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Editorial: Don’t squander oil spill settlement funds

Horrible things happened on April 20, 2010, deep in the Gulf of Mexico. International oil giant BP made huge blunders that led to a catastrophic and deadly failure we now know as the Deepwater Horizon Macondo oil drilling disaster. Last week, the company agreed to an approximately $19 billion settlement with Southern states whose shorelines were affected by the spill. ...

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Editorial: Activists should target Big Marijuana

Some see it as a blessing, others a curse. Either way, environmental activists are vigilant in Colorado Springs and up and down the Front Range. Big Marijuana should be in their sites. The most dedicated environmentalists take to the streets to protest fracking, opposing more production of natural gas and oil. They ask consumers to use less energy. They advocate ...

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Editorial: The Keystone XL pipeline: No surrender

The Keystone XL oil pipeline is back in the news as the State Department completes its final review of the Canada-to-Texas project and the company behind it urges approval by the Obama administration. When last we visited this no-brainer for economic growth and increased energy independence, President Obama vetoed legislation to approve Keystone, saying he objected to Congress’ “interference,” before ...

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Oil prices tumble: noise or fundamentals? Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Brent futures prices tumbled more than 6 percent on Monday, a highly unusual move that has raised questions about whether shifting fundamentals will send the market even lower over the coming months. Over the last month, front-month prices have dropped 17 percent, breaking out of ...

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Opinion: Behold the use of solar power

A plane that uses only solar power landed on the island of Oahu, Hawaii last Friday after being flown across the Pacific Ocean. The flight was the most dangerous part of the plane’s planned 35,000-kilometer trip around the world. The trip is being made without using any conventional fuel. The name of the plane is Solar Impulse 2. Pilot Andre ...

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Data availability bias in the oil market: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) Why is there such good data about oil in the United States but such poor data about everywhere else? Accurate information is essential for good decision-making, so it is remarkable how little reliable and timely data exists about the production and consumption of crude oil and refined ...

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Editorial: Transparency questions surround BP deal

We’re pleased this phase of the BP oil disaster is behind us. Mississippi Gov. Phil Bryant and Attorney General Jim Hood were on the Coast on Thursday to announce they were bringing to the state about $1.5 billion of the latest $18.7 billion settlement with the energy giant. We think Mississippi should have received more than 8 percent of the ...

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Editorial: COGA should take long view

The Colorado Oil & Gas Association may be right on the legalities as it tries to force Broomfield to surrender or spend taxpayer money to defend a five-year fracking moratorium approved by voters in 2013, but it’s wrong on the public relations. For one thing, COGA doesn’t need another fracking case winding its way slowly through the state legal system. ...

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Tanker arrivals create volatility in U.S. oil stocks: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – U.S. crude stocks unexpectedly rose by almost 2.4 million barrels last week, breaking a run of eight consecutive weekly declines and sending oil prices sharply lower. But did the market overreact when the stock numbers were released on Wednesday – misinterpreting normal week-to-week variability in ...

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