U.S. Energy Innovation (Part III: Federal Land Potential)

By Mary Hutzler -- February 8, 2013 3 Comments

“Onshore development on federal lands – which is roughly estimated at 700 million acres of subsurface mineral estate – is extremely limited and is increasingly so. In 2009, for example, the current administration leased fewer onshore acres for energy development than in any preceding year on record.”

“Offshore development on 1.76 billion acres of mineral lands has suffered from a de-facto administration embargo, with lease plans cancelled, moratoria imposed, and cumbersome regulatory activity that serve to discourage exploration.”

“Today, permitting delays by federal regulators have driven the wait to more than 300 days before drilling can begin on federal lands, about twice as long as it took in 2005. By contrast, states like North Dakota are now turning permits in 10 days; Ohio, 14 days; Colorado, 27 days.”

The United States is an energy-rich country with large quantities of U.S.

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Why Every American Needs to Watch FrackNation

By -- January 29, 2013 4 Comments

The main thing you need to know about FrackNation is that you should watch it. More importantly, given that this blog’s audience is unusually educated about hydraulic fracturing–frac’ing–you should encourage friends and family to watch it.

The use of hydraulic fracturing and (less-publicized) horizontal drilling to extract oil and gas from shale rock is, to the best of my knowledge, the most important technological revolution of the last decade. The existence of enormous deposits of shale has long been known–some of the earliest experiments with kerosene involved shale–but the ability to affordably get oil and gas from these deposits has been elusive for over a century. In Ayn Rand’s 1957 Atlas Shrugged, one of the heroes manages to solve the problem, and it is rightly regarded as an epic achievement.…

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PURPA: Another Subsidy for Intermittent Energies

By -- January 22, 2013 5 Comments

“PURPA has been the most effective single measure in promoting renewable energy.”

Union of Concerned Scientists

What if Congress passed a law that forced you to buy intermittent energy for the same price as reliable energy? What if, in an attempt to promote “alternative” energy sources such as wind power, Congress passed a law that enabled wind to crowd out reliable resources? Congress actually passed that law in 1978, the Public Utility Regulatory Policies Act (PURPA). Its role has changed and its scope has narrowed, but “PURPA is still alive and kicking.

Background

President Jimmy Carter, working from the viewpoint that the federal government had to intervene in markets to reduce demand and increase supply, formulated PURPA as part of a five-part National Energy Plan.

Oil and gas were seen as wasting resources relative to plentiful coal, so public policy needed to transfer demand from the former to the latter.…

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Hollywood's Fractured Logic

By Steve Everley -- December 28, 2012 2 Comments

One of the most hilarious – if not tragic – events that we as Americans witness is when Hollywood attempts to “inform” the public about energy issues, which often takes the form of fanatical opposition to oil and natural gas development.

During a staged protest against the Keystone XL pipeline this past summer, for example, Daryl Hannah and Margot Kidder were arrested while voicing their disapproval of U.S. infrastructure development. The protest also featured a large, inflatable black tube that was intended to represent the pipeline, although none of the protestors – including Hannah and Kidder – were able to explain the fact that petrochemicals are used to produce both the plastic and the paints used throughout the event.

The reason these events are so laughably absurd is that, in addition to the rank hypocrisy, Hollywood “stars” are attempting to drive the public debate on complex engineering processes, about which they have little to no actual expertise.

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Robber Barony: Obama Energy Policy By Another Name

By -- December 20, 2012 4 Comments Continue Reading

Orwellian Freedom: Green Party Platform (Part II)

By Robert Bradley Jr. -- November 7, 2012 4 Comments Continue Reading

Environmentalism's Sword: Protectionism

By Josiah Neeley -- August 30, 2012 5 Comments Continue Reading

“Renewable Energy: Not Cheap, Not ‘Green'” Turns 15

By Jon Boone -- August 27, 2012 11 Comments Continue Reading

2Q-2012 Activity Report: MasterResource

By Robert Bradley Jr. -- July 27, 2012 No Comments Continue Reading

Why We Should Love the Oil Companies (Straight talk from an industry outsider)

By -- June 15, 2012 13 Comments Continue Reading