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Keyword: gas

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  • Turn natural gas into gasoline for $1 per gallon

    08/21/2014 8:50:09 AM PDT · by ckilmer · 73 replies
    peakoil.com ^ | August 21, 2014
    Turn natural gas into gasoline for $1 per gallon The clear liquid flowing from a collection of pipes and wires in a Hayward industrial park smells just like gasoline, and for all practical purposes, it is.But it wasn’t made from crude oil. Instead, it came from natural gas, the fuel whose sudden abundance in America is reshaping the country’s energy landscape.Siluria Technologies says it can produce large quantities of gasoline, diesel, jet fuel and chemicals at a lower cost than traditional refineries and chemical plants. At today’s natural gas prices, Siluria’s technology could make gasoline at roughly $1 per gallon, according to...
  • 5 Things Pioneer Natural Resources Management Wants You to Know

    08/18/2014 11:15:30 PM PDT · by ckilmer · 29 replies
    fool.com ^ | August 18, 2014 | By Matt DiLallo
    5 Things Pioneer Natural Resources’ Management Wants You to Know By Matt DiLallo | More Articles | Save For Later August 18, 2014 | Comments (0) Pioneer Natural Resources' (NYSE: PXD  ) management team earlier this month spent nearly 75 minutes discussing its second-quarter results with analysts and investors. The company believes it is sitting on more than 10 billion barrels of recoverable oil and gas in the Permian Basin. Here's what management wants investors to know about its plans to create value from that massive resource. No. 1: The water issue is slowly drying upOne reason for Pioneer Natural Resources' large...
  • Trampling on Coal Country Families

    08/16/2014 11:50:09 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | August 16, 2014 | Paul Driessen
    Between 1989 and 2010, Congress rejected nearly 700 cap-tax-and-trade and similar bills that their proponents claimed would control Earths perpetually fickle climate and weather. So even as real world crises erupt, President Obama is using executive fiats and regulations to impose his anti-hydrocarbon agenda, slash Americas fossil fuel use, bankrupt coal and utility companies, make electricity prices skyrocket, and fundamentally transform our economic, social, legal and constitutional system. Citing climate concerns, he has refused to permit construction of the Keystone XL pipeline, and blocked or delayed Alaskan, western state and offshore oil and gas leasing and drilling. Hes proud that...
  • Ukraine gets gas from Europe after Russia cutoff, volumes plummet

    08/14/2014 12:46:09 PM PDT · by Enlightened1 · 13 replies
    Ukraine imported gas from Poland and Hungary in July after Russia cut off supplies, and the volume amounted to about a tenth of its imports a year ago, according to domestic gas transport monopoly Ukrtransgaz on Thursday.
  • Can Europe Survive Without Russian Gas?

    08/13/2014 5:49:58 AM PDT · by SeekAndFind · 9 replies
    Zero Hedge ^ | 08/13/2014 | Tyler Durden
  • Ukraine may force changes in Russian gas transit to Europe.

    08/11/2014 6:48:17 PM PDT · by wetphoenix · 13 replies
    Reuters via Yahoo! ^ | Pavel Polityuk
    KIEV (Reuters) - Ukraine said European companies would have to agree on a major revision of gas contracts with Russia if Kiev imposes sanctions on Moscow and Gazprom, a measure that may lead to disruption in gas transit to Europe. Ukraine Prime Minister Arseny Yatseniuk said last week that parliament would debate sanctions against Russia on Tuesday, which could include bans on Russian gas and sanctions against Russian banks. Ukraine gas grid Naftogaz said on Monday that the sanctions could limit or even exclude some companies from piping gas through the country, which would allow other firms to take over...
  • Does the Ukrainian Crisis Revolve Around This Pipeline?

    08/11/2014 9:11:33 PM PDT · by Mount Athos · 3 replies
    whowhatwhy.com ^ | Jul 23, 2014 | Sylvia Todorova
    Now that all eyes are on Ukraine and the potential of a bigger war looms, theres never been a more important time to understand what is at stake. As WhoWhatWhy readers know, the real reasons surrounding a conflict are often buried under the headlines and rhetoric. So it shouldnt come as any surprise that, behind the scenes, oil and natural gas are driving a big piece of the U.S. response to Russian involvement in Ukraine. If you want to understand where the rubber meets the geopolitical road in the Ukraine war, you need to learn about the 1,480-mile South Stream...
  • One Spark and the Whole Thing Will Explode: Shocking Video Captures Gas Station Disaster

    08/10/2014 6:53:19 PM PDT · by montag813 · 14 replies
    Top Right News ^ | 08-10-2014 | Jason DeWitt
    by Jason DeWitt | Top Right NewsIn a stunningvideo posted to YouTubeSaturday, a Russian gas station can be seen leaking gas (or is it? More on that below). Dozens of cars gopast the station, unaware of the extreme danger of the situation, some even stopping in front for longamount of time as the imminent catastrophe approaches -- all while the couple filming the leak discuss what might occur. At the 1:15 mark in the video, the inevitable disasteroccurs. WATCH:
  • Ukraine Considers Sanctions That Would Block the Flow of Gas from Russia

    08/08/2014 8:06:10 AM PDT · by tcrlaf · 11 replies
    Yahoo News/The Wire ^ | 8-8-2014 | Polly Mosendz
    Prime Minister Arseniy Yatsenyuk of Ukraine announced today that the nation is considering a new round of sanctions against Russia, including transit sanctions, which would affect both air travel and gas supplies to Europe. Earlier this week, Russia sanctioned produce, pork, beef from a variety of nations and air travel from Ukraine, in retaliation for U.S. and E.U. sanctions against them. This new round of Ukrainian sanctions also includes a list of 172 Russian citizens and 65 companies. They would be sanctioned specifically for "sponsoring terrorism, supporting the annexation of Crimea, and violating the territorial integrity of Ukraine." For the...
  • Petrodollar Under Threat As Russia And Iran Sign Historic 500,000 Barrel A Day Oil Deal

    08/08/2014 3:53:46 AM PDT · by wetphoenix · 20 replies
    Peak Oil ^ | August 7, 2014
    Russia Delivers Blow To Petrodollar In Historic $20 Billion Iran Oil Deal Russia signed a historic $20 billion oil deal with Iran to bypass both western sanctions and the dollar based western monetary system yesterday. President Putin Admire Gold Bar (London Gold Delivery Bar) Currency wars are set to escalate as the petro dollars decline continues. Russian Energy Minister Alexander Novak and his Iranian counterpart Bijan Zanganeh signed a five-year memorandum of understanding in Moscow, which included cooperation in the oil sector. Based on Irans proposal, we will participate in arranging shipments of crude oil, including to the Russian market,...
  • Hick avoids taking position on pipeline ( Colorado )

    08/06/2014 8:33:06 PM PDT · by george76 · 7 replies
    Durango Herald ^ | August 06, 2014 | Peter Marcus
    Says he doesnt want to upset powers in D.C. Gov. John Hickenlooper today told a room full of Western gas and oil executives that he hasnt taken a position on the proposed Keystone XL pipeline because he hasnt wanted to piss off the powers that be in Washington, D.C. Ive avoided taking a position (on the Keystone pipeline) because its just going to piss off a lot of people in Washington that I dont need to piss off, and my opinion is not going to change anybodys opinion there, Hickenlooper said ... Hickenloopers opponent, former U.S. Rep. Bob Beauprez, criticized...
  • Average Price of Electricity Climbs to All-Time Record

    07/30/2014 8:04:11 AM PDT · by george76 · 23 replies
    CNSNews ^ | July 29, 2014 | Terence P. Jeffrey
    For the first time ever, the average price for a kilowatthour (KWH) of electricity in the United States has broken through the 14-cent mark, climbing to a record 14.3 cents in June. ... Back in June 1984, the seasonally adjusted price index for electricity was 103.9less than half what it was in June 2014. Electricity prices have not always risen in the United States. The BLS has published an annual electricity price index dating back to 1913. It shows that from that year through 1947, the price of electricity in the United States generally trended down, with the index dropping...
  • We Could Unlock More Than 267 Billion Barrels of Oil in America

    07/30/2014 6:51:03 PM PDT · by ckilmer · 36 replies
    fool.com ^ | July 30, 2014 | Tyler Crowe
    We Could Unlock More Than 267 Billion Barrels of Oil in America By Tyler Crowe | More Articles | Save For Later July 30, 2014 | Comments (0) Photo credit: WPX Energy If I had told you five or six years ago that America would be producing more oil than ever before and potentially becoming an exporter of crude within a decade, you probably would have had me institutionalized. Yet thanks to the advancements in drilling techniques, we have been able to access one of the most abundant resources we didn't think were possible: shale and tight oil. Today, oil...
  • Ouray County Adopts a Road Map for the 21st Century ( Colorado - RS 2477 )

    07/28/2014 10:54:48 AM PDT · by george76 · 19 replies
    The Watch ^ | 07/24/14 | Samantha Wright
    Despite an eleventh hour interjection from the U.S. Forest Service, the Ouray County Commissioners made history this week, unanimously voting to adopt a new county road map that brings it into the 21st century. The last time an official county road map was prepared in Ouray County was in 1961. Proposed revisions to this 1961 iteration of the map took place over the past five years, first through the work of the collaborative, multi-jurisdictional Public Access Group and later through two years of intensive work by Ouray County IT/GIS Manager Jeff Bockes, who integrated modern computerized mapping techniques (including GoogleEarth)...
  • Judge rules largely in favor of Utah on rural roads dispute ( RS 2477 )

    07/28/2014 11:12:06 AM PDT · by george76 · 16 replies
    The Salt Lake Tribune ^ | March 22, 2013 | Brooke Adams
    A federal judge handed a landmark victory to Kane County and the state of Utah on Wednesday in a years-long dispute with the federal government over whether some rural routes should remain in use as roads, or if they should be closed to the public. In two decisions, U.S. District Judge Clark Waddoups found he had jurisdiction to hear Kane County's claim, gave parameters for "reasonable" right-of-way widths on some routes and determined that 12 of 15 routes in dispute were roads and therefore accessible by the public. The distinction hinged on an 1866 law through which Congress sought to...
  • Obama Administration Ignores Reporting Law as Prairie Chicken Population Increases

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

    07/21/2014 7:06:35 PM PDT · by lowbridge · 26 replies
    theblaze.com ^ | july 21, 2014 | zach noble
    The town of Somerset, Kentucky, opened a city-run filling station on Saturday, theAssociated Press reported, offering gas to the public at below-market rates. From the Associated Press: The Somerset Fuel Center opened to the public selling regular unleaded gas for $3.36 a gallon, a bit lower than some nearby competitors. In the first three hours, about 75 customers fueled up at the no-frills stations, where there are no snacks, no repairs and only regular unleaded gas. The mayor says the station was created in response to years of grumbling by townspeople about stubbornly high gas prices in Somerset, a city...
  • Charts and maps of Americas Amazing Shale Oil Revolution;

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

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

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

    07/12/2014 12:35:05 AM PDT · by 2ndDivisionVet · 31 replies
    CNS News ^ | July 11, 2014 | Penny Starr
    While the House and the Senate this week issued measures intended to temporarily replenish the Highway Trust Fund before it runs out of money next month, Rep. Earl Blumenauer (D-Ore.) ended the week by proposing to hike - then abolish - the federal fuel tax and replace it with a per-mile fee. The policy development that Im most excited about and that will reinforce the right practices for the future: After we raise the gas tax, we should abolish it, Blumenauer said on Friday at the liberal Center for American Progress in Washington, D.C. The time is right to replace...
  • Kiev Asks Russia to Pay $1Bln for Gas Left in Crimea Storage

    07/11/2014 8:57:33 AM PDT · by WhiskeyX · 8 replies
    RIA Novosti ^ | 27/05/2014 13:22 | RIA Novosti
    KIEV, May 27 (RIA Novosti) Ukraine has asked Russia to pay $1 billion for 2 billion cubic meters of natural gas stored at an underground facility belonging to Crimea's Black Sea oil and gas company Chernomorneftegaz, Acting Prime Minister Arseniy Yatsenyuk said Tuesday. [....] Until Crimeas reunification with Russia in mid-March, Chernomorneftegaz belonged to Ukrainian energy giant Naftogaz. After the referendum on secession from Ukraine, the company was nationalized.
  • WATER POLICY: EPA chief reaches out to farmers on muddled rule proposal

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

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

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

    07/03/2014 9:51:37 PM PDT · by george76 · 51 replies
    New Mexico Watchdog ^ | July 3, 2014 | Rob Nikolewski
    Last month, the U.S. Fish and Wildlife Service listed the meadow jumping mouse as an endangered species. Now, the U.S. Forest Service, which oversees the Santa Fe National Forest, is considering erecting a series of 8-foot high fences to protect the mouses habitat. The Luceros, members of the San Diego Cattlemans Association and holders of grazing permits with the federal government, say the fences will lock out their cattle as well as those of other permit holders from ever returning to the meadow where the livestock graze for 20 days in the spring and up to 40 days...
  • Gas Prices Extend Painful Record: July 4 Marks 1,290 Days above $3-a-Gallon

    07/02/2014 11:04:20 AM PDT · by Cheerio · 17 replies
    CNSNews ^ | July 2, 2014 | Julia Seymour
    This Independence Day weekend, drivers won't see any relief from high gas prices. Although prices retreated by a fraction of a cent at the beginning of the week, AAA predicts holiday travelers will pay the most at the pump since 2008. In its monthly gas price report released June 30, AAA said, "With Independence Day only a few days away, today's national average price of gas is $3.68 per gallon. This average is considerably more expensive than recent years for the holiday. The national average on July 4 in previous years was: $3.48 (2013); $3.34 (2012); $3.57 (2011); $2.74 (2010);...
  • The Real Significance Behind That Oil Export Hoopla

    06/30/2014 4:50:49 PM PDT · by ckilmer · 25 replies
    forbes ^ | 6/30/2014 @ 7:35PM | Christopher Helman
    There was a lot of hoopla last week over the news that the U.S. Department of Commerce had seemingly loosened rules governing the export of condensate — light weight hydrocarbons recovered from oil and gas wells. The excitement was palpable; shares in in oil refiners sold off. Was this the start of the big policy shift that oil producers have been dreaming of? An end to the 40-year oil export ban?
  • Energy boom fuels economic growth in Midwest states

    06/28/2014 6:28:04 AM PDT · by ckilmer · 3 replies
    miamiherald ^ | Friday, 06.27.14 | Patrick Gillespie
    Energy boom fuels economic growth in Midwest states     The drilling rig floor is slick with grease and oil in Watford City, N.D., Dec. 17, 2013. Jim Gehrz / Minneapolis Star Tribune/MCT By Patrick Gillespie McClatchy Washington Bureau WASHINGTON -- While the national business outlook remains tepid, the energy sector is driving fast economic growth in some states.A drilling boom for oil shale and natural gas has spurred prosperity throughout the middle of the United States. Despite having mostly smaller economies compared with coastal states, these states will continue growing for at least five more years, energy economists project,...
  • Russia "Not Optimistic" After EU Peace Talks; Threatens To Limit Reselling Gas To Ukraine

    06/27/2014 2:19:29 PM PDT · by tcrlaf · 2 replies
    Zerohedge ^ | 6-27-2014 | Durden
    With Petroshenko agreeing to extend today's cease-fire deadline for 3 days, the Russians, unfortunately, are not optimistic after the 'expert-level' talks in Europe. Given this, it appears Russia is preparing its retaliation for possible further sanctions that are being waved by Europe and the US. As AP reports, Russia's state-controlled gas company, Gazprom, says it could limit supplies to European customers that intend to re-sell the natural gas on to Ukraine. Whil enot naming specific countries, the Gazprom CEO explained he needed to clamp down on the so-called reverse-flow supplies the the cut-off Ukraine as they were "half-fraudulent schemes." Russia...
  • Peak Oils Revenge

    06/27/2014 1:05:09 PM PDT · by ckilmer · 13 replies
    peakoil.com ^ | June 27, 2014 | Christian DeHaemer
    Peak Oil’s Revenge A slew of events over the past few months have driven the price of oil higher.The ISIS incursion in Iraq has set up the entire Middle East for a multinational civil war. It’s not hard to envision a reign of destruction across the Arab Peninsula to the oil producing regions of Iran.Russia, the world’s largest producer of hydrocarbons, is stirring up nationalism and sending rebel groups into Ukraine.China just sent four jack-up rigs into disputed waters off Vietnam to look for oil.And two days ago, the Obama administration made it legal to export very lightly refined crude...
  • Court asked to speed up Canada lynx recovery work ((UN Agenda 21 )

    06/25/2014 7:24:38 AM PDT · by george76 · 14 replies
    ap ^ | June 24, 2014 | MATTHEW BROWN,
    Wildlife advocates want a federal judge to order faster action on a recovery plan for imperiled Canada lynx. ... Officials also say that lynx face a relatively low degree of threat compared to other protected species. The Fish and Wildlife Service was forced to come up with a timeline on the recovery document when Molloy last month expressed frustration with the government's progress. The judge said the "stutter-step" approach by federal officials necessitated court intervention. The lawsuit pending before Molloy was brought by Friends of the Wild Swan, Rocky Mountain Wild, Biodiversity Conservation Alliance and the San Juan Citizens Alliance....
  • With Putin in Vienna, Gazprom signs Austria pipeline deal

    ienna (AFP) - Coinciding with a visit to Vienna by Russian President Vladimir Putin, Russian energy giant Gazprom on Tuesday signed a deal with Austria's OMV approving the EU country's section of the controversial South Stream pipeline. The crisis in Ukraine has made the planned pipeline bringing Siberian gas to the European Union -- bypassing Ukraine -- a new focus of tensions between Moscow, Brussels and Washington. EU member Bulgaria earlier this month said it was suspending work on building its section of the multi-billion-euro (-dollar) project following pressure from the EU and the United States. The European Commission has...
  • Shale Boom Will Spread Beyond North America Before 2020: IEA

    06/22/2014 7:19:56 PM PDT · by ckilmer · 22 replies
    ibtimes.com ^ | June 17 2014 8:45 AM | By Justin Scheck and Benot Faucon
    Shale Boom Will Spread Beyond North America Before 2020: IEA By Meagan Clark on June 17 2014 8:45 AM Here's the EIA's latest assessment of where the world's known technically recoverable shale oil and gas deposits are located. The number of countries on the list has nearly doubled since 2011. U.S. Energy Information Administration Share this article   The North American shale boom that has transformed the oil industry here will spread beyond the continent before the end of the decade, the International Energy Agency (IEA) said Tuesday in its annual five-year oil market report.That’s sooner than IEA previously expected....
  • Fracking foes turn to cities

    06/22/2014 12:32:36 PM PDT · by 2ndDivisionVet · 13 replies
    The Denton Record-Chronicle ^ | June 21, 2014 | Peggy Heinkel-Wolfe
    Anti-fracking forces across the country have tapped into local governments to get them to tap the brakes on fracking, a technological advance that allows energy companies to extract oil and gas from deep rock formations by pressure-pumping them with sand, water and chemicals. Some states allow communities to regulate the energy industry, but some do not, according to Deborah Goldberg, a New York attorney with Earthjustice, a national nonprofit known for using the court system to protect the environment and peoples health. Local authority varies substantially depending on the state you are in, Goldberg said in a press briefing Friday....
  • The World Has 53.3 Years of Oil Left

    06/22/2014 10:52:21 AM PDT · by ckilmer · 67 replies
    fool.com ^ | June 22, 2014 | Matt DiLallo
    The World Has 53.3 Years of Oil Left By Matt DiLallo |June 22, 2014 |Photo credit: BP. BP (NYSE: BP) has provided an intriguing update to its global oil reserves estimate in the company's latest yearlyreview of energy statistics. BP raised its reserve estimate by 1.1% to 1,687.9 billion barrels, which is enough oil to last the world 53.3 years at the current production rates. However, there's likely a lot more oil left in the tank beyond what BP sees today. America's energy boom surgesA good portion of the growth in global oil reserves in BP's report comes from the...
  • N.D. oil production tops 1 million-barrels-a-day milestone

    06/21/2014 5:31:59 PM PDT · by ckilmer · 3 replies
    startribune ^ | Updated: June 17, 2014 - 11:08 PM | DAVID SHAFFER ,
    North Dakota has joined the big leagues of crude oil production, surpassing 1 million barrels per day — an output second only to Texas in the U.S. State officials said Tuesday that North Dakota yielded 1,001,149 barrels daily in April from a record 10,658 wells. Jubilant oil industry officials hailed the benchmark as another sign that the United States is freeing itself from the grip of foreign oil.
  • Grouse hits 400,000 Acres Out of Energy Production

    06/21/2014 8:19:33 AM PDT · by george76 · 25 replies
    Colorado Observer. ^ | June 20, 2014 | Audrey Hudson
    The federal governments decision to ban energy development across a wide swath of Colorado and eastern Utah to protect the Gunnison sage grouse habitat has raised concerns the action would inflict economic damage. Although the Obama administration was not expected to make its decision as to whether the bird warrants the endangered listing until November, the Bureau of Land Managements decision this week effectively puts an oil, gas and coal moratorium on 400,000 acres roughly 90 acres per bird. The final decision was pushed back until after the election, because when people understand the impact on jobs, people get...
  • Inflation? Only If You Look At Food, Water, Gas, Electricity And Everything Else

    06/20/2014 8:49:31 PM PDT · by george76 · 72 replies
    Zero Hedge ^ | 06/20/2014 | Tyler Durden
    Have you noticed that prices are going up rapidly? If so, you are certainly not alone. But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be. Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine. But of course the way that the inflation rate is calculated has been changed more than 20 times since the 1970s, and at this point it bears so little relation to reality that it is essentially meaningless. Anyone that...
  • Europes Anti-Fracking Activists May Be Way More Sinister Than Youd Think (Russian stooges)

    06/19/2014 5:59:17 PM PDT · by 2ndDivisionVet · 6 replies
    The National Review's The Corner ^ | June 19, 2014 | Patrick Brennan
    As the debate over how to regulate fracking and whether to permit the process at all rages in the U.S. and Europe, there are powerful interests that can benefit from blocking its expansion, namely, existing oil and gas producers, such as the Gulf States and Russia. There have been plenty of rumors that the governments of such places have supported anti-fracking activists, but now NATO has more or less officially accused Russian intelligence agencies of supporting anti-fracking NGOs in Europe. The FT reports: Russian intelligence agencies are covertly funding and working with European environmental groups to campaign against...
  • ISIS Fails To Seize Iraqs Largest Oil Refinery

    06/18/2014 3:57:56 PM PDT · by Enterprise · 26 replies
    CBS ^ | 6-18-2014 | Unknown
    BAGHDAD (CBS News/CBSDC/AP) Islamic militants attacked Iraqs largest oil refinery late Tuesday, but were repelled by Iraqi security forces after an overnight battle, Iraqi officials said Wednesday. The al Qaeda splinter group known as the Islamic State of Iraq and Syria (ISIS) began their attack late Tuesday night, but fighting continued into Wednesday morning. There were unconfirmed reports that the militants had managed to gain control of much of the refinery compound, but in messages posted on their Facebook page, the Iraqi Special Operations force vehemently denied the claims. Iraqi special forces, backed up by air support, destroyed an...
  • 4th New Mexico county joins prairie chicken fight

    06/17/2014 9:12:56 PM PDT · by george76 · 11 replies
    ap ^ | June 16, 2014
    Another New Mexico county has joined a lawsuit to fight the listing of the lesser prairie chicken as a threatened species. Lea County in southeastern New Mexico joined three other counties in the state last week in a federal lawsuit against the U.S. Department of Interior and U.S. Fish and Wildlife Service ... U.S. Rep., Steve Pearce, R-N.M., .. The Fish and Wildlife Services decision to cater to environmental groups and disregard science will devastate New Mexicos way of life, he said. New Mexicans will pay the price in lost jobs, industry, ranching and oil and gas production.
  • Feds block oil and gas leasing in Sage Grouse habitat ( Utah & Colorado )

    06/17/2014 7:17:42 AM PDT · by george76 · 17 replies
    AP ^ | Jun 17, 2014
    Federal authorities have issued a moratorium blocking oil, gas and coal leasing on 800,000 acres of public land in southwestern Colorado and eastern Utah that is habitat for the imperiled Gunnison sage grouse. ... restrictive measures that will impact jobs and economic development
  • UKRAINE: Gas pipeline "Urengoy-Uzhgorod-Pomary" pipeline explosion

    06/17/2014 6:46:33 AM PDT · by UMCRevMom@aol.com · 7 replies
    censor.net ^ | 06/17/14 16:07
    The explosion occurred on the pipeline "Urengoy-Uzhgorod-Pomary" Lokhvytsky in Poltava region. On it informs "Іnterfaks-Ukraine", referring to the press service of the Interior Ministry in the Poltava region, transmits UE. Read also "Tsenzor.NET": GTS and underground gas storage facilities will remain the property of the state, - "Naftogaz" "The report of the explosion came about 14:20. Fortunately, there were no injuries, fire works are still going on," - said the press service. According to police, the explosion occurred on a section of pipeline located in the field, the distance to the nearest settlement - about 1 km. "According to witnesses,...
  • Ukraine crisis: Russia halts gas supplies to Kiev

    06/16/2014 5:50:43 AM PDT · by tcrlaf · 16 replies
    BBC ^ | 6-16-2014 | BBC
    Ukraine says Russia has cut off all gas supplies to Kiev, in a major escalation of a dispute between the two nations. "Gas supplies to Ukraine have been reduced to zero," Ukrainian Energy Minister Yuri Prodan said. Russia's state-owned gas giant Gazprom said Ukraine had to pay upfront for its gas supplies, after Kiev failed to settle its huge debt. Gazprom had sought from Kiev $1.95bn (1.15bn) - out of $4.5bn it says it is owed - by 06:00 GMT. SNIP-- "Today, from 10:00 Moscow time, Gazprom, according to the existing contract, moved Naftogaz to prepayment for gas supplies," Gazprom...
  • Russia threatens to cut off gas to Ukraine

    06/15/2014 7:29:24 PM PDT · by tcrlaf · 24 replies
    AlJazeera ^ | 6-16-2014 | Al Jazeera
    Ukraine faces the threat of Russia cutting off gas supplies when a 06:00 GMT deadline passes on Monday after talks on a long-running gas pricing dispute failed. Russian natural gas producer Gazprom said it was not extending the deadline for Ukraine to start paying off its gas debts after the discussions ended in the early hours of the morning in Kiev, raising the prospect of disruptions to gas flows to the European Union via Ukraine. The breakdown of the talks is likely to increase political tensions that have mounted in the past few days between Kiev and Moscow as Ukrainian...
  • T. Boone Pickens Calls for Energy Plan at Stansberry Society Event

    06/13/2014 9:47:10 PM PDT · by ckilmer · 34 replies
    kitco.com ^ | 6/12/14
    The Next Billion (Barrels of Oil): T. Boone Pickens Calls for Energy Plan at Stansberry Society Event Thursday June 12, 2014 14:12 Source: JT Long of The Energy Report  (6/12/14) http://www.theenergyreport.com/pub/na/the-next-billion-barrels-of-oil-t-boone-pickens-calls-for-energy-plan-at-stansberry-society-event Known for his saying that "the first billion is the hardest," oil billionaire T. Boone Pickens addressed the Stansberry Society Conference in Dallas at the end of May with a plea for a national energy plan that takes advantage of the billions of barrels of oil being produced each day in the U.S. for domestic use. First addressing the audience, and then in conversation with event host Porter Stansberry, followed by...
  • A billion-dollar daily shot in the arm for the American economy

    06/13/2014 9:30:58 AM PDT · by ckilmer · 15 replies
    exxonmobilperspectives ^ | August 17, 2012 | Ken Cohen
    A billion-dollar daily shot in the arm for the American economy Posted: August 17, 2012 by Ken Cohen Print this: email   inShare   One billion dollars every single day.That is the rough measure of the benefit the U.S. economy is estimated to receive by the end of this year thanks to the development of new supplies of oil and natural gas, according to a new analysis.USA Today reported recently about a Merrill Lynch study that seeks to quantify just how much the new supplies of natural gas and oil from unconventional sources like shale – not to mention offshore...
  • Chesapeake chasing all-but-forgotten shale assets

    06/13/2014 9:18:43 AM PDT · by ckilmer · 7 replies
    fuelfix.com ^ | May 19, 2014 at 11:50 pm | Collin Eaton
    Chesapeake chasing ‘all-but-forgotten’ shale assets Posted on May 19, 2014 at 11:50 pm by Collin Eaton in Crude oil, Natural gas, Shale EmailPrint8 inShare81 A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP) HOUSTON – Just a month after BP decided to take a $521 million hit to abandon its plans for the Utica Shale, Chesapeake Energy last week called the region its “newest world-class asset.”It was the second surprising determination that Chesapeake executives made this year on where the company could find its biggest future growth drivers. The first out-of-the-blue call came in February, when the Oklahoma City-based...
  • New Utica wells rival core Marcellus output

    06/12/2014 4:05:34 PM PDT · by ckilmer · 11 replies
    fuelfix ^ | une 12, 2014 at 3:00 pm | by Collin Eaton
    New Utica wells rival core Marcellus output Posted on June 12, 2014 at 3:00 pm by Collin Eaton in featured, Natural gas, Shale A drilling rig in the Utica Shale. (Chesapeake) HOUSTON – Natural gas, and not oil, has turned out to be the dominant fossil fuel in Ohio’s Utica Shale, a big disappointment to the industry that prompted BP and Halcón Resources to abandon the play earlier this year.But Aubrey McClendon’s new wildcatting venture American Energy Partners and a handful of players are racing to snap up land in the southeastern corner of the play, where operators have found...