Business

Home › Article › Page 3

Faces of the Marcellus Shale

by John Beale

In the past several years, ancient organic matter trapped more than a mile beneath the surface of the earth has changed life in Greater Pittsburgh. The vast deposits of natural gas deep in rock are known collectively as the Marcellus Shale. The Marcellus has softened the Great Recession and brought a cash infusion to previously …

Faces of the Marcellus Shale Read More »

The Utica Shale

by Seamus McGraw
A century and a half ago, a desperate, down-on-his-luck former railroad man named Edwin Drake wandered into a remote hollow in northwestern Pennsylvania and stuck a drill a few dozen yards down into the rocky soil. After a few false starts, Drake and his men struck a cache of crude oil that, while small by …

The Utica Shale Read More »

Labor Management

by Bette McDevitt
Against a backdrop of high national unemployment and concern about U.S. dependence on foreign energy, Richard Trumka, former president of the United Mine Workers and current president of the AFL-CIO, and Nicholas DeIuliis, president of Consol Energy, met in the second of a series of labor-management discussions sponsored by the Community College of Allegheny County. …

Labor Management Read More »

A Natural-Gas Ponzi Scheme?

by Seamus McGraw
It was, on the surface, a devastating indictment: a report in The New York Times, the nation’s leading newspaper, alleging that the natural gas industry—an eclectic and fiercely competitive collection of players that included in its ranks everyone from cowboy drillers to staid overseas nationals like StatOil Hydro—may have joined together in a secret cabal …

A Natural-Gas Ponzi Scheme? Read More »

Middle East Connection

by Sean D. Hamill
For 18 years, the Columbia, Md.-based engineering and construction firm Allen & Shariff grew quickly in the mid-Atlantic area, opening its Pittsburgh office in 2000, and looking to expand internationally. It had enough success with projects in the United Arab Emirates that it opened an international office in 2008. But it couldn’t break into another …

Middle East Connection Read More »

A Toxic Topic

by Seamus McGraw
There is no doubt about it. The Marcellus Shale is radioactive, in every sense of the word. In the literal sense of the word, geologists and drillers have long known that each shale deposit has its own radioactive signature. In fact, they have often measured that radiation—from uranium, thorium, radium 226 and radium 228—and used …

A Toxic Topic Read More »

Politics and the Marcellus Shale

by Seamus McGraw
It was Nov. 3, one day after the stunning midterm elections that had routed the Democrats and left the party in disarray both nationally and in Pennsylvania. The political landscape was still smoldering when Karl Rove, one of the key architects of that Republican victory, stepped to the podium in a Pittsburgh conference center and …

Politics and the Marcellus Shale Read More »

Our Water and the Marcellus Shale

by Seamus McGraw
The rig, a 70-foot steel spire, soared above the manmade moonscape atop the plateau that Chesapeake Energy’s contractors had hewn out of the hillside on my family farm in Wyoming County. And as my 8-year-old daughter and I trekked along the ridge above it to get a better look, I was struck with an odd …

Our Water and the Marcellus Shale Read More »

Masters of their Fate

by Jeffery Fraser
Dawn was still hours away when Jim Rohr emerged from National City Corp. headquarters in downtown Cleveland on Oct. 24, 2008. The streets were empty, but familiar. His grandfather’s deli had stood just across the street. Not far from there was where his father had moved the deli, which later became a restaurant. Rohr worked …

Masters of their Fate Read More »

A Gas-Based Economy

by Seamus McGraw
It was mid-afternoon in late winter, and the public relations man for one of the larger drilling companies in Pennsylvania was driving me back along a rutted country road from a rig we had just visited. He had been extolling the virtues of the state’s vast cache of natural gas, ticking off the ways in …

A Gas-Based Economy Read More »

Power Play

by Reid R. Frazier
Six years ago, Keith Schaefer was reviewing a portfolio of companies for a group of investors headed by Pittsburgh financier Sam Zacharias and Andy Russell, the former Steeler. Schaefer and his group were scrutinizing a company that used power lines for telecommunication. As he met with utility executives, the conversation veered off topic.  “I realized …

Power Play Read More »

Workers Wanted: The Marcellus Shale

by Seamus McGraw
It’s early, the sun is just peeking up over those western Pennsylvania hills, and it’s cold and bleak as he pulls into the brightly lit service station-cum-convenience store to fill up the pressed-steel canyon that is the fuel tank of the company-owned Cummins 3500 pickup he’s driving. There’s nothing in the world that Shawn Clark …

Workers Wanted: The Marcellus Shale Read More »

Considering the Alternatives

by Jennifer Bails
In 1926, much of Pittsburgh was still bathed in gaslight, and in that warm, industrial glow, Jim Ferry saw a future for himself, his family, and the city. The gutsy young entrepreneur formed his own business with a $160 loan that his mother signed using her furniture as collateral. He found his first customers by …

Considering the Alternatives Read More »

We Have the Power

by Reid R. Frazier
Turn on a light bulb. Run the dishwasher. Boot up the computer. Run a Google search. Somewhere, a turbine spins, a coal-laden barge docks near a power plant, a nuclear reactor harvests the bound-up energy of a uranium atom. Electricity generation leads to the release of harmful emissions and a relentless pursuit to extract more …

We Have the Power Read More »

Marcellus Shale: Doing it Right

by Seamus McGraw
Oct. 8, 2009, at the Kearns Well near Brush Run, Washington County: As industrial accidents go, this wasn’t a particularly bad one. A valve on a massive water tank had failed. Designed for the low hydrostatic pressures encountered in the flatlands out west, the valve had been no match for the pressures generated by the …

Marcellus Shale: Doing it Right Read More »

Oxymoron or Opportunity?

by Jeffery Fraser
From Pittsburgh to the hills of West Virginia, a small army of scientists is racing to tame the billions of tons of carbon vented from coal-burning power plants, working with data sets, computer models, cost analyses and other such tools that belie the drama of their high-stakes investigation. Burning coal casts off nasty pollutants, including …

Oxymoron or Opportunity? Read More »

The Story of the Marcellus Shale

by Seamus McGraw
For days, they had been rumbling up the rutted dirt track that led to the top of the rocky dome above the rolling fields of Washington County; a ’round-the-clock procession of big rigs carting up thousands of gallons of water. They’d drop their loads, turn around as best they could in the axle-deep mud that …

The Story of the Marcellus Shale Read More »

Energy & Pittsburgh

by Douglas Heuck
Beginning in this issue and then picking up steam over the next three, Pittsburgh Quarterly is publishing a series examining Pittsburgh’s contributions to and potential in the realm of energy. Few regions in the world are as well prepared as greater Pittsburgh to play a key role in a variety of different energy sectors. When you …

Energy & Pittsburgh Read More »

Six CEOs

by Dennis Unkovic
Enron’s spectacular collapse in 2001, followed by WorldCom’s demise after Bernie Ebbers enjoyed more than $400 million in loans approved by his board of directors, led to the passage of the Sarbanes-Oxley Act of 2002 (SOX). SOX was intended to change the behavior and accountability of publicly traded companies, CEOs, boards of directors and public …

Six CEOs Read More »

The China Syndrome

by Dan Fitzpatrick
Annie Wang was 9 when her parents vanished behind the Bamboo Curtain. It was the start of China’s “Cultural Revolution,” a terrible time for anyone in that country with money or status. Communist Party Chairman Mao Tse-tung urged citizens to engage in “class struggle” and the overthrow of “capitalist roaders,” encouraging the political persecutions, betrayal, torture, …

The China Syndrome Read More »

How to Profit from the Coming Singularity

by James H. Morris
Singularity” is a term that futurists have borrowed from mathematics to describe an event so profound that nothing is the same afterwards. Noah’s flood would be an example. There are four singularities on the horizon, and each offers many opportunities to make money. The internet swallows the world In “Mirror Worlds: Or the Day Software …

How to Profit from the Coming Singularity Read More »

Policy Abroad Needs Work

by William W. Keller & Thomas G. Rawski
At first quietly, a group of us has been working to build a world-class institute at the University of Pittsburgh that analyzes emerging security problems and opportunities. Working closely with the U.S. military and key policy experts, the Matthew B. Ridgway Center for International Security Studies investigates rapidly emerging and evolving threats. One of the issues …

Policy Abroad Needs Work Read More »

Top