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Oil council: Shale won’t last, Arctic drilling needed now

WASHINGTON — The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, an Energy Department advisory council says in a study to be released Friday. The U.S. has drastically cut imports and transformed itself into the world’s biggest ...

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Editorial: Pat on the back for Trout Unlimited in monitoring Pa.’s water


Trout Unlimited members deserve credit for stepping up to monitor streams in the range of natural gas drilling activities. Members of the Brodhead Chapter of TU are among 477 TU volunteers who have taken special training to measure things like conductivity, total dissolved solids, pH, air and water temperature, turbidity and other factors. The data they collect will become part ...

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Tank tops? Cushing isn’t the whole oil market: Kemp

John Kemp is a Reuters market analyst. The views expressed are his own. LONDON – Traders do not appear worried that rising oil stocks in the United States will cause storage space to run out in the next few months, despite the rapid accumulation of inventories at Cushing in Oklahoma. The term structure of futures contracts has remained broadly stable ...

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Editorial: Cost of fracking

We were encouraged to see two separate but related actions take place last week — one federal, one state. In both cases the steps were small, but appear at least to be reinserting public safety into the hydraulic fracturing equation. On Thursday, the Kansas Corporation Commission ordered a reduction in the amount of waste saltwater that is being injected into ...

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EDITORIAL: Fix potholes, not global warming

Whoever gets elected mayor of the country’s 41st largest city next month will have a big job. That person will have the power to fill potholes, build sewers and more. But he or she will not control the weather. Nevertheless, Colorado Springs mayoral candidates have been asked about “global warming” throughout the campaign. Anthropogenic global warming hypothesis holds that human ...

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Reroute oil trains? History suggests it’s a long shot


WASHINGTON — Last week, U.S. Sen. Al Franken asked the Federal Railroad Administration to consider rerouting trains carrying volatile Bakken crude oil from North Dakota so they do not pass through Minnesota’s biggest cities. For Franken, the possibility of rerouting is an integral part of a comprehensive response to a recent rash of fiery oil train derailments that also includes ...

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Transport sector set to give big lift to oil demand: Kemp

John Kemp is a Reuters market analyst. The views expressed are his own. LONDON – Demand for oil is intimately connected to the demand for transportation in the United States and the other advanced industrial economies. Cars, trucks, airlines, railways and shipping accounted for 71 percent of total U.S. oil consumption in 2013, according to the U.S. Bureau of Transportation ...

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U.S. fuel consumption is soaring amid cheaper prices: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Fuel demand in Texas is growing strongly as lower oil prices encourage motorists to use their vehicles more and buy larger replacements. Receipts of motor fuel taxes in February 2015 were 6 percent higher than in the same month in 2014, according to the Texas ...

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OPEC is winning its battle with U.S. shale: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON, March 10- U.S. shale producers are falling behind in the Red Queen’s Race as the downturn in drilling means that new oil production is failing offset falling output from existing wells. The famous race is named after the scene from Lewis Carroll’s novel “Through the Looking-Glass,” ...

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Time to call them Obama trains

There was another oil train derailment this week – this time near Galena, Illinois –  producing another explosion and smoke cloud that’s being plastered all over the media. It was the third such derailment in three weeks. Left-wing activists have taken to using the term “bomb trains” and are now blaming public officials for not seeking regulatory retribution for the ...

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