September 2015

Bush’s link between lifting oil export ban, lower gas prices questioned by economists

If elected, Jeb Bush would eliminate oil export ban DES MOINES, Iowa – The link between ending a 40-year oil export ban and lower prices at the gas pump is not as direct as Republican presidential candidate Jeb Bush would have voters believe in his new energy proposal, industry economists said Tuesday. Still, Bush’s overall premise that […]

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Jordan Cove LNG terminal in Oregon gets OK from feds

News

Jordan Cove LNG terminal will ship natural gas to Asia GRANTS PASS, Ore. – Federal regulators granted final environmental approval Wednesday for building a pipeline and port facilities for shipping Rocky Mountain natural gas to Asia via the Oregon coast. The final environmental impact statement prepared for the Federal Energy Regulatory Commission found that building and operating the

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Torchlight Energy announces the closing of $3.7 million preferred stock

Energy Financial

Proceeds will be used to accelerate continued development of Torchlight Energy assets, additional liquidity for operations. PLANO, TX– Torchlight Energy Resources, Inc. (NASDAQ: TRCH) today announced the closing of a private placement for $3.7 million of newly issued convertible preferred stock. Torchlight Energy issued $3.7 million in liquidation preference (face amount) of Series B Convertible Preferred Stock in

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Chemical Activity Barometer cools, signals slowdown of economic activity

News

Leading economic indicator shows marked deceleration from second quarter The Chemical Activity Barometer, a leading economic indicator created by the American Chemistry Council (ACC), dropped 0.4 per cent in Sept., following a revised 0.2 per cent decline in Aug. The chemical industry has been found to consistently lead the U.S. economy’s business cycle given its

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Gas, oil drilling rules blocked while lawsuit from states, groups advances

News

Wyoming judge says BLM doesn’t have authority to impose gas, oil drilling rules CHEYENNE, Wyo. – A judge on Wednesday blocked new nationwide regulations for oil and gas drilling on federal lands from taking effect while a lawsuit moves ahead, pointing to a law that prohibits the U.S. Environmental Protection Agency from regulating hydraulic fracturing. Just because

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BC energy corridor agreement between First Nations, Eagle Spirit Energy

News

Eagle Spirit energy corridor from Alberta to BC tidewater and on to Asian markets endorsed by First Nation chiefs After two years of consultation, elected and Hereditary Chiefs from BC First Nations have signed an historic letter declaring their support for the development of a multibillion dollar Eagle Spirit energy corridor traversing between Alberta and BC tidewater. The

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Partisan battle lines drawn on EPA ozone emissions limits

Uncategorized

EPA ozone emissions limits an Obama campaign promise WASHINGTON – Facing a court-ordered deadline, the Obama administration is preparing to finalize stricter emissions limits on smog-forming pollution linked to asthma and respiratory illness. The move fulfills a long-delayed campaign promise by President Barack Obama, but sets up a fresh confrontation with Republicans already angry about the administration’s

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EPA refinery rule is much improved but remains costly – API

News

American Petroleum Institute says refineries voluntarily reducing emissions for decades under existing regulations The Environmental Protection Agency has made substantial improvements in the final refinery sector rule, but new regulations could still cost up to $1 billion, according to API Downstream Group Director Bob Greco. “EPA analyses, supported by extensive industry monitoring data, show that air

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Shale gas development in China aided by government investment

News

China invested heavily in joint ventures in US shale plays to gain valuable expertise The Chinese government is encouraging shale gas production with government aid, helping to significantly lower well costs, according to the US Energy Information Administration. Although reliance on natural gas imports has increased in the Chinese energy market, future shale gas production in China would help

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Keystone XL developers seeks state review, drops eminent domain claim

News

Keystone XL reapplying through Nebraska Public Service Commission LINCOLN, Neb. – The developer of the Keystone XL pipeline is shifting course in Nebraska and will withdraw lawsuits seeking to gain access to the property of landowners who oppose the project, the company announced Tuesday. TransCanada Inc. said it will abandon its current efforts to invoke eminent domain

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