The Environmental Protection Agency announced new rules Wednesday to control the problem of air pollution coming from wells being drilled by the booming oil and natural gas drilling industry.
Currently, waste products from the drilling operations, which include a mix of chemicals, sand and water, can be pumped into open enclosures or pits, where toxic substances can make their way into the air. The new rules will require this fluid to be captured by 2015, and flared — or burned off — in the meantime.
The rising cost of oil isn't just a hit to the family budget. Businesses are hurt, too. Few are more affected than firms like FedEx. It deploys nearly 700 planes and tens of thousands of trucks and vans every day to deliver packages around the world. And few business leaders are more focused on finding alternatives to petroleum-based fuels than FedEx CEO Fred Smith.
Shortly after Smith founded Federal Express, the 1973 Arab oil embargo almost killed it. The experience imprinted Smith with a keen interest in the price and availability of oil.
A house bill that would consider giving the Public Utilities Commission authority to force PSNH to sell its power plants to open up market competition is getting vocal opposition from business leaders and mayors in the state.
Berlin Mayor Paul Grenier says the move will raise electric rates and scare businesses away from his community.
Shell Oil plans to explore for petroleum off Alaska's north coast this summer. The native people of Alaska have a big stake in both oil revenue and environmental protection. That conflict has played out in recent trips by Inupiats to Washington, D.C., to argue their case.
Rising gas prices have again shifted the political debate between those calling for more drilling to meet America's fossil fuel dependency and those advocating for investment in alternative energy sources. Many environmentalists are convinced that we are nearing the day when fossil fuels are tapped out, or too expensive or too harmful to extract.
The temperature isn't the only thing that seems to be rising lately in the Granite State, so are gas prices. The cost of a gallon has gone up by about 20 cents in the last month and it shows no signs of slowing down. Some are predicting that by the summer we may be paying upwards of 5 dollars for a gallon of gas. Global energy markets blame harsh weather in Europe, tensions with Iran and a cutback in exports from such countries as Syria, Yemen and South Sudan. Some suggest that higher gas prices may not only affect the average driver's wallet, but upcoming political races as well, as we
Shell Oil Co. has chosen a site near Pittsburgh for a major, multibillion-dollar petrochemical refinery that could provide a huge economic boost to the region.
Dan Carlson, Shell's general manager of new business development, said Thursday that the company signed a land option agreement with Horsehead Corp. to evaluate a site near Monaca, about 35 miles northwest of Pittsburgh.
Gasoline prices have risen about 50 cents a gallon since January. The national average for regular gas stands at just above $3.80 per gallon.
Pity the drivers on the West Coast. Prices there have been much higher. At a Chevron station in Culver City, Calif., the price on Tuesday was $4.45 a gallon.
"I do building maintenance," Ursula Matthews said as she filled her tank. "I do a lot of driving from place to place. It's hurting me. I cannot raise the prices [of my services] with the economy what it is."
Anti-Nuclear groups are angered by a decision of the Nuclear Regulatory Commission to exclude them from the re-licensing process for the Seabrook Nuclear Plant.
A number of groups filed for intervener status so that they could file objections to the plant's extension of its operation to 2050. The coalition of environmental organizations planned to argue that renewable energy resources, such as wind power, could ultimately replace nuclear power. But the NRC ruled that their argument lacked merit, because that replacement power isn't available now.
Airplanes use a lot of energy to get from place to place, but they also create a lot of it - especially, say, when they're slowing down and landing. Engineers at the University of Lincoln are looking at how to harness that energy so airplanes can power themselves.
Economists say many industries are looking up this year. But perhaps none has a better outlook than the energy sector.
New drilling technologies and rising fuel prices have generated a boom in drilling — and lots of high-paying jobs for people with the skills to work in the oil patch. On some college campuses, companies are so eager to find petroleum engineers that they are offering jobs to students even before they have graduated.