Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

Industry veterans talk about “The Great Crew Change,” which is occurring as an older generation of experienced oil & gas industry employees retire. The new crew coming on to take their place is often made up of twenty- and thrity-somethings who see new opportunities in a booming industry. “The gap in generations resulted from the period of low oil prices starting in the 1980s through the mid-2000s, when shale drilling took off. ‘What you had was an industry that went up, went down, there were constantly people getting laid off, and people got to the point where they just didn’t want to be in the oil industry,’ says Kirk Lazarine, 60, who spent much of his career at Chevron (CVX). ‘That’s why you see that 20-year gap, because the industry was so tormented until 2005.’” [Bloomberg BusinessWeek]

Teen Choice Awards 2013 - Press Room

The Intercontinental Exchange (ICE) located in London where much of the world’s oil and other energy commodities are traded yesterday announced the launch of 19 new energy contracts. These include several oil and refined products futures – which they call “Wet Freight” – a number of coal options, and interestingly, a handful of US environmental options that allow traders to take positions related to future carbon emissions regulations. [ICE]