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Judge reopens fracking ban case without objections in Colorado

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The Longmont Times-Call reported Friday that the ruling reopens a case examining the legality of Longmont’s voter-approved fracking ban without hearing the plaintiff’s objections.

Officials say the Colorado Supreme Court ruled the ban conflicted with the state Colorado Oil and Gas Conservation Act in 2016.

Anti-fracking groups say they plan to argue the legality of the ban after a recently approved Senate Bill is believed to supersede the former ruling.

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Brent Crude

Have We Reached Peak Production?

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In less than eight years, U.S. oil production climbed from under 6 million barrels per day (BPD) to more than 12 million BPD. This surge is arguably the only reason oil prices today aren’t above $100/barrel (bbl).

But Has Oil Production Peaked?

Production Has Peaked. Not enough new wells are heading for completion to offset the accelerating decline rate of existing wells. And so the Crude Oil cycle continues, could one expect in the future we could see a spike in oil prices because of this?

A peak in global oil demand is within sight and could be reached by the mid-2030s, if not sooner. said GLEN HODGSON

This is the outcome OPEC is hoping for. It is clear that their strategy is to keep oil prices propped up until U.S. oil production begins its decline, at which point they can reassert control over the global oil markets. – Robert Rapier

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Oilfield News

Future Presidential Candidate Newsom calls for oversight of California petroleum industry

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Gov. Gavin Newsom, in the Central Valley on Wednesday for a firsthand look at one of the largest oil spills in California history, vowed to go beyond the state’s already aggressive efforts to curtail the use of fossil fuels and seek a long-term strategy to reduce oil production.
LATIMES.COM

Gov. Gavin Newsom is briefed on a million-gallon spill in McKittrick by Billy Lacobie of Chevron, center, and Jason Marshall of California Department of Conservation Division of Oil, Gas and Geothermal Resources.

While the incoming administration was still learning the ropes in Sacramento, agency employees quietly doubled the rate of hydraulic fracturing (or “fracking”) permits issued to oil companies.

In response, Gov. Gavin Newsom took swift and decisive action, firing the head of the agency and vowing to appoint a replacement who shares his opposition to fracking.

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