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Goldman Sachs Group Inc. said crude needs to drop to $40 a barrel to “re-balance” the market, while Societe Generale SA also reduced its price forecasts.
Liberty Natural Gas wants to build a deep-water port in federal waters 19 miles off Jones Beach, New York, and 29 miles off Long Branch, New Jersey. Its stated purpose is to bring additional natural gas into the New York area during times of peak demand, thereby lowering home-heating prices.
Scientists say New York’s available reserves of natural gas in the sprawling Marcellus Shale are minuscule compared to what can be extracted in other states such as Pennsylvania and West Virginia.
Earthquakes that shook an Ohio town last year are linked to hydraulic fracturing, according to a new study published by a scientific journal today.
The worker answered dozens of questions from Redditors on life as a roughneck and the feelings among workers as dropping crude prices threaten to halt drilling.
While environmental groups are doing a victory dance over New York’s decision to ban fracking, farmers such as apple grower David Johnson are grieving for dashed hopes and dreams.
A Nature article from early December questioning how long the North American natural gas boom could really last earned stinging letters this week from the EIA and University of Texas researchers.
Dr. Howard Zucker unveiled his findings as part of Gov. Andrew Cuomo’s cabinet meeting early Wednesday afternoon.
The U.S. Fish and Wildlife Service is expected to decide early next year whether to grant a petition by conservationists to list the bird as threatened or endangered.
As crude plunges to its lowest level in years, the economic impacts will depend on who you are and where you live.