So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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The United Kingdom is creating tax incentives in order to entice on shore oil and gas exploration. Some speculations claim that there is an abundance of gas in the Bowland basin region: enough to supply the country for 500 years. However, there is a fair amount of resistance to the practice of fracking. There is concern that the practice could lead to water contamination as well as a host of other environmental issues. Robert Hutton and Nidaa Bakhsh explain the current situation in the UK. U.K. Opens Bidding for New Round of Shale Gas Exploration By:Robert Hutton and Nidaa Bakhsh The U.K. began the bidding process for the next set of onshore oil and gas exploration licenses, including shale that is considered a cheaper and more secure energy source. The Department of Energy and Climate Change set out the details, which include planning guidance for areas of outstanding natural beauty, national parks and world heritage sites. About half the U.K. will be open for bids. Shale gas
It seems that the oil industry and politics are continually hand-in-hand. In this article from the Wall Street Journal, Holman K. Jenkins, outlines how blue states play into the industry. Jenkins explains how oil, technology, and politics work together and how states are capitalizing on new jobs in the energy sector. How Virginia Became the Oil Patch By:Holman W. Jenkins, Jr. As long as Americans are burning oil and gas,a bluish state wants its share of the jobs and revenues. Casually putting energy resources off-limits for environmental reasons, the American habit since the 1960s, just doesnt play politically anymore now that voters can see what it costs in jobs and revenues. Call it one more consequence of the fracking revolution. This great reversal, and not some all of the above energy vision the White House likes to tout, explains the Obama administrations decision last week to let oil companies begin seismically prospecting on long-closed sections of the Atlantic seaboard.