Keyword: drilling

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  • Is shale a mineral? (Marcellus Shale)

    09/22/2011 9:39:03 AM PDT · by Erik Latranyi · 24 replies
    Pittsburgh Tribune-Review ^ | 22 September 2011 | Timothy Puko
    For anyone who's played the game "Animal, Vegetable, Mineral," it might seem obvious that the Marcellus shale isn't alive and doesn't grow -- it's a rock layer in the ground, so it's a mineral. In the Pennsylvania courts, the answer is not so clear. A Susquehanna County Common Pleas court is headed for a hearing to determine whether the gas-rich Marcellus shale is a mineral, and therefore, included in mineral rights. The state Superior Court ruled this month that case law is unclear, leaving big questions over who legitimately controls drilling rights and the valuable natural gas in the mile-deep...
  • There Will Be Oil (advocates of 'peak oil' have wrongly been predicting a crisis in energy supplies)

    09/19/2011 2:25:22 PM PDT · by SeekAndFind · 46 replies
    Wall Street Journal ^ | 09/19/2011 | Daniel Yergin
    Since the beginning of the 21st century, a fear has come to pervade the prospects for oil, fueling anxieties about the stability of global energy supplies. It has been stoked by rising prices and growing demand, especially as the people of China and other emerging economies have taken to the road. This specter goes by the name of "peak oil." Its advocates argue that the world is fast approaching (or has already reached) a point of maximum oil output. They warn that "an unprecedented crisis is just over the horizon." The result, it is said, will be "chaos," to say...
  • Obama erases oil tax breaks in deficit plan

    09/19/2011 10:24:14 AM PDT · by jazusamo · 20 replies
    The Hill ^ | September 19, 2011 | Andrew Restuccia & Ben Geman
    President Obama is reviving his battle to kill oil-and-gas industry tax breaks and seeking billions of dollars in other energy-related revenues as part of his wider deficit-cutting and jobs proposals . The White House on Monday sent Congress a plan to pay for Obama’s $447 billion “American Jobs Act” and also cut the deficit by over $3 trillion in 10 years. Several of Obama’s energy tax proposals have sputtered in the past amid resistance from Republicans and oil-state Democrats. But they are part of a White House effort to sharpen the contrast between the president and Republicans over raising...
  • Report says we have more oil than we thought

    09/16/2011 1:38:46 PM PDT · by Obadiah · 23 replies
    Houston Chronicle ^ | 9/15/2011 | Tom Fowler
    A new report that predictably found huge potential natural gas supplies in the U.S. also contained news its own writers found surprising - that oil is more abundant than they thought. "Contrary to conventional wisdom the North American oil resource base also could provide substantial supply for decades ahead," the report said.
  • EU tells Ankara to back off

    09/09/2011 10:57:57 AM PDT · by LibWhacker · 17 replies
    Cyprus Mail ^ | 9/9/11 | Stefanos Evripidou
    THE EUROPEAN Commission yesterday issued its strongest rebuke yet to Turkey over its threatening behaviour towards Cyprus’ efforts to drill for hydrocarbon reserves within its own Exclusive Economic Zone (EEZ). Unfazed, Turkish Prime Minister Recep Tayyip Erdogan continued to raise the stakes in his row with Israel and Cyprus over hydrocarbon explorations in the eastern Mediterranean, vowing yesterday to stop them from exploiting natural resources in the area while also pledging to send warships to escort aid to Gaza. The EU, through Enlargement Commissioner Stefan Fule yesterday “urged Turkey to refrain from any kind of threat, sources of friction or...
  • Reps. West, Wasserman Schultz agree on Everglades drilling opposition

    09/01/2011 7:23:22 PM PDT · by hout8475 · 31 replies
    The Hill ^ | 08/31/2011 | Alicia M. Cohn
    Rep. Allen West's (R-Fla.) opposition to oil-and-gas drilling in the Everglades put him on the side of his fellow Florida Rep. Debbie Wasserman Schultz (D), with whom West has feuded publicly.
  • Libya, Khaddafy’s impact on the U.S. (the rookie Hussein's war for oil)

    08/31/2011 1:45:07 PM PDT · by Libloather · 1 replies
    WNDU ^ | 8/28/11 | Erin McGinn
    Libya, Khaddafy’s impact on the U.S.Reporter: Erin McGinn Posted: 10:44 AM Aug 28, 2011 Here in Michiana, we are more than 5,000 miles away from everything going on right now in Libya. So how does this affect us? Libya is the fourth largest country in Africa. Nearly two million people live in Tripoli alone, that is the area where Moammar Khaddafy has held the most power. The United States has a vested interest in the country’s oil production. In fact, Libya has the largest oil reserve in all of Africa. Experts agree that a resolution to this conflict would help...
  • Earthquake in Virginia

    08/23/2011 3:12:19 PM PDT · by Keli Kilohana · 31 replies
    8/23/2011 | self
    How long before hydro-fracture drilling for natural gas is blamed?
  • Pa. lawmaker suggests spread of STDs 'amongst womenfolk' a side effect of natural gas drilling

    08/17/2011 10:35:39 AM PDT · by rightwingintelligentsia · 32 replies · 1+ views
    AP via Penn Live ^ | August 17, 2011
    HARRISBURG, Pa. — A state lawmaker is explaining his remark that suggests the impact of Pennsylvania's booming natural gas industry includes the spread of sexually transmitted disease "amongst the womenfolk." Democratic Rep. Michael Sturla of Lancaster County was expected to discuss the remark at a previously scheduled hearing Wednesday on gas drilling.
  • Federal judge throws out Obama drilling rules

    08/13/2011 8:26:34 AM PDT · by clove · 17 replies
    Seattle Pi ^ | 06:02 p.m., Friday, August 12, 2011 | MEAD GRUVER
    CHEYENNE, Wyo. (AP) — A judge on Friday threw out Obama administration rules that sought to slow down expedited environmental review of oil and gas drilling on federal land. U.S. District Judge Nancy Freudenthal ruled in favor of a petroleum industry group, the Western Energy Alliance, in its lawsuit against the federal government, including Interior Secretary Ken Salazar. The ruling reinstates Bush-era expedited oil and gas drilling under provisions called categorical exclusions on federal lands nationwide, Freudenthal said. The government argued that oil and gas companies had no case because they didn't show how the new rules, implemented by the...
  • Drilling for National Security

    08/08/2011 6:15:38 AM PDT · by cap10mike · 20 replies
    BizPacReview.com ^ | August 8, 2011 | Michael Dorstewitz
    The next presidential election is 15 months away, and 2012 (like most elections) will come down to the mundane, everyday, bread-and-butter issue of economics. I submit that the biggest economic indicator is the price of gasoline. Back in 2006, Nancy Pelosi railed about high gasoline prices, asserting that they were the result of “Big Oil” running the government. Barack Obama picked up on this theme during his 2008 presidential bid, and said he "felt the pain" of those who had to pay exorbitant gas prices.
  • KMBC's Exclusive Interview With President Obama (gas prices 'to remain stable over the short term')

    07/21/2011 5:17:14 AM PDT · by Libloather · 14 replies
    KMBC ^ | 7/20/11
    KMBC's Exclusive Interview With President ObamaUPDATED: 5:02 pm CDT July 20, 2011 Watch The Entire Interview On KMBC.com **SNIP** Q: Lara Moritz: “One thing that also is something that is frustrating Kansans and Missourians is that almost overnight, gas prices jumped $.20 this week. They averaged $3.68. What do we do about that?” A: President Obama: “This has been a big headwind that we’ve experienced in the economy. Because gas prices not only take money directly out of people’s pockets. But psychologically every time you pass a filling station you say boy, things are getting tough out there. And that...
  • N.C. Senate overrides all 6 vetoes (corrupt RAT gov Perdue now LOVES offshore drilling)

    07/14/2011 10:06:17 AM PDT · by Libloather · 3 replies
    Charlotte Observer ^ | 7/14/11 | Craig Jarvis and Lynn Bonner
    N.C. Senate overrides all 6 vetoesAction against Perdue may be just a message. There's no guarantee the House will do the same. By Craig Jarvis and Lynn Bonner Staff Writers Posted: Thursday, Jul. 14, 2011 RALEIGH In quick order and with little debate, the state Senate overrode all six vetoes of its bills on Wednesday, sending Gov. Bev Perdue a clear - if not necessarily effective - message. Although the Republican-controlled Senate flexed its muscles, successful overrides aren't guaranteed in the House and so might amount to no more than an opportunity to make a political statement. After the votes,...
  • Government Seizes Control of Energy Reporting

    06/22/2011 6:33:52 AM PDT · by IbJensen · 6 replies
    Right Side News ^ | 6/22/2011 | Thomas D Segal
    The Day Freedom Dies - Harlingen, Texas, June 21, 2011: It was 38 years ago that a group of journalist acquaintances gathered in my Manila, Philippines hotel room to tell me about the arrest of another friend who had written with disfavor about the Marcos government. They were not even allowed to visit or correspond with him in any way. These writers also showed me how newspapers and television presented events in their country that was living under martial law. Nothing reflecting disfavor of the government could be printed or voiced. Now we fast forward to this morning’s newspaper in...
  • House Panel Passes Bill to Streamline Issuance of Air Permits for Oil Drill

    06/02/2011 8:32:28 PM PDT · by Rabin · 4 replies
    rigzone.com ^ | Thursday, June 02, 2011 | Tennille Tracy
    Unlike drilling projects in parts of the Gulf of Mexico, where the Interior Department is responsible for granting air permits, Arctic projects require approval from the EPA. The EPA's process for approving Clean Air Act permits for offshore drilling came into focus after Shell struggled to secure clean-air permits for drilling projects in the Beaufort and Chukchi seas spent about $3.5 billion to explore and prepare for those projects, but EPA, clean-air regulatory hurdles have prevented the company from obtaining necessary approvals… "It's time to either give the permits now or stop altogether," said Rep. Fred Upton (R., Mich.), chairman...
  • Palin: End All Energy Subsidies

    06/01/2011 5:55:00 PM PDT · by Kaslin · 39 replies
    IBD Editorials ^ | June 1, 2011 | Staff
    Energy Policy: The former governor of energy-rich Alaska calls the administration's bluff: End tax breaks for all forms of energy, she says, and let the free market pick winners and losers. End the ethanol pandering too. She isn't running, or riding, for president, at least not yet. But at a stop on her One Nation bus tour, Sarah Palin offered a winning idea for an economy strapped for energy and jobs and saddled with unsustainable debt. "I think all our energy subsidies need to be re-looked at today and eliminated," Palin told Scott Conroy of Real Clear Politics during a...
  • Chu Pimps Your Budget at the Pump

    06/01/2011 9:20:20 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | June 1, 2011 | Bob Beauprez
    Memorial Day normally kicks off the summer vacation and heavy driving season, but with gas prices at the pump more than twice as expensive as they were two years ago, American families are being forced to stay close to home and pull back on normal family expenses.   The cost to fill up the tank is consuming 40% more of the family budget than it did last summer.  According to AAA, 17 cents of every consumer dollar is spent at the pump, up from 12 cents one year ago.  That has consequences, of course.  "Dining, shopping, museums, and gambling are taking...
  • Video: The costs of Obama’s drilling moratorium – one year later

    05/27/2011 2:04:17 PM PDT · by Nachum · 5 replies
    The Blaze ^ | 5/27/11 | Meredith Jessup
    How much did the Obama administration’s knee-jerk moratorium on offshore drilling cost residents on the Gulf of Mexico last year? Although the moratorium was lifted after six months, the Heritage Foundation notes that nothing changed. It was only after tens of thousands of jobs were lost and gas prices soared that the Obama administration began approving a permit here and there. This lagging energy exploration has had serious impacts on the energy industry and, as a result, the entire U.S. economy:
  • The Shale Gas Boom: Energy Exploration in Carolina

    05/23/2011 11:08:18 AM PDT · by thackney · 4 replies
    The Fayetteville Observer via Rig Zone ^ | May 23, 2011 | Michael Futch
    For now, state geologists are finished with their research in central North Carolina. After studying 59,000 acres in the Deep River basin for 15 years, they have concluded that Lee, Chatham and Moore counties could produce enough natural gas from shale to make North Carolina self-sufficient for 40 years at current levels of consumption. "That's what we think," said Kenneth Taylor, chief of the N.C. Geological Survey. "We could become a net exporter." The geologists recently sent their findings to the U.S. Geological Survey in Denver, which is being asked to assess the full potential of the Sanford sub-basin, a...
  • With narrow majority, Senate Democrats adopt minimalist agenda (Dingy & RATS block new drilling)

    05/21/2011 3:23:18 PM PDT · by Libloather · 1 replies
    Washington Post ^ | 5/20/11 | David A. Fahrenthold and Paul Kane
    With narrow majority, Senate Democrats adopt minimalist agendaBy David A. Fahrenthold and Paul Kane, Published: May 20 Just one year ago, the Democrats who controlled the Senate had won their latest landmark victory: passage of a bill to remake financial regulation. Today, Democrats still run the Senate, but their agenda looks a good bit different. This week, the highlight was a vote to end tax breaks for oil companies. As expected, they lost. Senate Democrats are in a historically difficult spot. House Republicans have the energy. President Obama has the spotlight. And thus they have become the third wheel of...