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Monterey Shale Shakes Up California's Energy Future

2013-05-28 17:51:00| Climate Ark Climate Change & Global Warming Newsfeed

National Geographic: It's easy to tick off the ways in which California is a leader in clean energy: It harvests more solar energy than any other state, has a program to curb greenhouse gas emissions from the vehicles on its famously long highways, and launched its own cap-and-trade system this year. ee accompanying photo gallery: "Pictures: Oil Potential and Animal Habitat in the Monterey Shale.") And yet, a move is afoot for a quite different type of new energy development in the Golden State, beneath the same valley...

Tags: future energy monterey shakes

 

Fracking Economics Revealed as Shale Gas Bubble, Not Silver Bullet

2013-05-23 18:32:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: With several bills pending in the New York legislature related to natural gas development in the state, elected officials were briefed today on research revealing its economic limitations. Hosted by Citizens Campaign for the Environment, Earthworks, Energy Policy Forum, Environmental Advocates of New York, Frack Action and the Post Carbon Institute, the briefing focused on two groundbreaking reports released this spring. In sum, scientific and financial analyses show that the medium- to long-term...

Tags: silver gas economics revealed

 
 

Shale gas investments 'could be worth 4bn a year to UK economy'

2013-05-23 05:25:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Investments in shale gas drilling could yield an industry worth nearly 4bn a year to the UK economy and create more than 70,000 jobs, according to a new report from the Institute of Directors (IoD), becoming a "new North Sea" energy business in the process. That is higher than previous estimates, and includes a wide variety of jobs from those directly employed in the industry, such as geologists and drilling experts, but also cement manufacturers and people working in local retail and service...

Tags: to year uk worth

 

Pioneer Natural Resources begins production at Wolfcamp Shale well in Texas, US

2013-05-23 01:00:00| Hydrocarbons Technology

US-based oil and gas company Pioneer Natural Resources has commenced production at the rate of 1,572 barrels oil equivalent per day (BOEPD) in the Mabee K #1H well at the Wolfcamp Shale in Martin County, Texas, US.

Tags: us resources natural production

 

UK shale gas projections "wildly optimistic", campaigners say

2013-05-22 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Campaigners have decried as "wildly optimistic" a report claiming shale gas is poised to make a big contribution to the growth of the UK economy. A new paper by the Institute of Directors, sponsored by shale gas firm Cuadrilla Resources, says pressing ahead with exploiting shale gas could create a 3.7bn industry supporting 74,000 jobs and generating significant revenues for the Treasury. The IOD also claims domestic shale could reduce the country's emissions if it is used to replace coal power,...

Tags: gas projections optimistic wildly

 

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