"Most people assume this (fracking) is something that just started happening....There have been wells hydraulically fractured in Michigan for 60 years." according to Jim Armbruster, MI Department of Environmental Quality geologist.
U.S. natural gas prices escaped a rout this summer as record heat helped reduce towering inventory levels. This winter, fierce cold will be needed to help absorb the newest barrage of supply that will again test the limits of an over-supplied market.
Manufacturers and drillers have been warring over exports for more than a year, but many industry analysts say exporting is inevitable.
The boom in natural gas production that has pushed prices below $2 per thousand cubic feet back in April has planted the seed for a huge correction the other way.
The coming U.S. energy boom, spearheaded by new technologies that have enabled us to recover vast amounts of previously inaccessible oil and natural gas from rock formations, will be important for several reasons, not least the nation's competitive advantage in the global economy.
TransCanada has proposed to Nebraska officials a new route for the U.S. segment of its Keystone XL pipeline that avoids the Ogallala Aquifer and the Sandhills region in Nebraska. "The identified route, along with our commitment to implement additional safety requirements above and beyond those required for any other pipeline, ensures the protection of Nebraska's resources," said Russ Girling, TransCanada's president and CEO. TransCanada submitted the revised route plan to the Nebraska Department of Environmental Quality.
Harris Interactive conducted a poll and found 71% of American voters favor increased access to U.S. oil and natural gas resources and 92% say energy security and producing at home more oil and natural gas is an important issue this election.
TransCanada has a permit, but not for the larger portion of Keystone, which would transport Canadian oil sands from Alberta.
The U.S. EPA announced it had ended testing of drinking water in the northeastern Pennsylvania community of Dimock and declared it safe to drink.
After decades of rising prices, hostile foreign suppliers and warnings that Americans will have to bicycle to work, the world faces the possibility of vast amounts of cheap, plentiful fuel. And the source for much of this new supply? The U.S.