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Wood Mackenzie: Marcellus could hold another $90 b...

The Marcellus Shale is currently the “largest shale gas play in the world,” and a study from Wood Mackenzie predicts that growth won’t stop any time soon because the formation holds more than $90 billion in remaining value. “Although rig counts have fallen across the Marcellus since early 2012, we can see that improved efficiency and a renewed focus on the play’s core sub-plays have led to ongoing growth,”...

Climate change policies pay for themselves, study ...

An MIT climate change study released Sunday indicates the cost of slashing coal-fired carbon emissions would be offset by reduced spending on public health. The EPA-funded study examined climate change policies similar to those proposed by the Obama administration in June. Washington — President Obama’s controversial plan to phase out coal and slash carbon emissions is an expensive one. But a new study suggests it could...

Protest dismissed, but no drilling in Wayne Forest...

The U.S. Department of the Interior has dismissed a protest against oil and gas drilling in the Wayne National Forrest but also has decided against allowing any such drilling. In 2011, five parcels within the Wayne were listed in a Competitive Lease Sale Notice, drawing 34 letters of protest against the inclusion of this land in lease sales for potential drilling. A month later in 2011, the U.S. Forest Service asked the...

AEP appeals ruling on compensation for net meterin...

American Electric Power Company Inc. is appealing to the Ohio Supreme Court a case that could ultimately decide how much compensation net meter users receive. The Columbus-based company (NYSE:AEP) last week appealed a decision by the Public Utilities Commission of Ohio that “confirmed that net-metering customers are entitled to the full value of the electricity they feed back into the grid from renewable energy and other...

Despite 2013 Challenges, U.S. Wind Power Reaches A...

The U.S. Department of Energy (DOE) and its Lawrence Berkeley National Laboratory have released a new report detailing a mixed bag of trends seen in the U.S. wind industry last year. According to the 2013 Wind Technologies Market Report, new U.S. wind installations essentially halted last year, again underscoring the importance of policy certainty. Nonetheless, the DOE maintains that the U.S. wind industry remains strong,...

Fracking Is Already Straining U.S. Water Supplies

As the level of hydraulic fracturing of oil and gas wells in the United States has intensified in recent years, much of the mounting public concern has centered on fears that underground water supplies could be contaminated with the toxic chemicals used in the well-stimulation technique that cracks rock formations and releases trapped oil and gas. But in some parts of the country, worries are also growing about fracking’s...

World’s Largest Ice Sheets Melting At Fastes...

Greenland and Antarctica are home to the two largest ice sheets in the world, and a new report released Wednesday says that they are contributing to sea level rise twice as much as they were just five years ago. Using the European Space Agency’s CryoSat 2 satellite, the Alfred Wegener Institute from Germany has found that western Antarctica and Greenland are losing massive amounts of ice. “Combined, the two ice...

Kansas oil producers, politicians push for Republi...

Kansas oil producers and the state’s congressional delegation found common cause Monday on efforts to flip the U.S. Senate from Democratic to Republican control. In speeches to the Kansas Independent Oil and Gas Association, the four Congress members emphasized that complete Republican control of government is key to the oil producers getting what they want in terms of lower taxes and lighter regulations for their...