Representative Edward Markey (D.-Mass.) sent a letter to Treasury Secretary Timothy Geithner on July 30 asking the U.S. government to block the proposed acquisition of Canadian oil company Nexen by CNOOC, China’s state-owned oil company. Because Nexen holds leases for oil drilling in U.S. waters in the Gulf of Mexico, which represent about 10 percent of the firm’s assets, the proposed Chinese-Canadian merger is subject to U.S. approval.
JBS CEO Art Thompson's video news update for July 30 - August 5, 2012. In this weekly video news update for July 30 - August 5, 2012, JBS CEO Art Thompson discusses: how the War on Terror produces more terror, the War on Poverty produces more poverty, and the War on Drugs produces more drugs; how Saving the Euro means Saving the EU; and how a suggestion in the New York Times to drop algebra is just another example of the dumbing down of the American student.
Moving forward with President Obama’s environmental agenda, the White House is expected to authorize new federal auto standards in the coming weeks that will nearly double fuel economy requirements for vehicles by 2025. The regulations require “fleet wide” gas mileage of 54.4 miles per gallon, or the average fuel economy for all cars, vans, trucks and other vehicles.
When Houston-area activist Thelma Taormina was allegedly shoved multiple times by a man trying to install a controversial so-called “smart meter” on her home, she had already told the public-utility subcontractor that he was trespassing and to get off her property. When he continued to refuse, Taormina told The New American in an interview, she went inside and got her gun. That worked.
Mounting resistance against President Obama’s seemingly anti-oil agenda, the Republican-led House passed a bill Wednesday that would displace the administration’s new offshore drilling plan. However, the measure is doomed for failure in the Senate, which has prompted Democrats to blast the attempt as a political maneuver made by disgruntled Republicans who oppose the president’s energy policies.
Even amongst fiscal conservatives, defending curbside recycling is an almost knee-jerk reaction: Of course, it’s beneficial. But what if it doesn’t provide its claimed benefits?
Another American solar firm is purportedly in financial disarray after receiving millions of dollars in grants from the U.S. Department of Energy (DOE). Only a year after it opened, the Amonix solar manufacturing plant located in North Las Vegas has idled production, leaving serious questions about the company’s financial viability and whether taxpayers will be burdened with another multi-million-dollar DOE-subsidized boondoggle.
Speaking at a campaign event in Cincinnati, Ohio on Monday, President Obama insisted that he does not make the same mistake twice, and that he would remain steadfast in his efforts to subsidize the “green” energy industry.
Acting on the Obama administration’s inexorable push for alternative fuel, a gas station in Lawrence, Kansas, has become the first in the nation to offer E15 fuel, a blend containing 15 percent ethanol and 85 percent gasoline.
The federal government has done such a bang-up job of picking winners in the “clean energy” field here at home (see, e.g., Solyndra) that it is now planning to spend $20 million of taxpayers’ money on similar projects in Africa — with “hundreds of millions of dollars” to follow, according to Secretary of State Hillary Clinton.