US Oil Production is at 15-Year Highs, But Who Built That?

As President Obama has made a point of this election season, during his term US oil production has increased from what was considered a terminal decline just a few short years ago. (See my  previous article on the subject.) At the second presidential debate Mr. Obama stated: “We have increased oil production to the highest levels in 16 years. Natural …

Energy in the 2012 Elections

With the 2012 federal elections looming, the two parties are vying for voters. In Colorado this week, President Obama was promising an extension of the George H.W. Bush Administration’s tax credit to corporations who participate in the generation of power from wind stating,  At a moment when home-grown energy, renewable energy, is creating new jobs in Colorado and Iowa, my …

U.S. Energy Companies: Forced to Show Their Cards

The United States is one of the rarest countries in the world where not only do private individuals own and profit from mineral rights, but the companies that produce and extract these minerals are privately owned and publicly traded. Throughout most of the world, the minerals beneath the earth’s surface are the property of the state, and the entities that …

The Frac’ing Truth

Land and business owners in Broome County, New York filed a lawsuit to lift a two-year ban on oil and gas drilling. They would like to benefit from the creation of jobs and prosperity. So would the members of two landowners’ coalitions representing over 1300 families who own a combined 31,000 acres. Lifting the ban would restore their right as …

North Dakota’s Economic Stimulus

In North Dakota, a state with a 3% unemployment rate, the labor shortage is so great that businesses are now employing international students who have obtained four-month work visas. While many states with two or three times North Dakota’s unemployment rates are eagerly looking for government bail-outs and government-funded “stimulus” packages, North Dakota has embraced the ultimate stimulus–a high degree …