Oil price up – highest gain since 2008 NEW YORK- North American markets surged for a second consecutive session Thursday as investors continued to buy up stocks beaten down in a six-day sell-off that started over a week ago amid fears of a major slowdown in China’s economy. In Toronto, the S&P/TSX composite index, up more […]
Oil price up 10 pct: Lifted by resurgent stocks, US economic growth Read More »
Oil and gas industry approval rating goes up as gasoline prices go down Americans’ views of the oil and gas industry continue to improve, with 34 per cent now saying they have a positive view of it. That is up 12 percentage points since 2012, and is one point lower than the 15-year high of 35 per
Gallup: America loving oil and gas industry Read More »
Taylor Energy to make $300K donation to Louisiana marine research NEW ORLEANS – Environmental groups and a New Orleans energy company have reached a settlement agreement in a lawsuit stemming from the company’s failed efforts to stop a decade-old, slow-motion oil spill in the Gulf of Mexico. A federal court filing Thursday stated that an agreement
Taylor Energy reaches settlement in 2004 Gulf of Mexico spill Read More »
Lindsey Graham says carbon capture works, has multiple uses ESTEVAN, Canada – U.S. presidential candidate Lindsey Graham is praising carbon capture and storage technology in Saskatchewan and says it’s time to pursue similar projects in his own country. The Republican senator for South Carolina was part of a delegation of U.S. lawmakers who toured SaskPower’s Boundary
U.S. lawmakers tour Canadian carbon capture, storage project Read More »
BC Oil and Gas Commission enforcing mitigation plan, such as reduced fracking pressures A natural gas producer in northeastern British Columbia that halted work after a 4.6-magnitude earthquake last week says its fracking operation maybe not be the cause of the seismic activity. Progress Energy, which is owned by Malaysia’s Petronas and has been linked to the largest
NE BC 4.6 earthquake link to fracking not yet confirmed Read More »
Expiration of cash payment option for tax credit severe blow to small wind turbines build out The domestic market for distributed wind turbines has weakened since the record capacity additions in 2012. Last year’s installations of mid-size and small wind turbines were the lowest in a decade. Relatively low electricity prices, competition from other distributed energy
Last gasp of American market for small wind turbines? Read More »
Decline of WTI prices below $40/b will weaken Texas economy in coming months The plunge in global oil prices is affecting the Texas economy, according to Comerica Bank’s Texas Economic Activity Index, but the state has held up well considering the pressure on the energy sector. Comerica Bank’s Texas Economic Activity Index eased in June, decreasing
Texas economy activity index down slightly in June Read More »
Houston in Top 10 of worst traffic jams in America More jobs and cheaper gasoline come with a big, honking downside: U.S. traffic jams are back now that the recession is in the rearview mirror. Commuters in Washington, D.C., suffer the most, losing an average of 82 hours a year to rush-hour slowdowns, a new study
US traffic jams rebound to an all time high, thanks in part to better economy Read More »
Solyndra officials called ‘reckless’, ‘irresponsible’ WASHINGTON – A four-year investigation has concluded that officials of the solar company Solyndra misrepresented facts and omitted key information in their efforts to get a $535 million loan guarantee from the federal government. The company’s collapse soon after getting federal backing provided ammunition to lawmakers and other critics who portrayed it
IG: Solyndra officials misrepresented facts to get federal loan guarantee Read More »
Low oil prices may mean oilsands crude stays in the ground for years CALGARY – Another wave of ugly news is looming for oil producers already battered by weak oil prices. Every year, companies hire outside evaluators to tally up their reserves, a calculation of how much resource in the ground can be recovered technically and economically. With U.S.
With oil prices below U$40 a barrel, reserve writedowns likely in store Read More »
