Fellon McCord

EU Ban On Iran Crude Wouldn’t Roil Global Energy Market: Analysts

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The European Union’s threatened boycott of crude oil imports from Iran is likely to have little effect on global oil prices, the Iranian economy, or its controversial nuclear program because the country will be able to find other buyers such as China, analysts said.

The EU agreed the measure in principle on January 4 in the latest effort to persuade Iran to suspend its enrichment of uranium in a nuclear program which Iran says is purely for peaceful domestic purposes but which the UN, US and EU say has aggressive intent. Keep reading →

 /  Published January 9, 2012 at 1:45 PM

Claims That Fracking Causes Water Pollution Are Not Crystal Clear

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“EPA Reports Fracking Polluted Drinking Water.”

This headline exploded across the country last week following the Environmental Protection Agency’s report that fracking was the cause behind polluted drinking water in Pavillion, Wyoming. At face value, this appeared to be a major setback for fracking–and the momentum behind shale gas–as claims of ground water pollution are the loudest and most prevalent arguments against the practice. As conclusive as those headlines might have appeared, there are several aspects particular to the situation at Pavillion that will likely prove controversial enough to delay major legislation or regulation for the entire fracking industry in the near future. Keep reading →

 /  Published December 13, 2011 at 1:45 PM