Oil and Gas

4:25am

Mon May 7, 2012
Around the Nation

Drilling Boom Strains State Regulatory Agencies

Originally published on Mon May 7, 2012 4:34 am

Transcript

STEVE INSKEEP, HOST:

Tax revenue coming from shale, oil, and gas development has many states very happy, but the boom is also putting a strain on regulators. There are not enough of them to inspect all the drilling sites. Colorado, for example, has 17 inspectors for more the 47,000 active oil and gas wells. Kirk Siegler reports from member station KUNC.

KIRK SIEGLER, BYLINE: Each day, Jim Precobb(ph) of the Colorado Oil and Gas Conservation Commission logs about 400 miles in his state-owned truck.

JIM PRECOBB: It is absolutely staggering.

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2:15pm

Fri May 4, 2012
Energy

White House Unveils New Fracking Regulations

Originally published on Fri May 4, 2012 4:04 pm

Transcript

ROBERT SIEGEL, HOST:

The Obama administration today released a new set of rules for oil and gas drilling on public land. As NPR's Elizabeth Shogren reports, the rules are meant to keep companies from polluting water when they use the engineering technique known as fracking.

ELIZABETH SHOGREN, BYLINE: Hydraulic fracturing is what made the current drilling booms possible. Companies force hundreds of thousands of gallons of water, sand, and chemicals deep underground to open up cracks in the rock and make the oil or natural gas flow faster.

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4:51am

Thu May 3, 2012
Business

Take Over Moves By Bolivia, Argentina Angers Spain

Originally published on Thu May 3, 2012 8:31 am

Bolivia and Argentina's nationalization of Spanish companies hasn't gone over well in Madrid. Spanish officials say Bolivia and Argentina will pay the price in the long run, as investors become weary of doing business if their assets could ultimately get seized.

4:12am

Thu May 3, 2012
Around the Nation

States Looking To Make Some Taxes Less Inevitable

Oklahoma Gov. Mary Fallin proposed slashing state income tax rates this year and eventually phasing out the tax.
Sue Ogrocki AP

North Dakota may be about to go where no state has gone before. On June 12, voters will decide the fate of a ballot measure that would eliminate all property taxes in the state.

"We think it's a horse race," says Bob Harms, spokesman for a coalition of business, local government and farm groups that are opposed to the measure. "It has a real possibility of passing."

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6:30am

Wed May 2, 2012
Environment

Fracking the Focus of Congressional Hearing at Colorado Capitol

An oil and gas rig in Weld County, Colo.
Photo by Kirk Siegler

Colorado Fifth District Congressman Doug Lamborn (R-Colorado Springs) is holding a hearing this morning in Denver on proposed federal regulations governing the drilling process known as hydraulic fracturing.

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