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Archive for July 22nd, 2013
Canadian Energy Stocks Buoyed by Surge in Prices for U.S. Crude
Posted by Globe and Mail: Jeffrey Jones on July 22nd, 2013
Globe and Mail: Canadian energy stocks are finally playing catch-up with sizzling oil markets.
In the past four weeks, the S&P/TSX capped energy index, which includes big names such as Cenovus Energy Inc., Suncor Energy Inc. and Canadian Natural Resources Ltd., has climbed 9 per cent as U.S. crude prices approached, then rocketed above, $100 (U.S.) a barrel.
The gains come as companies prepare to deliver second-quarter financial results that in many cases will display rich rewards from a steady improvement...
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Welcome to Portage County, the Fracking Waste Disposal Capital of Ohio
Posted by Mother Jones: Thomas Stackpole on July 22nd, 2013
Mother Jones: Welcome to Portage County, Ohio, the biggest dumping ground for fracking waste in a state that is fast becoming the go-to destination for the byproducts of America's latest energy boom. As fracking—pumping a briny solution of water, lubricants, anti-bacterial agents, and a cocktail of other chemicals into underground shale formations at high pressure to fracture the rock and extract trapped natural gas—has expanded in the Midwest, so has the need for disposing of used fracking fluid. That fracking...
As WTI and Brent Reunite, Gulf of Mexico Faces Squeeze, Not Glut
Posted by Reuters: Matthew Robinson on July 22nd, 2013
Reuters: Even after a surprisingly vigorous surge in U.S. crude oil prices finally eliminated a three-year discount versus global benchmark Brent, some cash markets are sending a curious signal: refiners are ready to pay even more.
U.S. oil futures reached parity to European Brent on Friday for the first time in nearly three years, a sign new pipeline capacity is finally moving a glut of crude out of the U.S. Midwest. The gap, which before 2010 rarely widened to more than a few dollars, was $10 in early...
Canada needs to up conservation game, preserving half of boreal forests: paper
Posted by Windsor Star: None Given on July 22nd, 2013
Windsor Star: A group of top international scientists says Canada needs to dramatically up its conservation game to ensure its vast northern forests remain healthy in the face of increasing industrial pressure.
In a paper to be presented today at the International Congress of Conservation Biology in Baltimore, Md., its authors argue that Canada needs to preserve about half of its boreal forest. That's significantly more than the 10 per cent level researchers previously thought was necessary to conserve natural...
Rain slows massive Southern California wildfire
Posted by Reuters: Sharon Bernstein on July 22nd, 2013
Reuters: Heavy rains overnight helped slow a massive Southern California wildfire that had threatened the town of Idyllwild, a community about a mile above sea level known for its hiking trails, rock climbing and arts and music scene.
Evacuation orders for Idyllwild and nearby Fern Valley were lifted late Sunday morning, and a spokeswoman for the U.S. Forest Service said tourism businesses were expected to re-open by evening.
"Today the residents and business owners were able to go back home and tonight...