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Keyword: fracking

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  • Oil's New Technology Spells End Of Boom For Roughnecks

    07/10/2018 1:16:15 PM PDT · by zeestephen · 25 replies
    Wall Street Journal ^ | 10 July 2018 | Christopher M. Matthews
    The energy sector had been shielded from pressure to innovate by high oil prices. When prices fell 75% over 20 months beginning in 2014, oil and gas companies were finally forced to modernize to squeeze out profits. Many found they could use new technologies to do the work better and cheaper, with fewer people.
  • Rick Perry’s Obama Imitation

    06/06/2018 4:33:20 AM PDT · by reaganaut1 · 5 replies
    Wall Street Journal ^ | June 5, 2018
    One Trump Administration achievement has been liberating U.S. energy producers of all kinds from federal shackles. Companies have responded with jobs and investment, but all of a sudden the Administration wants to do a Barack Obama imitation and play energy favorites. The National Security Council on Friday reviewed a 41-page internal memo, leaked to Bloomberg News, suggesting that President Trump invoke emergency authority to require grid operators to buy nuclear and coal power. But there’s no emergency, and the political intervention will do more harm than good. *** The supposed problem is that the U.S. is producing an abundance of...
  • Where are those good paying energy jobs? Right here.

    06/04/2018 12:48:39 AM PDT · by 2ndDivisionVet · 6 replies
    The Pittsburgh Post-Gazette ^ | May 14, 2018 | Anya Litvak
    Not to distract from the eye-popping salaries of top energy executives, but there is something else eye-opening about comparing oil and gas CEOs to the average oil and gas worker. The median workers at these companies, at least the ones producing most of natural gas in Pennsylvania, are doing quite well. Yes, they still might earn 100 times less than their CEOs, but just try sneezing at these median compensation numbers. •CNX Resources: $129,390 •Range Resources: $123,500 •Chesapeake Energy: $118,761 •Southwestern Energy: $108,458 •EQT: $102,470 •Cabot Oil & Gas: $75,891 With about 8,500 employees among them, these Marcellus Shale operators...
  • Not really a surprise: Science again shows that fracking doesn't pollute groundwater

    05/31/2018 6:53:47 AM PDT · by SeekAndFind · 9 replies
    Washington Examiner ^ | 05/31/2018 | by Seth Whitehead
    A recent media report on a peer-reviewed study based on 180 samples from water wells near Ohio fracking sites was headlined: “Univ. of Cincy fracking study finds surprising groundwater results.” What exactly was so surprising? The report is one of more than two dozen scientific studies published since 2010 that concluded fracking is not a major threat to groundwater. No fewer than 10 peer-reviewed studies examining more than 3,000 water wells across virtually every major U.S. shale play have been released in the past five years, with each one finding no evidence of that fracking has contaminated groundwater. The reason?...
  • Trump Opens Door to Dangerous Fracking in Northern Arizona (left is freaking out)

    05/23/2018 9:43:14 AM PDT · by gattaca · 33 replies
    Eco Watch ^ | May 22, 2018 | Eco Watch
    Trump Opens Door to Dangerous Fracking in Northern Arizona A new Trump administration plan proposes to auction off 4,200 acres of public land for oil and gas development in northern Arizona. The lands straddle the Little Colorado River, are within three miles of Petrified Forest National Park, and are near habitat for a federally threatened fish called the Little Colorado spinedace. Drilling and fracking would threaten to deplete and pollute groundwater in the Little Colorado River Basin. The Bureau of Land Management (BLM) is planning the September auction—which would convey development rights to fossil-fuel companies—without any site-specific public or environmental...
  • Real Russian Collusion the Dems and MSM Ignore

    05/19/2018 7:22:01 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | May 19, 2018 | Paul Driessen
    Robert Mueller’s politicized investigation into allegations that President Trump or the Trump campaign or some Trump associate somehow colluded with Russians continues unproven but unabated. Many think partisan politics ensure it will not be concluded or terminated before the fall 2018 elections.Federal District Court Judge T. S. Ellis may have rebuked Mueller for attempting to wield “unfettered power” and actually being motivated primarily by a desire to hurt the President. But Mr. Mueller seems determined to find collusion somewhere – except where it seems blatantly obvious: in former Secretary of State Hillary Clinton’s dealings with Putin oligarchs and the Clinton...
  • The Study You Won’t Be Hearing About: No Impact On Groundwater From Fracking

    05/11/2018 8:48:28 PM PDT · by MarvinStinson · 11 replies
    hotair ^ | May 10, 2018 | JAZZ SHAW
    Protests by environmentalists against hydraulic fracturing (or fracking) have been going on for years now, along with the Hollywood efforts of serial fabulists such as Josh Fox. One of the biggest concerns surrounding the process is the possibility of contamination of groundwater. While a previous study in Pennsylvania by the state Department of Environmental Protection revealed zero instances of this happening (except for surface spills during transport of hydraulic fluids), critics discounted the study and the protests continued. Now a different study conducted in Ohio on the Utica shale play has been completed and published. They were looking for evidence...
  • ADMIRAL CUOMO PREPARES FOR WAR

    05/06/2018 6:28:53 PM PDT · by Rummyfan · 21 replies
    Powerline ^ | 6 May 2018 | Adam Mirengoff
    Is truth stranger than fiction? Usually not, if the author of fiction tries to write something strange. However, the second paragraph of this report by my conservative cousin from New York is both true and stranger than fiction: New York Governor Andrew Cuomo has apparently become unhinged by the primary challenge from the Left of “Sex and the City” co-star Cynthia Nixon. In an effort to get to the Left of Nixon, Cuomo has descended into a bizarre fantasy world. To stop the Interior Department’s approval of offshore drilling, he vows “to commission a citizen fleet from throughout the state...
  • Energy minnow Bahrain just found 80 billion barrels of oil, as much as Russia's entire reserve

    04/05/2018 7:32:58 PM PDT · by SunkenCiv · 46 replies
    Reuters via Financial Post ^ | April 5, 2018 | Davide Barbuscia
    A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the kingdom's biggest ever find, its oil minister said on Wednesday. Independent appraisals by U.S.-based oil consultants DeGolyer and MacNaughton and oilfield services company Halliburton had confirmed Bahrain's find of "highly significant quantities of oil in place ... with tight oil amounting to at least 80 billion barrels, and deep gas reserves in the region of 10-20 trillion cubic feet," Oil Minister Sheikh Mohammed bin Khalifa al-Khalifa said. Russia's entire oil reserve is 80 billion barrels. Tight oil is a...
  • Pain In The Pump: Gas Prices On The Rise

    04/03/2018 1:05:55 PM PDT · by Red Badger · 38 replies
    baltimore.cbslocal.com ^ | 04-03-2018 | Staff
    BALTIMORE (WJZ) — The cost of gas is up across the country, including in Maryland, and is inching toward the highest price in three years. Gas is going up about a penny every other day — 15 cents in the past month. “We’ll be paying the highest prices for this time of year since 2014,” said Christine Delise with AAA. Gas companies are changing over to a different summer blend. To do so, some refineries shut down, leading to the classic market principal of supply and demand. A tighter supply means they can demand more for your fuel. Demand is...
  • Deep Learning Portends 'Sea Change' for Oil and Gas Sector

    03/15/2018 1:44:40 AM PDT · by SunkenCiv · 34 replies
    Enterprise Tech ^ | February 2, 2018 | Tiffany Trader and Doug Black
    The billowing compute and data demands that spurred the oil and gas industry to be the largest commercial users of high-performance computing are now propelling the competitive sector to deploy the latest AI technologies. Beyond the requirement for accurate and speedy seismic and reservoir simulation, oil and gas operations face torrents of sensor, geolocation, weather, drilling and seismic data. Just the sensor data alone from one off-shore rig can accrue to hundreds of terabytes of data annually, but most of this remains unanalyzed, dark data. Why? Because there just isn't enough compute capacity to crunch it all. A collaboration between...
  • A ‘Major Second Wave’ of U.S. Fracking Is About to Be Unleashed Upon the World

    03/07/2018 5:44:48 PM PST · by Hojczyk · 39 replies
    Time ^ | March | By JUSTIN WORLAND
    The International Energy Agency (IEA) said in a new forecast this week that growth in U.S. oil production will cover 80% of new global demand for oil in the next three years. U.S. oil production is expected to increase nearly 30% to 17 million barrels a day by 2023 with much of that growth coming from oil produced through fracking in West Texas. Republicans politicians and policymakers celebrated the news and sought to take credit for the development. Trump has sought to portray himself as a savior of the U.S. oil and gas industry, opening up federal lands to oil...
  • Hillary and Lamar: A Meeting of Minds on Russian Collusion

    03/06/2018 7:49:09 AM PST · by Twotone · 2 replies
    American Spectator ^ | March 5, 2018 | Kevin Mooney
    America’s anti-fracking enviros had a strange benefactor. While allegations of the Donald Trump campaign colluding with Russians to alter the presidential election outcome remain unproven at best, a clear money trail and U.S. intelligence reports demonstrate Russia’s active campaign of funding U.S. environmental groups. On March 1, U.S. House Science, Space, and Technology Committee’s chairman, Rep. Lamar Smith (R-TX), released a report on “Russia’s Social Media Meddling in U.S. Energy Markets.” The report details Russia’s motives in interfering with U.S. energy markets, influencing domestic energy policy, and manipulation of Americans via social media propaganda. “This report reveals that Russian agents...
  • How Environmentalists Keep Heating Bills High

    02/27/2018 5:54:55 AM PST · by Kaslin · 8 replies
    Townhall.com ^ | February 27, 2018 | Stephen Moore
    This has been a colder-than-usual winter in the Midwest and Northeast, so many Americans are facing high home heating and electric bills. In some areas, these bills can reach $1,000 a month. Liberals, of course, charge that Donald Trump is the culprit. An AP story last week screamed: "Trump Once Again Wants to Cut Energy Assistance to the Poor." Vermont Sen. Bernie Sanders charged that if Trump has his way and eliminates the Low Income Heating Assistance Program, people might "freeze to death." But wait. Donald Trump is pro-American energy development. He isn't the one who is making energy bills...
  • Press Is Largely Ignoring Recent Awesome Fossil Fuel-Related News

    11/25/2016 6:17:22 AM PST · by rktman · 23 replies
    newsbusters.org ^ | 11/24/2016 | Tom Blumer
    Since Donald Trump's election, environmental zealots have mostly had a very rough two weeks — and Donald Trump has had nothing to do with any of it. Two developments they consider really bad (meaning good for the rest of us) far outweigh the single item they're celebrating. First, in Wyoming, just two days after the election, their "fracking is bad" Exhibit A in Pavillion, Wyoming was completely discredited. Second, in Texas this week, a huge oil discovery was reported — so big and unprecedented that the only commenter at the Associated Press's coverage of the story at the Washington Post...
  • Don’t Count On A Utah Shale Boom

    12/05/2017 8:23:21 AM PST · by bananaman22 · 24 replies
    Oilprice.com ^ | 12-04-2017 | Nick
    On Monday, President Trump announced his plan to shrink Bears Ears National Monument by 85 percent, while also cutting Grand Staircase-Escalante National Monument by half, a move that could open up Utah to more oil and gas drilling. More than 90 percent of the Bears Ears territory is thought to overlap with oil, gas and coal reserves, according to Bloomberg. Last year, EOG Resources, a prominent shale producer that is well-known in other shale basins, such as the Permian, is one of the few companies chomping at the bit in Utah. Last year, the shale driller won an approval from...
  • Environmentalists freak out over Trump’s repeal of rule which never went into effect

    01/02/2018 2:28:22 PM PST · by Kaslin · 8 replies
    Hot Air.com ^ | January 2, 2017 | JAZZ SHAW
    >The green energy, “keep it in the ground” folks are off to a bad start in 2018. It turns out that another one of Barack Obama’s signature “achievements” in energy regulation, the one which would heavily regulate fracking on federal lands, is going away. Given what a dirty word “fracking” has become in liberal circles, this is causing all manner of outrage on the left. There’s only one catch here… the rule in question never even went into effect for even a single day. (Washington Times) The Obama administration’s 2015 fracking rule was never actually implemented, thanks to an ongoing...
  • Jodie Foster slams superhero movies as cinematic equivalent of fracking

    12/31/2017 11:03:49 AM PST · by Simon Green · 170 replies
    Daily Mail ^ | 12/31/17 | Ross Mcdonagh
    Superheroes may have met their greatest adversary — Jodie Foster. The 55-year-old has claimed Comic book movies are ruining cinema. In an interview with Radio Times Magazine, the actor and director slammed the likes of Marvel and DC production as the cinematic equivalent of fracking. 'Going to the movies has become like a theme park,' she said. 'Studios making bad content in order to appeal to the masses and shareholders is like fracking — you get the best return right now but you wreck the earth.' She continued: 'It’s ruining the viewing habits of the American population and then ultimately...
  • Trump administration rescinding rules for oil, gas drilling

    12/28/2017 4:36:53 PM PST · by Olog-hai · 17 replies
    Associated Press ^ | Dec 28, 2017 5:44 PM EST
    President Donald Trump’s administration is rescinding proposed rules for hydraulic fracturing and other oil- and gas-drilling practices on government lands. The U.S. Department of the Interior announced Thursday the rescission would take effect Friday. The rules developed under President Barack Obama would have applied to drilling on federal lands located mainly in the West. They were set to take effect in 2015 but a judge in Wyoming sided with petroleum industry groups and blocked them at the last minute. …
  • Appeals court will not reconsider decision to overturn Obama-era fracking rule

    12/27/2017 11:43:29 AM PST · by ColdOne · 23 replies
    washingtonexaminer.com ^ | 12/27/17 | John Siciliano
    A federal appeals court said Wednesday it will not reconsider its September decision overturning a lower court's order to block the Obama administration’s fracking rule. The Denver-based 10th Circuit Court of Appeals said it was not interested in rehearing arguments to block the Bureau of Land Management's regulations on hydraulic fracturing, or fracking. In September, it said that the case was moot since the Trump administration's Interior Department is moving to repeal the regulation on oil and natural gas drilling on federal lands.