With a schedule change in my life I hope to be back to consitently providing Marcellus news upadates net Monday. Meanwhile, there are a couple of quick updates to make on the energy front.
1) Oil supplies- my opinion on Wikileaks has mainly been, "tell us something we don;t already know." A leaked cable from the U.S. embassy in Riyadh shows that back in '07 the staff there was concerned about the Saudi's ability to meet demand and that they may hit peak oil in 2012. Nothing new for those who've been following this, but it is significant in that U.S. officials privately agreed with the PO scenario. It also seems to have gained some traction as the story is on my Yahoo front page.
The other story is that the EPA is releasing information on how it will study fracking. The EPA's announcement states. "The scope of the proposed research includes the full lifespan of water in hydraulic fracturing, from acquisition of the water, through the mixing of chemicals and actual fracturing, to the post-fracturing stage, including the management of flowback and produced or used water and its ultimate treatment and disposal."
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