Houston Chronicle (July 15)
“The $3.5 trillion budget proposed by top Democrats represents the biggest move yet by President Joe Biden to attack climate change, including provisions such as clean energy standards for power grids, fees on methane emissions from oil and gas drilling, and increased incentives for electric cars.” If enacted, the legislation, “would set in motion a historic shift from fossil fuels and deliver a blow to the oil and gas producing regions across Texas, which have powered the nation’s economy for a century.”
Tags: $3.5 trillion, Biden, Clean energy, Climate change, Democrats, Drilling, Emissions, EVs, Fees, Fossil fuels, Gas, Historic, Methane, Oil, Power grids, Shift, Texas
The Economist (July 4)
“Shale matters. The industry has become huge—listed firms have invested over half a trillion dollars of capital…. Shale firms owe almost as much debt as Greece. After drilling beneath much of Texas and North Dakota, they account for 5% of global oil output. The health of shale firms affects people around the world, from Western drivers and Saudi Arabia’s sheikhs to Asia’s consumers.”
Tags: Asia, Capital, Consumers, Debt, Drilling, Greece, North Dakota, Oil, Output, Saudi Arabia, Shale, Texas
Wall Street Journal (May 21, 2013)
“Today the U.S. is the world’s largest gas producer and amid the hydraulic fracturing and horizontal drilling boom could become a global supplier.” Recent approvals have allowed some exports to proceed. “Regulatory indecision,” however, has created a backlog of export proposals, some involving Japanese firms, awaiting approval. “Such deals will wither if regulatory uncertainty grows.”
Tags: Boom, Drilling, Gas producer, Hydraulic fracturing, Japan, Regulatory indecision, U.S., Uncertainty
