Just as gas export-terminals are preparing to start up along America’s Gulf Coast, the oil-price crash has made it unprofitable to send the U.S. fuel abroad, according to the North America head of power and natural gas supplier Engie.
Source: Engie Says Nobody Is Making Money off U.S. Natural Gas Exports – Bloomberg Business
Chain saws and staple guns echo across a $40 million residential complex under construction in Williston, North Dakota, a few miles from almost-empty camps once filled with oil workers.
Source: Oil bust spurs real estate crisis across US shale towns
The substantial Utica Shale oil and gas production projections are not holding up to production data – resulting in a shrinking utica shale play.
Many people are aware that oil, gas and coal companies lease public lands from the federal government. What most taxpayers don’t realize is that the richest, most powerful corporations in the fossil fuel industry are paying next to nothing for the privilege of ripping our collective resources out of the ground and selling them to us at exorbitant prices.
The U.S. Environmental Protection Agency today released new air standards, tightening restrictions on the pollution oil refineries can emit, reducing the health risks millions of Americans face from breathing toxic air.
Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is weighing a sale of its U.S. shale gas investments, people with knowledge of the matter said.
Source: Billionaire said to be considering sale of U.S. shale gas holdings – Fuel Fix
Replacing coal with fracked-gas fired power plants is not a climate solution; it’s a desperate attempt for the fossil fuel industry to extend its deadly stranglehold on our energy system. Faced with overwhelming science that proves continuing to burn fossil fuels will cause catastrophic climate change, the industry’s new strategy to avoid extinction is to greenwash dirty fossil fuels.
The debt that fueled the U.S. shale boom now threatens to be its undoing.
Source: The Shale Industry Could Be Swallowed By Its Own Debt – Bloomberg Business
Author and finance guru Jeff Rubin “The Carbon Bubble: What Happens To Us When It Bursts”. Science journalist Emma Marris on re-crafting the wild.
Consumer Watchdog says by keeping supplies artificially low, refiners keep prices high and are making a killing.
Proponents of the Trans-Pacific Partnership (TPP) have called the deal “the most progressive trade bill in history.” But given the history of U.S. trade deals, that bar is set exceedingly low. Our past trade deals have led to the offshoring ofhundreds of thousands of American jobs, have allowed corporations to challenge policies designed to protect our air and water in private trade courts, and have degraded our environment. If you dig in even a little bit to what we know about the TPP and the history of past trade deals, it’s clear: the TPP would harm our air, water, and climate.
Here’s why.
Anthony “Tony” Podesta began lobbying in late 2013 on behalf of a company co-owned by ExxonMobil and Qatar Petroleum aiming to export liquefied natural gas (LNG) to the global market. Tony is the brother of John Podesta, former top climate change adviser to President Barack Obama and current top campaign aide for Hillary Clinton’s 2016 bid for president.
In October 2012, Podesta Group began lobbying on behalf of the proposed ExxonMobil-Qatar Petroleum Golden Pass LNG facility in Sabine Pass, Texas, according to lobbying disclosure forms. The forms indicate that Tony Podesta himself, not just his staff, lobbied on behalf of the terminal beginning in quarter four of 2013.
Has Well Productivity Peaked in the Nation’s Largest Shale Gas Play?
The Marcellus shale gas play of Pennsylvania and West Virginia came onto the scene in 2007 in a big way and has grown to become the nation’s largest. It has accounted for much of the growth of U.S. shale gas production, and made up for declines in former shale gas giants like the Haynesville and Barnett plays of Louisiana and eastern Texas. Companies have scrambled to build pipeline infrastructure to connect the Marcellus to consumers in the U.S. northeast. Canadians, once supplied by gas from western Canada, are also looking to the Marcellus (and the much smaller Utica play in Ohio) for future supply; the pipelines that delivered gas to the east might be converted to instead deliver bitumen from the western tar sands. Companies in both the northeastern U.S. and eastern Canada are looking to build LNG terminals to export the shale gas bounty, and the first LNG export terminal on the Gulf coast will open later this year.
