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EDITORIAL: So much unknown as drilling permitting begins

In less than two weeks, the permitting process for hydraulic fracturing to explore for fossil fuels can begin in North Carolina. What’s going to happen depends a lot on whom you ask. “I believe there will be holes drilled in the ground before the end of the year,” says James Womack, a member of the state Mining and Energy Commission ...

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Lessons for U.S. oil production from the gas industry: Kemp

John Kemp is a Reuters market analyst. The views expressed are his own. NEW YORK – The United States produced a record 25.7 trillion cubic feet of natural gas in 2014 according to preliminary estimates published by the Energy Information Administration (EIA) on Feb 27. Gas production has risen 27 percent since 2008 even though the number of rigs employed ...

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Opinion: Why was there a sudden trend reversal in oil prices?

JAKARTA (The Jakarta Post/ANN) – A recent trend shows a continuous fall in oil prices. Brent Crude Oil hit its lowest at US$45 per barrel in January 2015 after fluctuating around $50 the previous months. In other words, oil prices fell by more than half within six months, since it still fluctuated around $115 back in June 2014. This sharp ...

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Punishing the good guys won’t fix flaring problem

The North Dakota Industrial Commission – the triumvirate of statewide elected officials which oversees, among other things, oil and gas development in the state – has set goals for reducing flaring, or the burning off of excess natural gas produced during oil development. Companies which don’t hit those goals can be hit with a fine of up to $12,500 per ...

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Editorial: Why Keystone stays alive

President Barack Obama last week vetoed legislation that would have greenlighted the Keystone XL pipeline, linking Canadian oil sands to the U.S. Gulf Coast. The Senate lacks the votes to override Obama’s veto. Yet Keystone isn’t dead. Both Democrats and Republicans have an interest in keeping this political football in play. Someday, we hope, the pipeline will be built. But ...

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Canadian crude proves perfect partner to U.S. shale: Kemp

John Kemp is a Reuters market analyst. The views expressed are his own. LONDON – U.S. refineries are processing record quantities of heavy crude from Canada as the perfect complement to light oils from North Dakota and Texas as they struggle to keep their average blend steady. Crudes vary enormously – from low-density oils with few impurities to much denser ...

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Editorial: Our energy pipeline

Pipeline

President Barack Obama vetoed the Keystone XL Pipeline bill Tuesday, but an energy project that promises more benefits to North Carolina is quietly advancing. It’s the Atlantic Coast Pipeline, which will carry natural gas 550 miles from West Virginia across Virginia and through North Carolina on a north-south line roughly tracking Interstate 95. Surveying is underway. Public meetings in affected ...

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Bakken oil drillers retreat to the core: Kemp

John Kemp is a Reuters market analyst. The views expressed are his own LONDON – North Dakota’s oil producers have pulled back to the core areas of the Bakken formation to cut costs and maximize output amid the slump in prices. The number of active rigs in the state has fallen to just 121, from 190 a year ago, according ...

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Editorial: President kills jobs with his pen

jobs

With the stroke of a pen Tuesday, President Barack Obama removed any doubt we have a left-wing ideologue running the executive branch of government. Siding with global warming activists, by vetoing the Keystone XL pipeline, the president signed away up to 42,000 good jobs and obstructed progress toward North American oil independence. But that’s just us putting it lightly. “In ...

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Editorial: Veto: Wrong response on pipeline

If he vetoes the Republican attempt to force him to approve the Keystone XL pipeline, President Barack Obama will be making a mistake. Not because he’s rejecting an overreaching Congress. He is and should, though he’ll likely have plenty of other opportunities through next year. The president is making a mistake because he continues to dither about an issue that ...

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