In 2005, the USS America aircraft carrier was towed out to sea on her final voyage. Hundreds of miles (kilometers) off the Atlantic coast, U.S. Navy personnel blasted the 40-year-old warship with missiles and bombs until it sank.
The massive Kitty-Hawk class carrier — more than three football fields long — came to rest in the briny depths about 300 nautical miles (550 kilometers) southeast of Norfolk, Virginia.
Target practice is now how the Navy gets rid of most of its old ships, an Associated Press review of Navy records for the past dozen years has found. And they wind up at the bottom of the ocean, bringing with them amounts of toxic waste that are only estimated.
If there’s one accomplishment President Obama can take credit for during his first term in office, it’s expanding the size and reach of the federal government. While this may be good for government bureaucrats, the policies and regulations imposed by the Obama Administration are hurting American businesses and impeding economic recovery. Instead of focusing on creating new jobs, the administration has instead allowed the federal government to insert itself in places it’s never been and doesn’t belong.
One prime example of this, which has largely flown under the radar, is the President’s new plan to zone and regulate our oceans. Done unilaterally through Executive Order, the President’s National Ocean Policy will change how all federal agencies regulate activities impacting the ocean and Great Lake ecosystems. Without clear statutory authority, it sets up a new level of top-down federal bureaucracy with authority over the way inland, ocean and coastal activities are managed.
This has the potential to inflict damage across a spectrum of sectors including agriculture, fishing, construction, manufacturing, mining, oil and natural gas, renewable energy, and marine commerce, among others. These industries currently support tens of millions of jobs and contribute trillions of dollars to the U.S. economy.
The Environmental Protection Agency has announced that the deadline for compliance with the 2013 Renewable Fuel Standard – which mandated the blending of 16.55 billion gallons of biofuels into U.S. transportation fuels – will now be 30 days after the long-delayed publication of the final rule on the 2014 standard, Platts reports.
In Pittsburgh, street action appeared to outweigh the testimony inside the Environmental Protection Agency hearing on its rule limiting carbon emissions from existing power plants, as thousands of coal miners rallied against the measure, faced off by a smaller number of climate activists, E&E reports.
The Department of Energy has granted Oregon LNG a 20-year conditional permit to export natural gas to countries that don’t have free trade agreements with the U.S., now it’s up to the Federal Energy Regulatory Commission to approve plans for construction of facilities, FuelFix reports.
A project in Freeport, Texas to export liquefied natural gas – which already has a permit from the Department of Energy – has now won approval from the Federal Energy Regulatory Commission to start construction, The Hill reports.
Word that a refinery in Coffeyville, Kansas might be shut for up to four weeks following a fire Tuesday has sent crude prices plummeting. Benchmark West Texas Intermediate dropped $2.10 to settle at $98.17 a barrel on the New York Mercantile Exchange Thursday, while in London Brent crude fell 49 cents to $106.02, Reuters reports.
Tax incentives for drilling and capital expenditures mean drillers active in the shale boom are deferring paying billions in income taxes, according to the group Taxpayers for Common Sense, The Wall Street Journal reports.
Hundreds rallied in Boston Wednesday to express their opposition to a Kinder Morgan natural gas pipeline proposed to run through northwest Massachusetts, urging Gov. Deval Patrick to pull his support from it, The Associated Press reports.
Increasing taxes on certain forms of energy -– gasoline, in particular -– would encourage people to use cleaner fuel more efficiently, offering health benefits and a leg up in the fight against climate change, according to the International Monetary Fund and its president Christine Lagarde, National Journal reports.
Apache Corp., whose second quarter profit of $505 million was half the amount it earned a year earlier, said Thursday it might look to sell off its international assets to concentrate on drilling in U.S. shale, and that it was already trying to find a buyer for its stake in a Canadian natural gas project, and alternative financing for one in Australia, The Wall Street Journal reports.