While Gulf production was higher in 2010 than any previously recorded year, these levels peaked prior to the BP disaster and have steadily declined ever since the imposition of the moratorium on drilling.
Shell Oil Company’s latest research “Signals and Signposts” affirms peak oil theory: that we have reached maximum worldwide petroleum extraction. The report’s authors recommend swift utilization of alternative energy sources.
“The political turmoil sweeping across countries like Egypt, Libya, Bahrain, and Tunisia has resulted in rising oil and gasoline prices, increased inflation, devalued currencies, and diminishing stock values… Unfortunately for U.S. consumers, no one is taking action to alleviate the strain on their pocketbook.”
President Obama’s plan to increase taxes on the energy industry has sparked a swift response from the American Petroleum Institute.
Energy providers participating in a renewables pilot program, with minor exceptions, will also face heavy research and reporting requirements.
Local and State Efforts Now Underway in Louisiana to Test Viability of Renewable Energy
In today’s Washington Examiner, Robert Bluey of the Heritage Foundation sounds the alarm over the loss of tax revenue usually drawn from drilling in the Gulf of Mexico.
Industry leader advocates expanded production and unveils latest research WASHINGTON, D.C. – Yesterday the American Petroleum Institute hosted its “The State of American Energy” speech, given by their president and CEO, Jack Gerard. On the eve of the 112th congress, more than 200 hundred guests heard Gerard’s call for increased access to known reserves and…
President Obama’s economically injurious support for Big Wind is accompanied by his Administration’s continued efforts to demonize the oil, coal, and natural gas industries- the ones which actually catalyze our nation’s economy.
Commentary: U.S. Policy Makers Should Begin Transition to Natural Gas Economy in Next Congress, Rep. Cassidy Says
Domestic Energy Development Could Help Restore Manufacturing Base and Boost Dollar America’s substantial supplies of natural gas should be further emphasized and considered as a stable, clean and affordable energy source in the next Congress, Rep. William Cassidy (R-La.) told The Pelican Institute in an exclusive interview.