Oil
Obama’s Algae vs. Oil Speech Destroyed! (Prager & Krauthammer)
Ezra Levant Talks About Sheila Leggett`s Kangaroo Court in Ontario
There’s one thing that I’m certain of-Return I will to old brazil-That old brazil~Frank Sinatra
Investing In Soros/Brazil
Crude Oil and Stock Markets React to North Korean Attack
Another Oil Rig Explodes (Shallow Waters)
UPDATE: No drilling going on at site.
HotAir breaking news, another Oil Rig explodes. HA points out that this rig is in shallow waters, so we will see a comparison of times in capping it if it is leaking:
Three big differences from the Deepwater explosion, right off the bat: (a) This one isn’t owned by BP (and apparently never was, contrary to what one of our commenters claimed in another thread); (b) the 13 crew members are overboard but are all alive; and (c) it’s located in shallow water, so even if the worst occurs and another leak is detected, presumably plugging it would be easier and quicker.
Mariner Energy focuses on oil and gas exploration and production company focused on the Gulf of Mexico. In April, Apache Corp., another independent petroleum company, announced plans to buy Mariner in a cash-and-stock deal valued at $3.9 billion, including the assumption of about $1.2 billion of Mariner’s debt. That deal
is pending.Apache spokesman Bob Dye said the platform is in shallow water.
Responding to an oil spill in shallow water is much easier than in deepwater, where crews depend on remote-operated vehicles access equipment on the sea floor.
…(read more)…
Who Ass To Kick? The Government, That’s Whose!
Drilling Moratorium Lifted By Upper Court – Good News!
This is great news! Jindal and others were worried that this moratorium would make some companies move elsewhere, thus making this 6-month job killer extend even further.
Sunday by Jindal and state Atty. Gen. James D. “Buddy” Caldwell asserts that the moratorium could convince big oil companies to move their rigs out of the Gulf of Mexico to Brazil or Africa, with “little chance of their immediate return.”
…(read more)…
So here is the story about the moratorium being lifted. Again, great news for our economy.
The Obama administration lost its court bid to maintain a six-month moratorium on offshore deepwater drilling which a federal judge ordered lifted last month.
The Fifth Circuit Court of Appeals denied the government’s emergency request to stay that judge’s order pending appeal.
The motion was denied because the government failed to show “a likelihood of irreparable injury if the stay is not granted,” the appeals panel judges wrote in a 2-1 ruling.
[…]President Barack Obama acknowledged the moratorium would cause economic harm, but said it was necessary to give investigators adequate time to understand what caused the accident and create new safety regulations.
Oil companies and Louisiana politicians railed against the moratorium, saying it would cause further economic devastation and that rigs and drilling plans should simply be inspected on a case-by-case basis.
Louisiana Governor Bobby Jindal hailed the court’s decision Thursday but expressed concern that the uncertainty has created a “de facto moratorium” which could cost the state 20,000 jobs.
“We absolutely want drilling to be done safely and do not want another spill or one more drop of oil on our coast or in our water, but thousands of Louisianians should not have to lose their jobs because the federal government can’t adequately do its job of ensuring drilling is done safely,” Jindal said in a statement.
“The federal government has an entire agency dedicated to monitoring safe drilling. It shouldn’t take them six months or longer for a new national commission to ensure safety measures are in place and their laws and regulations are being followed.”
…(read more)…
“Is U.S. Now On Slippery Slope To Tyranny?” Thomas Sowell
Degeneration of Democracy
Joe Barton Apologizes To BP CEO Tony Hayward
6/17/10: In a House Energy and Commerce hearing, Rep. Joe Barton (R-TX) calls the establishment of a $20 billion Gulf Coast recovery fund a “tragedy,” and apologizes to BP CEO Tony Hayward for a White House “shakedown” he calls illegal behavior.
BP, Fannie Mae and Freddie Mac | Judge Napolitano’s “Outro”
While filling in for Glenn Beck Judge Andrew Napolitano closes the show with this short but insightful commentary.
- 2 of 3
- « Previous
- 1
- 2
- 3
- Next »