It’s time to apply endangered species, wildlife and economic laws fairly and equitably

“… gleaming white wind turbines generating carbon-free electricity carpet chaparral-covered ridges and march down into valleys of Joshua trees.” This is “the future” of American energy – not “the oil rigs planted helter-skelter in [nearby] citrus groves,” nor the “smoggy San Joaquin Valley” a few miles away.

President Obama’s politically intoned decision to reject TransCanada’s permit application to construct a 1,700-mile pipeline from Alberta, Canada, to Texas refineries sent a clear message that special interest demands are of more importance than more energy and much-needed job creation.  

Building the pipeline would bring over 700,000 barrels of oil per day and directly create 20,000 truly shovel-ready jobs. The Canadian Energy Research Institute estimates that current pipeline operations and the addition of the Keystone XL pipeline would create 179,000 American jobs by 2035.

With oil reserves less and less accessible to western majors, producer stocks can carry significant geopolitical risk. In this exclusive interview with The Energy Report,First Asset Investment Management Inc. Senior Vice President John Stephenson explains why service-oriented companies are smart selections for risk-averse energy investors. No matter what happens in the oil and gas business, the companies doing the drilling have solid prospects in this market environment.

2011 saw huge advances in solar, wind and other renewable energy sources, and these advancements will continue into 2012. In fact 2012 could be the year that renewable energy sources start to seriously compete with traditional fossil fuels, at least that is the hope in the battle to reduce carbon emissions and our dependence on dwindling oil stocks. However a major problem with renewable energy sources is that they can rarely provide consistent power levels, due to a myriad of factors outside of human control.

IER Releases Facts to Counter Administration Claims About Domestic Energy Production

WASHINGTON D.C. — The interior department announced Tuesday that oil and gas lease sales on public lands increased 20 percent in 2011, generating more than $250 million in profits for taxpayers.  The fact, however, is that oil production on federal lands, lease sales, and revenue have drastically declined during the Obama administration.

The pieces and policies for potential conflict in the Persian Gulf are seemingly drawing inexorably together. 

Since 24 December the Iranian Navy has been holding its ten-day Velayat 90 naval exercises, covering an area in the Arabian Sea stretching from east of the Strait of Hormuz entrance to the Persian Gulf to the Gulf of Aden. The day the maneuvers opened Iranian Navy Commander Rear Admiral Habibollah Sayyari told a press conference that the exercises were intended to show "Iran's military prowess and defense capabilities in international waters, convey a message of peace and friendship to regional countries, and test the newest military equipment."