Last summer the price of oil did something it does around Memorial Day. It spiked. Democrats declared doom for the economy, and it was President Trump’s fault.
Venezuela is a major oil producing nation and unless you missed it that country is a mess. Iran is dealing with “crushing sanctions™” that will expand to other nations who continue to buy their oil as of today. OPEC cut production quotas in January. Why is gas in the US still so cheap?
New Mexico’s gun-grabbing governor just signed the Energy Transition Act. This bold and innovative grasp at the impossible requires the state to shift to 50% renewable energy by 2030 and 100% by 2045. A state that relies on massive amounts of oil and gas revenue to fund public education.
What happened? Reuters is reporting that Wednesday Venezuelan opposition leader Juan Guaido declared himself interim president. American President Trump formally recognized Guaido shortly after his announcement. Trump praised Guaido’s plan to hold elections. That was followed by similar statements from Canada and a group of Latin American governments including Venezuela’s neighbors Brazil and Colombia. Socialist …
USGS Estimates Include 46.3 Billion Barrels of Oil, 281 Trillion Cubic feet of Natural Gas, and 20 Billion Barrels of Natural Gas Liquids in Texas and New Mexico’s Wolfcamp Shale and Bone Spring Formation. WASHINGTON – Today, the U.S. Department of the Interior announced the Wolfcamp Shale and overlying Bone Spring Formation in the Delaware Basin …
USGS Identifies Largest Continuous Oil and Gas Resource Potential Ever Read More »
Did you hear? Cheap oil may now be bad for the economy. That’s the question “explored” in a piece at NPR titled, “Oil Prices Hit A New Low. Here’s Why That Might Be A Bad Thing.” Did you notice the application of “might?” Well, it might, but it might not with an emphasis on not. Related: …
Mr. Obama did a little dance the other day repeating the Trump Derangement Syndrome Narratives while taking credit for the Republican’s Economic recovery. Does that mean that Barry is laying claim to this economic boon? U.S. crude oil exports saw an 80 percent increase in the first half of 2018 compared to the same period …
US Oil Exports Increase 80% in 2018 – “Fuel” Job Growth and Economic Recovery Read More »
Texas Oil Peak Cyclical Employment Production Rig Date Workers (BBL/Day) Count October 2008 211,100 1.125 Mil 925 December 2014 295,100 3.532 Mil 872 March 2018 215,900 4.052 Mil 492 (H/T: Forbes)
Over at Breitbart is a post with this headline: “Coal Use Set To Surpass Oil In A Decade: IEA“. I used to go over and post comments over at TreeHugger, as regular readers of the ‘Grok know, and bring the Lefty Enviro-wacko stream of consciousness back here just so that you see what the mindset …
This will drive the Greenies at TreeHugger nuts! Read More »
Nothing says ‘we have no principles whatsoever’ like a crowd of screeching banshee gone silent when the shoe is on the other foot. If you’ve failed to notice this happens to Democrats often and no example is more prominent than gas prices. Back when it was politically expedient, Democrats in New Hampshire were wailing like …
