Economy

Ohio Governor Becomes Shale Gas Cheerleader

The promise that shale natural gas holds to transform Ohio’s economy — and that of the nation — is too great to dismiss because of “misconceptions” about hydraulic fracturing (fracking), Gov. John Kasich said Thursday.

September 26, 2011

Pitt Study: One Marcellus Well Adds Millions to Economy

A single Marcellus Shale well in southwestern Pennsylvania directly adds $7.6 million to the economy, on average, according to a new study released Tuesday.

August 31, 2011

Think Tank Challenges Marcellus Economic Impact

A Pennsylvania think tank believes a recent study inflates the economic importance of the Marcellus Shale.

July 22, 2011

Pundit: More Energy Density, Less Political Denseness

The beat-down that U.S. natural gas prices have gotten from shale production is “perhaps the best possible news for the U.S. economy,” energy author and lecturer Robert Bryce told a Houston audience recently. The Manhattan Institute fellow predicted that over the next century, natural gas will continue to take more of the energy stage from coal and oil.

June 27, 2011

Pundit: More Energy Density, Less Political Denseness

The beat-down that U.S. natural gas prices have gotten from shale production is “perhaps the best possible news for the U.S. economy,” energy author and lecturer Robert Bryce told a Houston audience last week. The Manhattan Institute fellow predicted that over the next century, natural gas will continue to take more of the energy stage from coal and oil.

June 21, 2011

Traders See Further Gains; Forecast Warmth Prompts July Advance

July natural gas futures gained as traders noted a firm tone to the market as well as a supportive weather outlook. Negative news on the economy was shrugged off, and at the close July had gained 14.8 cents to $4.666 and August had risen 14.3 cents to $4.700. July crude oil surged $2.11 to $102.70/bbl.

June 1, 2011

Utah Sues Interior Over ‘Wild Lands’

Claiming that it will harm its economy and set a bad national policy, Utah filed a lawsuit in federal court at the end of April seeking to block an order by Interior Secretary Ken Salazar that created a “wild lands” designation on public lands. Salazar’s order (3310) was issued in late December.

May 16, 2011

Utah Sues Interior Secretary Over ‘Wild Lands’ Order

Claiming that it will harm its economy and set a bad national policy, Utah filed a lawsuit in federal court at the end of April seeking to block an order by Interior Secretary Ken Salazar that created a “wild lands” designation on public lands. Salazar’s order (3310) was issued in late December.

May 11, 2011

Federal Reserve: Energy Industry Gaining Strength

The national economy and the energy industry are both gathering strength overall and face an optimistic future in the near term despite some lingering uncertainties, according to a report released Wednesday by the Federal Reserve Board.

April 18, 2011

Ohio River Regulator Considering Water Resources Management

Marcellus Shale operators in Pennsylvania are familiar with the Delaware River Basin Commission (DRBC) and the Susquehanna River Basin Commission (SRBC), the interstate regulatory agencies that manage water resources in eastern and central Pennsylvania, but currently don’t have to deal with a similar organization in the western half of the state. However, that may soon change.

April 15, 2011
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