• The Second Coming Of U.S. Shale Is Challenging OPEC

    • Date: 03/03/17
    • Bloomberg

    After a two-year downturn spurred by oil’s plunge to $26 from $100, U.S. production is on the rise once again. “Today, almost every single shale basin is economic in the $35-$50 a barrel price range.” David McNew, Getty Images: Pump jacks are seen next to a canal in an oil field over the Monterey Shale formation where […]

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  • Exxon Mobil Turns to U.S. Shale Basins for Growth

    • Date: 02/03/17
    • Bradley Olson, The Wall Street Journal

    Company plans to spend about a fourth of its 2017 budget drilling in Texas, New Mexico and North Dakota, tapping a vast inventory of wells Exxon Mobil Corp. on Wednesday outlined an ambitious plan to turn to prolific U.S. shale basins for growth, showcasing how the oil giant now sees American production as a key […]

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  • Production Of Solar Panels Increases Greenhouse Gas Emissions

    • Date: 01/03/17
    • Greg Walters, Seeker

    US emissions of a greenhouse gas thousands of times more potent than carbon dioxide have expanded tenfold over the past two-and-a-half decades, according to fresh government data. And one reason — wait for it — is America’s increasing reliance on solar power. The gas, nitrogen trifluoride, or NF3, is a key chemical agent used to […]

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  • Green Lunacy: Anti-Shale Europe Dependent On Russian Gas As Never Before

    • Date: 01/03/17
    • Bloomberg

    Europe has wanted to wean itself from Russian natural gas ever since supplies from its eastern neighbor dropped during freezing weather in 2009. Almost a decade later, the region has never been more dependent. Gazprom PJSC, Russia’s state-run export monopoly, shipped a record amount of gas to the European Union last year and accounts for […]

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  • Shale Boom 2.0: OPEC Underestimated U.S. Frackers

    • Date: 27/02/17
    • Julian Lee, Bloomberg

    The second coming of shale could be even more powerful than the first. OPEC seems to be getting caught unawares. The current boom in U.S. oil production is even stronger now than the run from July 2011 to April 2015. And this is with oil prices at half their previous level and before President Donald […]

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  • Shale Revolution Drives American Household’s Energy Cost To Record Low

    • Date: 26/02/17
    • Lily Emamian , Energy Indepth

    Record-low natural gas prices enabled consumers to devote “less than 4% of their total annual household spending to energy in 2016, the smallest share ever recorded by the US government.” The Business Council for Sustainable Energy, in partnership with Bloomberg New Energy, just released the 2017 Sustainable Energy in America Factbook. The report covers the across-the-board benefits […]

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  • Short Selling Skeptic Cashing In On Solar Company Collapses

    • Date: 20/02/17
    • Eric Worrall, Watts Up With That

    Gordon Johnson of Axiom Capital Management Inc. is the short selling financial analyst solar energy companies are learning to hate. His business is making money from the the failure of unsustainable renewable business models. Gordon Johnson –Photographer: Christopher Goodney/Bloomberg The Most-Hated Bear in Solar Isn’t Backing Down by Brian Eckhouse 16 February 2017, 20:00 GMT+10 17 February 2017, […]

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  • Shale Drilling Is on a Roll as OPEC Cuts Keep Oil Above $50

    • Date: 18/02/17
    • Bailey Lipschultz, Bloomberg

    Shale wildcatters pushed ahead on the biggest surge in U.S. oil drilling since 2012 as the explorers take advantage of prices above $50 for more than two months. Rigs targeting crude in the U.S. rose by 6 to 597 this week, the highest total since October 2015, according to Baker Hughes Inc. data reported Friday. Drillers […]

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