November 26, 2014

TxDOT Ends Program That Converts Paved Roads to Gravel

Agency says truck traffic from the drilling boom was quickly wearing away roads and that it lacked the funding to fix them
By Aman Batheja, The Texas Tribune, October 24, 2014

Last year, TxDOT announced that it needed $10 Billion for last year and this year to repair damage to Continue reading

Shale Drillers Feast on Junk Debt to Stay on Treadmill

“It’s a perfect set-up for investors to lose a lot of money.  The model is unsustainable.”
By Asjylyn Loder, Bloomberg, April 30, 2014

Rice Energy Inc. (RICE), a natural gas producer with risky credit, raised $900 million in three days this month, $150 million more than it originally sought.… Continue reading

Chesapeake Energy’s $5 Billion Shuffle

The energy giant raised the cash it needed to survive by slashing royalties it paid property owners to drill on their land
By Abrahm Lustgarten, ProPublica, March 13, 2014

At the end of 2011, Chesapeake Energy, one of the nation’s biggest oil and gas companies, was teetering on the brink … Continue reading

Exxon CEO joins lawsuit against fracking infrastructure

MSNBC’s Chris Hayes interviews Josh Fox in a report on a lawsuit filed by Exxon Mobil Chairman and CEO Rex Tillerson, along with his neighbors in a wealthy suburb of Dallas, to keep fracking infrastructure out of his own backyard. Tillerson is on record as blaming opposition to natural gas … Continue reading

MA Has Double the Jobs in Clean Energy That PA Has in Natural Gas

A majority of companies say taxes and cost of living are not a barrier to doing business in the state
By Stephen Lacey, greentechmedia, September 19, 2013

Five years after signing one of the nation’s most progressive pieces of energy legislation into law, Massachusetts continues to see strong growth in … Continue reading

A Real Plan to Reduce US Carbon Emissions

CTC Tells Senate Finance Committee: Carbon Tax Beats Clean-Energy Subsidies, Hands Down
By Charles Komanoff, Carbon Tax Center, 1/31/14

The Carbon Tax Center told the U.S. Senate Finance Committee today that an economy-wide tax on the carbon content of coal, oil and gas will cut U.S. CO2 emissions more than … Continue reading

Cornell Faculty Senate Votes to Divest from Fossil Fuels

FOR IMMEDIATE RELEASE
December 11, 2013
Download this press release as a pdf

Note:  Just a few years ago Cornell University lit a fire storm of protest on its campus with a proposal to lease Cornell’s NY land holdings for drilling. The students and faculty fought that down and now Continue reading

State subsidies to gas industry could reach $1 billion over a decade

Who Pays the Cost of Fracking?

The report posted below should be of interest to the general public, which will bear the cost of the failures on the part of companies engaged in horizontal hydrofracking (fracking) to properly insure their projects against the possibility–ever present given the high-pressure environment and toxic chemicals, radioactive drill cuttings and … Continue reading

Coal Displacing Nat Gas…Already

By Deborah Lawrence Rogers

Posted on the Energy Policy Forum: 30 Oct 2013 10:28 AM PDT

In January, 2012, the price of nat gas plunged to below $2/mcf due to overproduction by shale operators. Such low prices did, indeed, prompt utilities to switch from coal fired generation to natural … Continue reading