First, the wisdom. John Kasich, Republican governor of Ohio has established a severance tax for the oil companies drilling in Ohio. Here’s how it works. From the Wall Street Journal. The U.S. fracking boom is leading an economic transformation, at least in the states with the wisdom to manage it well—c.f., gas-rich North Dakota’s unemployment rate Read the full article…
The API,( American Petroleum Institute) the most ineffective lobbying group in the history of America, is suing the EPA, currently the most incompetent agency in the history of America. Here’s the story: “The American Petroleum Institute has sued the Environmental Protection Agency, challenging the agency’s requirement that refiners use cellulosic biofuels or pay a fee. Read the full article…
This per the July 24, 2012 Wall Street Journal. Blue Lake, Calif:, “Malodorous brown smoke from a power plant enveloped this logging town on April 29, 2010 and several hundred residents fled until it passed. Six months later, the plant got $5.6 million from a federal program to promote environmentally preferable alternative to fossil fuel.” Read the full article…
