Energy Today – March 21, 2013

Mary Schaper
Posted March 21, 2013

U.S. News and World Report – U.S. Oil Production Set to Surpass Imports for First Time in 20 Years

Thanks in large part to surging production from shale via hydraulic fracturing, America’s domestic energy production  is projected by the government to reach another milestone: outpacing imports for the first time since 1995. EIA projects oil production will be 2 million barrels a day higher than imports by the end of next year.

Platts – U.S. Energy Industry Must Oppose Efforts to Restrict LNG Exports

"Proposals to block LNG investments ... represent a selective and harmful departure from the free market and free trade principles,” ExxonMobil Chemical President Stephen Pryor said at an IHS petrochemical conference this week. Platts has more on natural gas development and exports.

EIA Today in Energy – Pennsylvania Natural Gas Production Rose 69 Percent in 2012

Despite a significant drop in drilling activity in the Marcellus Shale, natural gas production rose dramatically  last year in the Keystone State. The reason? Most notably the improvements in innovative techniques like horizontal drilling and hydraulic fracturing that allows for more production per well.

The Oklahoman – Rep. James Lankford Makes Case for Natural Gas Exports

Editorial: The newspaper says that during a House subcommittee hearing this week,  Lankford made “a calm, rational, informed case for exporting LNG.”

AEI Ideas – Natural Gas Production Reached Record Highs Even Though U.S. Gas Rigs Have Decreased by 75 Percent

Mark J. Perry notes that record U.S. natural gas production, despite a significant decline in  drilling rigs, and rising production of oil from shale point to technological advances that are changing the U.S. energy narrative.