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Tag: Energy

Russian aerial image oil trucks Syria Turkey border AP

Erdogan: Russia, Not Turkey, Buys Islamic State Oil

Turkish President Recep Tayyip Erdoğan now claims he possesses evidence that Russia purchased oil from the Islamic State (ISIS/ISIL). His accusations come a day after the Russian government said it had proof Erdoğan’s family benefits from ISIS oil.

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Mexican Energy Boomtown Residents Flee, Blame Government for Violence

When the Mexican government announced the deregulation of its energy sector, many in the industry anticipated a rush to exploit Mexico’s rich hydrocarbon and gas deposits. People living in the Mexican energy boomtown in the Juárez Valley southeast of Ciudad Juárez and El Paso, Texas, allege that land speculators preparing for the start of oil and gas production have spurred a land grab that has forced what some claim is an exodus of local residents.

Fracking (David McNew / Getty)

Fracking Productivity Doubling Every Two Years

From fewer than 50 barrels a day in 2009 to 400 barrels today, fracking technology has advanced at a pace that has doubled oil well production every 2 years. That pace of productivity improvement is almost identical to the computer industry’s Moore’s Law, which expects the speed of processing chip to double every 2 years.

Barack Obama

Another Obama-Funded Energy Firm Makes Its Final Emission

Michigan’s Alpena Biorefinery announced that it is taking a “sabbatical,” after drinking $22 million of taxpayers’ stimulus cash and after consuming unknown amounts of additional and indirect taxpayer funding—all just to show it could convert wood chips into pure alcohol.

The Suncor refinery in Edmonton, Canada seen here on June 17, 2015, has a capacity of refining 142,000 barrels of light oil a day, according to the company. It is run entirely on bitumen from the oil sands in Northern Alberta. AFP PHOTO/GEOFF ROBINS

Alberta Oil Companies Hemorrhage Cash After NDP Tax Hike

President Obama is not alone in wielding governmental power to clamp down on carbon-emitting energy. While he weaponizes the Environmental Protection Agency to take on coal-powered energy, potentially shutting down hundreds of coal-fired power plants, Alberta’s new socialist NDP government is pushing ostensibly environmentally-minded policies against oil on shared premises of combating “climate change.”

A bulldozer works a coal mound at the Appalachian Electric Power coal-fired Big Sandy Power Plant June 3, 2014 in Cattletsburg, Kentucky. New regulations on carbon emissions proposed by the Obama administration have reportedly angered politicians on both sides of the aisle in energy-producing states such as Kentucky and West Virginia.

Supreme Court Slows Obama ‘War on Coal’

“One would not say that it is even rational, never mind ‘appropriate,’ to impose billions of dollars in economic costs in return for a few dollars in health or environmental benefits,” writes Justice Antonin Scalia for the majority that included Chief Justice John Roberts and Justices Anthony Kennedy, Clarence Thomas and Samuel Alito.

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Republican Candidates Must Be Strong on Energy

New polling emphasizes that support for traditional energy concerns has become a partisan issue. Large majorities of Republicans favor key energy issues—but voters of every ideological stripe say energy issues will be an important part of their voting decisions.

JAE C. HONGAP

U.S. Natural Gas Price Collapsing after EPA Says Fracking Safe

The global shock from the release of the U.S. Environmental Protection Agency (EPA) long-postponed draft report stating that hydraulic fracturing (fracking) has not had a “widespread, systemic impact on drinking waste” caused “cheap” natural gas prices to collapse another 16 percent.