Marcellus & Utica Shale Story Links: Tue, May 8, 2012

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:

Record Gas Use by U.S. Utilities Fails to Drive Up Price: Energy
The Washington Post
U.S. utilities led by Southern Co. are burning a record amount of natural gas to generate electricity without triggering a forecasted boost to the fuel’s price from near 10-year lows.

Applicants Screened for Shale Job Training
WYTV Youngstown
Zane State College and Retrain America are partnering with Youngstown State University for the Shale Exploration Certification program.

Marcus Hook refinery’s fate still uncertain
Now that ConocoPhillips has agreed to sell its Trainer refinery to Delta Air Lines, and Sunoco Inc. is engaged in talks to run its Philadelphia refinery as a joint venture, the immediate fate of only one of the region’s endangered refineries remains clouded in uncertainty.

Are the Feds Intent on Fouling Fracking?
The Motley Fool
If you’re an aficionado of energy investments you may agree that the august Wall Street Journal committed the journalistic gaffe of "burying the lede" on Friday.

Auditor: County not fully benefiting from shale development
Harrison News Herald
The Buell well may be showing high numbers for production, but they will not necessarily be reflected in Harrison County’s cashflow.

PN Bakken: Exxon moving drilling rigs to Bakken
Petroleum News
XTO parent increases 5-year capital projects budget by 29 percent to $185 billion; most will be spent finding more oil In the midst of falling oil production and a first quarter net income decline of 11 percent, Exxon Mobil Corp.

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