One of the biggest economic stories relating to U.S. shale development is the rebirth of domestic manufacturing. Abundant and affordable supplies of natural gas and its associated liquids, which manufacturers use as a feedstock for the products they create, have made the United States one of the lowest cost countries in which companies can invest.
North Carolina's fracking commissioners said Friday that fracking is so inherently safe that they will recommend relaxing the standard by which operators will have to test local well water before they begin drilling for natural gas.
he chairman of the commission establishing rules for natural gas drilling in North Carolina said Thursday that he wants more details from state environmental regulators about why they turned down a federal grant to test water supplies before drilling begins.
California Governor Jerry Brown, preparing the state for development of the largest shale-oil reserves in the U.S., signed into law regulations for hydraulic fracturing, or fracking, a process that has been criticized by environmental groups.
As the Office of Management and Budget reviews U.S. EPA's proposal for 2014 renewable fuel volumes, Congress continues to debate a legislative fix to the policy.
The economic and employment contributions from U.S. unconventional oil and gas production are now being felt throughout the U.S. economy, increasing household incomes, boosting trade and contributing to a new increase in U.S. competitiveness in the world economy, a new study by IHS finds.
A landmark federal study on hydraulic fracturing, or fracking, shows no evidence that chemicals from the natural gas drilling process moved up to contaminate drinking water aquifers at a western Pennsylvania drilling site, the Department of Energy told The Associated Press.
The U.S. is sitting on an underground ocean of energy--and the news is all good for small businesses.
Interior Department Secretary Sally Jewell, a former drilling engineer in Oklahoma, said: "Fracking as a technique has been around for decades... I have performed the procedure myself very safely."
Energy-related carbon dioxide (CO2) emissions in 2012 were the lowest in the United States since 1994, at 5.3 billion metric tons of CO2. With the exception of 2010, emissions have declined every year since 2007.
