No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

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Posts tagged 'Drill Here Drill Now Tuesdays'

February 21, 2012

If we drilled ANWR ten years ago….

Jim Geraghty highlighted a few choice quotes from the 2000-2002 timeline on how drilling in ANWR wouldn’t have an effect for ten years. Guess what? It’s now ten years later, and we’re staring $4.50-$5.00/gallon summer gas in the face.

March 31, 2010

Drill Here, Drill Now Tues…er, Wednesday – Obama “allows” drilling (or does he?)

(H/T – Ed Morrissey)

The Washington Post reports that President Obama announced that he will eventually approve drilling leases well off (a minimum of 50 miles out) the southern East Coast and the Florida Gulf Coast. While it is a good start, the devil, as always, is in the details. First, let’s take a quote from Obama:

“We’ll protect areas vital to tourism, the environment and our national security,” he said. “And we’ll be guided not by political ideology, but by scientific evidence. That’s why my administration will consider potential new areas for development in the mid- and south-Atlantic and the Gulf of Mexico, while studying and protecting sensitive areas in the Arctic. That’s why we’ll continue to support development of leased areas off the North Slope of Alaska, while protecting Alaska’s Bristol Bay.”

Note the word used to describe the new areas – consider. Given Obama’s track record of both shutting down various sources of energy, both oil and coal, and of issuing statements that have expiration dates, I don’t exactly see this as a full return to late-Bush-era Drill Baby Drill proposals.

Then there’s the timing involved. HotAir reader cs89 found this little tidbit in the WaPo story:

If there is enough interest from industry and if the government determines that offshore drilling does not harm the environment or interfere with military activities, the Interior Department intends to hold a 2012 lease sale for exploration 50 miles off the coast of Virginia, as well as a similar one for Alaska’s Cook Inlet.

There’s plenty of time for the “pledge” to reach its expiration date.

August 18, 2009

Drill Here, Drill Now Tuesday (8/18/2009) part 2 – shale edition

by @ 7:39. Tags:
Filed under Energy.

(H/T – JiangxiDad)

I usually don’t do two of these in a week, but it’s not every day that we hear of East Coast shale. Investor’s Business Daily reports that New York Governor David Patterson (yes, he is a Dem) wants to go get the natural gas contained in the Marcellus Shale formation. This formation, which covers the souther portion of New York, the western part of Pennsylvania, almost the entirety of West Virginia, the eastern portion of Ohio, and portions of neighboring states, is estimated to hold as much as 1,300 trillion cubic feet of natural gas, or 65 years’ worth of domestic natural gas production.

Naturally, the envirowhackos that want to prevent this exploitation are whining that the method that would be used to get the natural gas, fracking, uses a lot of water, and could damage the aquifers that supply New York City with drinking water. IBD explodes both halves of that, pointing out that fracking has already been done in the area with no aquifer damage, and that fracking requires less water than ethanol production.

I echo IBD’s call to Gov. Patterson – “Drill, Patterson, drill.”

Drill Here, Drill Now Tuesday (8/18/2009) – offshore edition – UPDATE – With a Soros connection?

by @ 6:00. Tags:
Filed under Energy.

(H/T for the concept – Jessi Olson – H/T for the article – Carol Platt Liebau)

Long-term reader of this blog may remember a weekly series that I borrowed from Jessi Olson called “Drill Here, Drill Now Tuesday” in response to the ludicrously-high gas prices of last summer. We both called for increased domestic oil drilling.

The prices may not be quite as bad this summer, but it’s not for a lack of trying by the Obama administration. At every turn, from refusing to explore the possibility of offshore drilling off the Atlantic and Pacific coasts to a rescinding of existing permits to tap the oil shale out west, they have tried to squeeze the life out of the domestic oil industry. In fact, the Department of the Interior attempted to take a court-ordered ban of new drilling in Alaska and have that apply nationwide, only to be told by the court that it only applied to Alaska.

Meanwhile, The Wall Street Journal reports that the U.S. Export-Import Bank has issued a $2 billion “preliminary committment” letter to Brazilian state-owned Petrobras so it can exploit the Tupi oil field. I have to wonder whether that is merely because it isn’t in American waters, it involves a state-owned enterprise, or both.

Revisions/extensions (4:36 pm 8/18/2009) - Ed Morrissey dug up a Bloomberg piece from Friday on The Left’s Moneybag George Soros changing to a higher-dividend position in Petrobras. Do remember that The Chicago Way involves rewarding one’s benefactors.

May 12, 2009

Drill here, drill now Tuesdays – 5/12/2009 (and a new NRE poll)

The original concept started with Jessi Olson back when oil was at $140/barrel and gasoline was over $4/gallon

Even though the economy shows very few signs of restarting, the price of oil is back up over $60/barrel after hitting a low of nearly $35/barrel, and gasoline in Milwaukee is already tickling $2.60/gallon after a couple months of being well below $2/gallon. Somehow, I don’t think it’s a coincidence that in that time frame, the Democrats in Congress and the Obama administration have restored every last roadblock to oil exploration and exploitation that resulted in the record prices last summer.

With that in mind, I’ve started up a new poll. It’s rather simple – when will gas prices in Milwaukee lead with a “1” again?

When will the number 1 once again lead the price of regular unleaded gasoline in Milwaukee?

Up to 1 answer(s) was/were allowed

  • When it climbs above $9.99/gallon. (75%, 66 Vote(s))
  • When it dips below $2.00/gallon. (25%, 22 Vote(s))

Total Voters: 88

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January 11, 2009

Drill Here, Drill Now Tues…er, Sunday – 1/11/2009

(H/T for the new news – Amanda Carpenter, H/T for the DHDNT concept – Jessi Olson)

My gas price – $1.879 just outside the bunker

Why do I have a special Sunday edition of Drill Here, Drill Now? It’s because Senate Majority Leader Dingy Harry Reid (D-OPEC) and 65 of his fellow members of the bipartisan Party-In-Government used their first floor vote of the session to lock up the not-yet-developed energy-rich land to the tune of $10 billion. Even though that’s supposedly short of a veto (which I hope would happen if this shows up before noon Eastern 1/20), the fact that there were several ‘Rats missing in action means that my prediction in the Weekend Scramble that the pork would net a veto-proof majority came through.

There is one place left to stop this, and thanks to San Fran Nan’s (D-CA) machinations, it is likely that the House will join the Senate in not allowing any minority-written amendments.

January 6, 2009

Drill Here, Drill Now Tuesdays – 1/6/2009

by @ 12:15. Tags:
Filed under Energy.

This was started by Jessi Olson back when gas was over $4/gallon. Despite the fact that gas is currently under $2/gallon, I’ll continue to do this on a more-or-less regular basis until the underlying message sinks into the collective cement blocks that pass for heads amongst the members of the bipartisan Party-In-Government.

My price for gas – $1.899/gallon outside the bunker

Today, I will focus on a different aspect of oil – heating oil. As I type, heating oil is rocketing off the floor of about $1.20/gallon established last month, up to a current level of $1.64/gallon. Yes, that is below where it was this time last year (somewhere around $2.60/gallon), and well below the mid-summer spike of about $4.15/gallon, but that drop was a result of the temporary opening of places like the outer continental shelf to oil exploration. The Democrats are already sharpening their knives to slay that opening, and the current surge in oil and gas prices is proof we are still at the ragged-high edge of the demand/supply-price curve.

Worse, Ed Morrissey passes along a report that friend-to-the-Left Venezuelan President Hugo Chavez will no longer be sending his suitable-only-for-heavy-oils-like-heating-oil crude over here for “free”. The cynical side of me says that won’t return because he got what he wanted out of that “investment”; kindred spirits in charge of everything. Even if I weren’t cynical, the fact remains that CITGO isn’t in the charity business anymore at a time when costs are going up.

Do you really want to be dependent on the whims of a tyrant who can’t even keep his own country powered? If not, then I have three words for you – “Drill baby, drill!”

November 19, 2008

Drill Here, Drill Now Tuesdays – Special Wednesday edition – 11/19/2008

by @ 14:26. Tags:
Filed under Energy.

This was started by Jessi Olson of Wake Up America back when most of the country was off-limits to oil exploration. I’ve sort of fallen off the wagon once the off-shore ban expired, and really fell off after the election.

Price of regular unleaded in south-suburban Milwaukee – $1.899

There is actually some hopeful news today, which is why I brought this thing in from the dustbin. The Salt Lake Tribune reports that the Interior Department has finalized the rules for opening up the Mountain West’s oil shale reserves. Royalties will start at 5%, then increase by 1 point a year after the 5th year of commercial exploitation to the standard 12.5%. Also, 49% of those royalties will be shared with the state in which a particular mine is.

Naturally, the no-drill crowd is all up in arms, but at least they have to actively reverse course now to get oil back up their dream of $140+/bbl and gas to their $4-$10/gallon dream.

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