1. Loren Steffy bemoans the fact that "energy" is not an issue in the current Presidential campaign...
The topic wasn't on the agenda, and it wasn't discussed on any of the panels. But in the convention center hallways and around the luncheon tables, everyone was asking the same thing: Why aren't they here?
"They" are the presidential candidates, only one of whom deigned to attend the "presidential summit" Thursday that was devoted to energy issues.
Hillary Rodham Clinton spoke Thursday after my deadline. Other than that, it was a presidential summit glaringly unencumbered by presidential candidates.
Their absence is a warning to the American people. Energy, in the presidential race, is a nonissue.
That could have dire economic consequences by the time the next president takes office in January.
To say that I agree with Steffy here is an understatement. The fact is, for the short term, we've got to open up drilling access to our domestic resveres while making sure that, long term, we keep doing whatever we can to develop renewables.
2. Clinton addresses energy conference...
(from David Ivanovich and Lindsay Wise of the Chron)
Democrat Hillary Rodham Clinton on Thursday challenged the oil industry to lead the way to develop cleaner sources of energy to help tackle the nation's growing energy security problem.
"It is time for the oil companies to become energy companies," Clinton said.
Appearing before a crowd of more than 800 at the George R. Brown Convention Center just days ahead of Tuesday's Texas primary, Clinton likened the need to deal with the nation's energy security woes to the beginnings of the space race.
"We will get back to what we did so successfully after Sputnik went up," Clinton said.
Clinton was alone among the presidential hopefuls to join what was largely an energy industry crowd at the Greater Houston Partnership's America's Energy Future: Houston's Presidential Summit.
And despite that audience, she reiterated her pledge to end tax subsidies for the oil companies and to redirect that money to create new energy sources.
"I do not believe that now is the time when subsidies for the oil companies are necessary and appropriate," Clinton said. Instead, "it is now time to subsidize new forms of energy."
My question is this: Will "big oil" companies, many of whom are already doing great work in renewables, be eligible for the same subsidies that other, start-up, renewable energy companies are getting or are they just being asked to do "more with less"? Never mind the idiocy of asking companies to spend more money refining oil while you are telling them you're going to make it less profitable to do so.
3. Texas retail gas prices rising....
The average retail gasoline price in Texas is two cents shy of setting a record.
The current Texas average is $3.07 a gallon, and the all-time statewide record high is $3.09 a gallon, according to the weekly Triple-A Texas gas price survey released today.
Seven of the eleven Texas regions surveyed set new record highs for gas prices this week.
This just in: Water is wet. We now return you to your reguarly scheduled program.
4. Oil tops $103 per barrel...
Oil prices briefly surpassed $103 a barrel for the first time today as persistent weakness in the U.S. dollar and the prospect of lower interest rates attracted fresh money to the oil market.
Light, sweet crude for April delivery on the New York Mercantile Exchange jumped to a new trading record of $103.05 a barrel in electronic trading before slipping back to $102.07 a barrel, down 52 cents, by midday in Europe.
On Thursday, the contract jumped $2.95 to a record settlement price of $102.59 a barrel.
Prices were supported by comments Thursday from Federal Reserve Chairman Ben Bernanke, who said the American economy is not immediately threatened with stagflation, a combination of economic weakness and rising inflation.
WE'RE ALL GOING TO DIE!!!!!!!!!!!!
Ok, not really. Question: If the weakening dollar is the standard for oil prices then how are "certain Billionaires cashing in" if their relative wealth is sinking like Ben Affleck's box office appeal?
So much for that piece of political tripe.
5. Coal or natural gas, Natural gas or coal?
(from Kristen Hays of the Chron)
One's a natural gas producer. The other is pushing a way to clean up coal and turn it into gasoline and other fuels. Both fervently say their fuel is better as oil becomes tougher to reach.
Such was the spirited back-and-forth between Chesapeake Energy CEO Aubrey McClendon and DKRW Energy founding partner Robert Kelly during a panel discussion Thursday on the future of energy supply.
The two were among participants at the Greater Houston Partnership's daylong event called America's Energy Future: Houston's Presidential Summit.
The panel was one of several at the George R. Brown Convention Center preceding a speech by Democratic presidential hopeful Hillary Rodham Clinton, the only presidential candidate to appear at the function.
McClendon said coal-to-liquids technology is expensive, difficult and unnecessary, and "that's why no one is doing it. No one is coalifying gas — they're gasifying coal. I don't understand the need to go through this dirty process to make it clean."
Here's an idea: Both. Provided some of the new "clean coal" technologies are more than smoke and mirrors (I believe that they are based on the information I've seen).
Sure, the Sierra Club and other enviro-nuts won't like it but, honestly, who gives a flip? The evniro-jobs are (for the most part) the Mensa members who put us on the Ethanol road. Coal may be bad, but Ethanol is complete and utter energy crap.
6. Press Group names Jeff Cohen "Editor of the Year"...
Houston Chronicle Editor Jeff Cohen accepted the National Press Foundation's Benjamin C. Bradlee Editor of the Year Award on Thursday, telling a group of fellow journalists that burgeoning competition from diverse Internet information sources is an opportunity for traditional newspapers to excel.
"The Web is a challenge, but it's not the enemy," Cohen told more than 1,200 people gathered at the Hilton Washington Hotel.
"As competitors increase, so does the importance of what we do best: hard-nosed, accurate and compelling reporting, superb research, full accountability for fairness and balance, and, on our best days, shedding light on things some would like to keep in the dark," he said.
Unless the things that keep us in the dark are City administrations whose ideas we agree with or quasi-governmental regional transportation agencies whose plans we accept uncritically, not those things. I'll just leave the superb research thing alone. There's not enough room in this blog post.
Oh, and how does this last item pertain to energy?
Geothermal. Hot Air.














