3:01 PM, Jun 30, 2014 • By MICHAEL WARREN
A new poll finds Colorado Republican Cory Gardner neck and neck with the Democratic senator Mark Udall in what's become one of the hottest Senate races of the midterm elections. Rasmussen Reports finds Udall with 43 percent support and Gardner, a two-term congressman, with 42 percent support, a virtual tie between the candidates.
The Rasmussen poll is just the latest to show first-termer Udall below 50 percent support, and Real Clear Politics's poll average shows the race is a true toss-up. Both Udall and Gardner easily won their respective primaries this month, with Gardner clearing the Republican field earlier this year in a move that signalled to the national party the race was winnable.
The ad war between the two has already started, with Udall appearing in an ad attacking Gardner for wanting to ban birth control, and Gardner responding with his own ad targeting the Democrat's vote and continued support for Obamacare. The 39-year-old Gardner has also argued the Senate needs a "new generation," contrasting himself with the 63-year-old Udall, who also served in the House of Representatives for 10 years before entering the Senate.
Colorado Republicans also say they are counting the issue of hydraulic fracturing for oil and gas drilling will work their advantage in a state where the ascendent Democratic party is starting to fracture around the issue. Democratic congressman Jared Polis is financing several local ballot initiatives to ban or limit the practice of fracking, while the state's Democratic governor John Hickenlooper, a geologist by trade, has traditionally supported Colorado's energy industry. Udall, meanwhile, has remained silent on the proposed bans. Expect to hear more about these divisions in the coming months.
12:00 AM, Jun 21, 2014 • By IRWIN M. STELZER
And we thought the bad old days of oil shocks were over. Embargoes, price spikes, gasoline lines in America, a sweater-bedecked president ordering the end of hot water in many facilities, collapsing retail sales as high gasoline and energy prices hit stores as much as a big tax increase would, economic stagflation, or worse. Well, it just might be that we were wrong to believe that danger to our continued prosperity has been removed with the death of theories about “Peak oil.”
And the benefits.12:00 AM, May 24, 2014 • By IRWIN M. STELZER
The fracking euphoria had to end. For three reasons. First, the claims for its benefits were wildly exaggerated, ensuring eventual disappointment as even a cheerful reality could not meet the imaginings of the pro-fossil-fuel gang. Second, environmental groups were not going to sit idly by, their formidable political weapons holstered, while fossil fuels received a new lease on life in America.
11:43 AM, May 9, 2014 • By DANIEL HALPER
Beverly Hills has banned fracking. Which makes it "the first municipality in California to prohibit the controversial technique for extracting natural gas and oil from underground rock deposits," according to Reuters.
12:00 AM, Mar 29, 2014 • By IRWIN M. STELZER
America is a fracking cornucopia of crude oil, independent of the rapacious OPEC cartel. And has an inexhaustible supply of natural gas, putting us in a position to become a major exporter able to use its gas reserves as a geopolitical weapon. Take that, King Abdullah and Vladimir Putin. Too good to be true? You bet.
2:06 PM, Feb 14, 2014 • By MICHAEL WARREN
The highest rents in the country aren't in major metropolises like New York, Los Angeles, or Chicago--they're in Williston, North Dakota. Business Insider reports that the highest average monthly rents for entry-level, one-bedroom apartments can be found in Williston, a small town in northwestern North Dakota that's the central city in the state's oil boom of recent years.
12:00 AM, Jan 25, 2014 • By IRWIN M. STELZER
There is something about the energy business that is conducive to the creation of myths. So Roger Sant, a long-time and highly respected participant in the energy policy game and in the industries that energy legislation and regulation affect, told a group of Houston oil men recently. Energy myths do die, but only to be replaced by new ones.
Starting over in North Dakota.Sep 30, 2013, Vol. 19, No. 04 • By MICHAEL WARREN
In O. E. Rølvaag’s Giants in the Earth, homesteader Per Hansa and his family depart from the safety of their Norwegian immigrant community in Minnesota for the open land of the Dakota Territory. This is something Americans have done for hundreds of years—leave home for the chance to start anew. Today, the frontier isn’t far from where the homesteaders of the 19th century settled. North Dakota (unemployment rate 3.2 percent and falling) is a place where plenty of Americans are finding their second chance.
Good news on natural gas is bad news for a Democratic party full of environmental true-believers Apr 29, 2013, Vol. 18, No. 31 • By ROBERT H. NELSON
Much has been said recently about the deep tensions within the Republican party. Far less has been said about a sharp division arising inside the Democratic party.
12:00 AM, Feb 23, 2013 • By IRWIN M. STELZER
“The tectonic plates are shifting” is a much over-used expression. But when it comes to the international energy industry, the expression is apt.
5:53 PM, Dec 12, 2012 • By DANIEL HALPER
Yoko Ono, the wife of the late John Lennon, and Sean Lennon, the son of Yoko and the famed member of the Beatles, teamed up to send a message to New York governor Andrew Cuomo: "Imagine There's No Fracking..."
The message took the form of a paid advertisement in the New York Times:
12:00 AM, Oct 13, 2012 • By IRWIN M. STELZER
We are entering an age of energy abundance. Or not. In keeping with the great tradition of economics, dubbed by Thomas Carlyle the dismal science, let me raise a cautionary note.