The lower gas prices Americans have been enjoying for the past several months were supposed to boost consumer spending and get the ball rolling on more robust economic growth. That didn’t happen, and a new survey has a revealing insight as to why.
A ruptured pipeline in Goleta leaked an estimated 21,000 gallons of crude oil Tuesday, some of which flowed into the ocean off Santa Barbara County, authorities said.
Shell Oil president Marvin Odum said: “These are potentially very large resources, but resources that would come online 10, 15, 20 years from now. So the current oil price is actually somewhat irrelevant. The size of the resource is what’s important.”
The state’s oil and gas agency has missed the deadline for reporting on the use of water by oil producers in California, saying that the large volume of information required could not be processed in time.
On top of economic losses of $14.5 billion, 4 million missed workdays, and $700 million in lost productivity each year, allergies make people (millions of them) feel miserable. And a new report out today says climate change could make pollen pack an even greater punch.
There’s plenty of oil in the Chukchi Sea, but accessing it—let alone cleaning it up if some of it spills—poses some serious logistical hurdles.
Upon learning that researchers of a recent study, which alleged a link between Marcellus Shale development and groundwater contamination, failed to disclose a significant conflict of interest, the Associated Press today responded by issuing a correction to its coverage.
The Obama administration had initially granted Shell a permit to begin offshore Arctic drilling in the summer of 2012. However, the company’s first forays into exploring the new waters were plagued with numerous safety and operational problems.
Hawaii is on the verge of being the first state in the U.S. to set a goal of generating all of its electricity from renewable energy sources.
The unexpected rise of the New Democratic Party, which was partly founded by labor unions, may have implications for Alberta’s oil sands, which, many critics say, enjoyed a light regulatory touch under Conservative governments.
