Posted July 30, 2014
America’s Bright Energy Future
The Hill (Rick Manning): Domestic energy production on private or state lands has surged over the past seven years, and this is great news for America. Per barrel oil production has increased 400 percent to an estimated 400 barrels per day in the past six years in what are known as the big three oil fields: Bakken (North Dakota), Permian Basin and Eagle Ford (Texas).
The International Energy Agency (IEA) projects that next year, the United States will surpass Saudi Arabia and Russia to become the world's largest oil producer, and by 2035, the U.S. is projected to have finally achieved the long-promised goal of energy self-sufficiency.
Of course, President Obama has been crowing about this as one of his administration's achievements, which like many of his claims, is far from the truth, as energy production on federal lands has actually declined during his tenure in office.
But this story is not about the federal government's shortcomings in this quest, or even about the environmentalist regulatory attempts to stymie energy development. No, it is about what happens when profit drives very smart people to figure out new ways to accomplish seemingly impossible tasks, and what it means to you and me when they succeed.
The BBC writes that the U.S. move toward energy self-sufficiency, "could help spark a golden age for [U.S.] manufacturing."
Read more: http://bit.ly/UA2R40
More industry news:
Putting America’s Energy Leverage to Use: http://on.wsj.com/1mZPyRa
Analyst – Foreign Investment in U.S. Shale to Continue: http://bit.ly/1klce3L
Hiring in Shale Industry Shifts to Engineering, Construction Workers: http://bit.ly/1mZPtwH
Platts Energy Week with Senator Lisa Murkowski: http://bit.ly/1rCvgRL
Editorial: Oil Sands Nothing to Be Afraid of: http://bit.ly/1tWppIC
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.