Archive for April, 2017
US crude stocks fall but gasoline and distillate inventories increase
US crude stocks down 3.6 million barrels US crude stocks fell and inventories of gasoline and distillates rose last week after refineries boosted production rates to the highest since November, 2015, according to the Energy Information Administration. The EIA reports crude inventories fell by 3.6 million barrels in the week ending April 21. Analysts had predicted […]
Can there be a coal comeback?
Indian coal demand likely to grow in years ahead, but won’t make up for slow-down in China Trevor Houser, Jason Bordoff and Peter Marsters from the Center On Global Energy Policy offer an empirical diagnosis of the causes of the US coal industry collapse over the last six years, which has been characterized by bankruptcy […]
Christy Clark ready to declare trade war with Trump over coal, lumber
Liberal candidate says BC could impose “environmental levy” against US thermal coal Premier Christy Clark has asked the Canadian government to bar shipments of American thermal coal through British Columbia ports in retaliation for a 20 per cent duty imposed upon Canadian softwood lumber exports yesterday by President Donald Trump. And if Prime Minister Justin […]
Important context on new duke spills study
No industry is 100% risk free, but steps taken to prevent environmental or public harm has increased by Nicole Jacobs, EnergyInDepth Today, Duke University published a study analyzing oil- and gas-related spill rates in four states, identifying 6,648 spills reported across Colorado, New Mexico, North Dakota and Pennsylvania from 2005 to 2014. But, much like […]
Hogan signs fracking ban, silences Western Maryland voices
Governor Cuomo banned fracking in New York, yet to provide sustainable solution for job loss, taxes, and other revenue Nicole Jacobs, EnergyInDepth As expected, Maryland Gov. Larry Hogan signed a bill Tuesday that officially bans fracking in Maryland. This development became an inevitable after Hogan’s March 17 announcement that he would support such a measure […]
Activist group steps on a rake with endangered river report
River report uses scare tactics pushing misinformation about threats that don’t actually exist by Nicole Jacobs, EnergyInDepth American Rivers has just released its annual list of the top-10 “most endangered” U.S. rivers, which is based on decisions the group feels could impact the rivers and communities around them. Virginia’s Rappahannock River happens to come in […]
Canadian scientists’ develop revolutionary oil spill device
Tests show the technology can clean up nearly 100% of a spill Oil spills are one of the most dreaded, detrimental events on the planet: BP estimated the clean-up costs of 2010’s Deepwater Horizon spill to be $62bn in 2016 – and researchers have found Americans would pay $17.2bn to prevent the same thing ever happening […]
Hess Corp reports smaller-than-expected Q1 loss
Hess Corp CEO: “We are poised to benefit from an increase in oil prices” Hess Corp reported a smaller-than-expected Q1 loss on Wednesday thanks to rising crude prices and cost cutting that helped the New York based energy company offset a drop in production. According to Hess, the company’s after-tax cash flow is increased by […]
Permian Basin oil production, resource assessments continue to increase
Permian Basin covers over 75,000 square miles in 43 counties of western Texas and southeastern New Mexico Crude oil production in the Permian Basin is expected to increase to an estimated 2.4 million b/d in May, based on estimates from EIA’s Drilling Productivity Report, according to the US Energy Information Administration. Between Jan. 2016 and March 2017, […]
Oil prices boosted on US crude stock data
Oil prices rise after EIA reports crude stocks down 3.6 million barrels Oil prices rose in trading after data released by the US Energy Department showed a larger-than-expected drop in US crude inventories. According to the US Energy Information Administration, crude stocks fell by 3.6 million barrels last week, doubling analysts’ expectations and helped boost […]
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