Posted May 15, 2013
Washington Examiner – Fracking Could Create New Wealth for New York
In a guest column, former Department of Labor Chief Economist Diana Furchtgott-Roth discusses the opportunities hydraulic fracturing could bring to New York state. “Using the Pennsylvania data to project fracking's effect on New York counties, I find that the incomes of those who live in the 28 New York counties above the Marcellus Shale have the potential to expand by as much as 15 percent over the next four years -- if the state's moratorium is lifted.”
National Journal – Natural Gas Exports Loom Large Over Washington
NJ’s Amy Harder takes a look at the liquefied natural gas debate after a visit to Dominion’s Cove Point, Md., facility – a former import terminal waiting for federal approval to add export capabilities.
"U.S. shale oil will help meet most of the world's new oil needs in the next five years, even if demand rises from a pick-up in the global economy," the International Energy Agency predicted Tuesday. The rise in North American supply is largely due to a rise in U.S. natural gas development through hydraulic fracturing.
Bloomberg Businessweek – U.S. Boom Transforming Global Oil Trade
U.S. petroleum imports have fallen 22 percent since hitting a record in the middle of the last decade, writes BW. Thanks to a surge in oil production in the U.S. and shrinking oil consumption in the developed world.
The total revenue the Eagle Ford Shale brought Nueces County in 2012 was $8.5 billion, and experts project that number will climb to $19.8 billion by 2022. KRISTV’s report details the benefits of shale development on the local economy.
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.