Republicans tore into the Democrats’ sham “energy” bill yesterday at a Capitol Hill rally that drew several members of both houses, including Sen. Jim DeMint (R-S.C.), Rep. Jeb Hensarling (R-Texas), and Rep. Mike Pence (R-Ind.).“This wasn’t a bipartisan bill, this wasn’t a compromise bill. This was a jam-it-down-your-throat bill on the part of the Democrats,” Rep. Michele Bachmann...
After trading at a record high of $147 a barrel Friday, the price of oil saw its largest one-day drop since the 2003 beginning of the Iraq war on Tuesday, falling $6.44 a barrel. Wednesday, it fell another $3.71, to $135.03, and at one point was trading as low as $132. Read More →
In a dramatic move yesterday President Bush removed the executive-branch moratorium on offshore drilling. Today, at a news conference, Bush repeated his new position, and slammed the Democratic Congress for not removing the congressional moratorium on the Outer Continental Shelf and elsewhere. Crude-oil futures for August delivery plunged $9.26, or 6.3 percent, almost immediately as Bush was speaking,...
As the tide of public opinion seems to shift in favor of House Republicans’ demand for a vote on domestic energy exploration, one supporting argument has yet to be discussed: drilling as a way to lower your taxes. Read More →
This is what we’re talking about. This past weekend, I had the privilege of joining Republican Leader John Boehner and nine other members of the House on an “American Energy Tour.” This trip explored the available natural resources that our nation has in Colorado and Alaska to increase domestic energy supply and decrease America’s rising gas costs. ...
There has been a lot of rhetoric from both parties with regards to what policies, if any, can bring down gas prices. John McCain has proposed one bad policy: a temporary gas tax holiday. But recently, the issue of offshore drilling has now come up. Read More →
The United States contains massive amounts of oil held in mineral deposits known as oil shale, located primarily in the states of Colorado, Utah, and Wyoming. The recoverable energy from these high-grade deposits may be more than 1.5 trillion barrels of crude oil equivalent. Read More →
WASHINGTON — The United States has an oil reserve at least three times that of Saudi Arabia locked in oil-shale deposits beneath federal land in Colorado, Utah and Wyoming, according to a study released yesterday. Read More →
“Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world — more than 2 Trillion barrels. On August 8, 2005 President Bush mandated its extraction. Three companies have been chosen to lead the way. Test drilling has already begun…” Read More →
America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian...