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Tag: shale
Write-down of two-thirds US shale oil explodes fracking myth
2014-05-22 13:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Next month, the US Energy Information Administration (EIA) will publish a new estimate of US shale deposits set to deal a death-blow to industry hype about a new golden era of US energy independence by fracking unconventional oil and gas. EIA officials told the Los Angeles Times that previous estimates of recoverable oil in the Monterey shale reserves in California of about 15.4 billion barrels were vastly overstated. The revised estimate, they said, will slash this amount by 96% to a puny 600...
Mixed reactions after U.S. drastically cuts Monterey Shale outlook
2014-05-22 07:26:00| Climate Ark Climate Change & Global Warming Newsfeed
LA Times: Kim Owens, daughter of an oil rig supervisor who once worked on a fracking crew, now pours drinks for oil workers every day as a bartender at the Foxy Lady in this tiny town 18 miles northwest of Bakersfield. To Owens and many others in Kern County, petroleum is the economic lifeline that provides jobs, fills the hotels and keeps the restaurants open. That's why she was bristling Wednesday at new federal findings that dramatically slashed the estimated amount of oil able to be pulled out of...
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Study finds mixed financial effects of shale gas for local communities
2014-05-22 01:00:00| Hydrocarbons Technology
A study by Duke University researchers has found that oil and gas development from shale fields does not always help the public finances of communities.
Tags: local
study
financial
effects
US Vice President Discusses Romanian Shale Gas, Defense Budget
2014-05-21 22:23:36| Oil & Gas - Topix.net
US Vice President Joe Biden and Romania`s President Traian Basescu shake hands at the end of their official meeting, at the Cotroceni Palace, in Bucharest, Romania, 21 May 2014.
Tags: president
gas
budget
vice
Cuadrilla to submit plans for UK shale gas exploration well
2014-05-21 01:00:00| Hydrocarbons Technology
Cuadrilla Resources will submit a planning application to Lancashire County Council in northern England to drill, hydraulically fracture and test the flow of natural gas at four exploration wells at its Preston New Road site.
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