CARPE DIEM: U.S. Is Inundated With Natural Gas, Record Output in 2010, Residential Prices Fall to 7 Year Low

According to data just released by the EIA, natural gas production in the U.S. reached an annual record high of 26.85 trillion cubic feet in 2010. That output was an increase of 3.22% above the previous record high last year, which pushed U.S. production in 2009 above Russia's, and made the U.S. the #1 producer of natural gas in the world.

On a monthly basis, natural gas production in December surged to 2.386 trillion cubic feet, which was almost 9% above the year-ago level, and set a new all-time record for the most gas ever produced in a single month

INHOFE JOINS UPTON, INTRODUCES ENERGY TAX PREVENTION ACT

Bill Has 42 Senate Cosponsors; Democrats Support in the House

Obama's green subsidies attract do-gooder bandits | Timothy P. Carney | Politics | Washington Examiner

President Obama's green energy push is rapidly proving to be a crooked racket. It works like this: Revolving-door political hires rev up subsidy programs that enrich their former employers. Then they cash out themselves, pocketing taxpayer loot while turning out energy products that range from inefficient technologies to total failures. Faster than the turbine on a subsidized wind mill, the "clean-tech" revolving door spins out green bandits who get rich off the subsidies they helped craft.

Cathy Zoi, an Al Gore acolyte, has left her job as assistant secretary for energy efficiency and renewable energy to go to work for a new fund that invests in green energy. It was started by Democratic donor George Soros.