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New York Assembly Overwhelmingly Passes Fracking Moratorium

2014-06-17 15:26:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: New York`s general assembly passed a moratorium on fracking Monday with a sensible question in mind--why rush? "We have heard from thousands of residents across the state about many issues associated with hydrofracking, and prudent leadership demands that we take our time to address all these concerns," said New York Assembly Speaker Sheldon Silver. "We do not need to rush into this. The natural gas deposits within the Marcellus Shale are not going to go anywhere." The assembly passed a three-year...

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Is the fracking revolution overhyped?

2014-06-16 08:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Daily Ticker: The nation's booming natural gas industry has transformed the U.S. energy landscape. Yet Dan Dicker, author of Oil's Endless Bid and a long-time oil trader, argues the U.S. shale revolution has been "overhyped." He tells The Daily Ticker that hydraulic fracturing (or fracking) of shale rock has increased U.S. energy production by 3.5 million barrels a day -- a significant increase from previous years but not nearly enough to keep up with global demand. "What has happened in the shale revolution...

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Home energy checks 'to cut fracking'

2014-06-15 13:53:46| BBC News | Business | UK Edition

The union Unison is proposing an energy review for households which it says will save money and reduce the need for fracking.

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New natural gas pipeline to NC could dampen interest in fracking

2014-06-14 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Charlotte Observer: North Carolina could soon be deluged with cheap and abundant natural gas from the Marcellus Shale through a major pipeline expansion that could dampen urgency to incubate a home-grown fracking industry. Proposals to build a new interstate transmission line by late 2018 could double the volume of natural gas flowing into North Carolina from gas-producing regions. Duke Energy's natural gas-burning power plants would be the primary customers; but the fuel would also be available for local industrial...

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Fracking and Chinas Energy Revolution

2014-06-13 02:49:00| Climate Ark Climate Change & Global Warming Newsfeed

China Digital Times: China`s massive energy demands are expected to keep growing as its oil fields continue drying up, and some estimations have 79% of the country`s oil coming from abroad by 2030. After an exceptionally smoggy year, central authorities have declared "war against pollution" and promised a gradual weaning away from coal-fired power. Amid all this and as global debate around the controversial practice of hydraulic fracturing, or "fracking" rages on, China`s massive shale gas reserves are becoming an increasingly...

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