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Texas Leads Nation In New Oil & Natural Gas Jobs

November 5, 2014 1:51 pm | News | Comments

In the past decade, growth of jobs in oil and natural gas extraction, drilling, and support activities has outpaced the national average of private sector job gains. Additionally, average wages of oil and natural gas production jobs were $108,000 in 2013.

OPEC Shaken By Saudi Slashing Of Oil Prices

November 5, 2014 1:37 pm | by George Jahn, AP | News | Comments

The Saudis' move to cut prices to the U.S. - aimed at protecting their market share there - will exacerbate OPEC conflicts. Despite OPEC's credo of consensus and unity, the organization is de-facto controlled by its top producer. The prime motivator for the Saudis is to compete against U.S. shale oil.

Israel Supporting Offshore Oil And Gas Rights For Cyprus

November 5, 2014 1:22 pm | by Menelaos Hadjicostis, AP | News | Comments

Turkey doesn't recognize ethnically divided Cyprus as a sovereign state and strongly opposes its gas search, arguing that it ignores the rights of breakaway Turkish Cypriots to any mineral-generated wealth. Cyprus was split in 1974 when Turkey invaded after a coup.

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Freighter Freed After Running Aground Near Detroit

November 4, 2014 10:41 am | by The Associated Press | News | Comments

A freighter carrying coal has been freed after running aground in the Detroit River.                            

California Counties Take Fracking To The Booth

November 2, 2014 8:31 pm | by Ellen Knickmeyer, AP | News | Comments

Chevron, ExxonMobil and other oil companies have donated about $7 million to try to defeat the fracking bans. These measures would ban not only fracking but one of the most commonly used drilling methods in the state - steam injection. None of the three counties currently are known to host onshore fracking, which has led some to argue that the vote is no more necessary than banning ice-fishing.

Feds Release Arctic Drilling Review

November 2, 2014 8:25 pm | by DAN JOLING, Associated Press | News | Comments

The agency acknowledges that there is a 75 percent chance that one or more large oil spills of 42,000 gallons or more could occur if leases are developed. A supplemental review assumes an extraction of 4.3 billion barrels over the life of the leases.

Oil Company Lawsuit Bill Deemed Unconstitutional

November 2, 2014 8:20 pm | by Kevin McGill, AP | News | Comments

Judge Janice Clark's decision came a day after two of the smaller players in the suit agreed to a settlement with the New Orleans-area board, which entailed a $50,000 payment for the two Texas companies.                                      

China's Economic Slowdown Hurts Globally, But Not U.S.

November 2, 2014 8:00 pm | by Christopher S. Rugaber, AP | News | Comments

The United States has been recovering steadily as China's economy has weakened. China was growing at a double-digit pace in 2010, when the U.S. was still struggling to escape the recession. Now, the U.S. economy has expanded at a four percent annual pace over the past six months.

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North Dakota Tribe To Drill Its Own Wells

November 2, 2014 7:52 pm | by Josh Wood, AP | News | Comments

While the 1,300-plus wells currently on the Fort Berthold Indian Reservation produce roughly a third of North Dakota's daily output, the tribe only receives a fraction of money generated through royalties and a tax-sharing agreement with the state. That's why the four new wells will be important, say tribal councilmen.

Crude Exports Continue To Rise

October 31, 2014 1:15 pm | News | Comments

The United States exported its highest level of crude oil in 57 years, and since April, crude exports have included modest amounts of Canadian-produced barrels that were moved through the United States and then re-exported to Switzerland, Spain, Italy and Singapore.

Columbia Coal Mine Collapses - Trapping Miners

October 31, 2014 12:55 pm | News | Comments

A specialized mine rescue team, as well as other searchers, are working at the scene. Antioquia Gov. Sergio Fajardo says it is likely to take three days to reach the men in a "very complicated" rescue operation.             

Consumer Index Reaches 7-Year High

October 31, 2014 12:51 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The solid increase suggests consumers largely dismissed concerns about slowing global growth and have ignored the sharp swings in financial markets earlier this month. Instead, greater hiring and lower gas prices are boosting their outlook.

Gas Falls To Nationwide Average Of Under $3

October 31, 2014 12:44 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

The national average price of gasoline has fallen 33 cents in October, landing at $3.00, according to AAA. The average will fall under $3 by early Saturday morning for the first time in four years. When the national average crossed above $3 a gallon in December of 2010, drivers weren't sure they'd ever see $2.99 again.

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Exxon's Earnings Rise On Refining, Chemical Business

October 31, 2014 12:34 pm | by Jonathan Fahey,AP Energy Writer | News | Comments

Exxon's oil and gas production fell 4.7 percent compared with the same period a year ago, driven mostly by lower natural gas production and the expiration earlier this year of Exxon's rights to production at a field in Abu Dhabi.        

Colder Weather Drives Forecast Of 2014 Energy-Related CO2 Emissions

October 30, 2014 11:07 am | by Today In Energy | News | Comments

In the long term, energy-related carbon dioxide (CO2) emissions are driven by economic and efficiency trends and changes in the fuel mix. But weather fluctuations are a very significant factor affecting year-to-year variation in fossil fuel consumption and their resulting emissions.

Ukraine-Russia Gas Talks Deadlocked

October 30, 2014 10:51 am | by Raf Casert, Associated Press | News | Comments

Talks to guarantee that Russian gas imports flow into Ukraine throughout the winter appeared to be at an impasse Thursday because of doubts over payments from Kiev.               

Costs Rise Another $496M At Kemper Plant

October 29, 2014 11:05 am | by Jeff Amy, Associated Press | News | Comments

Southern Co. says it will cost at least another $496 million to finish the power plant it's building in eastern Mississippi's Kemper County, pushing the total cost above $6.1 billion.            

Electric-Car Drivers Trading Gas For Solar Power

October 28, 2014 10:57 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Owners of electric vehicles have already gone gas-free. Now, a growing number of drivers in the U.S. are powering their cars with sunlight.                   

Weather-Driven Energy Intensity Increase Led To Higher Emissions In 2013

October 23, 2014 11:17 am | by U.S. Energy Information Administration | News | Comments

U.S. energy-related carbon dioxide (CO2) emissions increased in 2013 by 129 million metric tons (2.5%), the largest increase since 2010 and the fourth-largest increase since 1990.                                           

New Policymaking Tool For Shift Toward Renewable Energy

October 23, 2014 11:01 am | by University of Copenhagen | News | Comments

Multiple pathways exist to a low greenhouse gas future, all involving increased efficiency and a dramatic shift in energy supply away from fossil fuels. A new tool 'SWITCH' enables policymakers and planners to assess the economic and environmental implications of different energy scenarios. 

Turning Whiskey Waste Into Fuel?

October 23, 2014 10:57 am | by American Chemical Society | News | Comments

A start-up company in Scotland is working to capitalize on the tons of waste produced by one of the country's most valued industries and turn the dregs of whisky-making into fuel.                                       

$100M Power Plan Planned For Michigan

October 23, 2014 10:33 am | by Associated Press | News | Comments

Wolverine Power Cooperative plans to build a more than $100 million natural gas-fueled power plant in Michigan's northern Lower Peninsula.                                                         

Cost-Saving Way To Detect Natural Gas Leaks

October 22, 2014 10:31 am | by American Chemical Society | News | Comments

Scientists say they have developed a new software-based method that finds leaks even when they're small, which could help prevent serious incidents — and save money for customers and industry.                                              

Building A Better Biofuel

October 21, 2014 10:38 am | by Kansas State University | News | Comments

A Kansas State University biochemist is improving biofuels with a promising crop: Camelina sativa. The research may help boost rural economies and provide farmers with a value-added product.                                   

New Environmental Rules Will Raise Electricity Costs

October 20, 2014 11:07 am | by Associated Press | News | Comments

The cost of electricity would increase substantially and service reliability could be significantly affected under proposed federal environmental rules, the staff of the Virginia State Corporation Commission said in comments filed this week with the U.S. Environmental Protection Agency this week.

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