Chesapeake Energy announced it has cut about 15 percent of its workforce, or 740 jobs, as depressed oil and gas prices force deeper cost cutting. [CNBC] With Morgan Stanley and Goldman Sachs has just gone soft on energy following a recent $20 per barrel of oil prediction, some analysts are predicting prospective investments while prices… Keep reading →
CLEVELAND, Ohio – As part of the Administration’s effort to cut energy waste in the nation’s buildings, the Energy Department is recognizing its Cleveland area partners for their leadership in saving energy and reducing greenhouse gas emissions today. Through the Better Buildings Challenge, Cleveland area partners including the city of Cleveland, the Cleveland Clinic Foundation,… Keep reading →
What does the term “fracking” mean to you? Chances are there are numerous answers to that question because the term has vaulted into US vernacular and political debates virtually overnight, along with the astonishing domestic oil and gas production increases to which hydraulic fracturing is directly related. Fracking is a fairly complex hydrocarbon well-completion technology… Keep reading →
Pennsylvania Natural Gas Development Leading to Reverse Brain Drain Times Online (Pennsylvania): Matt Curry moved to Texas for work but kept his treasured Steelers season tickets in the hope he might return someday to western Pennsylvania. After graduating from Penn State with a degree in petroleum engineering, Curry didn’t have much of a choice but… Keep reading →
Energy efficiency is a proven value. In Ohio alone, energy efficiency programs have saved people a total of $1 billion since 2009. What’s more is that these savings far outweigh the costs to implement Ohio’s energy efficiency programs, which amount to less than half of the total savings. Yet Ohio utilities, particularly FirstEnergy, and large industrial companies want… Keep reading →
The story of the impact of oil and natural gas production story in Ohio is old – and new. Old in the sense the state was one of the country’s earliest producers of oil and natural gas. But also new, because development of the Utica Shale play in the past few years is responsible for… Keep reading →
Recently, the White House took a crucial stride to tackle methane pollution and natural gas waste. A key aspect of the strategy tasks the U.S. Environmental Protection Agency (EPA) with enacting policy to reduce emissions from the oil and gas industry. Yesterday, EPA formally initiated its process, issuing five white papers focused on the biggest opportunities to cut the industry’s… Keep reading →
You see something once, and it might just be an anomaly. See it twice, maybe coincidence. But when you see it a third time – that’s a pattern. A trend. With Ohio’s move last week to control “fugitive” emissions from oil and gas operations, that’s what we’re seeing – a rapid trend from leading states to control… Keep reading →
European governments and businesses are discussing the next round of carbon emissions targets once existing greenhouse gas reduction goals expire in 2020. The Institutional Investors Group on Climate Change says binding targets are needed to make investors confident in putting money into upgrading power generation infrastructure. “Setting out an ambitious 2030 emissions reduction target of… Keep reading →
