Our weekly update to unravel the industry and political spin around the energy debate
IN CASE YOU MISSED IT
ENERGY INDEPENDENCE AND THE WEST
Drilling activity is at its highest level in 24 years, and the U.S. is about to see a full year of net oil exports for the first time in 62 years. So naturally some energy companies are worried that their arguments for cutting red tape might start falling on deaf ears. According to a story by Wyofile and Standford’s Rural West Initiative, Chesapeake Energy and other oil and gas companies are now talking about their own domestic energy plans, which include shipping American energy overseas. The Checks and Balances Project’s Matt Garrington set the record straight that the current push to end common sense land, water, and air protections is all about a western land grab.
ANOTHER PIPELINE, ANOTHER REASON TO TAKE A SECOND LOOK
In a surprise decision late Tuesday evening, the joint review panel charged with the fate of the controversial Enbridge Northern Gateway oil pipeline extended the schedule nearly a year. According to the Vancouver Sun, the three-member panel is waiting the release of an environmental assessment report coming out in the fall of 2013. The added time is an important step for protecting the health of North American families and our environment, especially following the recent second take of the Keystone XL pipeline.
DON’T BELIEVE THE HYPE
This Saturday, the Checks & Balances Project made the case for why Rep. Doug Lamborn’s PIONEERS Act and Speaker John Boehner’s plan to fund our nation’s transportation infrastructure from oil shale are full of hot air. Joining us was local energy analyst and co-founder of the Association for the Study of Peak Oil & Gas-USA Steve Andrews. Read their guest column in Rep. Lamborn’s hometown paper, the Colorado Springs Gazette.
DID YOU KNOW?
A NEGATIVE MEANS POSITIVE – WHEN IT COMES TO OIL IMPORTS
The Wall Street Journal writes that the United States is on track to become a net oil exporter this year for the first time in 62 years. According to the Energy Information Administration, net imports of petroleum products have steadily declined from September 2010 to September 2011:
In the wake of the Super Committee’s failure, with a government funded bill on the line and a middle-class tax cut at stake, oil-and-gas funded members of the House and an army of 42 lobbying firms are holding hostage the economic welfare of millions of Americans in order to push forward the Keystone Pipeline proposal. This week we’ll get to see what’s most important to Washington politicians – that American families can afford to keep a roof over their heads or that Big Oil can bring oil down from Canada and then export North American energy out of the country.
Twitter: @CandBP | Email: [email protected]