All Posts Tagged With: "shale gas"
Low Natural Gas Prices Hammer Renewable Energy Sector
The present glut of natural gas has seen prices free fall from its high of $20 per million British thermal units in 2003, to the current lows of under $3. The low prices will continue to pose a threat to the future growth of wind and solar energy until at least 2030 according to the International Renewable Energy Energy Agency, a United Nation’s agency.
10Jul2012 | admin | 0 comments | Continued
DOE Testing for Links Between Faults and Groundwater Pollution
A fault from the Marcellus Shale formation in Pennsylvania, which is thousands of feet below the surface, could provide “a quick pathway for fracking fluids to migrate upwards,” said Richard Hammack, a spokesman for the DOE’s National Energy Technology Laboratory.
12Jun2012 | admin | 2 comments | Continued
Survey: Expanded Drilling Fuels Higher Wages
for Oil and Gas Workers
On average, energy professionals reported a three percent increase in average compensation to $99,175 in 2011 from $96,588 the previous year. Those working on a rotational schedule earned more than $112,000 last year, a six percent increase from 2010.
18Apr2012 | admin | 2 comments | Continued
Shale Gas = $Billions in U.S. Savings
Natural gas prices that slumped to a 10-year low this month could save U.S. consumers $16.5 billion on home energy bills over the course of a year, according to a senior economist at the Federal Reserve. Projected over several years, the savings could exceed any proposed tax cut.
5Feb2012 | admin | 2 comments | Continued
Energy Plays Key Role in State of the Union
For the third year in a row energy played a central role in President Obama’s State of the Union address, with the president leaning hard this year on the twin themes of increased domestic oil and gas production and the need to invest more in renewable sources.
25Jan2012 | admin | 0 comments | Continued
Opportunities and Challenges for U.S. Shale Gas Development — A Special Report From the Bipartisan Policy Center
The in depth study articulates opportunities associated with newly accessible and economically recoverable domestic shale gas resources, and highlights the critical need to develop those resources efficiently and responsibly.
23Jan2012 | admin | 1 comment | Continued
Group Says Study Needed on Shale Gas Health Effects
Advances in hydraulic fracturing drilling techniques have revolutionized the natural gas industry, but researchers said more must be done to evaluate what the shale boom means for the those living near wells.
10Jan2012 | admin | 0 comments | Continued
Natural Gas Projected to Power Job Growth, U.S. Economy
A nationwide boom in production is set to fuel nearly 900,000 jobs and add roughly $1,000 to annual household budgets by 2015, according to a new industry study from Englewood-based IHS Global Insight. But concerns about environmental impacts of hydraulic fracturing could temper the growth.
7Dec2011 | admin | 0 comments | Continued
Shale Gas Bets Dominate Mergers & Acquisitions
Oil and gas deals got bigger and were dominated by foreign buyers placing bets on U.S. shale plays, according to a report on U.S. energy mergers and acquisitions released Wednesday by PwC’s energy consulting practice.
28Oct2011 | admin | 0 comments | Continued
Industry Pushes Back on Shale Gas Recommendations
The American Petroleum Institute is filing 10 pages of comments that take issue with several of the group’s recommendations, which was tapped by Energy Secretary Chu to study ways to boost the safety and environmental performance of U.S. natural gas production.
18Aug2011 | admin | 0 comments | ContinuedBehind Veneer, Doubt on Future of Natural Gas
One senior Energy Information Administration official describes an “irrational exuberance” around shale gas. An internal EIA document says companies have exaggerated “the appearance of shale gas well profitability,” are highlighting the performance of only their best wells and may be using overly optimistic models. From the NY Times
27Jun2011 | admin | 2 comments | Continued
Feds Plan Broad-Based Panel to Examine
Fracking Risks
The subcommittee will work to identify, within 90 days, any immediate steps that can be taken to improve the safety and environmental performance of fracking, and to develop, within six months, recommendations on practices for shale extraction to ensure the protection of public health and the environment.
4Apr2011 | admin | 0 comments | Continued
Oil/Gas Industry: Trust us! We care, we really do. The rest of the us: No! 
Thanks for the info Fred! 
I think its a 10% mandate not 5%. 
To see this exciting change as "scary" seems incredibly short-sited to me. Between the increasing power demands caused by ...
Thanks for highlighting all the great work the Northern Colorado Chapter of CRES is doing. One small but important correction--the ...