2013
Three more polls, three more states where strong majorities support oil and natural gas drilling off America’s coasts – for jobs, a stronger economy and a more-secure energy future.
Harris Interactive surveys conducted in Florida, North Carolina and South Carolina found support for offshore drilling among registered voters ranged from 64 percent (Florida) to 77 percent (South Carolina). As was true earlier this week in a poll of Virginia voters on offshore drilling, developing offshore energy goes along with the belief that more access to U.S. energy reserves and more drilling will lead to significant economic benefits and increased U.S. energy security.
Posted October 15, 2013
Virginia is among Mid-Atlantic states under federal consideration for offshore seismic surveying for oil and natural gas. Policymakers should be mindful of a new poll showing that a wide majority of Virginians – 67 percent – favor offshore drilling, as well as increased production of domestic oil and natural gas overall.
Posted June 5, 2013
Ernst & Young has a new study detailing $185.6 billion in total capital spending by oil and natural gas companies last year – the largest in the history of the firm’s oil and natural gas reserves study. Marcela Donadio of Ernst & Young:
The study of U.S. upstream (pre-refinery stage) capital spending by the 50 largest companies (based on 2012 end-of-year oil and natural gas reserve estimates) found a 20 percent increase compared to 2011. Ernst & Young said the increase was largely due to increased tight oil and liquids activity. That refers to development in tight-rock formations, made possible by hydraulic fracturing and horizontal drilling.
“The increased exploration and development spend we’re seeing in this year’s study speaks to the incredible opportunity unfolding in tight oil from shale formations and the high cost of developing these unconventional resources.”
Posted May 2, 2013
“I think the biggest misconception is that not much has been done, when there has been a tremendous amount of effort by the industry and by regulators in moving this forward. … There has been more collaboration, cooperation and improvement in working together to make things better than I think we have ever done before.”
Posted April 26, 2013
Take a look at the map below, one we’ve used before to show the vastness of America’s offshore oil and natural gas reserves – the overwhelming majority of which (in red) that’s off-limits for development.
Posted October 17, 2012
Posted October 3, 2012