February 8, 2012

President addresses new energies, jobs in Charlotte (Audio)

President Barack Obama was in Charlotte Friday afternoon to primarily talk about new energy initiatives. He told a crowd of North and South Carolinians gathered at a manufacturing  company that the region will be key to energy independence.  He discussed offshore drilling as well as renewable and clean energy technologies.

Senator Lindsey Graham agrees, saying South Carolina can be at the center of  a new energy economy. He told that to business leaders this week who met at the Statehouse.

South Carolina could be a leader in the world when it comes to energy independence. I want to drill offshore for oil and gas. There’s a  lot of oil and gas off our coast, I want to drill offshore and share the revenue with South Carolina. Every barrel of oil we find here at home is one less to buy from overseas. We use more foreign oil today that we did before 9-11. [Read more...]

10 illegals plead guilty to defrauding IRS

Ten illegal aliens pleaded guilty Thursday for their roles in a scheme to defraud millions of dollars from the IRS. 

They pled guilty in federal court Thursday for their involvement in a four-year $13 million fraud scheme against the IRS.  Each defendant pled guilty to conspiracy to commit mail fraud and to entering the country without authorization. They face sentences ranging from five to 20 years and subsequent deportation. Nine are from Mexico and one is from Costa Rica.

From 2006 to 2009 two tax preparation businesses, one operating offices in Spartanburg and Forest City, North Carolina and the other in Boiling Springs, filed more that 10,000 federal income tax returns claiming more than $22 million in refunds.  Thirteen-million dollars of the refunds were paid by the IRS before investigators discovered that most of the returns were fraudulent.

Agents estimate that at least 20 people were involved in the operation in which tax preparers knowingly claimed tax credits or deductions to which filers were not entitled. Two other individuals involved in the case pled guilty to obstruction of justice in federal court in Spartanburg on February 10.  The investigation continues.

USC geology professor: SC offshore oil exploration plausible

A number of environmentalists are worried that “Pandora’s Box” has been opened by President Obama’s proposal for offshore drilling off the Atlantic Coast.  But others point out data from the Minerals Management Service of the U.S. Department of the Interior which indicates its unlikely to find oil and natural gas off the South Carolina Coast. However, University of South Carolina Geology Professor Jim Knapp says the Interior Department data is dated and miles off the South Carolina coast would be as good a place as any to explore for oil and gas.

“Those estimates are based on data now that are literally decades out of date so the reliability of the data can be questioned. The industry has much more effective means of evaluating those potential reserves based on new data acquisition techniques and new analysis techniques and those certainly have not been applied to the Atlantic continental shelf.”

From the late 1940′s to the 1980′s oil companies drilled five wells in Atlantic Florida state waters and 51 exploratory wells on federal leases on the outer continental shelf of the Atlantic coast. None of the wells were completed as producing wells.

Knapp says oil exploration is not a task that happens overnight. It can be long, arduous and expensive. Knapp says a technique called seismic reflection imaging is used in which an acoustic signal is sent down in the ground and data is recorded as the energy bounces back from each area of the subsurface. Knapp says even this preliminary step is usually a very costly enterprise, and that has to occurs long before a drill bit breaks the surface.

“Depending on what the water depths are, the cost of actually drilling an exploration well can be substantial. They can range from tens of millions of dollars to in some cases approaching hundreds of millions of dollars depending on the water depth. It is not a trivial expense to go out and explore for oil and gas even in this day and age.”

Knapp says because of the expense involved, petroleum companies will be very deliberate in their study before any exploration or offshore drilling is done in any previously unexplored regions, including those off the coast of South Carolina.

Knapp says contrary to what many believe, if by chance oil and/or natural gas is found off the coast of South Carolina, that doesn’t mean that the Palmetto State would cease being a great place for vacationers.  He says oil exploration offshore and tourism can peacefully coexist.

“The impact on the tourist industry, certainly that’s going to continue to be a major economic force for the state for years to come, but I think there is every reason to believe that exploration activities and even production activities could go forward if planned appropriately that would have minimal or no effect on the impact of the tourist industry here in South Carolina.”

Knapp says those who are not clear about oil exploration offshore always conjure up the fear of oil spills.  He says those fears are mostly unwarranted.

“The vast majority of oil that ends up in the sea is actually getting there from natural leakage from the sea bed. The second greatest contributor to oil in the sea is actually runoff from the land surface where it’s picked up by rainwater and dumped into the sea. Only a small percentage of the oil that ends up in the sea comes from oil exploration and production.”

Although no oil or gas has been produced from beneath U.S. Atlantic waters, there are active offshore fields to the south off the coast of Cuba, and to the north off the Canadian coast.

President takes questions from South Carolinians (Audio)

In a town-hall style meeting with workers at Celgard in Charlotte, President Barack Obama took questions, many of those were asked by South Carolinians. 

A Celgard worker from Lake Wylie asked about the tax burden that may come with the new health care law:

(Listen to dialogue with president MP3 2:35)
Listen to president’s answer MP3

President Obama was accompanied by Congressman John Spratt, who represents the nearby South Carolina Fifth District.

Beware of bogus census workers

The 2010 U.S. census-takers will soon make house calls, and so might frauds and scammers, the government warns. In some rural areas and resorts with seasonal housing such as the mountains and the beaches, census takers are already going door-to-door. For most areas, the census taking begins in May and runs through July.

So how can you be sure the information you’re giving out is going to a true census taker? [Read more...]