Category: Oil

The Keystone Oil Pipeline Fallout

As President Obama continues to play politics with the Keystone XL Pipeline,  Canada’s Prime Minister has had to consider where else to ship the oil.  Unfortunately for us, the obvious answer for Canada is to ship more oil to China. What Obama and the Democrats do not seem to understand is that America needs Canadian …

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Oil Impact Spills Into South Dakota

The economic growth created by the Bakken oil shale formation in North Dakota is starting to spread to South Dakota. Of course, the impact would be even greater if the President and the rest of the Democrats would allow it. From The Rapid City Journal  Now the growth is spilling south over the state line, …

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Government Stands In Way Of Energy Independence

Of course with gas prices this high one would expect the president to give lip service to Energy Independence. In recent speeches, he has mentioned an “all of the above” strategy, however, his policies tell a different story. From Investors.com He is once again calling for higher taxes on the oil and gas industry, $40 …

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A $72 billion Contribution To The U.S. Economy

As rhetoric in Washington heats up over who is and who is not paying their fair share, it is worth taking a closer look at the facts.  Oil and Natural Gas companies help grow the economy by literally pumping billions of dollars in to it. ExxonMobil alone made a $72 billion dollar contribution.From Ken Cohen via …

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Energy Independent By 2030

According to a new report just published by BP, America could be Energy Independent as soon as 2030. New discoveries and new technologies have made Energy Independence possible, but not inevitable. In order to reach our full energy potential, we need the infrastructure (Keystone XL) and a broad energy policy that embraces all the forms …

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Keystone XL And National Security

As much as the President would like this issue to go away, many Republicans in the House and Senate are doing the hard work necessary to keep this issue a priority.  Sen. Lugar recently sought to remind the President that oil and energy are not just economic issues, but security issues as well. Given Iran’s …

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Is The U.S. Really Closer to Energy Independence?

According to a new report from Bloomberg News, the U.S. is closer to Energy Independence than it has been in 20 years. There are a  number of factors that have contributed to this trend,  including new discoveries and new technologies that have increased our production of oil and natural gas.  Whats remarkable about these gains …

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Keystone XL Project Ready To Go…

The Keystone XL Project is ready to go.  Approval of the project would mean 20,000 direct shovel ready jobs, and 5 times as many indirect jobs.  Sp why the delay? When you consider all of the benefits and all the precautions that have been taken, it seems clear that the people who are opposed to …

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Bakken Oil Scores First Victory Against OPEC

On  Tuesday,  oil production in North Dakota passed over 500,000 barrels a day! This mark puts them ahead of OPEC member Ecuador. This milestone shows what can happen with the right approach towards energy independence. From The Street  “Oil production in the state has increased anywhere from 8,000 to 40,000 barrels a day, every month …

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Oil And Gas Booms Create Jobs Amidst “Jobless Recovery”

Three States have bucked the trend of the so called “jobless recovery”, Alaska, Texas, and North Dakota. How did they do it? By not letting the government get in the way of job creators and letting the free market work its magic. From Mark Perry via Carpe Diem  In contrast to the ongoing “jobless recovery” …

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