Back in April, Bloomberg infamously predicted that “half of U.S. fracking companies would be dead or sold this year.” Despite continued slumps in oil, the expensive extraction process of fracking has remained and will likely continue to stay for the foreseeable future. Continue reading
Gasoline prices, like prices of any commodity, are determined by many factors including supply-and-demand, government policy and even the weather. Gasoline is unique, however, because it is very nearly the only energy source used in transportation. Its monopoly on transportation amplifies the impact its price has on the economy. Low gas prices translate to more … Continue reading
On September 16, University of Texas Austin released a study showing that shale gas production releases fewer methane emissions than previously thought. If true, the study’s findings could swing the debate over hydraulic fracturing—a technique used to extract gas from shale formations—in favor of the natural gas industry. In the last five years, developments in … Continue reading
Shale gas discoveries has proliferated in the United States as hydraulic fracturing and horizontal drilling, a relatively new technology, has allowed an efficient way to extract shale gas, producing a cheaper and cleaner source of energy than coal. The shale gas boom happening in the United States which has resulted in an economy-boosting decrease in gas prices … Continue reading
On Wednesday, President Obama gave a speech at Georgetown University announcing a new climate change policy. The announcement fulfills a promise he made in his State of the Union Address to move forward with executive regulation if Congress failed to act on climate change. It also makes good on his promise to bankrupt the coal … Continue reading
The environment is one of those things like education or jobs. No one says they are against job creation. No one claims to be anti-education. Nobody (despite what environmentalists may tell you) wants to destroy the environment, or eradicate the habitat of this or that endangered species. These things happen, of course. Jobs are lost, … Continue reading
The Bureau of Land Management has released a new proposal for rules governing the use of hydraulic fracturing on federal land. This proposal contains revisions from last year’s proposal that better balance environmental and business interests over the controversial drilling technique. Hydraulic fracturing, or ‘fracking,’ has been used in conventional, vertical wells since at least … Continue reading
As the 2012 election draws to a close, the painfully inevitable process of media endorsements has brought the Romney and Obamaphiles out of the woodwork, like Kurt Gibson, hobbling to the plate in hopes that one lucky swing can sway some votes. Generally conservative endorsements of Mitt Romney incorporate criticism of President Obama for being … Continue reading
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