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State Net Capitol Journal Legislative Updates: Fracking Remains a Hot Topic in Many States

FRACKING REMAINS A HOT TOPIC IN MANY STATES: The controversial process of hydraulic fracturing, also known as "fracking," has boiled over in numerous statehouses this year. The battle has often come down along party lines, with Republicans heavily supporting measures allowing the process over...

State Net Capitol Journal Legislative Updates: Ohio Governor Continues to Push for Shale Fracking Tax

KASICH CONTINUES PUSH FOR DRILLING TAX: Ohio Gov. John Kasich (R) renewed his call to impose steeper oil and gas drilling taxes on out-of-state oil companies in order to pay for an income tax cut for Buckeye State residents, telling reporters, "The point is for out-of-state oil companies to pay...

State Net Capitol Journal: Renewable Energy Becoming Battleground Issue

Last month's "fiscal cliff" deal temporarily extended several federal renewable energy incentives, such as the tax credit for producers of wind energy. But with investor confidence in renewable energy still somewhat shaky in comparison to more established energy sources like natural gas...

State Net Capitol Journal: Ohio's $500 Billion Oil Resource Frustrating Drillers

The Utica Shale formation in eastern Ohio grabbed the national spotlight two years ago when the state's Department of Natural Resources estimated it held 5.5 billion barrels of recoverable oil, more than twice Yemen's oil resource and worth nearly $500 billion. But U.S. drillers that set up rigs...

State Net Capitol Journal: States Cooling on Renewable Energy

States' recent passion for renewable energy appears to be running out of steam. Sixteen of the 29 states with renewable portfolio standards are considering legislation that would scale back those mandates, according to the North Carolina Solar Center, a partnership between the U.S. Energy Department...

State Net Capitol Journal: U.S. Leads World in Shale Oil Production - For Now

The United States is currently the world leader in shale oil production, on pace to produce more than 3 million barrels of shale oil per day within the next few years. But new estimates of the world's potential shale resources by the U.S. Energy Information Administration suggest America could eventually...

State Net Capitol Journal: Alaska Considering Investing Billions In Pipeline Project

A study commissioned by the state of Alaska that was released last week suggested that a direct investment by the state in a long-sought liquefied natural gas pipeline project might improve the project's prospects. The $424,000 study, conducted by a team that included New Hampshire-based oil consultant...

State Net Capitol Journal: Colorado Gov. Hickenlooper Proposes New Colorado Drilling Regulations

Colorado Gov. John Hickenlooper (D) last week proposed new rules to regulate greenhouse gas emissions from oil and gas drilling operations in the Centennial State. His proposals include a first-in-the-nation call to force drillers to reduce the emission of methane, a potent greenhouse gas linked to global...

State Net Capitol Journal: Renewable Energy Offsets Collapse Of Coal

The U.S. coal industry has endured a precipitous decline in recent years. A Duke University study indicated that the industry shed 49,530 jobs between 2008 and 2012. U.S. renewable energy, meanwhile, has surged. The Duke study found that wind and solar energy generation provided more than 79,000 direct...

State Net Capitol Journal: Politics Kills Clean Energy In Texas

A Texas rebate program for electric vehicles is ending on June 26 – only about a year after it began. Not because state leaders think green rebates are a waste of money or threaten the free market. In fact, a House committee unanimously passed a plan to extend the EV incentives until 2023 and double...