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Keyword: gas

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  • As ATP Oil Files For Bankruptcy, CEO Blames Obama For Company's Collapse

    08/18/2012 12:35:31 PM PDT · by mojito · 15 replies
    Forbes ^ | 8/18/2012 | Christopher Helman
    When I get Paul Bulmahn on the phone rumors are swirling that he’s just days from putting his company, ATP Oil & Gas, into Chapter 11. He can’t confirm it yet, but he wants to make one thing perfectly clear: If it does come to bankruptcy (which it did on August 17) it isn’t his fault. The founder and chairman of publicly traded ATP (Nasdaq:ATPG), Bulmahn wants the world to know that the Obama Administration—and its illegal ban on deepwater drilling in the wake of the BP disaster—is to blame for the implosion of his company. Not him. “It is...
  • Exclusive: White House studying potential oil reserve release

    08/17/2012 10:55:15 AM PDT · by C19fan · 30 replies
    Reuters ^ | August 17, 2012 | Jeff Mason
    The White House is "dusting off old plans" for a potential release of oil reserves to dampen prices and prevent high energy costs from undermining sanctions against Iran, a source with knowledge of the situation said on Thursday. U.S. officials will monitor market conditions over the next few weeks, watching whether gasoline prices fall after the September 3 Labor Day holiday, as they historically do, the source said.
  • Exclusive: White House dusting off plan for potential oil release

    08/16/2012 11:51:42 AM PDT · by Free ThinkerNY · 31 replies
    Reuters ^ | August. 16, 2012 | Jeff Mason
    (Reuters) - The White House is "dusting off old plans" for a potential release of oil reserves to dampen rising gasoline prices and prevent high energy costs from undermining the success of Iran sanctions, a source with knowledge of the situation said on Thursday. U.S. officials will monitor market conditions over the coming weeks, watching whether gasoline prices fall after the September 3 Labor Day holiday, as they historically do, the source said. It was too early to say how big a drawdown would be from the U.S. Strategic Petroleum Reserve and, potentially, other international reserves if a decision to...
  • U.S. Gas Prices Spike [Check out the BIAS in this Local News Video]

    08/13/2012 6:05:10 AM PDT · by SoFloFreeper · 12 replies ^ | 8/13/12
    A surprise surge in gas prices is taking some of the fun out of summer....
  • Pleasanton [TX] booms along with oil field

    08/13/2012 1:51:17 AM PDT · by Cincinatus' Wife · 18 replies
    San Antonio-Express News ^ | August 13, 2012 | Jennifer Hiller
    PLEASANTON — now birthing an oil boom. The industrial park that once had 12 to 15 empty buildings is full. There are three hotels under construction, and all likely will open with a “no vacancy” sign. ..... it's a long wait to get a seat at the new and in-demand Chili's restaurant. Oil field companies including FTS International, Marathon Oil Corp. and Boots & Coots International Well Control Inc. have opened locations here. .... drawn by its access to Interstate 37, rail lines and a location in the middle of the play, which puts workers and supplies within an...
  • Next from the EPA: Four-Gallon- minimum Gas Purchases

    08/09/2012 4:08:12 PM PDT · by Nachum · 86 replies
    PJ Media ^ | 8//9/12 | Bridget Johnson
    The Environmental Protection Agency is going to require all consumers to buy at least four gallons of gasoline from certain gas pumps after the new E15 ethanol-gasoline blend is introduced into the market. The new regulation was revealed in an Aug. 1 letter to the American Motorcyclist Association, which expressed concern that the vast majority of motorcycles and ATVs in use today aren’t designed to operate on E15 fuel and residual fuel from a pump that serves multiple blends might harm these tanks. “The use of E15 will lower fuel efficiency and possibly cause premature engine failure,”
  • Forget North Dakota — There's A New Shale Oil Boom State In Town (Texas!)

    08/09/2012 3:03:34 PM PDT · by blam · 19 replies
    TBI ^ | 8-9-2012 | Rob Wile
    Forget North Dakota — There's A New Shale Oil Boom State In Town Rob Wile Aug. 9, 2012, 3:32 PM You probably saw our big feature on reporter Robert Johnson's trip to Williston, North Dakota, the capital of the state's Bakken shale oil boom has led to defacto full employment. But we may have journeyed to the wrong region. A new report from IHS Global Insight (as noted by Professor Mark J. Perry) suggests the Eagle Ford play near San Antonio, Texas, is poised to overtake the Bakken as the country's most promising oil reservoir: “Our analysis at IHS indicates...
  • Students rushing to careers in petroleum industry

    08/06/2012 4:42:48 AM PDT · by Cincinatus' Wife · 26 replies
    San Antonio Express News ^ | August 6, 2012 | Vicki Vaughan
    Just three years ago, petroleum engineering wasn't an especially hot major for college students looking to enter a field with plentiful jobs. How things have changed. Today, the oil patch and active drilling in the Eagle Ford Shale is convincing more students that a job in the energy field is the way to go, experts said. A recent study of 60,000 college students, including 2,400 in Texas, by Universum, a Stockholm-based company, found that students view jobs at oil and gas companies as much more desirable than even a year ago. Top salaries paid by energy companies are making energy...
  • Rising gas prices haunt Obama

    08/05/2012 8:12:00 AM PDT · by nhwingut · 18 replies
    The Hill ^ | 8/5/2012 | Ben Geman
    Gas prices have surged in recent weeks creating fresh openings for GOP attacks against President Obama. Gas prices have surged in recent weeks and analysts predict they’ll keep rising, creating fresh openings for GOP attacks against President Obama that had waned when prices dropped sharply. The nationwide average for regular gasoline is $3.60-per-gallon, a 24-cent rise over the past four weeks, according to AAA. Prices are well below the peak of nearly $4 in early April, a run-up that fueled constant GOP criticism of White House energy policies and threw Obama on the defensive.
  • Five dozen lawmakers protest ‘untenable’ oil field regulations

    08/04/2012 4:58:19 AM PDT · by Tolerance Sucks Rocks · 11 replies
    The Hill ^ | August 3, 2012 | Pete Kasperowicz
    A bipartisan group of House members has called on the Department of Transportation to reverse regulatory guidance issued in June that limits the ability of supply trucks to service oil and gas fields. Rep. Jeff Landry (R-La.) and 60 other members of the House argued in a letter to Transportation Secretary Ray LaHood that the guidance will harm not just the oil and gas industry, but related industries that contribute to job growth. They also argue that the guidance reversed 50 years of established practice with little warning to the industry. "Such a change significantly restricts the operations of individuals...
  • Gas Can Manufacturer Folds in Miami, Okla. [Gas Cans (not gas) burning people....]

    07/31/2012 10:45:16 AM PDT · by AdamBomb · 72 replies
    Tulsa World ^ | 7/24/2012 | Sheila Stogsdill
    MIAMI, Okla. - Product liability lawsuits have extinguished an Ottawa County gasoline can manufacturer, says Rocky Flick, owner and chief operating officer of Blitz U.S.A. Blitz U.S.A./F3 Brands in Miami filed for Chapter 11 bankruptcy Nov. 9. On Monday, the company said it will close its doors July 31 and lay off 117 people. [snip] The lawsuits that doomed Blitz mostly centered on individuals pouring gasoline out of a can onto an open fire, with the vapors igniting and causing injuries. Three warnings about not mixing gasoline and fire, in addition to other safety precautions, are displayed predominately on the...
  • India banks on Canada to skirt US gas export ban

    07/23/2012 10:13:16 PM PDT · by James C. Bennett · 9 replies
    The Times of India ^ | July 24, 2012 | The Times of India
    NEW DELHI: India is trying to include Canada into the supply equation as it prepares to become an importer of energy from the US. But the plan may meet with only a limited success because of third-country pricing economics. New Delhi has been lobbying Washington for a special dispensation to ship liquid gas from the US. Washington does not allow energy exports to countries that do not have a free trade agreement (FTA) with it. Because of this ban, India's state-run gas utility is feeling hamstrung in its efforts to strike big deals for importing liquid gas from the US....
  • Poor Corn Crop Will Have Major Impact on Ethanol Market

    07/22/2012 7:43:43 PM PDT · by QT3.14 · 27 replies
    The Energy Collective ^ | July 17, 2012 | Robert Rapier
    [Snip]...I have long felt that one of the biggest threats to the U.S. ethanol industry is a major drought/crop failure in the heart of corn country. This year we may be experiencing such an event. Recent reports indicate that what had been expected to be a record crop of corn has been downgraded such that only 40% of the corn crop is being classified as in good or excellent condition. This is down 48% versus last week and 69% versus a year ago.
  • Energy Revolution 2: A Post Post-American Post (Important!)

    07/16/2012 6:02:36 PM PDT · by 2ndDivisionVet · 18 replies
    The American Interest ^ | July 15, 2012 | Walter Russell Mead
    Forget peak oil; forget the Middle East. The energy revolution of the 21st century isn’t about solar energy or wind power and the “scramble for oil” isn’t going to drive global politics. The energy abundance that helped propel the United States to global leadership in the 19th and 2oth centuries is back; if the energy revolution now taking shape lives up to its full potential, we are headed into a new century in which the location of the world’s energy resources and the structure of the world’s energy trade support American affluence at home and power abroad. By some estimates,...
  • BREAKING: 50 well pads in the path of Pine Ridge Fire

    06/28/2012 8:47:17 PM PDT · by GSWarrior · 17 replies
    NBC11News ^ | 6/28/12 | staff
    It was a standing room only crowd at the Community Center in De Beque Thursday night as nervous residents learned how to protect their property from the advancing Pine Ridge wildfire.
  • Doing the Math on Solar Water Heaters ($8K investment with savings of $55 on $100 annual gas bill)

    06/26/2012 7:26:24 AM PDT · by SeekAndFind · 29 replies
    American Thinker ^ | 06/25/2012 | Peter Wilson
    The Massachusetts Clean Energy Center (MassCEC) claims that "solar hot water systems are great because they provide an easy and low cost way to create hot water in a clean and sustainable way." On the Environmental Protection Agency's Energy Star website, we read: "While the initial purchase price of solar water heaters is high compared to standard models, they can be cost effective. That is because the sun's energy is harnessed to reduce operating costs up to 90 percent." To overcome this "initial purchase price" obstacle, government grants are needed so all these wonderful cost savings can be realized. To...
  • EPA Fines Oil Refiners for Failing to Use Nonexistent Biofuel

    06/23/2012 5:12:17 AM PDT · by rusty millet · 25 replies
    Hot Air ^ | June 22, 2012 | Howard Portnoy
    Question: Do you fill your car’s tank with gasoline that is part cellulosic ethanol, an environment-friendly distillate of wood chips, corn cobs, and switch grass? Let me answer for you: No, you don’t. You couldn’t if you wanted to. Petroleum products blended with cellulosic ethanol aren’t commercially available, because the technology for mass-producing cellulosic ethanol hasn’t been perfected. None of which has stopped the Environmental Protection Agency from imposing hefty yearly fines on oil refiners. According to the The New York Times, in 2011 automotive fuel producers were assessed $6.8 million in penalties. That amount is expected to climb dramatically...
  • Udall and Bennet Side With Obama on Key Energy Vote

    06/23/2012 6:32:17 AM PDT · by george76 · 11 replies
    The Colorado Observer ^ | June 21, 2012 | Mark Stricherz
    Colorado’s two Democratic senators sided with the White House on Wednesday when they voted to affirm what one GOP senator called “the centerpiece of President Obama’s war on coal.” The rule, which proponents say is necessary to limit harmful emissions from coal-fired power plants, but that opponents say will destroy jobs and cause energy prices to skyrocket, narrowly survived an attempt at repeal yesterday. Mark Udall and Michael Bennet opposed a measure that would have overturned the controversial EPA rule. The measure failed on a 46-to-53 vote yesterday. ... Udall and Bennet joined seven other Senate Democrats from major coal-producing...
  • EPA blasted for requiring oil refiners to add type of fuel that's merely hypothetical

    06/22/2012 2:46:19 PM PDT · by kingattax · 14 replies
    FoxNews ^ | June 21, 2012 | Jim Angle
    Federal regulations can be maddening, but none more so than a current one that demands oil refiners use millions of gallons of a substance, cellulosic ethanol, that does not exist. "As ludicrous as that sounds, it's fact," says Charles Drevna, who represents refiners. "If it weren't so frustrating and infuriating, it would be comical." And Tom Pyle of the Institute of Energy Research says, "the cellulosic biofuel program is the embodiment of government gone wild." Refiners are at their wit's end because the government set out requirements to blend cellulosic ethanol back in 2005, assuming that someone would make it....
  • The Coming Oil Crash (Good News! Gas Prices Could go Down to $2 a Gallon by Autumn)

    06/20/2012 9:19:43 AM PDT · by nickcarraway · 57 replies
    Foreign Policy ^ | JUNE 19, 2012 | Steve Levine
    My mom out in California is elated -- gasoline prices in her neighborhood are below $4 a gallon for the first time in four months. Less so are the world's petro-rulers, who are watching the price of oil -- their life blood -- plunge at a rate they have not experienced since the dreaded year 2008. Industry analysts are using phrases such as "devastation" and "severe strain" to describe what is next for the petro-states should prices plummet as low as some fear. No one is as yet forecasting a fresh round of Arab Spring-like regime implosions. But that's the...