User: flenvcenter Topic: Energy-National
Category: Fossil Fuels :: Oil and Gas
Last updated: Dec 22 2014 11:54 IST RSS 2.0
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Asian markets gain as oil rebounds 22.12.2014 World
SEOUL, South Korea (AP) — Asian markets were mostly higher Monday after the Fed's pledge not to rush to raise interest rates prompted investors to add risky assets ahead of the year-end holiday. A rise in the price of oil boosted energy stocks.
Asian markets in post-FOMC trade as oil rebounds 22.12.2014 Star Tribune: World
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Obama to Blame for Hurricanes, Disease - and Everything Else 22.12.2014 Politics on
Rudy Giuliani is blaming President Obama for the murder of two NYPD officers. Says Rudy, "We've had four months of propaganda, starting with the president, that everybody should hate the police. I don't care how you want to describe it -- that's what those protests are all about." Rudy claims specifically that the propaganda against the police started with the president. Yet at no time has the president ever said anything about hating the police. Instead, he urged calm and peace. What he said immediately after police tear-gassed protestors in St. Louis: "We've got to make sure that we are able to distinguish between peaceful protesters who may have some legitimate grievances and maybe long-standing grievances, and those who are using this tragic death as an excuse to engage in criminal behavior." Here is what Obama said to protestors in Ferguson bent on punishing the police: "That won't be done by throwing bottles. That won't be done by smashing car windows. That won't be done by using this as an ...
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Why Saudis Decided Not to Prop Up Oil 22.12.2014 Wall St. Journal: World
Behind OPEC’s decision not to cut crude output was Saudi Arabia’s view that America’s energy boom poses a new threat—one factor in a growing distance between the two allies.
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Behind OPEC Decision, A Saudi Fear of U.S. Shale 22.12.2014 Wall St. Journal: Page One
In early October, Saudi Arabia’s representative to OPEC surprised attendees at a New York seminar by revealing his government was content to let global energy prices slide.
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Railcar Bottleneck Looms for Oil 22.12.2014 Wall St. Journal: US
Thousands of tank cars are likely to be idled because there aren’t enough shops to retrofit tank cars that carry flammable liquids in time to meet proposed federal guidelines, a railway trade group says.
NY farmers lament lost opportunity for gas riches 22.12.2014 AP National
ALBANY, N.Y. (AP) -- While environmental groups are doing a victory dance over New York's decision to ban fracking, farmers such as apple grower David Johnson are grieving for dashed hopes and dreams....
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Climate Concerns Rise Alongside Growing Global Coal Consumption 22.12.2014 Worldwatch Institute
New Worldwatch Institute analysis explores trends in coal consumption and global energy policies For Immediate Release | December 22, 2014 | CONTACT  GAELLE GOURMELON Notes to Editors:      Journalists may obtain a complimentary copy of " Global Coal Consumption Keeps Rising, But Growth is Slowing "   by contacting Gaelle Gourmelon at .  About the Worldwatch Institute: Worldwatch is an independent research organization based in Washington, D.C. that works on energy, resource, and environmental issues. The Institute’s State of the World report is published annually in more than a dozen languages. For more information, visit . About Vital Signs Online: Vital Signs Online provides business leaders, policymakers, and engaged citizens with the latest data and analysis they need to understand critical global trends. It is an interactive, subscription-based tool that provides hard data and research-based insights on the sustainability trends that are shaping our ...
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NY farmers lament lost opportunity for gas riches 21.12.2014 Yahoo: US National
ALBANY, N.Y. (AP) — While environmental groups are doing a victory dance over New York's decision to ban fracking, farmers such as apple grower David Johnson are grieving for dashed hopes and ...
Farmers in southern New York lament lost opportunity for gas riches after fracking ban 21.12.2014 Star Tribune: Politics
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Utah Land Defenders Stand Up to Dirty Politics 21.12.2014 Truthout - All Articles
New technologies like fracking - along with government subsidies - have ushered in an energy boom reliant on extreme extraction methods to produce oil and natural gas. Now the Uinta Basin is ground zero for what threatens to become the next phase in extreme energy extraction: strip mining for tar sands and oil shale. After clear-cutting trees and sagebrush, U.S. Oil Sands digs open-pit mines to test their tar sands extraction process. If the company starts producing tar sands on a commercial scale, 32,000 acres in Utah’s Uintah Basin could be covered with these pits, along with tailings ponds that would store huge amounts of waste water and chemicals used in the extraction process. (Courtesy of Before It Starts) Also see: Subsidy Spotlight: Publicly Funding a Utah Disaster in the Making Lauren Wood grew up in a family of river guides in the Uinta Basin region of Utah. She navigates tributaries of the Colorado River like her urban counterparts navigate subway systems. She learned to ride a horse, and then ...
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Saudi Oil Chief: No Conspiracy Behind Oil Prices 21.12.2014 Politics on
ABU DHABI, United Arab Emirates (AP) — Saudi Arabia's oil chief on Sunday dismissed allegations that his kingdom conspired to bring down oil prices in order to harm other countries and told a summit of Arab energy leaders that he was confident the market would stabilize. The kingdom, which is dependent on oil revenues, is able to weather lower oil prices due to large reserves built up over the years. Non-OPEC member Russia and other nations like Iraq, Iran and Venezuela need prices substantially above present levels to meet budget goals and want to drive prices up. Saudi Arabia maintains it is opposed to cutting production because of fears its market share could erode. "The best thing for everybody is to let the most efficient produce," Saudi Petroleum Minister Ali Naimi said in the United Arab Emirates capital of Abu Dhabi. He was addressing the Arab Energy Conference, a gathering held every four years. The price of U.S. crude has dipped below $60 a barrel, its lowest in five years. Naimi said he was ...
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Gulf producers blame oil price on 'irresponsible' output 21.12.2014 World
Oil-rich Arab Gulf countries on Sunday blamed "irresponsible" non-OPEC producers for a plunge in global crude prices, but voiced confidence that markets would rebound. World prices have fallen almost 50 percent since June, mainly due to a supply glut, the weak global economy and a strong US dollar. UAE energy minister Suhail al-Mazrouei, in a clear reference to shale and sand oil output from North America and other emerging energy markets, attributed the price dive to "newcomers". "One of the main causes is irresponsible production by some producers from outside the (OPEC) organisation," he told an energy forum in Abu ...
Oil price plunge creates winners, losers 21.12.2014 Star Tribune: Business
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Centaurs, Soviets, and Seltzer Seas: Mariner 2’s Venusian Adventure (1962) 21.12.2014 Wired Top Stories
Hydrogen is the most common kind of normal matter in the universe. Perhaps the universe is trying to tell us something, for the most common chemical element makes an excellent energetic rocket fuel. That does not mean, however, that it is easy to manage. Odorless and colorless hydrogen gas becomes liquid, and thus dense enough ...
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Subsidy Spotlight: Publicly Funding a Utah Disaster in the Making 20.12.2014 Truthout - All Articles
A green stegosaurus graces the logo of Uintah County, Utah, a gateway to the famed Dinosaur National Monument, where breathtaking landscapes and fossils preserved in sandstone attract thousands of visitors every year. That logo has taken on new meaning over the past decade as prehistoric remains have attracted a different crowd. Now oil and gas executives are flocking to the Uinta Basin in Eastern Utah, as new technologies––and support from the government––offer the dubious possibility of digging up the region's vast deposits of oil shale and tar sands. Canadian production of tar sands on a massive scale has familiarized the American public with the petroleum substance that's comprised of sand, clay, water, and bitumen which, after several rounds of energy-intensive refining, can be turned into fuel that burns dirtier than conventional crude oil, releasing more carbon, heavy metals, and sulphur in the process. But tar sands production has never happened on a commercial scale within the United States, and ...
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NY's bad move on fracking 20.12.2014 CNN: Top Stories
"I consider the people of New York my patients," acting New York Health Commissioner Howard Zucker said this week as he cited health-related reasons for recommending New York Governor Andrew Cuomo ban hydraulic fracturing, or "fracking," to develop natural gas resources in the state. New York's environmental conservation commissioner joined in with the recommendation, which the governor quickly accepted.
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Obama Sounds Like He’s About to Reject the Keystone Pipeline 20.12.2014 Mother Jones
This story first appeared on the Grist website and is reproduced here as part of the Climate Desk collaboration. Speaking at his end-of-the-year press conference on Friday afternoon, President Obama sounded very much like he's poised to reject the Keystone XL pipeline. He gave his sharpest assessment to date of its potential costs and benefits—lots of costs and few benefits. Climate hawks rejoiced, not only because of Obama's implied opposition to Keystone, but because he finally confronted American ignorance of how the oil market works, and attempted to reorient our energy policy around reality. At the press conference, Obama took a question from The Washington Post's Juliet Eilperin on what he will do about the Keystone XL pipeline, which congressional Republicans plan to try to ram through in January. Eilperin said Obama has in past comments "minimized some of the benefits" of Keystone. Obama responded that he has merely accurately characterized the benefits, which are objectively minimal, and walked ...
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Oil price plunge can aid diplomacy 20.12.2014 Star Tribune: Editorials
Impact on Russia, Iran offers hope for negotiated solutions.
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Oil, stocks go their separate ways 20.12.2014 Yahoo: Business

A Wall Street sign is pictured in the rain outside the New York Stock ExchangeNEW YORK (Reuters) - Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.

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