In Oklahoma, seismologists have warned that significant temblors last week could signal a larger, more dangerous earthquake to come in a state where drilling is destabilizing the bedrock. [The Guardian] Russia’s main stock indexes plummeted on Monday as the drop in oil prices cast a pall over the country’s energy-dependent economy. [The NY Times] Data… Keep reading →
The single biggest contributor to climate change in California is a blown-out natural gas well more than 8,700ft underground, state authorities and campaign groups have stated. [The Guardian] A new report from Oklahoma’s energy industry is highlighting more bad news resulting from the slide in oil and natural gas prices. [KOCO] A new study says… Keep reading →
Everyone in Colorado skis, all Oklahomans can rope a calf, and native New Jerseyans like me all talk like Pauly D did on Jersey Shore. Right? You may also stereotype when it comes to clean energy: Progressive states such as California are pumping out clean, renewable energy while others insist on clinging to old, dirty power… 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 →
Federal officials said dozens of drums of radioactive waste at a weapons laboratories in Los Alamos, New Mexico are stable after showing some signs of chemical reactions over the past year.”The drums are being closely monitored after a container with similar contents broke open in 2014, resulting in a radiation release and the indefinite closure… Keep reading →
Analysts at investment bank Credit Suisse cut their 2015 benchmark global oil price expectations in the face of bearish fundamentals, forecasting Brent to average $97 per barrel and WTI to average $89/bbl. All eyes are on Saudi Arabian exports, which are currently at the lower end of the historical spectrum and could decrease further when… Keep reading →
Continental Resources, one of the largest Bakken Shale producers, announced some good and bad news to investors yesterday – a new oil discovery (good) but increased capital expenditure guidance (bad). The company announced a new oil discovery in the South-Central Oklahoma Oil Province (SCOOP) where it also said “net unrisked resource potential has increased to… Keep reading →
Luxury electric car manufacturer and Wall Street darling Tesla announced 3rd quarter earnings yesterday that contained mixed results. The company reported a record 5,500 Model S deliveries, which beat its own expectations, but the financials were mixed. “The company’s earnings, excluding special charges, came in at $16 million, or 12 cents a share, just ahead… Keep reading →
Several of the Lower 48 United States, such as North Dakota, are in the midst of rapid oil sector growth. Meanwhile, oil output in Alaska – traditionally a producing state – is declining. And who owns the land could be a factor in that disparity. US oil production has grown rapidly over the past… Keep reading →
Almost forty years ago, President Nixon exhorted the country: “By the year 1980, the United States will not be dependent on any other country for the energy we need to provide our jobs, to heat our homes, and to keep our transportation moving.” Today, more than 30 years later, the United States may actually be… Keep reading →
