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Keyword: fracking

Brevity: Headers | « Text »
  • Epic Fail: Seven Big Failed Environmentalist Predictions

    04/25/2015 12:52:22 PM PDT · by SeekAndFind · 39 replies
    The Federalist ^ | 04/24/2015 | Robert Tracinski
    I recently discussed what it would take to prove that global warming is actually occurring, that it is caused by humans, and that it will be catastrophic. But that’s not the full picture. To understand why so many of us are so skeptical about global warming, you have to understand the environmentalists’ larger track record: a long series of failed predictions and bogus prognostications of doom. It has been 45 years now since the first Earth Day. You would think that in this time frame, given the urgency with which we were told we had to confront the supposed...
  • 5 years after BP spill: What's changed in offshore drilling

    04/20/2015 12:53:05 PM PDT · by Citizen Zed · 3 replies
    eaglefordtexas.com ^ | 4-20-2015 | Cain Burdeau | The Associated Press
    NEW ORLEANS As oil gushed from BPs ruptured well five years ago and public outrage built by the day, the Obama administration issued a six-month moratorium on drilling in the Gulf of Mexico. When the well was finally capped after nearly three months, political and industry pressure mounted on the White House to lift the ban, which it did about a month earlier than planned. Since then, oil and gas drilling Gulf has bounced back strongly and the number of deep-water drilling rigs has actually increased from 35 to about 48. Drillers are pushing into even deeper water and...
  • Looking Back: The Doomsayers Were Wrong about the BP Oil Spill; Mother Nature Heals Itself

    04/23/2015 7:08:29 AM PDT · by SeekAndFind · 24 replies
    National Review ^ | 04/23/2015 | by STEPHEN MOORE & JOEL GRIFFITH Read more at: http://www.nationalreview.com/article/417345/doomsay
    Five years ago this week, a blowout of BP’s Deepwater Horizon oil rig 40 miles from the Gulf Coast tragically claimed eleven lives and spilled 3 million barrels of oil from the damaged wellhead into the Gulf. It’s hard to forget the video images of thick oil gushing, day after day, into the region’s waters. It was a horrific accident that caused substantial damage to the ecology and commerce of the region. Gulf-area wildlife, portions of the shoreline, tourism, fishers and shrimpers, and energy-sector workers suffered large losses in the aftermath of the spill. BP has paid close to $27...
  • Ex-BP Chief Sees Oil Bull Market Sooner than Many Expect

    04/22/2015 8:17:45 AM PDT · by thackney · 2 replies
    Reuters via Rig Zone ^ | April 22, 2015 | Dmitry Zhdannikov and Silvia Antonioli
    Low crude prices will trigger consolidation in the oil industry but a new bull market might arrive much sooner than expected given the huge scale of capital and workforce withdrawal in the sector, a former boss of oil major BP said. "The actions the industry is taking to withdraw capital are laying the seeds for the next bull market," Tony Hayward told the FT Commodities Summit. "The peak of U.S. shale supply has arrived earlier than anticipated ... The supply chain in the U.S. has been decimated ... It will take several years to take activity back," Hayward said....
  • Big Hit For U.S. Oil Production In January

    04/24/2015 5:51:32 AM PDT · by thackney · 11 replies
    Oil Price ^ | 23 April 2015 | Arthur Berman
    U.S. crude oil production fell at least 135,000 barrels of oil per day in January 2015 compared to December 2014 according to the EIA (Figure 1). Bakken Shale production fell the most of any play or jurisdiction losing 37,000 barrels per day in North Dakota and 4,000 barrels per day in Montana for a total of 41,000 barrels of oil per day (Figure 2). Production in California, the offshore Gulf of Mexico, Alaska and Wyoming also declined significantly. Figure 3 shows Bakken production based on DrillingInfo data. The 42,000 barrels of oil per day drop in January production is completely...
  • Oil Prices Wont Recover Anytime Soon Says Exxon CEO

    04/22/2015 2:17:16 PM PDT · by Opintel · 18 replies
    Oilprice.com ^ | 22-04-2015 | Willem van Oranje
    There is mounting evidence that oil prices are poised to rebound from a historic bust. Rig counts hit new lows each week. For the week ending on April 17, Baker Hughes says the U.S. lost an additional 34 oil and gas rigs, bringing the total down to 954. Domestic crude oil production appears to have plateaued and the EIA expects a contraction in May. Nearly every driller is dramatically scaling back spending, which should increasingly cut into new output. And oil consumption is finally picking up, as drivers far and wide take advantage of cheap fuel. But what if the...
  • CERAWeek: Oil chiefs explain why U.S. shale boom hasnt gone global

    04/22/2015 4:37:25 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | April 22, 2015 | Collin Eaton
    Has billionaire oil man Harold Hamm ever been tempted to take the U.S. shale revolution abroad and expand his oil empire from North Dakota to the rest of the world? I have not, Hamm told a gathering of energy executives Tuesday. The question had come from Daniel Yergin, vice chairman of IHS. Hamm, CEO of Continental Resources, one of the biggest oil producers in the Bakken Shale, was one of three oil-company chief executives speaking from the stage during a panel at the IHS CERAWeek energy conference at the Hilton Americas-Houston. So why havent U.S. shale producers tried to tap...
  • Anti-local fracking control bill advances in Texas

    04/21/2015 5:05:57 AM PDT · by thackney · 44 replies
    Platts ^ | 20 Apr 2015 | Platts
    A bill being debated in the Texas Legislature that would severely limit local municipalities' power to regulate oil and natural gas drilling moved one step closer to becoming law Monday. In a 125-20 vote, the Republican-dominated Texas House of Representatives approved on third reading H.B. 40. The legislation would "expressly pre-empt local ordinances that ban or limit oil and gas operations," including hydraulic fracturing. The bill will now move to the state Senate, which, like the House, is Republican-controlled. If passed by both houses of the legislature it will move to the desk of Republican Governor Greg Abbott, who has...
  • Bill to Standardize Drillings Setbacks Passes Texas House

    04/20/2015 9:45:18 AM PDT · by thackney · 2 replies
    Rig Zone ^ | April 17, 2015 | Deon Daugherty|
    Legislation to set standards for cities that wish to regulate the oil and gas drilling within their city limits passed the Texas House Friday with more than two-thirds approval. House Bill 40 heads to the Texas Senate Monday, where, if it can sustain the momentum thats carried it this far, could soon become law. And thats got some special interests groups in a tizzy. If some Austin lawmakers are successful, oil and gas drilling could be coming to a school, playground of daycare center near you, wrote Luke Metzger, director of Environment Texas in an opinion piece published in the...
  • Halliburton Announces 9,000 Layoffs

    04/21/2015 9:46:05 AM PDT · by SeekAndFind
    Houston Press ^ | 04/21/2015 | By Dianna Wray
    In a move that once again isn't exactly shocking, Halliburton Co. has been engaging in much more serious layoffs than they initially planned on back in February. Back in the early part of the year -- when energy analysts were confidently predicting oil prices would rebound in no time at all -- Halliburton still battened down the hatches, announcing plans for about 6,500 layoffs. Since then the analysts have for the most part gotten increasingly dour with their predictions, oil prices have stayed around $50 a barrel and Halliburton has actually laid off about 10 percent of its workforce in...
  • Oil and Gas Company Baker Hughes ramps up layoffs to 10,500 worldwide

    04/21/2015 9:43:58 AM PDT · by SeekAndFind
    The Times Picayune ^ | 04/21/2015 | By Jennifer Larino
    Baker Hughes Inc., one of the world's largest oil and gas service companies, said it will increase job cuts worldwide to 10,500, or about 17 percent of its total workforce. The Houston-based company said the cuts are necessary in order to weather a crash in North American drilling prompted by low oil prices. Baker Hughes announced the additional cuts Tuesday (April 21) after reporting a $32 million loss for the first quarter this year. The company's first-quarter revenue was down 20 percent compared to the same period a year ago. Earlier this year, Baker Hughes said it planned to cut...
  • CERAWeek: U.S. and Wall Street take over OPECs role as global swing producer

    04/21/2015 4:54:13 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | April 20, 2015 | Collin Eaton
    Financial markets underpinning the U.S. shale boom have emerged as the worlds de facto regulator of global oil production, taking over from the Saudi Arabia-led cartel that effectively abdicated its decades-old role in November, a top IHS researcher said Monday. The Organization of the Petroleum Exporting Countries is not what it used to be; its no longer the balancer of the oil market, said Jim Burkhard, chief researcher of global oil markets for IHS, during a panel on the first day of the week-long IHS Energy CERAWeek conference at the Hilton Americas-Houston. For a generation, Burkhard said, OPEC could influence...
  • Is This Where Investors Should Be Looking When Oil Recovers

    04/21/2015 3:17:19 PM PDT · by bananaman22 · 19 replies
    oilprice.com ^ | 04/21/2015 | James stafford
    When oil prices recoverand plenty of analysts think the climb back up will start soonCanadas western frontier of Saskatchewan and neighboring Alberta will still have the edge, according to a report from TD Economics. Depressed oil prices may have skewed the view from Canadas oil-producing west, but this will be one of the better places to bet on the oil rebound. Saskatchewan remains the last highly accessible onshore North American oil frontier and it is home to part of the prolific Williston Basin. And as the industry gears up for the Williston Basin Petroleum Conference (WBPC) on 28 April, the...
  • How The Majors Are Playing The Oil Price Slump

    04/23/2015 10:01:42 AM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 23-04-2015 | strategy or die
    The largest oil and gas companies are employing different strategies to weather the downturn and plan for the future. Each strategy has its risks, and not all may work out. Which companies will emerge stronger after an oil price rebound and which will fall further behind because of bad decisions? There are different ways to play a down cycle. With oil prices half of what they were in 2014, revenues are significantly lower for everyone across the board. As a result, the oil industry has collectively implemented an estimated $114 billion in spending cuts. But oil executives are also trying...
  • An Earth Day call to ban fracking across this land

    04/22/2015 10:54:03 PM PDT · by 2ndDivisionVet · 17 replies
    The New York Daily News ^ | April 22, 2015 | Mark Ruffalo, actor and director
    Just say no, Obama. Flaming water, poisoned air and destroyed lives thats what I found when I traveled to Dimock, Pa., in 2009 to see the impacts of fracking firsthand. Six years later, this tragic story is one shared by countless Americans, too many of them with no choice in the matter. Ten years after the Bush-Cheney administration exempted fracking from key parts of some of our nations most important environmental and public health laws, including the Safe Drinking Water Act, Clean Water Act and Clean Air Act, the science is finally catching up to the process and...
  • CERAWEEK-U.S. fracking costs falling fast, may keep fields in play

    04/22/2015 10:30:44 AM PDT · by ckilmer · 24 replies
    http://news.apsou.gr ^ | April 22 | Anna Driver
    CERAWEEK-U.S. fracking costs falling fast, may keep fields in play HOUSTON, April 22 (Reuters) - U.S. oil and natural gas companies have pushed down costs of fracking a shale well faster than expected, and if the trend holds up it could allow producers to keep working in oilfields that just months ago looked uncompetitive after the oil price crash.A more than 50 percent fall in the price of crude oil since June has left oil and gas producers insisting on steep price cuts from oilfield service companies that provide everything from drilling rigs to hydraulic fracturing.Oil is trading...
  • Oklahoma goes from two 3.0 quakes a year to two a day

    04/21/2015 7:37:21 PM PDT · by Star Traveler · 174 replies
    NYTIMES, CNBC ^ | Tuesday, April 21, 2015 | Morgan Brennan
    In November of 2011, a magnitude 5.7 earthquake ripped through the small Oklahoma town of Prague, damaging more than a dozen homes and toppling a turret on a St. Gregory's University building in nearby Shawnee. It was the worst of three large quakes to strike the area over several days, and it still as ranks as the worst Oklahoma has ever experienced. Since then, hundreds more have rattled the state, racking up millions of dollars in damages and unleashing a political and financial maelstrom. Until 2008, Oklahoma typically had one or two earthquakes of magnitude 3.0 or greater per year,...
  • Oklahoma Recognizes Role of Drilling in Earthquakes

    04/21/2015 6:52:59 PM PDT · by Theoria · 20 replies
    The New York Times ^ | 21 April 2015 | Michael Wines
    Abandoning years of official skepticism, Oklahomas government on Tuesday embraced a scientific consensus that earthquakes rocking the state are largely caused by the underground disposal of billions of barrels of wastewater from oil and gas wells.The states energy and environment cabinet introduced a website detailing the evidence behind that conclusion Tuesday, including links to expert studies of Oklahomas quakes. The site includes an interactive map that plots not only earthquake locations, but also the sites of more than 3,000 active wastewater-injection wells.The website coincided with a statement by the state-run Oklahoma Geological Survey that it considers it very likely that...
  • Fracking boom creates jobs for women but only as prostitutes and maids, activist claims

    04/20/2015 3:43:54 PM PDT · by CedarDave · 52 replies
    The Washington Times ^ | April 20, 2015 | Valerie Richardson
    A key figure behind New Yorks statewide ban on hydraulic fracturing says that losing out on oil and gas jobs is no big deal because the industry only creates work for women as prostitutes and hotel maids. In an April 6 lecture at the University of Pittsburgh, biologist Sandra Steingraber of New Yorkers Against Fracking described the fight over oil and natural gas development as a feminist issue. Fracking as an industry serves men. Ninety-five percent of the people employed in the gas fields are men. When we talk about jobs, were talking about jobs for men, and we need...
  • If NY towns secede, can NY businesses succeed?

    04/20/2015 12:45:10 PM PDT · by 2ndDivisionVet · 17 replies
    WBNG-TV ^ | April 19, 2015 | Caroline Goggin
    Two months ago, Action News brought you the story about one local organization researching into a possible secession for 15 towns in Upstate New York to Pennsylvania. Governor Andrew Cuomos (D) decision to ban hydraulic fracking in New York compelled the Upstate New York Towns Association to look into the idea. This month, the organization is releasing more information on the matter. Carolyn Price, president of the Upstate New York Towns Association, shared the groups findings with Action News exclusively this week. Price said Upstate New York is currently in an economic death spiral. She attributes her statement to various...
  • The Real History Of Fracking

    04/14/2015 7:52:53 AM PDT · by thackney · 6 replies
    Oil Price ^ | 13 April 2015 | John Manfreda
    ...While there are a lot of myths that surround this technology...the biggest one myth, is that, its new technology. The History of Fracking can be traced back to 1862. It was during the battle of Fredericksburg VA., where civil war veteran Col. Edward A.L. Roberts saw what could be accomplished when firing explosive artillery into a narrow canal that obstructed the battlefield. This was described as superincumbent fluid tamping. On April 26th, 1865, Edward Roberts received his first patent, for an Improvement in exploding torpedoes in artesian wells. In November of 1866, Edward Roberts was awarded patient number 59,936, known...
  • Fracking Link? High Radon Levels Found in 300K Pennsylvania Homes

    04/09/2015 6:21:05 AM PDT · by Citizen Zed · 56 replies
    cnbc ^ | 4-9-2015 | Maggie Fox and Stacey Naggiar
    Levels of radon, an invisible, odorless radioactive gas, have been rising measurably in Pennsylvania since the controversial practice of fracking started there, researchers reported Thursday. The study cannot directly link fracking with the raised radon levels. But whatever is going on, residents need to be aware of the rising levels of the gas and take action to get it out of their homes, the researchers say. Radon is the second-leading cause of lung cancer in the U.S., killing an estimated 21,000 people a year. It occurs naturally in many types of rocks, and many people who have bought or sold...
  • As Quakes Rattle Oklahoma, Fingers Point to Oil and Gas Industry

    04/04/2015 8:28:04 AM PDT · by rktman · 63 replies
    nytimes.com ^ | 4/3/2015 | RICHARD A. OPPEL Jr. and MICHAEL WINES
    Many scientists disagree. They say those quakes, and thousands of others before and since, are mainly the work of humans, caused by wells used to bury vast amounts of wastewater from oil and gas exploration deep in the earth near fault zones. And they warn that continuing to entomb such huge quantities risks more dangerous tremors if not here, then elsewhere in the states sprawling well fields.
  • 9 Earthquakes Rock North Texas In Less Than A Day

    01/07/2015 5:10:48 AM PST · by Tolerance Sucks Rocks · 22 replies
    CBS DFW ^ | January 7, 2015 | CBS DFW/AP
    DALLAS (CBSDFW.COM/AP) Nine earthquakes, three of them greater than a 3.0 in magnitude, rocked the DFW area on Tuesday afternoon and into early Wednesday, knocking items off of walls, causing cracks to appear in ceilings and generally rattling nerves across the region. Shook my whole house! said CBS 11 News viewer Aprille Maganda from her home in the Las Colinas area of Irving.
  • Oklahoma earthquakes: USGS continues to look at increase

    12/26/2014 6:59:57 PM PST · by Star Traveler · 83 replies
    Enid News [Oklahoma] ^ | Friday, December 26, 2014 | Jessica Miller
    There have been more than 500 magnitude 3.0 or greater earthquakes in Oklahoma this year, up significantly from 109 in 2013 and just 35 in 2012, according to U.S. Geological Survey officials. As of Monday, there were 549 of the higher magnitude quakes in 2014, with 19 being magnitude 4.0 or greater. USGS officials focused on magnitude 3.0 or greater quakes because the smaller the magnitude, the more potential there is for missing an event, USGS Geophysicist Robert Williams said. The USGS is looking into the increase in earthquakes, mostly occurring in central and north-central Oklahoma, he said. Starting probably...
  • Oklahoma residents seek answers on quakes

    06/26/2014 10:29:45 AM PDT · by Olog-hai · 86 replies
    Associated Press ^ | Jun. 26, 2014 8:09 AM EDT | Emily Schmall and Kristi Eaton
    Oklahoma residents whose homes and nerves have been shaken by an upsurge in earthquakes want to know whats causing the temblorsand what can be done to stop them.Hundreds of people are expected to turn out in Edmond, Oklahoma, on Thursday night for a town hall meeting on the issue. [] Oklahoma recorded nearly 150 between January and the start of May. Though most have been too weak to cause serious damage or endanger lives, theyve raised suspicions that the shaking might be connected to the oil and gas drilling method known as hydraulic fracturing, especially the wells in which the...
  • The Inconvenient Truth: Greenpeace Tries To Bury Bad News

    04/02/2015 9:10:40 AM PDT · by E. Pluribus Unum · 5 replies
    Breitbart.com ^ | 04/02/2015 | A.B. Sanderson
    A survey commissioned by environmental group Greenpeace has spectacularly backfired as it revealed that more people support fracking than oppose it.
  • New Regs Ignore Fact Fracking Doesn't Taint Well Water

    04/02/2015 9:03:55 AM PDT · by raptor22 · 7 replies
    Investor's Business Daily ^ | April 2, 2015 | IBD EDITORIALS
    Energy: New federal regulations on fracking on public land ignore a study documenting that methane found in well water is unrelated to the location of hydraulically fractured oil and gas wells. When the Obama administration recently released its new regulations on fracking regulations that it said were needed to keep up with the advance and success of the decades-old technology to meet public safety needs the Independent Petroleum Association of America and Western Energy Alliance immediately filed suit, saying that the new regs were based on "unsubstantiated concerns" that lacked any scientific basis. "Hydraulic fracturing has been conducted...
  • The Energy Link: Energy Producing States and Social Mobility

    04/01/2015 2:44:15 PM PDT · by ThethoughtsofGreg · 4 replies
    American Legislator ^ | 4-1-15 | John Eick
    A couple years ago, scholars from Harvard and the University of California, Berkeley tried to determine which regions around the country offered higher rates of youth mobility for children born to parents with low-incomes. Interestingly, the greatest areas for mobility are the Midwest and Rocky Mountain regions. Many states in this region North Dakota, Oklahoma, Texas, Wyoming and Colorado, for example have long welcomed energy development within their borders and have embraced the recent advances in mining and drilling technologies that led to the mid-2010s nationwide energy boom. When the above map is compared to one showing the...
  • Fact Check.org Rushes to Defend Federal Fracking Regulations, Steps on a Rake

    03/30/2015 1:26:09 PM PDT · by george76 · 8 replies
    Energy in Depth ^ | March 27, 2015 | Katie Brown
    This afternoon, Fact Check.org produced a fact-check that ostensibly criticizes U.S. Senator Jim Inhofe (R-OK) for his contention that there has never been an instance of ground water contamination caused by hydraulic fracturing. Of course, this piece isnt really about Inhofe at all; but before we get into that, we cant help but wonder why they are fact-checking Inhofe and not former EPA Administrator Lisa Jackson or Energy Secretary Ernest Moniz or Secretary of the Interior Sally Jewell all of whom have said exactly the same thing. Rather than a fact-check, it reads more like an advocacy...
  • Price decline hits oil patch

    03/29/2015 10:19:40 AM PDT · by Perkinsbob54 · 5 replies
    Albuquerque Journal ^ | 3/25/15 | Kevin Robinson-Avila
    At least 2,000 jobs will likely be lost in New Mexicos oil and gas industry in the coming months because of sharp declines in the price of crude oil, according to estimates by the New Mexico Energy, Minerals and Natural Resources Department.
  • Senate Committee Advances "Denton Fracking Bill"

    03/25/2015 11:18:25 AM PDT · by 2ndDivisionVet · 2 replies
    The Texas Tribune ^ | March 24, 2015 | Jim Malewitz
    A Senate committee gave unanimous approval Tuesday to a bill that would limit local control over oil and gas activities across Texas a measure being referred to as the "Denton fracking bill." The proposal is among nearly a dozen filed in the aftermath of the North Texas town's vote in November to ban hydraulic fracturing within city limits, and it's among those most likely to pass. The legislation, Senate Bill 1165, now heads to the full Senate, where advocates for municipalities will push for changes to address their biggest concern that the proposal would jeopardize long-held city police...
  • Ted Cruz and Barack Obama on collision course over fossil fuels

    03/20/2015 5:15:30 PM PDT · by 2ndDivisionVet · 9 replies
    The Houston Examiner ^ | Mark Whittington
    Hydraulic fracking, the technique that extracts oil and natural gas from shale formations, has caused a plunge in energy prices and is a bright spot in an otherwise moribund American economy. Naturally, President Obama wants to clamp down federal regulations on the process, at least on Federal lands, according to Politico. But Breitbart reported on Thursday that Sen. Ted Cruz, R-Texas and Rep. Joe Bridenstine, R-Oklahoma, are proposing a different approach in the form of the American Energy Renaissance Act. The Obama administrations new anti-fracking measures have two purposes. First, they are mean to cater to the environmental lobby, which...
  • Gasoline price spike in Midwest linked to refinery issues

    03/20/2015 12:16:42 PM PDT · by Citizen Zed · 8 replies
    Consumer Affairs ^ | 3-19-2015 | Mark Huffman
    Gasoline prices in the U.S. are still lower than they have been in years but nonetheless are higher than they were a month ago. And in a handful of Midwestern states, sharply higher. According to the AAA Fuel Gauge survey, the average price of self-serve regular in Indiana jumped 10 cents a gallon in 24 hours, from $2.16 a gallon to $2.26. In Michigan, the average price also jumped a dime a gallon, from $2.25 to $2.35 a gallon. In Illinois, the increase is much less dramatic, rising from $2.35 a gallon to $2.38. But the average price of gasoline...
  • Obama Administration Unveils Federal Fracking Regulations

    03/20/2015 11:55:34 AM PDT · by Jim Robinson · 14 replies
    NYT ^ | March 20, 2015 | By CORAL DAVENPORT
    WASHINGTON The Obama administration on Friday unveiled the nations first major federal regulations on hydraulic fracturing, the controversial technique for oil and gas drilling that has led to a dramatic increase in American energy production but has also raised concerns about health and safety risks. The Interior Department began drafting the rules in Mr. Obamas first term after breakthroughs in the technology, also known as fracking, led to a surge in the production of oil and gas. The fracking boom has put the United States on track to soon become the worlds largest oil and gas producer. But environmentalists...
  • Fracking: US tightens rules for chemical disclosure

    03/20/2015 10:41:22 AM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Mar 20, 2015 12:51 PM EDT | Matthew Daly and Josh Lederman
    The Obama administration said Friday it is requiring companies that drill for oil and natural gas on federal lands to disclose chemicals used in hydraulic fracturing operations. A rule to take effect in June also updates requirements for well construction and disposal of water and other fluids used in fracking, a drilling method that has prompted an ongoing boom in natural gas production. The rule has been under consideration for more than three years, drawing criticism from the oil and gas industry and environmental groups. The industry fears the regulation could hinder the drilling boom, while some environmental groups worry...
  • Obama to unveil fracking rules (Hurl)

    03/20/2015 8:36:02 AM PDT · by C19fan · 29 replies
    Politico ^ | March 19, 2015 | Elana Schor
    The Obama administration is set to unveil the first major nationwide safety restrictions on fracking, touching off a fresh political confrontation between the president and his critics in Congress and the energy industry. The Interior Departments rules expected to be released Friday morning are the federal governments most comprehensive foray to date toward regulating the technology at the heart of the U.S. oil and gas boom, addressing worries such as potential dangers to drinking water. They will also offer oil and gas supporters new room to accuse President Barack Obama of seeking to throttle fossil-fuel production, despite his...
  • Feds to impose hydraulic fracturing mandates

    03/20/2015 6:24:47 AM PDT · by shove_it · 14 replies
    FuelFix ^ | 19 Mar 2015 | Jennifer A. Dlouhy
    WASHINGTON The Obama administration is set to issue the first major federal regulations on hydraulic fracturing on Friday, with new mandates targeting oil and gas wells on public land. The Interior Department rule reflects years of work by regulators seeking to balance environmental interests and economic imperatives in setting baseline standards for the way wells are constructed and stimulated for oil and gas production. But the final version, set to be unveiled Friday by Interiors Bureau of Land Management, according to stakeholders familiar with the timeline, is unlikely to appease environmentalists who have argued for strong protections or oil...
  • Sen. Cruz and Rep. Bridenstine Introduce American Energy Renaissance Act

    03/18/2015 7:56:23 PM PDT · by 2ndDivisionVet · 8 replies
    Guidry News ^ | March 18, 2015
    U.S. Sen. Ted Cruz, R-Texas, and Rep. Jim Bridenstine, R-OK-1, today introduced the American Energy Renaissance Act to empower the private sector to create good-paying American jobs, spur economic growth and expand opportunity. The companion legislation, introduced in the U.S Senate as S. 791 and in the House of Representatives, will harness our nation’s energy resources and remove federal impediments to energy exploration, development and trade. The legislation will also reduce American dependence on unfriendly nations for our energy needs, and ensure the United States will be able to exert its influence and support its allies around the world. “Today...
  • The E.U. Experiment Has Failed

    03/16/2015 8:23:01 PM PDT · by annalex · 33 replies
    Hoover Institution ^ | March 5, 2015 | Bruce Thornton
    The E.U. Experiment Has Failedby Bruce ThorntonThursday, March 5, 2015 The slow-motion crisis of the European Union is the big story that rarely gets the attention it deserves. Even an event like the recent terrorist attack in France that left 17 dead is often isolated from the larger political, economic, and social problems that have long plagued the project of unifying the countries of Europe in order to harness its collective economic power, and to avoid the bloody internecine strife that stains its history. On the economic front, the E.U.s dismal economic performance over the last six years was summed...
  • Texas frac sand execs who paid $52k in DNR fines in 2014, are backing Walker PAC

    03/16/2015 1:13:25 PM PDT · by Cincinatus' Wife · 9 replies
    WREX NBC Channel 13 ^ | March 16, 2015 | Greg Neumann, WKOW
    MADISON (WKOW) -- Two executives who run a Texas-based sand mining company - which paid $52,500 in fines to the Wisconsin Department of Natural Resources (DNR) in 2014 - are major backers of Gov. Scott Walker's political action committee Our American Revival (OAR), according to CNN. In an article detailing several big money donors published on Monday, CNN lists Bob Rasmus and James Whipkey - who run Hi-Crush Partners - as two of OAR's major supporters in Texas. In August of 2014, 27 News reported the Wisconsin Department of Justice (DOJ) ordered Hi-Crush Partners to pay $52,500 in July for...
  • Crony Biofuel Politics Wag the Dog

    03/14/2015 9:47:48 AM PDT · by Kaslin · 24 replies
    Townhall.com ^ | March 14, 2015 | Paul Driessen
    Talk about the Norfolk terrier tail wagging the Great Dane. If they are to have any hope of winning their party’s nomination, Republican presidential hopefuls better support ethanol mandates, Hawkeye State politicos told potential candidates at the recent Iowa Agricultural Summit in Des Moines. “Don’t mess with the RFS,” Republican Governor Terry Branstad warned, referring to Renewable Fuel Standards that require refiners to blend increasing amounts of ethanol into gasoline. “It is the Holy Grail, and I will defend it,” said Rep. Steve King, another Iowa Republican. It is vital for reducing carbon dioxide emissions and preventing dangerous climate change...
  • Oil Prices Drop as Production Hums Along Despite a Brimming Supply

    03/14/2015 1:29:35 AM PDT · by Berlin_Freeper · 9 replies
    nytimes.com ^ | MARCH 13, 2015 | STANLEY REED
    Just as the oil market appeared to be stabilizing, the price of crude resumed its descent on Friday. The drop, of about 4 percent, came after a report from the International Energy Agency warning that oil pouring into tank farms in the United States might soon test storage capacity limits. The agency, whose reports are closely monitored by oil traders, said that overflowing storage would inevitably lead to renewed price weakness. American production of oil continues to increase despite recently announced cutbacks in new drilling by producers.
  • Cramer: The gigantic oil crash that hasn't occurred

    03/13/2015 6:43:03 AM PDT · by thackney · 11 replies
    msn ^ | Jim Cramer
    We keep waiting for the bust, the gigantic rollover of oil companies that just plain collapse under their own weight and the $50 price that you get for West Texas Intermediate. It hasn't happened. We keep waiting for the junk bond market that is riddled with $200 billion in oil and gas paper to be crushed by defaults and restructurings. It hasn't been. In fact, the iShares iBoxx $ High Yield Corporate Bd, the high-yield exchange-traded fund that includes a lot of this suspect paper, is pretty much unchanged for the last three years and has enjoyed a sustained rally...
  • Oil drops 9 percent on week on stronger dollar, glut warning

    03/13/2015 2:36:26 PM PDT · by Berlin_Freeper · 33 replies
    reuters.com ^ | March 13, 2015 | Barani Krishnan
    Global oil prices tumbled on Friday and fell 9 percent on the week, hit by a renewed rally in the dollar and a warning by the International Energy Agency (IEA) that the oil glut is growing.
  • U.S. unions freeze campaign contributions over trade

    03/11/2015 5:40:47 PM PDT · by mdittmar · 7 replies
    Reuters ^ | Mar 11, 2015 | Krista Hughes
    (Reuters) - The largest U.S. federation of labor unions said on Wednesday it is freezing contributions to federal candidates in next year's elections as it waits to see the outcome of key trade votes. The AFL-CIO said in a statement defeating legislation to streamline the passage of trade deals through Congress was a top priority.
  • Scott Walker Is the Worst Candidate for the Environment

    03/11/2015 12:35:51 PM PDT · by Cincinatus' Wife · 57 replies
    Mother Jones ^ | March 11, 2015 | Tim McDonnell |
    Scott Walker is killing it with Republicans. The Wisconsin governor is one of his party's rising starsthanks to his ongoing and largely successful war against his state's labor unions, a fight that culminated Monday with the signing of a controversial "right-to-work" bill. Now (for the moment, anyway), he's a leading contender for the 2016 Republican presidential nomination. At the Conservative Political Action Conference a couple weeks ago, he polled a close second to three-time winner Sen. Rand Paul (Ky.), beating the likes of Sen. Ted Cruz (Texas) and former Florida Gov. Jeb Bush by a significant margin. It probably won't...
  • Notice: Free Republic IS and will remain a pro-Life & Liberty Web site

    11/07/2008 3:58:47 PM PST · by Jim Robinson · 655 replies · 19,083+ views
    Statement by the founder of Free Republic ^ | Nov 11, 2008 | Jim Robinson
    Revising and extending my remarks: We're receiving lots of complaints lately from freshly banned liberals, trolls and malcontents. Well, Free Republic has not changed and will not change. We are NOT "fair and balanced." Never will be. We are biased toward God, country, Life and Liberty. Marriage, family and traditional values. Constitution, inalienable rights, private property and limited government. Small government, small spending, small taxes. National security, national sovereignty, strong defense and secure borders. Individual rights, individual responsibility and self-government. Privacy, individual and family security, self-defense and right to keep and bear arms. Rights to freely exercise our religion, freedom...
  • Pennsylvanias new Dem Governor may tax his state out of the energy boom

    03/09/2015 6:43:18 PM PDT · by SeekAndFind · 26 replies
    Hotair ^ | 03/09/2015 | Jazz Shaw
    Unlike its foolish neighbors to the north in New York, Pennsylvania has been enjoying the fruits of the energy boom for several years now. Natural gas drilling in particular has been paying benefits to the government and the citizens, with thousands of new jobs and all of the secondary growth which is associated with higher employment levels. In November of last year, however, the citizens of the Keystone State decided to oust incumbent Republican Governor Tom Corbett and replace him with Democrat Tom Wolf. Would anyone care to hazard a guess as to what one of the new guy’s...
  • Southern New Yorkers Consider Secession After Cuomo's Permanent Ban On Fracking

    03/09/2015 8:22:29 AM PDT · by SeekAndFind · 19 replies
    Zero Hedge ^ | 03/09/2015 | Thomas Miller via Oilprice.com,
    Submitted by Thomas Miller via Oilprice.com,One could argue America was conceived from intense frustration that ultimately led to separation. Fed up with what they perceived as excessive control by the Crown, colonists to the “New England”, in essence, seceded in 1776, and thus the United States was born.Now, there is a renewed and growing secession conversation brewing in the New England region, this time fueled by a commodity: Natural gas. Infuriated by Governor Andrew Cuomo’s December decision to permanently instill a ban against hydraulic fracture stimulation, or fracking, residents in 15 communities in the Southern Tier of New York...