Energy

Featured News

America’s New Energy Boom Is Bust for Foreign Suppliers

For the better part of a year, Canadian officials and executives watched from afar as a shale-oil boom exploded south of the border. But it wasn’t until last fall that the full impact of the U.S. energy boom hit the provincial government here in the heart of Canada’s oil patch. Around October, prices for Canadian bitumen—a heavy crude from the country’s vast oil sands developments—tanked, walloping the economy of America’s largest supplier of foreign oil, its biggest trading partner and one of its closest allies.

Important Questions for Obama Nominees: Interior, Energy and EPA nominees raise serious questions that need to be addressed

In his second inaugural address, President Obama pledged to address “the threat of climate change” because no one can avoid “the devastating impact of raging fires, crippling droughts and more powerful storms.” The President had said nothing about climate change during his reelection campaign –because that would have reminded millions of voters that he is committed to replacing hydrocarbons with expensive renewable energy and ensuring that electricity and gasoline prices skyrocket.

A Tale of Two Oil Spills: Greens fret over pipeline leaks but are mute about train derailments.

What’s the difference between an oil spill from a pipeline and an oil spill from a train? Answer: A lesson in political opportunism. The media have played up Friday’s discovery of an oil leak in an old Exxon XOM -0.38%Mobil pipeline near Mayflower, Arkansas. It isn’t clear how much oil escaped from the 850-mile Pegasus pipeline, but Exxon says it responded with teams and equipment able to handle as much as 10,000 barrels and that by early Saturday it had stopped the flow and begun cleanup.

Hydro Ratepayers To Pick Up Another Tab

So, Manitoba Hydro plans to spend $700,000 of ratepayers’ money to ‘dialogue’ with their ratepayers on the ‘wisdom’ of its $20 billion (plus) development plans. Rather than propagating and disseminating propaganda on behalf of its political master, the Crown-owned monopoly utility would better serve ratepayers by cooperating in an independent and expert review of both the (government-directed) plans and options thereto (preferably before blindly continuing its ‘spend-a-thon’, all with borrowed money, all to the eventual account of the ratepayers, on the Province’s largest economic and financial gamble in its history).

Pipeline or not, lots of Canadian crude oil is headed to the US

Environmentalists mistakenly think that blocking the Keystone pipeline will prevent crude oil, derived from Canada’s oil sands, from being extracted and from being conveyed into the US to be refined into gasoline, asphalt, and other products that are important to the transportation and manufacturing sectors. Their ultimate goal is to stop all development of the Canadian resource.