Oil Shale News

From: Cleveland.com

By John Funk, The Plain Dealer

CLEVELAND, Ohio — Ohio’s natural gas and oil reserves are a multibillion-dollar bonanza that could create more than 204,500 jobs in just four years, an industry group said Tuesday

The economic impact study, released on the eve of Gov. John Kasich’s energy summit, attributed the jobs to leasing, royalties, exploration, drilling, production and pipeline construction to produce gas and petroleum from Utica shale, a rock buried more than a mile and a half underground.

From: Hawks Bay Today

Canadian-owned Tag Oil has been quick to allay fears that Hawke’s Bay is about to be inundated with oil rigs following the announcement independent Texan oil giant, Apache Corporation, is funding a $100 million ground mapping programme.

Tag Oil’s New Zealand chief operating officer Drew Cadenhead said seismic testing was unobtrusive. Cables were laid on the ground and a sound transmitted into the earth, and what bounced back was measured by geophones. “It’s just some guys in utes and quads and a bunch of cables.”

From: Daily Finance

By: Travis Hoium

Americans have never shied away from burning oil. We like big vehicles and horsepower; accordingly, cheap gasoline has fueled a reliance on imported petroleum.

Except for a short blip after the oil crises of the 1970s, when fuel-efficient cars became all the rage, oil imports have risen steadily for the past four decades. But only when gas prices also started to rise, leading up to the most recent recession, did we really start to care about how much oil we were importing.