Why oil decline could get ugly again

CNBC By Patti Domm Still drilling at four-decade highs, the U.S. oil industry could help drive another price collapse in crude this spring. OPEC Secretary General Abdalla Salem el-Badri told a conference this past weekend that the cartel’s policy has hurt the U.S. shale oil industry and triggered a global reduction in capital spending that […]

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Export steel pipe supplier announces new jobs

Trib Live By Patrick Varine The Marcellus shale industry has enabled an Export company to expand its footprint in the Pittsburgh area and add 150 jobs. Officials of Dura-Bond — a supplier of steel pipe, protective pipe coatings and pipeline products — announced Monday plans to hire 150 workers at the company’s Steelton facility to […]

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What Impact Has Hydraulic Fracturing Had on the Average American Consumer?

OilPro Tim Stinson For the majority of Americans, the concept of hydraulic fracturing—more commonly referred to as “fracking”—probably isn’t thought about on a day-to-day basis, if at all. However, hydraulic fracturing has had a significant impact on the American economy, and therefore the average American consumer. Background on Fracking and the Oil Boom In recent […]

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Consol Energy Exec Dugan Optimistic About Natural Gas Drilling

Trib Live By Katelyn Ferrel Consol Energy enters 2015 having for a year honed its natural gas operations and strategy. The company began drilling at the Pittsburgh International Airport in July, corralled its natural gas pipeline operations in a spin-off partnership with Noble Energy in September and has plans to start a second one focused […]

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Government Predicts Shale Slowdown as Oil Falls

ABC News By Jonathan Fahey As oil’s long slide continued, the Energy Department forecast Tuesday that production from U.S. shale operators will begin to tail off in the second half of the year. The decline would mark the first such drop in what has been a 6-year boom in U.S. onshore crude production. The price […]

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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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North American Fossil Fuel Boom Raises Risks From Expanding Oil and Gas Transport Network

Circle of Blue By Brett Walton Until two years ago, when the National Wildlife Federation pointed out their presence, the twin oil pipelines beneath the fast-flowing channel that connects Lake Michigan to Lake Huron were like nearly every other piece of North America’s energy transport network. The 61-year-old steel pipelines, owned and managed apparently without […]

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