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Tag: shale oil

Fracking Protest 2014 (Brooke Anderson / Flickr)

EPA Clears Fracking for Next Stage of U.S. Oil Boom

The Environmental Protection Agency (EPA) released a long-postponed draft report Thursday on the impact of hydraulic fracturing (fracking). The regulators concluded that based upon “peer-reviewed studies as well as state and federal databases,” there is no evidence the practice has had a “widespread, systemic impact on drinking water.”

California Pumpjack (Joel Pollak / Breitbart News)

OPEC Concedes Defeat In Anti-Shale Oil War with U.S.

OPEC’s attempt to over-produce crude oil for export to crush prices and bankrupt the American shale-fracking oil boom has failed, according to a draft OPEC long-term strategy report seen by Reuters ahead of the cartel’s policy meeting in Vienna on June 1st.

Natural Gas Drilling

Study: Only 0.1 Percent of North Texas Injection Wells Potentially Involved in Earthquakes

According to a new study released on Wednesday, underground wastewater injection wells used in hydraulic fracturing, or “fracking,” have virtually no role whatsoever in the earthquakes in the North Texas area during the past few years. The study was conducted by a group affiliated with the petroleum industry, but used publicly available data on seismic activity in the region and a long list of independent peer-reviewed scientific research to reach this conclusion.

AP

GDP: 5 Percent

On Tuesday, the Commerce Department released revised GDP figures that showed third quarter growth at 5%, the strongest third-quarter growth in eleven years.