oil

The Two-Way
10:09 am
Fri July 10, 2015

Forecast Says Oil Price Could Fall Amid Weak Demand

Stacked rigs are seen along with other idled oil drilling equipment at a depot in Dickinson, N.D., last month. The International Energy Agency forecasts a continued drop in oil prices amid overproduction and falling global demand.
Andrew Cullen Reuters/Landov

Originally published on Fri July 10, 2015 1:17 pm

Oil prices have further to fall before bottoming out amid a surge in production, mainly by OPEC nations, and a weakening of global demand, according to the International Energy Agency's latest forecast.

In the second quarter of 2015, the world's supply of oil was 96.39 million barrels a day, outstripping demand of 93.13 million barrels a day, according to the IEA's Oil Market Report, which described the world oil market as "massively oversupplied."

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Energy
5:52 pm
Sun June 28, 2015

An Oil Rig Arrives In Alaska, On Its Way To The Arctic

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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Energy
4:55 pm
Fri June 19, 2015

Proposed Oil Refinery Could Help Washington State Meet Clean Fuel Standards

Originally published on Fri June 19, 2015 8:13 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

US News
3:30 am
Fri June 19, 2015

Battle Over New Oil Train Standards Pits Safety Against Cost

Oil trains sit idle on the BNSF Railway's tracks in Chicago's Pilsen neighborhood.
David Schaper NPR

Originally published on Fri June 19, 2015 3:30 pm

The federal government's new rules aimed at preventing explosive oil train derailments are sparking a backlash from all sides.

The railroads, oil producers and shippers say some of the new safety requirements are unproven and too costly, yet some safety advocates and environmental groups say the regulations aren't strict enough and still leave too many people at risk.

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StateImpact Oklahoma
6:39 pm
Thu June 18, 2015

New Research Links Oklahoma’s Earthquake Surge to Oil and Gas Disposal Wells

Oil-field workers lining up a section of pipe at a disposal well plug-back operation in Grant County, Okla.
Joe Wertz / StateImpact Oklahoma

The vast majority of Oklahoma’s recent earthquakes occurred in areas where the energy industry pumped underground massive amounts of waste fluid byproducts of oil and gas production, scientists write in a new paper published Thursday.

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Economy
5:02 am
Thu June 11, 2015

America's Next Economic Boom Could Be Lying Underground

Pump jacks and wells work in an oil field on the Monterey Shale formation in California. Economist Michael Porter says that hydraulic fracturing, or fracking, is a "game changer" for the U.S. economy.
David McNew Getty Images

Originally published on Thu June 11, 2015 2:42 pm

There's a serious problem in the American economy: Big corporations are doing well, but real household income for average Americans has been falling over the past decade — down 9 percent, according to census data.

"That's not good for America," says Harvard economist Michael Porter. "That's not good for America's standard of living. That's not good for our ultimate vitality as a nation."

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StateImpact Oklahoma
6:12 pm
Thu May 28, 2015

Plug-Back or Prove It: Oklahoma’s Anti-Earthquake Orders in Action

Oil-field workers use sledgehammers to unstick a pipe at the George saltwater disposal well near Wakita in northwestern Oklahoma.
Joe Wertz / StateImpact Oklahoma

Two burly ben armed with sledgehammers take turns bashing a khaki-colored steel flange fastened to a pipe in the middle of a soggy, gravely lot near Wakita in northwestern Oklahoma.

The tangle of valves and fittings, called the Christmas tree, has to come off before Jay Storm’s crew can start their work in earnest.

“Everything is a little seized up this morning, so we’re having to manually try to get a couple different components separated by hand,” says Storm, completions supervisor for Tulsa-based Eagle Energy Exploration.

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1:04 pm
Wed May 27, 2015

Aubrey McClendon: Fracking's Cowboy Rides Again

Forbes reports on former Chesapeake CEO Aubrey McClendon and his new company after his ouster, and how he may already be in trouble.
America's wildest wildcatter, Aubrey McClendon, found new life - and new billions - after his spectacular plunge from the top of the oil game. Trouble has already come calling. In early 2013, during his last days as CEO of Chesapeake Energy , Aubrey McClendon was one busy guy.
3:33 pm
Sat May 23, 2015

Pickens: ‘They’re not even earthquakes’

Frontier reports on T. Boone Pickens' comments on the link between fracking and the increase in earthquakes in Oklahoma.
OKLAHOMA CITY - In the face of volumes of contrary evidence, billionaire oilman T. Boone Pickens said Friday that Oklahoma's increase in earthquakes isn't due to the energy industry, just to better monitoring.
Law
8:17 pm
Wed May 20, 2015

New Texas Law Makes Local Fracking Bans Illegal

Originally published on Fri May 22, 2015 3:08 pm

Legislation was signed by Republican Gov. Greg Abbott after the city of Denton voted to restrict fracking. Denton officials say oil companies should not wield more power than citizens.

Editor's Note: Sharon Wilson, an organizer interviewed in this story, began advocating for fracking reform in Denton in 2009 as an unpaid citizen leader. In 2011, she was hired as a full-time organizer by the environmental group Earthworks to continue her anti-fracking work in Denton.

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