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POPS Watch What Obama Does, Not What He Says But capacity can be increased only gradually, and that's if more production is being encouraged rather than prevented. To think that wind and solar or other alternative fuels can fill the energy gap requires a belief in what Adriel Bettelheim of Congressional Quarterly has called the "Tinkerbell effect," as in Peter Pan. It consists of believing something will happen just because you wish it would. Wind and solar now provide less than 1 percent of America's energy needs. The likelihood, based on projections by experts, is that oil and gas must be relied on overwhelmingly to meet the country's energy needs for at least two more decades. But amazingly enough, the Obama administration is worried about domestic "overproduction" of oil and gas. So Obama has proposed removing all tax incentives to produce oil and gas, slapping a 13 percent excise tax on all energy derived from the Gulf of Mexico,
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POPSPelosi Is Losing! Join House Republicans and Sign the Letter An Open Letter to Speaker Pelosi We think it is unconscionable that Congress has gone on vacation before we have addressed the high gas prices that are crippling our economy and hurting millions of families. We are asking that you reconvene the House from your five-week vacation and schedule a vote on legislation to increase American energy production. Let us be clear, we are not asking for a guaranteed outcome, just the chance to vote. http://www.nrcc.org/actioncenter/default.asp?ID=317#sign
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POPSEnergy Rhetoric vs Reality
RHETORIC: Oil and natural gas companies are demanding greater access to America’s resources even though they own leases on millions of acres of federal lands that are already open to drilling. REALITY: Just because a lease is not producing oil or natural gas doesn’t mean it’s idle. Companies are actively exploring and developing the majority of their leases, but the entire process takes years and requires many steps, including securing government permits, analyzing seismic data and installing the machinery needed for drilling and production. Many leases prove not to contain enough oil and natural gas to be commercially viable, and companies can’t produce oil and natural gas where it does not exist. REALITY: At a time when we need all the energy we can find, increasing access to domestic sources of oil and natural gas would enhance our energy security. We have enough oil and natural gas resources to power 65 million cars for 60 years and heat 60 million households for 160 years.
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POPSBush Defends Saudi Friends on Oil Output In this article he paints their decline to increase oil output as an increase, and increase which was prior to his visit. This was a politically motivated visit and photo-op for a forgone conclusion. Bush's own experience with his own Arbusto oil company--with a bin Laden for a partner--means that he understood in advance that his visit would make no difference. Calling on increasing refinery capacity when the oil companies have deliberately reduced theirs to increase efficiency and profits, as well as pretending that an increase in domestic production would bring down price, is hypocritical and inaccurate. Presently refineries profits are declining. The decline of the dollar and war-fears on the trading market has led to the increase in price per barrel.
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POPSA Ravenous Dragon Chinese companies will inevitably find themselves in fierce competition with Western ones for natural resources, as they must if global markets are to work efficiently. For the most part, however, they do not operate very differently from their peers. To the extent that the Chinese government does subsidise oil production, it helps to bring down the price for everyone else (its subsidies for oil consumption are another matter). As the world's biggest consumer of many commodities, China naturally wants to ensure a steady supply of them to keep its economy going. But markets for commodities are global, and the risk of any one consumer cornering supplies, or securing them at a lower price, is negligible. this special report will argue that concerns about the dire consequences of China's quest for natural resources are overblown. China does indeed treat some dictators with kid gloves, but it is hardly alone in that. Its companies do not always uphold the highest standards, but many...
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