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Click here to visit the new home of Politics Daily!(Oct. 7) -- The Association for the Study of Peak Oil and Gas made a dire prediction today. The world has been extracting oil from the earth for just 150 years, but "peak oil," the point at which fuel production will begin to decrease while demand continues to increase, has finally come. "We are at the point of no return," said Jim Baldauf, ASPO-USA president. "Without affordable energy to drive our economy, we can expect price spikes and economic crisis to be the new normal. The debate about peak oil is over; it is time for bold action. If we do not change our current approach, we will see ...
Large energy industries, led by oil and gas, have spent a combined $2.9 billion over the past decade on electing candidates, lobbying for industry-friendly policy, and swaying regulators in their favor, according to a report released Tuesday by Common Cause, a nonpartisan organization that monitors money in politics. Since 1990, donations to lawmakers from employees of energy companies and their political action committees have increased more than 300 percent, according to the report, which is based on public data from the Center for Responsive Politics, a government watchdog group. While ...
While BP chief executive Tony Hayward turns his attention to yachting and other company officials take control of the massive oil spill in the Gulf of Mexico, the company continues its quest for energy resources inland. In fact, BP plans to start drilling again for natural gas in one Colorado county this fall. But that method of drilling -- hydraulic fracturing is the technical term, "fracking" is the shorthand -- is getting plenty of attention this week with the release of the HBO documentary "Gasland," currently airing on On Demand. The film, which won the special jury prize for ...
(June 18) -- Billy Nungesser may have emerged as the media star of the BP oil spill disaster, but the Plaquemines Parish president, like nearly every other Louisiana elected official, has been a friend to the oil and gas industry. Though he is the most-well-known face of Gulf Coast residents angry that the busted well is still spewing oil nearly two months after the Deepwater Horizon rig exploded, the national media's go-to guy will potentially profit from the disaster. The New Orleans Times-Picayune reported that Nungesser, who has been touted as a possible lieutenant governor candidate, ...
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