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To: Glenn Petersen who wrote (168949)	5/24/2012 12:54:45 PM
From: Dennis Roth	2 Recommendations of 178570

My objection was to his use of the word ‘transformative.’ In the non-political sense of the word, blocking drilling in the Arctic would not be ‘transformative’ but simply maintaining the 'status quo' , more of the same old sh*t. Drilling in the Arctic Ocean truly would be ‘transformative’ for the region. economically, culturally. and possible environmentally. As to Obama's motivations, I do not chose to speculate. It is somewhat amusing to see some come belatedly to the realization that he is just another mortal politician, with feet of clay, and not the second coming of the Messiah, as he was billed in his first campaign. What did people expect?

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From: CommanderCricket	5/24/2012 1:12:10 PM
	1 Recommendation of 178570

Cool pic! Triceratops roars for InterOil, Rubiales Roaring: strong well results at Triceratops in Papua New Guinea Luke Johnson 23 May 2012 20:18 GMT Canadian player Pacific Rubiales reported solid results from a well onshore Papua New Guinea that it recently farmed in to alongside compatriot operator InterOil. A drill stem test across a 228-metre open-hole section in the upper reservoir zone of the Triceratops-2 appraisal well on PPL-237 tested 17.6 million cubic feet per day of gas with a measured condensate liquids content of between 13.6 and 16.3 barrels per MMcf. The well was drilled to a total depth of 2236 metres in the Lower Limestone, Rubiales said in a statement on Tuesday. Preliminary data from the test indicated that the upper reservoir zone in Triceratops-2 is pressure connected to InterOil’s Bwata-1 well, which tested gas flows up to 28 MMcfpd. "This is a very exciting result and confirms our belief that the Triceratops structure and PPL-237, along with earlier discoveries by InterOil in the adjacent Elk/Antelope structure, indeed represents a world-class gas and condensate trend,” Rubiales chief executive Ronald Pantin said in a statement. The company bought a 10% participating interest in the well from InterOil at the end of last month for $345 million. Rubiales said InterOil has indicated that it will proceed with casing the well and will perforate and test zones of interest such as the lower reservoir zone. “Testing through casing is expected to yield more definitive results than those possible on limited (drill stem tests),” Rubiales said in a statement. upstreamonline.com

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To: Glenn Petersen who wrote (168936)	5/24/2012 1:20:07 PM
From: mistermj	3 Recommendations of 178570

EPA: The Science Fiction Agency EPA: The Science Fiction Agency By Mario Loyola May 23, 2012 3:23 P.M. Comments 2 The Texas Public Policy Foundation has just released a comprehensive analysis of the “science” that EPA uses to assign potential health benefits to much of its “ regulatory train-wreck” of new rules. EPA focuses on the benefits of reducing exposure to “fine particulate matter” (such as the smallest dust or ash particles). Written by Kathleen Hartnett White, former chairman of the Texas Commission on Environmental Quality, the study is a devastating look at how EPA uses assumptions and statistical manipulation to invent health benefits out of thin air. The EPA science is riddled with unwarranted assumptions. As Kathleen writes, no specific medical conditions or causes of death are attributed to its studies of the hazards of fine-particulate matter. For instance: “The EPA’s typical approach is to assume any non-accidental death from cardiopulmonary conditions is caused by air quality.” EPA applies an absolute form of the precautionary principle to its assumptions, treating small probabilities as virtual certainties. One scientist has described its approach this way: “Assuming I am right, it is extremely unlikely that any reasonable combination of alternative assumptions would show that I am wrong.” EPA makes heavy use of first-order statistical correlations without any inquiry into causal links. As a result, it often reaches conclusions in the following form: because people swim more in the summer and have more heart attacks in the summer, swimming should be assumed to cause heart attacks. Sounds crazy? Well, it gets worse: Assistant EPA administrator Gina McCarthy recently told Congress that “there is no threshold level of fine-particulate matter below which health-risk reductions are not achieved by reduced exposure.” In other words, the less exposure you have to fresh air, the better. Therefore, EPA can regulate you to reduce your exposure to fresh air. How’s that for science fiction? Kathleen’s paper is a must-read. — Mario Loyola is director of the Center for Tenth Amendment Studies at the Texas Public Policy Foundation.

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From: CommanderCricket	5/24/2012 1:50:22 PM
	1 Recommendation of 178570

SandRidge Energy Most Likely M&A Target Among E&Ps: Susquehanna By Joanna Ossinger May 24 (Bloomberg) -- SandRidge Energy most likely M&A target, stands out as cheapest oil E&P, Susquehanna analyst Duane Grubert writes in note. * Says large independents such as DVN, OXY “must be looking at cheap oil acquisition scenarios” * Notes asset deals more likely than corporate deals * SD down 21% YTD vs EPX index down 10% * UBS Global Energy & Gas 3-day conf. concludes today; E&Ps presenting include FST, KWK, MRO, OAS, SFY, SWN * NOTE: SunTrust said April 24 E&P M&A likely to increase; most likely targets include CXO, KOG, RRC, SD; * NOTE: Pritchard Capital said Feb. 13 sees E&P M&A led by foreign buyers; targets include COG, RRC, SWN;

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