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Tag Archives: u.s. shale production

Declining prices hit energy-producing states hard

CHEYENNE, Wyo. — While other states were tightening their belts during the dark days of the Great Recession, Wyoming was socking away billions of dollars in energy revenues in the bank, building new schools and funding an endowment that offers college scholarships to its high school grads. But with the recent slide in energy prices, fuel-rich states like Wyoming and ...

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OPEC likely won’t move to boost oil price amid infighting

VIENNA — Cheap oil that could get even cheaper: That’s the challenge OPEC ministers face as they try to cut their losses at a time when supply is outstripping demand. But their hands appear tied. Ahead of their meeting Friday, there is recognition that the 12-member Organization of the Petroleum Exporting Countries will be unable to nudge up prices, at ...

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Ohio’s fracking boom hits speed bump

CAMBRIDGE, Ohio — When shale oil-and-gas investment hit eastern Ohio three years ago, the results could be measured in steaks and Shiner Bock beer. At least that’s the way they saw it at the Forum restaurant, a hangout for out-of-town oil-and-gas workers just off I-70. In the evenings, the bar at the front of the house was filled with customers ...

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OPEC to stay the course despite fears of $20 oil

LONDON/DUBAI – OPEC is determined to keep pumping oil vigorously despite the resulting financial strain even on the policy’s chief architect, Saudi Arabia, alarming weaker members who fear prices may slump further towards $20. Any policy U-turn would be possible only if large producers outside the exporters’ group, notably Russia, were to join coordinated output cuts. While Moscow may consult ...

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Hedge fund short positions and oil prices in 2015: Kemp

(The opinions expressed here are those of the author, a columnist for Reuters.) LONDON – U.S. oil prices have cycled between $40 and $60 per barrel since the start of 2015 and the rise and fall has corresponded with the accumulation and liquidation of hedge fund short positions. There have been at least three cycles in WTI prices and hedge ...

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Eco-group working to make invisible air pollution from Ohio’s Utica Shale visible to everyone

BARNESVILLE — Peter Dronkers of Earthworks makes invisible air pollution from shale drilling visible to everyone. The viewfinder of Dronkers’ special infrared gas-recording camera shows billowing clouds or wispy leaks. What appears in the videos as wind-blown plumes of smoke are really pollutants that are invisible to the naked eye. Earthworks, a national environmental group based in Washington, D.C., quietly ...

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