Tracking the players in the ever-growing energy and environmental world.
The federal government says the oil & gas industry is the largest industrial source of pollution that creates smog. In coming months, Texas drillers could learn what the government plans to do about it. New pollution rules could mean that thousands of oil & gas wells in Texas will have to have their leaks fixed. “It’s an [...]
From Texas Tribune: Texas regulators on Tuesday tightened rules for wells that dispose of oilfield waste, a response to the spate of earthquakes that have rattled North Texas. The three-member Texas Railroad Commission voted unanimously to adopt the rules, which require companies to submit additional information – including historic records of earthquakes in a region– when applying [...]
Texas is leading the way in a massive boom in U.S. oil production: oil exports are higher than they’ve been since the 1950s, when the Suez Canal crisis caused a brief jump in shipments. Imports have dropped significantly, but even with that decline, Americans still import about a fourth of the oil they use. We called Tad Patzek, [...]
The campaign to end a 39-year ban on the export of most domestically produced crude oil has gathered momentum over the past week. First came a report from the Government Accountability Office, indicating that removing the ban would boost domestic production by encouraging further investment. A few days later, fourteen independent oil producers joined to register [...]
According to University of Texas researchers, trillions of cubic feet of methane are trapped under the Gulf of Mexico, frozen. The U.S. Department of Energy gave Texas over $40 million to research this frozen gas – methane hydrate. As part of a four-year program, researchers will study methane hydrate and evaluate its potential as a [...]
Recent financial news headlines have warned about: The dangers of “falling oil.” Or enduring the “Oil Crash of 2014.” Or having oil producers headed for “oblivion.” Could it really get that bad? Maybe, if it’s like it was a few decades ago. “There were bankruptcies everywhere,” said Ed Hirs, a Houston oil man and energy economist. “Exxon [...]
The benchmark price of U.S. crude hovers around $85 a barrel. That’s lower than it’s been in four years and $15 below where it was a year ago. Here are a few reasons why: Economic growth has stalled internationally – This has slowing the demand for oil, but oil supplies are increasing thanks to the shale boom in [...]
Crude oil is now trading at roughly $13 a barrel less than it did a year ago. That’s in spite of the seizure of Iraqi and Syrian oil facilities by ISIS and a U.S.-led bombing campaign against those facilities. “The beginning of the bombing campaign in Syria and Iraq recently was met with a big [...]
Economists made a surprising discovery when they measured the economic impact of oil & gas drilling in Texas. For the past four years, Thomsas Tunstall and a team of economists at University of Texas-San Antonio have been measuring the economic impact of surging oil & gas drilling in the rock formation called the Eagle Ford [...]
“I think it is worth asking ourselves as a society how much longer we think we need to have an oil economy.” — Michael Webber, UT Energy Institute This week in New York, the UN Climate Summit is underway, and the Rockefeller Foundation made news with the announcement that it will divest close to a billion dollars from fossil [...]
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