User: irge304 Topic: Energy Extraction
Category: Oil Exploration
Last updated: Apr 17 2014 23:16 IST RSS 2.0
 
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Caroline Lucas cleared of anti-fracking protest charges 17.4.2014 The Guardian -- Front Page
Green MP and four co-defendants found not guilty of obstructing public highway and public order offences during protests

Caroline Lucas, the Green party MP, has been found not guilty of obstructing a public highway and a public order offence during high-profile anti-fracking protests.

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Schlumberger Profit Jumps on Middle East, Asia Growth 17.4.2014 Wall St. Journal: US Business
Schlumberger said its first-quarter earnings rose 26% as the oil-field services company's revenue benefited from growth in the Middle East and Asia, as well as North America.
Baker Hughes Earnings Rise 23% 17.4.2014 Wall St. Journal: US Business
Baker Hughes Inc. said first-quarter income grew 23%, as the oil-field services company posted continued growth in its Middle East and Asia Pacific business.
Verdict due in trial of Caroline Lucas over anti-fracking protests 17.4.2014 The Guardian -- Front Page
Green MP and four other defendants are on trial over protest last year outside exploratory drilling site in West Sussex

Verdicts are due to be returned in the trial of Green party MP Caroline Lucas and four co-defendants who were arrested during an anti-fracking protest.

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AP Photos: Colorado hosts its own fracking boom 17.4.2014 AP National
MEAD, Colo. (AP) -- Workers bustle at an oil and gas drilling site near Mead, Colo., a town of about 3,800 people north of Denver....
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Noble Profit Up 70% on Fleet Growth 17.4.2014 Wall St. Journal: US Business
Noble said earnings soared as the offshore oil driller saw fleet growth and higher revenue. Shares jumped in after-hours trading as the results surpassed Wall Street expectations.
State attorneys general take up fossil fuels boom as IPCC and feds lean green 17.4.2014 Denver Post: News: Local
Days after the U.N.-backed climate change panel of scientists urged a radical shift toward wind and solar energy to slow accelerating greenhouse-gas pollution, U.S. state attorney generals on Wednesday focused on ramped-up production of fossil ...
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Here's What Fracking Can Do To Your Health 16.4.2014 Mother Jones
If you know one thing about fracking, it might be that the wells have been linked to explosive tap water. Of course, a tendency toward combustion isn't the biggest problem with gas-infused water; it's what could happen to you when you drink it. Although the natural gas industry is notoriously tight-lipped about the ingredients of the chemical cocktails that get pumped down into wells, by now it's widely known that the list often includes some pretty scary, dangerous stuff , including hydrochloric acid and ethylene glycol (a.k.a. antifreeze). It's also no secret that well sites release hazardous gases like methane and benzene (a carcinogen) into the atmosphere. So just how dangerous are fracking and other natural gas extraction processes for your health (not counting, for the sake of argument, explosions and earthquakes )? Is it true, as an activist-art campaign by Yoko Ono recently posited, that "fracking kills"? The answer to that second question is probably not, especially in the short term and if you ...
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Fed: Fargo economy healthy, but challenges remain 16.4.2014 Minnesota Public Radio: Business
Given its low unemployment and growing business diversity, the Fargo area has a healthy economy, Minneapolis Fed President Narayana Kocherlakota said.
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Ukraine declares Crimea 'temporarily occupied territory' (Cached) 15.4.2014 New Kerala: World News
Kiev, April 15 : The Ukrainian parliament Tuesday passed a bill declaring the southern Crimea peninsula as "territory temporarily occupied by the Russian Federation", the parliament's press service said.
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Outsider’s view as Interior secretary 15.4.2014 Salt Lake Tribune
Washington • Just off the traffic-snarled George Washington Parkway, over a small footbridge and across from the Lincoln Memorial, lies a natural island unscathed by the development of the nation’s capital. Native Americans fished here. Slaves worked a plantation here. Union troops camped here. And this is where Sally Jewell wants to chat. The Interior Department secretary has one of the most spacious government offices in Washington, a 1,120-square-foot suite with a wraparound balcony and ki...
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Colorado oil drilling boom intensifies as voter initiatives multiply 15.4.2014 Denver Post: News: Local
Colorado Attorney General John Suthers was walking down Denver's 16th Street Mall recently when a Greenpeace activist asked if he'd like to ban ...
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EPA drastically underestimates methane released at drilling sites 15.4.2014 LA Times: Environment
Drilling operations at several natural gas wells in southwestern Pennsylvania released methane into the atmosphere at rates that were 100 to 1,000 times greater than federal regulators had estimated, new research shows.
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Conn. fracking waste moratorium bill progresses 15.4.2014 Boston Globe: Latest
HARTFORD, Conn. (AP) — A bill that would ban the storage or disposal of waste from fracking in Connecticut is moving through the General Assembly.
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Glencore buys oil-explorer Caracal for $1.35B 14.4.2014 AP Business
GENEVA (AP) -- Swiss-based commodities giant Glencore Xstrata Plc says it is buying oil exploration firm Caracal Energy Inc. for about 800 million pounds ($1.35 billion) in cash....
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Triumph of the Drill: How Big Oil Clings to Billions in Government Giveaways 14.4.2014 Mother Jones
Advertise on MotherJones.com Over the past century, the federal government has pumped more than $470 billion into the oil and gas industry in the form of generous, never-expiring tax breaks. Once intended to jump-start struggling domestic drillers, these incentives have become a tidy bonus for some of the world's most profitable companies. Taxpayers currently subsidize the oil industry by as much as $4.8 billion a year, with about half of that going to the big five oil companies—ExxonMobil, Shell, Chevron, BP, and ConocoPhillips—which get an average tax break of $3.34 on every barrel of domestic crude they produce. With Washington looking under the couch cushions for sources of new revenue, oil prices topping $100 a barrel, and the world feeling the heat from its dependence on fossil fuels, there's been a renewed push to close these decades-old loopholes. But history suggests that Big Oil won't let go of its perks without a brawl.   There Will Be Subsidies How the oil companies hit a gusher of tax ...
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A Brief History of Big Tax Breaks for Oil Companies 14.4.2014 Mother Jones
Over the past century, the federal government has pumped more than $470 billion into the oil and gas industry in the form of generous, never-expiring tax breaks. How it all got started: 1916 The petroleum industry takes off as Americans' love affair with the automobile begins. A new tax provision allows oil companies to write off dry holes as well as all "intangible drilling costs" in their first year of exploration. Over the next 15 years, oil and gas subsidies will average $1.9 billion a year in today's dollars. 1926 Congress approves the "depletion allowance," which lets oil producers deduct more than a quarter of their gross revenues. Texas Sen. Tom Connally, who sponsored the break, later admits, "We could have taken a 5 or 10 percent figure, but we grabbed 27.5 percent because we were not only hogs but the odd figure made it appear as though it was scientifically arrived at." 1937 Treasury Secretary Henry Morgenthau calls the depletion allowance "perhaps the most glaring loophole" in the tax code. ...
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Trying to combat growing drug trade in oil patch (Cached) 14.4.2014 Durango Herald
WILLISTON, N.D. x2013 The blood-drenched man had survived a brutal attack Beaten with brass knuckles, shocked with a stun gun, slashed with a razor blade, then dumped 40 miles away in Montana, he staggered to a farmhouse for help. His path eventually led authorities back to a quiet backyard in this oil-boom town.What they uncovered...
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U.N. Urges Swift Action on Climate Change 14.4.2014 Wall St. Journal: World
A United Nations report suggests that governments can still avert the more serious consequences of climate change provided they act quickly and aggressively to cut the accelerating pace of greenhouse-gas emissions.
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Energy Department seeks methane hydrate proposals 13.4.2014 Boston Globe: Latest
ANCHORAGE, Alaska (AP) — The U.S. Department of Energy is soliciting for another round of research into methane hydrates, the potentially huge energy source of "frozen gas" that could step in for shortages of other fossil ...
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