News stories tagged with "oil"

(11/16/11) Drilling companies have been criticizing New York for delaying permits to drill for gas in the state's underground shale formations. The Department of Environmental Conservation says it is still considering regulations, and might not issue permits until 2013.

Deborah Rogers is glad New York is asking questions before allowing this type of drilling. Rogers has become a leading critic of the economics of shale gas exploration. She's an advisor to the Federal Reserve Bank of Dallas, Texas. Rogers spoke Tuesday night at Clarkson University, and earlier in the day with Julie Grant.

(06/04/10) For weeks, we've been horrified by the images and reports coming from the Gulf coast.

BP's shattered well continues to spew oil that has begun washing up on sensitive coastlines from Louisiana to Florida.

Oil from that well would have supplied some of the gas that we pump into our cars across the U.S.

So Brian Mann decided to check in with drivers at local convenience stores to find out what connection they feel to the disaster that's still unfolding.

(04/06/10) There's been lots of speculation about why President Obama is allowing expanded gas and oil drilling offshore. Many environmentalists don't like it. Lester Graham reports the move might be part of a larger strategy to get a climate bill passed in the Senate. more

(02/11/10) Energy analysts say a glut of oil means gas prices probably won't spike too much this year. Rebecca Williams has more. more

(09/09/09) Yesterday in our Story 2.0 series, we reported on the falling cost of heating oil over the past year. Last summer's skyrocketing oil prices had many local officials worried that people would have to choose which basic necessities they'd do without. Martha Foley has more.

(07/31/08) Snow is still just a rumor in the North Country. But the rising cost of heat isn't. Oil and natural gas prices could be double what they were last year. Homeowners are bracing for a budget-stretching winter. So are the people who deliver the oil. Most are small business owners caught in the middle between global oil traders and anxious customers. David Sommerstein profiles one oilman in St. Lawrence County.

(07/30/08) It's still plenty hot outside, but North Country residents are already bracing for the cold. Heating oil prices have almost doubled. Kerosene and natural gas are way up, too. People are scared. Local officials fear a season-long crisis, with people have to choose between eating and staying warm. Many communities are taking unprecedented steps to get prepared. David Sommerstein has the first of two reports.

(07/28/08) Local, state and national leaders are trying to prepare for a coming storm of high heating costs this winter. Heating oil and natural gas are projected to rise from 20 to 40% over last year. Officials fear many people will have to choose between keeping warm and buying food or medicine. Later this week, we'll hear how local officials are preparing for what they say is a coming crisis. And we'll profile the owner of a local heating oil delivery company, caught between the high cost of oil and their customers' busted budgets. Today, we look at the situation in Washington. Congressman John McHugh supports two measures to provide assistance: more than doubling the amount of money available in the Heating Energy Assistance Program (LIHEAP), and offering a tax credit to people who spend a lot on heat this winter. McHugh spoke with David Sommerstein.

(07/28/08) More people are riding the nation's passenger train system, Amtrak. It's to the point that mtrak doesn't have enough train car in some areas, and the trains are sold out. As Lester Graham reports, Amtrak has some other issues to sort out too.

(07/09/08) High prices are squeezing nearly every aspect of the North Country economy. That includes the stretch of the St. Lawrence River that's breeding tourism based on carp fishing. The 3rd Annual Specialist Tackle Carp Challenge kicks off this morning in Waddington, but with half the number of angler teams from last year. Peter Henwood is the CEO of Specialist Tackle and owns the Riverview Motel on Route 37. Carp fishing is much more popular in Europe than here in the U.S. He says high airfares and gas prices are keeping anglers away this year. Henwood told David Sommerstein tourism in general has been quieter on his stretch of the river.