While the estimated number of U.S. oil and natural gas wells and dry holes completed in 2009 – 39,068 — was 37 percent lower than 2008, according to officials at the American Petroleum Institute, there is some good news in the Oil Patch. Fourth-quarter totals of 10,609 completions were 19 percent higher than the third [...]
Domestic Drilling Activity Drops 37 Percent in 2009
January 14th, 2010 · No Comments
Tags: · american petroleum institute, api, commodity prices, completed wells, completions, domestic drilling activity, Domestic Drilling Activity Drops 37 Percent in 2009, drilling, drilling activity, dry holes, exploratory oil and gas wells, fourth-quarter drilling estimates, natural gas, oil, oil patch, wells
President Obama, Democrats Ignore Fact: Drilling Holds $1.7 Trillion in Economic Stimulus Potential
February 6th, 2009 · No Comments
President Barack Obama and Democrats in Congress seem intent on passing a pork-laden economic stimulus package despite the fact that oil and natural gas resources that have been kept off-limits by Congress for decades could generate more than $1.7 trillion in government revenue, create thousands of new jobs and enhance the nation’s energy security, according [...]
Tags: · baker hughes, Barack Obama, Bill Clinton, Congress, creat thousands of jobs, drilling activity, drilling rigs, economic stimulus package, energy security, government revenue, icf international, Obama, oil and natural gas, petroleum industry, pork, president barack obama, President Bill Clinton, President Ronald Reagan, rig count, Ronald Reagan
U.S. Drilling Activity Jumps 19% in 4th Quarter
January 13th, 2009 · No Comments
In a post yesterday, I pointed out the fact that Senate Majority Leader Harry Reid and his fellow Democrats in the U.S. Senate seem focused on doing everything they can to oppose energy independence. Fortunately, the folks in this country’s oil and natural gas industry are not following their lead. Instead, they’re setting records for [...]
Tags: · american petroleum institute, api, Democrats, domestic drilling, drilling activity, dry holes, Energy Independence, exploration, exploratory wells, Harry Reid, natural gas, natural gas drilling activity, natural gas wells, oil, oil and natural gas industry, oil wells, production, Senate Majority Leader Harry Reid
Republicans Responsible for Midwest Quake
April 18th, 2008 · 1 Comment
Before the day is over, I fully expect presidential candidates Barack Obama and Hillary Clinton will attempt to place blame for this morning’s 5.2 Midwest earthquake squarely on the shoulders of President George W. Bush and their Republican rival, John McCain. In an attempt to beat the dueling Democrats to this ludicrous punch, I offer [...]
Tags: · Barack, Barack Obama, Clinton, Democrat, domestic drilling activity, drilling activity, Earth Day, George Bush, George W. Bush, Global Temperatures, Global War on Terror, Hillary, Hillary Clinton, John McCain, karl rove, McCain, no child left beind, no-bid ontract, non-union labor, Obama, oil well, President George W. Bush, Presidential Candidate, Republicans, tax cuts for the rich, Terrorism, the earth, u.s. geological survey
