Keyword: energy

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  • Study: Leaky wells, not fracking, taint water

    09/15/2014 2:52:33 PM PDT · by grundle · 5 replies
    Associated Press ^ | September 15, 2014 | Seth Borenstein
    WASHINGTON (AP) — A new study says that the drilling procedure called fracking didn’t cause much-publicized cases of tainted water, blaming contamination on leaky natural gas wells instead. The study finds that eight hydraulically fractured wells in Pennsylvania and Texas leaked gas because the piping and cement seals in the wells themselves weren’t working properly.
  • Petrodollar Panic: EU Officials Admit Buying Oil From ISIS

    09/15/2014 11:16:01 AM PDT · by Rusty0604 · 23 replies
    Zerohedge ^ | 09/15/2014 | Tyler Durden
    We recently explained how ISIS remains so well funded but what was unclear was who exactly what purchasing their 'recently-provisioned' oil reserves? The assumption being some desperate third-world nation or some scheming offshore hedge-fund arbitrageur; however, as Sott.net reports, a senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group. The official declined to disclose any names but Turkey remains a front-runner (having already shunned President Obama) and potentially France (after their recent anti-Petrodollar comments). As The Daily Signal's Kelsey Harkness ( @kelseyjharkness ) notes, According...
  • Energy boom fueled by small business, not Big Oil, industry report says

    09/15/2014 6:45:50 AM PDT · by thackney · 7 replies
    Times-Picayune ^ | September 09, 2014 | Jennifer Larino
    When it comes to the U.S. energy boom, small and mid-size firms -- not Big Oil -- are providing the momentum for growth, according to an American Petroleum Institute report released Tuesday (Sept. 9). The industry group's report looks at the oil and gas supply chain in all 50 states, listing more than 30,000 firms across the country. The findings were based on a nationwide survey asking oil and gas companies what suppliers, contractors and other vendors they use. "Oil and natural gas companies are only one part of a much larger economic success story that is creating job growth...
  • Exclusive: Nissan faces battery plant cuts as electric car hopes fade

    09/15/2014 6:41:07 AM PDT · by shove_it · 29 replies
    Rooters ^ | 15 Sep 2014 | LAURENCE FROST
    (Reuters) - Nissan (7201.T) boss Carlos Ghosn is preparing to cut battery manufacturing, people familiar with the matter said, in a new reversal on electric cars that has reopened deep divisions with alliance partner Renault (RENA.PA). The plan, which faces stiff resistance within the Japanese carmaker, would see U.S. and British production phased out and a reduced output of next-generation batteries concentrated at its domestic plant, two alliance sources told Reuters...
  • Why Farmers Need Keystone XL

    09/15/2014 6:35:11 AM PDT · by Kaslin · 10 replies
    Townhall.com ^ | September 15, 2014 | Katie Kieffer
    It’s harvest time! But oil shipments out of the Bakken are causing dangerous and costly rail delays for farmers. The oil boom in the Northern Plains is a boon to the U.S. economy, creating thousands of jobs and increasing our supply of American energy. With nearly 3 million Americans out of work, the Bakken is like a pool of cool water in an arid desert. However, our railroads do not have the capacity to transport unprecedented levels of crude oil as well as the fall harvest. Farmers are understandably frustrated with the railroad companies, yet the railroad companies say they...
  • New petroleum technology revitalizes Powder River Basin oil production

    09/15/2014 5:54:36 AM PDT · by thackney · 11 replies
    Energy Information Administration ^ | SEPTEMBER 15, 2014 | Energy Information Administration
    The Powder River Basin, well known for its abundant coal supply, is experiencing a turnaround in oil production. Production has rebounded from a low of 38,000 barrels per day (bbl/d) in 2009 to 78,000 bbl/d during first-quarter 2014. Although U.S. oil production growth is occurring primarily in the Bakken, Eagle Ford, and Permian Basins, the Powder River Basin is among other regions of the country that have also benefitted from the application of horizontal drilling and hydraulic fracturing. The increase in Powder River Basin oil production is largely attributable to production growth in the Turner, Parkman, and Niobrara-Codell formations, which...
  • Meeting Heavy Demand – Industrial Infrastructure in the Eagle Ford Shale

    09/15/2014 5:45:29 AM PDT · by thackney · 3 replies
    Oil Pro ^ | 9/12/2014 | Tim Stinson
    While the economic boom brought on by the Eagle Ford Shale in South Texas has no doubt brought attention and prosperity to the state, it’s brought on its fair share of complications, too. One such complication: industrial infrastructure in the Eagle Ford Shale. To remedy the challenges created by the large influx of oil and natural gas production in the state, numerous regional refineries are being overhauled to meet demand, and billions of dollars in new pipelines are being created as well. New Pipelines Transportation of oil and natural gas from the Eagle Ford Shale to local refineries has been...
  • Oklahoma oil hub getting bigger with new pipelines

    09/15/2014 5:05:00 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | September 14, 2014 | Associated Press
    CUSHING, Okla.— New pipeline projects are expanding the size of an Oklahoma crude oil hub that is already one of the most important oil storage facilities in the world. One new pipeline is in operation at the hub in Cushing, another is almost complete and a new project was announced earlier this month when Tulsa-based NGL Energy Partners revealed plans for the Grand Mesa Pipeline, a joint venture with Rimrock Midstream LLC, the Tulsa World reported Saturday. Grand Mesa, which will be open to oil producer commitments starting next week, will be a 550-mile system from Colorado to Cushing. Once...
  • Japan To Restart Two Nuclear Reactors

    09/14/2014 8:52:30 PM PDT · by jonatron · 8 replies
    Japan’s nuclear watchdog has given the green light for two reactors to restart but the operator still has to persuade local communities they are safe. sendai-plant Widespread anti-nuclear sentiment has simmered in Japan ever since an earthquake and tsunami in March 2011 caused meltdowns at the Fukushima power plant, sparking the worst atomic disaster since Chernobyl. The country’s nuclear reactors were switched off after the catastrophe. Two reactors were briefly restarted last year but all of Japan’s nuclear plants are currently offline. The go-ahead from the Nuclear Regulatory Authority (NRA) for two reactors at the Sendai plant (pictured) in southern...
  • flagship german offshore wind farm project humiliated by technical faults

    09/14/2014 2:44:47 PM PDT · by dennisw · 67 replies
    breitbart. ^ | Sept 12 | DONNA RACHEL EDMUNDS
    Germany’s flagship Bard 1 offshore wind farm has been described as “a faulty total system” as technical problems continue to plague the project, casting major doubts on the feasibility of large scale offshore projects. The wind farm was officially turned on in August last year but was shut down again almost immediately due to technical difficulties that have still not been resolved – and now lawyers are getting involved. The wind farm comprises 80 5MW turbines situated 100 km off the north German coastline. The difficulty facing engineers is how to get the electricity generated back to shore. So far,...
  • Texas Refinery Is Saudi Foothold in U.S. Market

    09/14/2014 10:10:28 AM PDT · by Lorianne · 16 replies
    New York Times ^ | 04 April 2013 | Clifford Krauss
    PORT ARTHUR, Tex. — It is hard to imagine the desert sands of the Persian Gulf being any farther away than from this swampy refinery port known for Cajun food, sport fishing and being the birthplace of Janis Joplin. But right in the middle of town stands a strategic outpost for Saudi Arabia’s global ambitions, although one that the Saudis appear loath to publicize. The giant Motiva oil refinery, which just completed a $10 billion expansion that makes it the largest processor of gasoline, diesel and other petroleum products in the United States, is owned by Saudi Aramco and Royal...
  • Wind Turbines but no Power

    09/14/2014 8:44:00 AM PDT · by rktman · 30 replies
    canadafreepress.com ^ | 9/13/2014 | Dr. Klaus L.E. Kaiser
    The highly touted, government-subsidized, unreliable, intermittent and expensive "alternative power" schemes currently in vogue are nothing but a phenomenal waste of money
  • Black Hills customers 'mad as hell' over proposed rate increase ( Colorado )

    09/13/2014 7:41:15 AM PDT · by george76 · 30 replies
    KRDO ^ | Sep 11, 2014 | Michelle San Miguel
    PUEBLO, Colo. - Black Hills executives heard another earful from its customers during a hearing on its proposed rate increase. "I'm mad as hell about these rate increases," said Frank Soudek. "Reasonably priced power. That's what we're asking for," said Lee Gladney. Black Hills wants to increase utility rates by 4 percent starting next year to make up for the construction cost of a wind farm in Huerfano County.
  • The Post Obama Recovery Begins Here

    09/13/2014 5:14:39 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | September 13, 2014 | John Ransom
    If Americans want some cheap fuel for the economy, it would be best to vote GOP this time around because only the GOP has a plan for inexpensive, reliable domestic energy production. Combined with a lifting of restrictions on exportation of unrefined oil, fuel prices could be significantly lower than they are now. And where they are now—lower—has helped the economy greatly in the last month. For years I’ve puzzled over how so many Americans have lost the connection between inexpensive, reliable energy sources and a robust economy. But this month’s retail sales numbers make the connection clear. Retail sales...
  • Brussels Anti-Green Purge – New EU Leaders Neuter Green Lobby

    09/12/2014 2:32:54 PM PDT · by Ernest_at_the_Beach · 4 replies
    wattsupwiththat.com ^ | September 12, 2014 | Anthony Watts
    From Benny Peiser and The GWPF – [Conservative MEP] Miguel Arias Canete, Spain’s former agriculture and environment minister, was nominated as the European Union’s next commissioner for climate and energy, becoming the first single supervisor of those two policy areas. The new commission will take office as energy policy is moving up the EU agenda amid a crisis in Ukraine, the transit country for around half of Russian natural gas to Europe, and the unrest in Middle East. –Ewa Krukowska, Bloomberg 10 September 2014 Jean-Claude Juncker’s decision to group EU commissioners into teams serving under a vice-president has been...
  • Denton extends drilling moratorium until 2015; vote on frack ban looms

    09/12/2014 1:53:51 PM PDT · by 2ndDivisionVet · 10 replies
    The Dallas Business Journal ^ | September 10, 2014 | Nicholas Sakelaris
    Land-use conflicts between Barnett Shale wells and homes continues to pose a “major impediment” to Denton’s future quality of life and economic development, gas well administrator Darren Groth told the City Council Tuesday. The Council agreed, voting unanimously Tuesday to approve a moratorium on gas wells applications and permits through Jan. 20. This moratorium is separate from the Nov. 4 referendum to ban hydraulic fracking in the city of Denton, a first for Texas. The four-and-a-half-month extension gives city staff time to iron out problems with the city ordinance to prevent a repeat of what happened in the Vintage neighborhood...
  • What Petrodollar: Russia, China To Create SWIFT Alternative

    09/12/2014 1:54:36 PM PDT · by Lorianne · 15 replies
    Zero Hedge ^ | 10 September 2014 | Tyler Durden
    If, when in February Victoria Nuland infamously launched a (not so) covert campaign to replace the ruling Ukraine president oblivious to the human casualties, resulting in a civil war in east Ukraine, NATO encroachment along the borders of Russia, and a near-terminal escalation in hostilities between Ukraine, Russian, and various regional NATO members, the US intention was to provoke the Kremlin so hard that the nation with the world's largest reserves of mineral and energy resources would jettison the US Dollar and in the process begin the unraveling of the USD reserve currency status (as much as Jared Bernstein desires...
  • Oil demand growth slips to 'remarkable' 2½-year low

    09/12/2014 1:47:17 PM PDT · by Lorianne · 39 replies
    CNBC ^ | 11 September 2014 | Matt Clinch
    Demand growth in the oil markets will be more subdued than previously expected, according to the International Energy Agency, which has once again downgraded its projections for the rest of the year. "The recent slowdown in demand growth is nothing short of remarkable," the IEA said in a new monthly report on Thursday morning. "While demand growth is still expected to gain momentum, the expected pace of recovery is now looking somewhat more subdued." Additionally, global oil demand growth for has been lowered to 900,000 million b/d in 2014 and 1.2 million b/d for 2015. The pronounced slowdown in demand...
  • Fracking dollars help save a sports icon in fracking-free New York (NFL's Buffalo Bills)

    09/12/2014 1:37:43 PM PDT · by 2ndDivisionVet · 6 replies
    The Barrel ^ | September 12, 2014 | John Kingston
    Another chapter in the never-ending love/hate relationship between New York and fracking. The former has banned the latter, as we’re sure you know. First, let’s go back to 2010. East Resources, which is a privately held independent oil and gas company operating in the Marcellus, among other areas, sells a vast amount of acreage in the Marcellus and other areas to Royal Dutch Shell for $4.7 billion. Then go back to earlier this year. Ralph Wilson, the only man who ever owned the Buffalo Bills, dies in March. So his heirs put the Bills–who haven’t made the NFL playoffs since...
  • Iran, Russia Boost Nuclear Ties

    09/12/2014 12:18:26 PM PDT · by Tailgunner Joe · 16 replies
    freebeacon.com ^ | September 12, 2014 | Adam Kredo
    The heads of Iran and Russia’s state-run nuclear agencies discussed the construction of new nuclear plants in Iran during a meeting held on Friday around the same time that Iranian President Hassan Rouhani and his Russian counterpart, Vladimir Putin, also sat down for a chat about Tehran’s ongoing nuclear negotiations with the West, according to regional reports. Behrouz Kamalvanda, a top official at Iran’s Atomic Energy Organization (AEOI) met early Friday with Sergey Kirivenko, the director general of Russia’s state-run nuclear company, Rosatom, to discuss way the two nations can “boost nuclear cooperation,” according to Iran’s state run news agencies....
  • Energy Minister: Half of Scottish Oil Reserves Yet to Be Exploited

    09/12/2014 12:24:40 PM PDT · by Lorianne · 19 replies
    RIA Novosti ^ | 10 September 2014 | Mark Hirst
    Scotland’s oil and gas sector is facing a bright future as half of oil reserves remain to be exploited, the Scottish Government's Minister for Energy, Enterprise and Tourism Fergus Ewing said Wednesday, commenting on a new study. Earlier, world leading oil expert Professor Alex Kemp, by using detailed financial modelling, predicted significant discoveries in Scottish oil sector made over the next 30 years. “His new predictions – based on that modelling – show a bright future for Scotland’s oil and gas sector for decades to come – with 99 new economic discoveries over the next three decades,” Ewing told RIA...
  • Barnet Shale still alive

    09/12/2014 6:12:36 AM PDT · by q_an_a · 7 replies
    Dallas Business Journal ^ | 9.10.2014 | Nicholas Sakelaris
    The Barnett Shale generates $11.8 billion in gross product per year and 107,650 permanent jobs for North Texas, according to economist Ray Perryman.
  • District attorney drops charges against activists who blocked coal freighter, says they were right

    09/12/2014 2:54:06 AM PDT · by Libloather · 18 replies
    National Post/NY Times ^ | 9/09/14 | Jess Bidgood
    FALL RIVER, Mass. – In May 2013, two environmental activists piloted a lobster boat close to the vast pile of coal at the Brayton Point Power Station, the hulking plant that overlooks this industrial inlet near the border between Massachusetts and Rhode Island. With the tiny boat, the two men – Jay O’Hara, 32, and Ken Ward, 57 – dropped anchor and for a day blocked a freighter with a 40,000-ton shipment of coal, and they were arrested and charged with conspiracy, disturbing the peace and other violations. The two were scheduled to be tried on Monday, and they planned...
  • Eastern Europe Braces for Energy Shortages as Russian Gas Flows Fall

    09/12/2014 5:20:30 AM PDT · by McGruff · 18 replies
    The Wall Street Journal ^ | Sept. 12, 2014 | Sean Carney
    A fall in gas flows from Russia to two Eastern European countries this week has sent a chill through the region as it prepares for possible energy shortages this winter. Slovakia's gas distributor SPP said Thursday its daily gas intake from Russia fell 10% below contracted levels starting late Wednesday. Polish gas company PGNiG said its gas flows from Russia had fallen 45% below its contracted daily volumes by Thursday.
  • The Scary Amount of Oil Money ISIS Makes Every Day

    09/12/2014 5:10:33 AM PDT · by ilovesarah2012 · 19 replies
    dailysignal.com ^ | September 11, 2014 | Kelsey Harkness
    President Obama, laying out his strategy last night to defeat the Islamist jihadists known as ISIS, stressed that “it will take time to eradicate a cancer” such as the terrorist group represents in the Middle East. One hurdle in the way of Obama’s intention to work with allies to “degrade and ultimately destroy” ISIS (also known as ISIL and the Islamic State) is the brutal organization’s control of oil fields in Iraq and Syria. ISIS uses that oil wealth to help finance its terror operations. According to the Iraq Energy Institute, an independent, nonprofit policy organization focused on Iraq’s energy...
  • UTSA, Southwest Research find a new way to clean frack water

    09/12/2014 5:04:27 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | September 12, 2014 | Jennifer Hiller
    The University of Texas at San Antonio and the Southwest Research Institute say they have found an inexpensive way to treat the water that flows back to the surface after hydraulic fracturing. A team of researchers used a plant matter called biochar to remove impurities from the flowback water. UTSA and Southwest Research Institute say it’s a low-cost method that could help address the issue of the millions of gallons of water use and disposal – per well – in new oil and gas fields such as the Eagle Ford Shale. Hydraulic fracturing pumps a mix of water and chemicals...
  • Oil industry accuses administration of political motive in ethanol rules

    09/12/2014 5:02:42 AM PDT · by thackney · 17 replies
    Fuel Fix ^ | September 11, 2014 | Rhiannon Meyers
    An oil industry trade group unveiled its latest attack ads on the nation’s renewable fuels policy, accusing the Obama administration of “playing politics” with a mandate to blend more ethanol into gasoline. The American Petroleum Institute said Thursday it fears the Environmental Protection Agency will boost ethanol requirements to help a Democrat locked in a close U.S. Senate race in Iowa — a corn-growing state that benefits from the mandate because most U.S. ethanol is made from corn. U.S. Rep. Bruce Braley, an Iowa Democrat running to succeed retiring Democratic Sen. Tom Harkin, last month sent a letter to the...
  • EPA Proposed Regulation Would Significantly Hurt Access to Electricity

    09/11/2014 1:15:30 PM PDT · by ThethoughtsofGreg · 9 replies
    American Legislator ^ | 9-11-14 | John Eick
    When talking about energy and environmental policy, it is a bit troublesome to watch just how recklessly big-government environmentalists unfairly and erroneously accuse individuals and organizations of the pro-free market persuasion of being “climate deniers.” Instead of engaging in thoughtful, substantive discussion, many of these environmental activists oftentimes resort to this tactic of public shaming in order to eliminate debate and to bully individuals and groups into supporting an ever-expansive federal regulatory scheme. There is a key distinction between climate change denial and having major concerns with a proposed EPA regulation that would place a significant financial burden on the...
  • Back from South Texas, regulator re-warns of pipeline threat

    09/11/2014 12:43:07 PM PDT · by thackney · 5 replies
    Fuel Fix ^ | September 11, 2014 | Michael Brick
    He went. He saw. He issued another news release. Making good on his vow to “see the situation first hand,” Texas Railroad Commissioner David Porter returned Thursday from a visit to oil installations with a grim safety assessment. But the industry, he stressed, was not to blame. “South Texas pipelines are vulnerable,” announced Porter, whose agency regulates the state’s petroleum industry, “because the federal government has abdicated its most basic function to protect our borders.” Repeating an assertion that he made in an open letter last month to the federal Customs and Border Patrol agency, Porter said “his concerns stems...
  • Brent oil extends slump to 2-year low; U.S. crude bounces

    09/11/2014 9:31:34 AM PDT · by GonzoII · 4 replies
    Reuters ^ | Thu Sep 11, 2014 9:50pm IST | Robert Gibbons
    (Reuters) - Benchmark Brent crude dropped to a two-year low on Thursday, falling for a sixth straight session as increasing supply and signs of weakening demand countered worries that conflicts in the Middle East could curb output. ... Brent for October was down 66 cents at $97.38 a barrel at 11:38 a.m. EDT (1538 GMT) It fell as low as $96.72, its weakest since July 2012. U.S. crude was up 35 cents at $92.17 a barrel, turning higher after sliding to $90.43, its lowest since May 2013. Brent hit a high above $115 in June as Islamist insurgents swept across...
  • Does Vladimir Putin want Denton to ban fracking?

    09/10/2014 12:48:45 PM PDT · by Tailgunner Joe · 27 replies
    bizjournals.com ^ | September 10, 2014 | Nicholas Sakelaris
    Who stands to benefit if Denton bans fracking? Those behind the petition drive say it will benefit the Denton residents because they won’t have to worry about wells being fracked less than 300 feet away from their homes, which is what happened to several neighborhoods in South Denton. Economist Ray Perryman said the result will be millions of dollars and jobs lost for Denton, costing the city up to $251.4 million over 10 years. Being the oil capital of the country and one of top producers of oil and gas worldwide, the stakes will be high when Denton voters cast...
  • US, EU Ready New Sanctions to Stop Oil Exploration in Russia

    09/11/2014 7:46:40 AM PDT · by thackney · 5 replies
    Reuters via Rig Zone ^ | September 11, 2014 | Timothy Gardner
    The United States and European Union plan to stop billions of dollars in oil exploration in Russia by the world's largest energy companies including Exxon Mobil Corp and BP Plc, U.S. government sources said. The planned sanctions over Russia's aggression toward Ukraine would ban U.S. and European companies from cooperating with Russia on searching its Arctic territory, deep seas or shale formations for crude, said two U.S. officials who spoke on condition of anonymity because the measures have not been made public. The measures, which one of the sources said represented "preliminary thinking," would expand sanctions the Obama administration announced...
  • COLUMN-Worst time for Saudi Arabia's giant new oil refinery: Russell

    09/10/2014 9:43:33 AM PDT · by thackney · 5 replies
    Reuters ^ | Sep 10, 2014 | Clyde Russell
    If you could pick the worst set of circumstances in which to start up a giant, export-oriented oil refinery, you might well have them right now. Saudi Aramco and joint venture partner Sinopec have started test runs at their 400,000 barrel per day (bpd) Yanbu refinery, located in the oil-rich Middle Eastern kingdom. This puts the new plant on schedule to begin commercial exports in November, possibly even by the second half of October, according to trade sources. Yanbu will be the second major refinery to come online in Saudi Arabia in little more than a year, following the September...
  • Poland sees sharply lower gas supplies from Russia

    09/10/2014 9:01:47 AM PDT · by tcrlaf · 63 replies
    Reuters ^ | 9-10-2014 | Adrian Krajewski
    Poland said on Wednesday the volume of gas it has received so far this week from Russian gas monopoly Gazprom was down by at least 20 percent. Some European countries believe Moscow may use a disruption of gas to Europe as a trump card in its confrontation with the West over Ukraine. The row has already dragged ties between Moscow and the West down to their worst since the Cold War. Ukraine's gas transport monopoly Ukrtransgaz was quoted by a Russian news agency as saying Gazprom was limiting flows to Poland to disrupt supplies of gas in the opposite direction,...
  • OPEC Says World Will Need Less of Its Oil Next Year

    09/10/2014 7:45:13 AM PDT · by thackney · 13 replies
    Wall Street Journal ^ | Sept. 10, 2014 | BENOÎT FAUCON
    OPEC said demand for its crude oil will be lower than expected next year, with a surge in U.S. output potentially bringing its production to levels not seen since the past decade. In its monthly oil-market report, the Organization of the Petroleum Exporting Countries said it had lowered the estimate of demand for its crude by 200,000 barrels a day for 2015 and by the same amount for this year. As a result, markets will need 300,000 barrels a day less of OPEC crude next year, it said. OPEC's statement comes after the Brent oil contract—the most widely traded international...
  • Recognizing The Golden Age Of Texas Oil And Gas While We're In It

    09/10/2014 5:24:53 AM PDT · by thackney · 8 replies
    Forbes ^ | 9/09/2014 | David Blackmon
    James Lebas, former chief revenue estimator for the Texas Comptroller’s office, made news recently when he told the state’s House Committee on Energy Resources that, working with the Comptroller’s office, he had determined that output from the oil and natural gas industry now accounts for fully one-third of the entire Texas economy. Given that the Texas economy would rank 12th among all nations on earth, that’s an amazing amount of economic activity for one industry to provide. Yet, it should not surprise anyone who has really been paying attention to the phenomenal boom the industry has undergone in Texas since...
  • 8 Facts About U.S. Crude Oil Production

    09/10/2014 5:20:25 AM PDT · by thackney · 9 replies
    Brookings Institution ^ | September 9, 2014 | Charles K. Ebinger and Heather Greenley
    The skyrocketing growth of unconventional oil and natural gas production in the United States has ignited an intense debate on the impact of energy exports on U.S. energy and economic security and its foreign policy. In “Changing Markets: Economic Opportunities from Lifting the U.S. Ban on Crude Oil Exports,” Charles Ebinger and Heather Greenley worked with National Economic Research Associates (NERA) to examine the economic and national security impacts of lifting the ban on crude oil exports. Learn eights facts about U.S. crude oil production within the key findings outlined below, and download the full report. U.S. Economic Benefits Key...
  • Boom in Energy Spurs Industry in the Rust Belt

    09/10/2014 5:14:03 AM PDT · by thackney · 13 replies
    NY Times ^ | SEPT. 8, 2014 | NELSON D. SCHWARTZ
    Waist-high weeds and a crumbling old Chevy mark the entrance to a rust-colored factory complex on the edge of town here, seemingly another monument to the passing of the golden age of American industry. But deep inside the 14-acre site, the thwack-thwack-thwack sound of metal on metal tells a different story. “We’re holding our own,” said Greg Hess, who is looking to hire draftsmen and machine operators at the company he runs, Youngstown Bending and Rolling. “I feel good that we saved this place from the wrecking ball.” The turnaround is part of a transformation spreading across the heartland of...
  • Can solar energy work in snowy Syracuse? Yes, with lots of taxpayer help

    09/10/2014 4:31:10 AM PDT · by Behind Liberal Lines · 25 replies
    Post Standard, Syracuse NY ^ | 9.10.14 | Glenn Coin
    "The bottom line is solar works here," said Pete Wirth, whose 18 solar panels supply all of his Fayetteville home's electrical power. "It would probably work better if you had no cloudy days, but solar works perfectly fine in Central New York." The only way solar works here, or just about anywhere, is with heavy government subsidies. Wirth's system cost $24,000 when it was installed two years ago, but after tax credits and rebates, he paid about $6,200. That means taxpayers pick up about 75 percent of the cost of solar systems.
  • Long supply chain keeps oil industry pumping

    09/09/2014 5:37:34 PM PDT · by thackney · 5 replies
    Fuel Fix ^ | September 9, 2014 | Jennifer A. Dlouhy
    America’s energy renaissance isn’t brought to you by Big Oil. That’s the message the American Petroleum Institute sent Tuesday, as it released a report documenting the nearly 30,000 businesses across the nation that supply the oil and gas industry with equipment and services. Erik Milito, API’s upstream director, said the report illustrates “the true breadth and scope of the industry’s positive impact throughout the country.” “What we’re trying to show is more of the teamwork approach that goes to energy, where it’s not just an operator or a producer that is involved in safe and responsible development,” Milito added. “It’s...
  • IEO2014: World liquid fuels consumption to rise 38% by 2040

    09/09/2014 2:23:02 PM PDT · by thackney · 27 replies
    Oil & Gas Journal ^ | 09/09/2014 | OGJ editors
    n the 2014 edition of its International Energy Outlook (IEO2014), the US Energy Information Administration projected world liquid fuels consumption to rise 38% by 2040. The agency also pointed out that world markets for petroleum and other liquid fuels have entered a period of dynamic change—in supply and demand. “The potential for growth in demand for liquid fuels is focused on the emerging economies of China, India, and the Middle East, while liquid fuels demand in the US, Europe, and other regions with well-established oil markets seems to have peaked,” EIA said. In countries outside the Organization for Economic Cooperation...
  • EU Threatens New Sanctions; Russia Responds with Threats on Natural Gas

    09/09/2014 9:52:55 AM PDT · by Kaslin · 64 replies
    Townhall.com ^ | September 9, 2014 | Mike Shedlock
    The tit-for-tat sanction madness in Europe took a huge leap forward today with new sanctions in the work on Russian energy companies. Russia responded by threatening to restrict commercial flights over its airspace, by threatening to halt reverse flows of natural gas to Ukraine, and with a threat to reduce gas delivery to Europe.
  • Musings: After Hiatus, Keystone XL Pipeline Battle Resumed Friday

    09/09/2014 9:17:30 AM PDT · by thackney · 7 replies
    PPHB via Rig Zone ^ | September 09, 2014 | G. Allen Brooks
    In the chambers of the Nebraska Supreme Court in Omaha, a hearing was held Friday about the decision by Lancaster County District Judge Stephanie F. Stacy claiming that the law under which the state’s governor had approved the route of the Keystone XL pipeline was unconstitutional. The judge, in a case brought by three landowners, decided that LB1161, the law passed by the state’s legislature at the end of its session in 2011 that shifted the approval of the pipeline route from the state’s Public Service Commission (PSC) to the governor, was unconstitutional, and as such the judge instituted a...
  • Rosneft Struggles To Grow As Sanctions Hit Russia's Oil Champion

    09/09/2014 8:59:51 AM PDT · by thackney · 2 replies
    Reuters via Rig Zone ^ | September 09, 2014 | Katya Golubkova, Soldatkin & Dmitry Zhdannikov
    ...faces unprecedented challenges to its long-term expansion and modernization plans.... Last week Rosneft said it would cut staff to reduce costs: Kommersant business daily said Rosneft's Moscow headquarters would see cuts of up to 25 percent from the current 4,000. These would be the first significant job losses at a company that swelled via the acquisition of rivals such as YUKOS, pushed into bankruptcy some ten years ago by the government of President Vladimir Putin. Since then Rosneft's output has risen 10-fold to exceed 4 million barrels per day or four percent of global supply. But last week it reported...
  • EPA Proposed Regulations to Shut Down Coal-Fired Power Plants

    09/09/2014 8:42:16 AM PDT · by walford · 52 replies
    Jim's Blog ^ | Jun 5, 2014 | Rep. Jim Bridenstine (R) Okla
    On Monday (Jun 2), the Obama Administration took a major step toward shutting down the US coal industry, a stated goal from his presidential campaign. The Environmental Protection Agency proposed sweeping new regulations to limit so-called “greenhouse gas” emissions from existing coal-fired power plants. These regulations would make coal-powered electrical generation in the US uneconomical. Under this plan, “electricity rates would necessarily skyrocket” as the President promised in his 2008 campaign. To what gain? The Wall Street Journal reported, “Based on the EPA's own carbon accounting, shutting down every coal-fired power plant tomorrow and replacing them with zero-carbon sources would...
  • Gulf Coast drives surge in U.S. exports of petroleum products

    09/09/2014 7:12:27 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | September 9, 2014 | Rhiannon Meyers
    The Gulf Coast is driving a surge in U.S. exports of petroleum products as refineries run at near-record levels, according to recent reports. In June, the United States on average exported 3.7 million barrels per day of gasoline, distillate, jet fuel, petroleum coke and hydrocarbon gas liquids, according to the most recent data available. That’s an increase of 17 percent, or 543,000 barrels per day, from the same time last year, the Energy Information Administration said in a newly released analysis. Nearly three-quarters of that growth came from the Gulf Coast, where refineries remain “extremely competitive” against their global counterparts...
  • Israel looks to Texas for energy investment, expertise

    09/09/2014 5:45:53 AM PDT · by thackney · 1 replies
    Fuel Fix ^ | September 9, 2014 | FuelFix.com
    Israel is hoping to lure U.S. exploration and production companies to take advantage of its new offshore opportunities. So far, Houston’s Noble Energy is the only U.S. player there, after its discovery of major gas fields below the Mediterranean Sea. Reporter Rhiannon Meyers details how Israel is searching for inspiration and expertise in Texas. “Ultimately, Texas is the hub of the global oil and gas industry,” Joshua Beagelman, who is organizing the nation’s first international oil and gas conference in the fall, told her.
  • Russia's PM Signals $40B State Help for Rosneft

    09/08/2014 10:13:26 PM PDT · by Rabin · 5 replies
    RigZone ^ | September 08, 2014 | Reuters Staff
    Russian oil production, the major source of government revenue (40 + percent) of state revenues, may decline ..., the Energy Ministry said on Monday. Russia's economy (is) heavily dependent on crude exports and on the brink of collapse. Oil production has been broadly in decline this year mostly due to the depletion of West Siberia's oilfields.
  • Vietnam building deterrent against China in disputed seas with submarines

    09/08/2014 6:15:26 PM PDT · by 2ndDivisionVet · 19 replies
    Reuters ^ | September 7, 2014 | Greg Torode, Megha Rajagopalan, Martin Petty, Tommy Wilkes & Dean Yates
    Vietnam will soon have a credible naval deterrent to China in the South China Sea in the form of Kilo-class submarines from Russia, which experts say could make Beijing think twice before pushing its much smaller neighbor around in disputed waters. A master of guerrilla warfare, Vietnam has taken possession of two of the state-of-the-art submarines and will get a third in November under a $2.6 billion deal agreed with Moscow in 2009. A final three are scheduled to be delivered within two years. While communist parties rule both Vietnam and China and annual trade has risen to $50 billion,...
  • If new EU sanctions hit energy sector, Russia may close airspace - Medvedev

    09/08/2014 9:04:06 AM PDT · by ConservingFreedom · 12 replies
    Russia Today ^ | September 08, 2014
    Prime Minister Dmitry Medvedev has warned Russia may shut its air corridors to Western airlines if the next round of European sanctions hit Russian energy companies. "If there are sanctions related to the energy sector, or further restrictions on Russia's financial sector, we will have to respond asymmetrically,” Medvedev said in an interview with the Vedomosti newspaper, published on Monday. EU ministers will gather on Monday to discuss new sanctions against Russia and are rumored to be introduced on Tuesday. The prime minister promised a strong retaliation if the West slaps Russia with more sanctions. “We could impose transport restrictions,”...