Meter Reading: Looking for Full Disclosure From Frackers, How the U.S. Could Out-Drill Saudi Arabia, and More

Photo by the Texas Energy Museum/Newsmakers

A crowd gathers to watch a side gusher on Spindletop Hill in Beaumont, Texas which was the site of the first Texas oil gusher, January 10, 1901. A new oil boom in Texas is helping the country produce more oil than it has for some time.

Could U.S. Produce Enough Oil To Rival Saudi Arabia? – “”By 2013, we’ll probably be a little over 11 million barrels a day,” says EIA administrator Adam Sieminski. “That puts you pretty close to Saudi Arabia’s” production of more than 11 million barrels a day, he says.” — NPR

Lower prices to hit Big Oil’s 3Q profit – “Big Oil’s bottom line is expected to take a hit in third-quarter earnings reports because of sharply lower natural gas prices in North America and downtime at production and refining plants because of hurricanes and seasonal maintenance.” — San Antonio Express-News

Environmentalists ask feds for drilling chemical disclosure – “The move is the latest gambit by environmental activists to shed more light on pollution from domestic oil and gas development, as a surge of drilling sends rigs to North Dakota, Pennsylvania, West Texas and other parts of the country.” — Fuel Fix