Energy

Mose Buchele / NPR StateImpact

Declining demand in China-as well as fear over that country's economiy-has sent the price of oil dropping to new six-year lows today, sitting at just over $38 a barrel of West Texas Intermediate. 

After Fracking Ban, Denton Residents Ponder Next Steps

Jun 3, 2015
Courtesy: Brandi Korte / Frack Free Denton

DENTON – Frustrated and grasping for options that weren’t apparent, Denton residents flooded a city council meeting Tuesday night to assess where things stand after state lawmakers smacked down an ordinance voters passed last fall to ban hydraulic fracturing within city limits. 

The key question before the council: Should it remove the now-toothless ordinance from its books to stave off further legal trouble, or keep it to strike a symbolic blow for local control on the off chance that the law will prove useful again some day? 

“We find ourselves today at a melancholy crossroads,” said Adam Briggle, a North Texas University philosophy professor and one of six advocates arrested since Monday for trying to prevent a gas company from resuming fracking operations. “It is certainly disheartening, and it’s confusing.” 

Environmental Protection Agency

AUSTIN — Cities and counties statewide could no longer prohibit hydraulic fracturing under a sweeping, oil and gas industry-backed bill that has cleared the Texas Legislature.

The proposal was easily approved by the Senate on Monday after passing the House last month. It now heads to Republican Gov. Greg Abbott’s desk for signature into law.

Legislators moved quickly after Denton, a university town near Dallas, voted in November to impose a local fracking ban amid environmental and safety concerns. That ordinance is now being challenged in court. Conservatives say the new restrictions are needed to prevent a patchwork of drilling laws across Texas.

But the issue has been among the most contentious in Abbott’s first legislative session.

Source: http://www.theambitstory.com/

ALBANY, N.Y.— State officials are investigating a Texas-based energy company after a spike in complaints from customers over higher-than-expected bills.

Ambit Energy is an energy services company that supplies electricity and natural gas. Consumers can choose to get their energy from their own utility or companies like Ambit. The probe of Ambit Energy was prompted by a spike in complaints in recent months to the state’s utility regulation agency.

Oil, Gas, Power, Prices: Big Themes From Big Meet

Apr 24, 2015
C.M. Keiner http://bit.ly/1JD6Gxb / CC

HOUSTON — In the year since the energy industry last gathered in for its big annual confab in Houston, prices for oil and natural gas took a dive that few, if anyone, saw coming.

A chastened parade of energy executives, analysts, academics and government officials from several countries delivered speeches and participated in panels as part of HIS’s CERAWeek energy conference, worrying over prices and making a profit, and speculating on what it could all mean for economies and consumers around the world.

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