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Economists back increased US oil and gas exports

NEW YORK (AP) — Whether to allow more exports of U.S. oil and natural gas has become a matter of political debate in Washington. But to economists, the answer is clear: The nation would benefit. The vast majority of economists surveyed this month by The Associated Press say lifting restrictions on exports of oil and natural gas would help the ...

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El Paso to buy natural gas assets from Kinder Morgan for $2 bln

elpaso logo

April 28 (Reuters) – El Paso Pipeline Partners LP said it would buynatural gas assets from Kinder Morgan Inc for about $2 billion, including $1.01 billion of debt. El Paso Pipeline said as part of the deal, it would acquire a 50 percent interest in Ruby Pipeline, a 50 percent interest in Gulf LNG and a 47.5 percent interest in Young Gas Storage. The deal, ...

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Study: US manufacturers gaining competitiveness

manufacturing sanding welding

Paul Wiseman, Associated Press WASHINGTON (AP) — U.S. manufacturers have grown more competitive over the past decade compared with factories in China, Brazil and most of the world’s other major economies. So says a new private study, which found that rising wages and higher energy costs have diminished China’s long-standing edge over the United States. So has a boom in U.S. ...

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U.S. railroads show untapped value from delay in building oil pipeline

oil cars

By Dan Burns April 21 (Reuters) – U.S. railroads are obvious winners from the latest delay in the Keystone XL Pipeline approval, and some of the freight operators with the biggest growth in petroleum shipments look undervalued, according to an analysis of Thomson Reuters data. While shares in some railroad companies have recently hit record highs, there may be still ...

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Fracking Draws Support From Unions As Jobs Flourish, Worrying Environmentalists

oil pump

By  Kevin Begos PITTSBURGH (AP) — After early complaints that out-of-state firms got the most jobs, some local construction trade workers and union members in Pennsylvania, Ohio and West Virginia say they’re now benefiting in a big way from the Marcellus and Utica Shale oil and gas boom. That vocal support from blue-collar workers complicates efforts by environmentalists to limit ...

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Walking, ‘talking’ drilling rigs aim to modernize fracking

oil rig

(Reuters) – The backbreaking life of a roughneck, the iconic worker bees of oilfield drilling rigs, is getting a little easier. Schramm Inc, which built the drilling rig that four years ago helped rescue 33 trapped Chilean copper miners, has designed a 500,000-pound rig for the oil and natural gas industry that can walk, rotate 360 degrees, be operated with a remote ...

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North Dakota official tells of $2 billion fracking windfall

save money

Alan Johnson for The Columbus Dispatch There’s money in fracking — just ask North Dakota Treasurer Kelly Schmidt. Schmidt, who was in Columbus yesterday for a State Financial Officers Foundation meeting, said North Dakota’s Legacy Fund is approaching $2 billion. The fund, which has no earmarks for how it will be spent, receives 30 percent of the proceeds from state ...

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Energy gender gap narrows

engineering students

SAN ANTONIO — With a shortage of skilled professionals in the oil and gas industry looming, women are entering the field in unprecedented numbers, a change that could help ease the crunch. In the first quarter of 2013, more women than men entered the industry, data from the Bureau of Labor Statistics show. About 3,900 positions for professionals were added ...

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EDITORIAL: Another clog in the pipeline

obama

Is it too much to ask our president to take a five-minute break from shilling his failing health care plan on the TV talk circuit to sign off on the Keystone XL pipeline? He’s indicated — numerous times, in fact — that he’ll use his pen to “help” the American people. Well, here’s a chance to do some real good. ...

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