Obama Administration Kicks The Oil-And-Gas Industry While It Is Down

Photo credit: commerce.gov

For the past six years, the oil and gas industry has served as a savior to the Obama presidency by providing the near-lone bright spot in economic growth. Increased U.S. oil-and-gas production has created millions of well-paying jobs and given us a new energy security.

So now that the economic powerhouse faces hard times, how does the Administration show its appreciation for the oil-and-gas industry that has been a boon to the economy?

By introducing a series of regulations—at least nine in total, according to the Wall Street Journal (WSJ)—that will put the brakes on the US energy boom through higher operating costs and fewer incentives to drill on public lands.

WSJ states: “Mr. Obama and his environmental backers say new regulations are needed to address the impacts of the surge in oil and gas drilling.”

U.S. oil production, according to the Financial Times, “caught Saudi Arabia by surprise.” The kingdom sees that US shale and Canadian oil-sand development “encroached on OPEC’s market share” and has responded with a challenge to high-cost sources of production by upping its output—adding to the global oil glut and, therefore, dropping prices.

Most oil-market watchers expect temporary low-priced oil, with prediction of an increase in the second half of 2015, and some saying 2016. However, Ibrahim al-Assaf, Saudi Arabia’s finance minister, recently said: “We have the ability to endure low oil prices over the medium term of up to five years, even if it means delving into fiscal reserves to cover a large deficit.”

Many oil companies are already re-evaluating exploration, reining in costs, and cutting jobs and/or wages. “In the low price circumstance like today,” Jean-Marie Guillermou, the Asian head of the French oil giant Total, explained, “you do the strict minimum required.”

In December, the WSJ reported: “Some North American companies have said they plan to cut their capital spending next year and dial back on exploring for new oil.” It quotes Tim Dove, President and COO for Pioneer Natural Resources Co.: “We are seeking cost reductions from all our suppliers.”

Last month, Enbridge Energy Partners said: “it has laid off some workers in the Houston area”—which the Houston Chronicle on December 12 called “the latest in a string of energy companies to announce cutbacks.”

I have previously warned the industry that while they have remained relatively unscathed by harsh regulations—such as those placed on electricity generation—their time would come. Now, it has arrived. The WSJ concurs: “In its first six years, the administration released very few regulations directly affecting the oil-and-gas industry and instead rolled out several significant rules aimed at cutting air pollution from the coal and electric-utility sectors.”

According to the WSJ: “Some of the rules have been in the works for months or even years.” But that doesn’t mean the administration should introduce them now when the industry is already down—after all, the administration delayed Obamacare mandates due to the negative impact on jobs and the economy.

Canada’s Prime Minister Stephen Harper gets it. Under pressure from the environmental lobby to increase regulations on the oil-and-gas industry, he, during a question session on the floor of the House of Commons in December, said: “Under the current circumstances of the oil and gas sector, it would be crazy—it would be crazy economic policy—to do unilateral penalties on that sector.”

Introducing the new rules now kick the industry while it is down and shows that President Obama either doesn’t get it, or he cares more about burnishing his environmental legacy than he does about American jobs and economic growth.

(A version of this content was originally published at Breitbart.com)

Photo credit: commerce.gov

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by WesternJournalism.com.

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom

Canada Parliament Shooter A Muslim! (No Shock Here)

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The major lapdog lamestream news media once again is ‘shocked’ to discover that the Canadian Parliament shooter might actually be… Muslim!

Quite predictable. Instead of being outraged over the root commandments of Mohammed and the core teachings of Islam and reporting the truth, the media instead focus on potential hate crimes against poor Muslim victims.

Now let’s count the so-called hate crimes against Islam. Maybe one, possibly two, and there surely may be a third one just around the corner–in this Millennium or perhaps the next, so let’s call it…three.

But if we ever try to count the hate crimes by Muslims against non-Muslims, we would quickly loose count since there are many millions of innocent people mercilessly murdered by Muslims who simply were following the core teachings of the Koran and Hadith, commanding them to rape, kill, or convert all non-Muslims. And if you haven’t received the Muslim memo, an infidel is simply defined as a non-Muslim. The so-called ‘holy’ books dictate that this ‘sanctified’ killings are to continue until there is Peace on Earth, as defined as everyone who left alive after worldwide ‘holy’ Jihad is either a Muslim or a highly taxed slave of a Muslim. And if you don’t believe me, just ask a Muslim or look it up online in Islamic scriptures. A simple search phrase of “kill infidels” will show you more truth in one minute than you have seen on any of the three major news networks in your lifetime.

Yes, there have been mass murders by Muslims against innocent women, children, and men since Mohammed created the most terrorist-based religion in world history. That’s nothing new. Over the centuries, people knew this was evil. Our founding fathers had to deal with the Muslim Barbary Coast Pirates, prompting those wise leaders to create the U.S. Navy.

But what is new is the insanity or outright treachery of how of the lamestream lapdog news fakers keep repeating the mantra Obama has given them to report when such Islamic atrocities occur, that neither lone Muslims engaging in terrorism nor any members of the Islamic State are Muslim.

No wonder the ratings of most major television networks are imploding as they descend toward the ash bin of history. We hope and pray to Yahowah God (not to Allah) that when they do announce their impending bankruptcy that our elected leaders don’t bail them out with taxpayer money saying they are too big to fail.

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom

Watch: Parliament Gives Standing Ovation To Hero Who Killed Terrorist

Kevin Vickers

Kevin Vickers, the man who shot and killed the ISIS terrorist who gunned down 24-year-old Cpl. Nathan Cirillo at Canada’s National War Memorial on Wednesday, received a hero’s welcome from his fellow Parliament members Thursday morning.

 

H/T Daily Signal

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom

Watch: Pittsburgh Gives Heartfelt Tribute After Terrorist Attack In Ottawa

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On a night when normally only The Star Spangled Banner is sung because it is a game between two American teams, the Pittsburgh Penguins chose to play ‘O Canada’ before a marquis matchup against their intrastate rivals, the Philadelphia Flyers, Wednesday.

Corporal Nathan Cirillo was killed Wednesday by a gunman as he was standing as a ceremonial honor guard for the Tomb of the Unknown Soldier in Ottawa, near the House of Commons.

Jeff Jimerson led the crowd in ‘O Canada’ prior to the Penguins’ 5-3 defeat at the CONSOL Energy Center Wednesday to show solidarity with Cirillo and all of Canada. Lyrics were shown on the arena’s Jumbotron and the Canadian flag was displayed on the scoreboard and projected on the ice.

Moments of silence were held before games in Anaheim and Edmonton. A game scheduled in Ottawa between the Senators and their intra-provincial rivals, the Toronto Maple Leafs, was postponed for security reasons.

Some on Twitter expressed their dismay that there was no tribute made at the World Series in Kansas City Wednesday.

 

H/T The Score

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom

BREAKING: Video Captures The Moment Gunfire Breaks Out In Canada’s Parliament Bldg

shooting

This is a fast-developing story — details are still being sorted out and confirmed.

There has been an attack by one or more gunmen both outside and inside of Parliament in Ottawa, Canada.

According to the latest information from the CBC, one man has been shot dead inside Parliament, after a man with a rifle shot a soldier standing guard at the War Memorial in downtown Ottawa. Police and witnesses are reporting more shots at other locations surrounding Parliament Hill.

Alain Merisier, who works at the cafeteria in the Parliament building, told CBC News that said he saw a man in a car at the Centre Block with a long gun.

Witnesses said they then heard shots fired, and there was an unconfirmed report of a person injured outside the Library of Parliament.

Police confirmed the shooting at the War Memorial, and sealed off the area while the injured soldier was given emergency medical aid. He was later put into an ambulance.

This comes only hours after a serious incident in Quebec in which two Canadian soldiers were attacked by a man thought to have ISIS ties. You can see the Western Journalism post on this attack by clicking here.

In this new incident in Ottawa, a Globe reporter who was in the Parliament building when the attack took place captured an exchange of gunfire in the extraordinary footage you can see by clicking on the video above.

The National Post reports:

“Gunman at Parliament’s Centre Block has been shot and killed,” Conservative MP Bernard Trottier tweeted at 10:30 a.m. Tory MP Bob Zimmer also reported the same. Those reports are unconfirmed as police are still actively searching the area and say it is “not a secure scene” as there may be multiple shooters.

Two sources told The Canadian Press that Kevin Vickers, the sergeant-at-arms for the House of Commons and 29-year RCMP veteran, shot a gunman. Both CBC and CTV are reporting a single gunman has been confirmed dead.

Thestar.com updates the story with these details:

A gunman opened fire at the National War Memorial, wounding a soldier, then moved to nearby Parliament Hill and wounded a security guard before he was shot, reportedly by Parliament’s sergeant-at-arms.

Despite the shooting of the suspect, police and soldiers continued a chaotic hunt, leading to speculation there was more than one suspect.

The incident on Parliament Hill was an unprecedented breach of security, according to eyewitnesses.

 

Image Credit: youtube | Globe and Mail

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom