oil and gas production

Why we need to get into more oil exploration

The Green Taliban and their enablers in the Labour and Green parties don’t want us exploring for oil.

The Herald highlights exactly that it is is that they are trying to prevent.

The US Energy Department says the nation’s energy picture is getting ever rosier. Production is rising, consumption is slowing, and prices are expected to remain in check.

According to the Energy Department’s annual outlook, domestic oil output may regain the peak it reached in 1970 over the next two years and petrol prices will fall over the same period to just over $US3 per gallon (NZ$3.60 for 3.8 litres).  Read more »

Rabobank the first corporate Green Taliban? surprise surprise, more hypocrisy

Weak spined Rabobank HQ in the Netherlands is caving in to the loons:

Global agribusiness financer Rabobank is so alarmed about the threat posed to the planet by fracking it’s announced it will not finance businesses involved in the practice.

But Rabobank’s Oceania office says it won’t be stopping business with farmers who allow fracking on their land.

Fracking is the process where fluid containing sand and chemicals is injected at high pressure to fracture rock in order to access previously inaccessible oil and gas from the earth’s crust.

The practice is widespread in Taranaki and the Parliamentary Commissioner for the Environment says New Zealand is on the brink of a rapid expansion of fracking. Read more »

Let’s get fracking

The US is into fracking boots and all, and political opposition is waning. We need to be telling the Green Taliban to frack off and get cracking with the fracking here:

Political obstacles to oil and gas production are starting to fall away at the state and local levels as voters, elected officials and courts jump on the energy boom bandwagon.

Voters are rewarding local politicians who support production. Ballot measures are distributing potential tax windfalls broadly. And most state legislatures are focused on managing the economic and environmental consequences of hydraulic fracturing, or fracking, so the drilling boom can speed up rather than slow down.

The trend is crucial to the nation’s energy future because oil and gas production is regulated and taxed almost entirely by state and local governments. The federal government’s role is largely advisory, except on federal lands and on pipelines.

“Fracking is happening and it’s not going to stop, so we have to take the high road of good regulation and taxes so communities are better off, not worse off, after it’s done,” says Ted Boettner, executive director of the liberal West Virginia Center on Budget and Policy.

Most states were caught off guard when fracking turned Pennsylvania into a major natural gas producer in 2009. Fracking could produce oil or gas in as many as 36 states. Result: The USA will become the world’s No. 1 producer of natural gas in 2015 and oil in 2017, overtaking Russia and Saudi Arabia, respectively, predicts the International Energy Agency.