Asset Tests, Layoffs and the Race to Give Away Tax Dollars to Big Oil

By: ThirdandState Friday February 3, 2012 3:15 pm

War has broken out between West Virginia, Ohio and Pennsylvania over who can give away more tax dollars to Shell Oil.

Energy Innovation: Obama’s State of the Union a Frothy Mix of Promise and Prattle

By: Gregg Levine Wednesday January 25, 2012 4:14 pm

When I turned on the TV last night, I wanted to stand up and cheer. While watching President Obama’s State of the Union address, I felt much like I did when I watched his 2008 acceptance speech at Mile High Stadium in Denver. OK, that’s not true–not hardly. Reality has not been kind to Obama’s rhetoric, after all. But when Obama got to the energy section of the speech, I found much to applaud, not unlike in 2008. . . with some obvious caveats for his praise of dirty, dangerous, failed or flat-out fictional forms of energy production.

State of the Union Preview: Tax Fairness, Energy, Housing Among Topics

By: David Dayen Tuesday January 24, 2012 4:45 pm

Small hints have been dribbled out to journalists ahead of tonight’s State of the Union Address, which in an election year invariably signals an attempt by an incumbent running for re-election to set the terms of the debate, to state what they will campaign on throughout the year. Looks like the focus will be on tax reform, housing, energy, but how will this President go to confront an obstructionist Congress and his own instincts?

Fight Over Fracking in New York State Among Top Issues for 2012

By: David Dayen Friday December 30, 2011 6:00 am

I’m saving my “What to Look for in 2012″ listicle for tomorrow, but one of the issues that may not make the list, but which is terribly important, is the battle in the states over hydraulic fracturing, or fracking. 2011 was the year when this issue finally bubbled up to the surface (pardon the pun) and into the consciousness of the public. The critically acclaimed Gasland came out in 2010, but anti-facking forces benefited this year from some scientific revelations. Independent studies for the first time identified fracking as a cause of methane contamination and water pollution, and late in the year, the EPA agreed in a case in Wyoming.

Light Bulb Industry Angered by GOP Delay of Tougher Light Bulb Efficiency Standards (?)

By: David Dayen Monday December 19, 2011 3:33 pm

As part of the omnibus spending bill, the federal government will delay enforcement of new regulations for increased energy efficiency in light bulbs. Republicans claim that this delay, achieved through blocking Energy Department funding for enforcement through Fiscal Year 2012, will “save” the incandescent light bulb, but in reality incandescent bulbs were never banned. And light bulb manufacturers put a lot of money and effort into meeting the standard, so they oppose the delay altogether.

House GOP Dim Bulbs’ Bright Idea? Raise Your Utility Bill

By: Scarecrow Friday December 16, 2011 4:15 pm

With so many atrocious things happening in Congress — and necessary things not happening — it may seem odd to focus on a relatively minor provision in the omnibus spending bill that defunds a small program at the Department of Energy.

But the dim bulbs in the House and their Tea Party followers deserve attention for insisting on a measure that will raise your monthly utility bills, enrich coal and gas companies and increase global pollution. You have to be exceptionally stupid to accomplish all that.

Buffett Purchases $2 Billion Solar Farm in California

By: David Dayen Wednesday December 7, 2011 4:21 pm

Maybe Warren Buffett’s purchase of a California solar farm will finally force a recognition of the potential of solar energy from an economic standpoint. Since the dissolution of Solyndra, oil-besotted conservative lawmakers have dismissed this potential, saying that the industry was simply unprofitable. When Buffett makes an investment, that becomes a harder sell.

Fracking Company Cuts Off Clean Water Shipments to Community They Contaminated

By: David Dayen Saturday December 3, 2011 7:52 am

Houston-based Cabot Oil & Gas Corp. ended delivery of bulk and bottled water to 11 families in Dimock on Wednesday. Cabot asserts Dimock’s water is safe to drink and won permission from state environmental regulators last month to stop paying for water for the residents.

A judge on Wednesday declined to issue an emergency order compelling Cabot to continue the deliveries. The judge, who sits on the state’s Environmental Hearing Board, set a Dec. 7 deadline for arguments on a second, related petition filed by lawyers for the families.

A $56 Million ‘Oops’: PA Revenue Department Updates Marcellus Shale Tax Estimates

By: ThirdandState Wednesday November 23, 2011 7:00 pm

Tim Puko at the Pittsburgh Tribune-Review uncovered a $56 million mistake in the Pennsylvania Department of Revenue’s reporting of personal income tax (PIT) collections attributed to Marcellus Shale drilling for last year.

Back in May, the Department estimated that taxable Marcellus Shale royalties generated $102.7 million in PIT collections in 2010. Now the Department says that figure is a tad lower — $46.2 million, a decrease of $56.5 million or over 55% from what was reported six months ago. To quote Britney Spears, “Oops!”

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