George W. Bush
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Bush to lift executive ban on offshore drilling signed by his father
President George Bush will announce this afternoon that he is lifting the executive ban on offshore drilling that has been in place since his father, George H.W. Bush, signed an executive order as president in 1990. The move is mostly symbolic, however. Unless Congress repeals its long-standing ban on offshore drilling, nothing will change. The […]
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EIA maintains offshore drilling gains will be negligible
The GOP and McCain/Bush keep insisting that an end to the federal moratorium on (some) offshore drilling is a major solution to America's oil woes, even though Bush's own energy analysts make clear it is not.
That Energy Information Administration analysis is, however, a couple of years old, so I called up the author today and asked if it was being updated. Turns out a new version will be published in a couple of days, but she explained to me that the "answers are not very different" -- no significant impact for the duration of the analysis (through 2030) -- for reasons I will discuss below. First, however, it wasn't until I talked to her and looked closely at the original analysis -- "Impacts of Increased Access to Oil and Natural Gas Resources in the Lower 48 Federal Outer Continental Shelf" -- that I understood what a cruel hoax this whole issue is.
The oil companies already have access to some 34 billion barrels of offshore oil they haven't even developed yet, but ending the federal moratorium on offshore drilling would probably add only another 8 billion barrels (assuming California still blocks drilling off its coast). Who thinks adding under 100,000 barrels a day in supply sometime after 2020 -- some one-thousandth of total supply -- would be more than the proverbial drop in the ocean? Remember the Saudis couldn't stop prices from rising now by announcing that they will add 500,000 barrels of oil a day by the end of this year!
Here is the key data from EIA:
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We’re number one!
“Goodbye from the world’s biggest polluter!” — President George W. Bush, bidding farewell to the G8 meeting with a joke, upon which “Gordon Brown and Nicolas Sarkozy looked on in shock”
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G8 leaders head to Hokkaido where Bush and his sherpa will provide climate guidance
On Monday, George W. Bush will travel to Hokkaido, Japan, for his eighth and final G8 summit, where climate change is likely to be the subject of heated (ahem) talks. At last year’s meeting, leaders agreed to seriously consider a goal of cutting global greenhouse-gas emissions 50 percent by 2050. But the Bush administration continues […]
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Bush places moratorium on new solar projects on public land
In a parting shot at the competition for its fossil fuels supporters, the uber-lame (duck) Bush administration "has placed a moratorium on new solar projects on public land until it studies their environmental impact, which is expected to take about two years."
- Drilling for oil and gas, even in pristine areas -- hey, we’re former oil company executives.
- Leveling mountains in beautiful West Virginia -- we’re all for it.
- Toxic metals from mining -- bring ‘em on!
- Logging old-growth forests -- what so you think forests are for?
But solar power on publicly owned desert land? We need to study that for two years. Wouldn’t want to risk a rush to clean energy. As Senate majority leader Harry Reid (D-Nev.) said, this is "the wrong signal to send to solar power developers, and to Nevadans and Westerners who need and want clean, affordable sun-powered electricity soon."
The only upside of this lame last-minute attack on renewables is that it can be overturned on January 21, 2009.
This post was created for ClimateProgress.org, a project of the Center for American Progress Action Fund.
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I think Friedman is upset with Bush
The Mustache kicks ass today. He says it’s “hard for [him] to find the words to express what a massive, fraudulent, pathetic excuse for an energy policy” Bush is backing, but he manages fairly well. Extra kudos for highlighting the absurd refusal of Republicans to renew the PTC and ITC. One ommission: he doesn’t mention […]