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The boom in new oil and natural gas flowing through U.S. pipelines is beginning to ripple through the wider American economy.
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*Over 2 mln barrels booked to Europe in rare arbitrage. *Competes with West African crude in Europe. GENEVA/ LONDON, Jan 22- The United States now gets so much crude from its own shale deposits that Canadian exporters are selling as far afield as Europe, showing how deeply the U.S. energy revolution is transforming global oil flows.
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Beale dramatically warned his readers: "At present the country is facing a serious shortage of petroleum... favourable territory has become scarcer, competition has increased and the demand for petroleum and its products has created a market that cannot be adequately supplied."
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WASHINGTON, Jan 18- In almost all U.S. states, jobless rates ended 2012 lower than where they began, according to Labor Department data released on Friday that also showed unemployment rates fell from November in less than half the states.
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In its latest annual outlook, published on Wednesday, BP predicts China will be the most successful country outside North America in developing shale gas by 2030. Given the country's enormous shale resources and large prospective market, coupled with its ready availability of capital and proven engineering expertise, it is hard to argue with that assessment.
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*Four Republican governors back Medicaid expansion. WASHINGTON, Jan 16- At least 22 U.S. governors, including four Republicans, support an expansion of Medicaid under President Barack Obama's healthcare reform law, while others are expected to decide in the coming weeks, experts said on Wednesday.
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World Weather Inc meteorologist Andy Karst said a blast of cold air in the eastern United States will begin Sunday with temperatures falling to below zero in the northern Midwest and northern Plains. He said readings of 20 to 30 degrees below zero were possible in eastern North Dakota and northern Minnesota.
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NEW YORK, Jan 15- U.S. stock index futures slipped on Tuesday as investors fretted over the debate brewing in Washington over raising the U.S. borrowing limit as well as what is expected to be a lackluster earnings season. The United States could default on its debt if Congress does not increase the borrowing limit.
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LONDON, Jan 15- For a decade, the oil industry has worried about rising resource nationalism in producing countries.
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Good rains have fallen in Texas, Oklahoma and Arkansas over the last few days, which should provide some improvement to dry soils and shrunken rivers and streams. But generally the worst-hit areas remain in sad shape, said Brian Fuchs, climatologist with the National Drought Mitigation Center at the University of Nebraska-Lincoln. "
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WASHINGTON, Jan 9- The next head of the U.S. Department of Energy is likely to guide the agency through a fundamental shift: easing up on a push to commercialize renewable energy and instead focusing on the surprising domestic oil and gas boom and management of U.S. nuclear security.
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In its first disaster declaration of the new year, the Agriculture Department made growers in large portions of four major wheat-growing states- Kansas, Colorado, Oklahoma and Texas- eligible for low-interest emergency loans. Kansas was the No. 1 state at 382 million bushels. In all, USDA listed 597 counties in 14 states as natural disaster areas.
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NEW YORK Jan 8- U.S. crude oil production is expected to rise by the largest amount on record in 2013, the Energy Information Administration said on Tuesday, and is set to soar by almost a quarter over the next two years.
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NEW YORK, Jan 8- Phillips 66 said on Tuesday it entered a five-year commitment to ship North Dakotan crude oil by rail to its New Jersey refinery, making an estimated $1 billion bet that North American crude will remain cheap.
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WASHINGTON, Jan 4- The controversial Keystone XL oil pipeline received a boost on Friday when Nebraska regulators said its proposed new route would avoid many of the ecologically-sensitive areas that led the U.S. government to block it last year.
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CHICAGO, Jan 3- Snowfall in parts of the U.S. Plains last week had little impact on historic drought gripping the region, but parts of Illinois, Wisconsin and the Southeast showed slight improvement, weather experts said.
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Plains last week had little impact on historic drought gripping the region, but parts of northern Illinois and southern Wisconsin showed slight improvement, weather experts said.
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It has become a flashpoint issue, putting the EPA-- charged with safeguarding the nation's water-- in the middle of a fight between environmentalists and the energy industry.
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It has become a flashpoint issue, putting the EPA-- charged with safeguarding the nation's water-- in the middle of a fight between environmentalists and the energy industry.
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Aubrey McClendon, 53, endured a trying year running the second-largest natural gas producer in the United States, Chesapeake Energy Corp. But as corporate, state and federal probes into McClendon and the company continue, 2013 isn't looking much easier.
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Top U.S. lawmakers voiced rising fear on Sunday that the country would go over "the fiscal cliff" in nine days, and some Republicans charged that was President Barack Obama's goal.