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Suit to Overturn NY Fracking Ban Likely to Set Precedent
by Karen Boman
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Rigzone Staff
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Friday, November 30, 2012

Lenape Resources' lawsuit seeking to overturn New York State’s ban on hydraulic fracturing is likely to be a precedent setting case, said Michael Joy, a partner with the law firm Reed Smith Energy and Natural Resources.However, Lenape has filed the case not to make a point, "but to save another small business in New York from being forced to close down because of oppressive government regulation," Joy said in a statement.
RIGZONE - Suit to Overturn NY Fracking Ban Likely to Set Precedent​
 
BP Ban on Bidding Could Hurt Energy Industry, U.S. Gov't
by NOIA & IADC
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Press Release
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Friday, November 30, 2012

Banning BP from bidding in future offshore lease sales could have a hugely negative ripple effect on drilling contractors and the rest of the offshore industry as well as the Gulf region, and even the federal government, the National Ocean Industries Association (NOIA) and the International Association of Drilling Contractors (IADC) reported Friday.
RIGZONE - BP Ban on Bidding Could Hurt Energy Industry, U.S. Gov't
 
Dollar up, Oil up!:confused:
U.S. Dollar Index (DXY), DXY Index Quote - (NYE) DXY, U.S. Dollar Index (DXY) Index Price
dollar.jpg
 
[TABLE="class: tablewrapper"]
[TR]
[TD="class: econo-reportname, colspan: 2"]EIA Petroleum Status Report
[/TD]
[/TR]
[TR]
[TD="colspan: 2"]

[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		Prior
Actual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"]Released On 12/5/2012 10:30:00 AM For wk11/30, 2012
[/TD]

[TD="class: actual_consensus_box_numbers"]-0.3 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] -2.4 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]3.9 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 7.9 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]-0.8 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 3.0 M barrels
[/TD]
[/TD]
[/TR]
[/TABLE]
Economic Calendar - Bloomberg
[/TD]
[/TR]
[/TABLE]
 
Nothing has happened worldwide to cause an overnight spike of .13 in gas from $2.98 to $3.11...I wish I could get my hands around the throats of those greedy bastards..:mad:
 
Buster said:
Gas down today to $2.87 (E10)
Click to expand...
Breaking $3 that's a good sign. I bought some at the cheap station today for $3.06 a gallon but the average is about $3.17 here. Saw some talking head on TV today that predicted oil down to $68 a barrel in 2013.:D
 
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