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Keyword: gas

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  • Electricity Price Surged to All-Time Record for March

    04/16/2014 7:00:11 PM PDT · by george76 · 20 replies
    CNSNews ^ | April 16, 2014 | Terence P. Jeffrey
    The average price for a kilowatthour (KWH) of electricity hit a March record of 13.5 cents, according data released yesterday by the Bureau of Labor Statistics. That was up about 5.5 percent from 12.8 cents per KWH in March 2013. ... The BLS’s seasonally adjusted electricity price index rose to 209.341 this March, the highest it has ever been, up 10.537 points—or 5.3 percent--from 198.804 in March 2013. ... per capita electricity production peaked in the United States in 2007.
  • DEVELOPING: Possible Chemical Weapons Attack in Syria

    04/11/2014 1:47:40 PM PDT · by tcrlaf · 27 replies
    The Interpreter ^ | 4-11-2014 | James Miller
    There are reports of a possible chemical weapons attack in at least one area of Syria, but possibly more. Below we will be analyzing the information as it comes in. 2034 GMT: A potentially very important video. This claims to have been taken this evening in Kafr Zita, and it is uploaded by a channel that has posted videos nearly exclusively from Kafr Zita. It claims to show a helicopter dropping a barrel bomb filled with the chemical weapons. SNIP- Just today, the Local Coordination Committees reported that five people were killed in Harasta and several more were injured in...
  • Rep. Petri (R-WI) Voted Twice in Favor of “Obama’s War on Coal”

    04/09/2014 9:16:30 AM PDT · by george76 · 7 replies
    media trackers ^ | April 07, 2014 | Brian Sikma
    The Wisconsin congressional district represented by Rep. Tom Petri (R) stands to lose nearly 2,000 jobs because of the Obama Administration’s “War on Coal,” but Petri has twice voted to let some of those more controversial – and burdensome – regulations stand. A nationwide analysis by the Heritage Foundation concludes that Wisconsin will lose an estimated 11,702 jobs thanks to Obama environmental regulations. The sixth district alone will lose more jobs than any other congressional district in the country the study concludes. ... Petri was the only Republican from Wisconsin to vote against suspending the rule. Voting with Petri was...
  • It's On: Gazprom Prepares "Symbolic" Bond Issue In Chinese Yuan

    04/10/2014 11:07:29 AM PDT · by tcrlaf · 13 replies
    Zerohedge ^ | 4-10-2014 | Tyler Durden
    Curious what the fate of the petrodollar is? Look no farther than this Interfax update blasted moments ago by Bloomberg: "Gazprom Considers 'Symbolic' Yuan Bond Issue, Interfax Says." Bloomberg adds that the gas giant is considering proposals from potential organizers to market bonds in yuan, Interfax reports, citing people with knowledge of the matter. -Gazprom unlikely be able to gain more than $300m due to mkt volume, newswire reports -No mandates, deal timeline yet -Issue may add new investors, become a “topical” public relations act amid tensions with U.S., EU Well, yes. It's called "symbolic" for a reason. More importantly,...
  • Ukraine Rejects Gas Price Rise Set By Russia

    04/05/2014 6:56:40 AM PDT · by Fennie · 124 replies
    AGI ^ | April 5, 2014
    (AGI) Kiev, April 5 - Ukraine has declared that they will not pay the price of almost 500 dollars per cubic metre for Russian gas, announced recently by the Russian gas consortium Gazprom. Kiev has also accused Moscow of conducting 'economic' aggression'. "Political presure will prove useless, we are not accepting the price of 500 dollars", Ukrainian Prime Minister Arseniy Yatsenuk said during a cabinet meeting. He added: "Russia has not succeeded in conquering Ukraine with military aggression, so now they are opting for an economic aggression."
  • US Criticizes Russia's Gas Price Hike for Ukraine

    04/04/2014 8:49:23 AM PDT · by Jim Robinson · 36 replies
    Voice of America ^ | April 4, 2014
    The White House objected to Russia's increase in natural gas prices for Ukraine on Thursday and said markets should determine prices. White House Spokesman Jay Carney spoke after Russian natural gas producer Gazprom announced it would virtually double the gas price for Ukraine to $485 per 1,000 cubic meters this month, which Ukraine said was politically motivated. “That kind of action taken coercively against Ukraine is something we oppose,” Carney told reporters. “We believe that markets should determine energy prices.”
  • Moscow Calls on Ukraine to Pay Down Its Gas Debt

    04/03/2014 11:43:05 AM PDT · by Jim Robinson · 2 replies
    ABC News/AP ^ | April 3, 2014 | By NATALIYA VASILYEVA Associated Press
    Russia is tightening its economic screws on Ukraine, ordering Thursday a further increase in the price of gas it sells to the country and asking that past bills — which are growing by the day — be paid. Ukraine, whose economy is on the brink of collapse as it awaits international aid, relies on Russia for almost all its energy. Russia had been giving it discounts on gas as long as the government was willing to have close ties with Moscow. Now that the new government has signed a partnership with the European Union instead, those favors are being pulled...
  • Russia raises gas prices for Ukraine by 80 percent

    04/03/2014 11:34:42 AM PDT · by Jim Robinson · 30 replies
    Reuters ^ | April 3, 2014 | By Svetlana Burmistrova and Natalia Zinets
    * White House criticises Gazprom's move MOSCOW/KIEV, April 3 (Reuters) - Russia raised the gas price for Ukraine on Thursday for the second time this week, almost doubling it in three days and piling pressure on a neighbour on the brink of bankruptcy in the crisis over Crimea. The increase, announced in Moscow by Russian natural gas producer Gazprom, means Ukraine will pay 80 percent more for its gas than before the initial increase on Monday.
  • US gasoline prices reach six-month high as ethanol climbs

    04/02/2014 6:58:35 AM PDT · by thackney · 33 replies
    Bloomberg News via Fuel Fix ^ | April 2, 2014 | Barbara Powell
    Link only due to Bloomberg content
  • Financial questions seen for US shale gas, tight-oil plays

    04/02/2014 7:14:39 PM PDT · by Lorianne · 5 replies
    Oil & Gas Journal ^ | 25 March 2014 | OGJ editors
    Financial problems of operators in US shale gas and tight oil plays might hold production growth below current expectations, according to the author of a March comment published by the Oxford Institute for Energy Studies (OIES). But a reorientation of the industry toward “the most commercially sustainable areas” of unconventional-resource plays might extend the period of growth, writes the analyst, Ivan Sandrea, an OIES research associate and senior partner of Ernst & Young London. The producing industry has demonstrated it can create opportunities, innovate operationally, and address environmental issues despite evolving government policies and questions of public acceptance, Sandrea writes....
  • Passing gas 101: What your flatulence patterns mean for your health

    04/01/2014 10:52:40 AM PDT · by US Navy Vet · 95 replies ^ | April 01, 2014 | By Loren Grush
    Passing gas: Everybody does it – and no one wants to admit it. This embarrassing habit may seem foul, but breaking wind is simply an unavoidable byproduct of our daily digestion. In fact, the average individual can pass gas anywhere from 13 to 21 times a day. But your gaseous patterns can actually speak volumes about your health, especially in regards to your eating habits, and they may even serve as an indication of larger digestive health issues. “People who produce excessive amounts of gas and particularly foul smelling gas – if you’re eating a super high fiber diet, that...
  • The Smartest Guy in the Room?

    04/01/2014 9:38:02 AM PDT · by dvan · 18 replies
    email | 4/1/2014 | unknown
    I was just thinking about Enron and all those guys we put in jail… So, the Ukraine buys almost all its energy (natural gas) from Russia. Revenues from natural gas sales are a primary source of income for Russia. Because of the recent disagreement between Ukraine and Russia, Russia is raising the price of natural gas it sells to Ukraine. Ukraine is almost broke and can't afford the increase in the natural gas price because it would be forced into bankruptcy. Obama just announced the United States is giving Ukraine $1 billion to assist in paying for the higher priced...
  • ZUBRIN: The folly of blocking natural-gas exports

    04/01/2014 7:07:58 AM PDT · by jmcenanly · 2 replies
    The Washingto Times ^ | Monday March 31, 2014 | Robert Zubrin
    The boom in American natural-gas production during the past several years, and the consequent crash of domestic natural-gas prices, has caused many to call for the liberation of U.S. natural-gas exports. The ongoing Russian invasion of the Crimea and threat to the rest of Ukraine has added still greater urgency to these calls, as the need take action to weaken Russian President Vladimir Putin’s natural-gas stranglehold over Europe has become vital. Despite these economic and national security imperatives, there are still those who maintain that allowing American natural-gas producers to export their product would damage the national interest. According to...
  • Sage Grouse Rebellion

    03/30/2014 10:38:30 AM PDT · by george76 · 42 replies
    wsj ^ | March 11, 2014
    Will Obama use two small birds to limit oil drilling in the West? Almost half the land west of the Mississippi belongs to the federal government, including 48% of California, 62% of Idaho and 81% of Nevada. No surprise that the Obama Administration wants to control more. But the result could be to suppress the country's booming oil and gas development. In partnership with green activists, the Department of Interior may attempt one of the largest federal land grabs in modern times, using a familiar vehicle—the Endangered Species Act (ESA). A record 757 new species could be added to the...
  • Ukraine warns EU that transit of Russian gas via Ukraine territory may stop

    03/27/2014 12:19:40 PM PDT · by tcrlaf · 50 replies
    ITAR-TASS ^ | 3-27-2014 | ITAR-Tass
    KIEV, March 27. /ITAR-TASS/. A warning came to the European Union that transit of Russian natural gas to the EU via Ukrainian territory may stop. This warning is made in a letter Yuriy Prodan, appointed by the Supreme Rada as minister of energy and coal industry of Ukraine, addressed to EU Energy Commissioner Guenter Oettinger, the press service of the Ministry of Energy and Coal Industry reports.
  • Wyo spent $7.9 million on sage grouse conservation, Barrasso on LNG exports and more

    03/26/2014 8:24:54 AM PDT · by george76 · 10 replies
    Star-Tribune ^ | March 26, 2014 | BENJAMIN STORROW
    Wyoming has spent $7.9 million on sage grouse conservation since 2005. That was the finding of a new report by the Western Governors Association, which inventoried the efforts of 11 western states to protect the bird and its habitat. The report comes in advance of an expected 2015 ruling by the U.S. Fish and Wildlife Service over whether to add the species to the endangered species list. The sage grouse's listing could curtail energy development throughout the West. ... Utah, by comparison, spent $8.8 million on improvements to sage grouse habitat in 2013 alone.
  • Drilling, Fracking Efficiency Fuels Oil and Gas Boom

    03/25/2014 9:41:06 PM PDT · by ckilmer · 5 replies
    climatecentral ^ | : March 23rd, 2014 | Bobby Magill
    Drilling, Fracking Efficiency Fuels Oil and Gas Boom Published: March 23rd, 2014   By Bobby Magill Technological advances in drilling efficiency are one of the reasons shale oil and natural gas production continues to skyrocket in six of America’s biggest oil and natural gas fields, according to a new U.S. Energy Information Administration report.Production of crude oil and natural gas through the use of hydraulic fracturing, or fracking, is considered to have a significant effect on climate change because of methane leaks in the natural gas distribution system that haven’t been quantified yet. And, burning crude oil is a direct emitter...
  • 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...
  • Natural gas turned into usable fuels with cleaner, cheaper new method

    03/14/2014 12:56:06 PM PDT · by ckilmer · 25 replies ^ | Mar 14, 2014 10:36 AM ET
    Natural gas turned into usable fuels with cleaner, cheaper new method U.S. scientists discover less complex way of converting gas into liquid products Thomson Reuters Posted: Mar 14, 2014 10:36 AM ET Last Updated: Mar 14, 2014 10:36 AM ET 'The U.S. has a glut of natural gas, and there are not that many ways to efficiently use it, said Brigham Young University's Daniel Ess, one of the scientists involved in the research. (Sue Ogrocki/Associated Press)     Facebook   8     Twitter   0     Reddit         Share   8     Email...
  • Nations dependent on Russian supplies plead for US gas exports

    03/12/2014 7:03:44 AM PDT · by SeekAndFind · 20 replies
    American Thinker ^ | 03/12/2014 | Thomas Lifson
    Fracking is a strategic weapon in the US arsenal that, instead of costing billions of dollars, actually generates tax revenues and prosperity. It should be obvious that rapid expansion of gas production and gas export terminals is an imperative for the economy and national security. It already is obvious to counties in Europe that face Russian blackmail over their natural gas supplies. Jonathan Broder reports in Roll Call: Over the past few weeks, ambassadors from Eastern and Central Europe, the Baltic states and Greece have met with Republican members of the House Energy and Commerce Committee, including Chairman Fred Upton of Michigan...
  • 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...
  • European countries to America: Give us your gas

    03/10/2014 6:19:33 PM PDT · by SeekAndFind · 31 replies
    Hotair ^ | 03/09/2014 | Erika Johnsen
    In light of the recent crisis instigated by Russia, lawmakers have lately been pushing the Obama administration to expedite the more than twenty outstanding applications from energy companies for permission to export more natural gas into the world market — and a handful of central European countries are decidedly for it. They have recently developed infrastructure advancements that have made it possible for gas that normally flows through Ukraine to the EU to also flow in the other direction, meaning that the EU can and in fact has been shipping gas to the Ukraine, and these ambassadors are hoping that...
  • Israel’s Big Gusher: The Next Middle East Energy Power House

    03/07/2014 1:33:16 PM PST · by SeekAndFind · 24 replies
    Slate ^ | 02/27/2014 | Martin Fletcher
    Forget olive oil. Israel’s offshore drilling is about to make it the Middle East’s next energy exporter. It wasn’t long ago that Israel’s oil and gas industry was the territory of wishful thinkers like John Brown, a born-again Christian from Texas who saw a map to oil gushers in readings of the Bible. In the 1980s, I interviewed his site manager, also a born-again Christian, who told me that the Lord had bequeathed oil to his chosen people. In a cluttered cabin in the hills of central Israel, the rangy Texan leafed through his copy of the Bible and read...
  • Russia backs Crimea vote, dismisses sanctions

    03/07/2014 3:25:59 AM PST · by SoFloFreeper · 3 replies
    CNN ^ | 3/7/14 | Laura Smith-Spark and Alla Eshchenko
    ussia's parliament gave its defiant support Friday to Crimean lawmakers who want to see their region split from Ukraine and join Russia, saying no sanctions imposed by the United States or Europe will change its mind...
  • Threat of sage grouse endangered species listing is real, could cost Utah billions

    03/05/2014 9:22:47 AM PST · by george76 · 22 replies
    Deseret News ^ | Feb. 18 2014 | Amy Joi O'Donoghue
    The sage grouse's potential addition to the endangered species list is a problem of epic economic consequences to states in the West, with Herbert explaining that the impact in lost economic development in Utah tops $41 billion for the oil and gas industry alone. "The negative impacts are not acceptable to me and should not be acceptable to anyone here," Herbert told the crowd. The event at the Utah Department of Natural Resources' auditorium is actually a precursor to a national summit that will be held in Salt Lake City this fall. ... a U.S. Fish and Wildlife Service decision...
  • Russian Invasion Highlights American Need for Energy Independence

    03/04/2014 5:42:49 PM PST · by rightwingerpatriot · 2 replies ^ | March 4, 2014 | Rightwingerpatriot
    The Russian invasion of Ukraine in the Crimea has once again highlighted the vital power and significance of energy. You would think an assault upon a neighbor of the European Union, especially one that had been close to integrating more with the EU, would have Europe in an uproar. However, Europe is behaving like a timid kitten in the face of Putin's naked aggression. One of the key reasons is their need for energy. A great deal of Europe's gas passes through Ukraine from Russia. In the past, Putin has stopped the flow when in dispute with Europe with the...
  • 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...
  • UPDATE 1-Texas grid extends power conservation call as cold boosts usage, prices

    03/03/2014 4:03:21 PM PST · by george76 · 16 replies
    Reuters ^ | March 3, 2014
    The Texas electric grid operator extended its call for residents and businesses to conserve power until Tuesday morning as a late arctic cold front that barreled as far as South Texas boosted the state's electricity consumption to a monthly record on Monday. The Electric Reliability Council of Texas (ERCOT), the state's primary grid, had issued a public call for conservation on Sunday evening, citing freezing temperatures that would strain available generation capacity. "With the continued cold weather, we expect conditions to remain tight, especially during the early evening tonight and early morning hours tomorrow," said Dan Woodfin, director of system...
  • Ukraine Has Only 4 Months Of Gas Stocks Without Russia

    03/03/2014 1:50:49 PM PST · by SeekAndFind · 8 replies
    Zero Hedge ^ | 03/03/2013 | Tyler Durden
    Having explained the Ukraine "situation" in one map, it appears the inter-connectedness of Ukraine and Russia is becoming any increasingly problematic part of the current crisis. As Reuters reports, absent Russian gas, Ukraine's natural gas stocks can meet just 4 months of demand. The modest silver-lining is that the stocks are generally in the west of the country (away from potential Russian intervention) but it bears noting that Ukraine meets around half its gas demand through Russian imports (and Russia has cut supplies in the past). The situatio is not just energy though as Bloomberg notes, that Ukraine relies...
  • In Order to Control Gas Pipelines to Europe, Putin Needs to Conquer ALL of Ukraine

    03/03/2014 10:16:08 AM PST · by Reaganite Republican · 32 replies
    Reaganite Republican ^ | 03 March 2014 | Reaganite Republican
    Otherwise, rump Ukraine will simply shut the taps...         h/t FReeper Meatloaf
  • Putin's War in Crimea Could Soon Spread to Eastern Ukraine and nobody can stop him

    03/01/2014 9:12:13 PM PST · by 2ndDivisionVet · 59 replies
    The New Republic ^ | March 1, 2014 | Julia Ioffe
    Vladimir Putin has asked the Federation Council—the upper chamber of Russia's dummy parliament—to authorize the use of force not just in Crimea, but "on Ukraine's territory until the socio-political situation is normalized." And though American spies and the Washington Post categorically ruled this out just days ago, this was not entirely unexpected. The situation is changing rapidly, but here are some initial thoughts. Why is Putin doing this? Because he can. That's it, that's all you need to know. The situation in Kiev—in which people representing one half of the country (the Ukrainian-speaking west) took power to some extent at...
  • Shale brings high hopes in Mississippi, Louisiana

    03/01/2014 7:25:36 AM PST · by Wonder Warthog · 9 replies
    Abilene Reporter-News ^ | February 27, 2014 | Jeff Amy
    GILLSBURG, Miss. (AP) — Residents living above an oil-rich shale formation that stretches across southwest Mississippi and Louisiana have been waiting on a boom for years. A steady trickle of drilling is already boosting the rural region's economy, and spending by two oil companies could make 2014 the year that many other locals finally cash in on the oil far beneath their feet. Already, Max Lawson has spent hours watching the round-the-clock work of shoving pipe into the ground in his back pasture. The process began two years ago when Encana Corp. built a big gravel pad, but didn't take...
  • Sage-grouse could become mining’s ‘Spotted Owl on Steroids’ - AMEA

    02/27/2014 9:31:25 AM PST · by george76 · 19 replies
    MINEWEB ^ | 04 Feb 2014 | Dorothy Kosich
    Federal designation of the Greater Sage-grouse as threatened or endangered could result in the withdrawal of over 17 million acres from mining ... Bureau of Land Management and the U.S. Forest Service of making an unprecedented attempted to limit multiple use on public lands through use of “the Spotted Owl on Steroids”—the Greater Sage-Grouse. ... BLM and Forest Service’s real purpose “is NOT sage-grouse conservation.” “Rather, the so-called conservation measures are designed to: Find another way to implement the draconian land use restrictions in the aborted Wild Lands Policy and Secretarial Order 3310; Dramatically reduce and even prevent mining, energy...
  • 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...
  • Automakers continue to quietly void warranties if you use E-15 gas

    02/01/2014 7:34:04 AM PST · by SeekAndFind · 84 replies
    Hotair ^ | 02/01/2014 | Jazz Shaw
    It seems to be a growing trend that motorists are shopping around for gas stations which offer ethanol free gas, even if they have to pay a bit more per gallon to get it. Distributors are noticing, and more and more stations are featuring this option. (You can find a list of such stations near you here.) I noticed this myself during a recent trip in New York, and now it’s showing up further south as well. Arthur Wyckoff III has sworn off alcohol — in his gasoline.“I make it a point, before I get real low, to make it...
  • The dirty little secret on Sage Grouse ( Montana and )

    01/30/2014 9:56:26 PM PST · by george76 · 24 replies
    Clark Fork Valley Press ^ | January 29, 2014 | Schwaderer
    It’s no coincidence that sage grouse habitat also happens to intersect both the largest untapped coal deposits in the country as well as large parts of the Bakken oil field. It’s clear the primary motivation to focus on sage grouse for ESA listing is to provide yet another tool for special interest groups to block energy development. And in this obstructionist toolbox, there’s no heavier sledgehammer than the Endangered Species Act. What an interesting irony, then, that so much effort is going into “protecting” one bird from energy development, when the Obama administration is turning a blind eye to hundreds...
  • Opera singer ‘can’t work’ over uncontrollable flatulence

    01/27/2014 7:36:56 PM PST · by ConservativeStatement · 51 replies
    New York Post ^ | January 27, 2014 | David K. Li
    An opera diva claims her career might be over — because she can’t belt out big notes without passing gas. Singer Amy Herbst is suing an Army hospital over allegedly botching a procedure that’s forced her off stage with chronic incontinence and flatulence. The opera performer and her hubby, US Army Staff Sgt. James Herbst, are plaintiffs in the federal complaint against Fort Campbell’s Blachfiled Army Community Hospital in Kentucky.
  • Awaiting nat gas's next thrust

    01/24/2014 8:56:10 PM PST · by ckilmer · 13 replies
    marketwatch ^ | Jan. 24, 2014, 3:57 p.m. EST | Mike Paulenoff
    Natural gas had a wild overnight session, where nearby futures climbed from Thursday's pullback low at 4.653 to a new multi-year high at 4.996.
  • U.S. propane shortage deepens as cold snap reaches Midwest

    01/23/2014 9:57:57 AM PST · by topher · 83 replies
    Reuters ^ | Tue Jan 21, 2014 2:14pm EST | By Sabina Zawadzki
    (Reuters) - U.S. Midwestern states are scrambling to address a deepening shortage of the home-heating fuel propane just as another cold snap envelops the region, threatening to strain supplies that are already at historic lows. Demand has been boosted by the combination of record freezing weather at the start of this year and a late, wet, record corn harvest last October and November, when large quantities of propane were used to dry out crops. Propane stocks have been drained and prices in the region are the highest since at least 1990.
  • 25 Fuel Efficient Cars That Are Not Hybrids

    01/19/2014 7:58:40 AM PST · by 2ndDivisionVet · 84 replies
    MPG-O-Matic ^ | January 1, 2014
    Are you thinking about buying a new fuel efficient car but are wary of hybrid technology? Fear not! There are dozens of cars on the market today that deliver great fuel economy without resorting to heavy and expensive battery packs. While most of these vehicles are designed to run on petroleum products (either conventional gasoline or diesel fuel), the Ford Focus SFE is a FlexFuel vehicle that can run on 100% domestic E85 ethanol fuel as well as conventional unleaded gasoline. 2014 Ford Focus five-door E85 holds a significant price advantage over regular unleaded gas in some parts of the...
  • There's A Huge Bullish Story On Energy And The Economy And It's Sitting Right Below The Radar

    01/09/2014 10:46:29 PM PST · by ckilmer · 26 replies
    businessinsider ^ | 1/9/2014 | Rob Wile
    There's A Huge Bullish Story On Energy And The Economy And It's Sitting Right Below The Radar Rob Wile Yesterday at 9:34 AM 4 Williston, North Dakota Economists have recently been scrambling to crank up there U.S. GDP growth forecasts.“What’s going on here?” asked Potomac Research Group’s Greg Valliere. “In a word, it’s energy.”In a note today, Valliere called this a huge story that’s below most people’s radar.As Bloomberg’s Bob Ivry said this morning about the Great American Shale Boom: “Nobody Expected U.S. Oil Boom to Be This Boomy.”It’s basically true — there have been lots of doubters who’ve argued...
  • U.S. Growth Picture Brightens as Exports Hit Record

    01/07/2014 9:08:38 PM PST · by ckilmer · 8 replies
    wsj ^ | Jan. 7, 2014 6:33 p.m. ET | Jeffrey Sparshott
    Energy Boom Helps Narrow Trade Gap
  • The Great American Oil & Gas Boom & the Future of Iran

    01/07/2014 8:43:59 PM PST · by ckilmer · 9 replies
    The Great American Oil & Gas Boom & the Future of Iran No country, No Nation, has ever added oil production capacity – yes ever – like the United States has in the past few years. America has gone from producing 5 Million barrels of oil per day in 2011 to over 7.5 Million barrels this past year; and will soon surpass 10 Million barrels of oil production domestically. It’s an incredible oil boom that will have a profound impact on the lives of ordinary Americans. By the time Obama leaves office, he will have presided over a country that...
  • North America’s real energy superpower. (Hint: it’s not Canada)

    01/01/2014 7:22:55 AM PST · by ckilmer · 26 replies
    macleans ^ | Tuesday, December 31, 2013 3:31pm | Jason Kirby
    North America’s real energy superpower. (Hint: it’s not Canada) by Jason Kirby on Tuesday, December 31, 2013 3:31pm - 14 Comments VIEW IN CLEAN READING MODE » WHAT IS THIS ?   Yesterday the White House took to Twitter to boast that in 2014, for the first time in two decades, America will import less oil than it produces. Aside from the dubious notion that the Obama administration can claim responsibility for the development, the accompanying chart was fascinating. We’re witnessing a monumental shift in the balance of energy power in the world, one that’s likely to have a profound impact on the...
  • Train Derailment West of Casselton [ North Dakota ]

    12/30/2013 1:43:04 PM PST · by george76 · 18 replies
    KVLY ^ | Dec 30, 2013 | Ben Holbert
    BREAKING NEWS: A train is derailed west of Casselton, North Dakota. It happened at 35th Street and 154th Avenue Southeast just before 2:20 p.m. Monday. Several area emergency teams are on scene and are setting up an incident command center. A viewer who is about a half mile from the derailment tells Valley News Live she can see large flames. Several train cars are on fire and huge plumes of black smoke can be seen for miles. Emergency crews are urging people to stay inside and a code red alert has been sent out to residents in a two mile...
  • Sen. Grassley supports ethanol production despite negative claims

    12/20/2013 11:02:32 AM PST · by TurboZamboni · 12 replies
    WQAD ^ | 11-13-13 | Katrina Lamansky,
    Iowa Senator Chuck Grassley sides with the Iowa Corn Growers Association as ethanol production came under fire. According to an investigation by the Associated Press, ethanol production puts added stress on the environment through erosion and fertilizer pollution. AP reported that “the ethanol era has proven far more damaging to the environment than politicians promised and much worse than the government admits today.” The Iowa Corn Growers Association disagreed, saying they have reduced fertilizer use and that plants have become more efficient in utilizing what they produce.
  • U.S. Senators introduce bill to eliminate corn ethanol mandate

    12/12/2013 12:56:09 PM PST · by thetallguy24 · 26 replies
    Reuters ^ | 12/12/2013 | Timothy Gardner
    WASHINGTON (Reuters) - A group of 10 U.S. Senators introduced a bipartisan bill on Thursday to eliminate the corn ethanol mandate, arguing that current law raises the cost of food and animal feed and damages the environment. The bill, introduced by Dianne Feinstein, a California Democrat; Tom Coburn, an Oklahoma Republican; and eight cosponsors, faces an uphill battle as many lawmakers from agricultural states support the Renewable Fuel Standard (RFS)that dictates that rising volumes of ethanol made from grains, including corn, be blended into motor fuel. Feinstein said the bill supports development of advanced biofuels, including those from made from...
  • Google execs got discount on jet fuel, says NASA

    12/12/2013 5:53:12 AM PST · by KeyLargo · 22 replies
    Market Watch ^ | Dec 12, 2013 | Mark Maremont
    Dec. 12, 2013, 2:39 a.m. EST Google execs got discount on jet fuel, says NASA By Mark Maremont Top Google Inc. executives saved millions of dollars by flying their private jet fleet on discounted fuel purchased from the federal government that they weren’t entitled to buy, according to a new inspector general review released Wednesday. The report, by the inspector general of the National Aeronautics and Space Administration, said the Google executives only were authorized to buy the discounted fuel for government business, but instead for six years also were allowed to purchase it for private flights. Click to Play...
  • Two-year schools help to fill needs of growing natural gas industry

    12/11/2013 3:01:22 AM PST · by 2ndDivisionVet · 7 replies
    The Pittsburgh Tribune-Review ^ | September 18, 2013 | Tory N. Parrish
    Pittsburgh Technical Institute student, Kenny Esposito, of Weirton WV, examines a pressure sensor during a class focused on the oil and gas industry at PTI in Oakdale, Thursday.Jonathan Ressler knew he didn't want to spend the money or the time required to earn a four-year college degree to add to his high school diploma. He enrolled two years ago at Pittsburgh Technical Institute in North Fayette to study for an associate degree in the school's electronics engineering program. PTI's addition of an oil and gas electronics program in July sweetened the pot, said Ressler, 20, of Alum Bank, Bedford County....
  • Seymour Hersh Alleges Obama Administration Lied on Syria Gas Attack

    12/09/2013 12:12:42 PM PST · by LeoWindhorse · 26 replies
    The Wire ^ | Dec. 8, 2012 | Adrian Lee
    A former senior intelligence official told me that the Obama administration had altered the available information – in terms of its timing and sequence – to enable the president and his advisers to make intelligence retrieved days after the attack look as if it had been picked up and analysed in real time, as the attack was happening.