• 4 minutes Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 8 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 11 minutes Why Trump Is Right to Re-Open the Economy
  • 13 minutes Its going to be an oil bloodbath
  • 16 mins Ten days ago Trump sent New York Hydroxychloroquine. Being administered to infected. Covid deaths dropped last few days. Fewer on ventilators. Hydroxychloroquine "Cause and Effect" ?
  • 1 min US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 19 mins Russia's Rosneft Oil is screwed if they have to shut down production as a result of glut.
  • 13 hours Mr
  • 22 hours While China was covering up Covid-19 it went on an international buying spree for ventilators and masks. From Jan 7th until the end of February China bought 2.2 Billion masks !
  • 1 hour ‘If it saves a life’: Power cut to 1.5 million Californians
  • 10 hours Free market or Freeloading off the work of others?
  • 1 day How to Create a Pandemic
  • 24 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 11 hours Marine based energy generation
  • 17 hours Which producers will shut in first?
  • 10 hours China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind

Breaking News:

WTI Slides On Huge Crude Inventory Build

US: Fracking Regulations for Federal Lands?

Bottom Line: US Interior Secretary Ken Salazar is talking about a proposal to regulate oil and gas fracking on public lands, and while we haven’t seen a draft of this proposal yet, word is that it will emerge in the very near future.

Analysis: US media reports coming out of Washington say that Salazar has told a House subcommittee that draft regulations on fracking on public lands are in the works and should be announced in the near-term future. According to Salazar, these regulations are “imminent” and his successor will reveal them soon. It’s not the first time this has been floated. Draft regulations were toyed with in January, but the proposal was withdrawn for more work. The regulations will likely require E&P companies to fully disclose the nature and volume of chemicals used in their hydraulic fracturing operations. They will also likely contain tougher provisions government the management of “flowback” frack water. Fracking on public lands is already regulated by states, and the new regulations would seek to boost this oversight on a federal level. 

Recommendation: E&P majors have been holding a flurry of meetings with the White House since early this year when the first draft of fracking regulations was sidelined, and we believe these meetings are continuing into this month, while a new draft could come as early as next month. These regulations will likely entail new costs for E&P companies…




Oilprice - The No. 1 Source for Oil & Energy News