Two years after the Deepwater Horizon disaster, one issue has received little attention: the oil industry faces a shortage of experienced workers. Some analysts are concerned more inexperienced workers could compromise safety, but the industry says training is more rigorous than ever.
The federal rules announced Wednesday will, among other things, soon require oil and natural gas drillers to limit air pollution from drilling operations. Though the requirements stand to save companies money long term, producers say pollution regulations should be left to the states.
At the same time gasoline prices are soaring, the cost of electricity is falling. The reason? Cheap and plentiful natural gas. A utility in Massachusetts has just sliced rates by 34 percent. Coming out of a recession, the lower electricity prices are quietly boosting the economy and providing some welcome savings to businesses and families.
A supply glut and price collapse in natural gas is slowing down the hydraulic fracturing boom in some areas. How market forces, state regulations and health and environmental concerns are shaping development of the Marcellus Shale.
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