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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Murrey Walker who wrote (7108)	1/19/2012 2:44:28 PM
From: Wharf Rat	Respond to of 85487

Fooius kochii? You realize "non-believer" is just another term for "scientifically illiterate", don't you? Balls to the wall is too slow. Obama has already failed. The failed presidency of Barack Obama, Part 1 By Joe Romm on Jul 22, 2010 at 12:54 pm Rolling Stone: “Instead of taking the fight to big polluters, President Obama has put global warming on the back burner” thinkprogress.org

To: Murrey Walker who wrote (7108)	1/19/2012 5:04:42 PM
From: Alastair McIntosh	Read Replies (1) \| Respond to of 85487

damn the fossil fuels Doesn't appear to be the case, Murrey: Eighteen months ago, such a flurry of activity in the Gulf seemed unlikely. The Obama administration halted drilling and stopped issuing new permits after the explosion of a BP well killed 11 workers and caused the largest oil spill in U.S. history. But the drilling moratorium was eventually lifted and the Obama administration issued the first new drilling permit in March. Now the Gulf is humming again and oil executives describe it as the world's best place to drill. "In the short term and the medium term, it's clearly the Gulf of Mexico," says Matthais Bichsel, a Royal Dutch Shell PLC board member who is in charge of all of the company's new projects and technology. By early 2012 there will be more rigs in the Gulf designed to drill in its "deep water" — defined as 2,000 feet or deeper — than before the spill. guardian.co.uk also whitehouse.gov America's Natural Resource Boom Only a few years ago, fears of a looming natural gas shortage led to significant investments in the rapid construction of liquefied natural gas (LNG) port facilities that could enable the United States to import vast quantities of natural gas. Projections from the Energy Information Administration (EIA) as recently as 2005 suggested expanding natural gas imports for decades. Just several years ago, leaders of the domestic organic chemical industry predicted that shortages in natural gas would dramatically raise the domestic price of natural gas, one of their key inputs. Without the prospect for adequate domestic supplies of natural gas at reasonable prices, companies increasingly pointed to overseas operations where they could access large quantities of low-cost natural gas. Since the mid-2000s, however, the discovery of new natural gas reserves, such as the Marcellus Shale, and the development of hydraulic fracturing techniques to extract natural gas from these reserves has led to rapidly growing domestic production and relatively low domestic prices for households and downstream industrial users. Appropriate care must to be taken to ensure that America's natural resources are extracted in a safe and environmentally responsible manner with the safeguards in place to protect public health and safety. Provided these precautions are taken, the potential benefits to the U.S. economy are substantial. Of the major fossil fuels, natural gas is the cleanest and least carbon-intensive for electric power generation. By keeping domestic energy costs relatively low, this resource also supports energy intensive manufacturing in the United States. In fact, companies like Dow Chemical and Westlake Chemical have announced intentions to make major investments in new facilities over the next several years. In addition, firms that provide equipment for shale gas production have announced major investments in the U.S., including Vallourec’s $650 million plant for steel pipes in Ohio. An abundant local supply will translate into relatively low costs for the industries that use natural gas as an input. Expansion in these industries, including industrial chemicals and fertilizers, will boost investment and exports in the coming years, generating new jobs. In the longer run, the scale of America's natural gas endowment appears to be sufficiently large that exports of natural gas to other major markets could be economically viable. There is also this: Auto Plants at Capacity Buoying All Parts of U.S. Economy: Cars bloomberg.com None of the above sounds like good news for the Rs, BWDIK