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Keyword: energy

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  • 9/11 Bill Crashes Saudi Stock Exchange, Bond Market Ambitions

    09/30/2016 8:33:30 AM PDT · by Lorianne · 35 replies
    Oil Price ^ | 28 September 2016 | Nick Cunningham
    With oil prices continuing to languish below $50 per barrel, the major oil producers in the Middle East are seeing their financial positions deteriorate. To plug the gap in the government budgets, the Gulf States are having to turn to the international bond markets. Saudi Arabia plans on taking out $10 billion to $15 billion in debt from international financial markets, but a controversial piece of legislation passed by the U.S. Congress could complicate Saudi Arabia’s plans. Congress passed a bill that would allow the victims of the September 11, 2001 attacks to sue Saudi Arabia for its potential involvement....
  • Low Oil Prices Are Not The Reason Oil Companies Are Going Bankrupt

    09/28/2016 6:31:19 PM PDT · by Lorianne · 5 replies
    Oil Price ^ | 26 September 2016 | Dave Forest -
    The real reason energy companies are going bankrupt is more technical. Reserve base lending for unconventional reservoir projects became a ponzi scheme. This is how it works. Step 1) An oil company borrows money or issues equity to drill a well. Step 2) The well “discovers” oil. The reason I put discover in quotations is that the resource (not reserve, there is a difference) potential of shale source rocks has been known for decades. Step 3) Estimate the resource and reserve potential. NB: Resource is properly defined as uneconomic at the current price. Reserve is properly defined as economic at...
  • EPA Opposes U.P. Road, But Senator Suggests New Mine Its Real Target

    09/28/2016 6:52:34 AM PDT · by MichCapCon · 14 replies
    Michigan Capitol Confidential ^ | 9/23/2016 | Derek Draplin
    A Michigan state senator from the Upper Peninsula says the federal Environmental Protection Agency has done everything in its power to indirectly shut down a mine near Marquette. The issue is back in the news because a limited-government legal foundation announced last month it will represent the Marquette County Road Commission in a federal lawsuit against the EPA. The agency has blocked a plan to build a shortcut road to the Eagle Mine in the western Upper Peninsula. In a phone interview with Michigan Capitol Confidential this week, Sen. Tom Casperson, R-Escanaba, suggested that the EPA’s real target in the...
  • Can Donald Trump Really Save U.S. Coal?

    09/27/2016 2:12:33 PM PDT · by bananaman22 · 20 replies
    Oilprice.com ^ | 27-09-2016 | Bill Leonard
    On September 22, Donald Trump reaffirmed his intent to revive the American coal industry--without many details on how to do it. What influences the price and demand for coal? Can Donald Trump influence the forces behind these market drivers? We nominate these four factors as the most important drivers of coal prices: production and demand for steel, because the coal industry sells and exports metallurgical coal used in steel production; demand for electricity, insofar as much electricity is still generated from coal; Chinese government interference in the steel and metallurgical coal markets, because China is the world's largest steel producer...
  • If Hillary wants to stop fracking somebody should tell the voters in Ohio

    09/26/2016 4:54:00 PM PDT · by bobsunshine · 10 replies
    HotAir ^ | September 26, 2016 | Jazz Shaw
    I realize that there are plenty of provocative social justice issues or plans to stop ISIS that everyone wants to see covered as Hillary Clinton and Donald Trump debate each other in the final stretch of the campaign, but if you really want to reach the voters in the swing states you need to focus on what really matters to them at home. In the case of hotly contested Ohio, here’s a bit of information which should prove useful. Let’s start by revisiting a promise which Secretary Clinton made to the voters back in March when Bernie Sanders was still...
  • The Presidential Debate: Clashing On Energy

    09/26/2016 3:22:11 PM PDT · by bananaman22
    Oilprice.com ^ | 26-09-2016 | Greg
    In a U.S. election year that has seen scant public discussion of any substantive issues, beyond the building of walls and the deportation of immigrants, the issue of U.S. energy policy has largely stayed outside the realm of popular discussion. But in advance of the first presidential debate on Monday, September 26, it seems a good idea to review each candidate’s energy positions in as much detail as possible. Republican candidate Donald Trump has recently made energy a key part of his platform, arguing that unlocking a “treasure trove” of American energy resources will boost the economy. He has argued...
  • The Natural Gas War Burning Under Syria

    09/26/2016 2:50:09 PM PDT · by Lorianne · 3 replies
    Oil Price ^ | 22 September 2016 | James Durso
    Qatar always wanted to punch above its weight. In Syria, it got the chance. In 2009, Qatar, a leading natural gas producer, approached Syria about routing its planned 1,500 mile pipeline to the gas markets of Europe through Syria’s Aleppo province. Qatar wanted a pipeline straight to Europe as its current gas transport modes were limited to Liquefied Natural Gas (LNG) tanker, mostly to Asia with limited spot shipments to Europe or the Dolphin pipeline to the United Arab Emirates and Oman. The pipeline would head north and end in Turkey after crossing Saudi Arabia, Jordan, and Syria. Syria declined...
  • After striking murky gas deal, Ukraine bows to West

    09/25/2016 6:49:02 PM PDT · by Navy Patriot · 2 replies
    Yahoo News (AFP) ^ | September 24, 2016 | Dmitry Zaks
    The scandal was complex but its outcome potentially simple -- Ukraine tried to fiddle with its murky gas sector and upset its EU partners enough to freeze huge sums of financial help. The fight for control over a profitable company that transports Russia's blue fuel to Europe also exposes the clan warfare and backstabbing that surrounds Ukrainian President Petro Poroshenko and hampers Kiev's bid to anchor its ties to the West. Ukrtransgaz is the money-making branch of the former Soviet republic's chronically struggling state oil and natural gas company. It moves about half the gas purchased by Europe from Russia...
  • Massive Fire Engulfs Pemex Oil Tanker in Gulf of Mexico

    09/25/2016 3:11:01 PM PDT · by rockinqsranch · 9 replies
    gcaptain/Reuters ^ | September 25, 2016 | Natalie Schachar and Noe Torres
    MEXICO CITY, Sept 24 (Reuters) – A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm.
  • Kingdom Comedown: Falling Oil Prices Shock Saudi Middle Class

    09/25/2016 2:32:40 PM PDT · by Lorianne · 23 replies
    Wall Street Journal ^ | 23 September 2016 | Ahmed Al Omran, Nikhil Lohade
    Lower revenue hurts economy, prompting government to withdraw some benefits; as cost of living rises, consumers cut back on spending ___ With a slowing economy and shrinking foreign reserves, the kingdom is coming under pressure to take steps that support the price of oil, as it did this month with an accord it struck with Russia. ... a sharp drop in the price of oil, Saudi Arabia’s main revenue source, has forced the government to withdraw some benefits this year—raising the cost of living in the kingdom and hurting its middle class, a part of society long insulated from such...
  • Donald Trump Details ‘America-First’ Energy Plan

    09/24/2016 2:54:47 PM PDT · by NYer · 19 replies
    Breitbart ^ | September 22, 2016 | ALEX SWOYER
    Donald Trump detailed his energy plan, which he previously mentioned during his speech on the economy at the Detroit Economic Club in August, on Thursday in Pittsburg, Pennsylvania. “I am going to lift the restrictions on American energy, and allow this wealth to pour into our communities – including right here in Pennsylvania,” Trump stated while speaking to more than 1,000 gas industry experts. Citing the Institute for Energy Research, Trump suggested that lifting energy restrictions such as shale production would produce more than 500,000 new jobs every year and raise the GDP by more than $100 billion each year.He also says...
  • Apple has just become an energy company, looks to sell excess electricity into the grid

    09/23/2016 11:27:14 PM PDT · by aquila48 · 10 replies
    9to5Mac ^ | 4 months ago | Seth Weintraub
    Apple has quietly created an energy subsidiary, ‘Apple Energy’ LLC, registered in Delaware but run from its Cupertino headquarters. The company was seemingly formed to allow it to sell excess electricity generated by its solar farms in Cupertino and Nevada, with plans to sell electricity across the whole of the US. [Apple Energy LLC] is a Delaware limited liability company and is a 100% wholly owned subsidiary of Apple Inc. [Contact is] Apple Energy LLC, One Infinite Loop, Cupertino, CA 95014 Given Apple’s expertise and huge commitment to using renewable energy to power its operations, it is no surprise that...
  • Morocco turns on what will become the world’s largest solar power plant

    09/23/2016 10:57:43 PM PDT · by aquila48 · 27 replies
    Verge ^ | Feb 5, 2016 | Loren Grush
    Morocco has turned on its massive solar power plant in the town of Ourrzazate, on the edge of the Saharan desert. The plant already spans thousands of acres and is capable of generating up to 160 megawatts of power. It's already one of the biggest solar power grids in the world, capable of being seen from space. And it's only going to get bigger. The current grid, called Noor I, is just the first phase of a planned project to bring renewable energy to millions living in Morocco. It will soon be followed by expansions, Noor II and Noor III,...
  • Puerto Rico Blackout Enters Second Day - Entire Island Of 3.5 Million People Without Power

    09/23/2016 10:47:35 AM PDT · by Lorianne · 29 replies
    Zero Hedge ^ | 22 September 2016 | Tyler Durden
    The 3.5 million people of Puerto Rico are entering their second day with no power after a substation fire knocked out service to the entire island. The power outage has left schools scrambling to cancel classes and public hospitals forced to cancel surgeries. Perhaps even worse, the outage caused numerous fires across the island as a result of malfunctioning generators, including at the upscale Vanderbilt hotel in the popular tourist area of Condado and at the mayor’s office in the northern coastal town of Catano. While Puerto Rico's Governor Padilla and the utility's CEO, Javier Quintana, have said they expect...
  • Donald Trump, in Pittsburgh, Pledges to Boost Both Coal and Gas

    09/22/2016 5:37:44 PM PDT · by Innovative · 46 replies
    NY Times ^ | Sept. 22, 2016 | CORAL DAVENPORT
    Donald J. Trump on Thursday traveled to Pittsburgh, a city once synonymous with the rich coal seam that runs beneath it and now the capital of natural gas fracking, to promise the impossible: a boom for both coal and gas. Mr. Trump’s energy promises to those attending a corporate conference contained a fundamentally incompatible concept, as expanding the exploration of natural gas is the surest way to hurt coal production, and vice versa. Since the two fuels compete directly for the same market — the power plants that light American homes — it is effectively impossible to increase production of...
  • T. Boone Pickens Says Obama Is A Loser For The Energy Industry

    09/22/2016 1:29:56 PM PDT · by bananaman22 · 16 replies
    Oilprice.com ^ | 22-09-2016 | Julianne
    According to energy magnate T. Boone Pickens, Obama has been a loser for the energy industry. And not just a loser, but “a complete loser”. That he is not a fan of President Obama’s policies—including his energy policies--comes as no surprise. Pickens said in 2014 that Obama was “the worst president we’ve ever had”.
  • WATCH LIVE: Donald Trump Speaks At Shale Insight Conference

    09/22/2016 8:54:56 AM PDT · by sheikdetailfeather · 16 replies
    CBS Pittsburgh ^ | 9-22-2016 | CBS Pittsburgh
    Live Newscast Schedule: Weekdays: 430am-7am, 12:00-12:30pm, 4pm-5pm, 5pm-6pm, 6pm-7pm, 11pm-11:30pm. Sign Up For Newsletters From CBS Pittsburgh, click here.
  • Despite Claims to the Contrary, Science Says Fracking Not Causing Increased Earthquakes

    09/13/2016 3:05:23 PM PDT · by Kaslin · 12 replies
    Townhall.com ^ | September 13, 2016 | Marita Noon
    People in seven states, from South Dakota to Texas, were awakened Saturday morning, September 3, by Oklahoma’s most powerful earthquake in recorded history. The 5.8 tremor was centered near Pawnee, OK. Several buildings sustained minor damage and there were no serious injuries. That we know. What we don’t know is what caused the quake—but that didn’t stop the alarmist headlines from quickly blaming it on “fracking.”Green Party candidate Dr. Jill Stein promptly tweeted: “Fracking causes polluted drinking water + earthquakes. The #GreenNewDeal comes with none of these side effects, Oklahoma. #BanFracking”A headline in Forbes stated: “Thanks to fracking, earthquake hazards...
  • Electric Car Boom In Jeopardy: Need The World’s Entire Lithium Supply Annually To Meet Demand

    09/20/2016 7:09:13 PM PDT · by Lorianne · 43 replies
    Daily Sheeple ^ | 18 September 2016
    Developing lithium shortages could pose a very big problem for the up and coming electric car industry. According to recent statistics, demand is already outstripping supply by 15%, which explains why the price of lithium has moved higher since the start of the higher. But it’s not finished yet. Experts says this number is about to spike much higher. We know that Chevy is releasing the Bolt this year and that will put further weight on the market, but it’s Elon Musk’s plans for Tesla that could really put pressure on resource producers. The company is preparing to role out...
  • Shifting Strategies: Big Oil Looking At Low-Cost Fields

    09/20/2016 7:05:31 PM PDT · by Lorianne · 2 replies
    Oil Price ^ | 19 September 2016 | Tsvetana Paraskova
    Oil supermajors have come to realize that shrunk capex plans will make their exploration efforts profitable in lower-cost, lower-risk areas, and have changed drilling tactics to the ‘less is more’ philosophy, a Wood Mackenzie analyst told CNBC on Monday. “The new economics of exploration mean that rather than pursuing high-cost, high-risk exploration strategies - elephant hunting in the Arctic, for example - the majors have become more conscious of costs,” Andrew Latham, Vice President of exploration research at Wood Mackenzie, said, discussing the ‘Exploration Benchmarking – Majors 2006-2015’ report. According to the report, oil majors invested US$169 billion in exploration...
  • Can Reusing Spent Nuclear Fuel Solve Our Energy Problems?

    09/20/2016 12:38:38 AM PDT · by Brad from Tennessee · 18 replies
    National Geographic ^ | September 19, 2016 | By Gary Strauss
    Nuclear power, always controversial, has been under an especially dark cloud since Japan’s Fukushima disaster five years ago. And in the United States, few new nuclear plants have been ordered since the 1979 partial meltdown at Three Mile Island in Pennsylvania, thanks to ongoing safety concerns, high capital costs, and the availability of lower-cost energy sources. But nuclear engineer Leslie Dewan believes that a safe, environmentally friendly, next-generation nuclear reactor isn’t just feasible—it's commercially viable. As cofounder and CEO of Boston-based startup Transatomic Power, Dewan and fellow Massachusetts Institute of Technology grad Mark Massie are working on commercial-scale development of...
  • Obama Administration’s Lawless Decision Delays a Much-needed Infrastructure project

    09/18/2016 7:40:14 PM PDT · by Tolerance Sucks Rocks · 3 replies
    Freedomworks ^ | September 15, 2016 | Kenny Stein
    Seemingly every day some politician or another, usually from the left of the political spectrum, calls for more infrastructure investment. In North Dakota there is a $3.7 billion infrastructure project under construction. This project received all the necessary federal permits and is 60% complete. But now the Obama administration, bowing to radical left wing protestors, has thrown the project into doubt with its unprecedented decision last Friday to halt construction on one section of the project. Apparently infrastructure investment is not the priority we were led to believe. The project in question is known as the Dakota Access Pipeline. It...
  • Alabama pipeline leak: What we know so far about the spill, gas shortages and more

    09/18/2016 5:43:49 PM PDT · by servo1969 · 55 replies
    AL.com ^ | 9-18-2016 | Dennis Pillion
    On the morning of Sept. 9, an inspector with the Alabama Surface Mining Commission was performing a routine monthly check of an old coal mine in Shelby County when he noticed "a strong odor of gasoline" as well as a sheen on the surface of one of the retention ponds. The gasoline he was smelling came from Colonial Pipeline's Line 1, an underground pipeline three feet in diameter that normally pushes 1.3 million barrels of gasoline per day from refineries in Houston to distribution centers across the Southeast and along the eastern seaboard. That 36-inch line, built in 1963, has...
  • Alabama, Tennessee, & Georgia Declare States Of Emergency As Gas Shortages Loom - Leak

    09/17/2016 4:17:14 PM PDT · by blam · 64 replies
    Zero Hedge ^ | Tyler Durden
    Tyler Durden September 17, 2016 As Native Americans protesters face arrest in North Dakota for blocking the construction of the Dakota Access Pipeline, TheAntiMedia's Carey Wedler reports a gasoline pipeline spill is currently unfolding in the South. The leak has prompted Alabama Gov. Robert Bentley, Tennessee Gov. Bill Haslam, and Georgia Gov. Nathan Deal to declare states of emergency. The Colonial Pipeline, which runs from Houston to New York, began leaking on September 9, spilling 250,000 gallons of gasoline, or 6,000 barrels. The pipeline was built in 1962, and the current leak in Helena, Alabama, is the largest one Colonial...
  • Clinton Action Demonstrates Support for Coal Miners

    09/17/2016 11:19:33 AM PDT · by mdittmar · 68 replies
    AFL-CIO ^ | September 8, 2016 | AFL-CIO President Richard Trumka
    America’s coal miners have sacrificed much for our nation, and we have an obligation to support them and their families. Unlike Donald Trump who says he’s with us but has nothing to show beyond the bluster, Hillary Clinton has our back. She proved it with a detailed $30 billion plan to revitalize coal communities, while Donald Trump says ‘trust me.’ She is proving it again today with her support of the Miners Protection Act. From the bargaining table to the ballot box, working people know who stands with us, not by words, but action.
  • Why Apache’s Latest Oil Find Is Such A Game Changer

    09/16/2016 12:36:35 PM PDT · by 2ndDivisionVet · 9 replies
    Oil Price ^ | September 15, 2016 | Michael McDonald
    Apache’s recent oil find highlights what could be a new phase in fracking. To date, fracking in the U.S. had really been all about taking explored basins and drilling new wells to get at previously untapped resources. That strategy worked well when oil prices were more than $80 a barrel. At today’s prices though, drilling the old style rigs in mostly depleted fields to get at residual layers of black gold is a money losing strategy. Apache’s find shows that money can be made by taking risks and looking for major new finds in areas that had been passed over...
  • Why Coal Will Matter in the Fall Election

    09/15/2016 4:48:57 PM PDT · by Rockitz · 8 replies
    Breitbart.com ^ | 15 Sep 2016 | Terry Jarrett
    Just when Hillary Clinton’s “deplorables” comment set a new low for insensitivity, we saw another real zinger this week from former Clinton White House staffer William Galston. In a smug Wall Street Journal op-ed, Galston deemed the “war on coal” a claim perpetuated by Sen. Mitch McConnell (R-KY) to reinforce the coal community’s perceived “victimhood.” Meanwhile, back on Planet Earth, a few things have happened: + In 2008, President Obama promised, “If somebody wants to build a coal-powered plant, they can. It’s just that it will bankrupt them.” + The president’s subsequent MATS rule shut down at least 33 GW...
  • Bad News For The Bakken As Obama Administration Blocks Pipeline

    09/13/2016 3:56:00 PM PDT · by bananaman22 · 28 replies
    Oilprice.com ^ | 13-09-2016 | Nick
    The Obama administration shocked the oil industry last week, pulling the plug on a major oil pipeline from the Bakken that had become a flashpoint between a pipeline company on the one hand, and a growing coalition of Native American tribes and environmentalists on the other. Everyone was anxiously waiting a Friday ruling from a U.S. federal judge, who was weighing a request from the Standing Rock Sioux Tribe to stop construction on the Dakota Access Pipeline, a $3.8 billion 1,168-mile oil pipeline that would run from North Dakota to Iowa and Illinois. The pipeline would threaten sacred lands and...
  • How Does America Keep Finding Vast Stores of Energy?

    09/12/2016 4:22:31 PM PDT · by 2ndDivisionVet · 33 replies
    Slate ^ | September 12, 2016 | Daniel Gross
    By completely overhauling the old rules of the business. Last week, the Wall Street Journal reported on an energy bonanza. A company discovered a new field with “the equivalent of at least two billion barrels of oil” that “has the promise to become one of the biggest energy finds of the past decade.” But the discovery wasn’t made by a foreign company in the Amazon, or deep in the waters off the coast off Africa, or in Kazakhstan—or any of the other politically treacherous, high-risk, low-infrastructure places where Big Oil has been prospecting for gigantic new gushers. Instead, the lucky...
  • That pipeline Obama blocked is routed through “well trodden land”

    09/12/2016 10:01:30 AM PDT · by rktman · 3 replies
    hotair.com ^ | 9/10/2016 | Jazz Shaw
    If you read the full ruling you will see the number of times that the tribe has either refuted studies which they themselves requested or simply failed to respond at all to questions raised about their objections in court. This wasn’t a search for answers and valid science, but legal maneuvering to simply shut down the project. And now, thanks to the White House, what was supposed to be a settled matter has multiple federal entities – including the Department of Justice, the Army and the Interior Department – dragged into the fray. The Army is claiming that a quick...
  • Obama administration steps in after judge rejects legal effort to stop oil pipeline

    09/10/2016 8:15:45 AM PDT · by rktman · 31 replies
    hotair.com ^ | 9/9/2016 | John Sexton
    An effort to halt construction of an oil pipeline by the Standing Rock Sioux Tribe was rejected by a U.S. District Judge Friday. From the NY Times: The ruling by Judge James E. Boasberg in Washington rejected efforts by the Standing Rock Sioux Tribe to halt construction of the Dakota Access pipeline. A lawyer for the tribe says the ruling will be appealed. Although the $3.7 billion pipeline would not cross the reservation on its 1,170-mile path across four states, it would skirt the reservation’s northern boundary and run through what tribal officials say are ancestral lands. They say the...
  • Obama administration orders ND pipeline construction to stop

    09/09/2016 2:42:15 PM PDT · by jazusamo · 45 replies
    The Hill ^ | September 9, 2016 | Devin Henry
    The Obama administration said it would not authorize construction on a critical stretch of the Dakota Access pipeline, handing a significant victory to the Indian tribe fighting the project the same day the group lost a court battle. The administration said construction would halt until it can do more environmental assessments. The Department of Justice, the Army and the Interior Department jointly announced that construction would pause on the pipeline near North Dakota's Lake Oahe, a major water source on the Missouri River for the Standing Rock Sioux Tribe. The agencies will now decide whether they need to reconsider permitting...
  • [22 Secconds News Video Clip] Bill Clinton Mocks “The Coal People” Who Oppose Hillary

    09/09/2016 2:47:58 PM PDT · by GilGil · 81 replies
    ABC News via GOP War Room YOUTUBE ^ | Published on September 9, 2016 | ABC via GOP War Room YOUTUBEBill Clinton
    Bill Clinton Mocks “The Coal People” Who Oppose Hillary
  • Bill Clinton Mocks ‘The Coal People’ In West Virginia, Kentucky For Supporting Trump

    09/09/2016 12:37:17 PM PDT · by Hojczyk · 64 replies
    The Daily Caller ^ | September 9,2016 | CHRISTIAN DATOC
    Speaking in Homewood, PA on Friday, Bill Clinton criticized the “coal people” in West Virginia for supporting Donald Trump .“We all know how [Hillary’s] opponent has done well down in West Virginia and eastern Kentucky,” the former president told the crowd at the Greater Pittsburgh Coliseum. “The coal people don’t like any of us [Democrats] anymore.” Clinton added that “they all voted for me. I won twice, and they did well.” “They blame the president when the sun doesn’t come up in the morning now.”
  • Oil! Massive shale discovery in Texas

    09/08/2016 10:08:00 AM PDT · by PAR35 · 65 replies
    CNN ^ | September 8, 2016 | Matt Egan
    An overlooked corner of West Texas is believed to contain billions of barrels of newly-discovered shale oil. Apache (APA) revealed the huge find this week after more than two years of stealthily buying up land, extensive geological research and rigorous testing. ... Apache believes the new shale play spans at least five formations, contains over three billion barrels of oil and 75 trillion cubic feet of rich natural gas.
  • Gartman: ‘’Crude Not Going Above $55 For Years’’

    09/07/2016 10:53:30 AM PDT · by bananaman22 · 13 replies
    Oilprice.com ^ | 07-09-2016 | Dennis
    In mid-January, everyone's favorite market indicator Dennis Gartman, made an infamous prediction when oil was trading in the mid-$30s, when he said that oil won't hit $44 again "in my lifetime" Sure enough, three months later, oil "killed" Gartman, or at least his credibility, when it jumped above $44. We thought that Gartman had learned his lesson, and would avoid such bombastic forecasts in the future. Turns out we were wrong, and earlier today Gartman again appeared on CNBC, where he said that "investors shouldn't expect the commodity to break through $55 for a few years."
  • Don't Count Out the Internal Combustion Engine

    09/07/2016 11:15:52 AM PDT · by 2ndDivisionVet · 31 replies
    Real Clear Future ^ | August 29, 2016 | Rob Tracinski
    Is the electric car the inevitable wave of the future? Is the internal combustion engine finished, through, a relic of the 20th century—as many are now saying? I have argued before that electric cars are overhyped. I calculated that the Tesla, for example, is still a really bad deal when you compare its substantial extra costs against the cost of operating a similar gasoline-powered car over five or ten years. But what if I'm wrong? For example, how much of that calculation is due to the inflated cost of a Tesla, which uses all of the positive publicity lavished on...
  • AP Exclusive: Defying Downturn in Coal, 2 New Mines Planned

    09/07/2016 10:01:26 AM PDT · by 2ndDivisionVet · 3 replies
    ABC News ^ | September 6, 2016 | Mead Gruver, The Associated Press
    Mines are closing and the coal industry is facing a run of bankruptcies and other bad news, but a company backed by a $90 million investment is defying conventional wisdom by preparing to open two new mines in Appalachia, the hardest-hit coal region. The mines in West Virginia and Virginia will create some 400 jobs in counties where unemployment ranges close to three times the national average, Ramaco Development CEO Randall Atkins told The Associated Press. "It's a fairly big deal, frankly, for southern West Virginia," Atkins said....
  • Southwest oil independents schedule rally Sept. 27 (against OPEC oil imports)

    09/05/2016 5:30:41 PM PDT · by panhandle67 · 27 replies
    Artesia Daily Press ^ | 9/4/2016 | Staff
    New Mexico and Texas oil companies and communities say they will warn Saudi Arabia and Organization of the Petroleum Exporting Countries (OPEC) to stop overproduction of oil and lowering prices as a strategy to slow or shut them down, or face import quotas. Independent oil companies with the Panhandle Initiative to Reduce Imports (PIRI) will hold an industry and public rally from 11:30 a.m. – 2 p.m. Tuesday, Sept. 27, at the Pecos River Village Convention Center, 711 Muscatel Ave., Carlsbad. Lunch and admission are free. Southwest and Rocky Mountain oil producers say they feel they are under OPEC and...
  • Obama Kept His Promise, 83,000 Coal Jobs Lost And 400 Mines Shuttered

    09/05/2016 12:49:47 PM PDT · by PROCON · 63 replies
    dailycaller.com ^ | Sep. 5, 2016 | Andrew Follett
    This Labor Day, America has 83,000 fewer coal jobs and 400 coal mines than it did when Barack Obama was elected in 2008, showing that the president has followed through on his pledge to “bankrupt” the coal industry. A 2015 study found the coal industry lost 50,000 jobs from 2008 to 2012 during Obama’s first term. During Obama’s second term, the industry employment in coal mining has fallen by another 33,300 jobs, 10,900 of which occurred in the last year alone, according to federal data. Currently, coal mining employs 69,460 Americans, according to the Bureau of Labor Statistics. Much of...
  • The Rising Impact of Water Costs on Energy Production

    09/04/2016 12:10:03 PM PDT · by 2ndDivisionVet · 2 replies
    Green Tech Media ^ | September 2, 2016 | Katherine Tweed
    Three years ago, Wood Mackenzie reported on how water scarcity could impact global energy industries, from North American shale gas to Middle Eastern desalination. An updated report from Wood Mackenzie and Verisk Maplecroft finds the risks are greater in 2016, yet the market opportunity to address them remains largely untapped. In the U.S., for example, water costs for gas wells that use hydraulic fracturing doubled from 2012 to 2016, according to the latest report....
  • Oil pipeline protest rurns violent in southern North Dakota

    09/04/2016 7:24:41 AM PDT · by fulltlt · 21 replies
    Billings Gazzette ^ | 9/4/2016 | AP
    BISMARCK, N.D. — A protest of a four-state, $3.8 billion oil pipeline turned violent after tribal officials say construction crews destroyed American Indian burial and cultural sites on private land in southern North Dakota. Morton County Sheriff's Office spokeswoman Donnell Preskey said four private security guards and two guard dogs were injured after several hundred protesters confronted construction crews Saturday afternoon at the site just outside the Standing Rock Sioux reservation. One of the security officers was taken to a Bismarck hospital for undisclosed injuries. The two guard dogs were taken to a Bismarck veterinary clinic, Preskey said.
  • Trudeau’s China strategy fails unless he gets a pipeline built

    09/01/2016 3:50:33 PM PDT · by DUMBGRUNT · 7 replies
    nationalpost ^ | 1 sept 2016 | Michael Den Tandt
    What’s at issue is the pace of extraction, the means of shipment (rail or pipe), the degree and nature of carbon offsets, access to markets, and consequently the price. Currently, Texas-bound Canadian heavy crude trades at a discount to the global price. De facto, the United States has in Canada a captive supplier. Former prime minister Stephen Harper threatened, after President Barack Obama shelved the Keystone XL pipeline project in 2012, to sell our oil to China instead.... Here’s why this matters, particularly in light of Trudeau’s signature promise to boost property for Canada’s middle class: The resource economy, mineral...
  • Nobel prize winner tells Clinton: Tax fossil fuels

    08/31/2016 3:53:47 PM PDT · by 2ndDivisionVet · 46 replies
    CNN Money ^ | August 30, 2016 | Heather Long
    Nobel prize winning economist Joseph Stiglitz has some advice for Hillary Clinton: Tax fossil fuels. Stiglitz, who is an adviser to Clinton, says taxing carbon would be the best way to address climate change -- and boost the U.S. economy. The move would immediately lead to higher prices for oil, gas and coal. It would also hike the cost of anything that uses those fuels such as electricity and transportation. The goal is to force Americans to find alternatives that are cheaper and better for the planet. Taxes typically hinder the economy, but Stiglitz believes this one would help. "I...
  • Proving 'Em Wrong: How The U.S. Oil And Gas Industry Survived

    08/31/2016 11:02:34 AM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 31-08-2016 | Stuart
    The Saudis counted them out. So did the Russians, even many domestic analysts said North American shale and tight oil and gas production would decline in the face of low prices and that investment would dry up and output would fall. Well, guess what? They have all been proven wrong. Sure, rig counts have dropped and there have been painful layoffs of workers, but the industry is surviving and against all the “experts” advice, production of natural gas from the Marcellus and Utica shales of the U.S. Northeast is averaging 22.63 billion cubic feet per day in August,
  • Colorado's Anti-Fracking Crackup

    08/31/2016 5:08:19 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | August 31, 2016 | Michelle Malkin
    If a pair of extreme green ballot measures fall in the Rocky Mountains and no one in the liberal media is paying attention, does the collapse make a sound? This week, two anti-fracking initiatives backed by deep-pocketed environmental lobbying heavyweights, such as the Sierra Club and Greenpeace, failed to gather enough signatures. The more draconian of the efforts, Initiative 78, would have imposed a mandatory 2,500-foot setback around all oil and gas operations -- essentially halting drilling in upward of 95 percent of Colorado's energy-rich land area. These drastic attempts to sabotage the oil and gas industry didn't just miss...
  • Navy Can’t Prove That Green Energy Projects Save Money

    08/30/2016 6:08:30 AM PDT · by Cheerio · 17 replies
    Washington Free Beacon ^ | August 30, 2016 | Morgan Chalfant
    Service awarded $334 million contract for solar power without proper controls The U.S. Navy handed out a $334 million contract for solar power without having a good way to determine whether the project would be cost effective. The Pentagon’s inspector general recently audited three of the Navy’s large-scale renewable energy projects at installations supervised by the U.S. Pacific Command, finding that federal employees tasked with carrying out cost-effectiveness assessments of these projects did not have the documentation to back up their calculations or conclusions. The Navy has not provided “comprehensive guidance” for evaluating the cost effectiveness of the six large-scale...
  • Pemex Collapse Threatens Biggest Banks in Mexico (Big-oil bailout already under way)

    08/29/2016 2:53:37 PM PDT · by Lorianne · 12 replies
    Wolf Street ^ | 26 August 2016 | Don Quijones
    These days, the trend is not Pemex’s friend. Mexico’s loss-leading, debt-swamped, state-owned oil giant company announced that in July it had imported 554,000 barrels of oil a day — its highest monthly volume of imports since public records began in 1990. In total, two-thirds of all the oil Mexico consumed in July was imported — a staggering statistic for a country that until not so long ago was home to one of the largest oil fields in the world, the Cantarell. Pemex also acknowledged that its crude production fell a further 5% in July while its natural gas production shrunk...
  • [Failed] Colorado Anti-Fracking Ballot Measure Has ‘Potentially Forged’ Signatures

    08/29/2016 12:51:05 PM PDT · by snarkpup · 5 replies
    BOE Report ^ | August 29, 201611:50 AM | Michael Bastasch
    Colorado officials identified “several potentially forged signature lines” on a failed ballot anti-fracking ballot measure pushed by environmental activists to restrict drilling inside state lines. Officials said “No. 78,” a measure calling for a 2,500-foot setback on hydraulic fracturing, may have had forged signatures, and Colorado State Department officials “referred the questionable section to the Attorney General’s office for investigation.” Secretary of State Wayne Williams announced Monday that “two proposed ballot measures aimed at adding more limitations on oil and natural gas drilling in Colorado failed to make the November ballot because supporters didn’t collect enough valid voter signatures.” Both...
  • Exclusive: Venezuela's oil imports slump on payment woes, economic meltdown

    08/28/2016 9:18:41 PM PDT · by 2ndDivisionVet · 37 replies
    Reuters ^ | August 25, 2016 | Marianna Parraga
    Venezuela has not been able to import all the crude and fuel it needs this year to cover shortfalls at oilfields and refineries as state-run PDVSA struggles to pay suppliers on time, according to trade sources and internal company data seen exclusively by Reuters. The decline is the largest in five years as the worst economic crisis in decades undermines PDVSA's ability to buy oil imports, which fell 21 percent in the first seven months of this year to 154,465 barrels per day (bpd), the data showed. Venezuela is also on track to suffer its steepest annual oil output drop...