Source: GWPF

Ice samples pulled from nearly a mile below the surface of Greenland glaciers have long served as a historical thermometer, adding temperature data to studies of the local conditions up to the Northern Hemisphere’s climate. But the method — comparing the ratio of oxygen isotopes buried as snow fell over millennia — may not be such a straightforward indicator of air temperature. “We don’t believe the ice cores can be interpreted purely as a signal of temperature,” says Anders Carlson, a University of Wisconsin-Madison geosciences professor. “You have to consider where the precipitation that formed the ice came from.” –e-Science Earth & Climate, 25 June 2012 (more…)

Source:  Weatherbell Analytics

by Alan Lammey

There are lots of cliché-ish sayings in the energy futures industry, but two of my favorites are, “Prices
don’t go up forever, but they also don’t go down forever, either.” Followed by, “Traders are in the ‘moving
business’, not the ‘storage business’.” Both are fairly accurate statements – but in this case, I believe
they’ll contribute to another move to the upside in August natural gas futures over the next 2-3 weeks,
potentially retesting the $4.80 to $5 per MMBtu area. (more…)

Source:  TownHall

by Paul Driessen

America is running out of natural gas. Prices will soar, making imported liquefied natural gas (LNG) and T Boone Pickens’ wind farm plan practical, affordable and inevitable. That was then.

Barely two years later, America (and the world) are tapping vast, previously undreamed-of energy riches – as drillers discover how to produce gas from shale, coal and tight sandstone formations, at reasonable cost. They do it by pumping a water, sand and proprietary chemical mixture into rocks under very high pressure, fracturing or “fracking” the formations, and keeping the cracks open, to yield trapped methane. (more…)