12 results for tag: Energy


Congressional Conservatives should be against an increase in the gas tax

We’re barely into the new term of the 114th Congress, and already some Republicans are caving on taxes. Since when should the GOP be pushing tax increases? In the last few days, Sens. Orrin Hatch (R-UT), Bob Corker (R-TN), John Thune (R-SD), Jim Inhofe (R-OK) and Susan Collins (R-ME) have all signaled publicly [1] that they would support an increase in the gas tax. Hatch went so far as to call it “a small price to pay for the best highway system in the world.” Um, sure… It’s time to remind elected officials, once again, that Americans need a break from Washington tax hikes. The last time we checked, middle-class families weren’t ...

Obama plays politics with economy – again

Late in the afternoon on Good Friday and preceding a holiday weekend, the Obama Administration quietly released its biggest news of the week: another delay in approving the Keystone XL pipeline.[1] Putting politics over pragmatism is starting to become a predictable pattern for this White House. What’s shocking is that the president is willing to play politics outside the political arena when it comes to Keystone. He’s not just aiding congressional Democrats; he’s deliberately blocking the creation of thousands of high-wage jobs all because a bunch of environmental extremists continue to yank his chain. The president claims his admini...

Reminder: Increased energy independence is good for national security

The U.S. apparently has more oil potential than previously thought. From the BBC: The IEA said it expected the US to overtake Russia as the world's biggest gas producer by 2015 and to become "all but self-sufficient" in its energy needs by about 2035. The rise in US production means the world's reliance on oil from traditional oil producing countries in the Middle East, which make up Opec (the Organization of the Petroleum Exporting Countries), would end soon, according to the report. Part of the reason is that OPEC’s investments and production have slowed due to political instability: The IEA still expects production capacity among traditional ...

Shocking update: America has enormous energy resources

In the last few years, almost every American has heard of “lithium.” However, who knew it was this important? From an article in 2009: Lithium-ion batteries are everywhere — in your phone, laptop, and by this time next year, maybe your car. The technology is slated for GM’s Chevy Volt, Toyota’s plug-in Prius, and electric versions of the Daimler Smart and BMW Mini. Until recently, lithium went primarily into ceramics and glass. Now batteries make up one-fifth of the world’s end-use market for the mineral… As expected, we imported a lot of it: Higher lithium prices could also give the nascent U.S. battery industry a steeper climb to ...

America’s energy potential continues to grow

From the Washington Post’s “Wonkbook” comes three pieces of great news about America’s energy situation, from both political and economic perspectives. First, North Dakota may have three times as much recoverable gas, and twice as much shale oil, as previously estimated: Technological advancements have made the unconventional fossil fuels in North Dakota’s Three Forks formation “technically recoverable,” the Interior Department's United States Geological Survey (USGS) announced Tuesday. And by rolling Three Forks into the Bakken shale formation, the region that spans North Dakota, South Dakota and Montana could now produce 7.4 ...

Another federal subsidy goes awry

In yet another debacle for the taxpayer, a company contracted to receive a $500 million federal loan was found lacking in its ability to repay the loan or even construct the product the loan was for: Newly released documents show that the Obama administration was warned as early as 2010 that electric car maker Fisker Automotive Inc. was not meeting milestones set up for a half-billion dollar government loan, nearly a year before U.S. officials froze the loan after questions were raised about the company's statements. An Energy Department official said in a June 2010 email that Fisker's bid to draw on the federal loan may be jeopardized for failure ...

Facts vs. Political Opportunity on energy reform

I’ve been out of the office for a couple of days, so I’ve barely heard about the oil spill in Arkansas. Fortunately, PBS Newshour is on the job: And not just any oil, a type of heavy crude called diluted bitumen, from the tar sands of Western Canada and similar to what the proposed Keystone XL Pipeline would carry. Running from Patoka, Ill., to Nederland, Texas, the Pegasus pipeline is capable of transporting 96,000 barrels of oil a day. It passes through this Little Rock suburb, and also through 13 miles of the close-by Lake Maumelle watershed, leaving many concerned with the risks posed to Arkansas' water supply. Yesterday at a bird shelter ...

Shocker: Department of Energy mismanaged over a billion of your tax dollars

Can we stop subsidizing green energy, now? Please? The Energy Department’s (DOE) internal watchdog is attacking DOE management of a $1.5-billion stimulus program to help develop technology that captures industrial carbon dioxide emissions. An Office of Inspector General (IG) audit made public Tuesday examines $1.1 billion in funding for 15 projects. In the four years since the law has passed, less than 50% of dollars have been spent, so the Inspector General says hope exists to better watch over the rest of the money: Overall, the IG found that of the $1.5 billion for the industrial emissions program in the 2009 stimulus law, only about $623 ...

Good energy policy never goes out of style

Remember the Keystone Pipeline? Nebraska’s governor has now officially approved the revised pipeline’s presence in his state. This now puts a great deal of pressure on President Obama to finally approve the full pipeline. In case we’ve forgotten the details, The Heritage Foundation’s Nicolas Loris reminded us last week that Keystone’s thousands of jobs and millions of barrels of oil annually (plus advantageous international relations) sit untouched: After being sworn-in this weekend, President Obama will soon receive a second shot at approving the Keystone XL pipeline that will bring oil down from Canada to Gulf Coast refineries. Last ...

Unleash America’s energy resources

On Monday, CNN reported that 2012 had the highest gas prices on record. While energy demand is down for a variety of factors, this still means those who travel by car are being punished for Washington’s unwillingness to unleash the true strength of our energy market. Energy cultivation is a critical component to a prosperous, safe America. As Tea Party Patriots highlighted in our 12 Days of Solutions, expanding the use of America’s energy resources is a simple process: Consider the economic boom that would happen if the following took place: More drilling in Alaska’s National Wildlife Refuse, among other places. The Keystone Pipeline ...