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Editorial: Pipeline news nothing to crow about

It is said that “The enemy of my enemy is my friend.” So it is that opponents of the Constitution Pipeline may be cheering at the recent news that the company attempting to run this pipeline through upstate New York has pulled back on a side project that would have brought natural gas service to the Sidney, Bainbridge and Afton ...

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Opinion: An oil fight unlike any other

In California, Chevron, Tesoro and other oil giants are acting as if the end is near. The grim reaper, as they see it, comes in the person of Tom Steyer, the billionaire environmentalist, and his buddy, Senate President Pro Tem Kevin de León. The instrument of their demise is de León’s Senate Bill 350, which would require Californians to cut ...

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OPINION: Can California turn the West green?

California’s leaders quickly saluted last week when President Barack Obama released his Clean Power Plan, a 1,500-page proposal that would dramatically reduce the nation’s dependence on coal. We’re already there, or at least we think we are. At the Legislature’s urging, California’s private utilities have weaned themselves from coal, and public power agencies are ending their contracts with out-of-state coal ...

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Hedge funds turn unusually bearish on oil: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Hedge funds and other money managers have rarely been so bearish about the outlook for oil prices, according to the latest positioning data from the U.S. Commodity Futures Trading Commission. Hedge funds boosted short positions in futures and options linked to the price of U.S. ...

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Opinion: A Gold Rush forecast but no gold

In 2011, the federal Energy Information Administration produced a report that seemed to indicate that in California the year 1849 was about to come around again. Another Gold Rush might be on its way. The agency estimated there were 15.4 billion barrels of potentially recoverable oil in California’s Monterey Formation, and that triggered Gold Rush-like activity. Oil companies began buying ...

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Iran needs time and favorable conditions to boost oil output: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Iran has big ambitions to increase oil and gas production once sanctions are lifted but a substantial increase in exports is probably years away. The country has the world’s fourth-largest proved reserves of crude oil (behind Venezuela, Saudi Arabia and Canada) and the largest proved ...

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Editorial: NM’s big-time power play

The road from Artesia to Hobbs — which cuts through the bustling oil-producing town of Loco Hills — is as crowded and active now as before world oil prices began to plummet last fall. And more oil- and gas-related facilities are planned or under way, such as a massive center in Jal to transfer sand from rail cars to the ...

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