Wednesday, February 12, 2014

Cracking the Green Wall in 2014

By: Richard Bornemann 2/10/2014
It’s been a tough five years for anyone seeking a rational and production-oriented energy policy from Washington.  Department of Interior leasing policies still block most oil and gas development on both on-shore and offshore public lands, even as a multi-decade statutory drilling offshore moratorium, expired in 2008. Today’s hydrocarbon boom relies on private property, or on state or county lands.
EPA’s war on coal is real, and it mobilized after a 2007 Supreme Court decision declared that carbon dioxide, and other so-called “green house gases,” were actually “pollutants” under the Clean Air Act. An oft-threatened regulatory storm began after “cap and trade” legislation failed in an overwhelmingly Democrat Congress.  An endless stream of grants and loan guarantees have flowed to failed developers of solar panels, exotic batteries, electric cars, and a parade of cellulosic (non-food) biofuel startups. And, even more loan guarantees and tax credits have flowed to wildly expensive and intermittent solar and wind facilities, whose electricity people are forced to buy because their local utilities, in some 30 states, have to meet “Renewable Energy Standards” in their wholesale power purchases.....To Read More....

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