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Oklahoma swamped by surge in earthquakes near fracking

There have been more earthquakes strong enough to be felt in Oklahoma this year than in all of 2013, overwhelming state officials who are trying to determine if the temblors are linked to oil and natural gas production.  More »

‘Age of gas’ becomes a sideshow for US producers prizing oil

The “golden age of gas” that the International Energy Agency foresees as a result of the U.S. energy boom is hardly the future being embraced by industry executives.  More »

Hedge funds buy crude as US gasoline pump prices jump

U.S. refineries are processing the most oil since January as plants come out of seasonal maintenance, squeezing crude stockpiles for the first time in 11 weeks.  More »

Africa’s biggest investor touts new energy plan, including shale

The Public Investment Corp. plans to lead investment in energy projects in Africa by buying into South African shale gas projects and helping to fund what could be the world’s biggest power generation complex in Democratic Republic of Congo.  More »

Shale gas boom leaves wind companies seeking more subsidy

Wind power in the U.S. is on a respirator. The $14 billion industry is reeling from a double blow — cheap natural gas unleashed by the hydraulic fracturing revolution and the death last year of federal subsidies that made wind the most competitive of all renewable energy sources in the U.S.  More »

US oil exports boil down to industry profit

When Big Oil began preparing last year to challenge the decades-old rules against exporting U.S. crude, the debate seemed fanciful.  More »

As Russia stumbles, Gazprom comes up $910B short

In 2007, Gazprom aspired to be the world’s largest company, with an executive predicting its market value would quadruple to $1 trillion in as little as seven years. He was off by $910 billion.  More »

Gazprom stops courting US investors after Crimea crisis

The shift shows how the worst crisis in Russian relations with the U.S. and Europe since the Cold War is feeding into financial and economic relationships.  More »

Report: Bakken oil output to soar as spending hits $15B

Oil production in North Dakota and Montana’s Bakken and Three Forks formations will average 1.1 million barrels per day this year, according to estimates announced Wednesday by a research firm.  More »

Old math casts doubt on accuracy of oil reserve estimates

Billions of barrels of untapped shale oil in the U.S. are counted by companies relying on limited drilling history that exaggerate future production, casting doubt on how close the U.S. is to energy independence.  More »

Foreign frackers now find comfort in water-hungry Spain

A few years ago, fracking in Spain seemed as likely as bullfighting in Britain. But these days, energy companies from Texas, Canada and Ireland are trying to capitalize on geology that indicates Spain has sizable shale reserves.  More »

US gasoline prices reach six-month high as ethanol climbs

U.S. consumers are paying the most in six months for gasoline because of declining supplies and rising costs for the ethanol added to the fuel. And prices probably will keep climbing.  More »
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