Oil

Energy Transfer

McCracken County emergency management officials are getting the word out about construction now underway on an existing natural gas pipeline that runs through far-western Kentucky.

Like cheap gasoline?

Then you're in luck. Experts say gas prices very likely will keep falling. That's because a report released Wednesday showed a sharp increase in gasoline inventories.

The U.S. Energy Information Administration said that last week, companies added another 10.6 million barrels of gasoline, creating the biggest surge in supply since 1993. That added to fears that supplies will far outstrip demand for a long time.

WCN 24/7 / Flickr (Creative Commons License)

Kentucky’s Energy and Environment Cabinet will hold three meetings across the state to take public comments on oil and gas development.

The dustiest portion of my home library includes the 1980s books — about how Japan's economy would dominate the world.

And then there are the 1990s books — about how the Y2K computer glitch would end the modern era.

Go up one more shelf for the late 2000s books — about oil "peaking." The authors claimed global oil production was reaching a peak and would soon decline, causing economic chaos.

The titles include Peak Oil and the Second Great Depression, Peak Oil Survival and When Oil Peaked.

DOE

Oil production in Kentucky over the past eleven years reached 31 million barrels but increased significantly in the last year. That’s what the executive director of the Kentucky Oil and Gas Association told a House panel in Frankfort today.

Andrew McNeill testified before the House Natural Resources and Environment Committee. He says the state’s average annual production during the period was 2.5 million barrels.