Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $7,300
8%  
Woo hoo!! And the first 8% is in!! Thank you all very much!!

Keyword: energy

Brevity: Headers | « Text »
  • Are electric cars damaging YOUR region? (Short)

    07/07/2015 4:58:19 AM PDT · by Freeport · 17 replies
    Daily Mail ^ | 6 July 2015 | Ellie Zolfagharifard
    Are electric cars damaging YOUR region? Maps reveal how EVs can be WORSE for the environment than gas-guzzling vehicles In some areas, mostly in the east of the US, the impact of charging up EVs does more harm to the environment In monetary terms, electric cars are about half-a-cent worse per mile for the environment than gas-powered cars With gas cars, the worst damage to the environment, shown in red, took place in highly-populated urban areas They have been hailed as the environmentally-friendly solution to getting around towns and cities. But new research has found electric cars have an overall...
  • Osage County Feeling Pinch of Administration's Anti-Fossil Fuel Mindset

    07/06/2015 2:21:59 PM PDT · by Osage Orange · 14 replies
    The Daily Oklahoman ^ | 7-5-2015 | The Oklahoman Editorial Board
    Osage County feeling pinch of administration's anti-fossil fuel mindset by The Oklahoman Editorial Board Published: July 5, 2015 REGULATION of energy production has long been the province of state governments, but under the Obama administration there’s been a concerted push to transfer more power to the federal government. To view the decidedly negative outcome of such a transition, look no further than Osage County, Oklahoma. Osage County is unique because members of the Osage tribe hold mineral rights under a federal treaty. Tribal shareholders are paid a percentage of the revenue from oil and gas production on the county’s 1.4...
  • Obama’s Renewable-Energy Fantasy

    07/06/2015 7:40:46 AM PDT · by george76 · 19 replies
    WSJ ^ | July 5, 2015 | Rupert Darwall
    Bill Gates recently noted that the cost of decarbonization using today’s technology is ‘beyond astronomical.’ On June 30, one day after the Supreme Court struck down the Environmental Protection Agency’s regulation of mercury emissions from power plants, resident Obama committed the United States to the goal of generating 20% of its electricity from renewable sources by 2030. This would nearly triple the amount of wind- and solar-generated electricity on the national grid. The EPA ran afoul of the law by failing to conduct a cost-benefit analysis before it acted to reduce mercury emissions from coal-power plants. There is no objective...
  • Saudi’s targeting of market share does not appear to be working

    07/06/2015 6:11:40 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | July 6, 2015 | Matt Smith
    Thirty-four years ago today, Indiana Jones was the number one movie at the box office with ‘Raiders of The Lost Ark’. 1981 was also the year in which Beyoncé was born. These two reference points are just to highlight how long ago 1981 was (even if a swashbuckling Harrison Ford doesn’t seem that distant a memory). But while the world was a very different place back in 1981, one thing is the same now as it was then: the level of Saudi Arabian oil production. According to OPEC data, Saudi oil production reached 10.3 million barrels per day in May,...
  • Iraq, Kurdistan Oil Deal Close to Collapse

    07/06/2015 4:57:49 AM PDT · by thackney · 1 replies
    Wall Street Journal ^ | July 3, 2015 | MATT BRADLEY
    An oil-sales deal between Iraq and the semiautonomous Kurdistan Regional Government is close to collapse about six months after it was signed, undermining the country’s unity as it struggles to fight Islamic State and contain an escalating financial crisis. Months of acrimony between Baghdad and Erbil, the KRG’s capital, came to a head in June, when the Kurdish side reduced the amount of oil it sold through Iraq’s state-owned Oil Marketing Company, known as SOMO, and began ramping up its independent sales of oil through the Turkish port at Ceyhan. The sales undercut an agreement struck in December that gave...
  • Did China's Stock Market Crash Just End Economic Reform?

    07/05/2015 6:43:39 PM PDT · by BenLurkin · 22 replies
    forbes ^ | 7/05/2015 @ 9:59AM
    The beauty of markets is that they have a mind of their own. For the Chinese government, this has been a tough pill to swallow. Try as it might, the Chinese government was unable to arrest the decline in the domestic stock market last week. The central bank cut benchmark interest rates and the amount of money banks must keep with it on reserve. A government investment vehicle made it known that it was buying ETFs. The securities regulator eased regulations on margin trading and the Stock Exchange cut transaction fees. Despite this, the benchmark Shanghai Composite Index declined 12%...
  • Oil prices tumble after Greek no vote to bailout, China stock market turmoil

    07/05/2015 6:55:28 PM PDT · by 2ndDivisionVet · 54 replies
    Reuters ^ | July 5, 2015 | Aaron Sheldrick and Henning Gloystein
    Oil prices fell sharply in early trading on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps over the weekend to prevent a full-blown stock market crash. In a referendum on Sunday, Greeks overwhelmingly rejected austerity measures demanded in return for bailout money, putting in doubt its continued place in the single currency and pulling down the euro EUR= in early trading on Monday. In China, stock markets face a make-or-break week after officials rolled out a series of measures to prevent a full-blown stock market crash...
  • Red-faced Pluto Full of Surprises

    07/04/2015 6:56:24 PM PDT · by BenLurkin · 11 replies
    universetoday.com ^ | on July 4, 2015 | Bob King
    On Mars, iron oxide or rust colors the planet’s soil, while Pluto’s coloration is likely caused by hydrocarbon molecules called tholins that are formed when cosmic rays and solar ultraviolet light interact with methane in Pluto’s atmosphere and on its surface. Airborne tholins fall out of the atmosphere and coat the surface with a reddish gunk ... “Pluto’s reddish color has been known for decades, but New Horizons is now allowing us to correlate the color of different places on the surface with their geology and soon, with their compositions,” said New Horizons principal investigator Alan Stern of the Southwest...
  • As Saudis Keep Pumping, Thirst for Domestic Oil Swells

    07/03/2015 4:39:13 AM PDT · by thackney · 3 replies
    Wall Street Journal ^ | July 2, 2015 | SUMMER SAID and AHMED AL OMRAN
    Saudi Arabia is poised to break records for oil production this summer, analysts said, as domestic-energy needs soar during its scorching summer and the holy month of Ramadan and threaten its ability to ramp up exports. Saudi Arabia has said it produced a near-record 10.3 million barrels a day in May, a mark that industry observers said could increase to 11 million barrels this summer as air-conditioning use increases with temperatures reaching 110 degrees Fahrenheit. The country has the ability to produce 12.3 million barrels a day for 90 days, but it has never pumped this much. Saudi output averaged...
  • Pence says Indiana will not comply with coal plant regulations

    07/03/2015 4:20:10 AM PDT · by thackney · 34 replies
    Power Engineering ^ | 07/01/2015 | Power Engineering
    Indiana will not comply with President Barack Obama's plan to battle climate change by requiring reductions in emissions from coal-fired power plants, Republican Gov. Mike Pence said Wednesday. The proposal as currently written, known as the Clean Power Plan, will make Indiana electricity more expensive and less reliable and hurt economic growth in Indiana and across the nation, Pence wrote in a letter to Obama. The plan targets pollution from the coal-fired power plants that Indiana relies on. Pence said the Indiana coal industry employs more than 26,000 people. "If your administration proceeds to finalize the Clean Power Plan, and...
  • U.S. oil rig count jumps up by a dozen, the first increase in 2015

    07/02/2015 12:59:11 PM PDT · by thackney · 7 replies
    Fuel Fix ^ | July 2, 2015 | Jordan Blum
    The amount of U.S. rigs drilling for oil increased for the first time this year after 29 consecutive weeks of declines. The number of actively drilling oil rigs jumped by 12 this week after several weeks of small decreases, which had indicated the streak of rigs being taken offline was nearing its end. The overall rig count, however, only grew by three rigs, because nine rigs drilling mostly for gas were taken out of service, according to data from oil services provider Baker Hughes. That is a switch from last week when three oil rigs were lost, but the gas-focused...
  • Obama administration delivers big blow to Shell’s Arctic drilling plans

    07/02/2015 5:25:39 AM PDT · by thackney · 10 replies
    Fuel Fix ^ | June 30, 2015 | Jennifer A. Dlouhy
    The Obama administration delivered a major blow to Shell’s Arctic drilling plans on Tuesday, by ruling that wildlife protections bar the company from simultaneously boring two wells into the Chukchi Sea this summer. The decision will force Shell to scale back its hopes of completing two exploratory oil wells in waters north of Alaska this summer and is another setback for the firm that has spent seven years and $7 billion trying to find crude in the Arctic Ocean. At issue is the Fish and Wildlife Service’s decision to allow sound from Shell’s planned drilling to disturb walruses, polar bears...
  • Fossil fuels have made up at least 80% of U.S. fuel mix since 1900

    07/02/2015 5:20:44 AM PDT · by thackney · 6 replies
    Energy Information Administration ^ | JULY 2, 2015 | Energy Information Administration
    While the energy history of the United States is one of significant change, three fossil fuel sources—petroleum, natural gas, and coal—have made up at least 80% of total U.S. energy consumption for more than 100 years. Recent increases in the domestic production of petroleum liquids and natural gas prompted shifts between the uses of fossil fuels (largely from coal-fired to natural gas-fired power generation), but the predominance of these three energy sources is likely to continue into the future. For the first several decades of American history, families used wood (a renewable energy source) as a primary source of energy....
  • Court: Oklahoma woman can sue fracking company for causing earthquakes

    07/01/2015 7:28:33 PM PDT · by SeekAndFind · 15 replies
    Hotair ^ | 07/01/2015 | Jazz Shaw
    If you read the title there’s not much more of an intro to do, really. Let’s just get to the case. Oklahoma’s Supreme Court said New Dominion LLC can be sued for damage caused by an earthquake that a woman blames on disposal wells tied to fracking, in what may be the first such case to head to a jury trial.Sandra Ladra sued New Dominion and Spess Oil Co. for injuries suffered to her knees and legs in November 2011, when a 5.0 magnitude earthquake struck near her home in central Oklahoma. She said the tremor caused the rock...
  • Toyota’s new hydrogen-powered car has a record-setting range

    07/01/2015 2:37:08 PM PDT · by SeekAndFind · 32 replies
    Business Insider ^ | 07/01/2015 | Graham Rapier
    Toyota has been very vocal about its lofty plans for the new Mirai. After severing ties with Tesla in 2014, Toyota has shifted its focus toward fuel cells and away from all-electric cars. On Wednesday, Toyota announced that the Mirai had achieved an EPA-estimated range of 312 miles. That’s the longest range of any zero-emission vehicle on the market today, including electric vehicles. “Toyota realized in the early 90’s that electrification was key to the future of the automobile,” said Toyota’s North America CEO Jim Lentz in a statement “Just as the Prius introduced hybrid-electric vehicles to millions of customers...
  • Oklahoma court rules earthquake victim can sue oil companies

    07/01/2015 7:40:36 AM PDT · by markomalley · 13 replies
    Reuters ^ | 6-30-15 | Yeganeh Torbati
    An Oklahoma woman who was injured when an earthquake rocked her home in 2011 can sue oil companies for damages, the state's highest court ruled on Tuesday, opening the door to other potential lawsuits against the state's energy companies. Oklahoma has experienced a dramatic spike in earthquakes in the last five years, and researchers have blamed the oil and gas industry's practice of injecting massive volumes of saltwater left over from oil and gas drilling. The state saw nearly 600 quakes of magnitude 3.0 or greater in 2014, compared to just one or two per year prior to 2009, according...
  • Houston among top cities to find a job, despite oil slump

    07/01/2015 5:38:49 AM PDT · by thackney · 4 replies
    Houston Business Journal ^ | Jun 30, 2015 | Olivia Pulsinelli
    Despite the economic effects of the oil slump, Houston is still among the top metropolitan areas to find a job, a new report says. The Bayou City was second only to Provo, Utah, according to new data compiled by Career Builder and summarized by Forbes. The list ranks the largest 150 U.S. metros based on multiple factors, including unemployment rates, job listings growth and the amount of high-paying new jobs. Raleigh, North Carolina; San Jose, California; and Salt Lake City, Utah, round out the top five. Two other Texas metros — McAllen at No. 6 and Austin at No. 9...
  • Toyota Mirai Fuel Cell Car Record 312 miles = Longest Driving Range of ANY Zero Emission Vehicle

    06/30/2015 3:29:17 PM PDT · by ckilmer · 59 replies
    businesswire ^ | June 30, 2015 02:00 PM Eastern Daylight Time
    It’s Official! Toyota Mirai Goes the Distance Hydrogen Fuel Cell Electric Vehicle Sets Record 312 miles = Longest Driving Range of ANY Zero Emission Vehicle on the Market Toyota announced at the Aspen Ideas Festival that the new Toyota Mirai will offer an EPA-estimated 67 miles per gallon equivalent city/highway/combined, and an EPA-estimated driving range rating of 312 miles on a single fill of hydrogen – the longest driving range of any zero emissions vehicle on the market. (Photo: Business Wire) Toyota announced at the Aspen Ideas Festival that the new Toyota Mirai will offer an EPA-estimated 67 miles per...
  • Samsung develops lithium-ion battery with nearly double the life

    06/30/2015 12:08:20 PM PDT · by Red Badger · 20 replies
    Phys.Org ^ | 06-30-2015 | Bob Yirka
    A team of researches affiliated with Samsung's Advanced Institute of Technology, along with colleagues from other institutions in Korea has found a way to greatly extend lithium-ion battery life. In their paper published in the journal Nature Communications, the team describes their new technique and the results they achieved using it. Consumers want their phone batteries to last longer—that is no secret, and battery life has been extended, but mostly due to improved efficiency of the electronics that depend on it. Researchers at phone companies and elsewhere have been working hard to find a way to get more power out...
  • Did green madness help create the Greek debt crisis?

    06/30/2015 7:39:20 AM PDT · by Brad from Tennessee · 14 replies
    Watts Up With That? ^ | June 30, 2015 | By Eric Worrall
    The unfolding Greek financial crisis is front page news. The repercussions – bank runs, unsustainable debts, deadlocked creditors – could easily lead to major consequences worldwide. However misconceived the Euro currency was, its downfall will be painful on a global scale. How much of Greece’s current economic problems were caused by the made Hellenic dash into renewable energy? The answer, unsurprisingly, is most likely quite a lot. Greece, like many small European economies, has placed a substantial focus on green energy, seeing it as a quick leg up into the big league – an easy way to attract generous funding...
  • Current Oil Price Slump Far From Over

    06/30/2015 10:32:51 AM PDT · by bananaman22 · 17 replies
    Oilprice.com ^ | 30-06-2015 | Arthur
    The oil price collapse of 2014-2015 began one year ago this month (Figure 1). The world crossed a boundary in which prices are not only lower now but will probably remain lower for some time. It represents a phase change like when water turns into ice: the composition is the same as before but the physical state and governing laws are different.* For oil prices, the phase change was caused mostly by the growth of a new source of supply from unconventional, expensive oil. Expensive oil made sense only because of the longest period ever of high oil prices in...
  • Current Oil Price Slump Far From Over

    06/30/2015 5:45:36 AM PDT · by expat_panama · 36 replies
    Yahoo Finance ^ | Jun 30, 2015 | Arthur Berman
    The oil price collapse of 2014-2015 began one year ago this month (Figure 1). The world crossed a boundary in which prices are not only lower now but will probably remain lower for some time. It represents a phase change like when water turns into ice: the composition is the same as before but the physical state and governing laws are different.*  [snip] A New Supply Source and Over-Production  The main cause of the price collapse of 2014-2015 was over-production of oil. Most of the increase came from unconventional  production in the United States and Canada–tight oil, oil sands and deep-water oil....
  • Four Factors Influencing the Energy Industry Labor Pool

    06/30/2015 5:51:16 AM PDT · by thackney · 2 replies
    Power Engineering ^ | 06/18/2015 | MICHAEL P. MCMAHON
    The Center for Energy Workforce Development estimates that nearly half of the electric power generation, transmission and distribution workforce may be replaced in the coming years due to baby boomer retirements. As the demographics change, the energy industry is challenged with replacing a massive number of experienced workers all at the same time. While the scope and magnitude of the issue is widely recognized, there is no single solution to the problem. A closer look at the workforce challenge reveals social, cultural, and economic factors that should be considered when forming an effective solution. The following is a look at...
  • Bragging rights: So who is the world’s top oil producer?

    06/30/2015 5:16:39 AM PDT · by thackney · 1 replies
    Platts ^ | June 30, 2015 | Robert Perkins
    Earlier this month, BP’s latest Statistical Review unintentionally reopened a debate into whether the US has regained the crown as the world’s top oil producer after decades of being out-gunned by Saudi Arabia and Russia. Ostensibly a straight-forward measure of which country tops the leaderboard on oil output, BP’s widely-read yardstick has the US eclipsing both Saudi Arabia and Russia for the first time last year since 1975. Fueled by booming shale oil, BP said, US oil output hit 11.64 million b/d last year, a narrow but decisive margin over Saudi Arabia’s 11.51 million b/d. The devil is in the...
  • Hyundai sees green future in hydrogen-powered cars

    06/29/2015 5:24:09 PM PDT · by ckilmer · 10 replies
    wtop.com ^ | June 29, 2015 6:23 am
    <p>YONGIN, South Korea (AP) — Hyundai Motor Co. said Monday it believes hydrogen fuel cell vehicles are the future for eco-friendly cars despite challenges of limited infrastructure and slow sales.</p> <p>South Korea’s largest automaker has sold or leased 273 Tucson fuel cell SUVs since beginning production in 2013, lower than its 1,000 target, mostly in Europe and California.</p>
  • New York bans fracking after years of "exhaustive research"

    06/29/2015 1:28:12 PM PDT · by Citizen Zed · 18 replies
    Oneida Dispatch ^ | 6-29-2015 | AP
    <p>New York has formalized its ban on high-volume hydraulic fracturing for natural gas after a seven-year environmental and health review.</p> <p>Department of Environmental Conservation Commissioner Joe Martens announced the decision Monday, saying a ban was the "only reasonable alternative" after "years of exhaustive research and examination of the science and facts."</p>
  • Market Tanking - Any Correlation With the Judgement We Can Now Expect? [Vanity]

    06/29/2015 11:35:44 AM PDT · by fwdude · 53 replies
    self-published | 06/29/15 | fwdude
    At last check the market (DJI) was down 254 points after a steady decline throughout the day. US Treasury yields down 14 basis points. I know, the Greek crisis. But Who orchestrates these events beyond our understanding?
  • Hillary withheld emails on Benghazi & Libyan oil - altered others to downplay sharia

    06/29/2015 12:07:55 PM PDT · by Sean_Anthony · 19 replies
    Canada Free Press ^ | 06/29/15 | Robert Laurie
    If the White House is disgusted with anything, it's that she got caught According to a report published this weekend, not only did Hillary lie about the YouTube video but she also lied when she said she turned over all of her non-personal emails. ....And at least a few of the emails that she did manage to turn over were sanitized to downplay some politically uncomfortable realities. As the Washington Examiner reports: Hillary Clinton withheld Benghazi-related emails from the State Department that detailed her knowledge of the scramble for oil contracts in Libya and the shortcomings of the NATO-led military...
  • How Greece Crisis Could Drag Oil Prices Down

    06/29/2015 9:54:41 AM PDT · by bananaman22 · 8 replies
    Oilprice.com ^ | 29-06-2015 | Grexit
    The Greek tragedy is reaching its climax. The discussions between Greece and its European creditors broke down over the weekend, with the two sides still at an impasse. Greek Prime Minister Alexis Tsipras balked at deeper austerity cuts to the Greek economy, cuts that are a prerequisite for further help from Berlin and Brussels. As a result, Greece is approaching the precipice. With a massive debt payment due on June 30 to the IMF, Greece could default. The extent of the fallout is anybody’s guess, but Greece could see the value of its bonds plummet, putting its banks in crisis,...
  • Supreme Court overturns landmark EPA air pollution rule

    06/29/2015 10:22:22 AM PDT · by Cincinatus' Wife · 39 replies
    The Hill ^ | June 29, 2015 | Timothy Cama and Lydia Wheeler
    The Supreme Court overturned the Obama administration’s landmark air quality rule on Monday, ruling the Environmental Protection Agency did not properly consider the costs of the regulation. In a 5-4 ruling, the justices ruled that the EPA should have taken into account the costs to utilities and others in the power sector before even deciding whether to set limits for the toxic air pollutants it regulated in 2011. The case, Michigan v. EPA, centers on the EPA’s first limits on mercury, arsenic and acid gases emitted by coal-fired power plants, known as mercury and air toxics (MATS). Opponents, including the...
  • Supreme Court rules against EPA on pollution rules

    06/29/2015 7:44:32 AM PDT · by sheikdetailfeather · 79 replies
    Washington Examiner ^ | 6-29-2015 | John Siciliano
    The Supreme Court ruled 5-4 against Environmental Protection Agency pollution rules for power plants Monday, in a blow to President Obama's environmental agenda. The EPA rules in question regulate hazardous air pollutants and mercury from coal- and oil-fired power plants, known as the MATS regulations. The regulations went into effect April 16. The utility industry argues that the rules cost them billions of dollars to comply and that EPA ignored the cost issue in putting the regulations into effect. Many of the companies have either made the investments or closed power plants to comply. If the investments necessary to upgrade...
  • The Supreme Court handed Obama a significant loss on one of his biggest environmental initiatives

    06/29/2015 8:36:41 AM PDT · by SeekAndFind · 33 replies
    Business Insider ^ | 06/29/2015 | BRETT LOGIURATO
    A divided Supreme Court on Monday dealt a significant blow to the Obama administration's environmental agenda, invalidating a rule that would limit the release of mercury and other pollutants from power plants. In a 5-4 ruling, the Court found that the Environmental Protection Agency did not appropriately consider the costs to utility companies when handing down the rule under the Clean Air Act. "We hold that EPA interpreted unreasonably when it deemed cost irrelevant to the decision to regulate power plants," Justice Antonin Scalia wrote in the court's majority opinion. Scalia was joined by the four conservative justices in his...
  • U.S. Manufacturing costs are almost as low as China’s, and that’s a very big deal

    06/29/2015 8:41:40 AM PDT · by thackney · 47 replies
    Fortune ^ | JUNE 26, 2015 | Brian Dumaine
    “Made in the U.S.A” is becoming more affordable. The reason? Fracking. You don’t need to a Nobel Prize in economics to know that the fracking revolution has been good for the U.S. What’s not so well known is just how competitive cheap oil and gas has made American manufacturing. BCG, the Boston consultancy, estimates the average cost to manufacture goods in the U.S. is now only 5% higher than in China and is actually 10% to 20% lower than in major European economies. Even more striking: BCG projects that by 2018 it will be 2% to 3% cheaper to make...
  • Supreme Court rules against EPA power plant mercury limits

    06/29/2015 8:35:03 AM PDT · by thackney
    Fuel Fix ^ | June 29, 2015 | Associated Press
    The Supreme Court has ruled against federal regulators’ attempt to limit power plant emissions of mercury and other hazardous air pollutants. The rules began to take effect in April, but the court said by a 5-4 vote Monday that the Environmental Protection Agency failed to take their cost into account when the agency first decided to regulate the toxic emissions from coal- and oil-fired plants.
  • Foreign companies helping fund U.S. petrochemical expansions, analysis finds

    06/29/2015 4:23:29 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | June 26, 2015 | Rhiannon Meyers
    Foreign investors are helping fuel the U.S. petrochemical renaissance, as overseas companies scramble to take advantage of the surge of cheap domestic natural gas, according to a new industry analysis. Twelve of the 25 companies proposing to build or expand ethane crackers in the United States are international firms, underscoring the competitive advantage the U.S. continues to reap from the shale boom, according to Petrochemical Update, which analyzes construction trends for the petrochemical industry. Foreign interest in the U.S. petrochemical industry spiked after advances in horizontal drilling and hydraulic fracturing unleashed a wave of natural gas. Prices collapsed, quickly transforming...
  • Bill Gates Has Spent $1 Billion on Renewable Energy -- And He Wants to Spend Even More

    06/28/2015 3:19:26 PM PDT · by ckilmer · 63 replies
    entrepreneur.com ^ | June 26, 2015 | Geoffrey Smith
    <p>Bill Gates reckons he has already dropped a cool $1 billion on investments in renewable energy technologies. Now he’s looking to double that.</p> <p>Gates, who according to Forbes will still have at least $78 billion left even after he’s placed his new bets, said in an interview with the Financial Times that investing in radical, ‘wild-eyed’ energy tech companies is the only way that the world is going to get the solution to climate change at an affordable economic cost.</p>
  • U.S. Manufacturing costs are almost as low as China’s, and that’s a very big deal

    06/27/2015 4:17:30 AM PDT · by 2ndDivisionVet · 31 replies
    Fortune ^ | June 26, 2015 | Brian Dumaine
    “Made in the U.S.A” is becoming more affordable. The reason? Fracking.You don’t need to a Nobel Prize in economics to know that the fracking revolution has been good for the U.S. What’s not so well known is just how competitive cheap oil and gas has made American manufacturing. BCG, the Boston consultancy, estimates the average cost to manufacture goods in the U.S. is now only 5% higher than in China and is actually 10% to 20% lower than in major European economies. Even more striking: BCG projects that by 2018 it will be 2% to 3% cheaper to make stuff...
  • Marcellus Shale region to see wave of large pipeline projects

    06/26/2015 5:43:27 AM PDT · by thackney · 12 replies
    PowerSource P-G ^ | June 23, 2015 | Stephanie Ritenbaugh
    Over the next three years, the Marcellus Shale region can expect to see about 17 pipeline projects meant to ship about 17.3 billion cubic feet per day of natural gas out of Pennsylvania, West Virginia and Ohio to end-users, according to IHS Energy. Those destinations “are varied, and in addition to New England, some are targeting the Midwest, eastern Canada and the South,” said Matthew Piatek, associate director of North American natural gas for IHS, which tracks energy markets. “Given the amount of production in the tri-state area currently, it will be able to satisfy the lion’s share of Mid-Atlantic...
  • Where is the Oil?

    06/26/2015 5:37:02 AM PDT · by thackney · 10 replies
    Real Clear Energy ^ | June 25, 2015 | Phil Verleger
    For several months, oil market pundits (economists, analysts, company spokespeople, and government officials) have warned of a developing global crude oil surplus. Early this year, IEA economists even asserted world storage capacity might be exhausted. Today pundits still suggest we will confront a serious imbalance by year’s end. The market data do not reflect these views. Since Saint Patrick’s Day, prices have increased as much as thirty-seven percent from their recent lows. Some of the rise can be attributed to passive investor and speculator buying. However, speculation is not the whole story. The sharp contango (when a future market price...
  • Debate intensifies over the nation’s gas pipeline needs

    06/25/2015 1:07:53 PM PDT · by thackney · 4 replies
    Fuel Fix ^ | June 25, 2015 | Jordan Blum
    The numerous pipeline projects already in the works are more than sufficient to handle the increased natural gas demands in the U.S., with a federal push to limit carbon emissions, according to a new report from the Advanced Energy Economy Institute that urges for more clean power solutions. The new report attempts to counter claims by the North American Electric Reliability Corp. and other stakeholders that contend the nation’s increasing reliance on cheap natural gas for electricity will require more pipeline and power generation capacity. Such critics say the problems will be exacerbated and the nation’s grid reliability will suffer...
  • U.S. refinery capacity reaches 18 million barrels per day

    06/25/2015 9:48:54 AM PDT · by thackney · 6 replies
    Energy Information Administration ^ | June 24, 2015 | Energy Information Administration
    U.S. operable atmospheric crude distillation (CDU) capacity increased by 0.2% in 2014, reaching 18.0 million barrels per calendar day (b/d) according to EIA's recently released annual Refinery Capacity Report (Figure 1). This was the second consecutive year of modest capacity growth following the 2.9% increase in 2012 that resulted from the restart of East Coast refineries that had closed in 2011. The capacities of secondary units that support heavy crude processing and production of ultra-low sulfur diesel and gasoline, including thermal cracking (coking), catalytic hydrocracking, and hydrotreating/desulfurization, also increased. The refinery capacity reported for the start of 2015 includes expansions...
  • Rigzone 2Q Survey Reveals Oil, Gas Companies Reluctant to Hire

    06/25/2015 9:40:23 AM PDT · by thackney · 4 replies
    Rig Zone ^ | 6/25/2015 | Valerie Jones|
    Still grappling with market uncertainty, 51 percent of global hiring managers decreased their hiring efforts in the past three months, according to Rigzone’s latest global hiring survey. Additionally, 13 percent have completely frozen their recruitment plans. Since oil prices bottomed out in mid-March, the industry has seen slight increases in oil price per barrel, but not enough for oil and gas companies to feel comfortable enough to actively increase hiring plans in the near future, the survey revealed. In fact, 54 percent of global hiring managers said they believe job cuts are more likely in the next six months and...
  • NCBA warns of lawsuit over Waters of the U.S.

    06/25/2015 9:18:56 AM PDT · by george76 · 13 replies
    Farm Futures ^ | Jun 23, 2015
    NCBA will engage EPA in lawsuit alleging overreach in Waters of the U.S. rule, group says. Concerns of cattlemen regarding the U.S. EPA and Army Corps of Engineers Waters of the U.S. rule released last month are coming true, National Cattlemen's Beef Association Vice President of Government Affairs Colin Woodall said Tuesday, but that's actually generating more support for repeal efforts. We just got some more feedback this last weekend that it's the determination of the EPA that any stock tank or pond that runs around in a flooding type event would be considered a 'water of the United States,'"...
  • Wyoming federal judge blocks federal fracking rules

    06/24/2015 10:03:53 PM PDT · by 2ndDivisionVet · 1 replies
    Hot Air ^ | June 24, 2015 | Jazz Shaw
    The new Bureau of Land Management rules regarding fracking on federal lands were just about to go into effect this month, pleasing environmental activists no end since it would make the process essentially untenable. But several states, along with energy company interests, had filed suit to protest the excessively heavy handed rules and a federal judge has now shut down the implementation of these restrictions pending further review. A federal judge in Wyoming has temporarily blocked implementation of the Obama administrationÂ’s regulations for hydraulic fracturing on federal land, hours before they were set to take effect. The late Tuesday decision...
  • North Dakota tribal panel wants to regulate oil development

    06/24/2015 1:11:02 PM PDT · by Citizen Zed · 5 replies
    Kansas City Star ^ | 6-24-2015 | JAMES MACPHERSON, AP
    BISMARCK, N.D. Tribal leaders from an oil-prolific portion of North Dakota's Fort Berthold Reservation say they can't count on federal or state regulators — or their own tribal government — to monitor the boom, so they are moving to do it themselves. Industry officials question whether the tribe has the jurisdiction to impose such rules and warned the change could severely slow oil production on the reservation, which accounts for about a third of the state's 1.1 million barrels of daily oil production. Lone Fight and other tribal leaders from the region said they are fed up with everything from...
  • Black Chamber of Commerce: EPA Clean Air Plan Will Increase Black Poverty 23%, Strip .. Black Jobs

    06/24/2015 9:55:43 AM PDT · by george76 · 50 replies
    CNS News ^ | June 24, 2015 | Ali Meyer
    A study commissioned by the National Black Chamber of Commerce, which represents 2.1 million black-owned businesses in the United States, found that the Environmental Protection Agency’s (EPA) Clean Power Plan would increase black poverty by 23 percent and cause the loss of 7 million jobs for black Americans by 2035. The study also found that the EPA' plan would increase Hispanic poverty by 26 percent and cause the loss of 12 million jobs for Hispanic Americans by 2035. The EPA proposed the Clean Power Plan on June 2, 2014 to cut carbon emissions from power plants. ... There was a...
  • Chuck Schumer: Carbon tax has a chance if Clinton wins

    06/24/2015 6:28:08 AM PDT · by Oldeconomybuyer · 12 replies
    Politico ^ | June 23, 2015 | By ELANA SCHOR
    Sen. Chuck Schumer outlined a path Tuesday for Hillary Clinton to enact a carbon tax if the Democrats prevail in the 2016 elections. Schumer said that a Clinton presidency and the return of his party to the Senate majority in 2017 could pave the way for lawmakers to enact a carbon tax to help fund the government. The mere suggestion of a new fee on the emissions blamed for climate change, however, could become a political headache for Clinton and other Democrats, and it’s routinely dismissed by Republicans. Schumer also vowed that Democrats would successfully defend President Barack Obama’s landmark...
  • ARMENIA: Thousands Protest In Yerevan Against Electricity Prices [VIDEO] [LIVE STREAM]

    06/24/2015 5:21:03 AM PDT · by UMCRevMom@aol.com · 3 replies
    Several thousand people have been protesting in the Armenian capital against rising electricity prices. The protesters marched on June 22 from Yerevan's central Freedom Square toward the presidential palace, but were stopped on Baghramyan Avenue by riot police backed by water cannons. At about 8 p.m. local time, the protesters sat on the road, blocking traffic. Police said the protest march was "unlawful" and warned that they would disperse the rally. Around midnight, police asked protesters to return to Freedom Square. Authorities turned off the street lights, prompting protest coordinators to demand that they turn them back on. Police later...
  • Judge postpones Obama administration’s fracking rule from taking effect

    06/24/2015 5:32:16 AM PDT · by bestintxas · 4 replies
    wash times ^ | 6/23/15 | v richardson
    A federal judge agreed Tuesday to postpone the Obama administration’s tough new hydraulic fracturing restrictions just hours before they were scheduled to take effect. U.S. District Court Judge Scott Skavdahl in Casper, Wyoming, gave both sides another week to submit arguments and citations before making a final decision on the request for a stay, which is expected July 22. Four Western states — Colorado, North Dakota, Utah and Wyoming — along with two oil and gas industry groups had asked the court to delay the Bureau of Land Management rule slated to kick in Wednesday until their lawsuits could be...
  • ‘Saudi Cables release is just one tenth of what we have’ – WikiLeaks to RT

    06/23/2015 9:26:07 PM PDT · by 2ndDivisionVet · 4 replies
    RT ^ | June 23, 2015
    Journalists have established the authenticity of the first tranche of the top secret Saudi documents published by WikiLeaks, as Saudi Arabia has warned not to distribute them, spokesperson for the WikiLeaks told RT adding that ‘it’s just the beginning.’ “We are seeing how the oil money is being used to increase influence of Saudi Arabia which is substantial of course - this is ally of the US and the UK. And since this spring it has been waging war in neighboring Yemen,” Icelandic investigative journalist and spokesperson for the WikiLeaks organization Kristinn Hrafnsson told RT. On Friday, the whistleblowing website...