The future of the major international oil companies (IOCs) – BP, Chevron, ExxonMobil, Shell andTotal – is in doubt. The business model that sustained them during the 20th century is no longer fit for purpose. As a result, they are faced with the choice of managing a gentle decline by downsizing or risking a rapid collapse by trying to carry on business as usual.
Weak Bonding Rules for Oil and Gas Drilling Leave the Public at Risk.
Authors: Tony Dutzik, Benjamin Davis and Tom Van Heeke from Frontier Group and John Rumpler from Environment America Research & Policy Center - 2013
Author: David Buchan - July 2013.
Shale gas is a divisive issue in Europe because it highlights the growing tension between the EU’s energy and climate policies.
Authors: Lucija Muehlenbachs, Elisheba Spiller, Andrew Steck and Christopher Timminsy - February 15, 2015
September 2010, A report by Craig Michaels, Watershed Program Director, James L. Simpson, Senior Attorney and William Wegner, Staff Scientist
Homeowners, be aware! That fine print in your homeowner’s insurance policy could really matter if hydraulic fracturing damages your home sweet home. Fracking-related damage, insurance industry insiders say, is not covered under a standard homeowner’s insurance policy. Neither is damage caused by floods, earthquakes or earth movement, which insurers call exclusions.
A Market Approach to Regulating the Energy Revolution: Assurance Bonds, Insurance, and the Certain and Uncertain Risks of Hydraulic Fracturing by David A. Dana & Hannah J. Wiseman
In this paper we review the phenomena of hydro ‘‘fracking’’ operations for oil and gas in the United States. We provide background information on fracking, a summary of federal and state fracking disclosure and management regulations, and an evaluation of the potential surface and subsurface effects.
Report for European Commission DG Environment - AEA/R/ED57281 Issue Number 11 Date 28/05/2012
Exploration and production of natural gas and oil within Europe has in the past been mainly focused on conventional resources that are readily available and relatively easy to develop. This type of fuel is typically found in sandstone, siltstone and limestone reservoirs. Conventional extraction enables oil or gas to flow readily into boreholes.
As one of the least economically diverse states in the nation, West Virginia relies heavily on its natural resources for revenue. Funds from these resources fluctuate and, one day, will be gone. As the Marcellus “Gold Rush” comes to West Virginia, it is time for policymakers to consider establishing a permanent mineral trust fund in West Virginia, similar to what six other states have done.
On February 13, 2012 Executive Director Ted Boettner presented at the Annual Conference of the West Virginia Association of Counties on the benefits of an economic diversification fund in West Virginia. Such a fund would provide revenue for the state during times of economic slowdown which can especially hard-hitting to local and county governments and school systems.