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.
The Environmental Protection Agency hasn’t won a major legal victory backing its regulatory authority under the Clean Water Act since 1985, significant given the challenges its Waters of the U.S., or WOTUS, rule is likely to face, E&E reports.
Oil prices increased for a third straight day on the back of an upward revision in the U.S. gross domestic product figures and a hike in gasoline demand. West Texas Intermediate crude for October delivery gained 71 cents Thursday to $94.59 a barrel on the Nymex, while in London Brent crude was up 17 cents to $102.89, Bloomberg reports.
Increasing U.S. oil production fuelled by the shale boom has helped to keep a lid on oil prices despite global crises that in past years would have triggered supply disruptions and price spikes, according to an Energy Information Administration analysis, National Journal reports.
Renewable energy will account for a quarter of the world’s power generation by 2020, the International Energy Agency predicted in a report released Thursday, which added that $1.6 trillion will be invested in the sector up to that point, according to The Hill.
Environmental groups including the Southeast Alaska Conservation Council have filed at least three lawsuits against the U.S. Forest Service, looking to stop the sale of timber from the Tongass National Forest in Alaska, the Los Angeles Times reports.
The California legislature has been approving measures to encourage hybrid and electric cars, looking to back the California Air Resources Board’s goal of getting 1.5 million zero emission vehicles on the road over the next decade, the Los Angeles Times reports.
Improved road conditions and traffic reports could save 420 million barrels of oil – or 70 million metric tons of carbon – over ten years – one of a number of savings that could be made through better connected vehicles, according to the Intelligent Transportation Society of America, The Hill reports.
An executive at the massive state-owned conglomerate China Resources Power Holdings Co. -– Wang Jujun -– is being investigated as part of a major corruption probe, and has been suspended from his duties as company president, The Wall Street Journal reports.