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U.S. fuel consumption is soaring amid cheaper prices: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Fuel demand in Texas is growing strongly as lower oil prices encourage motorists to use their vehicles more and buy larger replacements. Receipts of motor fuel taxes in February 2015 were 6 percent higher than in the same month in 2014, according to the Texas ...

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CSU experts answer questions on environmental impact of fracking

fracking plant

With the massive oil and gas drilling underway in northern Colorado, questions about the environmental impact of hydraulic fracturing, or “fracking,” have been on the minds of many residents. A panel of four Colorado State University experts assembled Tuesday at Avogadro’s Number in Fort Collins to answer those questions. More than 250 people attended, armed with questions for panelists Thomas ...

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Editorial: Gov. Wolf’s ‘green’ energy plan not only is lousy economics, it’s unconstitutional

There are two major problems with Gov. Tom Wolf’s budget plan to promote “green energy.” One is constitutional. The other is a matter of fundamental economics. As the Trib’s Katelyn Ferral reported on Tuesday, the Democrat governor wants to borrow more than half-a-billion dollars to subsidize “renewable” energy — wind, solar and agricultural waste. Bonds totaling $675 million would be ...

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OPEC is winning its battle with U.S. shale: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – U.S. shale producers are falling behind in the Red Queen’s Race as the downturn in drilling means that new oil production is failing to offset falling output from existing wells. The famous race is named after the scene from Lewis Carroll’s novel “Through the Looking-Glass,” ...

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Time to call them Obama trains

There was another oil train derailment this week – this time near Galena, Illinois –  producing another explosion and smoke cloud that’s being plastered all over the media. It was the third such derailment in three weeks. Left-wing activists have taken to using the term “bomb trains” and are now blaming public officials for not seeking regulatory retribution for the ...

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Pour me another one, Oilman

Over the years the oil boom in the U.S. has stirred many people to develop fun, new products related to the industry.  One idea that seems to be a big hit are oil inspired cocktails and shots. Now, some sound and look like they aren’t that bad, but others are questionable.  Lucky for you, I have taken the time to ...

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Editorial: So much unknown as drilling permitting begins

In less than two weeks, the permitting process for hydraulic fracturing to explore for fossil fuels can begin in North Carolina. What’s going to happen depends a lot on whom you ask. “I believe there will be holes drilled in the ground before the end of the year,” says James Womack, a member of the state Mining and Energy Commission ...

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Opinion: Why was there a sudden trend reversal in oil prices?

oil drums

JAKARTA (The Jakarta Post/ANN) – A recent trend shows a continuous fall in oil prices. Brent Crude Oil hit its lowest at US$45 per barrel in January 2015 after fluctuating around $50 the previous months. In other words, oil prices fell by more than half within six months, since it still fluctuated around $115 back in June 2014. This sharp ...

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Punishing the good guys won’t fix flaring problem

The North Dakota Industrial Commission – the triumvirate of statewide elected officials which oversees, among other things, oil and gas development in the state – has set goals for reducing flaring, or the burning off of excess natural gas produced during oil development. Companies which don’t hit those goals can be hit with a fine of up to $12,500 per ...

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Editorial: Why Keystone stays alive

President Barack Obama last week vetoed legislation that would have greenlighted the Keystone XL pipeline, linking Canadian oil sands to the U.S. Gulf Coast. The Senate lacks the votes to override Obama’s veto. Yet Keystone isn’t dead. Both Democrats and Republicans have an interest in keeping this political football in play. Someday, we hope, the pipeline will be built. But ...

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