Posted July 23, 2009
California wisely has decided to use a portion of its abundant natural resources to pay for services to its citizens. An estimated $1.8 billion in state royalty payments are expected over the life of developing these resources, and the funds will help defray the state's budget shortfall as well as increase our nation's energy security.
Jane Van Ryan
Posted July 21, 2009
Here's an interesting factoid for you: America's reliance on imported oil has been falling. According to API's Monthly Statistical Report for June, imports fell 7.6 percent during the first half of 2009 as compared with the same period a year earlier. This drop was on top of two consecutive annual declines in crude oil and oil product imports in 2007 and 2008.
Jane Van Ryan
Posted July 20, 2009
Last Friday, the Richmond, Virginia, area was the scene of two rallies against the Waxman-Markey cap-and-trade bill and the administration's health care plan. One occurred in front of Sen. Mark Warner's office in Chesterfield County; the other was held in downtown Richmond on East Franklin Street where Sen. Jim Webb's office is located. Virginia Petroleum Council Executive Director Mike Ward shot video of the downtown demonstration and reported that approximately 200 people held signs and marched on both sides of the street between noon and 1:00 p.m.