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Questions surface on the shale-gas boom in Ohio

ohio shale

AKRON, OH – Proponents of shale-gas drilling have said the United States sits on the verge of energy independence amid surging output and what has been described as a 100-year supply of natural gas. Count Texas-based financial consultant Deborah Lawrence Rogers among those skeptical that the shale energy boom is real or sustainable — fiscally or environmentally. Rogers, part of ...

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Consumer prices slow with O&G in the west

Despite a slow but steady oil price recovery for Colorado, the growth recently came to a halt, and with it, consumer prices. According to the Denver Business Journal, the U.S. Bureau of Labor Statistics reported a 0.3 percent jump in the federal consumer price index (CPI) in western states for the month of April. This gain is notably smaller than ...

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UPDATE 2-Kuwait says oil market will balance itself, must be patient

FUJAIRAH, United Arab Emirates, Sept 17 (Reuters) – Kuwait’s OPEC governor Nawal al-Fuzaia said on Thursday the oil market would balance itself but “we need to be patient,” indicating support for the producer group’s policy of defending market share despite falling prices. Speaking at the Gulf Intelligence Energy Markets Forum in the UAE emirate of Fujairah, Fuzaia said the current ...

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