Capitolizing on Energy

Views on D.C. energy and politics with William O’Keefe

With Oil Prices Forecast to Reach $147 A Barrel, Experts Examine Energy Policy

The George C. Marshall Institute recently hosted a briefing on Capitol Hill to examine what we’ve learned from the past 40 years of energy policy. Panelists—including Karen Harbert, President and CEO of the U.S. Chamber of Commerce’s Institute for 21st Century Energy; Lucian Pugliaresi, President at the Energy Policy Research Foundation; and Mark Mills, founder […]  More »

Heartland Emails Address Politics, Not Merits of Arguments

Mainstream media had something of a field day last week over alleged leaked documents from the Heartland Institute that purport to show the organization’s funding sources and its 2012 strategy. After reading at least a half a dozen articles about these leaked documents, I was left wondering: so what? The implication is that the source […]  More »

SEC Oil Rule Jeopardizes US Competitiveness

The Obama Administration is once again showcasing its inability to understand issues concerning American competitiveness in the global marketplace, as well as its hostility toward U.S. oil companies. The Securities and Exchange Commission (SEC), with the encouragement of the President and many of his Congressional allies, is finalizing a new regulation requiring domestic companies to […]  More »

GM Unplugs from Business Realities with Chevy Volt Re-Launch

General Motors just announced that it is going to relaunch its Chevrolet Volt. To paraphrase a down south saying, you can put a dress and lipstick on a dog, but it’s still a dog. The Volt, like the EV-1 before it, is a car that is not ready for prime time and is a monument […]  More »

Debate Over Need To Panic About Global Warming

Last month, the opinion pages of The Wall Street Journal feature a column signed by 16 scientists—a group of distinguished physicists and engineers—which challenged the conventional wisdom of an impending climate catastrophe. Its authors made the case that there are no compelling scientific arguments support the calls made by activists and politicians for drastic action […]  More »

Pulitzer Prize Winner Plugs Science Education As Energy Solution

Daniel Yergin is the preeminent energy historian of our time. He won a Pulitzer with his 1991 book, The Prize. And he may very well get another with his latest tome, The Quest: Energy, Security, and the Remaking of the Modern World. For anyone interested in the factors that lead to how our current energy […]  More »

Obama Mimics Al Gore, Claims Credit for Others Work

Al Gore’s self-aggrandizing claim that he “took the initiative in creating the Internet” has haunted him since he first uttered it during a 1999 CNN interview. It makes sense. In a society where people expect to be rewarded for their hard work and good ideas, the public generally abhors those who take credit where it’s […]  More »

The Age of Fossil Energy is Far From Over

Last week, the London Sunday Times had an article about a potential discovery of methane hydrates that could more than double the world’s energy reserves. Methane hydrates are methane gas that is frozen by the high pressure and low temperatures of the deep sea.  While the existence of methane hydrates is not new the potential […]  More »

Dems Push “Reasonable Profits Board” to Control Corporate Prices

U.S. Rep. Dennis Kucinich (D-OH) and five other House Democrats proposed this week that the government establish a “Reasonable Profits Board”—an advisory committee with the power to directly control profits of a huge sector of the U.S. economy: our oil and gas industry. But there’s nothing reasonable about it. This proposal is another example of […]  More »

Labor Dept Reports U.S. Jobs Boom in Oil and Gas as Obama Rejects Keystone XL Pipeline

When asked why he robbed banks, infamous mid-20th century criminal Willie Sutton would reply in a matter-of-fact manner: “Because that’s where the money is.” Applying that logic to America’s current unemployment situation should lead the Obama administration to look to U.S. energy resources. Because that’s where the jobs are. The Labor Department’s latest data makes […]  More »

EPA To Fine U.S. Gas Producers $6.8 Million For Not Using Nonexistant Fuel

Over the past few years, EPA regulatory initiatives have led to a lot of head scratching over why Lisa Jackson and her lieutenants were acting in ways that made it difficult for the President to spark an economic recovery. The agency’s latest rules (Boiler MACT, Utility MACT, NAAQS revisions, etc.) offer good examples. They represent […]  More »

ETHANOL: Another Monument to Government Arrogance

The Clean Air Act Amendments of 1990 contained a provision requiring that gasoline contain up to 10% oxygenate, which was a code word for ethanol.  At the time, there was an abundance of technical data demonstrating that reduced tailpipe emissions could be met without the mandate.  But, Congress wanted to enrich corn farmers so the […]  More »