Daily Archives: March 15, 2012

MSC in the Allentown Morning Call: Marcellus Shale Gas Benefits Pennsylvania

March 12, 2012 In the News, Newsroom
MSC in the Allentown Morning Call: Marcellus Shale Gas Benefits Pennsylvania

Paul Carpenter’s March 6 column (“Gas drilling symposium at NCC to challenge ‘bill of goods’ “) fundamentally disregards the overwhelmingly positive developments surrounding responsible, well-regulated natural […]

MSC Statement on Shell Chemical LP Ethane Cracker Announcement

March 15, 2012 Newsroom, Press Releases
MSC Statement on Shell Chemical LP Ethane Cracker Announcement

Canonsburg, PA – Marcellus Shale Coalition president Kathryn Klaber issued the following statement on Shell Chemical’s announcement that it will move forward with evaluating a location for a potential […]

Israeli strike on Iran could raise gas prices to $6-per-gallon, analysts say

An Israeli military strike against Iranian nuclear enrichment sites would spike gas prices to between $5 and $6 per gallon, according to market analysts.

This would be well beyond the record highs hit in 2008, when nationwide average retail prices hit $4.11 per gallon, analysts say.

“I think you will see $5- and $6-a-gallon gas,” said […]

By |March 15th, 2012|Featured|1 Comment

Romney slams Obama over gas prices

Mitt Romney blamed President Obama’s policies for sending gas prices through the roof during a Fox News appearance Thursday morning.

“People who set the prices of oil look not just at the daily spot rate, they look long-term to see what’s going to be happening,” Romney said. “They buy and sell these shares and futures of […]

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Report: Britain, US to greenlight release from emergency oil reserve

Britain and the United States have informally agreed to release emergency oil stockpiles amid growing pressure on President Obama to do something about soaring gas prices, according to a news report.

The Obama administration will formally request Britain’s participation in the oil release soon, but the details of the agreement have yet to be ironed out, Reuters first […]

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Obama hits GOP foes as having ‘flat Earth’ views on energy

President Obama attacked the GOP presidential field in a speech on gas prices Thursday, portraying the candidates as “stuck in the past” and unserious about dealing with the nation’s energy problems. 

Delivering his fourth speech on energy in as many weeks, Obama stressed that there’s no “silver bullet” for lowering prices and took shot after shot […]

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McCain sees another Solyndra in Navy biofuels spending

The Navy’s push to develop biofuels to run its fleet of planes and warships could devolve into a “Solyndra situation” for the Pentagon, a top Republican senator said today.

During Tuesday’s hearing of the Senate Armed Services Committee, ranking member John McCain (R-Ariz.) compared the now-bankrupt solar energy company, into which the White House sank $535 million in loan […]

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Report claims Obama, Cameron discussed tapping oil reserves

President Obama and British Prime Minister David Cameron on Wednesday
discussed the possibility of releasing emergency oil reserves,
according to a news report.

“No agreement was reached. We will
continue to work together to address energy security and oil price
issues,” an unnamed senior Obama administration official told Reuters.

The
reported discussion comes amid elevated crude oil […]

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News bites: Bush says Keystone approval a ‘no brainer’

Former President George W.  Bush said approval of the Keystone XL oil pipeline is a “no brainer,” according to Bloomberg.

A top Canadian official said he believes the pipeline will be approved, The Wall Street Journal reports.

Royal Dutch Shell was sued for contributing to climate change, Reuters reports.

Bloomberg reports: “Oil prices close to the highest since […]

By |March 15th, 2012|Featured|1 Comment