On June 26, 2012 the US Department of the Interior extended the comment period on its proposed rules of hydraulic fracturing on federal lands for sixty days to September 10, 2012 at the request of the Governor of Wyoming and others who said they needed more time to study the implications of the proposed rules. Read more about Death by a Thousand Fracking Rules: An Update[…]
Bloomberg reported rumors that McGraw-Hill had out bid it and others at 1.1 billion pounds ($1.7 billion) for energy consultant and advisory service provider Wood Mackenzie. Wood Mac is being flipped by Charterhouse Capital Partners which acquired it in 2009 for 520 million pounds in a fire sale. Other suitors in the auction according to Read more about WoodMac Attack[…]
In Medieval times one form of dispatching miscreants was called “pressing”. The punishment involved piling stones on top of the offender one at a time slowly suffocating him from the weight on his chest. Not only did this rid the kingdom of troublemakers but it had a ”crucify him” like effect on the gathered witnesses Read more about Death by a Thousand Fracking Rules[…]
The success of unconventional oil and gas production from shale formation is reshaping the US energy industry and may yet prove to be a major factor pulling US GDP growth up off the floor. Comparing the relative performance of the conventional and unconventional oil and gas sectors of the industry is a study in contrasts. Read more about Energy Economic Realities: Spare Productive Capacity, Lower Gasoline Prices and Jobs[…]
In both the EU and the US carbon policy correctness has run its course having been discredited by scandal, the persistence of scientific method, and public pressure to recognize market realities. The proponents of carbon policy changes are caught between panic and despair. They came so close to implementing their policy regimes, and cannot now Read more about The ‘Death Rattle’ of Carbon Policy[…]
The drama that produced the deal to raise the national debt ceiling without increasing taxes is sending warning shots across the bow for many industries. The message for energy subsidies including the tax credits and treasury tax grants for wind and solar as well as tax credits for oil and gas companies could not be Read more about Debt Deal Warnings for Energy Subsidies[…]
Do you remember the fears of European countries that they were becoming too dependent upon imported natural gas from Russia? Those fears would spike every time there was a dispute that saw Russia shut off the gas to the non-paying miscreant. Imported natural gas from Libya helped to mitigate some fears until the recent turmoil Read more about Unconventional Choice for EU Energy Security[…]
Never Let a Good Revolution Go to Waste! The revolutionary fervor sweeping the Middle East is both exciting and scary at the same time. There is hope for change that will bring more freedom and opportunity to people long oppressed. But there is fear that the lack of a tradition of democracy, rule of law Read more about Sustainable Revolution for All[…]
The US oil and gas rig counts going into 2011 are a clear signpost that the growth of unconventional oil and gas exploration and development here at home are the foundation for a rational national energy policy that is market driven. The question is whether the market can demonstrate it is working before the government Read more about Signposts of Rational National Energy Policy[…]
Turning around America’s economy requires reloading America’s domestic energy productive capacity to fuel job growth. North Dakota is leading the way in unconventional oil and gas production. The North Dakota Department of mineral Resources released its monthly oil production report for July setting a new monthly production record of 321,042 barrels of oil per day. Read more about Oil Gusher in North Dakota[…]