Free the Energy and Free the Economy – Part LXII

I’ve laid off the posting on the energy sector a bit due to my position of influence with a large, publicly traded, oil and gas service company. As I now serve on the Oceaneering (NYSE: OII) Board of Directors for the eastern region businesses, my ability to comment is lessened due to the information that I am vested with – but I would like to draw attention to Rick Perry’s energy plan. Analyzed here at Innocent Bystanders (h/t to Dave in Texas at AOSHQ):

The Real Differences Between Perry’s and Obama’s Plans:

  1. Perry’s plan doesn’t require increased government spending;
  2. Perry’s plan doesn’t require expansion of government oversight;
  3. Perry’s plan is based on current technology, so it doesn’t rely on future technological advancements;
  4. Perry’s plan creates cheap energy, further stimulating the economy (Obama’s approach is to increase energy prices to make Green energy options more attractive); and
  5. Perry’s plan uses a very dependable means of expanding the economy, rather than wishful projections based on Keynesian stimuli.

The bottom line is that Perry’s taxpayer-cost-per-job-created is zero, while Obama’s is running around $250K. That comparison alone would sure make for an interesting article. CNN? Anybody?

Perry has faded in the face of poor debate performances, his stand on immigration and the rise of Herman Cain but these are plank positions that the 2012 Republican platform should be constructed with. Perry is acting as the Home Depot for conservatives and providing the lumber.

Just a reminder, prior to my official appointment to the OISL Board on September 1, I did write about energy in the following posts (they are still relevant):

Where for art thou, Julia?

August 22, 2011

In a demonstration of just how unserious and feckless the Obama administration is about energy policy, the Wall Street Journal reports how the Department of the Interior via the Bureau of Ocean Resources has deviated from years of precedent and are attempting to strip Exxon of its leases on the Juliet find in the Gulf… [Read more…]

The Moratorium in the Gulf

July 25, 2011

Don Briggs, President of Louisiana Oil & Gas Association, has a spot on post at the PennEnergy website about the “moratorium” in the Gulf of Mexico that has effectively turned into a permanent “permitorium”. Not much has changed in the 6 months since I wrote this. Mr. Briggs’ comments are replicated here in their entirety:… [Read more…]

Unlock the Energy to Unlock the Economy II

June 17, 2011

Unlock the energy to unlock the economy.  I’ve said it here, here, here and here. Jazz Shaw at Hot Air has been following the situation as well. Great post here. A recent conference on jobs and competitiveness in Washington, DC brought together business leaders who attempted to address some of the business challenges facing the… [Read more…]

The Energy President

June 16, 2011

More energy development blocked… This is just like the situation in the Gulf – total misdirection by this administration. They can legitimately say that they approve of E&P (exploration and production) but the denial of approval to build roads and infrastructure functionally puts the resource off limits. In the Gulf of Mexico, it is the… [Read more…]

Frak!

June 10, 2011

No, it isn’t Battlestar Galactica – with the recovery process called hydraulic fracturing  (fraking or fracking) in the news so much lately, I have had several emails about this process from people wanting to know more about it. There is what amounts to a propaganda documentary out there by a filmmaker by the name of… [Read more…]

Why “Drill, Baby, Drill” is more than just a political slogan…

June 10, 2011

… it is an economic necessity and a national security issue. The most common comment that one hears when there is a push to open new resources is “it is not enough and besides, it will take 10 years to get into production”.  The “not enough” argument is ridiculous because there are more and more… [Read more…]

Energy Policy: Unlock the energy to unlock the economy

June 9, 2011

Why is it that nothing seems to turn the key in our economic engine? The president and his band of merry economic advisors have been furiously manning the handle of the Keynesian pump, “Zimbabwe” Ben Bernanke has been sloshing drums of ink into the Fed printing presses. We have sold the future of our children… [Read more…]

Peak Oil IV

June 9, 2011

This actually preceded the Exxon announcement below. I am proud to say that my company provided subsea equipment critical to the production of this field. The world’s biggest miner BHP Billiton says it is the first operator to bring a new well online in the Gulf of Mexico since last year’s BP Deepwater Horizon oil… [Read more…]

Peak Oil III

June 9, 2011

And the hits keep on coming: ExxonMobil Announces Three Discoveries in Deepwater Gulf of Mexico Potential for more than 700 million barrels of recoverable oil equivalent ExxonMobil drills its first post-moratorium deepwater exploration well in Gulf of Mexico One of the largest oil discoveries in the Gulf of Mexico in the last decade Exxon Mobil… [Read more…]

Energy boom, the free market and government control

June 8, 2011

Those of you who have read my posts here on TRNL and over at Polipundit have heard me call for freeing up the energy sector as a way to spur economic growth.  I am working on a column soon to be published that deals with an aspect of that proposition and why the economy isn’t… [Read more…]

Peak Oil II?

June 3, 2011

I left this alone because I thought it was a joke as it comes from Salon but apparently, it is a straight article. As everyone who follows news about energy knows by now, in the last decade the technique of hydraulic fracturing or “fracking,” long used in the oil industry, has evolved to permit energy… [Read more…]

Peak Oil?

May 28, 2011

Not so much. Until last year, the 17-mile stretch of road between this forsaken South Texas village and the county seat of Carrizo Springs was a patchwork of derelict gasoline stations and rusting warehouses. Now the region is in the hottest new oil play in the country, with giant oil terminals and sprawling RV parks… [Read more…]

Fire Ice

May 22, 2011

One of the banes of deepwater oil and gas recovery is the tendency of the control lines and pipelines to be plugged by an ever present material called methane hydrate. When this compound leaves the elevated temperatures of the subterranean world and encounters the cold temperatures of the sea floor at the high pressures at… [Read more…]

The Day the Deepwater Industry Died…

February 5, 2011

On April 20th, 2010, at 9:45 p.m., the Macondo well in Block 252 of the Mississippi Canyon formation of the Gulf of Mexico (28.736628°N 88.365997°W) experienced a methane gas overpressure surge from the completed well. Like evil incarnate, the methane raced up the drill column from the hellish depths of the earth, some 23,000 feet… [Read more…]

 

One thought on “Free the Energy and Free the Economy – Part LXII

  1. Pingback: America Is Awesome! | The Rio Norte Line

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