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Keyword: energy

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  • How and Why the CPI Was Destroyed as an Accurate Measure of Price Inflation

    07/25/2014 3:11:11 PM PDT · by george76 · 30 replies
    EPJ - Shadowstats ^ | July 23, 2014 | John Williams
    In the early-1990s, political Washington moved to change the nature of the CPI. The contention was that the CPI overstated inflation (it did not allow substitution of less-expensive hamburger for more-expensive steak). Both sides of the aisle and the financial media touted the benefits of a ďmore-accurateĒ CPI, one that would allow the substitution of goods and services. The plan was to reduce cost of living adjustments for government payments to Social Security recipients, etc. The cuts in reported inflation were an effort to reduce the federal deficit without anyone in Congress having to do the politically impossible: to vote...
  • Wisconsinites: Let Scott Walker Live Up To His Commitments To The Free Market

    07/25/2014 1:37:41 PM PDT · by BuckWilliams · 7 replies
    Tea Party Tribune ^ | July 25, 2014 | Buck Williams
    Unfortunately, competition is under attack in my beloved Wisconsin when it comes to energy choice. For the state where I grew up watching my father decry and fight like hell against the ruinous policies of Robert LaFollette Jr., who turned the state into a progressive ďparadiseĒ of which only Karl Marx and Gus Hall could be proud, I want nothing more than a vibrant competitive market. While Gov. Scott Walker has done more than any other Wisconsin governor in recent memory to undo policies that threaten competition, heís missing the boat on energy choice in the state.
  • US senator expects 2014 RFS volumes to go up, following meeting with Obama adviser

    07/25/2014 5:18:38 AM PDT · by TurboZamboni · 5 replies
    Platts.com ^ | 7-24-14 | Washington (Platts)
    Following a meeting with President Barack Obama's top energy adviser, Minnesota Senator Al Franken on Thursday said he believes the Environmental Protection Agency will raise its biofuels blending targets when it finalizes the 2014 Renewable Fuel Standard. "We are hoping for and we definitely believe we're going to get higher numbers than in the preliminary rule, and we hope they're significantly higher," Franken said on a conference call with reporters. Franken and eight other Democratic senators met with Obama adviser John Podesta to discuss the biodiesel mandate within the 2014 RFS, though Franken said ethanol issues came up, as well....
  • The Five Fatal Flaws of Solar Energy

    07/25/2014 4:33:57 AM PDT · by SeekAndFind · 15 replies
    American Thinker ^ | 07/25/2014 | Viv Forbes
    The sun is the most important energy source on Earth. Solar energy powers the growth of all trees, grasses, herbs, crops and algae; it creates the clouds and powers the storms; it is the source of all hydro, photo-voltaic (PV), solar-thermal, bio-mass, and wind energy. Over geological time, it also creates coal. PV solar panels are useful in remote locations and for some portable applications. With enough panels and batteries, standalone solar can even power homes. But solar energy has five fatal flaws for supplying 24/7 grid power.
  • Sen. Fischer: increase Russian sanctions in wake of Malaysian jet crash

    07/23/2014 1:20:27 PM PDT · by Tailgunner Joe · 12 replies
    nebraskaradionetwork.com ^ | July 23, 2014 | Brent Martin
    Sen. Deb Fischer supports increased sanctions against Russia in wake of the downing of a Malaysian commercial flight over Ukraine. Fischer acknowledges much isnít yet known about the doomed flight, except that it was shot down by a missile fired from territory occupied by pro-Russia separatists. Fischer says the U.S. must go beyond sanctions and lend support to Ukraine. ďI believe our goal must be to help the Ukrainians regain control of their country and that means providing them with assistance and holding Russia accountable for its actions,Ē Fischer tells Nebraska reporters during a conference call. Accident investigators have yet...
  • Administration to unveil stricter rules for carrying crude by rail

    07/23/2014 6:21:51 AM PDT · by Cincinatus' Wife · 17 replies
    The Hill ^ | July 23, 2014 | Laura Barron-Lopez
    The Obama administration will unveil new rules Wednesday proposing more stringent safety standards on trains carrying crude oil and other flammable fuels. Transportation Secretary Anthony Foxx is expected to announced the new rules, which will include standards for tank cars, speed limits for trains carrying crude oil, brake standards and testing for oil and other flammable liquids, according to a Wall Street Journal report. A Department of Transportation spokesperson confirmed to The Hill that the announcement will be made Wednesday. The federal rules have been anxiously awaited by the railroad and oil industries, which have met with White House and...
  • Obama Administration Ignores Reporting Law as Prairie Chicken Population Increases

    07/23/2014 5:58:03 AM PDT · by george76 · 15 replies
    Colorado Observer ^ | July 22, 2014 | Audrey Hudson
    A new study shows the lesser prairie chicken population has exploded by 20 percent prompting concern by western lawmakers that the Obama administration acted hastily when it listed the bird as threatened under the Endangered Species Act. The aerial survey conducted last month by the Western Association of Fish and Wildlife Agencies showed the grouse species numbers jumped from 18,747 to 22,415. That study plus the Agriculture Departmentís tardiness in reporting conservation efforts to Congress as required by law prompted a letter from lawmakers including Colorado Republican Rep. Scott Tipton demanding the report. ďWe request that your department provide this...
  • The Biggest Hypocrites in America

    07/22/2014 2:04:38 PM PDT · by Kaslin · 3 replies
    Townhall.com ^ | July 22, 2014 | Bill Kerpen
    Liberal megadonor Tom Steyer, failing to raise any significant outside money for his global warming Super PAC, turned to one of his San Francisco neighbors for a million dollar check. It was Herb Sandler, the subprime mortgage lender at the heart of the housing crisis, and like Steyer a huge hypocrite. Tom Steyer made his fortune as an international coal financier while enticing investors with a tax-avoidance strategy featuring offshore shelters in the Caymans, Mauritius, and Singapore. Now he's using that fortune to support liberal Democrats who want to hike taxes and deny hardworking Americans access to the same...
  • Price hikes coming for Chipotle, Dunkin' Donuts and The Cheesecake Factory

    07/22/2014 8:54:45 AM PDT · by george76 · 32 replies
    CNN ^ | Jul 21, 2014 | Amie Winters
    <p>Fast food fans, we've got some bad news. Wholesale prices on a bunch of your favorite food products have seen sharp increases this year. Among those, beef and avocados are through the roof, hitting burrito-makers doubly hard.</p> <p>Because of huge price increases for beef and avocados, Chipotle is raising menu prices for the first time in three years. It's a reality that a lot of restaurants are facing due to rising food prices.</p>
  • SHOT UP: Udall Losing In NYT Predictive Model For First Time

    07/21/2014 2:57:42 PM PDT · by george76 · 32 replies
    Colorado Peak Politics ^ | July 21, 2014
    For the first time this entire election cycle The New York Times Senate forecast at The Upshot predicts Udall has a greater chance of losing reelection than winning (53%-47%). This is a huge deal, as The Upshot tries to go beyond just the polls and factor in other intangibles about a race, such as, incumbency, fundraising, a stateís past election history among others, who the liberals at the NYT want to win. All those factors in The Upshot model lean heavily Udallís way. Yet, despite this inherent, built-in advantage, Udall canít overcome one thing: the people of Colorado feel he...
  • San Juan battle lines drawn (Reliable coal power vs. renewables in NM)

    07/21/2014 12:33:06 PM PDT · by CedarDave · 9 replies
    The Albuquerque Journal ^ | July 21, 2014 | Kevin Robinson-Avila
    The battle over where New Mexicoís electricity will come from after Public Service Company of New Mexico shuts down half of the coal-fired units at San Juan Generating Station near Farmington is growing. Environmentalists and renewable energy advocates adamantly oppose a PNM proposal to increase its share of coal-generated electricity from San Juan by 132 megawatts after some of the plantís other co-owners abandon it. They fear PNM is committing New Mexico consumers to another two decades of coal-fired electricity despite rising costs from federal environmental regulations, while squandering an opportunity to double down on renewable energy for the future....
  • Renewable Energy Growth in Perspective

    07/21/2014 11:17:18 AM PDT · by CedarDave · 5 replies
    Energy Matters ^ | July 14, 2014 | Roger Andrews
    Renewable energy, particularly wind and solar, continues to set records for electicity generation and installed capacity in many parts of the world, and as shown in Figure 1 wind and solar growth in recent years has indeed been quite spectacular:~~snip~~If decarbonization is to be achieved by expanding renewables the expansion will have to come in wind, solar and biomass. So letís take hydro out and see how far growth in wind, solar and biomass has carried us along the decarbonization path so far:Clearly they still have a long way to go.
  • Finally! Carbon Tax Gone Ė Australia gets rid of a price on carbon

    07/21/2014 10:39:46 AM PDT · by Ernest_at_the_Beach · 13 replies
    joannenova.com.au ^ | July 17th, 2014 | Joanne
    As of today, Australia no longer has the most expensive ďcarbonĒ price in the world.†The voters didnít ask for a tax in 2010,† but it was forced on them in 2011. They rejected it wholeheartedly in 2013 but it still has taken months to start unwinding this completely pointless piece of symbolism which aimed to change the weather. The machinery of democracy may be slow, but this is a win for voters.11:15am EST today: The Australian Senate passes the carbon tax repeal bill.ďAustralia has become the first country in the world to abolish a price on carbon, with the Senate...
  • What happens when a $35,000 Tesla arrives?

    07/21/2014 7:37:53 AM PDT · by BenLurkin · 104 replies
    CNET ^ | July 20, 2014 2:30 PM PDT | Brooke Crothers
    Tesla said this week that its $35,000 entry, due in 2017 (or thereabouts), will be called the Model 3. One of the keys to making a cheaper Tesla is battery technology, as CEO Elon Musk pointed out to Auto Express earlier in the week. I chatted with John Voelcker, senior editor for High Gear Media, which publishes Green Car Reports, in the wake of the news. He offered insight into what impact a lower-priced Tesla might have. Q: Tesla has sold very pricey cars to date. How might a $35,000 Model 3 shake things up? John Voelcker: A list price...
  • Exxon Oil Rig Enters Uncharted Waters of Russian Political Storm

    07/21/2014 6:54:24 AM PDT · by thackney · 6 replies
    Reuters via Rig Zone ^ | July 21, 2014 | Balazs Koranyi and Gwladys Fouche
    An ordinary, long-scheduled journey of an oil drilling rig into Arctic waters is turning into a major political exercise, attracting international scrutiny and creating a dilemma for ExxonMobil. Exxon, the top U.S. oil major and the world's most valued oil company, is bringing the rig, called West Alpha, from Norway to the Russian Arctic. It is hoping for a major discovery in the Kara Sea with Russian partner Rosneft. The journey has begun just as the United States has slapped the toughest sanctions yet on Russia, including on Rosneft, over escalating violence in Ukraine. Further sanctions are likely after the...
  • Recent improvements in petroleum trade balance mitigate U.S. trade deficit

    07/21/2014 5:28:31 AM PDT · by thackney · 3 replies
    Energy Information Administration ^ | JULY 21, 2014 | Energy Information Administration
    Since the mid-1970s, the United States has run a deficit in merchandise trade, meaning that payments for imports exceeded receipts for exports. This large and growing deficit on the merchandise trade balance reached a maximum of $883 billion in the second quarter of 2008. As a result of the recession, dramatic declines of imports in excess of exports during the fourth quarter of 2008 and the first quarter of 2009 reduced the merchandise trade deficit by 49%, to $449 billion in the second quarter of 2009. This trend of declining imports resulted in the lowest quarterly deficit level since early...
  • Gov. Dayton: Minnesota should eliminate coal use

    07/21/2014 5:11:11 AM PDT · by TurboZamboni · 34 replies
    AP ^ | 7-18-14 | AP
    <p>MINNEAPOLIS (AP) -- Gov. Mark Dayton challenged energy policy and business leaders Thursday to find a way for Minnesota to eliminate coal from the state's energy production.</p> <p>Dayton, who has spoken of his aim to eliminate coal before, said it's time to start talking details so that Minnesota can lead the nation.</p>
  • Drought hinders California's clean energy goals

    07/20/2014 5:40:26 PM PDT · by Oldeconomybuyer · 16 replies
    Fresno Bee ^ | July 20, 2014
    SAN FRANCISCO ó Already locked in its third dry year, an ongoing drought could complicate California's battle against global warming and make it more expensive, officials said. For years, dams have been one of California's main sources of clean energy, generating power without spewing greenhouse gases into the air. "If there's less hydro, the power has to come from somewhere," said Victor Niemeyer of the Electric Power Research Institute. "You have to burn more gas, and that costs more money." A power plant operator that uses more natural gas, raising its emissions, must make up by buying "allowances" under the...
  • The Stunning Key That Could Unlock 160 Billion Barrels of Oil Trapped Underneath America

    07/20/2014 1:42:44 PM PDT · by ckilmer · 69 replies
    fool.com ^ | July 20, 2014 | By Matt DiLallo
    The Stunning Key That Could Unlock 160 Billion Barrels of Oil Trapped Underneath America By Matt DiLallo | More Articles July 20, 2014 | Comments (0) †Photo†credit: Flickr/Melissa† It is estimated that there are 160 billion barrels of oil still trapped underneath this country in what are considered depleted oil fields. That's a tremendous amount of oil given that America uses about seven billion barrels of it each year. In fact, if we could only find the key to unlock this trapped oil we†could extend fleeting our reserves by more than 22 years.That's why it probably comes as a surprise...
  • Get Ready for the New England Power Shortage

    07/19/2014 6:18:35 AM PDT · by bestintxas · 34 replies
    am spectator ^ | 7/18/14 | w tucker
    n 1980, under the first administration of Governor Jerry Brown, California decided it wasnít going to build any more power plants but would follow Amory Lovinsí ďsoft path,Ē opting instead for conservation and renewable energy. By 2000, with the new digital economy sucking up electricity, a drought in the Pacific Northwest cut hydropower output and the state found itself facing the Great California Electrical Shortage. You know what happened next. For weeks the Golden State struggled to find enough electricity to power its traffic lights. Brownouts and blackouts cascaded across the state while businesses fired up smoke-belching diesel generators to...
  • Charts and maps of Americaís Amazing Shale Oil Revolution;

    07/19/2014 3:11:31 PM PDT · by ckilmer · 25 replies
    aei-ideas ^ | July 15th, 2014 | Mark J. Perry |
    Charts and maps of America‚Äôs Amazing Shale Oil Revolution; and the new ‚ÄėBig Three‚Äô: Bakken, Eagle Ford and Permian Mark J. Perry | July 15th, 2014 ¬† Skip to Responses ¬† ¬† Below are four charts and two maps that help tell the story of America‚Äôs Amazing Shale Oil Revolution:1. The Big Three. Yesterday, the Department of Energy‚Äôs Energy Information Administration (EIA) updated its monthly ‚ÄúDrilling Productivity Report‚ÄĚ with new estimates of oil production through August in America‚Äôs three, super-giant oil fields, the ‚ÄúBig Three‚ÄĚ: the Bakken in North Dakota and Eagle Ford Shale and Permian Basin in Texas. As...
  • A fracking problem for Dems

    07/19/2014 1:26:35 PM PDT · by Cincinatus' Wife · 2 replies
    The Hill ^ | July 19, 2014 | Laura Barron-Lopez
    Republicans love fracking in Colorado ¬ó and it could help them flip a critical Senate seat this fall. The onslaught against Democratic Sen. Mark Udall (Colo.) reached a fever pitch this week when Colorado Gov. John Hickenlooper (D) had to cancel a special legislative session meant to keep two hydraulic fracturing initiatives backed by Rep. Jared Polis (D-Colo.) off the November ballot. Udall, who had stayed out of the fray on the two measures, was forced to take a side much to the GOP's glee. Now, with Colorado as one of the top natural gas producing states in the nation,...
  • Wind Turbine Fires 10 Times More Common than Previously Thought

    07/18/2014 9:50:49 AM PDT · by george76 · 17 replies
    Breitbart News Network ^ | 17 Jul 2014 | Nick Hallett
    Nearly 120 wind turbines catch fire each year Ė ten times the number reported by the industry Ė according to new research. The figures show that fires are the second biggest cause of accidents in wind turbines, after blade failure. ... because the turbines are so far off the ground, it is almost impossible to put the fires out, leading to the whole structure potentially being destroyed. Dr Guillermo Rein of Imperial College said: ďFires are a problem for the industry, impacting on energy production, economic output and emitting toxic fumes. ďThis could cast a shadow over the industryís green...
  • Feds OK first-in-decades oil studies off East Coast

    07/18/2014 11:21:43 AM PDT · by thackney · 17 replies
    Fuel Fix ^ | July 18, 2014 | Jennifer A. Dlouhy
    The Obama administration on Friday gave the oil industry the green light to use air guns and sonic sensors to search for possible oil and gas under Atlantic waters, overriding environmentalists concerned that the seismic research can harm whales and other marine life. Although geophysical research companies will still have to apply for individual permits to conduct seismic studies along the south- and mid-Atlantic coast ó and undergo more rigorous environmental scrutiny of their specific plans ó the Interior Departmentís formal decision opens the door for the activity. Fridayís move also helps pave the way for possible drilling off the...
  • Boulder moves to acquire [steal] Xcel Energy distribution network through condemnation

    07/18/2014 8:26:19 AM PDT · by catnipman · 32 replies
    Daily Camera ^ | 7/17/2014 | Erica Meltzer
    Article Subtitle: Utility says city's filing 'ignores state law and is premature' "Boulder initiated long-threatened condemnation proceedings against Xcel Energy on Thursday, filing a legal petition seeking to acquire through eminent domain portions of the company's electric distribution network to serve as the backbone of a future municipal utility." ...
  • BLM: More money needed for inspections

    07/18/2014 7:30:16 AM PDT · by george76 · 24 replies
    Albuquerque Business First ^ | Jul 18, 2014 | Gary Gerew
    Bureau of Land Management Director Neil Kornze said that increased drilling and a shortage of staff are behind his agencyís request for a fee system to increase the agencyís inspection capacity. ... BLM is focused on a range of inspections, including drilling and production inspections. ... Irregular and declining budgets have hindered our ability to move out aggressively in this area. Through the Presidentís 2015 budget proposal, we are now seeking to fund inspections through a fee system that will allow us to be much more responsive to the needs of industry and, importantly, to meet the foundational safety and...
  • Kemper Coal Plant Prepares for Operation

    07/18/2014 6:50:22 AM PDT · by thackney · 9 replies
    WTOK ^ | July 17, 2014 | Candace Barnette
    Mississippi Power is looking for ways to make a positive economic impact as the Kemper Coal Plant is slowly nearing its finish line. The facility has completed construction and is now in the process of testing its equipment. And coal engineers say as they begin, they're doing their best to hire locally. "We sign long-term contracts with our customer," mine engineer Matt Jones says. "We've got a 40-year contract with Mississippi Power for this operation. We're part of the community, and we want to make sure we're hiring our neighbors as much we can." At its peak, the coal plant...
  • Revisiting Kurdistan: 'If there is a success story in Iraq, it's here'

    07/17/2014 9:39:56 PM PDT · by blueplum · 5 replies
    The Guardian ^ | July 16, 2014 | Luke Harding
    In 2003, before the US invasion of Iraq, Luke Harding found the Kurds full of defiance and hope. Returning 11 years later Ė with Baghdad's hold on power crumbling Ė he finds a self-confident region transformed by oil money The news from Iraq has been grim of late. Sectarian killings, political feuding and the flamboyant rise of Islamist fanaticism. :snip: One part of Iraq, however, has largely escaped the mayhem engulfing the rest of the country. It is Kurdistan, the autonomous Kurdish region of northern Iraq. Its capital, Irbil, is a haven of religious tolerance and relative safety. The suburb...
  • Australia abolishes divisive carbon tax

    07/17/2014 2:02:35 PM PDT · by SeekAndFind
    The Daily Times ^ | 07/17/2014
    Noah Rothman wrote up Quinnipiac’s gubernatorial poll yesterday, prompting me to wonder over at Townhall whether the polling outfit was holding back its Senate numbers for separate release. We now have our answer. A virtual deadlock, and advantage Gardner: The closely-watched U.S. Senate race is tied with 44 percent for U.S. Rep. Cory Gardner, the Republican challenger, and 42 percent for Sen. Mark Udall, the Democratic incumbent, according to a Quinnipiac University poll released today. Another 10 percent are undecided. This compares to the results of an April 24 survey by the independent Quinnipiac University showing Sen. Udall at...
  • Iraqi Kurds begin oil pumping from Kirkuk

    07/17/2014 10:31:35 AM PDT · by DeaconBenjamin · 9 replies
    Iraqís autonomous Kurdish region has begun to pump oil from Kirkuk fields previously controlled by Iraqís central government into the pipeline system that runs in its own territory, a senior Iraqi oil official said on July 17. Kirkuk lies on the disputed boundary between the northern Kurdish region and the rest of Iraq and is at the heart of a long-running dispute between Baghdad and Arbil, the Kurdish regional capital, over territory and natural resources. Kurdish forces took control of production facilities at the Kirkuk and Bai Hassan northern fields on July 11, exploiting a power vacuum created by an...
  • Australia repeals controversial carbon tax

    07/17/2014 5:26:00 AM PDT · by reaganaut1 · 9 replies
    Associated Press ^ | July 16, 2014 | KRISTEN GELINEAU
    SYDNEY (AP) ó Australia's government repealed a much-maligned carbon tax on the nation's worst greenhouse gas polluters on Thursday, ending years of contention over a measure that became political poison for the lawmakers who imposed it. The Senate voted 39 to 32 to axe the 24.15 Australian dollar ($22.60) tax per metric ton of carbon dioxide that was introduced by the center-left Labor government in July 2012. Conservative lawmakers burst into applause as the final tally was announced. Prime Minister Tony Abbott's conservative coalition government rose to power last year on the promise of getting rid of the tax, assuring...
  • Kemp: Peak Petroleum Engineer? Or Still Time to Join the Boom?

    07/17/2014 4:58:32 AM PDT · by thackney · 6 replies
    Reuters via Rig Zone ^ | July 17, 2014 | John Kemp
    Petroleum engineers are among the best paid professionals in the United States. Only chief executives and some specialist doctors earned more last year, according to federal government pay data. Petroleum engineers were paid an average of $132,000 a year, with the top 10 percent on more than $187,000, according to the Bureau of Labor Statistics (BLS). These figures include everyone from the newest graduates to the most experienced engineers with decades of experience, and are based on median earnings in May 2013. Petroleum engineers earned almost four times as much as the average employee across the economy, who was on...
  • Tesoro Refinery fire, Anacortes, Washington

    07/16/2014 6:39:38 PM PDT · by WhiskeyX · 38 replies
    WhiskeyX | 2014-07-16 | WhiskeyX
    At least two large fires that appear to be uncontrolled are visible at the Tesoro Refinery, Anacortes, Washington. No further information is available at this time. The Tesoro website does not say anything about the fires yet.
  • Looking For The Next Oil Boom? Follow The Tech

    07/16/2014 4:02:08 PM PDT · by ckilmer · 12 replies
    seekingalpha ^ | Jul. 16, 2014 10:16 AM ET
    Much larger than Eagle Ford and once thought to have reached peak production, new technology has brought us full circle back to the Permian Basin in Texas and New Mexico, where the recent shift to horizontal well drilling has rendered this play the unconventional ground zero.
  • Voters should not make engineering decisions

    07/16/2014 11:20:36 AM PDT · by thackney · 19 replies
    Houston Chronicle ^ | July 16, 2014 | Chris Tomlinson
    Denton late Tuesday night became the latest jurisdiction to announce a referendum on a drilling technique, joining Colorado and New York in allowing voters to decide where hydraulic fracturing for oil and gas may take place. This a deeply worrying trend that mixes misinformation with a not-in-my-backyard attitude that too often ignores science, engineering and the nation's need for energy. In many ways, though, the drilling companies and state regulators have themselves to blame for public outrage by failing to quickly and transparently address the concerns of local residents. First, let me say I've spoken to a lot of people...
  • Union Bashing 'Big Oil' Has Pensions Invested In Exxon and Chevron

    07/16/2014 8:25:36 AM PDT · by MichCapCon · 2 replies
    Capitol Confidential ^ | 7/13/2014 | Manny Lopez
    Listen to the Michigan Education Association and you would think that anyone who dares talk to teachers about their rights is trying to destroy education in America. To some extent, the rhetoric is expected. Changes to the status quo in education mean that unions lose their stranglehold on the tax dollars theyíve become accustomed to getting with little accountability. The MEA does not like that the Mackinac Center for Public Policy is informing teachers of their rights under Michigan's right-to-work law. Teachers who belong to the MEA but do not want to support the union for any variety of reasons...
  • China Removes Contentious Oil Rig From Waters Claimed by Vietnam

    07/16/2014 5:47:29 AM PDT · by Cringing Negativism Network · 6 replies
    Time ^ | 4:40 AM 7/16 | David Stout
    On Tuesday, the state-backed China Oilfield Services Limited said the billion-dollar platform, which had been drilling in the heart of highly contested waters claimed by Vietnam, had ďprecisely extracted the related geological data as plannedĒ and was being redeployed to sea blocks off Chinaís Hainan Island. (Please see full article at link)
  • Enhanced oil recovery techniques limited in shale

    07/16/2014 5:26:14 AM PDT · by thackney · 6 replies
    Fuel Fix ^ | July 15, 2014 | Jennifer A. Dlouhy
    Energy companies currently leave about 95 percent of the crude in the ground at todayís unconventional oil wells, but they face major technological challenges in boosting recovery rates, a Schlumberger scientist said Tuesday. Robert Kleinberg, a fellow with the oilfield services firm, bemoaned the current 5 percent recovery factor at tight oil wells, where crude is pulled from the pores of extremely dense rock formations. Geologists and engineers are actively looking for ways to boost the figure, but traditional methods applied at more conventional oil wells ó such as pumping steam underground and flooding the formations with water ó donít...
  • Oil Production in the Bakken Reaches New Record

    07/15/2014 6:55:57 AM PDT · by SeekAndFind · 10 replies
    American Thinker ^ | 07/15/2014 | Sierra Rayne
    With the release of the latest oil production data for the Bakken in North Dakota, this tight oil play reached a new record of 975,000 barrels per day in May.  This represents an increase of almost 37,000 barrels per day from the previous month, and is the largest April-May increase on record.  Daily oil per well remains stable at 127 barrels, down only slightly from the May 2013 value of 130. Overall production for North Dakota was also up in May to a new record of 1.04 million barrels per day, with daily oil per well steady at 99 barrels....
  • People who claim to worry about climate change use more electricity

    07/15/2014 2:10:10 AM PDT · by SoFloFreeper · 9 replies
    UK Telegraph ^ | 7/14/14 | Matthew Holehouse (Yes, that is his name)
    People who say they are concerned about climate change use more electricity than those who say the issue is 'too far away to worry about', government-commissioned study finds
  • Volodymyr Hroisman: Ukraine to become an energy independent country

    07/14/2014 6:21:47 PM PDT · by WhiskeyX · 6 replies
    Ukraine as an energy independent country is a key task, which the Government is trying to solve, said Vice Prime Minister-Minister of Regional Development, Construction, Housing and Utilities Volodymyr Hroisman at a briefing at the Government House. He has informed that Ukraine is to reduce natural gas consumption by 5 billion cubic meters by 2020 and hereby save UAH 8.6 billion of the State budget expenditures for compensation allocating to Naftogaz of Ukraine in order to cover the difference between the purchase price of imported natural gas and the price of natural gas supplied by heat-generating enterprises for the production...
  • North Carolina Lifts Fracking Moratorium

    07/14/2014 2:36:28 PM PDT · by Tailgunner Joe · 10 replies
    heartland.org ^ | July 14, 2014 | Bonner R. Cohen
    North Carolina Gov. Pat McCrory (R) signed into law a bill ending the Tarheel Stateís moratorium on energy production via hydraulic fracturing. Fracking to Begin in 2015 The governorís action ends a 2012 moratorium on hydraulic fracturingóalso known as frackingóthat was imposed to provide time for fracking-specific regulations to be drafted. It also terminates a decade-old fracking ban. The North Carolina Mining and Energy Commission continues to work on fracking regulations, which are scheduled to be finalized by January 1, 2015. They would go into effect in March 2015, with the first drilling permits becoming available on July 1, 2015....
  • Op-Ed: The Arctic's Huge Store of Methane Gas: 'Ticking time-bomb?' (Methane Gas New Evil)

    07/13/2014 9:13:51 PM PDT · by Up Yours Marxists · 39 replies
    Digital Journal ^ | July 13, 2014 22:12 GMT | Karen Graham
    Some climate change proponents are saying the huge amounts of methane gas, stored under the Arctic ice is a potential "ticking time bomb." They claim that we must stop extracting fossil fuels that put more CO2 into our atmosphere or face disaster. Methane is only one of a number of gases called greenhouse gases (GHG) that can absorb and emit infrared radiation, or in other words, this means they can trap and absorb heat. The most abundant GHG is water vapor, followed by carbon dioxide, methane, nitrous oxide, ozone and CFC's. By measuring atmospheric infrared radiation, climatologists are able to...
  • World View: Australia Joins Japan, Vietnam, Philippines in Opposing China

    07/13/2014 12:32:13 AM PDT · by 2ndDivisionVet · 5 replies
    Breitbart's Big Peace ^ | July 11, 2014 | John J. Xenakis
    ---snip--- Japan, Vietnam and the Philippines have been forming an alliance against China, as China has been moving to annex other countries' territories in the South and East China Seas. Relations between Vietnam and China have become particularly hostile since China deployed an oil rig in Vietnam's exclusive economic zone (EEZ). (See "China's neighbors react to new South China Sea claims" from last week.) Now Australia is signaling that it is also joining this alliance. The change in policy was indicated in a statement by Australia's foreign minister, Julie Bishop, during a visit by Japan's prime minister Shinzo Abe to...
  • Falling North Sea oil revenue 'to hit government finances'

    07/11/2014 3:02:31 PM PDT · by Lorianne · 6 replies
    BBC News ^ | 10 July 2014
    Dwindling revenue from North Sea oil will increase the pressure on government finances over the coming decades, according to the Office for Budget Responsibility (OBR). The OBR has cut its estimate of tax income from the North Sea between 2020 and 2041 by a quarter, to £40bn. The fall is down to lower production forecasts over the next few years. But its assessment was dismissed as "stuff and nonsense" by Scottish First Minister Alex Salmond. The Scottish government has argued that the OBR figures are based on a "very low estimate of future total production", which resulted in them being...
  • Fuel economy improvements show diminishing returns in fuel savings

    07/11/2014 5:23:49 AM PDT · by thackney · 26 replies
    Energy Information Administration ^ | JULY 11, 2014 | Nicholas Chase
    Fuel costs, which depend on vehicle fuel economy, miles driven, and fuel price, are an important factor in vehicle purchasing decisions. However, fuel economy improvement exhibits diminishing returns in fuel savings. For example, switching from a 10-mile-per-gallon (mpg) vehicle to a 15-mpg vehicle saves more fuel and results in greater fuel cost savings than switching from a 25-mpg vehicle to a 75-mpg vehicle. The fuel and cost savings of improving fuel economy from 12 mpg to 15 mpg are the same as increasing from 30 mpg to 60 mpg. Much of the reduction in fuel consumption and fuel cost comes...
  • Houston pay tops nation on oil, gas strength

    07/11/2014 5:06:41 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | July 10, 2014 | Collin Eaton
    Houston outpaced every city in the nation in annual wage growth during the second quarter, thanks largely to a bump in oil and gas-industry pay, according to PayScale. The Seattle-based pay tracker said the cityís 3 percent rise in annual wages beat the national average of 1.8 percent from April to June. Thatís the second consecutive quarter that Houston wage-earners beat the national average, after a sluggish 2013 that saw pay in the energy capital flatten. (Average wage earners werenít the only ones who had flat paydays last year: Some compensation packages for the chief executives of oil and gas...
  • WATER POLICY: EPA chief reaches out to farmers on muddled rule proposal

    07/10/2014 8:43:48 PM PDT · by george76 · 5 replies
    E&E ^ | July 9, 2014 | Annie Snider
    COLUMBIA, Mo. -- The Obama administration's attempt to assuage farmers' and ranchers' fears about a major Clean Water Act proposal has drawn flak from all corners, forcing the U.S. EPA administrator herself to concede yesterday that there are "legitimate concerns" with the effort. At issue is the interpretive rule for agriculture that the Obama administration released in March in tandem with a major proposal to increase the number of streams and wetlands that receive automatic Clean Water Act protection following years of regulatory uncertainty. Administrator Gina McCarthy said on a call with reporters yesterday that the interpretive rule was intended...
  • EDITORIAL: Sage-grouse politics

    07/10/2014 8:32:40 PM PDT · by george76 · 8 replies
    The fate of a chicken-size bird carries huge economic and political stakes across the West. The sage grouse, long a threat to the thriving energy sector, is also a threat to Senate Majority Leader Harry Reid. The ground-dwelling bird, which has habitat across Nevada and 10 other states, could be listed as a threatened or endangered species as soon as next year. Such a designation would place burdensome restrictions on the use of tens of millions of acres by ranchers, farmers, and oil and natural gas producers. Environmental organizations that want a halt to ranching and fossil fuel development are...
  • Seven Facts for Fracking Deniers

    07/10/2014 6:38:56 AM PDT · by rktman · 19 replies
    americanthinker.com ^ | 7/10/2014 | Jeffrey Folks
    At a recent town hall meeting in Edmond, Oklahoma, local citizens gathered to discuss the possible connection between fracking and increased seismic activity in their area. According to one published report, members of the audience left ďdisappointedĒ that no consensus had been reached linking fracking and seismic activity. According to the same report, many in the audience appeared to be ďhostile to the oil and gas industry.Ē Even in this most oil-friendly of states, it seems, there is a rush to judgment linking fracking to every conceivable sort of damage.