Newsbytes – U.S. Democrats Embrace Shale Boom Ahead of Midterm Elections

From the GWPF and Dr. Benny Peiser World Awash In Oil Shields Markets From 2008 Price Shock The US shale boom is shaping a new kind of Democrat in national politics, lawmakers who are giving greater support to the oil and gas industry even at the risk of alienating environmental groups, a core of the…

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More Fun with Oil and Gas

Guest Post by Willis Eschenbach Well, having had such a good time with M. King Hubbert meeting the EIA, I thought I’d toss out another puzzle. This one is inspired by a statement from the King himself that someone quoted in that thread, viz: “A child born in the middle 30s,” Hubbert told reporters, “will…

Canadian Tragedy

Guest Post by Willis Eschenbach I was saddened to read this morning that a train with a load of crude oil derailed and caught fire in Lac-Mégantic, Canada, and I started writing this post. I heard during the afternoon there was one person killed, and more may still be found. In addition, the oil spilled…

DOE Green Energy Loans: $11.45 million per job and a rounding error’s worth of averted carbon emissions.

Guest Post by David Middleton The cost of each taxpayer-financed green energy job created since 2009: $26.32 billion divided by 2,298 jobs = $11.45 million per job… Green energy jobs and DOE loans are tallied under programs 1703 and 1705 on this list. Permanent jobs created: 2,298 Taxpayer financed loan guarantees: $26.33 billion