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Global Crude Oil Prices

Posted by [email protected] on May 2, 2015 at 7:15 AM Comments comments (0)


North Sea Brent crude oil spot prices decreased by $2/bbl in March to a monthly average of $56/bbl. This decrease followed a $10/bbl increase in February, the first increase in eight months. Several factors put upward pressure on Brent prices in February, including news of falling U.S. crude oil rig counts and announced reductions in capital expenditures by major oil companies. This upward price pressure abated in M...

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'Fracking' in the Dark: Biological Fallout of Shale-Gas Production Still Largely Unknown

Posted by [email protected] on May 2, 2015 at 1:25 AM Comments comments (1)

In the United States, natural-gas production from shale rock has increased by more than 700 percent since 2007. Yet scientists still do not fully understand the industry's effects on nature and wildlife, according to a report in the journal Frontiers in Ecology and the Environment.

 

As gas extraction continues to vastly outpace scientific examination, a team of eight conservation biologists from various organizations and institutions, including Princeton University, conclude...

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What is shale gas?

Posted by [email protected] on May 2, 2015 at 1:20 AM Comments comments (0)

Shale Gas is natural gas that is present in shale rocks. Throughout the world, different types of sedimentary rock contain natural gas deposits, for example sandstones, limestones or shales. Sandstone rocks often have high permeability, which means that the tiny pores within the rock are well connected and gas can flow easily through the rock. In contrast, shale rocks usually have very low permeability, making gas production more complex and costly.

 

 

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