AubreyJ’s Latest Energy Update Report
Oil Surged to Highest Year-End Price since 2007 - New York Bans Fracking Gas
Friday, December 31, 2010
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Grandfather’s Farm - Wells of Past 1967, Red Shute Plantation-
Photo by AubreyJ
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* Bloomberg.com had the following report posted up on their website this New Years Eve and it goes in part like this... “Shale production is probably going to be with us forever and it can limit gains in gas prices,” said Peter Beutel, president of trading advisory company Cameron Hanover Inc. in New Canaan, Connecticut. “But if we have environmental rulings that certain states cannot produce shale gas, it’s going to take so much supply off the market.”...
Read this Bloomberg report in full at link below...
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* Also from Bloomberg.com is this report... Oil surged to its highest year-end price since 2007 as the dollar weakened and gasoline and heating oil futures climbed... Crude capped its second consecutive year of gains as the dollar dropped against the euro, boosting commodities’ appeal as an alternative investment. Oil settled above $91 a barrel after testing technical support near $89. Gasoline and heating oil advanced before the January contracts expired today...
Read the rest at link below...
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* TampaBay.com reports it this way...
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* Forbes.com posted up the following report on their website back on December 23rd and it starts off like this... New York Gov. David Paterson today signed a bill that will ban natural gas drillers from using the practice known as hydraulic fracking when developing fields in the gas rich Marcellus Shale. Environmentalists are happy at the ban. Energy companies are happy that the ban wasn’t for longer...
Read the rest at link below...
Image from Wiki - Original source by U.S. Geological Survey Open-File Report 2005-1268
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* MySanAntonio.com has the following posted up on their website today... Despite weak natural gas prices, Chesapeake Energy plans to drill 350 to 380 new Barnett Shale gas wells in North Texas in 2011 and keep about 20 drilling rigs active throughout the year, the company's top executive in its Fort Worth-based regional operation said...
Read the rest at link below...
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Israel Discovers Giant Natural Gas Field
About Video: Israel has announced the discovery of a massive natural gas field off its northern coast, worth tens of billions of dollars. The company behind the exploration of the "Leviathan 1" field says it is the world's biggest gas discovery in decades... It could free Israel from relying on foreign energy sources and could also affect the politics of the region. Anand Naidoo reports for AlJazeera.
This news Video posted on YouTube by AlJazeeraEnglish
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Read more on this great find at link below...
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AubreyJ.........
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