Archive for November, 2014

(NYT) Solar and Wind Energy Start to Win on Price vs. Conventional Fuels

For the solar and wind industries in the United States, it has been a long-held dream: to produce energy at a cost equal to conventional sources like coal and natural gas. That day appears to be dawning. The cost of providing electricity from wind and solar power plants has plummeted over the last five years, so much so […]

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Fracking in Marcellus Turns 10

It doesn’t take a petroleum engineer to see how far fracking has come since its first successful use on a Marcellus shale well 10 years ago. Bird’s-eye view photos of Range Resources Corp.’s work sites at the Renz well it completed in Washington County in 2004 and a more recent well illustrate a decade of […]

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Hagel to Step Down as Defense Secretary Amid Budget Cuts and Mideast Crisis

U.S. Defense Secretary Chuck Hagel is stepping down from his post, an administration official confirmed. The departure of Hagel was first reported by the New York Times, which said President Barack Obama would make an announcement later today. Hagel was confirmed in February of last year after a difficult confirmation process that saw many of his former Republican colleagues […]

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The 153 Year Old Well That Produces Nonstop in Boom and Bust

About 70 miles north of Pittsburgh, a pothole-pocked dirt road along the side of a warehouse leads to a solitary oil well, undeterred by the recent plunge in crude prices. McClintock No. 1, the world’s oldest continually producing oil well, is still going after 153 years, quietly churning out about 1/10 of a barrel a […]

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Rand Paul Shows Early Strength in New Hampshire Poll

When 2012 Republican nominee Mitt Romney is removed from the mix, the Kentucky senator and New Jersey Governor Chris Christie share the top spot, with each drawing 16 percent support from likely Republican primary voters. Romney, who has repeatedly said he has no plans to…

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Iran Nuclear Talks Set to Resume Next Month After Missing Deadline

(Reuters) – Iran and six world powers are expected to break off negotiations on Monday and meet again next month after missing a deadline to clinch a final deal to resolve their 12-year standoff over Tehran’s nuclear ambitions, diplomatic sources said. Details about the resumption of negotiations were still being worked out, though one source said on […]

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Natural Gas Boom Is Drowning Out Coal Industry’s Battle Cries

While a lot of the political fodder during the 2014 election season focused on the “war on coal,” a bigger and even stronger show of force is transforming the nation’s economic landscape, especially in “war torn” Appalachia: natural gas. The natural resource has emerged from the back burner of U.S. energy development and onto the hot seat. […]

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Have Oil Prices Passed Their All-Time Peak?

Rapid demand growth from developing industrial economies such as China and a plethora of geopolitical disturbances have been key drivers behind a five-fold increase in oil prices since 2000 and, with both factors continuing to weigh on markets, it is tempting to assume that further price inflation in the medium to long term is inevitable. […]

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Bill Barrett Corporation Announces Successful Settlement on Cottonwood Gulch Asset

DENVER, Nov. 24, 2014 /PRNewswire/ — Bill Barrett Corporation (“the Company”) (BBG) announced today that the Company entered into a settlement agreement with the Department of Interior and certain conservation organizations regarding its Cottonwood Gulch natural gas asset located on the Roan Plateau of Northwest Colorado. Under the settlement, the Department of Interior cancels approximately 36,000 […]

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Oil at $75 Won’t Shut in Much U.S. Shale

Oil at $75 a barrel won’t affect U.S. output from shale much because investments in wells and production have already been made, said Andrew Liveris, chairman and chief executive officer of Dow Chemical Co. (DOW) Some U.S. shale producers are already hurt by the drop in oil prices, though Dow, based in Midland, Michigan, sells enough different […]

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