Wherein Obama becomes the best president ever for the oil industry...

[Papasito]

There is legislation in the works to severely restrict "fracking" [[which essentially will cripple a boom in Pennsylvania, ending tens of thousands of jobs), as well as further cripple the coal industry [[rural Pennsylvania is still very dependent on the coal industry for jobs).

Seems ironic how the same environmentalist movement that wants to kill jobs and handicap American energy have no qualms about China opening large numbers of new coal-fired power plants, or fracking and oil drilling in OTHER countries.... don't we all live on the SAME planet?
Wouldn't energy development here in the U.S. be under closer environmental scrutiny and regulation, and create many many jobs, then compared to .. say .. Mexico, China or South America?

Detroit should look like Dubai, not 1980's Lebanon.

http://news.yahoo.com/fracking-law-c...193900336.html

http://www.reuters.com/article/2012/...84315N20120504

http://money.cnn.com/2012/09/07/news...obs/index.html

http://naturalresources.house.gov/oversight/coalregs/

Over a year ago, in February 2011, Natural Resources Committee Chairman Doc Hastings and Subcommittee on Energy and Mineral Resources Chairman Doug Lamborn began an oversight investigation into the Obama Administration’s new coal regulations. The Committee is looking into serious questions regarding why this rewrite was initiated, how the rulemaking process itself is being managed, the Administration’s dismissal of the contractor, whether the political implications of the Rule are unduly influencing the process, and the impacts the proposed Rule will have on jobs, the economy, and coal production.

Over the past year, a series of letters have been sent to OSM Director Joseph Pizarchik and Department of the Interior Secretary Ken Salazar, seeking additional information and documents. However, the Administration has yet to fully comply with document requests and continues to withhold the vast majority of requested materials.

"We will have the most transparent administration....."
- Barry Obama, 2008 Campaign Promise

[noise]

Seems ironic how the same environmentalist movement that wants to kill jobs and handicap American energy have no qualms about China opening large numbers of new coal-fired power plants, or fracking and oil drilling in OTHER countries.... don't we all live on the SAME planet?

You truly believe this is the goal of the "environmentalist movement"?

You haven't distorted anything?

And you're sure this "environmentalist movement" has done nothing to address issues in places like China?

[rb336]

Since virtually all of the legislation/regulations you listed are to ensure public safety, it is apparent that you: a) favor higher levels of mercury and dioxin in your fish; b) don't mind having toxins seep into your drinking water [[which did happen in early fracking enterprises, but hasn't with the newer methods); and c) don't mind the toxic sludge from coal operations flowing into local streams, rivers or lakes making the fish inedible.

Seems ironic how the same environmentalist movement that wants to kill jobs and handicap American energy have no qualms about China opening large numbers of new coal-fired power plants, or fracking and oil drilling in OTHER countries.... don't we all live on the SAME planet?

Even for you, this is an absurdly ignorant statement. Environmentalists have been bitching about this for awhile. They have protested trade agreements that ignore environmental issues [[not just with China, but also India) Environmental activists in both of those countries have been arrested

[Papasito]

Even for you, this is an absurdly ignorant statement.

And that is liberal elitist terminology I would expect from someone like you.

Everyone that doesn't share your view must be ignorant.
This way you can look down your snooty nose on them because you are so much better then everyone else.

Environmentalists can "protest" China all they want, they don't DO anything to stop them. However, they DO A LOT to stop it in America. At the expense of American jobs.

My point, which you don't get, is we are closing coal-fired plants and they are opening them. China is fueling their economic engine, we are killing ours. I realize the concept of American energy and American jobs is against your agenda, so I know there's no reason even arguing with you.

[rb336]

And that is liberal elitist terminology I would expect from someone like you.

Everyone that doesn't share your view must be ignorant.
This way you can look down your snooty nose on them because you are so much better then everyone else.

Environmentalists can "protest" China all they want, they don't DO anything to stop them. However, they DO A LOT to stop it in America. At the expense of American jobs.

My point, which you don't get, is we are closing coal-fired plants and they are opening them. China is fueling their economic engine, we are killing ours. I realize the concept of American energy and American jobs is against your agenda, so I know there's no reason even arguing with you.

yeah, back to the good old days of forests being killed off by acid rain and dioxin-poisoned, inedible fish. Back to the days of coal waste slurry choking off our streams, seeping into the groundwater and making it unfit for consumption by living things. The existence of coal-fired plants has ZERO to do with where our economy is headed, since it is cheaper, more efficient and cleaner to use natural gas. and yes, my previous statement that you quoted could be considered "liberal elitist terminology" if by that you mean factual and true.

[Papasito]

So it's ok that your electric company uses coal from other countries because it's ok that they die. Heck, they're not American so Who cares.
They have poor environmental protection over there, pathetic workers rights and pathetic safety policies & procedures.

So it's ok that China, Russia, Saudi Arabia and other countries who are putting America in the poor house by mining and drilling make fortunes do it because at least their mess is over there and not here.

...since it is cheaper, more efficient and cleaner to use natural gas.

The natural gas boom is primarily being supported by fracking, and fracking is about to be severely handicapped at the hands of the White House and the EPA controlled by the Obama Administration.
Natural gas will be getting more and more scarce, and expensive.

Its been the long standing policy of the EPA & the enviro nazis to fight against ANY form of American energy... maybe they want to harness the power of unicorn magic and rainbows for abundant zero emissions energy?

http://www.dailyfinance.com/2012/10/...king-finished/

http://www.greenerideal.com/politics...g-legislation/

http://www.lasvegasoptic.com/content...ng-law-adopted

Our #1 enemy for becoming energy independent as a nation is Ourselves.
If America isn't shooting itself in the foot, it's shooting itself in the head.

[rb336]

What an utter load of male bovine fecal matter. to get a true understanding of the issue, try reading something with a basis in facts, like this:

http://www.csmonitor.com/2006/0710/p02s01-usec.html

[oladub]

What an utter load of male bovine fecal matter. to get a true understanding of the issue, try reading something with a basis in facts, like this:

http://www.csmonitor.com/2006/0710/p02s01-usec.html

rb, Thanks for getting us up to date with what was happening six years ago with your 2006 article. Here is an updated article from last month, from the government, claiming that the US is on track to export a record amount of coal this year. Things change. U.S. coal exports on record pace in 2012, fueled by steam coal growth This is in part becauseMore than 1,000 New Coal Plants are Planned Worldwide.

[old guy]

The natural gas boom is primarily being supported by fracking, and fracking is about to be severely handicapped at the hands of the White House and the EPA controlled by the Obama Administration.
Natural gas will be getting more and more scarce, and expensive.

Its been the long standing policy of the EPA & the enviro nazis to fight against ANY form of American energy... maybe they want to harness the power of unicorn magic and rainbows for abundant zero emissions energy?

I think you're wrong about Obama shutting down fracking. It is true that the EPA is implementing new rules, but they're for capturing the emissions of benzene into the atmosphere and disclosing the chemicals they're pumping into the ground. How the hell can you be opposed to that. Even the American Petroleum Institute agrees with it and say they can profit from the extra gases they capture which will help them pay for the equipment required by the EPA. Obama knows [[like it or not) that jobs are being created from [[possibly) safer fracking and a boom might be created while he's in office.

If you simply make adjustments to an industry for the safety of the American public as a whole, what's the problem?

[TKshreve]

If you simply make adjustments to an industry for the safety of the American public as a whole, what's the problem?

Here's the problem. It chews into R.O.I. duration, it affects the balance sheet and may delay dividend disbursement. Oh, and it is viewed as "regulation". We all know that "regulation" [[no matter who enacts it and where it comes from) is pure, raw evil designed to stagnate growth and minimize profits. Thankfully the republicans have signed a "no regulation" pledge which prevents them from ever voting for any type of regulation no matter the externalities that may arise from the opposing actions by the private sector. Anyways, if we let the private sector operate unfettered by silly, non-sensical "regulation" it will self correct itself and bore excess profits which can compensate for these environmental and safety "hurdles". Phew!

That's the problem. So get out of the way of the steamroller named Capitalism..... it's got some rolling to do!

[MikeM]

http://www.eia.gov/todayinenergy/detail.cfm?id=9030

U.S. crude oil production [[including lease condensate) averaged almost 6.5 million barrels per day in September 2012, the highest volume in nearly 15 years. The last time the United States produced 6.5 million barrels per day or more of crude oil was in January 1998. Since September 2011, U.S. production has increased by more than 900,000 barrels per day. Most of that increase is due to production from oil-bearing rocks with very low permeability through the use of horizontal drilling combined with hydraulic fracturing. The states with the largest increases are Texas and North Dakota.

[rb336]

it's funny how certain people ALWAYS just vanish for a while when their arguments are shown to not hold water.

[Papasito]

This is what happens when your country is allowed to use it's own natural resources:


Now to compare pictures of Detroit....

http://mathieuhelie.files.wordpress....shed.jpg?w=300
http://www.pbs.org/newshour/rundown/...-michigan.html

What's the difference?
Government policy.
America's attitude: Strangle energy. Oppose growth. Retract, do not expand. Outsource everything [[it's cheaper!). Don't pollute here, when you can buy from a different country who pollutes ten times more than we do!

[rb336]

That may rank as the stupidest comparison ever on Detroit Yes. The UAE is a collection of dictatorships. In Dubai, all that magnificent [[although actually shoddy) construction is done by defacto slave laborers who are often not paid for months, who must surrender their passports upon entry, who can not change employers, who cannot leave without their employer's consent and who live in ramshackle barracks eight to a room, often without AC in the 100+ degree weather. Yeah, I want that

[JBMcB]

Speaking of Dubai...

Guess whom is funding that new Matt Damon movie about how awful fracking is?

http://nymag.com/daily/intelligencer...king-film.html

[Papasito]

That may rank as the stupidest comparison ever on Detroit Yes.

You just enjoy being personally insulting to other posters who do not share your opinion. Obviously I was referring to wealth created due to harnessing natural resources versus strangling natural resources [[ie US Policy).
Now using Detroit as an example might not be fair, because your Government sold out the auto industry, brought in foreign competition and gave them free trade, and screwed the middle class. Both parties were responsible. Oh, and Michigan is predominantly run by Democrats, so go figure that one out.

Our country has a limit, restrict, regulate and strangle mentality, while booming foreign competitors have an explosive growth mentality backed by energy. Notice most of the world that is in economic turmoil also have anti-energy policies?

The first confirmation of the coming pricing problems in Greek energy sector became visible yesterday with the publication of the first official proposal on energy price increases by the Hellenic Ministry of Environment and Energy [[YPEKA) and the Public Power Corporation[[PPC).These amount to an annual increase of 9.2% for the PPC’s own domestic generation cost plus 3% for the renewable energy cost.

While this is far below the initial suggestion of the Energy Regulatory Authority’s [[RAE) 16% increase, as well as PPC’s 20% increase, the proposed increases have caused renewed public outrage.
http://seekingalpha.com/instablog/10...f-12-2-in-2012

.....movie about how awful fracking is?

They are doing everything they can to stop the fracking boom.
Nevermind that the method has been around since the 1940's, and that New York State recently did a study that said the procedure is safe.
Nevermind [[also) that this business generates HUGE tax revenue.

[rb336]

no, i just believe in calling stupid stupid. didn't call you stupid there, just the comparison . Show me one of those countries that you are talking about that isn't a dictatorship. now show me one that doesn't treat it's foreign workers like indentured servants. now show me one with no regulation that hasn't had significant environmental degradation.

I don't oppose fracking, I oppose the secrecy involved regarding what chemicals they are using in the process.

[old guy]

Once again Papasito, google pictures of Dubai slums and see what comes up. It isn't pretty. Read about the people that build and maintain those beautiful buildings. The place is 80% shithole and 20% ultra wealth.

[rb336]

and that is EXACTLY what the right wing jackasses want for the US

[JBMcB]

Once again Papasito, google pictures of Dubai slums and see what comes up. It isn't pretty. Read about the people that build and maintain those beautiful buildings. The place is 80% shithole and 20% ultra wealth.

The people living in those slums are, mostly, from India. Google pictures of Indian slums and see what they are escaping from.

Spoiler: They look about the same, but there is no work.