You know, because of the broad benefits of the U.S. energy revolution – including higher domestic production, more energy security, lower costs for consumers and manufacturers – energy as an issue hasn’t been the kind of election-year focal point it might be if the country instead was staring at energy scarcity, higher costs and growing… Keep reading →
America’s status as the world’s leading producer of oil and natural gas is delivering major benefits to U.S. families and businesses. Production increases have ensured a stable supply of affordable, reliable energy, helping drive down prices for gasoline, electricity and home heating. Carbon emissions have also dropped – to near 20-year lows – thanks to… Keep reading →
Advances in oil and gas production technology, such as horizontal drilling and hydraulic fracturing, have dramatically increased the production of oil and gas in the United States by unlocking shale gas and other resources that were previously difficult and expensive to recover.
Chesapeake Energy, the second-largest natural gas producer in the United States, plunged as much as 50 percent on Monday after multiple reports that it had hired restructuring attorneys. [CNBC] David Cameron is making an enormous “legacy mistake” by going all-out for fracking in the UK, the actor and environmental activist Mark Ruffalo has warned. [The… Keep reading →
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 →
A force majeure clause in New York oil and gas leases does not modify the primary term of the habendum clause and the leases are not extended because of the state ban “moratorium” on hydraulic fracturing.
When New York officially banned hydraulic fracturing in late June 2015, many assumed the long-heated political debate was over and there would be no fracing in New York unless the courts overturned the ban.
As you well know, oil is so cheap you can light it on fire. If we strike a deal with Iran, it’s going to get even cheaper. If prices remain this low, we’ll be able to submerge Florida in no time. That said, God isn’t making any more of this stuff. Or at least it’s… Keep reading →
A new website is drawing attention to the fracking issue in a way that has never been done before. FrackFeed.com was recently launched by North Texans for Natural Gas, a grassroots program of over 110,000 people who support drilling in the Barnett Shale. It’s about educating the public on fracking, as well as exposing how… Keep reading →
On May 18, 2015, Texas Governor Greg Abbott signed House Bill 40 into law, putting restrictions on the ability of municipalities to regulate the oil and gas industry in their jurisdictions.
