Fracked energy from the United States is changing the global energy market and driving down prices as it increases supply, writes Mark Green at The EnergyTomorrow blog.
Green writes: " ... the head of the federal agency that analyzes energy data says the recent growth in U.S. production has helped reduce the price of Brent crude, a leading global benchmark, by about $25 a barrel. That’s big, because the cost of crude oil is the single biggest factor in the price of gasoline ..."
"First – thanks, fracking. The combination of hydraulic fracturing and horizontal drilling techniques, plus advances in the use of them, is unlocking vast U.S. reserves of natural gas and tight oil – from shale and other tight rock formations. Recently, the International Energy Agency said U.S. oil production would be the main driver of global supply growth over the next five years."
The entire post is here.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.