oil

US export of oil hits all time high!

This is just gross...Republicans keep trying to shove ANWR and offshore drilling down our throats as a way to achieve energy in dependence.

As it turns out, for the first 4 months of 2008, oil exports from the US were at an all time high! The sad part of this is that I had to go to the UK version of the Reuters News Service to read this.

As Iraq Surplus Rises, Little Goes Into Rebuilding

"Over all, the report from the Government Accountability Office estimates, Iraqi oil revenue from 2005 through the end of this year will amount to at least $156 billion.

Crude Oil Falls as Hurricane Dolly Misses Fields, Dollar Gains

July 23 (Bloomberg) -- Crude oil fell for a second day in New York after forecasters expect Hurricane Dolly to miss fields in the Gulf of Mexico and the dollar rebounded, curbing investments in commodities.

'Bush adm should release strategic petroleum reserve'

WASHINGTON: Accusing the Bush administration of playing into the hands of big oil companies, a Democratic law maker has demanded that it release supplies from the Strategic Petroleum Reserve that is now close to 700 million gallons, saying the country cannot go "begging" for long.

I've been an oil man all my life

America is in a hole and it's getting deeper every day. We import 70% of our oil at a cost of $700 billion a year - four times the annual cost of the Iraq war.

I've been an oil man all my life, but this is one emergency we can't drill our way out of. But if we create a new renewable energy network, we can break our addiction to foreign oil.

Congress pressing Bush to block, reverse Iraqi oil deals

WASHINGTON, June 24 (UPI) -- U.S. congressional leaders are pressing the Bush administration to block deals to be signed between the Iraqi federal government and the world's largest oil companies and to cancel deals between the Iraqi Kurdish region and smaller U.S. oil firms.

Big Oil is holding back on us.

If only our oil companies had somewhere to drill in the US, we could lessen our demand for foreign oil.

Oh wait they do...

http://resourcescommittee.house.gov/images/stories/Documents/truth_about_americas_energy.pdf

Ok, if ya dont like ANWR, how' bout the 'shelf? (like China's gonna do?)

SO ... IS CHINA REALLY DRILLING OFF CUBA? (from Neal Boortz website)

Yesterday Florida Senator Mel Martinez said that China drilling off the coast of Cuba was merely an urban legend. But...

Out of the frying pan and into the power grid - and watch out for the grease bandits

Something cool:
Out of the frying pan and into the power grid
http://news.cnet.com/8301-11128_3-9961038-54.html
It is about a company that is making generators for restaurants to create energy and heat water using the old cooking oil. Pretty cool. I have pondered myself converting an older diesel car or truck off of cooking oil and driving that to and from work.

Oil price soars

The price of oil has made a record jump to nearly $139 a barrel, amid reports it could reach $150 by July because of rising demand and political tension.

The spike in oil prices coincided with a dollar slump, plummeting share prices on Wall Street and US unemployment suffering its biggest rise in 20 years.

S.D. county approves rezoning for new oil refinery

ELK POINT, S.D. (AP) — Voters in this mostly agricultural corner of the Midwest have approved a proposal to build the first new U.S. oil refinery in more than 30 years.

Union County residents voted 58 percent to 42 percent Tuesday to endorse the rezoning of almost 3,300 acres of pristine farm land north of Elk Point for the oil refinery.

Bob Latta: more coal, oil, and nuclear power

U.S. Rep. Bob Latta (R., Bowling Green) yesterday waded into the energy policy debate in Congress on the side of expanding access to traditional energy resources - coal, oil, and nuclear power - as well as continuing the quest for alternative energies.

Standing outside an Exxon station with $4.09-per-gallon gasoline for sale at State Rt.

Kaptur: Columbia free trade is ONLY about oil

Billions of gallons of oil in North Dakota, Montana- Geological Survey calls find largest reserves outside Alaska

Let's get it ! There is no substitute for American oil !

By Jerome R. Corsi
© 2008 WorldNetDaily

A shale formation stretching North Dakota and Montana may have an estimated 3 to 4.3 billion barrels of technically recoverable oil, according to a U.S. Geological Survey assessment.

Chevron, Total seek oil deal in Iraq

" BAGHDAD - Oil giants Chevron Corp. and Total have confirmed that they are in discussions with the Iraqi Oil Ministry to increase production in an important oil field in southern Iraq.

The discussions are aimed at finalizing a two-year deal, or technical support agreement, to boost production at the West Qurna Stage 1 oil field near Iraq's second-largest city of Basra.

Congress grills oil execs on high prices

WASHINGTON - Top executives of the five biggest U.S. oil companies were pressed Tuesday to explain the soaring fuel prices amid huge industry profits and why they weren't investing more to develop renewable energy source such as wind and solar.

$100 to change oil in cop car?

i heard on the radio that to change a cop car's oil it costs the taxpayers $100 per car???? how can this be?

Do we Need NAFTA? Would we be better off without it?

If I understand it correctly, NAFTA is a big reason so many of our jobs went overseas - resulting in the pathetic economic condition our country is is. I don't know much about NAFTA. Can anybody please explain if NAFTA is something we're stuck with forever or can it be 'undone'? Would our economy straighten out & improve if we ended NAFTA?

New Venture in Canada’s Oil Sands: Toledo to process Canadian crude

The British oil company BP and Husky Energy said yesterday they would form a joint venture linking a BP Ohio refinery with Husky’s Sunrise oil sands project in Alberta in what is the latest in a series of deals integrating Canadian oil production and United States processing.

Oil Price Rise Causes Global Shift in Wealth

High oil prices are fueling one of the biggest transfers of wealth in history. Oil consumers are paying $4 billion to $5 billion more for crude oil every day than they did just five years ago, pumping more than $2 trillion into the coffers of oil companies and oil-producing nations this year alone.

Syndicate content