For Montana’s oil industry, the carpet was pulled out from underneath them when the media’s attention was snatched away by the state’s neighbor to the east…
Posts Tagged ‘natural gas costs’
As Oil and Gas Prices Plunge, Drilling Frenzy Ends
The number of oil and gas rigs deployed to tap new energy supplies across the country has plunged to less than 1,200 from 2,400 last summer, and energy executives say the drop is accelerating further.
Natural Gas as Answer to Oil Decline Could Lead to Catastrophe, Says Leading Expert
Ploughing resources into the use of natural gas as an alternative energy supply could lead to global shortage within 20 years time, according to a leading energy expert.
Whats next for Peak Oil
Isn’t that a question, though….
The Peak Oil story was never about running out of oil. It was about the collapse of complex systems in a world economy faced by the prospect of no further oil-fueled growth. It was something of a shock to many that the first complex system to fail would be banking, but the process is obvious: no more growth means no more ability to pay interest on credit… end of story, as Tony Soprano used to say.
There was a popular theory among Peak Oilers the last decade that the world would enter a
ANALYSIS-Fears grow for US natural gas in Obama tax squeeze
Oil and gas executives and experts fear that President Barack Obama’s push for renewables could shrink U.S. output and drive drillers away from vast reserves of relatively clean-burning natural gas.
Obama’s budget proposal would remove tax breaks fo
Natural Gas Price Fall May Be Limited, ’Bullish’ Bernstein Says
Natural gas prices may be supported by delays to new natural gas supplies and a possible slowdown in U.S. onshore output, Sanford C. Bernstein & Co. said.
New Cartel Announces the End of Cheap Gas
We are familiar with OPEC and the effects they have had on the price of oil over the years. The OPEC nations meet on a regular basis to decide how much oil they will allow the rest of the world to have from their stores. They set quotas and limits on production in an attempt, they say, to keep the price steady at a level that is good for both consumers and the producers. We’ve seen how that works.
Putin: no more cheap gas
ussia’s Prime Minister Vladimir Putin said Tuesday that the world financial crisis and rising costs mean the price of natural gas is going to rise.
Officials say Liquified Natural Gas (LNG) imports to rise, but with risks
The surge in US gas production will be short-lived and won’t preclude the need for increased liquefied natural gas imports in the coming years, energy project developers and economists agreed December 4 in New Orleans.
