Archive for Oil & Natural Gas

US Navy Fires on Ship in Persian Gulf, One Dead – ABC News


An American Navy ship fired on a boat in the Persian Gulf today, killing one person and injuring three others aboard the craft, a U.S. naval official told ABC News.

A spokesperson for the Navys 5th Fleet, which is based in nearby Bahrain, said that a security team aboard the oil supply ship U.S.N.S. Rappahannock fired a .50 caliber machine gun at a “small motor vessel after it disregarded warnings and rapidly approached the U.S. ship” off the coast of Jebel Ali, a city approximately 30 miles from Dubai in the United Arab Emirates.

The Navy is investigating the incident as details continue to emerge. A Navy official said the offending vessel was a white pleasure craft, but a UAE official told ABC News it was a fishing boat with four Indians and two Emirates on board. There doesnt appear to be any indication the incident was terror-related, the UAE official said.

The Navy official said its not uncommon for Iranian speed craft to harass U.S. ships in the region, but in this case the boat wasnt Iranian.

“I cant emphasize enough that this has nothing to do with Iran,” the official said.

via US Navy Fires on Ship in Persian Gulf, One Dead – ABC News.

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EPA official aplogizes for call to ‘crucify’ oil companies

EPA official aplogizes for call to ‘crucify’ oil companies

A top EPA official has apologized for comparing his agency’s enforcement strategy to Roman crucifixion — as Republican Sen. James Inhofe launched an investigation and told Fox News the comments are part of a campaign of “threats” and “intimidation.” 

Al Armendariz, the EPA administrator in the Region 6 Dallas office, made the remarks at a local Texas government meeting in 2010. He relayed to the audience what he described as a “crude” analogy he once told his staff about his “philosophy of enforcement.” 

“It was kind of like how the Romans used to, you know, conquer villages in the Mediterranean,” he said. “They’d go in to a little Turkish town somewhere, they’d find the first five guys they saw, and they’d crucify them. 

“And then, you know, that town was really easy to manage for the next few years,” he said. 

Armendariz went on to say that “you make examples out of people who are in this case not complying with the law … and you hit them as hard as you can” — to act as a “deterrent” to others. 

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What if Oil and Natural Gas are Renewable Resources?

What if Oil and Natural Gas are Renewable Resources?

The evidence is mounting that not only do we have more than a century’s worth of recoverable oil in the United States alone (even if there is a limit to the earth’s oil supply), but that we also actually have a limitless supply of Texas tea because oil is in fact a renewable resource that is being constantly created deep under the earth’s surface and which rises upward, where microscopic organisms that thrive in the intense pressure and heat miles below us interact with and alter it.

In other words, we have an unending supply of oil, some of which is constantly migrating upward from the depths at which it is created to refill existing oil deposits, and much more of which remains far below the surface.  This oil can be recovered using existing technology.

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Poll: Most say Obama tanking on gas

Poll: Most say Obama tanking on gas

Almost two-thirds of Americans, 65 percent, said they disapprove of the way President Barack Obama is dealing with rising prices at the pump, a new Washington Post/ABC News poll finds.

Only 26 percent – the president’s lowest rating in the poll — said they approve of his handling of gas prices, while a majority, 52 percent, said they “strongly” disapprove.

Read more: http://www.politico.com/news/stories/0312/73875.html#ixzz1pCXQyN3h

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$4 a gallon gasoline likely to hit L.A. this weekend – latimes.com


Just in time for Presidents Day: get ready for the long holiday weekend’s highest prices ever in Southern California as $4 gasoline is expected to arrive in Los Angeles, Long Beach, and probably Orange County, too.

That’s what energy analysts are predicting as the average price of a gallon of gasoline in the Los Angeles-Long Beach area reached $3.996 a gallon overnight, up nearly 2 cents since Thursday. That was also a jump of 15.9 cents a gallon since last week.

That’s according to the AAA Fuel Gauge Report, a daily record of credit card receipts compiled from more than 100,000 service stations around the U.S. by the Oil Price Information Service in New Jersey and by Wright Express.

Not far behind the L.A. area: San Diego is also on the brink at $3.992 a gallon, up 16.2 cents since last week, according to the report. Orange County was also on the cusp, rising 16.2 cents a gallon in the past week to an average of $3.989 a gallon.

via $4 a gallon gasoline likely to hit L.A. this weekend – latimes.com.

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Another “You Lied” Moment…

Facts are stubborn things….

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Articles: Obama’s Plan for $10 Gas

American drivers are angry at having to pay $4 a gallon for gas, and understandably so.  Their anger is often directed at the oil companies that supply the gas.  It should be directed at Barack Obama instead.

via Articles: Obama’s Plan for $10 Gas.

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Pic of the Day!

Now that’s funny!

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