Energy & Fuel

Dot Earth's Andrew C. Revkin summarized it best in his account of President Obama's Keystone XL pipeline decision: "How did oil markets react? Zz.z.zz."

"When it comes to the fate of the 1,700-mile Keystone XL pipeline, proponents and foes agree that the fight did not end with President Obama’s decision Wednesday to reject the pipeline’s permit application. The question is how the battle will be waged in the months to come."

"DETROIT — Writing new regulations that will require cars and trucks to have significantly higher fuel economy by 2025 prompted years of fighting among automakers, environmentalists, regulators and consumer groups. But now that the standards have been proposed, nearly everyone involved in the process is on board with the results, as a public hearing held Tuesday in Detroit showed."

"There's a solar trade war going on inside the U.S., sparked by an invasion of inexpensive imports from China. The U.S. solar industry is divided over these imports: Panel-makers say their business is suffering and want a tariff slapped on the imports. But other parts of the industry say these cheap panels are driving a solar boom in the U.S."

"President Obama, denouncing a 'rushed and arbitrary deadline' set by congressional Republicans, announced Wednesday that he was rejecting a Canadian firm's application for a permit to build and operate the Keystone XL pipeline, a massive project that would have stretched from Canada's oil sands to refineries in Texas.

"Shale gas has transformed the U.S. energy landscape in the past several years—but it may crowd out renewable energy and other ways of cutting greenhouse gas (GHG) emissions, a new study warns."

"New York's emerging plan to regulate natural gas drilling in the gas-rich Marcellus Shale needs to go further to safeguard drinking water, environmentally sensitive areas and gas industry workers, the U.S. Environmental Protection Agency has informed state officials. The EPA's comments, in a series of letters [1] this week to the state's Department of Environmental Conservation, are significant because they suggest the agency will be watching closely as states in the Northeast and Midwest embrace new drilling technologies to tap vast reserves of shale gas."

"An offshore rig exploring possible oil and gas fields off Nigeria's coast for Chevron caught fire Monday, and the oil company said officials were still trying to account for all those working there."

"Chevron said two workers were missing and 152 others found, but gave no further detail on the missing persons.

The company said it was still investigating the fire, which occurred near its North Apoi oil platform, and which forced it to shut down."
     

"U.S. Enrichment Corp., which produces fuel for nuclear power plants, is having its own sort of meltdown. Disillusioned investors have wiped out 95 percent of the company’s market value since 2007. Standard & Poor’s has saddled it with a dismal CCC-plus credit rating.

"Starting Feb. 1, drilling operators in Texas will have to report many of the chemicals used in the process known as hydraulic fracturing. Environmentalists and landowners are looking forward to learning what acids, hydroxides and other materials have gone into a given well."