Should oil shipment info be public? | WyomingNews.com. A view of the Cheyenne rail yards from the Norris viaduct. Michael Smith/staff CHEYENNE - For now, residents of Cheyenne can rest easy knowing that large quantities of volatile Bakken crude oil aren't coming through town. As for tomorrow, however, your guess is as good as anyone else's, and it's probably going to remain that way for the foreseeable future. Bakken crude oil, so named for its point of origin in the Bakken deposit beneath Saskatchewan, Manitoba, Montana and North Dakota, has come under scrutiny of late following several high-profile accidents involving the volatile resource. Last year, 72 tank cars derailed in the Quebec town of Lac Megantic, sparking a massive explosion and fire that killed 47 people. That, and other accidents since then, have raised concerns about Bakken crude's volatility and the means by which it is transported across North America.
For that reason, the U.S. That policy is being supported by DOT as well. The answer depends on who you ask. James Chilton. The Questionable Staying Power of the U.S. Shale Boom. US shale boom is over, energy revolution needed to avert blackouts | Nafeez Ahmed | Environment. I hate to say I told you so, but... In 2012, the International Energy Agency (IEA) forecast that the US would outpace Saudi Arabia in oil production thanks to the shale boom by 2020, becoming a net exporter by 2030. The forecast was seen by many as decisive evidence of the renewal of the oil age, while informed detractors were at best ignored, at worst ridiculed.
Among my many reports exposing the geological and economic fallacies behind the shale boom narrative are this, this, this and this. Even here on the Guardian, one headline declared the IEA report shows that "peak oil idea has gone up in flames. " But the IEA's latest assessment has proved the detractors right all along. The new analysis puts an end to the '100 year supply' myth widely promulgated by industry, and moves closer to the more sceptical assessment of a US tight oil peak within this decade. The IEA report says: "... output from North America plateaus [from around 2020] and then falls back from the mid-2020s onwards. " Why Haven't We Seen Wild Swings in the Price of Oil? 1 hr ago | AmericanBankingNews.com Citigroup Inc. Reiterates Buy Rating for Halliburton Company 's stock had its "buy" rating restated by equities researchers at Citigroup Inc. in a research report issued on Tuesday, Analyst Ratings News reports.
Trending on the Topix Network 5 hrs ago | AmericanBankingNews.com Cabot Oil & Gas Co. They currently have a $42.00 price target on the stock. 9 hrs ago | Westport Now Tribute to Holocaust Victim Westport performer Suzanne Tanner debuts her production, "Beyond Me: A Song Cycle in the Key of Survival" in New York on Sunday. 13 hrs ago | The Globe and Mail Haunted by phantom ETF distributions One of his wife's exchange-traded funds, the iShares S&P/TSX Capped REIT Index ETF , declared a distribution of 68.2 cents per unit at the end of 2013 - its biggest distribution of the year by far. 17 hrs ago | Seeking Alpha Intel-Powered Set-Top Box Can Challenge Amazon Fire TV And Apple TV Intel needs to enter the market for set-top box processors. The U.S. ABC News.
The four fossil fuel stockpiles that could toast the world. By now it’s old news that the U.S. is in the midst of an oil and gas boom. In fact, with 30.5 billion barrels of untapped crude, our proven oil reserves are higher than they have been since the 1970s. But if that oil doesn’t stay in the ground, along with most U.S. gas and coal reserves, then the planet and all of its inhabitants are in trouble. A new report from the Sierra Club takes a look at what will happen to the climate if we burn through four of our biggest fossil fuel reserves — and it ain’t pretty. The four stockpiles are Powder River Basin coal in Wyoming and Montana; Green River shale in Wyoming, Colorado, and Utah; oil and gas in the Arctic Ocean north of Alaska; and frackable oil and gas across the U.S. While the Sierra Club also reports that, for the first time in 20 years, domestic CO2 emissions are actually decreasing (and the U.S. has lost its place as No. 1 CO2 emitter to China), exploiting our oil, gas, and coal reserves will make it hard to maintain that trend.
Fool.com: Stock Investing Advice | Stock Research. Utah ‘high risk’ oil wells among those left uninspected. Regulation » BLM cites funding, staffing shortages for failure to ensure compliance. A majority of the oil and gas wells drilled on federal land in Utah during recent boom years have not been inspected, according to data obtained by The Associated Press. Of even more concern: Two-thirds of the wells the Bureau of Land Management (BLM) identified as high priority — because their locations pose greater risks — have not been examined. The Utah data cover the 2,432 oil and gas wells drilled between 2009 and 2012 on Utah lands administered by the U.S. Forest Service, the BLM and the Bureau of Indian Affairs.
Of the 327 high-priority wells, which BLM rules say should be inspected while they are being drilled, only 108 were visited by inspectors. Some of the high-priority wells may have been downgraded as oil fields developed without problems. Currently, all 17 of the office’s positions for these key compliance officials are filled. Story continues below "They should be inspected sooner.