Energy

Gov. Mary Fallin and Secretary of Energy and Environment Michael Teague at the Governor's Energy Conference September 4, 2014 in Oklahoma CIty.
Joe Wertz / StateImpact Oklahoma

Gov. Mary Fallin on Thursday approved the transfer of nearly $1.4 million from the state emergency fund to strengthen Oklahoma’s earthquake response.

The money is going to a pair of agencies tasked with researching the earthquake surge and regulating the oil and gas activities likely causing it.

Happy times are here again at the gas pump. The price of oil keeps falling, and Americans are filling their tanks for less than $2 a gallon. The government says cheaper gasoline put an extra $100 billion into drivers' wallets last year alone.

That seems like it would be good for the economy. Turns out, it might not be.

"Is it possible that lower oil prices could actually hurt the U.S. economy?" asks Vipin Arora, an economist with the U.S. Energy Information Administration. "I think the answer could be yes."

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RENEE MONTAGNE, HOST:

Local air regulators are suing Southern California Gas Co. over the massive ongoing natural gas leak near the Los Angeles neighborhood of Porter Ranch, seeking millions of dollars in penalties.

The civil suit alleges that the company's negligence led to injuries and has created "an ongoing public nuisance."

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RENEE MONTAGNE, HOST:

San Diego is the largest city in the country to commit to using only renewable energy, a goal that political parties, environmentalists and business groups hope to meet over the next 20 years.

That's right. There is broad consensus to reach this environmentally ambitious plan.

"A thriving business environment is one in which the quality of life is high so that we can attract the best and brightest talent from around the nation [and] around the world," says Sean Karafin, with the San Diego Regional Chamber of Commerce.

When Southern California Gas Company finally manages to seal a natural gas storage well that's been leaking for months, the company will have to shut the well down permanently, California regulators say.

And in the meantime, the company will have to minimize air pollution from the ongoing leak and fund an independent study on potential health impacts on the surrounding community.

Oklahoma Water Resources Board project coordinator Jason Murphy samples water in the frigid Canadian River east of Oklahoma City.
Joe Wertz / StateImpact Oklahoma

Oklahoma's economy runs on oil. The energy industry drives 1 in 5 jobs and is tied to almost every type of tax source, so falling oil prices have rippled into a state budget crisis.

Crude oil prices have dropped more than 70 percent, and that's created problems across government agencies in Oklahoma. Jason Murphy is a project coordinator for the Oklahoma Water Resources Board. He slides on a pair of waders, unspools a sensor probe and splashes into the frigid Canadian River east of Oklahoma City.

At $1.22 a gallon, a gas station on Columbus, Ohio's southwest side is drawing customers from all parts of the city. Stan Cartwright drove there from across town.

"I came for the gas price. I live on the East Side, and so, you know, I had to make a little bit of a commute, but it was worth it," he says.

The bargains aren't just in Columbus; drivers all around the state are saving money.

"Prices in Ohio tend to be very, very competitive," says GasBuddy.com petroleum analyst Patrick DeHaan.

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