Keyword: energy

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  • Oilfield activity injects momentum into economy

    09/02/2014 5:10:34 AM PDT · by thackney · 1 replies
    Midland Reporter-Telegram ^ | August 31, 2014 | MellacEwen
    The impact of higher oil and gas activity, fueled by a run-up in crude prices, continued to flow into the general economies of Midland and Odessa in July. Karr Ingham, the Amarillo economist who prepares the Midland-Odessa Regional Economic Index for Midland Development Corp. and Security Bank, said the July index is 6.2 percent higher than the previous July. This is a higher increase than June, which was 5.8 percent above June 2013 levels. Ingham said the increased momentum comes at a time when the Midland-Odessa economy had been reporting shrinking growth rates. “It’s not like we were really seeing...
  • Oil tanker 'vanishes' with $100M cargo off Texas

    09/02/2014 4:29:12 AM PDT · by Enlightened1 · 39 replies
    WFAA ^ | 08/31/14 | Neal Colgrass
    The U.S. Coast Guard has lost track of a Kurdish tanker carrying $100 million in disputed oil off the coast of Texas, the Independent reports. Headed for Galveston, the United Kalavyrvta was anchored at least 60 miles off-shore when it vanished from radar screens. The ship's haul fell under legal dispute when Iraq filed a lawsuit in U.S. courts, urging American officials to grab the ship's oil in Galveston because it belongs to Iraq, not the Kurdish National Government.
  • Kirk Sorensen: An Update On The Thorium Story China sprints while the West slumbers

    08/31/2014 9:20:43 PM PDT · by ckilmer · 2 replies
    peakprosperity ^ | Sunday, August 31, 2014, 11:54 AM | Adam Taggart
    Home Podcast   concept w/Shutterstock iTunes | Download | Report Problem Kirk Sorensen: An Update On The Thorium Story China sprints while the West slumbers by Adam Taggart Sunday, August 31, 2014, 11:54 AM   Two years ago, we interviewed Kirk Sorensen about the potential for thorium to offer humanity a safe, cheap and abundant source of energy.He is an active advocate for developing liquid fluoride thorium reactor (LFTR) technology, the details of which were covered in our earlier podcast: A Detailed Exploration of Thorium's Potential As An Energy Source. That interview concluded with Kirk's observation that the West...
  • Sheriff's Staff Calls Response to Metcalf Attack a Debacle

    08/30/2014 2:31:26 PM PDT · by nickcarraway · 17 replies
    NBC Bay Area ^ | Wednesday, Aug 27, 2014
    It was a major attack on a South Bay electrical substation, but first responders are now saying that a member of Congress—and the public—may not be getting the truthThree members of the Santa Clara County Sheriff’s Office who responded to a major attack on a South Bay electrical substation last year recently revealed their belief that those in charge mishandled critical decisions just hours after the incident. Around 1:30 a.m. on April 16 last year, an attacker or attackers opened fire on Pacific Gas and Electric Company’s Metcalf substation located off Highway 101 in south San Jose. Bullets from a...
  • US Shale: What Lies Beneath

    08/29/2014 8:02:29 PM PDT · by Lorianne · 25 replies
    Financial Times ^ | 26 August 2014 | Ed Crooks
    In a clearing in a cornfield in the Eagle Ford region of south Texas, the rig drilling the Sisti A3 well for ConocoPhillips looks very similar to the ones that have been working in the state’s shale reserves for more than a decade. But a mile or two below the surface, the way the wells operate has changed radically. Since 2012, Conoco has doubled the volume of ceramic proppant – a sand-like material – it uses for hydraulic fracturing. Mixed with water and pumped into wells at high pressure, the proppant forces open the cracks in the rocks where oil...
  • EU suggests Russia, Ukraine sign interim gas agreement

    08/29/2014 7:42:55 PM PDT · by Lorianne · 2 replies
    Itar-Tass ^ | 27 August 2014
    The E.U. has suggested an interim agreement on the gas supplies between Russia and Ukraine without waiting for a Stockholm arbitrary court decision, E.U. Energy Commissioner Gunther Oettinger said in a news conference following his meeting with Ukrainian President Petro Poroshenko late Tuesday. Two cases are before the Stockholm court, but the hearings will take 12-15 months, which is too long, while Europe needs an interim solution for this winter, Oettinger said. In June, Russian gas giant Gazprom switched Ukraine off gas over the unpaid debt and filed a $4.5 billion suit to the Stockholm arbitration court. Later, Kiev reciprocated...
  • A Big Summer Story You Missed: Soaring Oil Debt

    08/29/2014 1:58:24 PM PDT · by ckilmer · 12 replies
    resilience.org ^ | 8/29/2014 | by Andrew Nikiforuk,
    A Big Summer Story You Missed: Soaring Oil Debt by Andrew Nikiforuk, originally published by The Tyee  | TODAY Over 100 of the world's largest energy companies are running out of cash. Photo of Keystone pipeline in Nebraska by Shannon Ramos. Creative Commons licensed.Some of the summer's biggest news stories took place in the bombed schools of Gaza, the abandoned hospitals of the Democratic Republic of Congo, the wheat fields of eastern Ukraine and the bloody mountains of northern Iraq.But one of the most important made virtually no headlines at all, and seemed to only appear on the website of...
  • Mystery of the missing tanker: Ship carrying $100million in Kurdish oil vanishes from radar screens

    08/29/2014 9:36:25 AM PDT · by ColdOne · 38 replies
    dailymail.co.uk ^ | 8/29/14 | Jack Crone for MailOnline and Louise Boyle and Reuters
    full title....Mystery of the missing tanker: Ship carrying $100million in Kurdish oil vanishes from radar screens 60 miles off the coast of Texas A tanker loaded with $100 million of crude oil that has been at the center of a dispute over Iraq's oil billions vanished off the coast of Texas on Thursday. The Kurdish tanker disappeared from Coast Guard radar screens following a month of legal wrangling over whether it can offload its cargo in the U.S. As the disintegration of Iraq amid mounting violence continues, the semi-autonomous regime in Kurdistan – in the north of Iraq – is...
  • Disputed Kurdish oil tanker mysteriously goes dark off Texas coast

    08/29/2014 5:38:21 AM PDT · by TigerLikesRooster · 19 replies
    Reuters ^ | Aug. 29, 2014 | Terry Wade and Anna Louie Sussman
    Disputed Kurdish oil tanker mysteriously goes dark off Texas coast Reuters By Terry Wade and Anna Louie Sussman A tanker near Texas loaded with $100 million of disputed Iraqi Kurdish crude has disappeared from satellite tracking, the latest development in a high stakes game of cat-and-mouse between Baghdad and the Kurds. The AIS ship tracking system used by the U.S. Coast Guard and Reuters on Thursday showed no known position for the United Kalavrvta, which was carrying 1 million barrels of crude and 95 percent full when it went dark. The AIS ship tracking system used by the U.S. Coast...
  • Iraq To Appeal US Court Decision On Kurdish Oil

    08/29/2014 8:24:13 AM PDT · by thackney · 11 replies
    Reuters via Rig Zone ^ | August 28, 2014 | Reuters
    The Iraqi oil ministry said on Thursday it would challenge a U.S. court decision that stopped U.S. Marshals from seizing some one million barrels of disputed Kurdish oil docked near Texas. On Monday, a U.S. district court ruled in favour of a request by Iraq's Kurdish region that a demand by the Iraqi government for U.S. authorities to seize the Kurdish oil shipment be scrapped. However, the court gave Baghdad 10 days to resubmit its case. "The ministry of oil is emphasising that it is preparing the amended request and will forward it in the required period," the oil ministry...
  • Fracking report clears way for California oil, gas leasing to resume

    08/29/2014 7:15:32 AM PDT · by thackney · 15 replies
    LA Times ^ | 8/28/2014 | JULIE CART
    The federal government will resume oil and gas leasing in California following a report released Thursday that found little scientific evidence that fracking and similar extraction techniques are dangerous. The Bureau of Land Management said the report — and additional environmental reviews — will allow it to begin leasing on public land next year. The announcement is welcome news for energy companies that have been shut out of the oil-rich San Joaquin Valley and Central Coast. But critics, including environmental organizations whose lawsuits led to a judge's order to halt leasing last year, said the analysis was rushed by the...
  • Exclusive: Morgan Stanley plans natural gas export plant in new commodities foray {CNG}

    08/29/2014 7:04:41 AM PDT · by thackney · 3 replies
    Reuters ^ | Aug 29, 2014 | ANNA LOUIE SUSSMAN
    Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business. In a 23-page application to the U.S. Department of Energy's Office of Fossil Energy submitted in May, the Wall Street bank outlined a proposal to build, own and operate a compression and container loading facility near Freeport, Texas, which will have capacity to ship 60 billion cubic feet a year of compressed natural gas (CNG). While the size of the...
  • Drilling Furiously: Chinese Energy Giants Turn Upbeat on Shale Gas

    08/29/2014 5:23:49 AM PDT · by thackney · 4 replies
    Reuters via Rig Zone ^ | August 29, 2014 | Charlie Zhu
    China's energy heavyweights Sinopec Corp and PetroChina have upgraded their outlook on the country's shale gas industry, citing steadily declining costs, but stopped short of predicting a near-term boom. China, estimated to hold the world's largest technically recoverable shale resources, is hoping to replicate the shale boom that has transformed the energy landscape of the United States. Industry experts caution that it would be much more difficult for China to monetise its shale gas reserves than the U.S. as it faces serious challenges from water shortages to complicated geological structure and a lack of infrastructure. But top executives at China's...
  • Growing global propylene demand leads to new projects

    08/29/2014 5:17:49 AM PDT · by thackney · 9 replies
    Fuel Fix ^ | August 28, 2014 | Rhiannon Meyers
    Growing global demand is pushing a flurry of new construction, especially on the Texas Gulf Coast, of units for direct manufacture of propylene — a key chemical building block historically derived as a byproduct of other processes . In North America, propylene primarily has come from petrochemical plants using petroleum-derived naphtha as a feedstock. But that’s changing as the plants switch to ethane, a natural gas liquid that is now abundant and cheap because of the nation’s surging natural gas production. The ethane feedstock, however, produces little propylene. Propylene supplies have declined, contributing to occasional shortages, according to Enterprise Products...
  • Valero restarts ethanol plant

    08/29/2014 5:14:28 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | August 28, 2014 | Vicki Vaughan
    Valero Energy Corp. has restarted production at a corn ethanol plant in Indiana that was shuttered more than two years ago by its previous owner. San Antonio-based Valero bought the plant in March from Illinois-based Aventine Renewable Energy Holdings Inc. for $34 million, boosting the number of its ethanol plants to 11. Valero has been preparing the plant for a restart since its purchase. Because the plant has been shuttered for almost two years, “it took a lot of preparation and maintenance,” Valero spokesman Bill Day said, but the company didn’t have to add any new equipment. During the time...
  • Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble

    08/29/2014 12:43:49 AM PDT · by wetphoenix · 9 replies
    Exeminer ^ | August 27, 2014 | Kenneth Schortgen Jr
    Aug. 27 will officially go down as a red letter day in the history of reserve currencies and dollar hegemony in how oil and gas are purchased throughout the world. In a new announcement from the Russian business media source, Kommersant, Gazprom has conducted the first sale of oil in a currency other than the dollar, and will henceforth open their purchase window to accept both Roubles and Yuan for the exchange of oil and gas products. Beginning today with an 80000 ton oil shipment from their Arctic fields, Gazprom Neft agreed to new terms on the sale and transfer...
  • New Technology Could End The Debate Over Pipeline Safety

    08/28/2014 2:21:07 PM PDT · by SeekAndFind · 9 replies
    OIL PRICE ^ | 08/28/2014 | James Stafford
    Who could have ever imagined that North America would surpass Saudi Arabia as the world’s largest producer of oil and natural gas liquids? A decade ago, that would have seemed laughable.Yet that’s exactly what has happened; and it’s not just Saudi Arabia that has been left in North America’s dust -- Russia has, too. The surge in North American oil and gas production is arguably the most important development in energy over the last decade. That’s the good news. The not so good news is that North America doesn’t have nearly enough oil and gas pipelines to accommodate its 11-million-barrel-a-day...
  • Kemp: Free Cash Flow Says Little About The Future Of Shale

    08/28/2014 12:48:01 PM PDT · by thackney · 2 replies
    Reuters via Rig Zone ^ | August 28, 2014 | John Kemp
    The independent companies at the forefront of the U.S. shale boom will finally earn enough from selling oil and gas to cover their capital expenditures next year, for the first time since 2008. Free cash flow, which measures operating cash flow minus capital spending, for the 25 leading independent oil and gas producers is expected to show a surplus of $2.4 billion in 2015, according to a consensus forecast in the Financial Times. That compares with a shortfall of around $9 billion in 2013 and $32 billion in 2012. ("Shale oil and gas producers' finances lift growth hopes" FT, Aug...
  • Rail deliveries of U.S. oil continue to increase in 2014

    08/28/2014 12:09:11 PM PDT · by thackney · 4 replies
    Energy Information Administration ^ | 8/28/2015 | Energy Information Administration
    The amount of crude oil and refined petroleum products moved by U.S. railroads increased 9% during the first seven months of this year compared with the same period in 2013. In July, monthly average carloadings of oil and petroleum products were near 16,000 carloads per week, according to the Association of American Railroads (AAR). The increase in oil volumes transported by rail reflects rising U.S. crude oil production, which reached an estimated 8.5 million barrels per day in June for the first time since July 1986. AAR estimates that more than half of the nearly 460,000 carloads tracked in its...
  • America’s coal heartland is in economic freefall — but only the most desperate are fleeing

    08/28/2014 11:46:12 AM PDT · by Brad from Tennessee · 40 replies
    Washington Post ^ | August 28, 2014 | By Chico Harlan
    LOGAN, W.Va. — For 51 years he’d lived in the same hollow and for two decades he’d performed the same job, mining coal from the underground seams of southern West Virginia. Then, on June 30, Michael Estep was jobless. His mine shut down, and its operator said “market conditions” made coal production unviable. What has come since, for Estep, stands as the new Central Appalachian economic experience: a job-hunt in a region whose sustaining industry is in an unprecedented freefall. “I don’t know what to do,” Estep said as unpaid bills piled up, his cable cut to black, and his...
  • Germany's Energy Transition Dream at Risk of Becoming Nightmare

    08/28/2014 8:07:57 AM PDT · by thackney · 23 replies
    Rig Zone ^ | August 27, 2014 | Jon Mainwaring
    Wintershall's head of exploration and production warned Thursday that Germany's 'Energiewende' (or Energy Transition) dream of pursuing an economy powered by the wind and the sun is in danger of turning into a nightmare. Speaking to energy journalists at the ONS exhibition in Stavanger, Norway, Wintershall Executive Director Martin Bachmann said he was concerned about figures recently published by Statistics Norway that showed overall investment in Norway's petroleum sector will drop by EUR 6 billion ($7.9 billion) next year. "That is actually bad news for Europe's security of supply and I think Germany – as the biggest market in Europe...
  • Fire out after BP Whiting refinery explosion

    08/28/2014 5:53:26 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | August 28, 2014 | Collin Eaton
    An explosion shook BP’s biggest U.S. refinery late Wednesday in Whiting, Indiana, but appears to have left no serious injuries after a fire was extinguished. A spokesman for the Whiting Fire Department said Thursday a compressor at the refinery exploded, causing a blast that was felt at the station one-half mile away from the refinery. It caused a fire at the facility, but no injuries were reported, he said. One worker was taken to the hospital as a precaution, but was later released, BP spokesman Scott Dean said in an emailed statement. The London oil company said the fire was...
  • Shell sells some Nigerian onshore oil fields

    08/28/2014 5:26:30 AM PDT · by thackney · 6 replies
    Reuters ^ | August 27, 2014 | Ron Bousso and Tim Cocks
    Royal Dutch Shell said it had reached deals on some of the four Nigerian oil fields it has offered for sale as the oil major pushes ahead with divesting global assets to cut costs. Shell last year put up for sale its 30 percent shares in four oil blocks in the Niger Delta - Oil Mining Licences... - as well as a major pipeline, the Nembe Creek Trunk Line. "We have signed sales and purchase agreements for some of the oil mining leases, but not all that we are seeking to divest," a Shell spokesman said on Wednesday. In several...
  • Train delayed again? Blame the oil boom.

    08/28/2014 5:13:33 AM PDT · by thackney · 19 replies
    Christian Science Monitor ^ | AUGUST 27, 2014 | Jared Gilmour
    If you’re stuck at a railroad crossing or trapped on a delayed Amtrak train, you might blame it on the US oil boom. US oil production is the highest in decades, and more and more crude is traveling by train. That is slowing shipments of grains, gravel, and even coal, as commodities and a resurgent oil industry compete for a finite amount of US rail. More oil pipelines could help ease the freight bottleneck, but those take time to build and have become controversial topics in the debate over the future of US energy. In the meantime, firms are taking...
  • U.S. liquid fuels production growth more than offsets unplanned supply disruptions

    08/27/2014 10:23:28 AM PDT · by thackney · 10 replies
    Energy Information Administration ^ | 8/27/2015 | Energy Information Administration
    Record-setting liquid fuels production growth in the United States has more than offset the rise in unplanned global supply disruptions over the past few years, although differences in quality and location suggest that the substitution may not be exactly 1-for-1. U.S. liquid fuels production, which includes crude oil, hydrocarbon gas liquids, biofuels, and refinery processing gain, grew by more than 4.0 million barrels per day (bbl/d) from January 2011 to July 2014, of which 3.0 million bbl/d was crude oil production growth. During that same period, global unplanned supply disruptions grew by 2.8 million bbl/d. U.S. production growth, the main...
  • Forecast: cheapest Labor Day gasoline since 2010

    08/27/2014 10:08:02 AM PDT · by thackney · 44 replies
    Fuel Fix ^ | August 27, 2014 | Ryan Holeywell
    Drivers hitting the roads during the upcoming holiday weekend will likely encounter good news: the cheapest Labor Day weekend gasoline prices since 2010. The forecast comes amid falling domestic and global crude prices, analysts at GasBuddy said. The benchmark price for U.S. crude is down nearly $9 per barrel since the Memorial Day weekend, and the the international price is down $7 in the same period. A downward trend in gasoline prices began in July and will likely continue through autumn, the gasoline price monitors said. Interestingly, the downward trend in crude comes despite several global conflicts in and around...
  • The reach of Qatar's clout

    08/27/2014 9:10:32 AM PDT · by thackney · 1 replies
    The Jerusalem Post ^ | 08/27/2014 | Michael Wilner
    No government has supported Hamas throughout its war with Israel more stridently than Qatar, hosting its leaders, funding its militarization, and, in recent weeks, blocking cease-fire efforts on Gaza brokered by Egypt and supported by the US. That might cause a modest rift between Washington and Doha, on opposite ends of the spectrum of the Israeli-Palestinian conflict. But neither country is so invested in challenging the policies of the other on Hamas to shake the foundations of the US-Qatar relationship, broadened well beyond what transpires in the Gaza Strip. The tiny state jutting into the Arabian Gulf, sitting on an...
  • US court scraps order to seize Kurdish crude from tanker near Texas

    08/27/2014 7:27:51 AM PDT · by DeaconBenjamin · 4 replies
    Hürriyet ^ | August/26/2014
    A U.S. court on Aug. 25 threw out an order to seize some 1 million barrels of disputed Iraqi Kurdish crude oil from a tanker near Texas, a move that could allow the cargo to be delivered and end a nearly month-long impasse. The United Kalavrvta tanker, carrying about $100 million worth of Kurdish crude, has been anchored in the Gulf of Mexico for weeks, as the Iraqi region of Kurdistan wages a legal battle over ownership with the central government of Iraq. At the request of Baghdad, the U.S. District Court for the Southern District of Texas in July...
  • Pickens: Pennsylvania natural gas production approaching that of Texas

    08/27/2014 5:55:28 AM PDT · by thackney · 13 replies
    Pittsburgh Business Times ^ | Aug 25, 2014 | Sam Kusic
    The oil and gas industry is the most dynamic industry in the U.S. and will remain so for a long time, according to T. Boone Pickens, chairman of BP Capital Management, who spoke Monday during Gov. Tom Corbett's Jobs 1st Summit in Pittsburgh. "What an opportunity for our country with 30 of our states being producing states," he said. Pickens said the country should take advantage of its energy resources and convert its fleet of commercial heavy-duty trucks over to natural gas. And it should form a strategic energy alliance with Canada and Mexico. Those two things he said could...
  • New $15bn coal mine in Australia to hire over 5,000 workers

    08/27/2014 5:14:08 AM PDT · by thackney · 1 replies
    Mining.com ^ | August 25, 2014 | Cecilia Jamasmie
    The developer of Australia’s US$15bn Carmichael coal mine, one of the world’s largest fossil fuel projects, said it will start hiring the over 5,000 people it needs for the construction phase beginning next year. With the announcement, Adani Group —an Indian conglomerate with interests spanning mining, energy and logistics— has doubled the estimates made when the coal mine and rail project got its final approval. Designed to eventually produce 60 million tonnes of thermal coal a year, the project consists of six open-cut pits and up to five underground mines, to supply coal-hungry Indian power plants with enough of the...
  • Texas lawmakers focus on oil boom

    08/27/2014 5:05:10 AM PDT · by thackney · 3 replies
    Houston Chronicle via Fuel Fix ^ | August 26, 2014 | Michael Brick
    In a preview of priorities for the next legislative session, state lawmakers at a hearing on Tuesday examined the ways the oil boom is changing life in Texas. Since the legislature last convened in 2013, budget officials have reported an unexpectedly large windfall from taxes on the petroleum industry, filling state coffers with a multi-billion dollar opportunity to address issues like the water shortage, transportation gridlock and troubled public schools. But industry practices have also wrecked roads, strained infrastructure, vexed police departments, drained water resources, polluted the air and set off knotty disputes among landowners, royalty claimants and oil companies....
  • Developer to Lease Ohio Site for Ethane Cracker

    08/26/2014 12:37:51 PM PDT · by thackney · 11 replies
    DownstreamToday via Rig Zone ^ | August 26, 2014 | Matthew V. Veazey
    Appalachian Resins, Inc. (AR) plans to lease approximately 50 acres of land in Salem Township, Ohio, to build an integrated 600 million pound per year ethylene/polyethylene production facility, the Houston-based firm announced in an emailed statement to DownstreamToday. "There is no difference in our development activities, we have essentially only moved across the Ohio River," James Cutler, AR's CEO, said Sunday after announcing his company's signing of a land lease letter of intent with the Monroe County (Ohio) Port Authority. "We will not be integrating with an existing operating (brownfield) facility but will be more of a 'greenfield' location. However,...
  • Domestic crude begins to cut into Saudi sales volumes

    08/26/2014 12:22:14 PM PDT · by thackney · 30 replies
    Fuel Fix ^ | Robert Grattan | Robert Grattan
    Since about 2009 and until just recently, Saudi Arabia shipped discounted crude to the U.S. in growing volumes even as total U.S. waterborne imports fell. But while Saudi Arabia isn’t about to exit the U.S. market, cheaper domestic crude oils are beginning to displace Saudi imports. Daily U.S. crude imports fell from 11.8 million barrels in 2010 to 9.8 million barrels in 2013. Over roughly the same period, U.S. daily oil imports from Saudi Arabia rose from an annual average of just under 1.1 million barrels to about 1.5 million barrels, according to data from the U.S. Energy Information Administration....
  • ... world's first hydrogen reactor for reduction of unlimited hydrogen ...

    08/25/2014 10:16:16 PM PDT · by AZLiberty · 92 replies
    Kochari ^ | July 22, so14 | Solar Hydrogen Trends
    Solar Hydrogen Trends, Inc., developer of innovative breakthrough technology with the world’s first hydrogen reactor for production of unlimited hydrogen, conducts final series of control tests on technology PR NewswireMENLO PARK, Calif., July 22, 2014 MENLO PARK, Calif., July 22, 2014 /PRNewswire-iReach/ —  American company, Menlo Park based technology firm Solar Hydrogen Trends, Inc. (www.SolarHydrogenTrends.com) today announced that it has conducted a final series of control tests on hydrogen reactor Symphony 7A.Photo – http://photos.prnewswire.com/prnh/20140722/129200A follow-up series of tests was required due to the fact that the two previous series of tests had shown such incredible production of hydrogen in reactor...
  • The World’s Most Dangerous Dams

    08/26/2014 10:15:39 AM PDT · by thackney · 36 replies
    Oil Price ^ | 25 August 2014 | Llewellyn King
    ...The first is the Mosul Dam, which stretches across the Tigris River in a valley north of Mosul, Iraq. As dams go, this one is a civil engineering horror. The dam was captured on Aug. 7 by the Islamic State, and retaken 10 days later by... Should the two-mile-wide dam fail, which is likely, Mosul would be wiped out and the damage would extend to Baghdad. Loss of life could reach 500,000, and millions could be deprived of water and power: an immense catastrophe piled on the daily pain of Iraq. The second dam, in southern Africa on the Zambezi...
  • Slow Going for Natural-Gas Powered Trucks

    08/26/2014 6:14:13 AM PDT · by thackney · 38 replies
    Wall Street Journal ^ | Aug. 25, 2014 | BOB TITA
    ...Higher purchase prices compared with diesel trucks, improved diesel fuel economy and continued scarcity of fueling stations are damping natural-gas-powered truck demand. About 10,480 of the heavy-duty trucks are expected to be sold this year, up 20% from the 8,730 sold last year, according to Power Systems Research. However, some forecasters had expected sales to about double to 16,000 vehicles this year amid the trucking industry's enthusiasm for natural gas a year ago. What happened? A big roadblock remains the premium for a heavy-duty gas truck—$50,000 more than the about $150,000 for a new diesel-powered truck. In theory, the payback...
  • North Dakota: Legendary Among States. Residents happy with the economy, education, air quality

    08/26/2014 6:00:11 AM PDT · by SeekAndFind · 14 replies
    Gallup ^ | 08/27/2014 | by Art Swift
    WASHINGTON, D.C. -- "Oil boom" is probably the first phrase that comes to mind when one thinks about North Dakota. Yet North Dakotans see their state as much more than oil. They are highly satisfied with their schools, their air quality, their ability to find a quality job, and their overall standard of living. In Gallup's comprehensive survey of all 50 states, North Dakota ranks No. 1 on a variety of indicators spanning economics, public affairs, education, the environment, and well-being. In 2014, North Dakota is a complex, thriving state that is adapting rapidly to the economic and social factors...
  • Pioneer believes that through 2016 it can add more than 600 million BOE in proved reserves

    08/25/2014 4:15:19 PM PDT · by ckilmer · 15 replies
    fool.com ^ | August 25, 2014 | By Matt DiLallo
    3 Reasons Why Pioneer Natural Resources Stock Could Rise By Matt DiLallo | More Articles | Save For Later August 25, 2014 | Comments (0) Pioneer Natural Resources (NYSE: PXD  ) stock has gone up nearly 600% in just the past five years. That has crushed the market, which is up just over 92% over that same time period. Despite the market-crushing returns, there's still a lot of fuel left in Pioneer Natural Resources' tank. Here are three reasons why the stock could continue to rise.It's sitting on nearly 10 billion barrels of recoverable oil and gas Pioneer Natural Resources believes...
  • Inside North Dakota's latest fracking problem

    08/25/2014 3:41:20 PM PDT · by Lorianne · 26 replies
    CNBC/Reuters ^ | 22 August 2014 | Brad Quick | Morgan Brennan
    From his driveway, Tom Wheeler's view of North Dakota's sprawling grasslands seems endless. Fields of soy, wheat and canola stretch to the horizon in all directions. But as drillers flock to the state to cash in on North Dakota's booming shale play, that horizon has become increasingly marked by natural gas flares. Flaring is the burning of natural gas that can't be processed or sold. All those flares, meanwhile, are adding up. They burn so brightly that NASA astronauts have taken pictures of their glow from space. For some landowners like Wheeler, it's not the noise or light pollution that...
  • The War on Coal: It’s Because I’m Black, Isn’t it?

    08/24/2014 8:44:25 AM PDT · by NOBO2012 · 11 replies
    Michelle Obama's Mirror ^ | 8-24-2014 | MOTUS
    I see that both the Farmer’s Almanac and Joe Bastardi (the other Joey B) are predicting another El Nino winter, which means a stormier and colder than normal winter, especially along the east coast. That could prove to be a bit of a problem since power companies apparently took Barry at his word that “if somebody wants to build a coal plant, they can — it’s just that it will bankrupt them.”  So they didn’t. And they’re closing the coal plants they do have: “In order to comply with the new Obama era EPA regs, American Electric Power, which supplies...
  • As oil boom continues, there’s no end in sight for job growth

    08/25/2014 11:45:34 AM PDT · by thackney · 12 replies
    Dallas News ^ | 20 August 2014 | JAMES OSBORNE
    <p>Texas has surpassed 300,000 jobs in the oil and natural gas sector as the oil boom drives job growth for a fourth straight year.</p> <p>According to the data released this week by the U.S. Bureau of Labor Statistics, the state gained more than 20,000 oil and gas jobs since July 2013, its largest increase since April 2013.</p>
  • LyondellBasell plans new chemical plant for Texas Gulf Coast

    08/25/2014 10:13:40 AM PDT · by thackney · 8 replies
    Fuel Fix ^ | August 25, 2014 | Rhiannon Meyers
    Capitalizing on abundant supplies of cheap natural gas liquids unlocked in the U.S. shale boom, LyondellBasell plans to build a chemical plant on the Texas Gulf Coast, the company announced Monday. With the capacity to produce 900 million pounds of propylene oxide and 2 billion pounds of tertiary butyl alcohol each year, the plant will be the largest of its kind for the Houston-based plastics, chemicals and refining giant, spokesman George Smalley said. The company operates several such plants in the Houston area. LyondellBasell did not disclose how much the plant will cost, but projects of similar size cost more...
  • Vancouver Port Authority gives go ahead for construction of controversial coal shipping facility

    08/25/2014 5:11:12 AM PDT · by thackney · 11 replies
    Stockhouse ^ | 8/22/2014 | The Canadian Press
    Metro Vancouver' port authority has approved construction of a controversial coal-shipping facility in a major marine terminal. Fraser Surrey Docks has been given a permit by Port Metro Vancouver to build the facility along the Fraser River that will handle four million metric tonnes of coal each year. Environmentalists, many residents and the region's medical health officers have expressed concerns about the effect on air quality and potential harm to the surrounding environment. Peter Xotta, of Port Metro Vancouver, says the decision was not taken lightly but a comprehensive review found there were no unacceptable risks from the development. Fraser...
  • 'Widespread methane leakage' from ocean floor off US coast

    08/24/2014 6:59:06 PM PDT · by NormsRevenge · 62 replies
    BBC News ^ | 8/24/14 | Matt McGrath
    Researchers say they have found more than 500 bubbling methane vents on the seafloor off the US east coast. The unexpected discovery indicates there are large volumes of the gas contained in a type of sludgy ice called methane hydrate. There are concerns that these new seeps could be making a hitherto unnoticed contribution to global warming. The scientists say there could be about 30,000 of these hidden methane vents worldwide. Previous surveys along the Atlantic seaboard have shown only three seep areas beyond the edge of the US continental shelf.
  • Why Is It So Hard for Employers to Fill These Jobs?

    08/24/2014 6:54:55 AM PDT · by 2ndDivisionVet · 178 replies
    The Daily Signal ^ | August 23, 2014 | Stephen Moore
    America has a deficit of workers. Willing workers. Capable workers. Skilled, or at least semi-skilled workers, who can do a job and do it well. There are at least one million jobs that go begging day after day if only employers could find workers to fill them. This probably seems hard-to-believe. After all, how can America have a worker shortage when we have about 18 million Americans who are unemployed or underemployed? When the real unemployment rate is 12 percent? Well certainly the economy isn’t creating nearly as many jobs as it should – in large part because of regulatory...
  • Lungmen 1 passes pre-operational tests

    08/23/2014 11:44:10 PM PDT · by Rabin · 1 replies
    world-nuclear-news ^ | 01 August 2014 | Staff
    Pre-operational tests have been successfully completed at unit 1 of the Lungmen nuclear power plant in Taiwan. Start-up of the reactor has been delayed until a national referendum, not expected for up to another three years. Construction work began on the two 1350 MWe Advanced Boiling Water Reactors at Lungmen, in 1999, with the first scheduled to enter commercial operation in 2006 and the second in 2007. NT$300 billion ($10 billion) has already been spent building the plants both of which, will now mothball.
  • Ending ban on oil exports would mean cheaper gasoline, energy executive says

    08/22/2014 10:12:52 PM PDT · by ckilmer · 27 replies
    fuelfix.com ^ | August 22, 2014 at 7:51 pm | Vicki Vaughan
    Ending ban on oil exports would mean cheaper gasoline, energy executive says Posted on August 22, 2014 at 7:51 pm by Vicki Vaughan in Crude oil, Eagle Ford, Gasoline, LNG, Markets EmailPrint2 inShare (Jeff Pachoud/AFP/Getty) Should the government end its 40-year-old ban on exporting crude oil, the nation would enjoy benefits ranging from jobs to a decline in gasoline prices, an oil industry economist said in a talk this week in San Antonio.ConocoPhillips senior economist Helen Currie, citing a study by the energy consulting firm IHS Inc., said prices at the pump would fall by about 8 cents a gallon...
  • EU ban on powerful vacuum cleaners prompts anger and legal challenge

    08/22/2014 12:27:08 PM PDT · by Olog-hai · 47 replies
    Manchester Guardian ^ | Thursday 21 August 2014 14.58 EDT | Rebecca Smith, consumer affairs correspondent
    Consumers are being urged to buy powerful vacuum cleaners while they can after it emerged that some of the most powerful models on the market will disappear in September when a new EU rule comes into force. An EU energy label, to be introduced from 1 September, means manufacturers will not be able to make or import vacuum cleaners with a motor that exceeds 1,600 watts.The Which? consumer group said many of its Best Buy models had motor sizes that exceeded this, “so if you’re in the market for a powerful vacuum, you should act quickly, before all of the...
  • Scientists develop a water splitter that runs on an ordinary AAA battery

    08/22/2014 10:51:36 AM PDT · by Red Badger · 95 replies
    Phys.org ^ | 08-22-2014 | Provided by Stanford University
    In 2015, American consumers will finally be able to purchase fuel cell cars from Toyota and other manufacturers. Although touted as zero-emissions vehicles, most of the cars will run on hydrogen made from natural gas, a fossil fuel that contributes to global warming. Now scientists at Stanford University have developed a low-cost, emissions-free device that uses an ordinary AAA battery to produce hydrogen by water electrolysis. The battery sends an electric current through two electrodes that split liquid water into hydrogen and oxygen gas. Unlike other water splitters that use precious-metal catalysts, the electrodes in the Stanford device are made...
  • Plains All American to build pipeline from Cushing to Memphis

    08/22/2014 5:11:04 AM PDT · by thackney · 10 replies
    Fuel Fix ^ | August 21, 2014 | Vicki Vaughan
    Valero Energy Corp.’s Memphis, Tenn., refinery will begin receiving more low-cost domestic crude oil in two years as part of a plan by another company to build a pipeline to the plant. Houston-based Plains All American Pipeline LP said Thursday it plans to build a pipeline that would deliver as much as 200,000 barrels a day of crude oil to Valero’s Memphis plant when it’s completed in late 2016. The 440-mile, 20-inch pipeline will link Plains’ Cushing, Okla., terminal to Valero’s plant and cost an estimated $900 million. Locally based refiner Valero holds an option until January 2016 to buy...