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Shale gas blasts open world energy market

Unconventional treasure: Shale gas is trapped deep inside rock formations. Shale gas is a new and abundant source of natural gas, trapped in rock formations. Oil companies have known about it for decades but always dismissed it because it was too


NEGOTIATOR’S TAKE:  North American producers have a huge cost advantage for plastic products made from Ethylene.  You might want to re-think sourcing from China. Now that the US has surpassed Saudi Arabia as the top crude oil and natural gas producer,

US gas prices breaking records

The national average for a gallon of regular unleaded gasoline stands at $3.66, with the prospect of a five-to-10 cent jump over the next two weeks, according to Patrick DeHaan, senior petroleum analyst at Prices in several Midwestern states

How China’s slowdown is impacting commodities

China announced Monday that its gross domestic product growth slowed to 7.5% in the three months ended in June. Its economic growth is still strong, compared with much of the world. But recent single-digit expansion rates are a notable comedown

Why Abundant Oil Hasn’t Cut Gasoline Prices

Without realizing it, U.S. drivers are competing for American-made gasoline with consumers in Latin America and Asia, where demand is rising. “Americans don’t think about their prices being impacted by a global market,” says Morse. “The American public just thinks

Natural gas prices drive CO2 emissions to 20-year low

The International Energy Agency said the U.S. has cut carbon dioxide emissions more than any other country over the last six years. Total U.S. carbon emissions from energy consumption peaked at about 6 billion metric tons in 2007. Projections for

Gazprom: contract shake up could herald change in gas market pricing

In an unprecedented move for the Russian energy giant, Gazprom has agreed to incorporate spot market prices in some of its long-term European export contracts. More significantly, the move potentially represents a structural change in gas market pricing mechanisms away from oil-linked

Natural Gas Entering Golden Age –

Under a scenario set out by the International Energy Agency (IEA), global consumption of natural gas could rise by more than 50% over the next 25 years, with it accounting for more than a quarter of global energy demand by

Natural gas the next ‘green hope’ – The Globe and Mail

In North America, four factors promise to make natural gas a viable alternative to oil-based fuels. First, revolutionary technology is unlocking enormous new supplies of shale gas. Second, unrest in North Africa and the Middle East has underlined U.S. oil-supply

Crude oil price surge helps U.S. chemical makers

Chemical prices are set globally by naphtha-based producers. That lets Dow and its peers charge the higher industry price and bank the margins from using cheap natural gas. Cheap natural gas is giving U.S. chemical companies an edge over European