Lorne Stockman | The Price of Oil

Posts by Lorne Stockman

Keystone XL benefits from taxpayer subsidies
Lorne Stockman
Feb08
Sen. Mitch McConnell claimed recently that the Keystone XL Pipeline “doesn’t require a penny of our taxpayer money all the president has to do is approve it.” But our research reveals many places that the pipeline project benefits from many taxpayer subsidies. The refineries that are linked to the Keystone XL tar sands pipeline as…
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The big, the bad and the subsidized
Lorne Stockman
Feb07
$135 billion Not the 2010 GDP of Hungary or Kuwait, no it’s slightly more than either of those. In fact, if it was a figure for the 2010 GDP of a nation, it would rank 54th, between Kuwait and Ukraine. It is in fact the combined 2011 profits of the five largest international oil…
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Clean energy is a wedge issue that favors Democrats
Lorne Stockman
Jan26
Great post from David Roberts at Grist. The reaction from independents to Obama’s clean energy messages in the State of the Union speech is encouraging. Big Oil is the 1%. Clean energy translates into jobs that Americans can support. It’s time for all involved to press the advantage. We cross post here with thanks to…
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Keystone XL: playing the Iran card, ignoring the facts
Lorne Stockman
Jan11
The American Petroleum Institute, along with Senator Lugar (R-IN), has grasped the recent threat of a crisis in the Strait of Hormuz as the perfect opportunity to peddle its misinformation about Keystone XL and U.S. energy security. The Strait of Hormuz is a narrow channel of ocean between Iran and Oman through which some 17…
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The API doesn’t just threaten Obama, it threatens us all.
Lorne Stockman
Jan05
Yesterday’s presentation by American Petroleum Institute CEO Jack Gerard (right) was reported widely as the oil industry laying down the gauntlet for Obama to approve Keystone XL. The threat was indeed pretty clear. Gerard claimed President Obama would face “huge political consequences” if he denied the permit for the project. But the API’s agenda, which is clearly…
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Tar sands have trouble ‘getting to market’ – new report
Lorne Stockman
Dec13
Our latest report, Getting to Market: Emerging Investor Risks in the Tar Sands highlights the latest challenge facing the tar sands industry and warns investors to look more critically at industry’s ambitious claims. Download the full report Tar sands extraction projects are moving forward with increasing pace. The industry ambition is to grow production from…
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Dave Camp: You Get What You Pay For
Lorne Stockman
Nov18
Written by Ross Hammond The fossil fuel industry is nothing if not clever. Rather than try to defend on the merits of their taking billions of dollars a year in government handouts, they’ve decided to change not only the conversation, but the language itself. So for example an attempt to repeal some of the oil…
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Pat Toomey: Drill-Baby-Drill, Even in Lake Erie
Lorne Stockman
Nov17
Written by Ross Hammond Residents of Cleveland and Buffalo (where I grew up) might be forgiven if they were not terribly excited about the prospect of having oil rigs off the shores of their fair cities. But according to Supercommittee member Senator Pat Toomey of Pennsylvania, drilling for oil in Lake Erie might just be…
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Fred Upton: Dirty Energy’s BFF on the Supercommittee
Lorne Stockman
Nov17
Written by Ross Hammond There may be no better example of the corrupting influence of Dirty Energy Money in the current Congress than Supercommittee member Representative Fred Upton of Michigan. In July Upton warned of the dangers of private lobbying organizations and special interests “operating in an increasingly competitive lobbying realm in Washington—a world where…
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Senator Rob Portman: “Everything on the Table”?
Lorne Stockman
Nov17
Written by Ross Hammond With a little over a week before the Supercommittee must make its recommendations, all eyes are turning to the Republicans on the Committee to see whether one of them will break from Republican orthodoxy and support cuts in subsidies to the fossil fuel industry. This has been called for by other…
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