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Government approves East Coast oil exploration

Date:
July 18, 2014
Source:
AP / Powered by NewsLook.com
Summary:
The Obama administration approved the use of sonic cannons to discover deposits under the ocean floor by shooting sound waves 100 times louder than a jet engine through waters shared by endangered whales and turtles. (July 18) Video provided by AP


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last updated on 2014-12-21 at 4:01 pm EST

Global Oil Demand to Increase Next Year at Fastest Pace Since 2010

Global Oil Demand to Increase Next Year at Fastest Pace Since 2010

TheStreet (July 11, 2014) — Global oil demand will rise at the fastest pace in five years in 2015, according to the International Energy Agency. The IEA said that world oil consumption will increase next year by 1.4 million barrels a day to a record 94.1 million. Most of the increase in oil supply will be from nations outside of the Organization of Petroleum Exporting Countries. Oil supply from non-OPEC countries will rise by 1.2 million barrels a day next year as North American production rises. The demand for oil will be driven in large part by China, which the agency said will see demand increase by more than 4% to about 10.8 million a day. Video provided by TheStreet
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Fracking May Jeopardize Gros Morne UNESCO Status

Fracking May Jeopardize Gros Morne UNESCO Status

CBC (May 17, 2013) — Gros Morne National Park's status as a world heritage site may be in jeopardy due to plans for controversial oil exploration on Newfoundland's west coast, CBC News has learned. UNESCO is looking for answers about the proposed fracking near the site.
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Coast Guard Working to Reopen Shipping Channel

Coast Guard Working to Reopen Shipping Channel

AP (Mar. 24, 2014) — Crews lined up miles of oil booms to keep oil away from the shoreline and bird habitats, two days after a collision in the Houston Ship Channel dumped as many as 170,000 gallons of oil from a barge into the water along the Gulf Coast. (March 24) Video provided by AP
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"Offshore Gas Plant" Causes 300 Earthquakes in a Fortnight

"Offshore Gas Plant" Causes 300 Earthquakes in a Fortnight

France 24 (Oct. 9, 2013) — Anxious residents of Spain's east coast want answers after the government admitted there was a link between hundreds of minor earthquakes and an offshore gas storage scheme. The Castor plant is using an old oil field's depleted underwater reservoir in a project designed to create a liquefied gas reserve equivalent to 30% of Spain's needs. But 300 tremors in the space of just two weeks has left locals terrified of what might happen next.
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