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Keyword: fracking

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  • Putin says oil wars with Russia will make West bleed

    04/17/2014 7:34:50 AM PDT · by kronos77 · 20 replies
    Opportunities for the West to hurt the Russian economy are limited, President Vladimir Putin said Thursday. Europe cannot stop buying Russian gas without inflicting pain on itself, and if the US tries to lower oil prices, the dollar will suffer. If the West tries to damage Russia’s influence in the world energy market, efforts will likely backfire, the Russian President said during his twelfth annual televised question and answer session. To really influence the world oil market a country would need to increase production and cut prices, which currently only Saudi Arabia could afford, Putin said. The president added he...
  • Hydraulic Fracturing: Staying Afloat in Times of Tightening Water Supply

    04/16/2014 4:53:49 PM PDT · by thackney · 7 replies
    Rig Zone ^ | April 16, 2014 | Gene Lockard|
    One of the criticisms levied against hydraulic fracturing, particularly during recent periods of drought, is the amount of water used in the process. However, energy companies are seeking to reduce water use during hydraulic fracturing, even as research shows more water is used in other activities. The numbers put things into perspective. The amount of water used to frack a well varies, but most reporting entities put the figure in a range of about 3 to 6 million gallons of water. In Pennsylvania, the average amount of water per well is about 4.4 million gallons, according to State Impact Pennsylvania,...
  • Was Stopping Nevada’s Fracking Rush Behind the Bundy Showdown?

    04/14/2014 8:36:46 PM PDT · by 2ndDivisionVet · 12 replies
    Somewhat Reasonable blog ^ | April 14, 2014 | Marita Noon
    The story of rancher Cliven Bundy has captured an abundance of media attention and attracted supporters from across the West, who relate to the struggle against the federal management of lands. Bundy’s sister, Susan, was asked: “Who’s behind the uproar?” She blamed the Sierra Club, then Senator Harry Reid (D-NV), and then President Obama. She concluded her comments with: “It’s all about control”—a sentiment that is frequently expressed regarding actions taken in response to some endangered-species claim. An Associated Press report describes Bundy’s battle this way: “The current showdown pits rancher Cliven Bundy’s claims of ancestral rights to graze his...
  • OIL FRACKING LEASES Reason For Bundy Ranch Fiasco in Nevada NOT 'Desert Tortoise!

    04/11/2014 8:34:41 AM PDT · by Kackikat · 259 replies
    The Survival Place Blog ^ | Aprol 11, 2014 | kackikat
    "The Bureau of Land Management has just cashed in with $1.27 million in oil and gas leases in Nevada. This was just reported two weeks ago in ShaleReporter.com, which states: U.S. Bureau of Land Management geologist Lorenzo Trimble tells the Las Vegas Review-Journal the Elko County oil and gas leases sold Tuesday for $1.27 million to six different companies. The auction took place in Reno. The leases are near where Houston-based Noble Energy Inc. wants to drill for oil and natural gas on 40,000 acres of public and private land near the town of Wells. The Review-Journal reports the project...
  • Oil companies pay $630M in Pennsylvania drilling fees

    04/09/2014 5:35:05 AM PDT · by thackney · 11 replies
    Fuel Fix ^ | April 8, 2014 | Collin Eaton
    Anadarko Petroleum, Chesapeake Energy and others will pay the state of Pennsylvania about $225 million in fees this year for drilling in the gas-rich Marcellus Shale — too little, according to critics of the state law setting the fee say. The fees, enacted in 2012, flow to local governments to fund basic needs like bridges, roads, firefighting equipment and environmental programs. By the end of the year, the recurring charges on nearly 6,500 natural gas wells will have brought more than $630 million to state coffers. “We are building a stronger Pennsylvania by harnessing our abundant resources to create jobs...
  • Amid showdown with energy-rich Russia, calls rise in Europe to start fracking

    04/08/2014 12:57:07 AM PDT · by Brad from Tennessee · 8 replies
    Washington Post ^ | April 7, 2014 | By Griff Witte and Anthony Faiola
    FERNHURST, England — Europe’s newest weapon in the battle of wills with Russian President Vladimir Putin lies buried deep beneath the ancient oaks and rolling green pastures of this quintessentially English village. There, wedged in the bedrock, lie vast quantities of oil and natural gas — enough, when combined with the spoils of hundreds of other sites like it, to help kick Europe’s addiction to Russian energy. Or so says David Cameron. Ever since Russian forces took hold of Crimea last month, the British prime minister has been leading a chorus of conservative politicians and energy executives in a refrain...
  • Series of small earthquakes rock Oklahoma in record seismic activity

    04/05/2014 10:12:26 PM PDT · by Crazieman · 20 replies
    Roto-Reuters ^ | 04/05/2014 | Carey Gillam
    Earthquakes rattled residents in Oklahoma on Saturday, the latest in a series that have put the state on track for record quake activity this year, which some seismologists say may be tied to oil and gas exploration. One earthquake recorded at 3.8 magnitude by the U.S. Geological Survey rocked houses in several communities around central Oklahoma at 7:42 a.m. local time. Another about two hours earlier in the same part of the state, north of Oklahoma City, was recorded at 2.9 magnitude, USGS said. Those two were preceded by two more, at 2.6 magnitude, and 2.5 magnitude, that also rolled...
  • House Dems Want EPA to Reopen Investigation on Fracking

    04/03/2014 5:35:31 PM PDT · by Up Yours Marxists · 20 replies
    OilPrice.com ^ | April 03, 2014 20:22 GMT | Nick Cunningham
    Eight House Democrats sent a letter to the U.S. Environmental Protection Agency on April 1, requesting the agency reopen an investigation into the effects of fracking on groundwater contamination. Specifically, there were three major cases of suspected contamination – in Wyoming, Pennsylvania, and Texas – and the EPA has largely abandoned the issue and left regulation to the states. The Democrats called on the EPA to step up and protect communities in those states from the effects of fracking. “While we appreciate that states act as the major source of regulation for unconventional drilling operations, we believe the Environmental Protection...
  • Environment minister: Make fracking illegal (Germany)

    04/01/2014 2:18:26 PM PDT · by Olog-hai · 8 replies
    TheLocal.de ^ | 01 Apr 2014 12:45 GMT+02:00 | (DPA/The Local)
    Germany’s environment minister has called for the controversial gas extraction technique known as “fracking” to be made illegal. Her comments came ahead of an emergency energy summit. The country’s 16 state premiers were set to meet on Tuesday evening in Berlin in an attempt to smooth over disagreements around the financing of the country's switch over to renewable energy, known as the Energiewende. Ahead of the meeting, Environment Minister Barbara Hendricks said Germany should never consider turning to fracking as a solution for its energy needs, despite the success of the technology in the USA. Fracking involves blasting water mixed...
  • State of Oil and Gas: We're Creating the Jobs

    03/28/2014 8:01:33 AM PDT · by shove_it · 5 replies
    Linkedin ^ | 24 Mar 2014 | T. Boone Pickens
    [...] Less than a decade ago, a pervasive theory marked the industry, and it was one of global “peak oil.” I was a member of that club, believing U.S. oil production had “peaked” in 1970 and were in irreversible decline here, and elsewhere. How wrong we were. The industry, driven by the innovation that marks private enterprise, has – once again – innovated. With stunning technological advances (chiefly the combination of fracking and horizontal drilling), we now have more energy reserves that any other nation on earth. Not only that, we have the cheapest in the world, too. Today, the...
  • Oil giant cutting jobs in Kern County

    03/28/2014 6:50:23 AM PDT · by umgud · 26 replies
    Kern Golden Empire ^ | 3/28/14 | staff
    BAKERSFIELD, CA -- As far as jobs are concerned, it could be the first tangible fallout from legislation to beef up oilfield fracking regulations in California. Baker Hughes Incorporated announced Thursday afternoon it will release or redeploy 110 workers in its western region due to what it called "declining market needs." Rick Pierruci, the company's managing director for the western region says the reduction in force is largely due to the recent passing of California Senate Bill 4, which further regulates hydraulic fracturing operations, causing a slow-down of related activity for the oil and gas industry. Bottom line, the oil...
  • Obama tells EU to do more to cut reliance on Russian gas

    03/26/2014 7:40:00 PM PDT · by blueplum · 25 replies
    Reuters ^ | Marcg 26, 2014 1:22pm EDT | ROBIN EMMOTT AND JAN STRUPCZEWSKI
    (Additional reporting by Adrian Croft, Jeff Mason and Steve Holland; Editing by Kevin Liffey and Paul Taylor) (Reuters) - U.S. President Barack Obama told the European Union on Wednesday it cannot rely on the United States alone to reduce its dependency on Russian energy, as relations with Moscow chill over its seizure of Crimea from Ukraine. Speaking on a visit to Brussels to discuss trade relations and the Ukraine crisis, Obama said concluding a new transatlantic trade pact, now under negotiation, would make it easier for Washington to license more gas exports. :snip: During a 65-minute lunch, European Council President...
  • Fracking City has Lowest Unemployment Rate, Solar City has Highest Unemployment

    03/24/2014 9:01:27 AM PDT · by SeekAndFind · 38 replies
    FrontPage Mag ^ | 03/24/2014 | Daniel Greenfield
    Forget building this city on Rock and Roll and try Fracking instead. Just don’t try building it on solar power, wind power or pixie dust. The U.S. metro area with the lowest unemployment rate is a shale oil boomtown. The one with the highest unemployment rate houses the world’s largest solar plant.According to data released on Friday by the Bureau of Labor Statistics (BLS), Midland, Texas, has a 2.9 percent unemployment rate, the lowest in the country. Midland sits above the Permian Basin Shale, a massive formation that constitutes a large chunk of Texas’ booming shale oil industry.The West Texas...
  • To Frack or Not to Frack, That is the Question

    03/23/2014 11:15:57 AM PDT · by Kaslin · 44 replies
    Townhall.com ^ | March 23, 2014 | Bruce Bialosky
    Five years ago almost no one knew the term – Fracking. Today it is one of the hottest topics in America and has become one of our hottest political footballs. The question is whether the fracking process harms underground water. It depends on who you ask. Josh Fox received money from HBO to make a movie called Gasland. The documentary reached great heights as it was nominated for an Academy Award for best documentary based on a small theatrical release. Josh Fox, a little known theater director, became a darling of the anti-fracking movement. The highlight of his film was...
  • America’s financial standing with rest of world best since 1999

    03/22/2014 10:51:14 PM PDT · by ckilmer · 50 replies
    marketwatch ^ | March 19, 2014, 10:37 AM | Jeffry Bartash
    America’s financial standing with rest of world best since 1999
  • Wildcatters rush Spindletop in return to East Texas oil

    03/21/2014 11:44:38 AM PDT · by ckilmer · 19 replies
    sunherald ^ | March 20, 2014 | BRADLEY OLSON and DAVID WETHE
    Wildcatters rush Spindletop in return to East Texas oil Wildcatters rush Spindletop in return to East Texas in search of oil By BRADLEY OLSON and DAVID WETHE   David Wethe/Bloomberg News'I never thought I'd go back to East Texas,' says Mark Plummer, a third-generation oilman who grew up hearing stories about his grandfather's days in the oil patch, fields thought to be long played out by the time Plummer arrived in 2000 with his own company, Chestnut Exploration & Production. DAVID WETHE — BLOOMBERG   HOUSTON -- From the storied King Ranch near the Mexican border to the 1901 Spindletop well in East Texas...
  • Los Angeles City Council Blames Fracking for Earthquake

    03/20/2014 6:43:38 AM PDT · by SeekAndFind · 40 replies
    National Review ^ | 03/20/2014 | Alec Torres
    Los Angeles City Council members have discovered how to cause earthquakes. Three councilmen think fracking may be the cause of Monday’s earthquake in the Santa Monica Mountains, and they want the city, state, and feds to do an in-depth review. Councilmen Paul Koretz, Mike Bonin, and Bernard Parks Tuesday introduced a motion calling for the city, the U.S. Geological Survey, the South Coast Air Quality Management District, and the California Division of Oil, Gas, and Geothermal Resources to report on whether hydraulic fracturing caused the moderate 4.4-magnitude earthquake, the Los Angeles Times reports. “It is crucial to the health and...
  • Did 'fracking' play role in L.A. earthquake? Councilmen want to know

    03/19/2014 12:36:04 PM PDT · by SeekAndFind · 78 replies
    Los Angeles Times ^ | 03/19/2014 | Emily Alpert Reyes
    Three Los Angeles City Council members want city, state and federal groups to look into whether hydraulic fracturing and other forms of oil and gas “well stimulation” played any role in the earthquake that rattled the city early Monday morning. The motion, presented Tuesday by Councilmen Paul Koretz and Mike Bonin and seconded by Councilman Bernard Parks, asks for city departments to team up with the California Division of Oil, Gas and Geothermal Resources, the U.S. Geological Survey and the South Coast Air Quality Management District to report back on the likelihood that such activities contributed to the 4.4-magnitude quake....
  • US energy boom demands $641B in infrastructure, study finds

    03/19/2014 5:07:05 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | March 18, 2014 | Jennifer A. Dlouhy
    Companies will need to invest $641 billion over the next two decades in pipelines, pumps and other infrastructure to keep up with the gas, crude oil and natural gas liquids flowing from U.S. fields, according to a study released Tuesday. The analysis, prepared by ICF International for two natural gas advocacy groups, predicts that $30 billion worth of new midstream infrastructure will be needed each year through 2035 — essentially triple the $10 billion in average annual investments over the past decade. “We’re in a heavy growth period right now, said Kevin Petak, an economist with ICF who authored the...
  • Thanks to Fracking, U.S. Will Pass Saudi Arabia In Oil Production

    03/12/2014 3:59:46 PM PDT · by VitacoreVision · 15 replies
    The New American ^ | 12 March 2014 | Warren Mass
    Thanks to Fracking, U.S. Will Pass Saudi Arabia In Oil Production 12 March 2014 Thanks to fracking, or hydraulic fracturing, a process used to extract oil from shale, the United States will soon pass Saudi Arabia as the world’s largest oil producer....
  • Exxon Mobil bearish on shale drilling abroad

    03/11/2014 8:54:23 PM PDT · by ckilmer · 6 replies
    dallasnews ^ | 12:37 pm on March 5, 2014 | James Osborne
    Exxon Mobil bearish on shale drilling abroad
  • Fracking is turning the US into a bigger oil producer than Saudi Arabia [link only]

    03/11/2014 3:17:24 PM PDT · by grundle · 11 replies
    independent.co.uk [link only] | March 11, 2014 | David Usborne
    http://www.independent.co.uk/news/world/americas/fracking-is-turning-the-us-into-a-bigger-oil-producer-than-saudi-arabia-9185133.html
  • Kasich calls for income tax cut, hike on cigarette tax

    03/11/2014 2:11:59 PM PDT · by DallasBiff · 122 replies
    Columbus Dispatch ^ | 3/11/14 | Joe Vardon. Jim Siegal
    The net for Ohioans is a $174 million tax cut over the next three years. Kasich proposes funding an 8.5 percent income tax-cut for all tax brackets — a $2.2 billion reduction over the next three years — by raising the state’s tax on a pack of cigarettes 60 cents, from $1.25 to $1.85, while also taxing other tobacco products, including electronic cigarettes, at an equivalent rate. That would generate about $850 million during the next three years. Kasich also wants to raise the Commercial Activity Tax on gross receipts for businesses from 0.26 percent to 0.3 percent, a roughly...
  • Heed Europe's Plea For U.S. Natural Gas Exports

    03/11/2014 1:04:57 PM PDT · by raptor22 · 15 replies
    IInvestor's Business Daily ^ | March 11, 2015 | IBD EDITORIALS
    Geopolitics: Four central European nations have appealed to the U.S. to increase natural gas exports should Russia cut off its supply to Ukraine. We are the superpower of energy. Time to give Vladimir Putin some gas pains. Hungary, Poland, Slovakia and the Czech Republic sent a letter Friday to House Speaker John Boehner, with a similar letter expected to be sent to Senate Majority Leader Harry Reid, asking the U.S. to expedite approval of natural-gas export applications. These nations believe a steady gas supply is key to the region's economic and geopolitical stability. Putin's Russia has used its energy resources...
  • Pioneer Flourishes in U.S. Shale Fields Where Shell Floundered

    03/11/2014 10:15:31 AM PDT · by ckilmer · 3 replies
    Pioneer Flourishes in U.S. Shale Fields Where Shell Floundered By Joe Carroll Mar 10, 2014 7:00 AM ET Pioneer Natural Resources Co. (PXD), the top energy stock in the S&P 500 last year, is tripling drilling in shale fields as international energy explorers five times its size recoil from losses on the U.S. oil renaissance.Pioneer is expanding its fleet of drilling rigs in the northern part of Texas’ Spraberry field to 16 from five this quarter after striking reservoirs so rich that some wells are expected to pump as much as 1 million barrels of crude during their lifespans. Pioneer’s...
  • Here's Why the Eagle Ford Shale Continues to Get Bigger

    03/11/2014 10:01:58 AM PDT · by ckilmer · 7 replies
    fool.com ^ | March 11, 2014 | Matt DiLallo
    Eagle Ford Shale Continues to Get BiggerBy Matt DiLallo | More Articles | Save For Later March 11, 2014 | Comments (0) Photo credit: Carrizo Oil & Gas,In addition to reporting stellar quarterly results, EOG Resources (NYSE: EOG  ) also reported a 45% surge in the company's resource potential in the Eagle Ford Shale. In the four years since the company discovered the play, it has now boosted the recovery potential of oil and gas from the Eagle Ford Shale by four-fold.Better data on previously drilled wells along with improved completion techniques have contributed to the boost. However, the real reason...
  • The Ukraine Crisis Is Bolstering America's Oil And Gas Boom

    03/11/2014 12:50:56 AM PDT · by 2ndDivisionVet · 18 replies
    Forbes ^ | March 10, 2014 | Christopher Helman
    The hand-wringing over what to do to help Ukraine has had a very positive impact on the U.S. oil and gas industry. Politicians like Sen. Lisa Murkowski (R-AK) are seizing on the crisis to call for a lifting of the ban on U.S. oil exports — the better to counterbalance Russia’s petro-influence. While the Wall Street Journal this morning wrote that western politicians are working on a variety of options to help “loosen Russia’s energy stranglehold on Ukraine” including “larger exports of U.S.-made natural gas.” Nevermind that the U.S. currently exports no natural gas in the form of LNG because...
  • California’s Brown hears fracking gripes

    03/08/2014 4:14:01 PM PST · by Olog-hai · 14 replies
    Associated Press ^ | Mar 8, 2014 6:44 PM EST | Michael R.Blood
    In a year when California Democrats are worried about motivating their voters, Gov. Jerry Brown heard another unwelcome message Saturday: Some Democratic activists are bristling over his administration’s policies on hydraulic fracturing, or fracking. […] State Democratic conventions can be boisterous gatherings, but the protesters provided an unscripted distraction in what was otherwise expected to be a unified show of support for the 75-year-old governor, who appears headed for an unprecedented fourth term in the heavily Democratic state. Fracking “gets to the oil that is the dirtiest oil on the planet,” said delegate Ken Jones of Greenbrae in Marin County,...
  • Fracking earthquakes: despite mounting evidence, Oklahoma Geological Survey downplays risks

    03/05/2014 10:11:10 AM PST · by shepardspie33 · 25 replies
    Red Dirt Report ^ | March 4, 2014 | Brian Woodward
    OKLAHOMA CITY - Of the fourteen 4.0 magnitude earthquakes or higher recorded in Oklahoma, ten of them have occurred in the past four years. Between the years of 1975 and 2008 an average of one to three earthquakes of 3.0 magnitude or larger occurred annually. From 2009 onwards the state has experienced over 200 earthquakes of magnitude 3.0 or higher, an average of more than 40 per year. Several of them have centered near the most populated part of the state, central Oklahoma. In addition, in 2013 Oklahoma experienced 99 earthquakes which measured 3.0 or greater, the second largest in...
  • BHP chief warns of shale gas reliance (Tree-hugging CEO)

    03/04/2014 5:33:52 PM PST · by 2ndDivisionVet · 2 replies
    The Financial Times ^ | March 4, 2014 | Ed Crooks
    Relying on shale gas would be a “very expensive” solution to meeting the world’s growing demand for energy, the chief executive of BHP Billiton, the mining, oil and gas group, has said. Andrew Mackenzie, who took over at BHP last year, also called for a price to be put on greenhouse gas emissions to address the threat of global warming, and said the mining industry needed to do more to develop technology to capture and store carbon dioxide. Speaking to the Financial Times in Houston, Mr Mackenzie said it was “completely impractical” to suggest that shale gas could be the...
  • Water tower suit involving Exxon’s CEO prompts a fracking fracas [NOT anti-fracking]

    02/25/2014 9:11:51 PM PST · by re_nortex · 11 replies
    Ft. Worth Star-Telegram ^ | Feb. 24, 2014 | Jim Fuquay
    “Exxon CEO Rex Tillerson Sues to Block Water Tower That Might Supply Fracking Operations,” cried the Huffington Post online news site. “Exxon Mobil CEO: No fracking near my backyard,” reported USA Today. [...]“This is not an anti-fracking lawsuit,” Whitten said. “Nothing could be further from the truth.”
  • Facing Reality on Carbon Dioxide

    02/25/2014 1:43:30 PM PST · by Kaslin · 10 replies
    Townhall.com ^ | February 25, 2014 | Mona Charen
    Though you wouldn't necessarily know it based on news coverage, the United States in the reign of President Barack Obama is enduring the most prolonged period of slow growth and high unemployment since World War II. The president asserts that he saved us from another Great Depression, which, like his claim that the stimulus would "create or save" millions of jobs, is about as provable as the number of angels that can dance on the head of a pin. The Obama administration has done little to spur job creation, but a great deal to inhibit it. The president mocks the...
  • Mexico’s drug cartels are standing in the way of a fracking bonanza

    02/25/2014 4:59:03 AM PST · by thackney · 11 replies
    Quartz ^ | February 20, 2014 | Steve LeVine
    —If all goes well, drillers responsible for a shale-oil bonanza in Texas will soon cross the southern US border and extend the hydraulic fracturing boom to Mexico. But first the Mexican government, foreign oil companies or some combination of the two will have to neutralize some of the most savage gangsters in the world. Oil and gas were a key subtext of yesterday’s North American summit between Canadian prime minister Stephen Harper, Mexican President Enrique Peńa Nieto and US President Barack Obama. Hoping to join the US and Canadian energy boom and invigorate the laggard Mexican economy, Peńa has pushed...
  • Why natural gas rigs continue to drop to the lowest 2014 levels

    02/24/2014 12:55:12 PM PST · by ckilmer · 4 replies
    marketrealist ^ | 2/24/2014 | Ingrid Pan, CFA
    Why natural gas rigs continue to drop to the lowest 2014 levels By Ingrid Pan, CFA 7 hours ago   Why oil rig counts keep climbing while natural gas rigs drop (Part 3 of 3)(Continued from Part 2)Natural gas rigs continued to drop last week, down 9% since the beginning of 2014Baker Hughes, an oilfield services company, reported that rigs targeting natural gas dropped last week, from 351 to 337 for the week ended February 14, 2014. Natural gas rigs are down by 35 since the beginning of the year, a decrease of ~9%. Note that Baker Hughes anticipates that...
  • Fracking Near the Everglades?

    02/21/2014 4:27:23 AM PST · by SoFloFreeper · 71 replies
    “Fracking,” a dangerous and destructive gas drilling technique, has used 250 billion gallons of water and 2 billion gallons of chemicals since 2005, according to a September report from Environment America Research & Policy Center, Environment Florida’s national federation. Unfortunately, some of those same impacts may be coming to South Florida near Big Cypress and the western Everglades. Last spring, an out-of-state drilling company applied for a permit to drill a 13,900 foot deep exploratory gas drilling well in close proximity to a relatively densely populated residential area known as Golden Gate, just miles from a string of parks created...
  • All-Alaska Gas Pipeline Will Spike America's Energy Boom

    02/19/2014 6:39:19 AM PST · by neverdem · 15 replies
    American Thinker ^ | February 19, 2014 | Chriss Street
    America's energy boom is about to take another huge leap forward as the State of Alaska is on the verge of approving the $50 billion All-Alaskan Gas Pipeline (AAGP). The massive project will transport "stranded" North Slope natural gas south down the Kenai Peninsula to a new port built to export Liquefied Natural Gas (LNG) to Asian markets. The project expects to gain the State Legislature's approval in 60 days, finish planning and begin six years of construction in 2018. Despite drilling on U.S. federal land shrinking every year since 2008, individual states are aggressively partnering with the private sector...
  • Shell Sees Stable Oil Price for 20 Years With Volatility Bursts

    02/13/2014 11:21:24 AM PST · by ckilmer · 11 replies
    moneynews ^ | Thursday, 13 Feb 2014 12:13 PM
    Royal Dutch Shell Plc., Europe’s biggest oil company, said crude prices would on average probably remain at current levels or rise steadily for the next two decades, with periods of volatility.
  • Feds approve more fracking off California coast

    02/12/2014 4:13:43 PM PST · by Olog-hai · 6 replies
    Associated Press ^ | Feb 12, 2014 5:07 PM EST | Alicia Chang
    The federal government has approved three new fracking jobs off the shores of California as state coastal regulators voiced concerns about potential environmental impacts. The work in the Santa Barbara Channel, site of a 1969 oil platform blowout, has not yet begun and it was not immediately clear when it would. The disclosure Wednesday came as the California Coastal Commission attempts to exercise greater oversight of the contested practice known as hydraulic fracturing, which involves pumping huge amounts of water, sand and chemicals deep into rock formations to free oil. The environmental impacts of fracking and other well stimulation techniques...
  • The High Cost of Fracking Regulation

    02/12/2014 1:34:05 PM PST · by neverdem · 8 replies
    American Thinker ^ | February 12, 2014 | Jeffrey Folks
    In Europe, where fracking is heavily regulated or prohibited altogether, consumers pay more than twice for natural gas than what they do in America (currently $11.59 per mBtu vs $4.78). As consumers, businesses, and electric utilities pay more, the result is a stalled economy and lower standard of living. Thanks in part to its large investment in solar energy, Spain's per capita GDP in current U.S. dollars has dropped from $31,679 in 2010 to $28,624 in 2012. Based on his recent words and actions, Obama wants the same for the U.S. Over half the homes in America heat with natural...
  • Chrissie Hynde's daughter 'superglued herself to fellow fracking protester'

    02/11/2014 7:51:52 AM PST · by Sub-Driver · 85 replies
    Chrissie Hynde's daughter 'superglued herself to fellow fracking protester' Natalie Hynde, whose father is musician Ray Davies, is on trial for the incident at the main gate of energy firm Cuadrilla's test drilling plant near Balcombe, West Sussex By Hayley Dixon, and agencies 2:26PM GMT 11 Feb 2014 Natalie Hynde, the daughter of The Kinks singer Ray Davies and The Pretenders' star Chrissie Hynde, superglued herself to a fellow anti-fracking protester outside the main gate of an exploratory oil drilling site, a court has heard. Miss Hynde, 31, and Simon Medhurst, 55, are jointly charged over the incident at the...
  • Gubernatorial candidate Cindy Sheehan shares her message with SDSU

    02/08/2014 11:47:54 PM PST · by 2ndDivisionVet · 18 replies
    The Daily Aztec ^ | February 4, 2014 | J.D. Hodges
    Cindy Sheehan, a member of the Peace and Freedom Party, visited San Diego State on Wednesday afternoon for a rally to gain support for her run for governor in this summer’s election. Sheehan first gained national prominence in 2005 when she camped out near former President Bush’s ranch in Texas, demanding a meeting with him after her son was killed in Iraq. In 2008, Sheehan challenged Nancy Pelosi for her seat in Congress. When Peace and Freedom Party candidate Rosanne Barr ran for president in 2012, Sheehan ran as her vice president. SDSU political science professor Ronnee Schreiber said...
  • One of the world's great investment thinkers is convinced fracking is causing earthquakes

    02/08/2014 11:48:20 AM PST · by ckilmer · 69 replies
    quartz ^ | February 7, 2014 | John McDuling
    One of the world’s great investment thinkers is convinced fracking is causing earthquakes By John McDuling @jmcduling February 7, 2014 “To me at least the connection is clear and statistically certain… far more certain than anything I ever see in the stock market or the economy.” + That’s Jeremy Grantham, the highly-regarded co-founder of the $117 billion investment fund GMO, who predicted both the dot com crash of the late 1990s and the subprime meltdown a few years later. Above is an accompanying chart included in his latest investment letter. + Rather than pushing an investment idea here, he’s convinced there’s...
  • The Ignorance and Hypocrisy Behind Oil Export Bans

    02/08/2014 7:48:59 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | February 8, 2014 | Paul Driessen
    US oil and gas production was already declining, when the 1973 Arab oil embargo sent oil and gasoline prices skyrocketing and created block-long lines at gas stations. Increased domestic production could have eased the supply and price crunch, but the 1969 Santa Barbara oil spill had resulted in congressional leasing and drilling moratoriums on federal offshore and onshore lands. Though it voted 50-49 to build the Alaska pipeline, Congress refused to allow more drilling. Instead, it legislated a 55-mph speed limit, mileage standards for vehicles and a ban on exporting domestically produced crude oil. The speed limit was eventually lifted,...
  • Greenspan forecasts oil boom’s impact on US economy

    02/06/2014 9:58:14 AM PST · by thackney · 9 replies
    Fuel Fix ^ | February 6, 2014 | Collin Eaton
    Corporate executives have no way of knowing what the world will look like over the next four decades as long as U.S. political strife keeps kicking up a cloud of uncertainty over the economy, former Federal Reserve Chairman Alan Greenspan said Thursday. The fog of political war hampers executives’ appetite for long-term capital investments and explains why the U.S. economy has been so slow to rebuild after the financial crisis and recession of 2008 and 2009, Greenspan explained at the Winter North American Prospect Expo in Houston. One ratio used to determine economic confidence — a comparison of U.S. companies’...
  • Fracked natural gas should be Left's fuel of choice

    02/03/2014 2:44:51 AM PST · by 2ndDivisionVet · 8 replies
    The Manchester Union Leader ^ | February 2, 2014 | Deroy Murdock
    Imagine an energy source that reduces greenhouse gases, conserves water, and preserves natural habitat. It also creates manufacturing jobs, reduces income equality, and defunds sexists and homophobes. Liberals would scream for this fuel, right? Wrong! Natural-gas fracking satisfies these liberal demands, in spades. Yet Leftists fight fracking, as if it were concocted by Ted Cruz and Sarah Palin at Dick Cheney's ranch. "I don't see any place for fracking," Mayor Bill de Blasio, D, New York City, declared last week. Activist Yoko Ono claims: "Fracking kills." These and other liberals are either grossly ignorant of or willfully blind toward the...
  • Popular anti-fracking study discredited by Colorado health department

    01/31/2014 6:21:43 AM PST · by Rusty0604 · 10 replies
    Washington Examiner ^ | 01/30/2014 | Ashe Schow
    Research claiming that hydraulic fracturing -- fracking -- causes increased cancer risks and birth defects have been discredited by Colorado state public health officials. The researchers with the Colorado School of Public Health cited "minuscule" statistical differences and ignored other factors in producing a report on the negative side effects of fracking, according to a statement released by the Colorado Department of Public Health and Environment on Thursday
  • Europe Dumps Global Warming Efforts; Good Idea?

    01/29/2014 9:42:01 AM PST · by Kaslin · 8 replies
    Townhall.com ^ | January 29, 2014 | Mike Shedlock
    Regarding the religious debate over global warming, I am pleased to report Green Fade-Out: Europe to Ditch Climate Protection Goals. The EU's reputation as a model of environmental responsibility may soon be history. The European Commission wants to forgo ambitious climate protection goals and pave the way for fracking -- jeopardizing Germany's touted energy revolution in the process. The climate between Brussels and Berlin is polluted, something European Commission officials attribute, among other things, to the "reckless" way German Chancellor Angela Merkel blocked stricter exhaust emissions during her re-election campaign to placate domestic automotive manufacturers like Daimler and BMW. This...
  • Fracking prevents us from freezing to death

    01/27/2014 4:28:41 AM PST · by grundle · 6 replies
    It sure is cold outside. And it’s predicted to be even colder in the next few days. I want to thank everyone who works in the natural gas industry for saving my life – literally. Without you, I would be dead. Thank you – thank you so much.
  • EIA: Global oil demand to rise 1.2 million b/d in 2014

    EIA: Global oil demand to rise 1.2 million b/d in 2014 01/13/2014 Global liquid fuels consumption is forecast to increase by 1.2 million b/d in 2014 and by another 1.4 million b/d in 2015, according to the US Energy Information Administration's Short-Term Energy Outlook (STEO), released this month. Countries outside of the Organization for Economic Cooperation and Development, led by China, account for nearly all consumption growth over the forecast period, EIA said. OECD consumption is expected to decline by 0.1 million b/d in 2014 and remain flat in 2015. EIA forecasts OPEC crude oil production to decline by 0.5...
  • Fracking's Infrastructure Boom: Capital Gusher

    01/23/2014 7:53:45 PM PST · by ckilmer · 3 replies
    barrons ^ | SATURDAY, JANUARY 18, 2014 | CHRISTOPHER C. WILLIAMS AND MICHAEL VALLO
    Fracking may trigger the occasional dish-rattling temblor, but its economic effects appear far more tectonic.