Shale-Oil Producers Ready to Raise Production Wall Street Journal: After slashing production for months, U.S. shale-oil companies say they are ready to bring rigs back into service, setting up the first big test of their ability to quickly react to rising crude prices. Last week, EOG Resources Inc. EOG, -0.08% said it would ramp up… Keep reading →
As if being in the middle of Tornado Alley wasn’t enough, Oklahoma is now at the heart of Earthquake Country. “The earthquake rate in Oklahoma has increased so significantly that it raises the risk of a larger damaging earthquake….Oklahomans should be concerned about this increased risk.” — William Leith, senior science advisor for earthquake hazards… Keep reading →
Green groups are contemplating the next battle after the fight over the Keystone XL pipeline is over. While no one knows what the ultimate fate of the pipeline will be, the decision will come soon and activists will need to move on to other issues. Green groups including the Sierra Club, Natural Resources Defense Council,… Keep reading →
Countries across the globe like to talk a big game about developing their domestic shale oil and gas resources and sometimes utter lofty expectations of energy independence. Progress, however, has been very slow. The following map by the World Resources Institute (WRI) illustrates locations of the 20 countries with the largest shale gas and tight… Keep reading →
Obama’s Claim that Keystone XL Oil ‘Bypasses the U.S.’ Earns Four Pinocchios The Washington Post (Glenn Kessler): President Obama, seeking to explain his veto of a bill that would have leapfrogged the approval process for the Keystone XL pipeline, in an interview with a North Dakota station repeated some false claims that had previously earned him… Keep reading →
Some people believe that “fracking” – the use of horizontal drilling and hydraulic fracturing technology – is a miracle, increasing the extraction of oil and gas from places deep under the ground where hydrocarbons were previously unrecoverable. It has led not only to an economic boom but to a boom in drilling from thousands of fracking wells throughout the United States.
The issue of hydraulic fracturing (or “fracking”) too often becomes a political dispute, which threatens to obscure a far more important matter for the energy industry as a whole: That fracking is a feat of engineering genius, an example of the working complexity of so many pumps, valves, meters, gears, gauges and systems; it… Keep reading →
The President of one of Canada’s biggest oil and gas producers warned the oil sands industry that they must cut costs or face a “death spiral”. The drop in oil prices is an “opportunity” for every part of the industry to cut costs and eliminate inefficiencies that crept into the system during years of high… Keep reading →