Uncommon legal concept may surface in New York after fracking ban

Power Source By Anya Litvak For six years while shale gas extraction in New York was in a state of indefinite hold pending environmental and health reviews, landowners and oil and gas firms talked about “takings.” It’s a legal concept that, like eminent domain, requires the government to compensate private property owners for assets taken […]

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New York Has Outlawed Fracking. More Bans Will Follow if Energy Companies Don’t Take Action.

Washington Post By Fred Krupp New York Gov. Andrew Cuomo’s statewide ban on high-volume hydraulic fracturing, or fracking, is a vindication for communities around the country that have been hit hard by unconventional natural gas production. For those in the energy industry who have shrugged off the environmental, health and safety concerns of fracking, Cuomo’s […]

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Israel’s Gas Offers Lifeline for Peace

New York Times By Stanley Reed and Clifford Krauss THE TAMAR PLATFORM, Israel — Alarms rang out across the Tamar natural gas platform off the coast of Israel. The Israeli navy had detected smoky signs that a rocket might have been fired by Hamas from the shores of Gaza. As a voice over the loudspeaker […]

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The Next Step in Pa.’s Shale Boom is LNG Exports: Raymond Keating

PennLive By Raymond J. Keating At this weekend’s annual Pennsylvania Society Holiday Dinner in New York City, I suspect energy policy will be a frequent topic of discussion — as it should rightfully be. From Benjamin Franklin’s first experiments with electricity in Philadelphia to the energy revolution taking place in the Marcellus Shale natural gas play, […]

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Cheap Natural Gas Lures Private Equity to U.S. Power Industry

Business News Network By Jonathan N. Crawford and Naureen S. Malik The companies most bullish on U.S. power aren’t energy companies. They are private equity firms and here’s why: natural gas. Firms from Panda Power Funds to Energy Investors Funds are financing about 10 gigawatts of new gas-fired plants over the next five years in the […]

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Natural Gas Futures Gain for Second Day on Winter Cold Outlook

Businessweek By Christine Buurma Natural gas futures advanced for a second day in New York on speculation that below-normal temperatures early next year will spur heating demand after a warm December. The weather may be colder than usual in the eastern half of the U.S. in January and February, according to Commodity Weather Group LLC. […]

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Rice Energy Launches Midstream IPO

Pittsburgh Business Times By Paul Gough Rice Energy Inc. hopes to bring in about $600 million with the initial public offering of its midstream company on the New York Stock Exchange beginning Monday. Rice (NYSE: RICE) said it planned to sell 25 million units at $19 to $21 per unit, which would total between $475 […]

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Oil Jumps 3 Percent After Hitting 5-Year Low; Focus on U.S. Shale

Power Source By Barani Krishnan Reuters NEW YORK — Crude markets jumped about 3 percent on Monday, rebounding from five-year lows and heading for their biggest daily gain since at least June after fear that the high U.S. shale output blamed for the oil glut may be shrinking. A weaker dollar, which makes commodities denominated in […]

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Survival of Fittest as Oil Tumbles Below $65

The National West Texas Intermediate tumbled below US$65 a barrel to the lowest level since July 2009 amid speculation prices have further to drop before Opec’s decision to maintain output slows US shale supply. Benchmark futures in New York and London slumped more than 3 per cent after capping their biggest monthly loss in about […]

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