The rising pressure for rail shipments was explored in depth earlier this year in «Busting Bottlenecks in the Bakken,» an article in Fed Gazette, a publication of the Minnesota Federal Reserve (yes, weird, but it's a thorough, interesting piece) and in this Christian Science Monitor story: «Pipelines can't keep up with North
American oil boom.»
Not exact matches
The area underlying Pennsylvania, Ohio and West Virginia is the epicenter of a
boom in
American natural gas produced through hydraulic fracturing, the process of injecting water, minerals and chemicals underground to free
oil and gas from rock formations.
Until very recently, it was the world's top
oil producer and exporter, before the
American shale
boom catapulted the U.S. into first place.
Today, Russia is similarly hemorrhaging capital as a result of international sanctions and crashing
oil prices, prompted by both the
American shale
oil boom and OPEC's inaction in stabilizing the commodity at last month's meeting.
Booms were deployed in the nearby Kanawha River to collect any leaking
oil but none was detected in water tests carried out by local water provider West Virginia
American Water.
Start your weekend with a trip to Wichita Falls tourism bureau where you can pick up history brochures that will lead you on self - guided tours of Wichita's neighborhoods, including the downtown — where buildings like the Keller and LaSalle Crossing were evidence of the
oil boom — Southland (full of bungalows built in the first half of the 20th century), and the Eastside, historically an African
American neighborhood.
Crude
oil is the fastest growing category of hazardous shipments on North
American rails because of limited pipeline capacity for
booming Bakken production.
What people fail to realize is that Brazil's economic and energy
boom is not being fueled by ethanol alone, but by vast
oil deposits they are aggresivly extracting (the reason one George Soros invested 900 million in Petrobas, isn't it nice that he gives money to people who wish to restrict
american production but pours hundreds of millions into foreign
oil companies.).
And the
boom in domestic shale
oil production has also greatly weakened the economic arguments of
American lawmakers who were Keystone defenders.
The North
American shale
boom led to a glut of new
oil on the market, driving down prices.
«We are planning a new line of food products made with
American - farmed hemp seed and
oil, to capitalize on the
booming U.S. market for nutritious foods made with hemp seeds.»
And with
American oil production
booming on private and state lands, Obama continues to willfully ignore the enormous potential of our federal lands by holding them under lock and key.
Considering the
oil, gas, and coal
boom that the Trump Administration hopes to unleash on federal lands and in offshore waters, you might expect stepped - up protection for the
American public and the environment.
American politicians who really care about climate change — I'm assuming this includes our president, as well as a majority in Congress — should skip the summits and instead ask themselves why the
oil and gas prices that started rising a couple of years ago (creating a
boom in alternative - energy research) have once again dropped to an artificial low.