
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.”
by Chriss W. Street5 Jun 2015, 12:01 AM PST0

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.
by Chriss W. Street28 May 2015, 2:48 PM PST0

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.
by Sarah Rumpf11 Mar 2015, 6:54 AM PST0

Iranian President Hassan Rouhani said on Tuesday that nations responsible for the downward spiral of oil prices will suffer.
by Wynton Hall13 Jan 2015, 7:42 AM PST0

On Tuesday, the Commerce Department released revised GDP figures that showed third quarter growth at 5%, the strongest third-quarter growth in eleven years.
by Wynton Hall23 Dec 2014, 8:03 AM PST0

With fracking and shale oil production putting increasing pressure on OPEC, Saudi Oil Minister Ali al-Naimi issued bold and startling remarks to the Middle East Economic Survey, announcing OPEC is prepared to let oil prices fall to $20 a barrel.
by Wynton Hall23 Dec 2014, 7:16 AM PST0