In a recurring tug-of-war that the oil/natural gas industry has been fighting for years, shots were heard in recent days in California’s annual battle over whether to increase taxes on oil production.
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A strong majority of potential voters in four western states support government mandates for oil/natural gas operators to greatly cut amounts of flared wellhead associated gas, according to a recent survey completed for the nonprofit Western Values Project (WVP).
October natural gas is expected to open a penny lower Friday morning at $4.03 as forecasters tweak their outlooks to the cooler side. Overnight oil markets rose.
The latest estimates from several sources indicate that fossil fuel subsidies globally are growing, ranging from $523 billion to more than $1.9 trillion, according to a Worldwatch Institute research fellow. Subsidy levels have rebounded back to 2008 levels, according to Philipp Tagwerker.
Two public opinion polls, one in New York and one of voting-age residents across the nation, indicate that support for hydraulic fracturing (fracking) is slipping, with opposition to the practice reaching a high in one poll conducted in New York.
For the second time in six months, voters in the City of Youngstown, OH, will be asked to pass an amendment to the city’s charter that would ban hydraulic fracturing (fracking) and several other activities that support shale development.
President Obama is scheduled to make a two-day trip, stopping at communities in northern New York and northeastern Pennsylvania later this week, traversing two states that so far have taken very divergent paths over Marcellus Shale development.
The Western Reserve Land Conservancy (WRLC) is voicing support for Utica Shale development, including hydraulic fracturing (fracking), but it wants to see the industry, landowners and other stakeholders come to an agreement over developing the eastern Ohio portion of the play, the CEO said.
Advanced Power North America, a subsidiary of Switzerland’s Advanced Power AG, said it plans to build a 700 MW power plant fueled by natural gas in Carroll County, OH, an $800 million project in the heart of the Utica Shale.