The People of America's Oil and Natural Gas Indusry

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economy  jobs  american-energy  business  fracking 

Mary Leshper

Mary Schaper
Posted September 23, 2014

FuelFix Blog: From steel pipe manufacturers to companies that produce sand and gravel, the U.S. shale boom is buoying businesses far removed from the oil and gas fields, a new study finds.

These companies are benefiting from the huge investments needed to explore, produce, process and transport oil and gas unlocked from previously inaccessible dense rock formations through advances in hydraulic fracturing and horizontal drilling, according to the findings by Houston-based energy analyst firm IHS.

The boom has been most generous to companies working in states with the most oil and gas activity, but the economic boost has also trickled down to steel-makers and machine tool manufacturers based in regions with no production, the report said.

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economy  jobs  fracking  business  supply  american-energy 

Mary Leshper

Mary Schaper
Posted September 10, 2014

Reuters: The U.S. government on Tuesday jacked up its forecast for oil production next year by 250,000 barrels per day (bpd) as the boom in shale oil drilling continues to confound expectations of slower growth.

The U.S. Energy Information Administration now expects domestic output to rise to 9.53 million bpd, growing by around 1 million bpd for a third consecutive year, according to its latest monthly short-term energy outlook. A month ago the EIA had predicted output growth would slow in 2015 to 800,000 bpd.

The U.S. shale boom has allowed producers to unlock thousands of barrels of reserves, putting the United States on course to become the largest producer of oil globally, which would dramatically reduce its dependence on imports.

"Rising monthly crude oil production, which will approach 10 million barrels a day in late 2015, will help cut U.S. fuel imports next year to just 21 percent of domestic demand, the lowest level since 1968," EIA Administrator Adam Sieminski said.

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american-energy  energy-efficiency  energy-security  business  fracking  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted March 11, 2014

Liquefied Natural Gas as a Geopolitical Tool

Denver Post Editorial: Speeding up U.S. natural gas exports was a good idea even before the crisis in Crimea, but it's an even better idea now.

It's not as if U.S. exports are going to undermine Vladimir Putin's imperialistic designs in the short term. Ukraine would love to be less dependent on Russia for natural gas, but the export infrastructure in the U.S. for liquefied natural gas (LNG), particularly in terms of ports, isn't ready.

Indeed, the earliest that an export terminal is expected to come on line is in late 2015, with other terminals becoming operational perhaps a couple of years later. For that matter, the government doesn't direct where exports go. If the price in Asia for LNG is higher than in Europe, U.S. exports will tend to wind up there.

Still, the more gas is available worldwide, the less leverage Putin will have in bullying neighbors and in talks with European powers such as Germany, which also depends on Russian gas.

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business  domestic-energy  energy  energy-policy  environmental-protection-agency  epa34  ghg34  greenhouse-gas  greenhouse-gas-emissions  manufacturing  moratorium  over-regulation  senate  democrats  mining  senate-appropriations-committee 

Jane Van Ryan

Jane Van Ryan
Posted October 1, 2010

A group of 17 trade associations representing mining, chemicals, energy, manufacturing and business are asking key Democrats on the Senate Appropriations Committee as well as Senate Republican Leader Mitch McConnell (R-Ky.) and Senate Appropriations Committee Ranking Member Thad Cochran (R-Miss.) to support an initiative to stop or delay the Environmental Protection Agency's (EPA) proposed greenhouse gas (GHG) emission rules. In two separate letters, the trade groups, which include API, ask the senators "to pursue a moratorium on the stationary source rules...."

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