New oil and natural gas drilling announcements from the Obama administration, which will certainly fire up the base as Obama often refers to, but possibly in the wrong direction.
Given that Republicans have already said they will not cooperate with the President as a result of his work on healthcare, will opening up a little bit of oil drilling really help his cause with the GOP?
Broadcast on April 7, 2010
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platform cant handle the process and are forced to flare off their entire
production offshore Aberdeen Scotland
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While many Latin American countries have seen their oil production dip, Brazils state-controlled Petrobras — the biggest company in Brazil — is working to access the billions of barrels of crude oil that rest beneath the countrys waters over the next few years.
The companys 48,986-ton P-51 oil platform rests over a hundred miles off the coast of Brazil and is the first semisubmersible platform built entirely in Brazil. It may produce up to 180,000 barrels of oil a day.
Worldfocus correspondent Edie Magnus and producers Bryan Myers and Meghan Thompson report from Angra dos Reis, south of Rio de Janeiro, on Brazils unfolding role as oil giant.
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Increased Production of Existing Wells!
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Guy Caruso spent more than six years leading the Energy Information Administration under George W. Bush. Speaking with Clean Skies News’ Tyler Suiters, he says not to expect the newly opened OCS areas to produce significant BTU’s for another 5 to 7 years.
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Biofuel F-18 fighter jet – called the Green Hornet – will be flown for the first time on Earth Day. President Obama Opens Offshore Oil and Gas Drilling w New Bio Fuel Fighter jet at Andrews Air Force Base AFB Energy Security and Independence Defense Department has invested $2.7 billion this year alone to improve energy efficiency.
President Obama announces plans to open new offshore areas for oil and gas development in ways that protect the environment and as part of a larger strategy to ensure energy security and independence.
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March 31 (Bloomberg) — John Hofmeister, former president of Royal Dutch Shell Plc’s U.S. unit and chief executive officer of Citizens for Affordable Energy, talks with Bloomberg’s Margaret Brennan about the outlook for offshore oil exploration.
President Barack Obama said today he will allow oil and natural-gas drilling off the U.S. East Coast and cancel development in Bristol Bay, Alaska. (Source: Bloomberg)
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Larry Kudlow interview of Sierra Club director following President Obama’s announcement to expand offshore exploration. In the interview we hear that the Sierra Club executive director could care less that offshore oil has been proven to reduce oil seepage pollution on California beaches. It shows that the Sierra club has no real interest in California having cleaner beaches. Why doesn’t the Sierra Club celebrate that in California we are getting cleaner beaches while producing domestic energy resources? The Sierra Club executive director has no interest in giving up all the oil-based products he uses, he just likes to attack the companies that produce the product he uses every day.
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2/9/2010, Fox Business News – IER’s Patrick Creighton discusses the Obama Administration’s offshore energy record and their plans to increase taxes on domestic oil, gas and coal production.
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