natural gas

2:25pm

Mon October 22, 2012
Energy

Standard & Poor's: Marcellus transforming U.S. energy industry

According to a report issued last week by Standard & Poor's:

  • natural gas production in the Marcellus Shale will outpace production in the rest of the U.S. because of its proximity to Northeastern markets.
  • pipelines carrying natural gas from the West and Canada to cities in the Northeast will eventually be replaced by pipelines carrying gas in the opposite direction.
  • in about a year, when natural gas prices have risen to around $3.50, producers will return to the Marcellus first. The rate of return for "wet" gas produced in the Marcellus will be almost three-times higher than its closest competitor.

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12:30pm

Thu October 18, 2012
Winter Energy Prices

Winter energy bills will be up, especially if you use oil

License Some rights reserved by jasonwoodhead23 Creative Commons License

With a return to normal winter weather predicted, you can expect to see about $80 more on your five-months-of-winter heating bill than you did last season, despite lower natural gas prices. The exception will be New York customers heating their homes with oil who are now paying about three times more for that commodity than those burning natural gas.

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12:28pm

Mon October 8, 2012
Energy

USGS releases Utica Shale reserves estimate

A USGS map of the Utica Shale, the red shows areas with natural gas reserves, the green shows oil reserves.
USGS

The U.S. Geological Survey released its first reserves estimate for the Utica Shale last week.

The federal agency estimates that the Utica holds about 38 trillion cubic feet of recoverable gas and 940 million barrels of oil.

According to the USGS press release:

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4:08pm

Wed September 19, 2012
Energy

Decision on natural gas exports delayed

Among the arguments against hydrofracking in New York State and across the U.S. is that drillers will be taking the gas from New York and elsewhere and exporting it to countries like China and India, throwing a giant wrench in the argument that fracking is the path to energy independence.

But it's not clear that much gas will be exported.

Department of Energy approval is required before gas can be sent to countries where the U.S. does not have a free trade agreement. With the price of natural gas at around $3.00 in the U.S., the debate is raging over whether gas companies should be able to export their product.

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10:18am

Sun September 16, 2012
Special Investigation

Southern Tier communities at the crossroads

The economy in Deposit has relied on natural resources since its founding more than 200 years ago.
Matt Richmond WSKG

You can hear the full version of the documentary "Deposit at the Crossroads"  here or download the audio for personal or research purposes from our soundcloud page.* 

All signs point to fracking coming to New York eventually, and when it comes, it'll start in the Southern Tier. That's what we've gotten from Albany so far.

The big open question is when.

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