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Keyword: fracking

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  • Drill, Baby, Drill! US Fracking Drives Down Saudi Oil Prices

    11/18/2014 7:30:44 PM PST · by 2ndDivisionVet · 19 replies
    The Excellence In Broadcasting Network ^ | November 18, 2014 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Okay. I mentioned the plummeting oil price, and there are a lot of people trying to figure out, why is this happening? There are a lot of people that do not understand what it is that's driving down the crude oil price. What explains it? When it happens and it's a mystery, people look to traditional explanations, "Well, are people driving less? Is the demand for gasoline down? The economy bad? What's going on?" And in this case that's not the answer The simple explanation for much, not at all, but for much of the drop in...
  • Texas messes with Denton

    11/13/2014 8:39:24 PM PST · by 2ndDivisionVet · 25 replies
    al Jazeera's The Scrutineer Blog ^ | November 11, 2014 | Gregg Levine
    A week after a historic vote to ban hydraulic fracturing (or fracking — the controversial drilling method that forces oil and gas from shale formations with pressurized water, sand and a host of chemicals), Denton, Texas, has been told the state will continue to issue drilling permits within the city limits. “It’s my job to give permits, not Denton’s,” said Christi Craddick, chairwoman of the Railroad Commission of Texas. “We’re going to continue permitting up there because that’s my job.” Also known as the Texas Railroad Commission or TRC, the three-member state body actually has no jurisdiction over the rails,...
  • Texas Leads Best States For Future Job Growth

    11/13/2014 8:08:23 PM PST · by 2ndDivisionVet · 16 replies
    Forbes ^ | November 12, 2014 | Kurt Badenhausen
    Rick Perry ascended from Lieutenant Governor to Governor of Texas in December 2000 when then-governor George Bush resigned after being elected the 43rd President of the United States. Perry will retire in January with the tenth longest gubernatorial tenure in U.S. history. Perry made job creation one of his principle mantras, and he has overseen remarkable employment gains under his watch with 2.1 million jobs added during his tenure. The total represents 30% of the jobs added in the U.S. since 2000 and more than twice as many as any other state. The so-called “Texas miracle” does not show any...
  • Gov’t tells US drivers to get used to cheap gas

    11/12/2014 10:41:16 PM PST · by Olog-hai · 77 replies
    Associated Press ^ | Nov 13, 2014 12:08 AM EST | Jonathan Fahey
    Those low gas prices on station signs aren’t going away soon, the government says. In a dramatic shift from previous forecasts, the Energy Department predicted Wednesday that the average price of gasoline in the U.S. will be below $2.94 a gallon in 2015. That a 44-cent drop from an outlook issued just a month ago. If the sharply lower estimate holds true, U.S. consumers will save $61 billion on gas compared with this year. Rising oil production, particularly in the U.S., and weak spots in the global economy have led to a sharp reduction in oil prices over the past...
  • Gunnison sage grouse gets federal protection ( Colorado and Utah )

    11/12/2014 10:30:17 AM PST · by george76 · 18 replies
    ap ^ | Nov. 12, 2014
    Federal wildlife officials have granted protection to the Gunnison sage grouse, a move that could to bring restrictions on oil and gas drilling and other land uses to preserve the bird's habitat in Colorado and Utah. ... They're related to the greater sage grouse, which is at the center of a separate and larger debate over federal protection across 11 Western states.
  • Lawsuits Filed in Response to Fracking Ban in Denton, TX

    11/11/2014 9:13:15 AM PST · by ThethoughtsofGreg · 15 replies
    American Legislator ^ | 11-11-14 | John Eick
    In what many pundits have described as a “wave election,” many candidates who embraced and campaigned on the principles of free-markets and limited government saw great success this past Tuesday. In contrast, however, the citizens of Denton, TX voted via referendum to ban the oil and gas drilling technique commonly known as hydraulic fracturing. Proponents of the ban cited contamination of groundwater and seismic activity associated with the disposal of wastewater as reasons to support the ban. Interestingly, there has never before been a proven documented case of hydraulic fracturing contaminating aquifers and the precise relationship between injection wells and...
  • Home stretch for drilling law (2nd NM county prepared to prevent O&G drilling)

    11/10/2014 5:26:09 PM PST · by CedarDave · 25 replies
    Las Vegas Optic ^ | November 9, 2014 | Martin Salazar
    The San Miguel County Commission on Wednesday will vote on whether to adopt an oil and gas drilling ordinance that imposes some of the strictest requirements on hydrocarbon exploration in the country. The Commission meeting begins at 1:30 p.m. at the County Commission chambers, on the second floor of the old courthouse building. ... Commissioners held a four-hour hearing on the proposed ordinance and Comprehensive Plan changes last Monday, taking public comment from more than three dozen people. Among those present at last Monday’s hearing was Robert Freilich, the Los Angeles planning and zoning attorney hired by the county to...
  • Saudis have reasons better than shale to let prices fall

    11/09/2014 6:06:10 AM PST · by thackney · 18 replies
    Oil & Gas Journal ^ | 11/07/2014 | Bob Tippee
    Only by overlooking important forces in markets and politics can anyone assert that Saudi Arabia is letting crude prices fall mainly to extinguish competition from North American shale oil. With oil, the Saudi regime always takes the long view. With security, however, its motivations are more immediate. The kingdom faces unusually intense threats: Islamic State (IS) militancy in Iraq and Syria, the chance that Iran won’t agree by a Nov. 24 deadline to suspend its nuclear ambitions, terrorist insurrections from restive Yemen, durability of the menacing government of Bashar Al-Assad in Damascus. Falling oil prices hurt the IS and Iran,...
  • Canada, China sign currency deal aimed at boosting trade[Canada dumps dollar]

    11/09/2014 12:37:40 AM PST · by Enlightened1 · 15 replies
    CBC News ^ | 11/08/14
    Allows direct business between Canadian dollar and Chinese yuan, cutting exchange costs. Canada and China have signed a reciprocal currency deal that's expected to dramatically boost exports. The hub will foster far easier trade between the Canadian dollar and the Chinese yuan, also known as the renminbi. It makes Canada the first country in the Americas to have a deal to trade in the renminbi.
  • Waterless Fracking promises more energy, less trouble

    11/07/2014 6:40:39 PM PST · by Ernest_at_the_Beach · 42 replies
    wattsupwiththat.com ^ | November 7, 2014 | Anthony Watts
    Waterless Fracking may increase access to more energy, without the need to deal with the waste water.From the article: Researchers at the Colorado School of Mines claim they have developed a method to unlock hydrocarbons trapped in shale with using any water at all. They are seeking to perfect Cryogenic fracturing, which replaces water with searing cold liquid nitrogen (or carbon dioxide). Used at temperatures below minus 321 Fahrenheit, it is pumped underground at high pressure. Once it comes into contact with the heated, pressurized shale, a reaction occurs which caused the shale to crack open and creates fissures...
  • The Progressive Victories You Didn't Hear About in the Midterms -- And Some That Could Happen

    11/07/2014 5:22:04 PM PST · by 2ndDivisionVet · 12 replies
    The American Prospect ^ | November 7, 2014 | Peter Dreier
    Across the nation, voters passed measures against fracking and abortion restrictions, and for the minimum wage, paid sick leave, public safety and gun reform. Tuesday’s Republican wave of election victories did not reflect public opinion or the public mood. Instead it was the result of the GOP’s triumph in changing the rules of democracy to favor big business and conservative interest groups, including the triumphs of corporate money and voter suppression. But while Democrat candidates were going down to defeat, liberals and progressive won some impressive but little-publicized victories on important issues—including minimum wage hikes—especially in red and purple states,...
  • Fracking Can Now Begin In Illinois

    11/06/2014 1:54:52 PM PST · by ThethoughtsofGreg · 11 replies
    American Legislator ^ | 11-6-14 | John Eick
    Big news today out of Illinois: fracking can soon begin. Today, the 12-member Illinois Joint Committee on Administrative Rules adopted regulations that govern hydraulic fracturing within the state, which will be made public by November 15th. Oil and gas companies can start applying for permits later this month. The rules will require such permits to be approved within 60 days. Many in southern Illinois have long been pushing for hydraulic fracturing, citing a number of potential benefits, including increased tax revenue, high-paying jobs and additional investment. According to a study released two years ago by the Illinois Chamber Foundation, the...
  • Saudi oil-price cut takes market by surprise

    11/04/2014 4:57:33 AM PST · by Zhang Fei · 119 replies
    Market Watch ^ | Nov 4, 2014 2:56 a.m. ET | Nicole Freeman
    Oil prices tumbled to their lowest point in more than two years after Saudi Arabia unexpectedly cut prices for crude sold to the U.S., likely paving the way for further declines and adding to pressure on American energy producers. Meanwhile, Saudi Arabia raised the prices for its oil in other locations, including Asia, where the country had cut its prices for four consecutive months.
  • Denton ready for legal fight if fracking ban OK’d

    11/03/2014 9:20:08 PM PST · by 2ndDivisionVet · 4 replies
    DENTON, Texas (AP) — The mayor of the North Texas city weighing a ban on hydraulic fracturing this week said he’s prepared for the court battles that might result if the ban passes. Denton Mayor Chris Watts told the Fort Worth Star-Telegram that he expects Tuesday’s referendum “may be just the beginning for us.” “The vote is not the end of the story,” Watts said. “It may just be the beginning. It may be decided at the courthouse or at the Statehouse.”(continued)
  • Crashing Oil Prices Could Bring The US Fracking Boom To A Sudden And Disastrous End

    11/03/2014 2:09:43 PM PST · by SeekAndFind · 80 replies
    Business Insider ^ | 11/3/2014 | Sam ro
    Technological advances in hydraulic fracturing have fueled what some call the Great American Shale Boom. Oil and natural gas extracted from shale basins have left the US flush with energy. It's been a boon for US energy-related jobs and equipment suppliers. But it's not cheap to tap these so-called unconventional plays. In other words, crashing oil prices will soon make many of these energy sources money-losing projects. Morgan Stanley estimates the average breakeven oil price for these US plays to be about $76 to $77 per barrel. Goldman Sachs puts that number at closer to $75. If the price of...
  • Oil prices are dropping but the fracking revolution rolls on

    11/02/2014 1:03:00 PM PST · by Jack Hydrazine · 19 replies
    Yahoo! Finance ^ | 31OCT2014 | Shawna Ohm
    $75 dollars a barrel – that’s the price crude oil would have to hit for frackers in North Dakota’s Bakken fields to feel pressure to slow new production, according to Greg Zuckerman, author of “The Frackers” and a special reporter at the Wall Street Journal. “All these guys have hedged. They’ve got production [and] they’ve already got the acreage. They’re not gonna stop but maybe they’ll kind of slow new stuff.” Fracking in other parts of the country, though, is likely to be much more resilient. In Texas’s Eagle Ford and Permian basin, Zuckerman says oil prices would have to...
  • Author: Fracking Reaffirms American Exceptionalism

    10/30/2014 9:33:20 PM PDT · by 2ndDivisionVet · 4 replies
    The Daily Caller ^ | October 29, 2014 | Michael Bastasch
    The energy boom unleashed by hydraulic fracturing and horizontal drilling couldn’t have happened anywhere but America, says author and journalist Gregory Zuckerman. Zuckerman say America’s entrepreneurial spirit, knowledge and property rights make fracking a uniquely American story. “This reaffirms the concept of American exceptionalism,” Zuckerman told The Daily Caller News Foundation. “We’ve got advantages the rest of the world doesn’t have and it’s going to lead to America’s economic dominance for the next few years.” Zuckerman’s new book “The Frackers” is the story of how a few desperate entrepreneurs and wild cat drillers risked everything to extract oil and natural...
  • The True Reason Gas Prices are Falling (Hint: It’s Not Because of Green Energy)

    10/26/2014 6:23:51 PM PDT · by Coleus · 21 replies
    the daily signal ^ | October 26, 2014 | Stephen Moore
    American workers and motorists got some badly-needed relief this week when the price of oil plunged to its lowest level in years. The oil price has fallen by about 20 to 25 percent since its peak back in June of $105 a barrel. This is translating to lower prices at the pump with many states now below $3 a gallon. Already the lower oil and gas prices are the equivalent of a $70 to 200 billion cost saving to American consumers and businesses. That’s $70 to 200 billion a year we don’t have to send to Saudi Arabia, Kuwait and...
  • Southern Illinois residents rally, wait for fracking

    10/26/2014 11:05:41 AM PDT · by 2ndDivisionVet · 1 replies
    Bakken News / The Chicago Tribune ^ | October 25, 2014 | Julie Wernau
    Wayne Woolsey, an oilman since 1958, says he has core samples pulled from deep below the shale rock here that “look awful promising,” comparable to what has been found elsewhere in the country where fracking has brought plentiful jobs and enriched land owners and energy companies. So, Woolsey said, he was stunned when a Twitter account with his company’s name and his portrait surfaced with links to complaints about fracking along with a letter with his signature that informed more than 200 property owners in another county that he was terminating leases on land where he planned to drill. “We...
  • Fracking Boom About to Bust?

    10/25/2014 6:30:08 PM PDT · by 2ndDivisionVet · 44 replies
    The New American ^ | October 24, 2014 | Bob Adelmann
    Crude oil prices have dropped below $80 a barrel, down more than 20 percent just since June, meaning price estimates by the U.S. Energy Information Agency (EIA) have been far too pessimistic. And these low prices — and the fear that they could go even lower — are making a number of oil industry people increasingly nervous, with some prediciting that the prices are getting so low that oil companies are going to stop new drilling and even cut back on production from already drilled wells. On October 7, the EIA estimated that prices for West Texas Intermediate (WTI) crude...
  • Obama Wages War on American Fracking: US Senate Republicans

    10/23/2014 8:56:04 PM PDT · by Up Yours Marxists · 18 replies
    RIA Novosti (Reuters) ^ | October 24, 2014 05:41 GMT | Jonathan Ernst
    WASHINGTON, October 24 (RIA Novosti) - US President Barack Obama along with environmental activists is waging an all-out assault on American oil and gas production and hydraulic fracturing, a report published by the US Senate Committee on Environment and Public Works (EPW) said. "This strategically organized alliance [between the Obama administration and far-left environmental activists] has gone to great lengths to misconstrue facts, falsify science, and manufacture risks in order to vilify hydraulic fracturing with the long-term goal of ending the production of the nation's oil and natural gas resources," the 111-page report published Thursday said. Two weeks before the...
  • Ted Cruz Reveals What he’d do if Elected President – And it’s Even Worse Than You Thought

    10/22/2014 8:57:13 PM PDT · by 2ndDivisionVet · 92 replies
    The Burnt Orange Report ^ | October 22, 2014 | Katie Singh
    With the midterm elections approaching, Texas senator Ted Cruz penned an editorial in USA Today this week detailing what he’d like a potential Republican-controlled Congress to prioritize in 2015. As you might expect, the list is full of Tea Party staples: repealing Obamacare, cutting taxes, and slashing funding for federal programs. What makes Cruz’s list of Congressional priorities interesting is that it essentially previews what a Cruz 2016 presidential campaign agenda might look like–and it’s not pretty. As Ted Cruz’s multiple trips to Iowa have suggested, Texas’ junior senator is all-but-confirmed to be running for president in 2016. Though his...
  • Halliburton, Baker Hughes buy more sand, railcars as demand piles up

    10/22/2014 6:45:32 AM PDT · by Rodamala · 1 replies
    EagleFordTexas.com ^ | October 21, 2014 | Reuters
    As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul.
  • The Petro-States in Shambles Despite Obama

    10/21/2014 5:16:54 AM PDT · by Kaslin · 24 replies
    Townhall.com ^ | October 21 | John Ransom
    Despite an administration that has no energy policy, free market forces in the United States are finding a way to provide relief from high prices for an economy that greatly needs the respite. Oil prices are heading the right way for consumers even if the wrong way for the wildcatters, explorers and developers of domestic energy. It’s been planned that way.Now that the worldwide economy is slowing, Saudi Arabia is intent on testing American resolve to become energy independent. The oil-rich kingdom has decided on a price war—a method that would be illegal in the United States—to see if American...
  • Denton fracking ban may be unconstitutional

    10/20/2014 5:22:03 AM PDT · by 2ndDivisionVet · 8 replies
    The Wichita Falls Times Record News ^ | October 19, 2014 | Alex Mills, President, Texas Alliance of Energy Producers
    The good citizens of Denton will be voting on Nov. 4 whether or not to ban hydraulic fracturing. They have been told by former Texas Supreme Court Chief Justice Tom Phillips the ban on fracturing is unconstitutional. “Under the Texas Constitution, I do not believe that a municipality may ban all oil and gas drilling within its borders,” former Chief Justice Phillips said during a hearing before the Denton City Council on July 15. He said the ban is incompatible with state law, and it amounts to a government taking of private property of many mineral interest owners and operators....
  • Lower oil prices are unambiguously good

    10/17/2014 9:03:36 PM PDT · by Abakumov · 41 replies
    Human Events.com ^ | October 18, 2014 | Larry Kudlow
    Steep stock market corrections often create shrouds of pessimism that do bad things to people’s brainpower. And one of the absolutely stupidest things I have heard in recent weeks is that the recent drop in oil prices is bad. You heard me right. Serious people on financial television are saying lower oil prices are a signal of worldwide economic collapse. Here at home that translates to recession, deflation, a profits collapse and rising unemployment. I’ve been around for a while, and I’ve seldom heard such gibberish. The latest stock market scare stems from a bunch of fears — such as...
  • Low Oil Prices: A $660 Billion Stimulus Package

    10/17/2014 3:01:13 AM PDT · by 2ndDivisionVet · 18 replies
    BuzzFeed News ^ | October 16, 2014 | Matthew Zeitlin
    Crude prices have plunged by more than 20% in recent months. The fall means cheaper gas, cheaper flights, and generally good news for American consumers. Oil prices have been falling for months, and the slide could easily continue. With unprecedented instability in the Middle East, how could this be happening? The answer, according to analysts who follow the market, is a little bit of everything, from economic fundamentals in big oil consuming countries to growth in output among some oil producers. But much more clear is the effect of tumbling prices: Low oil prices are the equivalent of a massive...
  • Recession in Russia, revolt in Venezuela? The knock-on effects of tumbling oil prices

    10/16/2014 4:04:48 PM PDT · by Lorianne · 14 replies
    Guardian UK ^ | 15 October 2017 | Alberto Nardelli, bunch of other people
    The sudden slump in oil prices, which have fallen 15% in the past three months, has sent tremors through the capitals of the world’s great oil powers, many of whom could face testing budget crunches if the tendency persists. Higher output coupled with weaker demand from China and Europe has driven the price of crude down to $85 – its lowest for four years. The US also now produces 65% more oil than it did five years ago following the boom in shale production. The rise has contributed to the global glut of crude and allowed the US to import...
  • Jim Cramer on the Stock Market: What the Fall in Oil Means

    10/14/2014 6:04:38 AM PDT · by ckilmer · 73 replies
    thestreet ^ | Oct 13, 2014 | Jim Cramer
        3 0iJim Cramer on the Stock Market: What the Fall in Oil Means BY Jim Cramer  Oct 13, 2014 | 12:03 PM EDT   NEW YORK (Real Money) -- Blame it on the Permian. That's where the oil is flooding into the markets right now. Sure, it is absolutely true that the Bakken and the Eagle Ford shales are responsible for the lion's share of new oil being produced in this country. Sure, the Bakken in North Dakota is amazing with its 1.1 million barrels a day, double what it was when I went there a couple of...
  • Without Fracking, Oil Prices Would be at Record Highs

    10/08/2014 7:31:41 PM PDT · by MichCapCon · 13 replies
    Michigan Capitol Confidential ^ | 10/8/2014 | Tom Gantert
    Crude oil would cost at least a record-setting $150-a-barrel today if not for increased oil production in the United States, according to the U.S. Energy Information Administration. EIA chief Adam Sieminski made the comment in a recent interview with Reuters. Sieminski was appointed by President Barack Obama as EIA Administrator in 2012. “What the EIA Administrator is telling us is without fracking in the United States we’d be paying well over $4-a-gallon for gasoline and our economy would truly be in the tank,” said Daniel Kish, senior vice president of policy at the Institute for Energy Research, a non-profit research...
  • Shell testing new laser-based sensor to find shale gas

    10/08/2014 7:45:45 AM PDT · by ckilmer · 9 replies
    fuelfix ^ | October 7, 2014 at 4:18 pm | Ryan Holeywell
        Shell testing new laser-based sensor to find shale gas Posted on October 7, 2014 at 4:18 pm by Ryan Holeywell in General, Technology WellDog CEO John Pope, right, and Art Toews, gas testing technology specialist, hold a device that uses lasers to help identify shale gas reservoirs (Ryan Holeywell/Houston Chronicle) HOUSTON – Royal Dutch Shell is testing a new device that uses lasers to help identify shale gas reservoirs, Wyoming-based oilfield service company WellDog announced Tuesday.The device, which weights more than 100 pounds, is dropped into a wellbore where it shoots lasers and measures the frequency at which...
  • New Technology has Destroyed the Myth of Peak Oil

    10/06/2014 1:30:37 PM PDT · by Kaslin · 34 replies
    Townhall.com ^ | October 6, 2014 | Thomas Miller
    The Wall Street Journal ran an article recently exploring why the Peak Oil Predictions had not come true. Written by Russell Gold, the Journal’s senior energy reporter based in Austin, Texas, who himself released his first book called “The Boom: How Fracking Ignited the American Energy Revolution and Changed the World”, the article was an excellent walk through the ups and downs of the oil industry going back even to the late 1800’s. For example, did you know that John D. Rockefeller’s partner in Standard Oil, John Archbold, said, “I will drink every gallon (of oil) produced west of the...
  • U.S. about to pass Saudi Arabia as largest liquid petroleum producer

    09/30/2014 8:26:35 PM PDT · by 2ndDivisionVet · 14 replies
    Hot Air ^ | September 30, 2014 | Bruce McQuain
    The Financial Times [subscription] is reporting that the US is poised to become the world’s largest producer of liquid petroleum (oil and natural gas liquids): US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day, according to the International Energy Agency, the watchdog backed by rich countries. With US production continuing to boom, its output is set to exceed Saudi Arabia’s this month or next for the first time since 1991. [...] Rising oil and gas production has caused the US...
  • Brilliant pro-fracking ad

    09/30/2014 2:27:36 PM PDT · by 2ndDivisionVet · 6 replies
    President & CEO Magazine ^ | August 13, 2014
    “I’ll tell Vladimir!”(VIDEO-AT-LINK)I thought this was hilarious. Enjoy!
  • USGS study links fracking wastewater injection with surge in Raton Basin earthquakes

    09/27/2014 10:50:10 PM PDT · by GonzoII · 27 replies
    Summit County Voice ^ | September 27, 2014 | Bob Berwyn
    Scientists say it’s almost certain that massive injections of waste water caused recent quakes in the Raton Basin, including a 5.3 tremor in 2011 FRISCO — A surge in earthquakes in southern Colorado and New Mexico has almost certainly been caused by the injection of fracking wastewater deep into the ground, U.S. Geological Survey scientists reported last week. The study details several lines of evidence directly linking the injection wells to the seismicity. The timing and location of the quakes is clearly linked with the the documented pattern of injected wastewater. Detailed investigations of two seismic sequences (2001 and 2011)...
  • Climate Marchers' Conundrum: Whether To Embrace Shale Gas?

    09/27/2014 5:20:42 PM PDT · by 2ndDivisionVet · 23 replies
    Forbes ^ | September 26, 2014 | Ken Silverstein
    President Obama, Ban Ki-moon and 300,000 others showed up in New York City this week to support the use of modern technologies and cleaner fuels. But at least four notable heads-of-state stayed home, each of whom is just as important in the battle against global warming. Missing: China, India, Russia and Canada. While it may seem hard to reconcile that some of the globe’s biggest polluters skipped the event — they still sent delegations as a show of respect — it is not necessarily a blow to the cause. That’s because of unconventional shale gas — and the wealth of...
  • Shale Revolution Deniers Face An Inconvenient Truth

    09/24/2014 5:01:46 AM PDT · by 2ndDivisionVet · 5 replies
    Investor's Business Daily Brain Trust ^ | September 23, 2014 | Mark Perry
    Despite turning the U.S. into the world's largest producer of natural gas and driving a 3 million barrel per day surge in U.S. oil production in just the last three years, the shale revolution still has its doubters. They couldn't be more wrong. The Montreal-based Centre for Research on Globalization recently dismissed shale fracking as a "Ponzi scheme" and "this decade's version of the dot-com bubble" that's about to burst. But time and again over decades, the naysayers and "peak oil" advocates have grossly underestimated the energy industry's ability to innovate and beat production forecasts. Today's shale pessimists continue to...
  • 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 · 26 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...
  • 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...
  • 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...
  • 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...
  • 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.
  • 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.
  • Denton extends drilling moratorium until 2015; vote on frack ban looms

    09/12/2014 1:53:51 PM PDT · by 2ndDivisionVet · 10 replies
    The Dallas Business Journal ^ | September 10, 2014 | Nicholas Sakelaris
    Land-use conflicts between Barnett Shale wells and homes continues to pose a “major impediment” to Denton’s future quality of life and economic development, gas well administrator Darren Groth told the City Council Tuesday. The Council agreed, voting unanimously Tuesday to approve a moratorium on gas wells applications and permits through Jan. 20. This moratorium is separate from the Nov. 4 referendum to ban hydraulic fracking in the city of Denton, a first for Texas. The four-and-a-half-month extension gives city staff time to iron out problems with the city ordinance to prevent a repeat of what happened in the Vintage neighborhood...
  • Fracking dollars help save a sports icon in fracking-free New York (NFL's Buffalo Bills)

    09/12/2014 1:37:43 PM PDT · by 2ndDivisionVet · 6 replies
    The Barrel ^ | September 12, 2014 | John Kingston
    Another chapter in the never-ending love/hate relationship between New York and fracking. The former has banned the latter, as we’re sure you know. First, let’s go back to 2010. East Resources, which is a privately held independent oil and gas company operating in the Marcellus, among other areas, sells a vast amount of acreage in the Marcellus and other areas to Royal Dutch Shell for $4.7 billion. Then go back to earlier this year. Ralph Wilson, the only man who ever owned the Buffalo Bills, dies in March. So his heirs put the Bills–who haven’t made the NFL playoffs since...
  • Energy Minister: Half of Scottish Oil Reserves Yet to Be Exploited

    09/12/2014 12:24:40 PM PDT · by Lorianne · 19 replies
    RIA Novosti ^ | 10 September 2014 | Mark Hirst
    Scotland’s oil and gas sector is facing a bright future as half of oil reserves remain to be exploited, the Scottish Government's Minister for Energy, Enterprise and Tourism Fergus Ewing said Wednesday, commenting on a new study. Earlier, world leading oil expert Professor Alex Kemp, by using detailed financial modelling, predicted significant discoveries in Scottish oil sector made over the next 30 years. “His new predictions – based on that modelling – show a bright future for Scotland’s oil and gas sector for decades to come – with 99 new economic discoveries over the next three decades,” Ewing told RIA...
  • Barnet Shale still alive

    09/12/2014 6:12:36 AM PDT · by q_an_a · 7 replies
    Dallas Business Journal ^ | 9.10.2014 | Nicholas Sakelaris
    The Barnett Shale generates $11.8 billion in gross product per year and 107,650 permanent jobs for North Texas, according to economist Ray Perryman.
  • The Utica Shale Is Starting to Look "Extraordinary"

    09/11/2014 1:51:17 PM PDT · by ckilmer · 20 replies
    fool.com ^ | September 11, 2014 | Matt DiLallo |
    The Utica Shale Is Starting to Look "Extraordinary" By Matt DiLallo | More Articles | Save For Later September 11, 2014 | Comments (1)   Chesapeake Energy.  Few people are as bullish on the future of the Utica shale as the founder and former CEO of Chesapeake Energy (NYSE: CHK  ) , Aubrey McClendon. He famously once called it the "biggest thing economically to hit Ohio, since maybe the plow." More recently, he called it "extraordinary" and said that "pound for pound, it's the best gas rock in the U.S." What's different this time is McClendon is no longer alone in his...