Maley's Energy Blog

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http://www.humanevents.com/2012/08/26/romney-energy-plan-makes-bold-contrast-from-obama/

“Energy issues are central to the country’s economic revival and will be a major focus of the presidential campaign, say political observers who predict Mitt Romney’s positions on the issues will be popular with voters.

“While President Barack Obama rails against fossil fuels and supports billions of dollars in new spending for experimental sources of energy, Romney and running mate Paul Ryan support the development of the country’s natural resources as the foundation for a growing and modern economy.

“ ‘The Obama administration is the most hostile in history to the types of energy that are affordable and abundant right here at home,’ said Dan Kish, senior vice president for policy at the Institute for Energy Research in Washington, D.C. ‘The war on fossil fuels they have waged will take years to correct because they have carpet-bombed coal communities and put policies in place that will make it harder to produce oil and gas from taxpayer-owned lands controlled by the government.

“ ‘Romney and Ryan have signaled a reversal of the suicidal energy policies of the Obama administration and see the potential for job growth and economic renaissance for the nation that could come from putting our people to work producing affordable energy instead of throwing tens of billions of dollars down a rat hole pursuing energy sources that cost too much and will make America less competitive,’ Kish said.”

http://fuelfix.com/blog/2012/08/26/isaac-shuts-in-24-percent-of-offshore-oil-production/?utm_source=twitterfeed&utm_medium=twitter

“As of 11:30 am Sunday, about 24 percent of current daily oil production in the Gulf had been shut-in, according to operator reports to the U.S. Bureau of Safety and Environmental Enforcement. It also said just over 8 percent of natural gas production had also been shut down.

“Personnel had been evaucated from 39 production platforms – which represents almost 7 percent of 596 manned platforms – as well as 8 drilling rigs out of the 76 now operating in the Gulf.”

Summer NAPE 2012

http://www.api.org/news-and-media/news/newsitems/2012/aug-2012/sec-transparency-rule-likely-to-harm-competitiveness-cost-jobs.aspx

WASHINGTON, August 21, 2012 – API Chief Economist John Felmy told reporters this morning that the draconian approach the Securities and Exchange Commission is expected to take on its new regulations implementing Section 1504 of the 2010 Dodd-Frank financial reform law will force disclosure of commercially sensitive information that will hurt the competitiveness of America’s oil and natural gas companies and cost jobs back home:

“The SEC appears to want to require publicly traded energy firms to release commercially sensitive, detailed payment information about every foreign and U.S. project. With a few clicks of a mouse, state-owned foreign firms – companies like the China National Petroleum Company and Russia’s Gazprom – could plunder that information, which could help them determine their rivals’ strategies and resource levels.

“Unfortunately, disclosure would not be a two-way street. State-owned foreign companies would have to reveal nothing – and might even be favored for projects in host countries reluctant to have financial information disclosed.

http://www.nola.com/politics/index.ssf/2012/08/demos_vp_candidate_ryans_budge.html

"We already knew the Ryan budget would end Medicare as we know it, but it would also shut down our parks [!] and leave Americans more vulnerable to dangerous wildfires," said Rep. Ed Markey, D-Mass., the top Democrat on the House Natural Resources Committee. "This slash and burn approach to our budgetary problems will end jobs, end vacations, and even possibly end lives."

What a maroon.

http://www.worldoil.com/Saudi_Aramco_computer_network_attacked_by_virus_operations_unaffected.html

Saudi Aramco computer network attacked by virus, operations unaffected

By JACOB GRONHOLT-PEDERSEN

DHAHRAN, Saudi Arabia — A serious computer virus that late Wednesday forced the world’s largest oil producer, Saudi Arabian Oil Co., to isolate all its electronic systems from outside access left the company’s operations unaffected, the company said Thursday morning.

“The company has isolated all its electronic systems from outside access as an early precautionary measure that was taken following a sudden disruption that affected some of the sectors of its electronic network,” Saudi Aramco said in a statement.

“The interruption has had no impact whatsoever on any of the company’s production operations,” it said.

The disruption is suspected to be the result of a virus that had infected personal workstations without affecting the primary servers and components of Saudi Aramco’s network, the company said.

http://fuelfix.com/blog/2012/08/20/obama-aide-says-using-petroleum-reserve-is-an-%E2%80%98option%E2%80%99/

The Obama administration is monitoring oil markets and a release from the nation’s Strategic Petroleum Reserve remains “an option that is on the table” if prices rise or supply is disrupted, said Josh Earnest, a White House spokesman.

“The administration does carefully monitor the global oil market” because of its impact on the economy, Earnest said at a briefing today. No decision has been made and he refused to say whether there is active discussion about the reserve.

“In terms of how that decision’s going to get made or whether it’s going — made or what’s going to factor into that decision, I’m not able to shed any light on that,” he said.

The administration discussed planning for using the reserve earlier this year when the average retail price of gasoline in the U.S. increased to almost $4 a gallon and the European Union prepared to impose a ban on Iranian oil imports.