follow us Twitter Facebook
OKLAHOMA INDEPENDENT PETROLEUM ASSOCIATION ABOUT | CONTACT
OIPA News
<< Back to News

Oil and Gas Roundup — Jan. 21

January 15, 2015
TOPICS: In the news
A roundup of oil and natural gas industry news from around the state, nation and world:

President Obama on the benefits of shale development: Top five quotes

Energy In Depth provides a look at President Obama's top five statements touting the importance of abundant, affordable energy — made possible by hydraulic fracturing.

Read more: http://energyindepth.org/wp-content/uploads/2015/01/President-Obama-on-the-Benefits-of-American-Shale-Development-Top-Five-Quotes-2.pdf


Obama claims credit for energy renaissance, oil and gas leaders say

WASHINGTON — President Barack Obama made a forceful call for action against climate change on Tuesday, as he derided lawmakers skeptical of the phenomenon and delivered a thinly veiled critique of the GOP-controlled Congress’ focus on the Keystone XL pipeline.

“No challenge — no challenge — poses a greater threat to future generations than climate change,” Obama said in his penultimate State of the Union address to a joint session of Congress.

Obama chided lawmakers who have been skeptical of climate change or humanity’s role in it — including those who have avoided taking a position by insisting they are not scientists.

“I’ve heard some folks try to dodge the evidence by saying they’re not scientists; that we don’t have enough information to act,” Obama said. “Well, I’m not a scientist, either. But you know what? I know a lot of really good scientists at NASA and NOAA and at our major universities. The best scientists in the world are all telling us that our activities are changing the climate, and if we do not act forcefully, we’ll continue to see rising oceans, longer, hotter heat waves, dangerous droughts and floods and massive disruptions that can trigger greater migration, conflict, and hunger around the globe.”

Obama avoided specifically citing regulations aimed at curbing greenhouse gas emissions, including the Environmental Protection Agency’s proposal for power plants and a newly announced plan for cracking down on methane leaking from oil and gas infrastructure.

Read more: http://fuelfix.com/blog/2015/01/20/obama-talks-tough-on-climate-change-keystone-xl/


Opinion: The myth of the methane menace

Last week the Environmental Protection Agency (EPA) announced major new regulations on the emissions of methane into the air from oil and gas production. It calls methane a “potent” pollutant and its new rules would require a 45 percent reduction by 2025 from 2012 levels. Most Americans support these new rules, according to polling from environmental groups. This isn’t surprising. Methane sounds like a dirty and dangerous pollutant and even deadly if leaked into water or the air.

However, methane is just another term for the main component of natural gas. Drillers have a powerful motive to stop leakage on their own, because they want to sell it, not spill it.

How much of a menace is methane from the oil and gas industry? The amount of leakage into the atmosphere is minuscule, says Dan Kish of the Energy Research Institute. “Cows emit more methane when they pass gas than the natural gas industry,” he notes. Look for the EPA to start regulating cattle.

Green groups such as the Environmental Defense Fund warn that emissions will increase through 2018 and have been claiming that drillers spew more methane into the atmosphere than ever before, that it is “84 times more potent” a pollutant than carbon dioxide, and new regulations are overdue.

Actually, these claims are blatantly false.

Read more: http://www.washingtontimes.com/news/2015/jan/18/stephen-moore-the-myth-of-the-methane-menace/#ixzz3PTV85Yjt


Keystone marathon begins in Senate

The Senate on Tuesday began what is expected to be a weeks-long debate over the Keystone XL pipeline by holding a trio of amendment votes.

Out of the three amendments proposed, only one — Republican Sen. Rob Portman's (Ohio) trimmed down version of an energy efficiency bill — passed, in a 95-4 vote.

Two other amendments proposed by Democrats — one that would have banned the export of oil shipped through the Canada-to-Texas pipeline and another that would have required the project be built with U.S. steel — were killed by the Senate.

Sen. Ed Markey (D-Mass.) slammed Republicans, claiming they "blocked" his amendment on oil exports and used a procedural move to “table” the amendment and halt debate.

Republicans shot back that a motion to table simply means the Senate as a whole doesn't think the amendment should get a vote.

Read more: http://thehill.com/policy/energy-environment/230110-keystone-marathon-begins-in-senate


Oklahoma rig count down by 5

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. tumbled by 74 this week to 1,676.

The Houston firm said Friday in its weekly report 1,366 rigs were exploring for oil and 310 for gas. A year ago 1,777 rigs were active.

Of the major oil- and gas-producing states, Texas' count dove by 44, North Dakota dropped six, Oklahoma fell five, California and Wyoming each lost four and New Mexico declined by three. Arkansas, Kansas and West Virginia were down two each and Colorado, Louisiana and Utah were off one apiece.

Ohio gained one rig. Alaska and Pennsylvania were unchanged.

The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.
 
<< Back to news


AD

Topic

AD