August 2012
30th August 2012
Department of Environment Protection Wants Strong Rules On Marcellus Shale
A state proposal to make far-reaching amendments to oil and gas regulations governing Marcellus Shale gas development indicates stronger rules are needed to protect Pennsylvania's surface and groundwater resources.
But it's too early to tell if the more than 100 proposed changes in a 23-page draft "concept paper" from the state Department of Environmental Protection will eventually provide those protections, environmental groups say. Read more »
8th August 2012
Oil Rises Up Monday on Mideast News
Oil prices rose Monday August 5, 2012 amid rumors of an attack on Syria's embattled leader and as Tropical Storm Ernesto appeared likely to grow into a hurricane that could disrupt Gulf of Mexico oil operations.
New York's main contract, West Texas Intermediate light sweet crude for September, finished trade at $92.20 a barrel, up 80 cents from Friday's closing price.
Brent North Sea crude for delivery in September added 61 cents to settle at $109.55 a barrel in London trade. Read more »
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