Oil Slick Stuff

Americans Look to Traditional Energy When Gas Prices Rise
Rigzone Staff
|
Wednesday, March 21, 2012

While development of alternative energy sources remains a higher priority than increasing production of fossil fuels, results of a new Pew poll show the gap has narrowed by double-digit percentages since a year ago.

The poll found that 52 percent—of the 1,503 U.S. adults surveyed—say it is more important to develop alternative energy sources than to expand the exploration and production of traditional sources when addressing the nation's energy supply. Last year, 63 percent of the people surveyed placed more importance on alternative sources, such as solar, wind and hydrogen technology.
The survey, performed by non-partisan public research organization, found "large partisan differences" in the different energy sources, such as:

  • 89 percent of Republicans support granting more offshore oil and gas drilling, while only half of Democrats agree.
  • Republicans are more likely to favor tax cuts to energy companies for oil and gas exploration and support the increased use of nuclear power.
  • 81 percent of Democrats approve funding alternative energy versus 52 percent of Republicans.
RIGZONE - Americans Look to Traditional Energy When Gas Prices Rise
 
Louisiana oil companies decry 'abusive' rash of lawsuits, say industry hurting

By Judson Berger
Published March 23, 2012
| FoxNews.com

Against a backdrop of rising gasoline prices and a presidential campaign tapping into consumer fears, Louisiana oil producers are pointing to a rare breed of legal sludge they say is choking their business, costing the state thousands of jobs and billions of dollars in lost investment.
The complaints from one of the Gulf Coast's most vital industries come as energy-focused Republican presidential candidates court Louisiana voters ahead of Saturday's primary. President Obama has been pushing his own message in the run-up to that contest, traveling around the country in an effort to demonstrate his friendliness to America's energy producers.


The administration continues to faces charges that it is slow-walking drilling permits in the wake of the 2010 BP spill. The Louisiana lawsuits, though, compound those concerns.

Read more: Louisiana Oil Companies Decry 'abusive' Rash Of Lawsuits, Say Industry Hurting | Fox News
 
Today I have seen gas anywhere from $3.78 to $3.99 a gallon. :mad:
Yep higher everywhere, and likely to go much higher if the Senate passes this.:nuts:
Senate to debate bill killing oil industry tax breaks

Published March 26, 2012
| Associated Press
WASHINGTON – The Senate voted Monday to debate a Democratic bill to kill several tax breaks taken by the five largest oil companies and use some of the proceeds to extend expiring energy tax provisions like tax breaks for renewable energy, electric cars and energy efficient homes.
The legislation cleared a procedural hurdle on a deceptively large 92-4 vote. Republicans are permitting it to advance for now in hopes of offering GOP energy ideas, but they are likely to kill it later in the week if Democrats don't permit votes of GOP amendments.
"We're going to use this opportunity to explain how out of touch Democrats are on high gas prices, and put a spotlight on the commonsense ideas Republicans have been urging for years," said GOP leader Mitch McConnell of Kentucky.


Read more: Senate To Debate Bill Killing Oil Industry Tax Breaks | Fox News
 
Premium was 3.99 at NAS Pensacola today. Really kills me to pay that much. If I didn't live so far, I'd ride a bicycle to work...
 
Premium was 3.99 at NAS Pensacola today. Really kills me to pay that much. If I didn't live so far, I'd ride a bicycle to work...
It's getting bad and it's a real shame or Gov't hasn't done a thing about it in the last three years.
We need a couple of Mopeds.
bicycle.gif
 
26 March 2012 Last updated at 07:11 ET
S&P warns over oil threat to Russian finances

Russia's finances would be severely damaged by a sustained fall in oil prices, according to the credit rating agency, Standard and Poor's.It estimates that a $10 a barrel fall in the price of oil would reduce government revenue by $26bn (£16bn).
The agency says Russia needs an average price of oil of $120 per barrel to balance its budget this year.
S&P used the price of Urals oil in its calculations, which is currently trading at $125 a barrel.
If the price was to fall to $60 a barrel then S&P says it would have to slash the country's credit rating.
S&P says that oil is likely to remain above $100 per barrel but said there is a chance of a steep decline.
"It is worth noting that only slightly more than two years ago the average oil price was actually $60, and one year later the price averaged slightly below $80," said Standard & Poor's credit analyst Kai Stukenbrock.
BBC News - S&P warns over oil threat to Russian finances
 
26 March 2012 Last updated at 07:11 ET
S&P warns over oil threat to Russian finances



What's the problem?..let oil drop even better, $20.00/bbl...I wonder if Obamer will get caught on open mic kissing Russia's azz again....Oh looky, it wasn't FOX news reporting either..

President Obama Asks Medvedev for 'Space' on Missile Defense - 'After My Election I Have More Flexibility'
By Jake Tapper | ABC News – 17 hrs ago

President Obama Asks Medvedev for 'Space' on Missile Defense - 'After My Election I Have More Flexibility' - Yahoo! News
 
Premium was 3.99 at NAS Pensacola today. Really kills me to pay that much. If I didn't live so far, I'd ride a bicycle to work...

You know that something's screwing with the gas market when it's cheaper in Santa Rosa County than it is on base, huh? Was on the road yesterday, and near the interstate in Crestview it was $4.129!!!! at two stations!!!!
 
Back
Top