Showing posts with label U.S. Energy Resources. Show all posts
Showing posts with label U.S. Energy Resources. Show all posts

Wednesday, June 26, 2013

LAWMAKER: EXPECT ENERGY COSTS TO SOAR



War On Coal: Obama ‘Strangling Industry,
Taking Good Jobs Away From Americans’


WND TV, Radio America — President Obama has vowed to lead the international effort to combat climate change, and he is not waiting around for congressional approval of his agenda.

The president said climate science is settled, and he will enact major policy through executive actions that will bypass the scrutiny of lawmakers. He claims the planet is warming, making severe weather events so much more common that urgent action must be taken.

Obama rejected skepticism about climate science, saying, “We don’t have time for a meeting of the Flat Earth Society.’”

Reducing “carbon pollution” is at the heart of the Obama plan. In addition to doubling investments in clean energy technology, the administration will seek to impose tougher emissions standards on conventional, coal-fired power plants.

One of Obama’s climate advisers is even publicly embracing the idea of a “war on coal.”

Harvard University Center for the Environment Director Daniel P. Schrag told the New York Times, “The one thing the president really needs to do now is to begin the process of shutting down the conventional coal plants. Politically, the White House is hesitant to say they’re having a war on coal. On the other hand, a war on coal is exactly what’s needed.”

But Rep. Doc Hastings, R-Wash., chairman of the House Natural Resources Committee, told WND this approach from Obama should come as no surprise.

“This administration has pursued a war on coal, with the Stream Buffer rule that has gone through a couple of changes,” Hastings said. “It would essentially strangle the coal industry.”

He also said further crackdowns on coal production and coal-fueled power plants would be economically devastating.

“These jobs are very good-paying jobs. In a sluggish economy, that’s the last thing we need to do is to take good American jobs away from Americans. And yet, that seems to be what this administration is doing,” he said.

Obama and his allies blame fossil fuels for threatening Earth’s climate, but Hastings said that position ignores the benefits of using our own resources and fails to consider the clean technologies already put to use in the energy sector.

“Let’s talk about the abundance of coal we have in this country, for goodness sake. And let’s talk about the technology. We have proven time and again that we can burn our fuels in a cleaner, more environmentally friendly way,” he said. “We have proven that over the last half-century, and there’s no reason to believe we can’t do it again. But to simply say we’re not going to burn any coal at all does not make any sense to me at all.”

In addition to lost jobs, Americans in many parts of the country could face much higher energy costs as more and more coal-fired power plants risk closure under tighter environmental regulations.

“There’s no question that they would go up because at the same time that the president is strangling the coal industry, he is attempting de facto to do exactly the same thing with oil and natural gas production, especially on federal lands,” said Hastings, who is among the House Republicans championing the Offshore Energy and Jobs Act, a bill that supporters say would create 1.2 million jobs.

Hastings said the bill is in response to Obama closing access to 85 percent of the areas off the Atlantic and Pacific coasts that were identified for potential energy exploration.

“What we say in this legislation is that this president and future presidents shall offer leases where they know there are known resources. What a novel idea: offering leases where you think you can get oil and natural gas,” said Hastings, who noted that additional domestic production is also a positive step away from dependence upon foreign oil.

The chairman said it is possible that increased exploration could mean another disaster like America saw in the Gulf of Mexico in 2010, but he said safety standards make such an event very rare and energy companies have already developed faster, more effective response plans in the event of another crisis. » Full Article

» WND


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Tuesday, January 22, 2013

Obama Lets Chinese OWN U.S. Energy Resources



Globalists’ Plan To Put America On The Chopping Block In America For Sale



Dr. Jerome R. Corsi, WND — (NEW YORK) The Obama administration is quietly allowing China to acquire major ownership interests in oil and natural gas resources across the U.S.

The decision to allow China to compete for U.S. oil and natural gas resources appears to stem from a need to keep Beijing economically interested in lending to the U.S. The Obama administration has run $1-trillion-plus annual federal budget deficits since taking office that likely will continue in the second term.

Allowing China to have equity interests in U.S. energy production is a reversal of the Bush administration’s policy. In 2005, the Bush administration blocked China on grounds of national security from an $18.4 billion deal to purchase California-based Unocal Corp.

As WND reported Monday, Beijing has been developing a proposal in which real estate on American soil owned by China would be set up as “development zones” to establish Chinese-owned businesses and bring in its citizens to the U.S. to work.

[...]

China Moving Into Gulf of Mexico

After a difficult political struggle, China received permission last month from the Canadian government to make its largest overseas acquisition of oil and natural gas interests outside China, acquiring Canadian energy producer Nexen Inc. for $15.5 billion. In the process, China acquired Nexen oil and natural gas operations in the Gulf of Mexico in U.S. waters.

Although the deal still requires approval from CIFUS, the U.S. Committee on Foreign Investment, the acquisition of Nexen’s high-tech ultra-deepwater drilling resources in the Gulf of Mexico was a major reason China sought to acquire the company. CNOOC, a company that derives nearly all its domestic capacity from shallow waters, has announced a goal of producing 1 million barrels of oil per day from ultra-deepwater oil and natural gas facilities by 2020, more than doubling current capacity.

In 2010, China passed the U.S. to become the world’s largest energy consumer, according to the International Energy Agency. China consumed 2.252 billion tons of oil equivalent in 2009, approximately 4 percent more than the U.S. » Read More

» WND
» Dr. Jerome R. Corsi Article Archive

About the Author
Dr. Jerome R. Corsi, a Harvard Ph.D., is a WND senior staff reporter. He has authored many books, including No. 1 N.Y. Times best-sellers "The Obama Nation" and "Unfit for Command." Corsi's latest book is Where's the REAL Birth Certificate?


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