Keyword: energy

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  • Hollis residents vote to oppose natural gas pipeline

    09/22/2014 10:21:12 AM PDT · by thackney · 5 replies
    WMUR9/abc ^ | Sep 20, 2014 | Stephanie Woods
    In a special meeting Saturday, the town of Hollis voted to oppose the construction of a natural gas pipeline that would run under the town. Four-hundred and twenty people attended a special town meeting Saturday morning in the Hollis-Brookline High School gym. Townspeople debated the controversial pipeline, which would run through the middle of Hollis from the southwest to the northeast. Tennessee Gas Pipeline argues that the pipeline is necessary to meet increasing energy demands in the northeast. The natural gas company submitted a proposal to build the pipeline in 2018, which the New Hampshire Energy Facility Site Evaluation committee...
  • The Oil “Market:” Time to Get off This Rollercoaster

    09/22/2014 9:55:28 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | September 22, 2014 | Ken Blackwell
    One look at today’s headlines will tell you that events around the world seem more unpredictable and chaotic than ever. Russia is showing no sign of backing down in Ukraine, even under increasing sanctions. The terrorist group, the Islamic State of Iraq and the Levant (ISIL) continues to wreak havoc in the Middle East, energized by up to $2 million a day in captured oil revenues. And political violence from Iraq to Libya continues to escalate. Americans are stuck wondering what, if anything, we can and should be doing. In the midst of all this chaos, oil prices were expected...
  • So Why Are We Allowing ISIS to Export Oil?

    09/22/2014 9:04:53 AM PDT · by Mount Athos · 39 replies
    American Thinker ^ | September 22, 2014 | Russ Vaughn
    [...] ISIS is a self-funding movement due to its control of producing oil fields in Northern Iraq. King Abdullah of Jordan estimated the ISIS revenues from energy production were approximately $6,000,000 per day, a helluva lot of income for a ragtag terrorist organization. [...] When I heard that my immediate response was to look at my spouse in astonishment and yell, “What the hell? Why are we allowing them to do that?” That question should be one that every tuned-in citizen asks of his elected representatives in Washington. To gather production from an oilfield into a central, marketable product requires...
  • Burning issues, ND operators ramping up as a new era of flaring governance draws near

    09/22/2014 7:36:14 AM PDT · by thackney · 8 replies
    Petroleum News Bakken ^ | Week of September 21, 2014 | Maxine Herr
    North Dakota’s natural gas production rose nearly 40 million cubic feet per day in July, a 3 percent increase, and the state’s gas capture also rose, increasing from 72 percent in June to 74 percent in July indicating that the industry’s efforts to capture more gas are working. However, those are cumulative statistics with some operators capturing more than 74 percent and others capturing less as drilling activity continuing to rise. The state’s Department of Mineral Resources Director Lynn Helms said the industry “will have to work very hard” in order to meet the upcoming requirements set by the North...
  • Rockefellers, Heirs to an Oil Fortune, Will Divest Charity From Fossil Fuels

    09/22/2014 5:29:29 AM PDT · by Zakeet · 15 replies
    NY Times ^ | September 21, 2014 | John Schwartz
    John D. Rockefeller built a vast fortune on oil. Now his heirs are abandoning fossil fuels. The family whose legendary wealth flowed from Standard Oil is planning to announce on Monday that its $860 million philanthropic organization, the Rockefeller Brothers Fund, is joining the divestment movement that began a couple years ago on college campuses. The announcement, timed to precede Tuesday’s opening of the United Nations climate change summit meeting in New York City, is part of a broader and accelerating initiative. In recent years, 180 institutions — including philanthropies, religious organizations, pension funds and local governments — as well...
  • Fighting Close to Libyan Oilfield, Refinery as Rival 'Oil Minister' Appears

    09/22/2014 5:21:54 AM PDT · by thackney · 1 replies
    Reuters via Rig Zone ^ | September 22, 2014 | Ayman al-Warfalli & Feras Bosalum
    Soldiers and police have clashed in the last few days near Libya's biggest El Sharara oilfield in the south, while separate fighting erupted in the west not far from the Zawiya refinery, residents and medics said. The violence came as video emerged on social media purportedly showing a rival oil minister appointed by an armed opposition group controlling the capital Tripoli giving a speech at the oil ministry. If confirmed this could mean the central government has lost control of the oil ministry, potentially paralysing vital oil exports over questions of ownership. Apparently speaking from the office of the deputy...
  • America's Fracking Boom Comes to China

    09/22/2014 5:09:29 AM PDT · by thackney · 20 replies
    The Atlantic ^ | SEP 19 2014 | JAEAH LEE AND JAMES WEST
    ...The guests at the compound that week were gearing up for another great leap: a push to export the United States' fracking boom to China's vast shale fields—and beyond. Attendees slid into black leather chairs behind glossy rosewood tables, facing a stage flanked by large projector screens. Chinese businessmen wore high-waist slacks with belts clasped over their bellies. I watched as one thumbed through business cards bearing the logos of Chevron, ConocoPhillips, Exxon Mobil, and Halliburton.... The U.S.-China Oil and Gas Industry Forum, sponsored by the U.S. departments of Commerce and Energy, as well as China's National Energy Administration, has...
  • N.D. oil boom ignites cash-spending splurge

    09/21/2014 2:37:53 PM PDT · by thackney · 24 replies
    Star Tribune ^ | September 21, 2014 | PAM LOUWAGIE
    The workers sometimes come in with stacks of $100 bills, their jeans and boots still covered in oil field mud as they scour the glass jewelry counter looking for clean sparkle. One oil field worker plopped down $25,000 for a diamond for his girlfriend back home. Many others settle on $1,000 necklace pendants in the shape of a tiny oil derrick, a diamond anchoring the bottom where the oil would be. “These guys spend lots of money on their women, and there’s plenty of money to be spent,” said Gina Abfalter, a clerk at Ritter Brothers Diamond Cutters downtown. “A...
  • The Science Is Settled: Fracking Is Safe

    09/21/2014 6:41:37 AM PDT · by rktman · 12 replies
    americanthinker.com ^ | 9/21/2014 | Jeffrey Folks
    Funded by the National Science Foundation and Duke University, a team of scientists at Ohio State and other universities conducted extensive research into the purported link between groundwater pollution and fracking. (The full title of the report, available online, is “Noble Gases Identify the Mechanisms of Fugitive Gas Contamination in Drinking-Water Wells Overlying the Marcellus and Barnett Shales.”) In an examination of 130 wells, the researchers found that, when properly conducted, no groundwater or aquifer pollution resulted from the practice of fracking itself.
  • What Drives Anti-Fracking Zealots?

    09/21/2014 8:47:45 AM PDT · by Kaslin · 25 replies
    Townhall.com ^ | September 21, 2014 | Paul Driessen
    Recent news stories underscore the tremendous benefits brought by America’s fracking revolution. * The shale oil production boom could boost US crude production to 9.5 million barrels of oil per day (bopd) next year, reducing America’s crude oil imports to 21% of domestic demand, the lowest level since 1968. Output from fracked wells represents 43% of all US oil production and 67% of natural gas production; its oil could reach 10 million bopd by 2016, the Energy Information Administration says. * The global economy saves $4.9 billion per day in oil spending because of the shale oil boom. Without it...
  • State out $675K grant but still plans to give out millions more in tax money ( Colorado )

    09/21/2014 6:34:28 AM PDT · by george76 · 25 replies
    Watchdog ^ | September 19, 2014 | Arthur Kane
    Four years ago, Kirk Swallow received state money to set up a compressed natural gas filling facility at the Rifle Shell station he co-owns. The Colorado Energy Office, then under Gov. Bill Ritter and known as the Governor’s Energy Office, gave Swallow’s company a $675,000 grant — money from fines collected from companies that violated state regulations. Swallow said he chipped in about $300,000. But, in June, Swallow had to permanently shut down the CNG pumps at 101 Railroad Ave., in Rifle, Colo. He said he was losing money because of increased competition, excessive electricity fees to run the pumps...
  • Oklahoma City oil producer unveils new formation

    09/21/2014 6:08:07 AM PDT · by ckilmer · 14 replies
    <p>OKLAHOMA CITY (AP) -- An Oklahoma City-based energy company has unveiled a new formation in south-central Oklahoma that the company's CEO said will elevate the state as an oil producer.</p> <p>Continental Resources Inc. said western Oklahoma's Springer Shale deposit is in the heart of the South Central Oklahoma Oil Province, Continental's last big discovery, The Oklahoman reported (http://bit.ly/1qk32sd).</p>
  • Why the Permian shale boom transformed US energy markets

    09/20/2014 8:56:02 AM PDT · by ckilmer · 8 replies
    marketrealist ^ | • Sep 18, 2014 10:31 am EDT | By Alex Chamberlin
    Why the Permian shale boom transformed US energy markets By Alex Chamberlin - Disclosure  • Sep 18, 2014 10:31 am EDT U.S. shale boom transformed U.S. energy marketsAccording to the U.S. Energy Information Administration (or EIA), the top seven unconventional oil plays accounted for 95% of domestic oil production growth. They also accounted for all domestic natural gas production growth during 2011–2013.Permian Basin crude oilAccording to the EIA, the Permian Basin in west Texas and eastern New Mexico is the largest crude oil-producing region in the U.S.Enlarge GraphCrude oil production from the Permian Basin increased from 850,000 barrels per day...
  • Obama hearts ISIS (Saturbray)

    09/20/2014 7:49:31 AM PDT · by bray · 12 replies
    www.braylog.com ^ | 9/20/14 | bray
    Be glad, people of Zion, rejoice in the LORD your God, for he has given you the autumn rains because he is faithful. He sends you abundant showers, both autumn and spring rains, as before. Joel 2:23 NIV Why are all the liberals crying about ISIS? This is exactly who they wanted running the Middle East for the past 50 years. They are still milking their tolerance stance like they are somehow disconnected from their barbaric death cult with ISIS isn’t Islam. The Marxist still continue to promote the militant arm of liberalism while a smaller and smaller percentage of...
  • Anti-Coal Policies Causing Florida Electricity Rate Hikes

    09/20/2014 6:04:10 AM PDT · by george76 · 11 replies
    Media Trackers ^ | August 26, 2014 | James Taylor
    Duke Energy seeks nearly $2 million in Florida electricity rate hikes to pay for a new power plant made necessary by environmental restrictions. The electricity rate hikes became necessary as environmental restrictions force the closing of two coal power plants providing Floridians with inexpensive electricity. ... Aided by $10 million in campaign spending by billionaire liberal activist Tom Steyer, the Charlie Crist campaign is hammering Gov. Rick Scott for not imposing still more stringent power plant restrictions, above and beyond those imposed by the federal government. Steyer and Crist say Florida should impose state-specific power plant restrictions that would close...
  • McConnell: Make me majority leader, I'll give you Keystone XL

    09/19/2014 7:51:37 AM PDT · by thackney · 59 replies
    The Hill ^ | 09/18/14 | Laura Barron-Lopez
    Marking the sixth anniversary of the controversial Keystone XL pipeline's permit application, Minority Leader Mitch McConnell (R-Ky.) teased voters with a preview of what a GOP-controlled Senate would do. "If American people give us the opportunity to be in a majority next year, I'll be setting the agenda," McConnell said. "It's easier to score if you're on offense, and the majority leader is offensive coordinator." He added: "If we have a new majority next year, and a new majority leader, the Keystone pipeline will be voted on on the floor of the Senate, something the current majority has been avoiding...
  • Energy investment boom drives economic recovery

    09/19/2014 7:38:47 AM PDT · by thackney · 9 replies
    The Hill ^ | September 18, 2014 | Derrick Freeman
    Americans seem to have a love-hate relationship with major energy companies. On the one hand, our iconic brands are global leaders and symbols of U.S. technological and economic prowess. On the other hand, Big Energy takes the heat when the public gets restive over rising gas prices, or there’s an extended power outage. A new Progressive Policy Institute (PPI) report highlights an underappreciated fact about energy companies—they are huge investors in the U.S. economy. In fact, along with telecoms and Internet-based businesses, they are leading our economic recovery. Each year, PPI economists Michael Mandel and Diana Carew rank America’s top...
  • KEYSTONE PIPELINE COST EXPECTED TO DOUBLE, TRANSCANADA CEO SAYS

    09/19/2014 7:04:39 AM PDT · by shove_it · 5 replies
    MarketReports ^ | 18 Sep 2014 | WPENGINE
    WASHINGTON– TransCanada Corp.’s chief executive said the cost to build the Keystone XL pipeline, currently estimated at $5.4 billion, is expected to double by the time the U.S. government completes its review of the largest part of the project. Russ Girling, chief executive of the Calgary, Alberta,-based company, in an interview this week said he expects the project’s cost could increase to a “number that gets you into the high single digits to a 10 number.” He was hesitant to say the project’s cost could double. “I was actually trying to avoid saying those words,” Mr. Girling said. “Obviously, the...
  • N. Dakota needs $800 million for housing, schools in wake of oil boom, state GOP says

    09/19/2014 5:39:15 AM PDT · by thackney · 55 replies
    Fuel Fix ^ | September 18, 2014 | Associated Press
    North Dakota Republicans on Wednesday unveiled an $800 million one-time spending plan to address immediate problems tied to the oil boom in the western part of the state.... The proposal includes $475 million to oil-producing counties and cities; $140 million to oil patch hub cities of Williston, Dickinson and Minot; $35 million to county schools affected by oil development; and $150 million for road projects outside of the oil patch.... Ron Ness, president of the North Dakota Petroleum Council, said infrastructure needs and a shortage of workers are the biggest challenges facing North Dakota’s energy sector. The state has more...
  • Chevron first energy giant to meet new sustainable shale standards

    09/19/2014 5:19:03 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | September 18, 2014 | Associated Press
    Chevron has become the first energy company to meet a new set of voluntary shale gas drilling standards that aim to go beyond existing state laws in Pennsylvania, Ohio and West Virginia, the Pittsburgh-based Center for Sustainable Shale announced Thursday... Chevron’s pledges to recycle drilling fluids, not use open waste pits and to reduce methane leaks address “very big” concerns for many people, said Davitt Woodwell, president of the Pennsylvania Environmental Council. Chevron also says it now discloses all of the chemicals used in the hydraulic fracturing, or fracking, process in the region. Woodwell said his group hopes other drilling...
  • Range Resources to pay $4 million drilling waste fine

    09/19/2014 5:15:38 AM PDT · by thackney · 5 replies
    Fuel Fix ^ | September 18, 2014 | Associated Press
    Energy company Range Resources said Thursday it has agreed to pay a $4.15 million fine for environmental violations at a western Pennsylvania site that handled natural gas drilling waste. The penalty is the largest the state has ever imposed on the shale gas industry. Range, based in Fort Worth, said in a statement that it accepts the Pennsylvania Department of Environmental Protection fine and is “deeply disappointed” over the violations at Washington County wastewater impoundments, about 25 miles southwest of Pittsburgh. The fine was imposed for leaks at open pits Range operates to store the so-called flowback waste from natural...
  • US to train veterans to install solar panels

    09/18/2014 7:50:01 AM PDT · by Olog-hai · 27 replies
    Associated Press ^ | Sep 18, 2014 9:59 AM EDT | Josh Lederman
    The U.S. is planning to train veterans to become solar panel installers in the next six years, the White House said Thursday. The jobs training program is among a host of initiatives the White House says will cut carbon dioxide emissions by more than 300 million tons through 2030, plus save billions of dollars on energy bills for homeowners and businesses. It will launch this fall at one or more military bases and train a total of at least 50,000, including veterans. …
  • Oil and gas companies court military veterans as shale boom grows

    09/18/2014 10:09:00 AM PDT · by thackney · 9 replies
    EagleFordTexas.com ^ | 9/16/2014 | Shane Thielges
    John MacZura, an Army infantry veteran, started work a week after graduation. Before receiving his petroleum engineering degree from Penn State in 2013, Mr. MacZura, 30, had already piqued the interest of five or six oil and gas companies. He had job offers from three. He eventually joined Houston-based Cabot Oil and Gas, where he now works as a completions engineer. “The military plays a large part in how I got to where I’m at today,” said Mr. MacZura. He spent four years stationed at the Schofield Barracks in Hawaii and two in the National Guard. “I can’t say I...
  • The Next Logical Step For Natural Gas Supplies?

    09/18/2014 8:47:43 AM PDT · by thackney · 4 replies
    Rig Zone ^ | September 17, 2014 | Matthew V. Veazey
    A California-based company claims that it has found a commercially viable technique to directly convert natural gas into liquid fuels or petrochemical building blocks. "Natural gas is the next logical step for the energy and chemistry industry," said Rahul Iyer, vice president of corporate development with Siluria Technologies, which is partnering with world-class refining and petrochemical companies to roll out its catalytic processes for producing ethylene and liquid hydrocarbon fuels or fuel blend stocks. Last month, Siluria announced that it raised nearly more than $30 million in a financing led by Saudi Aramco Energy Ventures (SAEV) – the venture investment...
  • Poland Plans Gas Hub to Kill Reliance on Russian Energy

    09/18/2014 8:27:38 AM PDT · by Blackyce · 17 replies
    Moscow Times ^ | 09/08/2014 | Reuters
    Poland Plans Gas Hub to Kill Reliance on Russian Energy ReutersSep. 18 2014 14:41 Last edited 14:41 Poland is taking steps towards creating a gas trading and transit hub in Central and Eastern Europe aimed at accomplishing what much of the region has failed to do: shake off almost complete reliance on Russian gas imports. Poland will open a liquefied natural gas terminal in 2015 and build new pipelines — including a planned north-south corridor stretching to Croatia — to help ease the grip of Russia's Gazprom over former Soviet bloc nations. Central Europe's biggest economy, which also intends to upgrade gas links to Lithuania to allow the re-export of gas to the Baltics, has said it plans to build 2,000 kilometers of pipelines criss-crossing the country...
  • What Offshore Oil Might Mean for an Independent Scotland

    09/18/2014 8:10:43 AM PDT · by thackney · 3 replies
    American Interest ^ | September 17, 2014 | WALTER RUSSELL MEAD & STAFF
    There’s still plenty left to parse ahead of Scotland’s historic independence referendum tomorrow, not the least of which are very real concerns over what a “yes” vote might mean for the country’s energy ambitions. The North Sea is lousy with oil deposits (though production from many of these seems to be tapering off), and many of the pro-independence agitators have campaigned on a desire to claim more of the revenues from these offshore plays. But as the New York Times reports, these fields could prove fractious for the Scotland-UK relationship: [A] yes vote on Thursday could lead to protracted wrangling...
  • An Idiotic Government with Idiotic Goals

    09/18/2014 7:42:08 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | September 18, 2014 | John Ransom
    For folks who are trying to ignite inflation, this sure isn’t working out very well. It’s been hoped by the country’s central bankers that the massive quantitative easing program along with near-zero interest rates will touch off a wave of inflation that if not exactly the same thing as boom times, will at least give the appearance of a strengthening economy. However, month after month inflation in the goods that the Fed cares about seems muted. Now this month we had the horrid news that official inflation numbers are falling not rising.
  • US shale oil growth covers up production drop in rest-of-world

    09/18/2014 7:24:16 AM PDT · by ckilmer · 19 replies
    resilience ^ | Sep 17, 2014 | by Matt Mushalik,
    US shale oil growth covers up production drop in rest-of-world by Matt Mushalik, originally published by Crude Oil Peak  | Sep 17, 2014  We use the period starting with January 2010 when crude production had come back to 2005 levels after the exceptional year of 2009.Fig 1: US crude oil vs crude oil in rest-of-world   While US shale oil production is growing, there was a drop in crude production in the rest of world since February 2012 of almost 2 million barrels/d. How did this come about? As usual, there is decline and growth and then we have geopolitics....
  • Blackout: Power Goes Off During House Climate Hearing with Obama Science Czar John Holdren ...

    09/18/2014 6:55:09 AM PDT · by shove_it · 12 replies
    ClimateDepot ^ | 17 Sep 2014 | Marc Morano
    Full headline: Blackout: Power Goes Off During House Climate Hearing with Obama Science Czar John Holdren — Lights blink on and off and stay off for almost a minute Washington D.C.- A total blackout of a House Science committee occurred during a House Hearing on Climate Change and the EPA’s power plans. The lights went out and the room was plunged into total darkness at 10:23 AM in the Rayburn House Office Building. The hearing was titled: Full Committee Hearing – “The Administration’s Climate Plan: Failure by Design” - 2318 Rayburn House Office Building Washington, D.C. 20515 | Sep 17,...
  • Medlock: Without oil exports, drilling rigs could flee U.S.

    09/18/2014 5:28:00 AM PDT · by thackney · 56 replies
    Fuel Fix ^ | September 17, 2014 | Jennifer A. Dlouhy
    It will take a “train wreck” of falling prices, declining oil production and idle drilling rigs before the United States lifts its longstanding ban on exporting crude, a noted economist predicted Wednesday. Analysts have warned those are the possible outcomes if existing discounts on U.S. crude grow even larger and domestic oil production exceeds the ability of the nation’s refiners to process it. And while oil producers are beseeching the Obama administration and lawmakers to ease the export ban now — heading off any such “day of reckoning” — Rice University economist Kenneth Medlock said political action probably will lag...
  • Miracle in Gaza: Power Plant the Guardian Declared “Destroyed” Comes Back to Life

    09/18/2014 5:01:28 AM PDT · by SJackson · 10 replies
    FrontPage Magazine ^ | September 16th, 2014 | Adam Levick
    Elder of Ziyon just published a fascinating update on the widely reported story from late July, in which Gaza’s only power plant was allegedly completely “destroyed” by an Israeli missile strike. Here’s how the Guardian covered the incident in a July 30th report by Harriet Sherwood.The report, quite naturally, didn’t mention that Israel not only denied attacking the power plant, but explained that they didn’t bomb anything in the vicinity of the power plant that day. Here are the relevant paragraphs from Sherwood’s report: Flames and clouds of black smoke billowed over Gaza‘s only power plant on after it was...
  • President Obama has a huge gas problem

    09/18/2014 1:44:05 AM PDT · by 2ndDivisionVet · 27 replies
    al-Jazeera ^ | September 15, 2014 | Peter Moskowitz
    Ahead of the People’s Climate March, activists say Obama must address fracking if he wants to leave a meaningful legacy.Later this month, hundreds of delegates will gather inside the U.N. to talk about climate change. President Barack Obama plans to attend the climate summit and reportedly wants work on a deal with other world leaders to “name and shame” countries that aren’t actively pursuing serious climate action. But outside the U.N., thousands of activists will be protesting with one message: Whatever Obama accomplishes at the U.N., it won’t be enough to save his climate legacy. The Obama administration has been...
  • Libya Shuts Down Largest Oilfield After Rebel Attacks

    09/17/2014 10:43:20 AM PDT · by thackney · 7 replies
    Oil Pro ^ | 9/17/2014 | Abisha Rabiyah
    Production has been halted at Libya's largest oilfield- the Sharara field- after a rocket attack at the connected Zawiya refinery, threatening nearly 30% of the country's production, Bloomberg reported Wednesday. A rocket exploded near a crude storage tank at the Zawiya refinery. The field was completely shutdown last evening following the discovery of damage to a 300,000 barrel crude storage tank at the facility, Mansur Abdallah, director of oil movement at the Zawiya refinery, told Bloomberg by phone. Prior to the disruption, the Sharara field produced approximately 250,000 bpd. Production was shut down as a precautionary measure after an attack...
  • Why King Coal Will Keep Its Crown

    09/17/2014 6:34:55 AM PDT · by rktman · 19 replies
    oilprice.com ^ | 9/17/2014 | Andrew Topf
    For climate change activists and those hoping for an energy future dominated by renewables or even less-polluting natural gas, the death of coal cannot come quickly enough. But with coal still the dominant form of cheap electricity throughout the world, it is unlikely the bogeyman of climate change will disappear anytime soon. That's because the price of coal, compared to other fuels, is just too good to refuse. Just look at China, where the country's double-digit economic growth has largely been fueled by coal, which fulfills 60 percent of its energy mix.
  • Islamic State Funds Push Into Syria and Iraq With Labyrinthine Oil-Smuggling Operation

    09/17/2014 5:34:46 AM PDT · by thackney
    Wall Street Journal ^ | Sept. 16, 2014 | BENOÎT FAUCON and AYLA ALBAYRAK
    The Islamic State is funding its rapid push into Syria and Iraq with a labyrinthine oil-smuggling operation that starts at seized Syrian oil fields, goes through makeshift refineries and can end up in jerrycans carried by mules into the hilly borderland of Turkey. Amid Western pressure to squeeze the group's finances, Turkey is expanding efforts to crack down on the increasingly organized business, which is now generating an estimated $2 million a day. A major route linking Syrian oil fields with the smuggling enclaves of southern Turkey offers a window onto the complexity of the oil network run by Islamic...
  • Septermber 17, News on situation in Ukraine.

    09/16/2014 9:28:01 PM PDT · by No One Special · 8 replies
    Elena Filatova's Website ^ | September 17, 2014 | Elena Filatova
    So, what is real situation in Ukraine? On the paper (officially) there is cease-fire, but if you look at the map you'll see they make idiots of all people who believe them. If it is truce I wonder what war will be like? Putin waiting for winter and already keep cutting gas to EU. With cold gas flow to Ukraine will stop. There is few things one need to know about energy balance in Ukraine. Around 70% of all energy in Ukraine produced from coal, natural gas and oil. Now see, almost all coal mines located in war zone, so...
  • Feds reveal details on Shell’s Arctic ambitions

    09/17/2014 5:01:54 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | September 16, 2014 | Jennifer A. Dlouhy
    More details came to light Tuesday on Shell’s plans for exploratory oil drilling in the Chukchi Sea north of Alaska, as federal regulators released a copy of the company’s broad Arctic drilling blueprint. Shell filed the document with the Bureau of Ocean Energy Management last month, a milestone in its quest to resume drilling in the region after its previous, attempt two years ago was marred by mishaps. Shell is aiming to drill up to six wells on separate lease blocks encompassing its Burger prospect in the Chukchi Sea, with work unfolding over several years. It plans to put two...
  • Landmark fracking study finds no water pollution

    09/16/2014 1:43:10 PM PDT · by Olog-hai · 14 replies
    Associated Press ^ | Sep 16, 2014 3:05 PM EDT | Kevin Begos
    The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania. The Department of Energy report, released Monday, was the first time an energy company allowed independent monitoring of a drilling site during the fracking process and for 18 months afterward. After those months of monitoring, researchers found that the chemical-laced fluids used to free gas stayed about 5,000 feet below drinking water supplies. Scientists used tracer fluids, seismic monitoring, and other tests...
  • Spectra Energy announces $3 billion New England project

    09/16/2014 10:34:05 AM PDT · by thackney · 5 replies
    Fuel Fix ^ | September 16, 2014 | Ryan Holeywell
    Spectra Energy Corp. announced a $3 billion expansion to its New England pipeline network which it says will help meet growing demand for natural gas in the region. The undertaking will allow Houston-based Spectra and its partners to deliver 1 billion cubic feet of natural gas per day to the area, the company said. The project will serve both gas-fired power plants as well as customers who use natural gas for heating. “This is another step in our commitment to improving power system reliability, reducing electric costs to make the region more economically competitive, and protecting New England’s quality of...
  • Russia's Energy Minister To Meet OPEC As Oil Price Falls More

    09/16/2014 6:59:39 AM PDT · by thackney · 10 replies
    Rig Zone ^ | September 15, 2014 | Reuters
    Russian Energy Minister Alexander Novak will meet OPEC officials on Tuesday in Vienna, his spokeswoman said, as oil's price fall piled pressure on Moscow's budget. The annual meeting had been planned long before oil fell below the $100 per barrel level critical for Russia's oil sales which account for 40 percent of state budget revenues. Russia suffered from a decline of oil production and prices this year and has cut its outlook for oil output as core Western Siberian fields become more depleted. The spokeswoman said that Novak and the officials from the Organization of the Petroleum Exporting Countries had...
  • Weak Wells Not Fracking Caused US Gas Leaks Into Water

    09/16/2014 6:12:51 AM PDT · by lbryce · 19 replies
    BBC ^ | September 15, 2015 | Matt McGrath
    A new study suggests that the contamination of drinking water by shale gas is due to faulty wells and not hydraulic fracturing. Researchers in the US analysed the gas content in 130 water wells in Pennsylvania and Texas. They were able to trace the methane found in the water to problems with the casing or lining of wells drilled to extract the gas. The report appears in the Proceedings of the National Academy of Sciences. In many parts of the US, the migration of gas into drinking water has raised questions about the fracking process.
  • Industry Group: Brazil 'Falling Off World Oil Map' Over Failed Policies

    09/16/2014 6:02:03 AM PDT · by thackney · 21 replies
    Reuters via Rig Zone ^ | September 16, 2014 | Jeb Blount
    Investors are losing interest in Brazil's oil industry as the country's energy policies raise costs, reduce efficiency and increase risk, Brazil's oil industry association, the IBP, said on Monday. Without changes Brazil will likely lose out to places such as Mexico, Iran, Iraq and Algeria where policies are becoming more open to private sector investment. "I went to the three largest oil conventions in the world this year and you hardly heard Brazil's name mentioned," Milton Costa Filho, Executive Secretary of the IBP told reporters at an industry event in Rio de Janeiro. "Brazil is falling off the world oil...
  • Oil tanker sizes range from general purpose to ultra-large crude carriers on AFRA scale

    09/16/2014 5:56:37 AM PDT · by thackney · 8 replies
    Energy Information Administration ^ | SEPTEMBER 16, 2014 | Energy Information Administration
    The global crude oil and refined product tanker fleet uses a classification system to standardize contract terms, establish shipping costs, and determine the ability of ships to travel into ports or through certain straights and channels. This system, known as the Average Freight Rate Assessment (AFRA) system, was established by Royal Dutch Shell six decades ago, and is overseen by the London Tanker Brokers' Panel (LTBP), an independent group of shipping brokers. AFRA uses a scale that classifies tanker vessels according to deadweight tons, a measure of a ship's capacity to carry cargo. The approximate capacity of a ship in...
  • Environmentalists Sue over Crude-by-Rail

    09/15/2014 8:45:16 PM PDT · by Citizen Zed · 32 replies
    Breitbart ^ | 9-15-2014 | WILLIAM BIGELOW
    The environmental group Earthjustice, funded by George Soros and joined by the Sierra Club and ForestEthics, is suing the U.S. Department of Transportation (DOT) in order to prevent crude oil from North Dakota’s Bakken formation to be moved to California. The suit is reportedly in reaction the Kern County Board of Supervisors’ approval last Tuesday of Alon USA Energy's plan to expand the rail terminal at its Bakersfield, CA refinery. The expansion of the terminal would create the state’s largest crude-by-rail facility and allow the terminal to import five times as much crude oil by train as it already does, Earthjustice is also claiming...
  • Study: Leaky wells, not fracking, taint water

    09/15/2014 2:52:33 PM PDT · by grundle · 5 replies
    Associated Press ^ | September 15, 2014 | Seth Borenstein
    WASHINGTON (AP) — A new study says that the drilling procedure called fracking didn’t cause much-publicized cases of tainted water, blaming contamination on leaky natural gas wells instead. The study finds that eight hydraulically fractured wells in Pennsylvania and Texas leaked gas because the piping and cement seals in the wells themselves weren’t working properly.
  • Petrodollar Panic: EU Officials Admit Buying Oil From ISIS

    09/15/2014 11:16:01 AM PDT · by Rusty0604 · 23 replies
    Zerohedge ^ | 09/15/2014 | Tyler Durden
    We recently explained how ISIS remains so well funded but what was unclear was who exactly what purchasing their 'recently-provisioned' oil reserves? The assumption being some desperate third-world nation or some scheming offshore hedge-fund arbitrageur; however, as Sott.net reports, a senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group. The official declined to disclose any names but Turkey remains a front-runner (having already shunned President Obama) and potentially France (after their recent anti-Petrodollar comments). As The Daily Signal's Kelsey Harkness ( @kelseyjharkness ) notes, According...
  • Energy boom fueled by small business, not Big Oil, industry report says

    09/15/2014 6:45:50 AM PDT · by thackney · 9 replies
    Times-Picayune ^ | September 09, 2014 | Jennifer Larino
    When it comes to the U.S. energy boom, small and mid-size firms -- not Big Oil -- are providing the momentum for growth, according to an American Petroleum Institute report released Tuesday (Sept. 9). The industry group's report looks at the oil and gas supply chain in all 50 states, listing more than 30,000 firms across the country. The findings were based on a nationwide survey asking oil and gas companies what suppliers, contractors and other vendors they use. "Oil and natural gas companies are only one part of a much larger economic success story that is creating job growth...
  • Exclusive: Nissan faces battery plant cuts as electric car hopes fade

    09/15/2014 6:41:07 AM PDT · by shove_it · 43 replies
    Rooters ^ | 15 Sep 2014 | LAURENCE FROST
    (Reuters) - Nissan (7201.T) boss Carlos Ghosn is preparing to cut battery manufacturing, people familiar with the matter said, in a new reversal on electric cars that has reopened deep divisions with alliance partner Renault (RENA.PA). The plan, which faces stiff resistance within the Japanese carmaker, would see U.S. and British production phased out and a reduced output of next-generation batteries concentrated at its domestic plant, two alliance sources told Reuters...
  • Why Farmers Need Keystone XL

    09/15/2014 6:35:11 AM PDT · by Kaslin · 10 replies
    Townhall.com ^ | September 15, 2014 | Katie Kieffer
    It’s harvest time! But oil shipments out of the Bakken are causing dangerous and costly rail delays for farmers. The oil boom in the Northern Plains is a boon to the U.S. economy, creating thousands of jobs and increasing our supply of American energy. With nearly 3 million Americans out of work, the Bakken is like a pool of cool water in an arid desert. However, our railroads do not have the capacity to transport unprecedented levels of crude oil as well as the fall harvest. Farmers are understandably frustrated with the railroad companies, yet the railroad companies say they...
  • New petroleum technology revitalizes Powder River Basin oil production

    09/15/2014 5:54:36 AM PDT · by thackney · 11 replies
    Energy Information Administration ^ | SEPTEMBER 15, 2014 | Energy Information Administration
    The Powder River Basin, well known for its abundant coal supply, is experiencing a turnaround in oil production. Production has rebounded from a low of 38,000 barrels per day (bbl/d) in 2009 to 78,000 bbl/d during first-quarter 2014. Although U.S. oil production growth is occurring primarily in the Bakken, Eagle Ford, and Permian Basins, the Powder River Basin is among other regions of the country that have also benefitted from the application of horizontal drilling and hydraulic fracturing. The increase in Powder River Basin oil production is largely attributable to production growth in the Turner, Parkman, and Niobrara-Codell formations, which...