Archive for the 'oil lobbyists' Category

12
Nov
08

Pickens’ Texas Tea, Blue Gold, Billionaire…

Much has been make of Pickens’ Plan; Very little has been made of Pickens’ Mesa Water, Inc. and its potential piggybacking on Pickens’ Plan… how stealthy of him!

T. Boone Pickens: Oil Tycoon Drilling Water in Texas

Oil Tycoon Drilling Water in TexasExcerpt:

Despite his energy investment funds losing $1 billion during this year’s market collapse and his personal loss of about $270 million, famed oilman T. Boone Pickens still looks to turn his attention from “black gold” to “blue gold.” The billionaire tycoon recently supplemented his property holdings in Roberts County, Texas with 200,000 acres of land atop the Ogallala Aquifer. Under Texas law, this purchase entitles Mesa Water, Pickens’ new company, to take more than 320,000 acre-feet of water, equivalent to more than 104 million gallons, from the property. Pickens plans to pump the water from his land in the state’s north- eastern panhandle and pipe it to Lubbock, El Paso, San Antonio or the Dallas-Fort Worth area.

I read recently that Mesa Water has suspended plans to build the pipeline from being unsuccessful in locating a water buyer, but that talks are underway with prospective buyers.

21
Oct
08

Election 2008 – top environment and oil recipients and contributors

Top Recipients from Environment
Candidate Total
Obama, Barack (D) $237,600
Udall, Mark (D-CO) $162,974
Udall, Tom (D-NM) $76,466
Clinton, Hillary (D-NY) $58,366
Boxer, Barbara (D-CA) $51,300
Top Contributors from Environment

Organization Total
Dem
Repub
League of Conservation Voters $139,029 95% 5%
Sierra Club $138,315 99% 1%
Global Green USA $119,900 100% 0%
Natural Resources Defense Council $85,770 88% 12%
Nature Conservancy $67,285 93% 7%
Top Recipients from Oil & Gas
Candidate Total
McCain, John (R) $1,978,035
Giuliani, Rudolph W (R) $638,858
Cornyn, John (R-TX) $539,650
Obama, Barack (D) $506,083
Romney, Mitt (R) $475,294
Top Contributors from Oil & Gas
Organization Total Dem Repub
Koch Industries $1,326,898 14% 86%
Exxon Mobil $904,629 20% 79%
Chevron Corp $814,225 24% 76%
Valero Energy $725,222 21% 79%
Occidental Petroleum $468,151 24% 76%

source: The OpenSecrets.org Center for Responsive Politics

18
Dec
07

Keeping Warm in Bed with Big Oil

Well, it was mostly business as usual this past week on Capitol Hill. The US Senate voted down a national energy bill which was said to be a comprehensive approach to reducing carbon emissions. The bill included requirements for utilities to produce 15% of their electricity from renewable sources by 2020 and provided $21B in tax incentives for the production of clean energy (production tax credit, or PTC) . Both the two-year extension of the PTC and the small wind credit fell one vote short of the 60 needed to avoid a filibuster. Those wind credits, the solar investment credit and most federal renewable energy tax credits are set to expire in 2008. The bill buckled under pressure from Republican minority leader, Senator Mitch McConnell, who threatened to filibuster the bill due to it’s repeal of $13B in oil company tax breaks.

After negotiation, a revised bill was passed in which a $13B tax increase on oil companies and the requirement for utilities nationwide to produce 15% of their electricity from renewable sources, was left out of the bill.

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18
Dec
07

Freedom Fuels film

Freedom Fuels takes an in-depth, solution orientated look at renewable fuel sources, such as biodiesel, ethanol and vegetable oil. It explores the petroleum industry’s suppression of alternative fuels and examines the potential positive and negative impacts of biofuels.

Download the free full version at Mofilms.org
(Running time: 50 min, File size: 196.05 MB)

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24
Nov
07

Big Oil Influence on Energy Policy and a (hopeful) Shift in Political Climate

There was a very interesting article on PBS’s NOW website called Big Oil, Big Influence, that is worthy of a read. Not like folks don’t already know how the oil lobby has influenced Washington over the last seven years, but it also speaks of how the Democratic Congress is finally attempting to grow some ‘nads after a year as a majority.

Previously, “With members of Congress paying special attention to Big Oil, the policy that elected representatives have developed does not reflect the interest of the public, which wants “affordable, reliable, clean sources of energy,” Tyson Slocum, director of Public Citizen’s Energy Program, says. A 2006 survey by the Pew Research Center found a majority of Americans across the political spectrum want an energy policy that emphasizes renewable and alternative sources of energy.”
But now, “The oil and gas industry is finding that it’s getting less for its money on Capitol Hill. Other industries with competing interests and far less cash to spread around, such as environmental groups and alternative energy producers, are now finding more support for their legislative goals. For example, the Clean Energy Act of 2007 seeks to repeal the 2004 and 2005 tax breaks to Big Oil and re-direct the money to renewable energy efforts.” So far Congress has been slow to push through comprehensive energy legislation, in part because issues related to renewable energy standards and fuel efficiency standards differ by region, rather than political party, which means not all democrats are on board.
“As Congress wrestles with the comprehensive energy legislation, the oil and gas industry is not only fighting off repeals of its tax breaks, but is pushing again for increased domestic production of energy, specifically permission to drill in certain coastal areas that have been off limits. The companies are also trying to prevent democrats from prosecuting them for jacking up prices excessively and they publicly oppose the bill’s mandated use of alternative fuels. The industry joined the fight for coal-to-liquid fuel, in which oil companies have investments, but the controversial provision to encourage creating diesel fuel from domestic coal has already been eliminated from both the house and senate’s versions of the bill.” The best Big Oil can do right now is slow down the legislation, Marchant Wentworth of the Union of Concerned Scientists says. “The [legislation] is being held up because the oil and gas industry is concerned about closing loopholes for offshore drilling,” he says. “They’re fighting this tooth and nail. This is slowing down the clean energy solutions that the public wants.”
“Environmentalists, who had very little influence in Congress when Republicans were in control, are now seeing the lawmakers seriously consider their positions. This includes environmentalists’ support of fuel efficiency standards, a mandate for electric utility companies to produce 15 percent of electricity from renewable sources and their opposition to coal-to-liquid fuel development.”
“The Democratic Congress has made clean energy legislation a priority because of rising gas prices and concerns about the nation’s dependence on foreign oil sources, in addition to a scientific consensus that human activity is the root cause of today’s global warming. Many Republicans, too, are on board and looking for solutions. “The single most important thing that’s happened in the last five years is the price of oil has shot up,” Stanford’s David Victor says. “That run-up has changed the politics and incentives for people to take an interest in conservation, and that’s completely bipartisan.”




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