As extraction costs decrease and the Energy Department renews focus on research, some scientists say methane hydrates, gas trapped in ice, have strong potential to be a major source of U.S. energy in the future, National Journal reports.
The Alberta Environment Ministry issued a drinking water warning after a storage pond at the Obed Mountain coal mine spilled water contaminated with coal and shale particles into the Athabasca River, Bloomberg reports.
A Reuters survey of energy and financial analysts projected that the cost of Brent crude will average 95 dollars a barrel -- 80 dollars in real terms -- in 2020. That's a drop of 20 dollars since last year's survey, and it's thought due to the shale boom.
COLUMBUS, Ohio (AP) — Ohio Gov. John Kasich's claim that a single energy company could recover $1 trillion worth of oil and gas from the state's shale is an exorbitant overestimate, according to experts interviewed by The Associated Press.
At current oil prices, that figure represents more than four times U.S. oil production last year. Viewed another way, every drop of oil produced in America for the next four years will be worth roughly $800 billion, based on current prices and production rates.
The number of oversize and overweight trucks using county roads and bridges in North Dakota’s oil patch has more than doubled in three years, and while counties are collecting millions of dollars in permit fees, officials say the money isn’t enough or even earmarked for road maintenance, The Associated Press reports.
Less than 8 percent of the crude contracted to flow through the proposed Keystone XL pipeline would come from the U.S, according to another document from TransCanada to the State Department, made public Tuesday, E&E reports.
The crude supply at the Cushing hub dropped 8 percent to 32.1 million barrels at the end of last month, the lowest since Nov. 2011, according to the Energy Information Administration, which says the southern leg of the Keystone XL pipeline is draining it, FuelFix reports.
Union leaders joined the American Petroleum Institute in publicly renewing their demand that the Obama administration approve construction of the northern segment of the Keystone XL pipeline, unleashing a blast of anger at the president in the process, The Hill reports.
The Senate Intelligence Committee has just one hurdle left to overcome before reaching agreement on the language of a cyber security bill, regarding liability protection, Sen. Saxby Chambliss, R-Ga., said at a hearing Tuesday, The Hill reports.
Sen. Mary Landrieu, D-La., facing a tough re-election battle this year, stayed away from her party's round-the-clock climate speeches overnight, but got a blast of criticism from the National Republican Senatorial Committee anyway, National Journal reports.
Key bondholder Fidelity Investments may be dragging its heels, but other players involved in trying to get bankruptcy proceedings underway for Energy Future Holdings Corp. are in agreement, and hoping to move quickly on the plans, Bloomberg Businessweek reports.
Industry and even backers of Interior Secretary Sally Jewell are getting frustrated with the slow pace of the rollout of her department's new master leasing plans, intended to balance the interests of companies seeking to mine the mineral wealth of federal land against those of hunters, anglers and wildlife supporters, E&E reports.
Activist investors, already successful at pushing Chesapeake Energy and other companies to cut their debt, are likely to keep up the pressure, and lobby firms to fight climate change as well, according to Moody's Investors Service, FuelFix reports.
The power could run out on the Energizing Indiana program at the end of the year, as the state's Senate has voted to join the house in approving a measure to shut it down, although Gov. Mike Pence hasn't yet decided if he'll go along, the Indianapolis Star reports.