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Fracking 2.0 Was a Financial Disaster, Will Fracki...

Two years ago, the U.S. fracking industry was trying to recover from the crash in the price of oil. Shale companies were promoting the idea that fracking was viable even at low oil prices (despite losing money when oil prices were high). At the time, no one was making money fracking with the business-as-usual approach, but then the Wall Street Journal published a story claiming all of this was about to change because the...

Report: Cabot pulls the plug on drilling explorato...

MANSFIELD – Cabot Oil and Gas is pulling the plug on drilling exploratory wells in Ashland and Richland counties, according to a recent company conference call and media reports. On Feb. 22, Cabot President and CEO Dan Dinges said during a fourth-quarter earnings call that the company incurred dry-hole costs resulting from unsuccessful drilling results in a second exploratory area. “As a result, we do not expect...

Researchers: Biofuels mandate may cause more harm ...

Jeff Wheeler – Star Tribune Hundreds of thousands of acres of grasslands and wild habitat in the Upper Midwest have been plowed up to plant corn and soybeans in the last decade because of demand created by the government’s ethanol mandate. Hundreds of thousands of acres of grasslands and wild habitat in the Upper Midwest have been plowed up to plant corn and soybeans in the past decade because of demand created by the...

Why glass recycling in the US is broken

Americans turn old bottles into new ones at much lower rates than people in other countries. A recent analysis explains why by Mitch Jacoby FEBRUARY 11, 2019 | APPEARED IN VOLUME 97, ISSUE 6 IN BRIEF Glass can be recycled endlessly by crushing, blending, and melting it together with sand and other starting materials. Doing so benefits manufacturers, the environment, and consumers. Yet each year only onethird of the roughly...

This Is the Green New Deal’s Biggest Problem

A Tesla in every driveway just won’t cut it. There might be no better monument to the limits of American environmentalism in the climate change era than a parking garage in Berkeley, California. It’s got “rooftop solar, electric-vehicle charging stations and dedicated spots for car-share vehicles, rainwater capture and water treatment features”—not to mention 720 parking spots. It cost nearly $40 million to build. At night,...

The Economic Case For The Green New Deal

Almost overnight, the idea of a Green New Deal has won over environmental activists and many lawmakers. An all-out national mobilization to decarbonize the economy has a natural appeal to those who see climate change as an immediate, existential threat. But others have doubts. Why can’t markets guide the transition from carbon? Do we really need an expansion of the public sector on the scale of the New Deal or World War II?...

Judge rules coal company can eliminate Kemmerer re...

Retired coal miners from Kemmerer likely lost their company health benefits Friday when a judge decided that Westmoreland Coal Co. could eliminate retirement health care and a union contract in order to sell the Kemmerer coal mine to a Virginia businessman. Judge David R. Jones of the U.S. Bankruptcy Court in Houston said he would not enter a final order on the matter until Tuesday, giving the United Mine Workers of America...

The Green New Deal Is What Realistic Environmental...

In the 21st century, environmental policy is economic policy. Opinion Everyone is lining up to endorse the Green New Deal — or to mock it. Kamala Harris, Cory Booker, Bernie Sanders, Elizabeth Warren and Kirsten Gillibrand have all endorsed the resolution sponsored by Representative Alexandria Ocasio-Cortez of New York and Senator Edward Markey of Massachusetts. Conservative critics predictably call it “a shocking document”...

Economics professor discovers concerning effects f...

Oil and gas “boomtowns,” such as Ohio’s Belmont County, may be bearing the costs of drilling without reaping all of its benefits, according to a newly published paper by Dr. Amanda Weinstein, assistant professor of economics at The University of Akron. Weinstein, along with coauthors Mark Partridge and Alexandra Tsvetkova from The Ohio State University, researched the flow of money in energy boomtowns...

Has U.S. shale oil entered a death spiral?

The bad news coming out of the shale oil fields of America could all be put down to slumping oil prices. That is certainly a big factor. But as investment professionals like to say, when the tide goes out, we all find out who’s been skinny-dipping. The pattern of negative news from shale country is not just related to price, however. Oil production, it seems, is being overstated industry-wide by 10 percent and 50 percent in...

German coal phase-out plan will shutter first 12.7...

Germany should shut down all of its coal-fired power plants by 2038 at the latest, a government-appointed commission said on Saturday, proposing at least 40 billion euros ($45.7 billion) in aid to regions affected by the phase-out. The roadmap proposals, a hard-won compromise reached early on Saturday after more than 20 hours of talks, must now be implemented by the German government and 16 regional states. They embody...

Global corporate renewable purchases hit 13.4GW in...

Fueled by a growing corporate appetite for clean energy, 121 companies around the world signed long-term deals for 13.4 GW of wind, solar and other renewables in 2018, smashing a prior record of 6.1 GW in 2017, BloombergNEF said in a report released Jan. 28. More than 60% of the newly contracted power, or 8.5 GW, is in the United States, where nearly three dozen first-time buyers expanded the non-utility market for...

Warning Signs Flash For U.S. Shale (2019)

The shale tidal wave may finally be starting to ebb. The largest oilfield services company in the world says that shale drilling activity is slowing, creating an uncertain outlook for 2019. The recent volatility in oil prices has created “less visibility and more uncertainty” on spending by shale companies in 2019, Schlumberger’s CEO Paal Kibsgaard said on an earnings call on January 18. Shale drillers are “generally taking...

A Green New Deal for Newark and Licking County: Cl...

What is the Green New Deal and what could it mean for Licking County?         Licking County Public Library 101 W Main St., Newark, OH 43055 Wednesday, January 23, 2019 6:00 – 7:30 pm Learn how this exciting proposal could help create high paying jobs for workers with many different skillsets improve transportation options protect our environment, agricultural lands, air, and water reduce income...

7 things to watch in 2019 as Trump goes to war wit...

Buckle up, folks, it’s going to be a long one. Next year will see a dramatic acceleration in environmental regulation rollbacks, as a number of Trump administration proposals gain traction and take effect, with fossil fuel restrictions, public health, and scientific studies all set to be impacted. There has already been an onslaught of environmental regulatory rollbacks so vast it can be hard to keep track of those...