Energy Forum News

02.05.13

5 things you need to know about fracking

Fracking is short for "hydraulic fracturing," and the catch-all term used to describe the process of extracting oil and natural gas from shale rock formations deep underground. The process goes roughly like this: A company drills down more than a mile deep into the shale rock formations. Then comes what is known as "horizontal drilling" - effectively, the drilling turns 90 degrees, so that the well is exposed to more rock than it would be otherwise.

 

01.24.13

53 senators urge approval of Keystone XL pipeline

More than half the Senate on Wednesday urged quick approval of the Keystone XL oil pipeline, ramping up pressure on President Barack Obama to move ahead with the project just days after he promised in his inaugural address to respond vigorously to the threat of climate change.

 

01.22.13

GOP governors, Canadian leader press Obama to approve Keystone pipeline

Ten GOP governors and the premier of Saskatchewan are putting fresh pressure on President Obama to greenlight the proposed Keystone XL pipeline, which would bring Canadian oil sands to Gulf Coast refineries. Premier Brad Wall and the governors, in a letter to Obama Thursday, call the project "fundamentally important" to the future economic prosperity of the United States and Canada.

 

01.21.13

Fracking for natural gas being powered by it, too

Advances in hydraulic fracturing technology have powered the American natural gas boom. And now hydraulic fracturing could be increasingly powered by the very fuel it has been so successful in coaxing up from the depths. Oil- and gas-field companies from Pennsylvania to Texas are experimenting with converting the huge diesel pump engines that propel millions of gallons of water, sand and chemicals thousands of feet down well bores to break apart rock or tight sands and release the natural gas trapped inside.

 

01.21.13

Bi-fuel vehicles gaining speed

Detroit is beginning to produce vehicles that can run on both natural gas and regular gasoline. Anyone who has natural gas service in their home can tap off the same gas line to gas up their vehicle - at least until more commercial natural gas stations are established. Those facts make shale natural gas even more important to states that can produce it.

 

01.07.13

Matt Damon's 'Promised Land' fuels a real-world battle over 'fracking'

The new Matt Damon film 'Promised Land' is giving voice to critics of natural gas production, but the film faces opposition too as "fracking" goes Hollywood. The movie arrives in the middle of political and regulatory battles over fracking, the controversial oil-and-gas development method that's enabling a U.S. production boom. The Beltway has taken notice as green groups highlight the movie and conservatives attack it.

 

12.31.12

Shale-Gas Revolution Spurs Wave of New U.S. Steel Plants: Energy

The U.S. shale-gas revolution, which has revitalized chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of investment that may revive profits in the steel industry.

 

12.19.12

New Oil and Natural Gas Study Weighs Economic Benefits for States

A new IHS Study measures economic benefits of Unconventional Oil and Gas Production for each State in the United States Lower 48.

 

12.04.12

Liquefied natural gas exports will help, not harm economy, environment

As our nation's leaders work to improve our nation's struggling economy, there is one opportunity we cannot overlook: a responsible exports policy. U.S. Senators and Representatives from across the country have voiced their support for natural gas exports as a unique American opportunity that will create jobs and strengthen our energy security.

 

11.29.12

Optima Sees Fracking Increasing Specialty Steel Demand

Demand for specialty-steel products used in hydraulic fracking is poised to continue rising next year as energy companies step up exploration and production in shale-rock formations, Optima Specialty Steel Inc. said. Optima's sales of steel tubing to natural gas producers have climbed 15 percent in 2012, and a similar increase is forecast for 2013, said Kevin Stevick, chief executive officer of the closely held company. Growth at the Miami-based company is coming from fracking in states including Ohio, West Virginia, Pennsylvania and New York, he said.