SEARCH BLOG: OBAMA and ENERGY.
From the Democratic National Convention:
In April, the Environmental Protection Agency (EPA) required drillers to capture emissions of certain air pollutants (volatile organic compounds and methane) from new wells. Drillers can burn the pollutants at the wellhead until the start of 2015, when EPA expects that enough equipment will be available to capture the pollution.[ii] The original proposed rule issued by EPA in 2011... was estimated to reduce oil production from hydraulically fractured wells by up to 37 percent and reduce federal royalties by $8.5 billion and state severance taxes by up to $2.3 billion due to reduced drilling and production.[iii]
While other countries are using hydraulic fracturing to increase production and revenues, the United States – which pioneered the technological breakthroughs that led to the practice — is looking to lower oil and gas production and increase costs by increasing regulations on the technology. To date, hydraulic fracturing has helped to reduce our dependence on imported oil and natural gas, lower natural gas and electric utility bills, and increase employment in states where shale oil and natural gas are produced. It looks like hydraulic fracturing should be a win-win relationship for domestic production and consumption of oil and natural gas, but the Obama Administration has proposed changes that threaten that through increased regulations, despite the fact that the states have successfully regulated that industry for half a century or more. _IERHmmm. Well, that's just part of Obama's energy policy, right? How about all of those new battery jobs? Via The Mental Recession:
Solar power? Let's just skip the Solyndra discussion.
Wind power? From the U.S. Energy Information Agency:
Although increasing, electricity from wind contributed to less than 3% of total generation in 2011. Wind energy is the largest source of non-hydroelectric renewable electricity in the United States, contributing 61% of the nearly 200 terawatthours of non-hydroelectric renewable generation in 2011. EIA recently released preliminary data through December 2011 on generation, fuel consumption, and other statistics for the electric power industry in the Electric Power Monthly and Electricity Monthly Update.So, while 27% increase of very little may sound like much, maybe not so much wind energy in that energy policy.
Nuclear power? Obama will just leave that part up to Iran.