The U.S. Energy Department needs to explain how it will determine whether to allow more exports of the nation's bountiful supplies of natural gas, Senator Ron Wyden, a top Democrat on the Senate Energy Committee, said on Tuesday.
Across America's widening energy landscape, the economic impacts of unconventional oil and natural gas are increasingly discernible. These effects are visible within the energy value chain and are extending into the broader reaches of the US economy. The focus of this research series is to assess the evolving economic contributions of unconventional oil and natural gas development activity. This study seeks to quantify how unconventional activity creates economic value in the broader economy through an examination of the exploration and production activity.
The U.S. oil and gas rush is cutting into jobless numbers, supporting a total of 1.7 million jobs this year, a number that will swell to almost 3 million by 2020, a leading consultant said in a study released on Tuesday.
U.S. natural gas prices escaped a rout this summer as record heat helped reduce towering inventory levels. This winter, fierce cold will be needed to help absorb the newest barrage of supply that will again test the limits of an over-supplied market.
A long-awaited study released Wednesday says the controversial oil extraction method known as hydraulic fracturing, or fracking, would not harm the environment if used at the Inglewood Oil Field in the Baldwin Hills area.
Let's face it -- the so-called shale drilling revolution is exciting to witness. But since every other month another "next hot new play" seems to surface, it may be easy to overlook the backstory of just what a tremendous economic net the shale phenomenon has cast--not just on industry and producing areas, but virtually everywhere.
The group charged with regulating fracking in North Carolina met Friday, and while it was able to select a chair, picking a vice chair was a little more difficult.
The coming U.S. energy boom, spearheaded by new technologies that have enabled us to recover vast amounts of previously inaccessible oil and natural gas from rock formations, will be important for several reasons, not least the nation's competitive advantage in the global economy.
The new commission that's writing rules to allow natural gas fracking in North Carolina while protecting neighbors and the environment is getting down to work.
TransCanada has proposed to Nebraska officials a new route for the U.S. segment of its Keystone XL pipeline that avoids the Ogallala Aquifer and the Sandhills region in Nebraska. "The identified route, along with our commitment to implement additional safety requirements above and beyond those required for any other pipeline, ensures the protection of Nebraska's resources," said Russ Girling, TransCanada's president and CEO. TransCanada submitted the revised route plan to the Nebraska Department of Environmental Quality.
