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Family Run Oil Firms Squeezed by Natural Gas

Date:
November 7, 2013
Source:
AP / Powered by NewsLook.com
Summary:
Small, family-owned heating oil companies in the Northeast are facing stiff competition from cheap natural gas, with thousands of homeowners making the switch.


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last updated on 2014-04-19 at 3:42 pm EDT

The Netherlands: Shaken Up

The Netherlands: Shaken Up

Deutsche Welle (June 19, 2013) No other land in Europe produces as much natural gas as the Netherlands. But this has come at a price for the people who live there. Drilling is causing more and more earthquakes - and stronger ones too.People in Groningen - a densely populated area in the northern Netherlands - live directly above Europe's biggest natural gas field. They've got used to the odd rumble or two, but this year alone 20 earthquakes have shaken the region. Now The Dutch Oil Company (NAM) has announced it wants to increase its rate of gas extraction. Thus far, the quakes have been relatively low in magnitude, but scientists warn this is likely to change. Angry homeowners, complaining of cracked walls and roofs, are demanding the plans be reconsidered.
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Keystone Completion, Pipeline Explosion Creating Energy Opportunities

Keystone Completion, Pipeline Explosion Creating Energy Opportunities

TheStreet (Feb. 20, 2014) Capital spending on gathering, storage and pipeline shipping of natural gas is expected to reach $34.5 billion by 2022 compared with $18.9 billion this year, says Ed Deicke, Managing Partner at JHS Capital Advisors. The shift to natural gas manufacturing and vehicles will also have a positive impact on the US economy over the next ten years and is currently creating investment opportunities in the energy sector, says Deicke. Finally, lower gas prices due to the eventual completion of the Keystone Pipeline will give the economy and US consumer an added lift. Video provided by TheStreet
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Ukraine Boosts Energy Production

Ukraine Boosts Energy Production

Xinhua News Agency (Oct. 18, 2012) Ukraine is seeking to boost its energy production and obtain energy independence. Prime Minister Mykola Azarov on Wednesday said the country will increase its natural gas production by 17 percent and oil gas condensate output by 8 percent over the next two years.
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The International Shale Gas Industry

The International Shale Gas Industry

Stratfor (Apr. 12, 2012) Stratfor examines the future of the international shale gas industry and discusses the burgeoning market for US and Australian natural gas exports.
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