Thursday, April 7, 2011

Oil Drilling News


OFFSHORE OIL DRILLING


US Republicans Target May For Vote On Bills Requiring Oil And Gas Leases


'More lives at risk' in spills

Democrats say Republicans 'in denial' about Gulf oil disaster

"Democrats on Wednesday slammed House Republicans for pushing legislation that would dramatically expand offshore drilling before mandating new safety requirements in the wake of the Deepwater Horizon disaster."

More Holes at the Bottom of the Sea Won't Lower Gas Prices (NRDC blog)


ENERGY POLICY


Koch's web of influence

"Koch has lobbied to preserve some of the oil industry's coveted tax breaks and credits. 

One benefit is known as the Section 199 deduction, approved by Congress several years ago to help the hard-pressed U.S. manufacturing sector. In light of the oil and gas industry's hearty profits, the Obama administration and members of Congress have sought to end the Section 199 subsidy for energy firms and save the U.S. Treasury $14 billion over 10 years. But Koch lobbyists and trade associations have worked to preserve the deduction."


ALTERNATIVES TO OIL


G.E. Plans to Build Largest Solar Panel Plant in U.S.

IEA urges scrapping $312b fuel subsidies
""More aggressive clean energy policies are required, including the removal of fossil fuel subsidies and implementation of transparent, predictable and adaptive incentives for cleaner, more efficient energy options," said the Clean Energy Progress Report."

Little Relief Seen From High Oil Prices
"...for the long term the best way we can avoid rising prices is investment in projects, nonconventional energy and reducing consumption in all countries."