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Keyword: fracking

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  • 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.
  • Anti-fracking activists and anarchists are blocking rail tracks in Olympia, Wash. [three weeks ago]

    12/18/2017 4:53:40 PM PST · by grundle · 16 replies
    Washington Post ^ | November 29, 2017 | Kyle Swenson
    There was little sleep the first night. Everyone was too wired with nerves and excitement. They expected the police to barrel in at any moment. The encampment went up on Nov. 17, a guerrilla whirlwind of tents, tarps, wooden pallets and two-by-four studs. In just a few hours, the intersection at Jefferson Street SE and Seventh Avenue in downtown Olympia, Wash., was transformed from a drab piece of asphalt into a hulking structure, somewhere between a refugee camp and a carnival tent. As impressive as the camp was, however, most of the 100 people who collected behind its barricades the...
  • Keep your fracking sand out of our port (Commies block a port to stop fracking)

    11/27/2017 10:51:14 AM PST · by Titus-Maximus · 23 replies
    Socialist Workers ^ | 11/27/2017 | Brian Huseby
    SUPPORTERS OF Olympia Stand, a climate justice coalition in Olympia, Washington, has constructed an encampment blocking the railroad tracks to the Port of Olympia--under a banner reading "No Fracking Sand in Our Port." The purpose of the blockade is to prevent fracking sands, known as ceramic proppants, from being shipped from the port to the Bakken oil fields in North Dakota and other places. Hydraulic fracturing, or fracking, is the process of extracting oil and natural gas from source rock, primarily shale. This is done by pumping a mixture of fracking sands, and large amounts of water and chemicals into...
  • DELINGPOLE: Tom Steyer Is In So Deep With The Russians They Should Call Him ‘Impaled by Vlad’

    03/02/2017 11:06:20 AM PST · by HarleyLady27 · 5 replies
    Breitbart ^ | March 2, 2017 | James Delingpole
    Liberal mega-donor Tom “Rhymes With Liar” Steyer has been ranting on Twitter about Donald Trump and the Russians But isn’t this a bit rich coming from someone whose NextGen Super PAC was dedicated to putting notorious uranium-to-the-Russkies saleswoman Hillary Clinton into the White House? A guy who, furthermore, has genuine connections – as opposed to #fakenews connections – with Putin’s inner circle? Someone who, just like Hillary, made huge chunks of his vast fortune prostituting himself so flagrantly to the Russian bear it resembled a horror out-take version of Leo Di Caprio’s ursine rape scene in The Revenant? A green...
  • Illinois' first fracking permit returned by Kansas company

    11/03/2017 6:30:42 PM PDT · by sparklite2 · 3 replies
    Associated Press ^ | 11/3/17 | AP
    SPRINGFIELD, Ill. (AP) -- The first company to obtain a permit for fracking in Illinois announced Friday it won't use it, citing market conditions and the state's "burdensome and costly" regulations. "The process we have gone through to receive a permit was burdensome, time consuming and costly due to the current rules and regulations of the state of Illinois, and it appears that this process would continue for future permit applications," Woolsey vice president Mark Sooter said in a statement. The Illinois Legislature in 2013 passed a law regulating fracking. At the time, the law was considered one of the...
  • World set to bust global warming goal, but U.N. cool on threat from Trump

    10/31/2017 8:17:13 AM PDT · by Oldeconomybuyer · 15 replies
    Reuters ^ | October 31, 2017 | by Tom Miles
    GENEVA - Greenhouse gas emissions are on course to be about 30 percent above the 2030 global target, but there are signs of a move away from fossil fuels that not even U.S. President Donald Trump can stop, the United Nations said on Tuesday. Trump has announced he will pull out of the Paris climate agreement under which 195 countries pledged to try to keep global warming to “well below” 2 degrees Celsius (3.6 degrees Fahrenheit) above pre-industrial times. An annual U.N. audit of progress toward that goal showed emissions are likely to be 53.0-55.5 billion tonnes of carbon dioxide...
  • OPEC Secretary General urges U.S. shale oil producers to help cap global supply

    10/11/2017 9:29:04 AM PDT · by Hostage · 21 replies
    El Rooters ^ | OCTOBER 9, 2017 | Reuters Staff
    NEW DELHI (Reuters) - OPEC’s Secretary General Mohammed Barkindo on Tuesday called on U.S. shale oil producers to help curtail global oil supply, warning extraordinary measures might be needed next year to sustain the rebalanced market in the medium to long term. “We urge our friends, in the shale basins of North America to take this shared responsibility with all seriousness it deserves, as one of the key lessons learnt from the current unique supply-driven cycle,” said Barkindo.
  • 10/07/2017 -- New Earthquake activity brewing -- West Coast USA

    10/07/2017 11:26:39 PM PDT · by ransomnote · 26 replies
    youtube.com ^ | Oct 7, 2017 | vlogger Dutchsinse
    Full Title:10/07/2017 -- New Earthquake activity brewing -- West Coast USA + New deep EQ event coming? Video at link. USA coverage extends from 6:43 to 29:25 with a brief break in between (discussion of non-US activity). He makes the point that the USGS did not report a 5+ earthquake off the coast of Northern California but Alaska resources did report it. His USA predictions are mild and mostly effect west coast, Nevada, Colorado, Kansas etc. Off the coast of northern California he predicts a possible 5.1 and that the energy would transfer to movement in other US locations (smaller...
  • Ethane Storage Could Bring 100,000 Jobs to the Ohio Valley

    08/29/2017 10:20:41 PM PDT · by 2ndDivisionVet · 25 replies
    The Intelligencer ^ | August 30, 2017 | Casey Junkins, Business/Energy Writer
    CANONSBURG, Pa.–West Virginia University researchers believe a Marcellus and Utica shale ethane storage hub could help create $36 billion in investment and more than 100,000 permanent jobs — some of which could occur at industrial sites left behind by Wheeling-Pittsburgh Steel, Weirton Steel and Ormet Corp. During a Tuesday conference, WVU Energy Institute Director Brian Anderson said drillers throughout the region are now producing about 460,000 barrels of ethane per day — almost three times the total amount of ethane expected to be used per day at the Royal Dutch Shell ethane cracker set for Beaver County, Pa. and the...