#shale
Despite Reg Rollbacks, Fracking Businesses Struggle Due to Oil and Gas Glut

Despite Reg Rollbacks, Fracking Businesses Struggle Due to Oil and Gas Glut

A judge on Friday upheld the Trump Administration’s rollback of environmental standards for fracking on federal land saying that the President’s rule change met the “low bar” of providing enough explanation to stand, The Hill reported The Obama rule required companies to say what chemicals they use in fracking, make them cover surface ponds that contain fracking fluids and also set well construction.

Why This Matters:  This rollback is on top of the suspension of enforcement of environmental rules that the Administration announced on Thursday.

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The Oil Market Tanks Due To Bargain Basement Prices — Bad News or Is There a Silver Lining?

The Oil Market Tanks Due To Bargain Basement Prices — Bad News or Is There a Silver Lining?

Yesterday’s dramatic fall in oil and gas prices, according to the President is good for consumers, and it is true that gas prices will immediately come down slightly at the pump — but the secondary effects could be far more negative than positive on the U.S. economy.  Why?  The U.S. is now a net exporter of oil and since the domestic oil production industry has grown so large, the investment bank Morgan Stanley predicts that “the pain of lower oil prices is likely to outstrip whatever positive boost cheaper gas prices might provide to U.S. consumers” particularly when compounded with coronavirus fears depressing the economy more generally.

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Pipeline Court Challenges Continue

Pipeline Court Challenges Continue

On Tuesday, five environmental groups announced their intention to sue the Trump Administration over its decision to allow the Enefit project to go forward and begin constructing three pipelines and two transmission lines across federal land in Utah — these will transport processed oil from a large shale facility to various utilities.  The Hill reported […]

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Funding Well May Be Running Dry For Frackers

Funding Well May Be Running Dry For Frackers

According to The Wall Street Journal, fracking companies are seeing their sources of capital on Wall Street dry up as investors are looking elsewhere given that many of the frackers have been operating at a loss for more than a decade.  The lack of capital to keep these companies liquid is forcing them to cut costs and plan for slower growth.  This is particularly true for small companies with lots of debt, but it is also happening to larger companies that are desperately trying to meet earnings targets set by their Wall Street lenders. 

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