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Keyword: energy

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  • Obama: I'm going to Alaska for three days (More AGW BS)

    08/29/2015 9:10:28 AM PDT · by PROCON · 56 replies
    Investors.com ^ | Aug. 29, 2015 | ANDREW MALCOLM
    President Obama's weekly remarks Hi, everybody. This Monday, I’m heading to Alaska for a three-day tour of the state. I’ve been looking forward to this for a long time. Not only because Alaska is one of the most beautiful places in a country that’s full of beautiful places — but because I’ll have several opportunities to meet with everyday Alaskans about what’s going on in their lives. I’ll travel throughout the state, meeting with Alaskans who live above the Arctic Circle, with Alaska natives, and with folks who earn their livelihoods through fishing and tourism. And I expect to learn...
  • Obama defends Shell Arctic drilling decision

    08/29/2015 8:52:44 AM PDT · by Libloather · 17 replies
    AFP via MSN ^ | 8/29/15 | Jérôme Cartillier
    **SNIP** The Obama administration's green light for the Anglo-Dutch oil giant angered environmental groups which have decried the "hypocrisy" of the president, who in recent months has stressed the need for aggressive actions against climate change. **SNIP** "I know there are Americans who are concerned about oil companies drilling in environmentally sensitive waters," Obama said in his weekly address, noting that the drilling leases had been purchased before he took office. "I share people's concerns about offshore drilling," he added. "I remember the BP spill in the Gulf of Mexico all too well. That's precisely why my administration has worked...
  • Will Iran Get a Better Deal Than U.S. Oil?

    08/29/2015 7:02:58 AM PDT · by thackney · 11 replies
    The Daily Beast ^ | 08.28.15 | Will Marshall
    If the Iran deal goes through, the country’s oil exports will resume. Meanwhile, U.S. producers will still be banned from doing so. As Congress takes up the Iran nuclear deal next month, it ought to confront this paradox: The agreement allows the Iranians to do something Americans can’t—sell oil to the rest of the world. Don’t get me wrong. I support the deal, under which Tehran would stop enriching weapons-grade uranium for the next 15 years in return for relief from economic sanctions. It’s not perfect, but President Obama is right that it’s better than what we’d have if his...
  • Shell share price: Company declares force majeure on Nigeria exports

    08/29/2015 7:00:39 AM PDT · by thackney · 6 replies
    Invezz ^ | 28 Aug 2015 | Veselin Valchev
    Royal Dutch Shell Plc (LON:RDSA) declared a force majeure on Nigerian Bonny Light oil exports yesterday, as it shut down two key pipelines to the coast. Shell did not give further details and did not provide a timeline for reopening the pipelines, but traders argued that the unexpected developments were unlikely to last long, Reuters reported. Nigeria’s oil industry is in dire need of greater investment in maintenance whilst also having to deal with numerous instances of oil theft. Shell sold its stake in the Nembe Creek pipeline earlier this year, alongside several other interests in the country, as part...
  • Why $40 oil is killing Iraq, Venezuela and others, but not Russia

    08/29/2015 6:57:57 AM PDT · by thackney · 6 replies
    Reuters ^ | August 28, 2015 | John Lloyd
    It’s not the economy, stupid. At least it isn’t where hearts are warmed by the fiercer flame of nationalism, rather than rising living standards. Oil prices as low as $40 a barrel are separating the oil haves from the oil have-nots. The oil producers happily rode a wave of high oil prices for years, buying popularity with increased state spending while excusing themselves from the hard pounding of legitimate economic reform. The oil-buyers — like India and Egypt — now enjoy prices as low as a third of those they paid as recently as two years ago and can cut...
  • Graham: ISIS Loves Trump Seize Oil Idea

    08/28/2015 10:06:29 PM PDT · by 2ndDivisionVet · 72 replies
    Breitbart Television ^ | August 28, 2015 | Pam Key
    Friday on Newsmax TV’s “The Steve Malzberg Show,” Republican presidential candidate Sen. Sen. Lindsey Graham (R-SC) said ISIS loves his rival, Republican presidential front-runner Donald Trump’s idea of “seize oil for the benefit of America” because it would be a huge “recruiting opportunity.” Graham said, “Well number one, Donald Trump’s plan to destroy ISIS is the most ill-conceived, insanely dangerous idea I have ever heard. Worse than Obama. I never thought I would hear myself say that there is a Republican running for office that’s got a worse idea when it comes to radical Islam than Obama. So here is...
  • Donald Trump keeps hammering “low-energy” Jeb Bush

    08/28/2015 8:12:24 AM PDT · by jimbo123 · 9 replies
    SPB ^ | 8/28/15 | James Rosica
    Donald Trump, the frontrunner in the Republican presidential candidate field, went on the passive-aggressive Friday morning, calling fellow candidate and former Florida Gov. Jeb Bush both “a nice person” and “a low-energy person.” Trump, during an appearance on MSNBC’s “Morning Joe” program, also opposed what he called “further gun restrictions” following this week’s murders of two broadcast news journalists in Virginia. “The fact is, it’s not the (gun) laws,” Trump said. “You have a tremendous problem with crime. You have a tremendous problem with mental health. And in this case it was pure mental health.” Trump, the real estate mogul...
  • Judge blocks Obama EPA rule as federal power grab over state waters

    08/27/2015 2:44:50 PM PDT · by jazusamo · 32 replies
    The Washington Times ^ | August 27, 2015 | James MacPherson - Associated Press
    BISMARCK, N.D. — A federal judge in North Dakota on Thursday blocked a new Obama administration rule that would give the federal government jurisdiction over some state waterways. U.S. District Judge Ralph Erickson of North Dakota issued a temporary injunction against a the rule, which gives the U.S. Environmental Protection Agency and Army Corps of Engineers authority to protect some streams, tributaries and wetlands under the Clean Water Act. The rule was scheduled to take effect Friday. “The risk of irreparable harm to the states is both imminent and likely,” Judge Erickson said in blocking the rule from taking effect....
  • Hawaii Gov. Ige reveals opposition to utility LNG import plans

    08/28/2015 5:38:05 AM PDT · by thackney · 8 replies
    Utilitiy Dive ^ | August 26, 2015 | Robert Walton
    Dive Brief: With a 100% renewable goal now on the table and oil prices falling, Hawaii Gov. David Ige (D) has revealed he opposes plans to import liquefied natural gas as a bridge fuel to cleaner and less expensive power. At a business and policy conference this week in Honolulu, Ige, a keynote speaker, said the state does not need LNG and should be moving forward on its renewable goals instead. Both Hawaiian Electric (HECO) and Hawaii Gas have floated plans to construct import terminals, with gas deliveries beginning to reach the state in 2019. HECO has pledged to push...
  • Sanctions Bite Massive Gas Project in Russian Arctic

    08/28/2015 5:03:22 AM PDT · by thackney · 6 replies
    Wall Street Journal ^ | Aug. 27, 2015 | JAMES MARSON and SELINA WILLIAMS
    A $27 billion energy project is rising rapidly on this icy peninsula jutting above the Arctic Circle, but the race to shore up its finances has emerged as a test of Moscow’s ability to weather Western sanctions. U.S. restrictions on OAO Novatek, the project’s Russian leader, are squeezing the massive Yamal LNG liquefied-natural-gas venture, a centerpiece of President Vladimir Putin’s plan for Russia to reduce its heavy dependence on natural-gas customers in Europe by increasing exports to Asia and, in turn, cementing Russian ties with China. Barred by the sanctions from raising long-term dollar loans, Novatek and its foreign partners,...
  • Chinese Oil Companies Brace for Turbulent Second Half

    08/28/2015 4:54:12 AM PDT · by thackney · 4 replies
    Wall Street Journal ^ | Aug. 26, 2015 | BRIAN SPEGELE
    Chinese oil companies say they are bracing for a turbulent second half and no relent of the low oil prices that have sent their earnings plunging. Amid weak global economic growth that is constraining demand for everything from oil to natural gas and iron ore, first-half results on Wednesday underscored the magnitude of a spending pullback by China’s oil majors. In releasing interim results, Chinese oil companies Cnooc Ltd. and Sinopec Corp. said they had little expectation for a sharp rebound in oil and natural gas prices. “There is little optimism in the world’s macro-economic environment,” Cnooc Chairman Yang Hua...
  • Solyndra Misrepresented Facts to Get Loan Guarantee, Report Says

    08/28/2015 4:43:22 AM PDT · by thackney · 26 replies
    Wall Street Journal ^ | Aug. 26, 2015 | Associated Press
    A four-year investigation has concluded that officials of the solar company Solyndra misrepresented facts and omitted key information in their efforts to get a $535 million loan guarantee from the U.S. government. Solyndra was the first company to get federal loan guarantees under a program that was created in 2005 and expanded by President Barack Obama’s 2009 economic stimulus package. The company’s failure soon after receiving the loan guarantee likely will cost taxpayers more than $500 million. Republicans and other critics cite it as an example of wasteful spending under the stimulus program. The report by the Energy Department’s inspector...
  • OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

    08/27/2015 4:24:05 PM PDT · by bananaman22 · 12 replies
    Oilprice.com ^ | 27-08-2015 | Endree
    Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. Saudi Aramco Chairman Khalid Al-Falih indicated in March that Saudi Aramco would not cut investment. James Crandell, a Cowen & Co. oil analyst cited in this article, who has tracked oil companies’ budgets for many years, estimates that Aramco and its Kuwaiti and UAE counterparts will increase their investment in oil exploration and production in 2015 by 4.5 percent to $38.1 billion. (If proportional to output, the Saudi share would be $24.5 billion). On it’s website, the Saudi Arabian General Investment Authority (SAGIA) identifies Saudi Arabia...
  • U.S. Oil Prices Post Biggest Rise on Percentage Basis Since 2009

    08/27/2015 12:54:40 PM PDT · by abb · 17 replies
    The Wall Street Journal ^ | August 27, 2015 | Christian Berthelsen
    U.S. oil prices soared 10% on Thursday, as a rally in Chinese and U.S. stocks and better-than-expected U.S. economic data prompted a rush by traders to bail out of bearish bets that the market would fall. Traders and analysts at hedge funds, banks and brokerages said supply-and-demand conditions in the oil market remained weak and there appeared to be little fundamental justification for such a strong rally, or expectations of more price gains in the near future. Rather, they said, it appeared to be set off as investors with so-called short positions that profit from falling prices closed those bets...
  • Commentary: 10 challenges faced by the global LNG market

    08/27/2015 12:59:43 PM PDT · by thackney · 1 replies
    Fuel Fix ^ | August 27, 2015 | Matt Smith
    We recently looked at the restart of the first Japanese nuclear reactor in four years, and assessed its impact on Japanese oil demand. It was somewhat burying the lede, however, not to address the impact on LNG demand. So with Japan’s developments still fresh in our minds, here are ten challenges faced by the global LNG market: 1) Asia is the key market for LNG. Japan accounts for approximately 35% of the global LNG market. Combined with South Korea, it accounts for ~50% of it, while Asia as a whole accounts for 75%. The gradual return of nuclear reactors in...
  • McDermott CEO sees Saudi contract as step in turnaround

    08/27/2015 12:50:13 PM PDT · by thackney
    Fuel Fix ^ | August 27, 2015 | Robert Grattan
    Offshore engineering company McDermott International’s stock shot up by more than 30 percent Wednesday after the company said it had landed a $1.5 billion-plus contract with Saudi Aramco. McDermott CEO David Dickson called the contract an important step in a turnaround for the Houston-based company, which as recently as 2013 had been struggling to build offshore platforms and support structures profitably. Investors sent the company’s shares up $1.03 to $4.49 in midday trading Thursday. “We had a tough time through the end of 2013; 2014 was a real turnaround,” Dickson said in an interview with FuelFix. He joined McDermott in...
  • Recently announced crude oil swaps with Mexico likely to provide economic and environmental benefits

    08/27/2015 10:29:10 AM PDT · by thackney · 20 replies
    Energy Information Administration ^ | August 26, 2015 | Energy Information Administration
    Recently announced crude oil swaps with Mexico likely to provide economic and environmental benefits Under licenses approved earlier this month by the Bureau of Industry and Security (BIS), an office within the Department of Commerce that administers export controls on crude oil, volumes of crude oil produced in the United States and Mexico up to the approved volume cap will be exchanged. These swaps will likely involve U.S light sweet crude, such as the growing output from shale formations in the United States, and Mexican heavy sour crude. The approved swaps are expected to be both economically and environmentally beneficial...
  • As natural gas replaces coal, U.S. utilities invest big in the future

    08/27/2015 5:45:42 AM PDT · by thackney · 8 replies
    Fortune ^ | AUGUST 26, 2015 | Katie Fehrenbacher
    Southern Company isn’t alone in spending billions to position itself for the natural gas future. One of the largest companies that owns utilities in the U.S., Southern Company, announced a big deal this week that highlights just how aggressively power firms are looking to boost their natural gas power resources at the expense of the declining coal industry. On Monday, Southern Company SO 2.61% said it plans to buy natural-gas distributor AGL Resources GAS -0.08% for $8 billion in cash. The deal, which is for $12 billion but includes $4 billion in debt, offers AGL shareholders a 38% premium over...
  • Saudi Budget Cuts a Sign of Resolve, Not Wavering

    08/27/2015 5:43:16 AM PDT · by thackney · 2 replies
    Real Clear Energy ^ | August 27, 2015 | Nick Cunningham
    Nine months after OPEC decided to leave its production target unchanged and pursue market share instead of trying to prop up prices, the group is facing a set of complex problems and decisions going forward. At first blush, the collapse of oil prices and the resiliency of U.S. shale appears to hand OPEC, and its most powerful member in Saudi Arabia, a stinging defeat. U.S. oil production has leveled off but has not dramatically declined. Meanwhile, oil prices are at their lowest levels since the financial crisis and the revenues of OPEC members have fallen precipitously along with the price...
  • BP Whiting Restarted: Will Crude Avoid Maduro $30 Forecast?

    08/27/2015 5:37:14 AM PDT · by thackney · 9 replies
    Zacks ^ | August 26, 2015 | Nilendu Saha
    With crude prices hovering around $40 a barrel, the broader market is on tenterhooks. West Texas Intermediate (WTI) crude futures fell almost 7% in the past week. The troubles grew as oil prices hovered close to its lowest level in almost seven years. The bearish mood is compounded by Venezuelan President Nicolas Maduro’s opinion that the commodity is slated to fall to $30 per barrel or less. Whiting Refinery Unit Restarted Amid the gloom, the news that BP Plc (BP - Analyst Report) has restarted the largest of three crude distillation units (CDUs) in its refinery in Whiting, IN., cast...
  • To Donald Trump: Tell EPA Poisoners “You’re Fired

    08/26/2015 8:34:15 PM PDT · by kathsua · 5 replies
    London Telegraph ^ | August 27th, 2015 | reasonmclucus
    Some irresponsible employees of the U.S. Environmental Protection Agency may have given Donald Trump an issue that could put him in the White House. Even those of us who didn’t regularly watch Trump’s television show “The Apprentice” know his signature phrase is “You’re fired”.
  • Egypt turns to Russia to combat terrorism

    08/26/2015 8:01:16 PM PDT · by Navy Patriot · 70 replies
    Yahoo News ^ | August 26,2015 | AP
    Russian President Vladimir Putin and Egyptian President Abdel-Fattah el-Sissi on Wednesday called for a coalition to combat terrorism in the Middle East. Opening a meeting with Putin in Moscow, el-Sissi said "the Egyptian people" are hoping for broader ties with Russia in all areas, particularly in fighting terrorism in the Middle East. El-Sissi's Russian visit, his second in the past three months, highlights Moscow's attempts to expand its influence in Egypt at a time when Egyptian-U.S. relations have soured in the aftermath of the ouster of Islamist President Mohammed Morsi.
  • NASA sees unavoidable sea level rise ahead

    08/26/2015 1:46:25 PM PDT · by NormsRevenge · 53 replies
    AFP on Yahoo News ^ | 8/26/15 | Kerry Sheridan
    Miami (AFP) - Sea levels are rising around the world, and the latest satellite data suggests that three feet (one meter) or more is unavoidable in the next 100-200 years, NASA scientists said Wednesday. Ice sheets in Greenland and Antarctica are melting faster than ever, and oceans are warming and expanding much more rapidly than they have in years past. Rising seas will have "profound impacts" around the world, said Michael Freilich, director of NASA's Earth Science Division. "More than 150 million people, most of them in Asia, live within one meter of present sea level," he said. Low-lying US...
  • EIA expects near-term decline in natural gas production in major shale regions

    08/26/2015 10:54:29 AM PDT · by thackney · 16 replies
    Energy Information Administration ^ | AUGUST 26, 2015 | Energy Information Administration
    Natural gas production across all major shale regions in EIA's Drilling Productivity Report (DPR) is projected to decrease for the first time in September. Production from these seven shale regions reached a high in May at 45.6 billion cubic feet per day (Bcf/d) and is expected to decline to 44.9 Bcf/d in September. In each region, production from new wells is not large enough to offset production declines from existing, legacy wells. The DPR provides a month-ahead forecast of natural gas and crude oil production for the seven most significant shale formations in the United States. In order to estimate...
  • Obama Called Conservatives Hypocrites on Solar Energy and Free Markets. Here’s What He Got Wrong.

    08/26/2015 10:18:45 AM PDT · by detective · 8 replies
    The Daily Signal ^ | August 25, 2015 | Nicolas Loris
    President Obama is having a hard time with the definition of free market. The most recent example came from his remarks at the National Clean Energy Summit, an event hosted by Senate Minority Leader Harry Reid, D-Nev., to promote solar power. Obama told a crowd in Las Vegas that solar and renewables now make economic sense and blasted conservative think-tanks for being insincere when it comes to the free market. He said, “Now, it’s one thing if you’re consistent in being free market. It’s another thing when you’re free market until it’s solar that’s working and people want to buy...
  • Has Apple Found The Holy Grail Of Electric Vehicles?

    08/25/2015 2:10:54 PM PDT · by Swordmaker · 39 replies
    Seeking Alpha ^ | Aug. 25, 2015 11:17 AM ET
    Summary Apple's much rumored electric vehicle may use fuel cell technology from U.K. startup Intelligent Energy. Intelligent Energy's technology doesn't require high pressure hydrogen storage and can be refueled by swapping out self-contained modules. Apple may already have exclusive rights to the technology, and use this as leverage to partner with an auto manufacturer such as BMW. By now, the weight of the evidence that Apple is working on a car has become overwhelming, but an announcement out of the UK of a hydrogen fuel cell powered iPhone may shed the most light yet on Apple's automobile project. The technology...
  • Feds Tell Teachers To Push Renewable Energy in Class -- Kids Can ‘Save the Planet’

    08/25/2015 9:03:22 AM PDT · by rktman · 24 replies
    cnsnews.com ^ | 8/24/2015 | Penny Starr
    Teachers heading back to the classroom will be adding renewable energy to the curriculum to mold future “energy leaders to save the planet,” thanks to a summer training program run by the Department of Energy (DOE) and the Smithsonian Science Education Academies for Teachers. “By teaching the teacher, events like this one make a powerful impact on public understanding of America’s energy needs,” states a back-to-school announcement [1]posted on the DOE website earlier this month. “This year’s academy has just graduated a pool of motivated teachers, ready to arm the next generation of energy leaders to save the planet!” said...
  • Oil’s Down, Gasoline Isn’t — What’s Up With That?

    A little more than a year ago, oil prices were above $100 a barrel. The national average for gasoline was in the $3.50 range. In late spring, oil was $60-ish and the national average for gas was around $2.70. The price of a barrel of oil has plunged to $40 and below—yet, prices at the pump are just slightly less than they were when oil was almost double what it is today. Oil and gasoline prices usually travel up or down in sync. But a few weeks ago the trend lines crossed and oil continued the sharp decline while gasoline...
  • Mankind threatened by global cooling, not warming

    08/25/2015 7:54:08 AM PDT · by rktman · 37 replies
    wnd.com ^ | 8/25/2015 | Bob Unruh
    As the Obama administration creates policy based on the premise that the planet is warming, more and more scientists are concluding the real danger is global cooling. One recently painted this scenario: Food shortages from crop failures brought on by cold weather during the summers will produce civil unrest, as in “huge civil unrest.” “There’s no question of will it occur … but exactly when,” said David Dilley, a former NOAA meteorologist and the current senior research scientist at Global Weather Oscillations. He gave a presentation recently on “Mind Your Own Business TV” with Debi Davis.
  • Three Exelon nuclear power plants do not clear PJM auction

    08/25/2015 8:02:54 AM PDT · by thackney · 13 replies
    Power Engineering ^ | Aug 24, 2015 | Power Engineering
    Exelon said three of its nuclear power plants did not clear the PJM capacity auction for the 2018-19 planning year. The Quad Cities nuclear plant in Illinois, Oyster Creek in New Jersey, and Three Mile Island nuclear power plant in Pennsylvania will not receive capacity revenue from this auction, according to The Wall Street Journal. PJM said it would increase payments to power generators by 37 percent beginning in June 2018, increasing to $164.77 per megawatt per day. The increase is an almost $45 jump over the previous amount reached in auction last year. Power producers bid for long-term contracts...
  • Obama’s Power Plan versus Economic Reality

    08/25/2015 6:27:41 AM PDT · by SeekAndFind · 5 replies
    National Review ^ | 08/25/2015 | by STEPHEN MOORE & DAVE BRAT Read more at: http://www.nationalreview.com/article/423009/obama-powe
    This month, the Environmental Protection Agency released its new guidelines for the states to follow in reducing emissions from the power plants that provide reliable electricity for our homes, schools, offices, and hospitals. These regulations will do little to improve the environment, but will significantly increase our monthly electric bills, cause frequent power outages, destroy millions of jobs, and shut down entire companies at a time when the economy needs a boost, not a brake. The EPA’s “Clean Power Plan for Existing Power Plants” requires states to cut carbon-dioxide emissions from power plants by almost a third from what they...
  • As oil price slump continues, companies get creative with staff schedules to avoid layoffs

    08/25/2015 5:27:45 AM PDT · by thackney · 2 replies
    FINANCIAL POST via Calgary Herald ^ | 08.18.2015 | GEOFFREY MORGAN
    As oilpatch layoffs mount and companies struggle to retain staff, Trilogy Energy Corp. has been able to keep its staff and cut costs at the same time. This summer management at the oil and gas producer asked employees to work a four-day week and apply for work share coverage, a form of employment insurance, through Service Canada. Trilogy confirmed its eligible employees recently received government approval for their work share compensation after applying back in May. “Reducing hours, we thought, was a better alternative than laying off staff,” Trilogy president and chief operating officer John Williams said. The Calgary-based company,...
  • Gasoline prices hit 11-year seasonal low

    08/25/2015 5:10:32 AM PDT · by thackney · 23 replies
    Fuel Fix ^ | August 24, 2015 | Jordan Blum
    Gasoline prices hit an 11-year seasonal low Monday, and gas will continue to drop along with the falling price of U.S. oil that is now just more than $38 per barrel, according to AAA. Monday’s national average price of gasoline is $2.59 per gallon, which is the lowest average for late August since 2004, AAA stated, despite record-high demand and ongoing refinery problems. The Houston area averaged a lower $2.33 a gallon, according to GasBuddy’s daily survey of 2,559 gas outlets in Houston. AAA is projecting gas prices will drop below $2 a gallon nationwide on average by late December...
  • DW: Saudi Arabia Hit by Low Oil Prices, Faces Difficult Decisions

    08/24/2015 10:38:24 AM PDT · by thackney · 22 replies
    Rig Zone ^ | August 24, 2015 | Douglas-Westwood
    Douglas-Westwood, an energy business strategy, research and commercial due diligence services provider, commented in its latest edition of DW Monday that low global crude prices have hit Saudi Arabia hard. With a considerable budget deficit, Saudi has been forced to begin borrowing from capital markets – $4 billion in July. The kingdom is highly reliant on oil – accounting for more than 90 percent of budget revenues. Cuts have not been made to capital expenditure and Saudi has engaged in an expensive conflict within Yemen. Consequently, the decision to ride out lower prices has put a huge strain on finances...
  • 1st U.S. tar sands mine set to open for business in Utah

    08/24/2015 5:18:20 AM PDT · by thackney · 26 replies
    Fuel Fix ^ | August 22, 2015 | Associated Press
    BOOK CLIFFS, Utah (AP) — On a remote Utah ridge covered in sagebrush, pines and wild grasses, a Canadian company is about to embark on something never before done commercially in the United States: digging sticky, black, tar-soaked sand from the ground and extracting the petroleum. The impending opening of the nation’s first tar sands mine has become another front in the battle across the West between preservationists and the energy industry. U.S. Oil Sands has invested nearly $100 million over the last decade to acquire rights to about 50 square miles, obtain permits and develop what it says is...
  • Hundreds march to protest proposed natural gas pipeline

    08/24/2015 5:03:53 AM PDT · by thackney · 38 replies
    Fuel Fix ^ | August 24, 2015 | Associated Press
    Several hundred protesters turned out Saturday to march across the Delaware River in opposition to a proposed 114-mile pipeline that would shuttle natural gas from Pennsylvania to New Jersey. Those against PennEast’s proposal said during the mile-long march they’re concerned the pipeline would badly damage the landscape and natural resources in the region, and lower property values. “The people of Pennsylvania and New Jersey are showing they are unified in their message to PennEast: Go home, we don’t want your pipeline,” said Maya van Rossum, who leads the nonprofit Delaware Riverkeeper Network. “It’s also a message to politicians and regulators....
  • The EPA Aims to Reduce Methane Output by 2025 (from Oil, Gas Sector-Proposal Cuts GHG Emissions)

    08/23/2015 6:29:30 PM PDT · by E. Pluribus Unum · 38 replies
    Nature World News ^ | August 20, 2015 | Samantha Mathewson
    In an attempt to curb methane emissions from oil and gas development, the U.S. Environmental Protection Agency has proposed the nation's first regulations on emissions of that gas. Compared to 2012 levels, the EPA aims to reduce the nation's oil and gas sector methane output by up to 30% by 2025, according to a release. The regulations target methane and smog-forming volatile organic compounds, which are produced by oil and gas drilling operations. They also aim to reduce emissions from new and modified facilities that collect, transport and store oil and gas. The proposal follows 2012 rules, which limit toxic...
  • Report: Most Canada Oil Sands Crude Produced At A Loss

    08/23/2015 12:29:40 PM PDT · by thackney · 34 replies
    Reuters via Rig Zone ^ | August 20, 2015 | Nia Williams
    More than three-quarters of Canada's daily output of 2.2 million barrels of crude from oil sands is being produced at a loss at current prices, research from analysts at TD Securities shows, although producers are unlikely to halt operations. Only two mining and upgrading projects - Canadian Natural Resources Ltd's Horizon project and Suncor Energy's Millennium mine - are producing synthetic crude for less than its current outright price around $36 a barrel, analyst Menno Hulshof said on Thursday. Every thermal oil sands player is bleeding cash on every barrel produced with U.S. crude around $41 and the Canadian heavy...
  • LyondellBasell looking at Texas sites for new chemical plant

    08/23/2015 12:21:28 PM PDT · by thackney · 8 replies
    Fuel Fix ^ | August 21, 2015 | Jordan Blum
    While giant LyondellBasell has been expanding throughout the Houston area, CEO Bob Patel said the company is also looking to build a new polyethylene plant at one of its sites in southern Texas. Speaking at the Houston-based company’s sprawling Channelview complex where LyondellBasell will start up 250 million pounds of new ethylene capacity near the end of August, Patel said an announcement likely will come later this year on adding more production of polyethylene, the most common type of plastic. He said it could be a combination greenfield-brownfield project in the greater Houston region, but he noted that the region...
  • The green mirage—and con job

    06/28/2015 5:28:58 AM PDT · by Sean_Anthony · 2 replies
    Canada Free Press ^ | 06/28/15 | Paul Driessen & Tom Tamarkin
    Musk, Schmidt, Simons and billionaire buddies build empire based on climate and energy BS Elon Musk and his fellow barons of Climate Crisis, Inc. recently got a huge boost from Pope Francis. Musk et al. say fossil fuels are causing unprecedented warming and weather disasters. The Pope agrees and says Catholics must “ask God for a positive outcome” to negotiations over another UN climate treaty. It matters not that the predicted calamities are not happening. There has been no warming in 19 years, no category 3-5 hurricanes making US landfall for a record 9-1/2 years, indeed none of the over-hyped...
  • The week that was: George Soros and Tom Steyer take their lumps

    08/22/2015 3:30:10 PM PDT · by Twotone · 6 replies
    California Watchdog ^ | Aug. 21, 2015 | Rob Nikolewski
    It’s been a bad week for billionaires and climate change activists Tom Steyer and George Soros. Soros is being labeled a hypocrite for making a $2 million investment in coal while Steyer is catching flak after an investigation by Associated Press revealed that a California proposition Steyer backed in 2012 has not translated into the green energy generation and jobs that were promised.
  • Islamic Leaders Want A Jihad Against Global Warming

    08/22/2015 12:49:46 PM PDT · by aquila48 · 18 replies
    Daily Caller ^ | 08/20/2015 | Michael Bastasch
    A group of influential Muslims is calling on others of their faith to wage a jihad on global warming, and is calling on Islamic governments to reduce their use of fossil fuels ahead of the United Nations climate summit in Paris this year. “Excessive pollution from fossil fuels threatens to destroy the gifts bestowed on us by God, whom we know as Allah – gifts such as a functioning climate, healthy air to breathe, regular seasons, and living oceans,” wrote Islamic leaders from 20 countries after attending a summit in Istanbul, Turkey. “We are driven to conclude from these warnings...
  • Apple and Google Pour Billions Down a Green Drain

    08/22/2015 1:24:58 PM PDT · by Brad from Tennessee · 17 replies
    Watts Up with That? ^ | August 22, 2015 | By Steve Goreham
    Business has been captured by Climatism, the belief that humans are causing dangerous global warming. Leading businesses announce plans to reduce carbon dioxide emissions, purchase renewable energy, use vehicle biofuels, and buy carbon credits. But there is no evidence that commercial policies to “fight” climate change have any measureable effect on global temperatures. Apple and Google, the darling companies of the millennial generation, have spent billions trying to halt global warming. Apple has brought us the Mac personal computer, the I-Phone, the I-Pad, and other trend-setting electronic devices, becoming the world’s highest-valued company. Google has been called the most innovative...
  • Non-Interventionism is America’s Best Policy

    08/22/2015 11:35:28 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | August 22, 2015 | Paige Lewis
    Americans do well with moderation. It is in our national DNA. It is also a by-product of the freedom of expression and allowing different perspectives in the public forum. In foreign policy, non-interventionism is the moderate stance, and it has served Americans well in her four hundred or so years. As British subjects, American colonists were compelled to fight for the British crown, until they felt compelled to defend themselves against the king’s army. After centuries of European conflicts dragging Americans into war, national independence yielded a non-interventionist foreign policy for the infant nation. George Washington advised in his farewell...
  • Donald Trump Says Global Warming Is a Hoax

    08/21/2015 10:31:30 AM PDT · by Red Steel · 102 replies
    weupit ^ | August 21, 2015 | James Planas
    Donald Trumps winning position among Republican presidential candidates in Iowa’s CNN/ORC poll should prompt us to pay more attention to what he really says and does. And it’s not about some controversial comments that provide him with the cover page of a national news magazine, but words which can show us his true opinions on the most important national and global issues. One of these matters is the subject of global warming, and if you agree that it truly exists, you won’t be happy to know what Trump has to say. urnalists from Think Progress took a look at the...
  • Fire erupts at Delaware City oil refinery (Video at link)

    08/21/2015 1:36:33 PM PDT · by beaversmom · 12 replies
    DELAWARE CITY, Del. (WPVI) -- A fire ripped through part of a refinery in Delaware City on Friday afternoon. The fire was reported shortly after 1 p.m. Friday at PBF Energy's Delaware City Refinery in the 4500 block of Wrangle Hill Road. Black smoke could be seen from several miles away. The view from Chopper 6 showed flames shooting out of a building with firefighters pouring water on the blaze. Refinery officials say all workers have been accounted for. No injuries have been reported. The fire was placed under control at 3:17 p.m. The fire was reported to be inside...
  • Russian ruble hits 75 to the euro as slide worsens

    08/21/2015 1:00:14 AM PDT · by elhombrelibre · 22 replies
    AFP ^ | 20 Aug 15 | Unknown
    Moscow (AFP) - Russia's battered ruble fell Thursday on the back of weaker oil prices to more than 75 to the euro for the first time in over six months, deepening its recent decline. The ruble also tumbled against the dollar to near 67.44, its weakest against the greenback since February. Russia's currency has fallen more than 20 percent against the dollar in the past two months, sparking fears of more instability after a period of relative recovery. Russia's economy has slumped into recession amid lower oil prices and Western sanctions over the Ukraine crisis.
  • Oil falls near $39 per barrel

    08/21/2015 10:14:04 AM PDT · by thackney · 37 replies
    Fuel Fix ^ | August 21, 2015 | Robert Grattan
    U.S. oil fell closer to $39 per barrel on Friday, as traders continued a rout that is likely to hand the next-month contract its longest string of consecutive weekly losses since the bust of 1986. Fears that China’s economy may be sputtering and signals that global production is on the rise have driven oil lower for the past seven weeks, and barring a large recovery Friday, soon to be eight weeks. Those concerns combined once more on Friday as an early economic indicator in China came in at a six-year low. “(China’s) stock market problems, their currency problems, all these...
  • Climatologist: We Have a ‘Moral Imperative’ to Burn Fossil Fuels

    08/21/2015 7:14:33 AM PDT · by Olog-hai · 13 replies
    Cybercast News Service ^ | August 20, 2015 | 4:54 PM EDT | Barbara Hollingsworth
    We have a “moral imperative” to burn carbon dioxide-emitting fossil fuels because the energy they provide is a “liberator” of humanity, says Dr. John Christy, a climatologist and director of the Earth System Science Center at the University of Alabama, Huntsville. “We are not morally bad people for taking carbon and turning it into the energy that offers life to humanity in a world that would otherwise be brutal,” Christy wrote in a recent op-ed. “On the contrary, we are good people for doing so.” He also challenged what he says are contradictions in Pope Francis’ encyclical, Laudato Si, in...
  • Next Texas Energy Boom: Solar.Companies are spending $1 billion on new projects

    08/21/2015 6:39:09 AM PDT · by bestintxas · 24 replies
    wsj ^ | 8/21/15 | r gold
    A new energy boom is taking shape in the oil fields of west Texas, but it’s not what you think. It’s solar. Solar power has gotten so cheap to produce—and so competitively priced in the electricity market—that it is taking hold even in a state that, unlike California, doesn’t offer incentives to utilities to buy or build sun-powered generation. Pecos County, about halfway between San Antonio and El Paso and on the southern edge of the prolific Permian Basin oil field, could soon host to several large solar-energy farms responsible for about $1 billion in investments, according to state tax...