Canada Is World’s Biggest Oil Loser With Price Spread – 
Bloomberg
The price difference “highlights the importance and potentially the value of pipelines in Canada that move our oil on an east-west axis,” said Jim Prentice (NGP Photo), …
Feds: Pipeline companies must keep safety records – Valley News Live – The federal government says energy companies must keep up-to-date records to prove they are running the nation’s aging pipelines at safe pressures, a move that comes in response to a deadly natural gas blast that… Energy companies will need to keep …
CEA Headlines by Rebecca Brown.
The Business Roundtable is ramping up pressure on lawmakers to include approval of the Keystone XL oil pipeline in a compromise House-Senate transportation programs funding bill. The group — which represents some of the nation’s largest and most politically connected companies — sent a letter to lawmakers Monday ahead of the launch of formal House-Senate talks tomorrow.
Billionaire Warren Buffett supports building the Keystone XL pipeline that TransCanada wants to build to carry Canadian oil south across the Great Plains to connect to Gulf Coast refineries. Buffett was asked about the project that would cross Nebraska Monday on Fox Business Network. Buffett says he’s not an expert on the project, but he thinks it generally makes sense to build the pipeline.
The Wall Street Journal: As Gas Prices Fall, a Sigh of Relief
Gasoline prices fell for the fifth consecutive week, extending a sharp decline that has eased fears that prices would soon top $4 a gallon at the pump. The average price of regular gasoline dropped to $3.790 a gallon as of Monday, the U.S. Energy Information Administration said, down 3.8% from the 2012 peak of $3.941 reached April 2. Many of the forces that drove gasoline up are reversing, and that is helping bring prices back down, though they still remain near record highs.
U.S. Interior Secretary Ken Salazar is set to approve a major natural gas drilling project in Utah. Salazar planned to make the announcement Tuesday at a pipeline compression station on the far west side of Salt Lake City. He offered no details before the event gets under way. U.S. Sen. Orrin Hatch says Salazar will approve drilling for about 3,500 natural gas wells on public lands in eastern Utah. Hatch and environmental groups say Salazar is approving a project by Texas-based Anadarko Petroleum Corp.
Energy companies will need to keep up-to-date records to prove they are running the nation’s aging pipelines at safe pressures under a new set of guidelines the federal government announced Monday in response to a deadly natural gas explosion in a San Francisco suburb. If pipeline operators can’t ensure their oil and gas lines are running at safe pressures by next year, the Pipeline and Hazardous Materials Safety Administration underscored they could face penalties or some other type of sanction.
American Energy Alliance Headlines and Comment:
Let’s review. Voters trespassing on a Senator’s land for a moment to take a picture? Very Bad. Senator stealing someone’s private property rights through legislation (think ethanol) costing the economy billions of dollars? Completely acceptable. I have no clue why the revolution has not yet consumed us Politico (5/7/12) reports: “
[They] had their pictures taken in front of a sign that said, ‘Dick Lugar, tree farmer of the year, 2003,’” Lugar said during a stop at an assisted living facility, speaking from notes to recount the episode to reporters. “Then they had the audacity to put this on their Twitter accounts and Twitter it out … so that everybody would know that these people had trespassed our farm.”…Lugar said his farm fence was “damaged — not badly — but nevertheless [they] came over the fence to get our signs and deliberately put up these signs out on the farm.”
Sing with us — Stayin’ alive. Stayin’ alive. Ah, ha, ha, ha, Stayin’ alive Bloomberg (5/8/12) reports: Energy Conversion Devices Inc. (ENERQ), a U.S. solar manufacturer that filed for bankruptcy protection in February, will fire 300 employees because it didn’t receive any acceptable bids for an auction of its United Solar Ovonic LLC unit…The cuts will start immediately and the company will retain a smaller staff to manage the bankruptcy process, Auburn Hills, Michigan-based Energy Conversion said today in a statement.
So it turns out that the Chairman may have lied to Congress. I wonder what Chairman/Senator/Whatever Boxer is going to say about this Politico Pro (5/7/12) reports: House Republicans are questioning whether NRC Chairman Gregory Jaczko lied to Congress last year when he said he was unaware of instances in which he was accused of bullying the agency’s staff…Despite claiming to be unaware of the alleged episodes, Jaczko apologized to three female staff members after two tense congressional hearings in December, House Oversight and Government Reform Chairman Darrell Issa (R-Calif.) and other lawmakers said in a letter to the NRC chief on Monday.
Fighting Bob Bradley lays it out – the Emperor has no clothes. The sight is not pretty Forbes (5/7/12) reports: But that’s simply not the case. The bulk of the tax benefits afforded to oil and natural gas manufacturers are deductions on certain business operations — precisely the kind of “breaks” that are available to other America’s manufacturers, covering such things as equipment depreciation, salaries for rig operators, and exploration expenses…And don’t forget the federal government already takes 18 cents per gallon of gasoline sold. State and local governments tack on an average 30 cents. Together, that’s between 10 and 15 percent of the pump price. Repealing the oil industry’s tax “breaks” would just aggravate high prices a little more.
King Bolo wanders all the way out into the desert to flip the switch on 50 megawatts of installed capacity (about 1/10 the capacity of a single modest-sized coal power plant), but still can’t find the time to increase production of oil and gas on federal lands Mercury News (5/7/12) reports: The first commercial solar array approved and built on federal public land began producing electricity Monday from a sun-baked site in the Mojave Desert south of Las Vegas near the Nevada-California state line…Before flipping the switch on the Enbridge Silver State North Solar Project, U.S. Interior Secretary Ken Salazar hailed it as "a landmark for America, a landmark for the solar industry and a landmark for how we use public lands."…"This is the first of these projects to connect to the grid," Salazar said in the first of several appearances planned Monday and Tuesday in southern Nevada and Utah.
Lost in all of the self-congratulatory persiflage is that TSA groping American citizens had absolutely nothing to do with this. In short, the regulatory state (in its most invasive incarnation) had nothing to do with actual results Politico (5/7/12) reports: The CIA thwarted a plot by Al Qaeda’s Yemenese affiliate to destroy a U.S.-bound plane using an underwear bomb, according to The Associated Press…Sources tell the wire agency that the plot involved a more sophisticated version of the underwear bomb that failed to explode on a jetliner over Detroit on Christmas Day 2009.
Sing with us — Stayin’ alive. Stayin’ alive. Ah, ha, ha, ha, Stayin’ alive Bloomberg (5/8/12) reports: Energy Conversion Devices Inc. (ENERQ), a U.S. solar manufacturer that filed for bankruptcy protection in February, will fire 300 employees because it didn’t receive any acceptable bids for an auction of its United Solar Ovonic LLC unit…The cuts will start immediately and the company will retain a smaller staff to manage the bankruptcy process, Auburn Hills, Michigan-based Energy Conversion said today in a statement.
So it turns out that the Chairman may have lied to Congress. I wonder what Chairman/Senator/Whatever Boxer is going to say about this Politico Pro (5/7/12) reports: House Republicans are questioning whether NRC Chairman Gregory Jaczko lied to Congress last year when he said he was unaware of instances in which he was accused of bullying the agency’s staff…Despite claiming to be unaware of the alleged episodes, Jaczko apologized to three female staff members after two tense congressional hearings in December, House Oversight and Government Reform Chairman Darrell Issa (R-Calif.) and other lawmakers said in a letter to the NRC chief on Monday.
Fighting Bob Bradley lays it out – the Emperor has no clothes. The sight is not pretty Forbes (5/7/12) reports: But that’s simply not the case. The bulk of the tax benefits afforded to oil and natural gas manufacturers are deductions on certain business operations — precisely the kind of “breaks” that are available to other America’s manufacturers, covering such things as equipment depreciation, salaries for rig operators, and exploration expenses…And don’t forget the federal government already takes 18 cents per gallon of gasoline sold. State and local governments tack on an average 30 cents. Together, that’s between 10 and 15 percent of the pump price. Repealing the oil industry’s tax “breaks” would just aggravate high prices a little more.
King Bolo wanders all the way out into the desert to flip the switch on 50 megawatts of installed capacity (about 1/10 the capacity of a single modest-sized coal power plant), but still can’t find the time to increase production of oil and gas on federal lands Mercury News (5/7/12) reports: The first commercial solar array approved and built on federal public land began producing electricity Monday from a sun-baked site in the Mojave Desert south of Las Vegas near the Nevada-California state line…Before flipping the switch on the Enbridge Silver State North Solar Project, U.S. Interior Secretary Ken Salazar hailed it as "a landmark for America, a landmark for the solar industry and a landmark for how we use public lands."…"This is the first of these projects to connect to the grid," Salazar said in the first of several appearances planned Monday and Tuesday in southern Nevada and Utah.
Lost in all of the self-congratulatory persiflage is that TSA groping American citizens had absolutely nothing to do with this. In short, the regulatory state (in its most invasive incarnation) had nothing to do with actual results Politico (5/7/12) reports: The CIA thwarted a plot by Al Qaeda’s Yemenese affiliate to destroy a U.S.-bound plane using an underwear bomb, according to The Associated Press…Sources tell the wire agency that the plot involved a more sophisticated version of the underwear bomb that failed to explode on a jetliner over Detroit on Christmas Day 2009.
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