A draft State Department report concludes that building the Keystone XL pipeline would not speed up development of Canada's oil sands, dealing a blow to environmentalists who claim Keystone would worsen climate change.
From Australia and China to South Africa and Eastern Europe, the global economy is being transformed by the extraction of huge amounts of natural gas from shale rock. The United States has played a major part in this revolution; new "plays," as fields of shale gas are known, are now producing in Texas, Louisiana, Illinois, Arkansas, Colorado, West Virginia, and other states. In the last three years, more than 3,000 gas wells have been drilled in western Pennsylvania's share of the huge Marcellus shale formation. With more and more producers in the business, the price of natural gas has dropped steadily, and the U.S. has become the world's leading producer of natural gas. A new age of clean, cheap shale-gas energy is about to begin - except, perhaps, in New York State, where influential environmental groups seem to be winning their struggle against shale.
A report on natural gas exploration in Texas predicts a decades-long boom in U.S. production. "The most exhaustive study to date of a key natural gas field in Texas, combined with related research under way elsewhere, shows that U.S. shale-rock formations will provide a growing source of moderately priced natural gas through 2040," the Wall Street Journal reported.
Colorado's Gov. John Hickenlooper is defending fracking once again, but this time he's ready to go to court. In a recent interview with CBS4, Hickenlooper told Shaun Boyd in no uncertain terms that the state will sue any city that bans hydraulic fracturing within their borders
Wellsville businessman, Charles Joyce, said he felt the need to respond to comments some residents made in January about hydraulic fracturing (fracking) and the possible impact on Allegany County.
Attendees at the most recent Empire Energy Forum heard about what's happening with natural gas in Pennsylvania directly from one of those individuals most effected and it was nothing like the horror stories painted by anti-natural gas special interests determined to halt the economic revival of the Southern Tier before it even gets off the ground.
Governor Cuomo's office is expected to make a decision on hydrofracking in New York within weeks. Today, local leaders sat down for a look at the potential pros and cons of deep shale drilling. The State Petroleum Council hosted a forum on the local experience of natural gas development in Pennsylvania and how it could affect the empire state.
Fracking is short for "hydraulic fracturing," and the catch-all term used to describe the process of extracting oil and natural gas from shale rock formations deep underground. The process goes roughly like this: A company drills down more than a mile deep into the shale rock formations. Then comes what is known as "horizontal drilling" - effectively, the drilling turns 90 degrees, so that the well is exposed to more rock than it would be otherwise.
More than half the Senate on Wednesday urged quick approval of the Keystone XL oil pipeline, ramping up pressure on President Barack Obama to move ahead with the project just days after he promised in his inaugural address to respond vigorously to the threat of climate change.
Ten GOP governors and the premier of Saskatchewan are putting fresh pressure on President Obama to greenlight the proposed Keystone XL pipeline, which would bring Canadian oil sands to Gulf Coast refineries. Premier Brad Wall and the governors, in a letter to Obama Thursday, call the project "fundamentally important" to the future economic prosperity of the United States and Canada.