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Decision by California panel leaves coastal land untouched
NEWPORT BEACH, Calif. — A long-awaited vote by a California panel will leave a vast, valuable stretch of oil land overlooking the Pacific Ocean virtually untouched for now and without an immediate plan to develop or preserve it.The decision late Wednesday by the California Coastal Commission to deny a proposal to build nearly 900 homes means the 401 acres in Orange County will remain covered with a patchwork of oil wells and coastal shrubs that shelter rare wildlife coveted by residents who yearn for more open space.
-1 points by Boston Herald | Petroleum Orange County California California Petroleum industry Building
Colorado Editorial Roundup
The Denver Post, Sept. 1, on funding Colorado Parks and Wildlife: Colorado's wildlife agency needs $20 million to fix 10 "high-hazard" dams, part of a shortfall that will grow unless the state Legislature acts. But the proposed solution, raising hunting and fishing license fees for state residents 100 percent over ...
-1 points by The Washington Times | Democracy Voting Price of petroleum Colorado Colorado municipalities Petroleum Petroleum industry Elections
Mafia, guns and clans: the big Libyan oil heist
Libya’s oil production problems extend far beyond whether the forces of Tripoli or Benghazi secure ultimate control over the country: Clan-based militias are running their own smuggling operations, and their mafia reach is said to extend as far as the Coast Guard - and even into Europe. Read Full Article at RT.com
1504 points by Russia Today | Petroleum Tripoli Libya Human trafficking Smuggling Mafia Mediterranean Sea Petroleum industry
Robots are taking over oil rigs as roughnecks become expendable
As the global oil industry begins to climb out of a collapse that took 440,000 jobs, anywhere from a third to half may never come back. A combination of more efficient drilling rigs and increased automation is reducing the need for field hands.
102 points by The Denver Post | Petroleum Drilling rig Oil field Petroleum industry Oil well Automation Natural gas Donald Trump
Obama admin nixes Arctic drilling in final plan
The Obama administration has announced its five-year plan for new oil and gas drilling leases in the Outer Continental Shelf. In a reversal of previous proposals, the final plan does not include drilling rights in the Arctic. Read Full Article at RT.com
424 points by Russia Today | Arctic Ocean Atlantic Ocean Canada Petroleum Natural gas Continental shelf American Petroleum Institute Petroleum industry
On its way out, Obama administration moves to slam door shut on Arctic drilling
The Obama administration on Friday banned offshore drilling in the Arctic, setting a likely collision course with President-elect Donald Trump, who has vowed to "unleash" new energy production in the United States by rolling back restrictions on oil and gas companies. The move by the Interior Department,...
34 points by Chicago Tribune | Petroleum Petroleum industry Peak oil Natural gas Arctic Ocean Canada Oil reserves Alaska
How Iran and Russia are locking step on oil
Daniel J. GraeberTEHRAN, Nov. 18 (UPI) -- A Russian delegation visiting Tehran on Friday signed a handful of agreements to work with an Iranian oil company, a managing director said.
7 points by UPI | United Press International Petroleum National Iranian Oil Company William Randolph Hearst Petroleum industry International News Service Iran News World Communications
Vast field of recoverable oil, natural gas found in Texas
DALLAS — A vast field of shale rock in West Texas could yield 20 billion barrels of oil, making it the largest source of shale oil the U.S. Geological Survey has ever assessed, agency officials said.
-1 points by Pittsburgh Post-Gazette | Petroleum Natural gas Standing Rock Indian Reservation Geology Oil well Pipeline transport Peak oil Petroleum industry
Closure of Midwest School leaves community without its heart
MIDWEST, Wyo. (AP) - It's noon, and the bell isn't ringing. The wind whistles across roofs, and dogs sporadically bark into the gray sky, but this central Wyoming oil town of 400 is mostly quiet. The school bell should be announcing lunch, but the children are gone, and so the ...
4 points by The Washington Times | Petroleum Casper Wyoming Oil well Petroleum industry Natrona County Wyoming Oil field Carbon dioxide Benzene
Venezuela Crises Compound as Oil Industry Falls Into Disarray
Oil accounts for half the government’s revenues, but profits have evaporated amid a drop in global prices, forcing Venezuela to seek help from a nemesis: the United States.
7294 points by The New York Times | Petroleum Venezuela Petroleum industry Oil well Oil field Light crude oil Peak oil United States
Gasoline below $2 at some Greater CLE stations today, average is $2.04
Gasoline prices resumed their September decline today after a brief price increase last week driven by profit-taking oil traders reacting to a temporary decline in oil stockpiles. CLEVELAND -- Gasoline prices have begun falling again this Monday morning after a brief increase at the end of last week when oil prices quickly increased following  reports that U.S. oil stockpiles were down. The average price of a gallon of gas in Cleveland this morning is $2.04, according to the AAA's Fuel Gauge and to GasBuddy.com. That's about 6 cents lower than the week-ago Labor Day price. But not all stations are posting average prices. There are many Greater Cleveland stations posting prices between $1.80 and $1.85 a gallon, GasBuddy's consumer members are reporting. And there are stations still posting prices between $2.19 and $2.29 a gallon, according to GasBuddy, some so high that they do not even reflect week-ago wholesale prices. The average state-wide price today is between $2.06 and $2.07 a gallon, which is nearly 8 cents lower than Labor Day average prices. The highest average prices are in Cincinnati, and range between $2.22 and $2.24 a gallon. The lowest average price in the state today is Canton's average price of $1.95, the AAA reports. The national average price is $2.18 a gallon. Gasoline prices typically begin falling after Labor Day as demand diminishes and refineries begin switching to cheaper winter-grade fuels as fall arrives. Disruptions in the supply of oil or gasoline can disrupt that trend. Both the oil industry's American Petroleum Institute and the U.S. Energy Information Administration reported a significant drop in U.S. oil reserves last week, reflecting the impact of Hurricane Hermine on Gulf of Mexico oil rigs and oil tankers. The downturn kicked off a day and a half of speculation in oil markets that briefly drove up prices of the best grades of U.S. oil to about $48 a barrel on Thursday.  That in turn prompted some wholesalers to push gasoline prices up about a nickle a gallon.  Oil prices this morning have been moving between a low of  $44.72 and a high of $46.26, according to Market Watch. The late morning price was $46.24 a barrel. Analysts expect oil prices to be "choppy" in the coming weeks as traders wait for the outcome of informal talks among OPEC nations to curb production in order to drive up global prices. The current thinking is that OPEC will not be able to agree on a deal. Meanwhile, the count of U.S. rigs drilling for oil rose last week by 7 to a total of 414, according Baker Hughes, an oil field service company.  Six of the 7 rigs were reported as drilling horizontal wells in shale.  It was the second consecutive week of increases.  
-1 points by The Plain Dealer | Petroleum Petroleum industry Drilling rig Oil field OPEC Oil well Natural gas Saudi Arabia
Coastal land in Southern California to remain untouched, for now
A long-awaited vote by a California panel will leave a valuable, 401-acre stretch of oil land overlooking the Pacific Ocean virtually untouched and without an immediate plan to develop or preserve it.
1 points by Las Vegas Review-Journal | Petroleum Fairy shrimp Orange County California California Petroleum industry
How ordinary folks waged battle against money and power at Newport Banning Ranch
The odds were not on the side of citizens who wanted to save 401 acres of coastal Orange County land from being turned into a small city with more than a thousand homes, a resort, commercial properties and open space. They were up against Big Oil and real estate companies with clout, pockets as...
689 points by Los Angeles Times | Bolsa Chica Ecological Reserve Petroleum Petroleum industry Orange County California Oil well Pacific Ocean