Jul
13

Newark’s IDT looks to Israel, Colorado for shale oil venture (Star-Ledger)

CRE Note:  Oils opponents claim that it is not yet commercially viable, however, as the story below describes oil shale is gaining a lot of attention from investors for its great potential.

From: The Star-Ledger

By: Eliot Caroom

 

Newark-based IDT carved out a niche in the world of telecommunications offering cheap international calls and calling cards, and as its stock awakens from a deep recessionary swoon, the company is looking for another growth opportunity wringing oil from layers of shale rock in Israel and Colorado.

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Jul
04

Op-Ed: South Texas lubricated with oil fracking boom

Editors Note:  In the  article  below the author makes a number of assertions that  need to be subject to a detailed review. We encourage our readers to express their views below.
 Digital Journal
 
Lynn Herrman
Laredo – A controversial method known as hydraulic fracturing, or fracking, has settled over South Texas and is set to transform its oil fields, the brush country and its water sources into a chemical wasteland, even as media reports “unfortunately” strike out.
The Eagle Ford oil shale field stretches from near Del Rio at the Mexico border in a long, sweeping curve all the way up to Dallas County, and as in many other parts of the US besieged by the fracking rush, is creating padded pockets, chemical contamination and meaningless news coverage. This largely rural, isolated, and in many instances, impoverished part of the state where the Eagle Ford shale calls home is undergoing a transformation unseen in the history of the state, with oil and gas companies swarming like locusts, but one has to dig beyond the woohoo of it all for a dose of reality. On Sunday, Yahoo! News noted

Unfortunately environmentalists claim that the fracking process poses a threat to ground water, which in turn could harm agriculture and public health.

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