US Passes Saudi Arabia In Oil Production

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OIL

America now produces more oil than Saudi Arabia!

In spite of the Obama Administration’s hostility to carbon-rich energy, private actors with private capital deployed on private (and state) land have launched a game-changing revolution in domestic oil and natural gas production.

A scarcely reported milestone conveys the magnitude of this turnaround in the global energy landscape.

The U.S. passed Saudi Arabia as the world’s largest petroleum producer in November 2012, according to recently released data of the federal Energy Information Administration.

Read the rest at Investors Business Daily (via Instapundit)

Can you imagine the effect on the global economy and balance of power if we had a political class that wasn’t infested with people who seem so dedicated to mitigating American success?

Think of how many social safety net programs could be soundly funded if our economy were unleashed and our debt paid down.

Of equal if not greater importance, if the American petroleum industry were unshackled from their progressive masters, and allowed to fully exploit our nation’s natural and apparently abundant resources, the current funding model for Jihad would quickly be disrupted in a very meaningful way, significantly eroding their ability to project their murderous reach.

It has to make you wonder, why would anyone be so against something that would probably put an end to our current endless war and pending economic disaster?

Gateway Pundit

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State Department Friday release: Keystone XL will have little environmental impact, but create 42,100 U.S. jobs

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It’s 4:00 on Friday afternoon.  Time to release a report with great news for the American economy, but which will leave hard-core enviros spitting, sputtering and gnashing their teeth.

The Keystone XL pipeline is all gain, no pain.

The U.S. State Department released its draft report on the proposed pipeline (Full report here) concluding that the pipeline will have little impact on the climate or the environment, but building it will create a jobs bonanza.

The State Department predicts that building the pipeline will create:

  • Approximately 42,100 jobs across the United States;
  • Approximately $2.05 billion in employee earnings;
  • Approximately $3.1 billion in direct expenditures; and
  • An undetermined amount of revenue from sales and use taxes.

At the same time the report concludes that the pipeline will have no meaningful effect on the climate, even if you accept (you shouldn’t) the dire predictions of the most extreme climate computer models, as Canada will extract oil from its oil sands with or without the pipeline.  The oil would simply get to market through less efficient means.

Further, the report concludes that with the pipeline’s proposed mitigation measures in place, construction and operation will have no meaningful effect on the U.S. environment, or endangered species

The report has good news for the Canadian environment as well, “The Environmental Screening Report concluded that, with incorporation of Keystone’s proposed measures to avoid or minimize impacts and with Keystone’s acceptance of the NEB’s regulatory requirements and recommended conditions, implementation of the proposed Project in Canada would not likely result in significant adverse environmental effects. “‘

The report even gives the pipeline a passing grade in the politically correct category of “environmental justice” concluding that, “impacts to minority and low-income populations during construction may include exposure to construction dust and noise, disruption to traffic patterns, and increased competition for medical or health services in underserved populations. Such impacts would generally be small and short-term.”  In addition, as “the risk of a potential release is roughly equal at all points along the pipeline, the risks associated with such releases would not be disproportionately borne by minority or low-income populations.”

How about signing some of those low-income people up for the 42,000 construction jobs and welcoming them into the middle class? How’s that for environmental justice?

The pipeline, as Marc Morano who publishes CFACT’s Climate Depot news and information service recently reported, will carry “ethical oil” from Canada, decreasing dependence on “conflict oil” from dictatorships.

The “climate change community” went straight into full reality denying mode.

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US State Department delays Keystone pipeline decision

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* State Dept will not decide on project before end of March

* Nebraska approves TransCanada’s new path

* Environmentalists oppose project for its carbon emissions

* TransCanada says southern leg of project on schedule

By Timothy Gardner and Andrew Quinn

WASHINGTON, Jan 22 (Reuters) – The Obama administration has delayed a decision on TransCanada Corp’s rerouted Keystone XL oil pipeline until after March, even though Nebraska’s governor on Tuesday approved a plan for part of the line running through his state.

“We don’t anticipate being able to conclude our own review before the end of the first quarter of this year,” said Victoria Nuland, a spokeswoman at the State Department, which had previously said it would make a decision by that deadline.

She said the department would take into consideration approval of the line by Nebraska Gov. Dave Heineman.

Interest in The fate of the $5.3 billion pipeline that would link Canada’s oil sands to refineries in Texas has been heightened after President Barack Obama promised to fight climate change.

Obama said in his inaugural address on Monday the United States will respond to the threat of climate change and that failure to do so would “betray our children and future generations.”

The Keystone pipeline is staunchly opposed by environmentalists, who say it will lock the United States for 50 years into dependence on fuel that has higher emissions than average crude oil refined in the United States.

They want the State Department to re-examine the climate impact of the line after it previously said the project would not result in additional emissions because the oil would find its way to market even if Keystone were not built.

It was the latest delay on the pipeline, which has been pending for more than four years.

Last year Obama threw his support behind the southern section of the line, which is now being built and would help drain a glut of crude in the nation’s midsection resulting from new oil drilling in North Dakota.

The State Department will rule on a final permit for the northern section of the line because it would cross the national border.

Read more

Also:

Saskatchewan premier, 10 U.S. governors urge Obama to approve Keystone XL pipeline