Posted April 25, 2013
Low-cost shale natural gas has made North America – specifically the United States – a more competitive region for petrochemical producers. The sector has plans to add $120 billion in investments through 2030, according to an IHS analysis.
AEI Ideas Carpe Diem Blog – Spectacular Rise in America’s Oil Output
The U.S. last week reached a 21-year high for domestic oil production, more than 7.3 million barrels of oil per day, something that is “nothing short of phenomenal,” writes blogger Mark J. Perry. The last time U.S. output exceeded the 7.3 million bpd mark was in 1992.
The Philadelphia Inquirer – Dispelling Myths About Fracking
In a guest column, Breitling Oil & Gas CEO Chris Faulkner debunks a number of falsehoods about hydraulic fracturing. “Every community in America stands to gain from fracking, and, despite what detractors say, there's almost no downside,” he writes.
US News and World Report – Is the Oil Industry Really Getting a Sweet Deal on Taxes?
Collectively, the major oil producers paid $96 billion in taxes in 2012. Looking at it another way: energy companies paid $3 in taxes for every dollar of profit. The magazine notes that the oil and natural gas industry still pays some of the highest taxes compared to other industries.
The U.S. natural gas surge continues to drive the push for liquefied natural gas (LNG) exports. CNBC has coverage of a conference this week at which the LNG export question got a lot of attention.
New York Times – By 2023, a Changed World in Energy
The newspaper takes an in-depth look at the way energy could look a decade from now. “Much of the future of energy will depend on government policy, of course, and several major decisions in the United States are coming soon.”
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.