fracking - Page 8

In the relative calm of an early morning where North Texas was bracing for a rare snow storm, the Dallas suburb of Irving got a wake-up call, literally, on Friday, February 27, when a small 3.1 magnitude earthquake struck at 6:18 AM, according to the US Geological Survey (USGS). This was the first temblor felt in a month.

We will finally learn, after more than 40 years of not knowing, what the free market supply/demand price of crude truly is. This knowledge will make it harder for secretive governments and corporations to manipulate prices in the future, while strengthening domestic production to weather supply shocks in the future.

Columnist George Will reacted to a clip of Joy Behar attacking “neanderthal thinking on the right” by pointing out that many of her fellow leftists believe pseudoscience about fracking and GMOs on Tuesday’s “Special Report” on the Fox News Channel.

The Environmental Protection Agency (EPA) has taken yet another regulatory action to interfere with oil and gas production – long considered an activity with de minimus impact on air quality. The Agency now sets its sights on methane, which is the primary component of natural gas. Methane emissions from natural gas systems have fallen by 14.3% from 2008-2012. Any leaks from hydraulically fractured natural gas wells have fallen by 73% from 2011-2013. In this same time frame, the U.S. has become the world’s leading producer of natural gas, nearly quadrupling production rates from those in 2008, as well as increasing natural gas pipelines by 30%. In spite of the steep decline of methane emissions and steady economic growth, the White House recently moved forward with the Climate Action Plan, directing the EPA to propose expansive rules by the summer of 2015. The new regulations aim to reduce methane emissions by 40-45% from 2012 levels by 2025 through a series of actions targeting the oil and gas industry.

The Labour Party derailed Britain’s shale gas revolution last night by forcing the government to amend a new law giving fracking the go-ahead to include onerous regulations. Despite delivering lower energy prices in America, where fracking for shale gas has been embraced, Members of

As MPs prepare to vote on a Bill which would pave the way for shale gas extraction, or fracking, to take place in the UK, the MPs who make up the Environmental Audit Committee have been accused of placing green

Iranian President Hassan Rouhani said on Tuesday that nations responsible for the downward spiral of oil prices will suffer.

On Tuesday, the Commerce Department released revised GDP figures that showed third quarter growth at 5%, the strongest third-quarter growth in eleven years.

With fracking and shale oil production putting increasing pressure on OPEC, Saudi Oil Minister Ali al-Naimi issued bold and startling remarks to the Middle East Economic Survey, announcing OPEC is prepared to let oil prices fall to $20 a barrel.

The government’s chief scientific advisor Sir Mark Walport has slammed an article published in the Guardian that drew comparisons between fracking, asbestos and thalidomide as examples of innovations that had unforeseen consequences. In doing so they were attempting to discredit