Frank Heller

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STATOIL's deep water drilling for oil & gas

Progressives are well trained hypocrites or blind to the role Statoil plays in oil & gas exploration and drilling..."Statoil says it has given Noble Corp. the contract to drill the Mariner oil field in a deal estimated at $655 million over four years.

The Norwegian energy company says a new type of rig will enable it to operate at depths of 70 to 150 meters (230-500 feet) and drill wells down to 10,000 meters (32,000 feet)."

or this:.."BP, Shell and Statoil are under investigation by the European Commission over suspected collusion to distort the oil price"

Giving them leases in the Gulf of Maine which could be converted into oil/gas exploration sites would be a major mistake?

Better yet is this fact: "Statoil (STO) says it is leasing more than 1,000 railroad cars to carry crude oil from fields in North Dakota to refiners across North America, another sign of how the U.S. pipeline network is having a hard time keeping up with the region's oil boom. The rail effort will help STO get a better price for its Bakken and Three Forks oil, which trades at $5-$20 discounts due to limited transport capacity."

STATOIL is one of the KOCH brothers better customers.

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The role of Land Grant Universities in creating new Industries

I graduated from Penn State, which like UMO, was a land grant university set up under the Morrill Act, which stated:

"without excluding other scientific and classical studies and including military tactic, to teach such branches of learning as are related to agriculture and the mechanic arts, in such manner as the legislatures of the States may respectively prescribe, in order to promote the liberal and practical education of the industrial classes in the several pursuits and professions in life."

PSU has long nourished high tech industry, HR SINGER, etc, and 'spun' them off. It's engineering college is world reknown while the University of Maine seems to have lost its mission and become more of a liberal arts college.

Governor LePage appears to have given them a nudge in the right direction; while the opposition Democrats are endorsing a large foreign energy conglomerate with vested interests in oil and gas exploration and blessing it with subsidies.

Even worse is a PUC which is heading us away from reliable green electricity at 6 cents/KW from Canadian and domestic hydro sources, and into unreliable power sources at the highest rate in the world----off shore power in Europe was heavily subsidized and is now laboring under gradual reductions in these subsidies.

Why should Mainers be forced to subsidize off shore wind when the end result are ever higher electric production and transmission costs? The PUC could well be violating their mission and legally vulnerable.

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STATOIL Should be paying us,not the other way around

Statoil's 2012 net profit slid 12.5 percent to $12.5 billion,......only $12.5 billion; so lets have Maine taxpayers help them out; right? Which Democrat lobbied for this 'deal' and how much did Statoil's lobbyist pay them or their special friends for the privilege?