October 2011 - Checks and Balances Project

Industry Insider Says It’s Time to Make Fracking Cool

2011-10-26

Facebook, “South Park” and perhaps an image makeover are what the dirty gas industry needs to clean up its reputation. by Andrew Schenkel Just a few short weeks ago the Colorado Oil & Gas Conservation Commission was described as having its collective “ass kicked” when it came to hydraulic fracturing. A Colorado natural gas executive… Read more »

2011-10-26

On Monday, the Energy Information Administration (EIA), at the behest of Congressman Ralph Hall (R-TX) released a report on a proposed clean energy standard. The parameters for this study, as set by Congressman Hall, were so flawed that the EIA had to develop new nomenclature to distance itself from the report’s findings. Fittingly, EIA named… Read more »

THE BALANCE SHEET | Oct 25, 2011

2011-10-25

Our weekly update to unravel the industry and political spin around the energy debate IN CASE YOU MISSED IT NEXT API AND EXXONMOBIL WILL BE COUNTING LEMONADE STANDS The Washington Post’s Steven Mufson and Jia Lynn Yang looked at API’s questionable use of “induced” jobs in their claims of job creation. For instance, API… Read more »

Gingrich attacks oil and gas subsidies

2011-10-25

At yesterday’s Iowa Faith and Freedom conference, former House Speaker Newt Gingrich called for a level subsidies playing field. He pointed out how politicians claim to be looking for every way to cut the deficit, but many in the GOP steadfastly refuse to touch the billions in tax dollars that go to oil and gas… Read more »

2011-10-20

Agreements to frack on private property could cause defaults and plummeting home prices. By Andrew Schenkel For the more than one million Americans who have been offered cash for the right to hydraulically fracture their property, an investigation by The New York Times outlines their biggest fears: devalued property and potential defaults. Ian Urbina’s… Read more »

Having your cake and eating it too…

2011-10-18

Ted Zukoski at unEarthed compares the oil and gas industry to a hungry, angry baby in his blog post today examining Secretary Salazar’s and the BLM’s latest decision to protect Colorado’s Vermillion Basin while allowing drilling on the vast majority of lands in the area. “Meet the oil and gas industry in Colorado, the crybaby… Read more »

2011-10-18

Several new reports show Cain is in the back pocket of dirty industries By Andrew Schenkel Herman Cain’s quick rise up the political latter is raising eyebrows in the energy community. On the campaign trail Cain loves touting his business background. He likes to cast himself as the ultimate outsider but his rise appears to… Read more »

2011-10-14

It’s official. There is now more oil and gas drilling occurring under the Obama administration than under the administrations of George W. Bush, Bill Clinton, George H.W. Bush, and the second half of the Reagan administration. Salem Gebrekidan at Reuters has the story: “The number of rigs drilling for oil in the United States this… Read more »

2011-10-14

by Matt Garrington Apparently, oil drilling is doing so well, oil and gas companies are burning off nearly one-third of the natural gas they produce in North Dakota. Now, House Democrats are calling for a congressional investigation into these oil and gas drilling companies’ practice of wasting a viable energy resource. The request follows an… Read more »

2011-10-13

by Matt Garrington On Wednesday, Rep. Doc Hastings led a full oversight hearing focused on President Obama’s now-lifted Gulf of Mexico moratorium to examine “lingering impacts on jobs, energy production and local economies.” Meanwhile, Hastings continues to waste taxpayer money on oversight hearings for problems that don’t exist. Domestic oil production and energy jobs are… Read more »

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