It burns cleanly and there is a lot of it...

My question today is this: Why aren't we allowing energy companies tap into our vast natural gas resources? It's clean burning and abundant.

Every few weeks, it seems, fresh news arrives telling of impressive discoveries of oil and gas in the Gulf of Mexico, an area that, until recently, was viewed as well worked over and unlikely to yield any new bonanzas.

Last September brought word of a giant Gulf oil field reeled in by British Petroleum. And the latest Gulf headline-maker is a potentially major gas play offshore Louisiana that appears likely to add new trillions of cubic feet of gas to growing domestic reserves of the cleanest-burning carbon fuel.

Drill, drill, drill!!!

Conference call with API

Yesterday, I participated in a blogger conference call with the American Petroleum Institute. The conference was very informative. One of the issues that stood out in my mind was the issue of ethanol subsidies and the cost incurred by taxpayers particularly now since gasoline prices have plummeted quite a bit over the last several months. Right now the cost of producing ethanol and bringing it to market is simply not cost effective but because of congressional mandates, the American taxpayer basically props up an industry that can't compete with gasoline. The question that always sticks in my mind about ethanol is how long before this bad idea of subsidizing ethanol gets undone by our government? Once a government mandate starts, no matter how bad it is, it takes years to undo it--at a substantial cost to the taxpayer.

Moderator:
Jane Van Ryan, Senior Communications Manager, API

Speakers:
Lou Pugliaresi, President, Energy Policy Research Foundation
Rayola Dougher, Senior Economic Advisor, API
Ron Planting, Manager of Statistics, API

Listen to the conference call below:

Offshore drilling ban due to expire?

I heard about this in the afternoon and I was simply incredulous: The Democrats are going to let the offshore drilling ban expire. Hmmm, we’ll see.

Pelosi's Energy News Conference Gets Overwhelmed by Pro-Drilling Americans, Then She Hops in an SUV

HT:Americans for Prosperity

Alternative Energy Sham!

You hear it all the time from Democrats, Progressives, and environmentalists --They want more (government and corporate) investment in renewable and alternative energy. And they are always lambasting energy companies, oil companies, and Republicans for not facilitating enough research and development to move our country forward regarding energy. We’ve been hearing it for years now. In yesterday’s WSJ editorial section (subscription may be required), it turns out that what these groups say they want and how it is to be achieved are at odds:

In this year's great energy debate, Democrats describe a future when the U.S. finally embraces the anything-but-carbon avant-garde. It turns out, however, that when wind and solar power do start to come on line, they face a familiar obstacle: environmentalists and many Democrats.

To wit, the greens are blocking the very transmission network needed for renewable electricity to move throughout the economy. The best sites for wind and solar energy happen to be in the sticks -- in the desert Southwest where sunlight is most intense for longest, or the plains where the wind blows most often. To exploit this energy, utilities need to build transmission lines to connect their electricity to the places where consumers actually live. In addition to other technical problems, the transmission gap is a big reason wind only provides two-thirds of 1% of electricity generated in the U.S., and solar one-tenth of 1%.

Only last week, Duke Energy and American Electric Power announced a $1 billion joint venture to build a mere 240 miles of transmission line in Indiana necessary to accommodate new wind farms. Yet the utilities don't expect to be able to complete the lines for six long years -- until 2014, at the earliest, because of the time necessary to obtain regulatory approval and rights-of-way, plus the obligatory lawsuits.

In California, hundreds turned out at the end of July to protest a connection between the solar and geothermal fields of the Imperial Valley to Los Angeles and Orange County. The environmental class is likewise lobbying state commissioners to kill a 150-mile link between San Diego and solar panels because it would entail a 20-mile jaunt through Anza-Borrego state park. "It's kind of schizophrenic behavior," Arnold Schwarzenegger said recently. "They say that we want renewable energy, but we don't want you to put it anywhere."

California has a law mandating that utilities generate 20% of their electricity from "clean-tech" by 2010. Some 24 states have adopted a "renewable portfolio standard," while Barack Obama wants to impose a national renewable mandate. But the states, with the exception of Texas, didn't make transmission lines easier to build, though it won't prevent them from penalizing the power companies that fail to meet an impossible goal.

Now, does this all sound reasonable to you? These are the same people that do not want any domestic off-shore drilling or nuclear power plants. We will severely hamstring our economy and our well-being if we continue to let radicals dictate our national energy policy.

Obstructionist by any other name

Pelosi and the Democrats are beholden to the radical environmentalists in their party. Hence, we get the obstruction and the usual straw man arguments regarding drilling for domestic oil supplies.

HT: Jimmy Cardoza at Liberty Pen

Around The Horn--Posts on Oil

Posts worthy of note and your time:

The Bobo Files has a petition to sign for those that want Congress to lift the moratorium on off-shore drilling.

Domestic oil myths are covered by The Historian at The Real World.

Shaving Leviathan comments on the controversial drilling at ANWR.

Bush acts on drilling, challenging Democrats

Bush has lifted the moratorium on off-shore drilling. The ball now falls on the Democrats’ court.