The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

us-crude-oil-production  global-markets  shale-energy  hydraulic-fracturing  horizontal-drilling  saudi-arabia  exxonmobil  epa-regulation  pipelines  utica-shale 

Mark Green

Mark Green
Posted December 4, 2014

National Journal: World oil producers have put oil prices into a free fall, refusing to pare back global supplies in the hopes that low prices will derail the fracking-backed production boom in the U.S. and preserve OPEC's power over world energy markets.

But global analysts are skeptical that the move will work.

The basic reason: Prices remain high enough to keep pumping. "Looking out there, it seems like there's a huge amount of oil that can be produced at $60, $70 per barrel," said Michael Lynch, president of consulting firm Strategic Energy and Economic Research, referring to the prices for Brent crude oil, a global reference point.

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maryland  safe-operations  hydraulic-fracturing  horizontal-drilling  fracking  natural-gas-development  shale-energy  tax-revenues  royalty-payments  lng-exports 

Mark Green

Mark Green
Posted December 2, 2014

Maryland Gov. Martin O’Malley’s recent announcement – that he plans to lift the state’s three-year moratorium on hydraulic fracturing, possibly clearing the way for future natural gas development – is potentially good news for the state, its citizens and America’s broader energy picture.

A new report by the state’s Department of the Environment and the Department of Natural Resources details some of the possible benefits:Garrett County in western Maryland could gain as many as 2,425 new jobs while realizing $3.6 million in tax revenues and $13.5 million in severance tax revenues.Neighboring Allegany County could see as many as 908 new jobs, $1.8 million in tax revenues and $2.3 million in severance tax revenues over 10 years. “Royalty payments to the owners and lessors of mineral rights could provide significant income,” the report says.

Significantly, the department concludes what a number of other states have found and are demonstrating – that advanced hydraulic fracturing and horizontal drilling to develop natural gas and oil from shale and other tight-rock formations can be conducted safely and efficiently.

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energy-policies  oil-and-natural-gas-development  domestic-production  energy-exports  access  regulation  offshore-drilling  hydraulic-fracturing  horizontal-drilling 

Mark Green

Mark Green
Posted December 1, 2014

There’s a new global energy order – with the United States at the hub. That’s the assessment in a number of articles following last week’s meeting of oil-exporting countries.

The benefits to America are manifold. The U.S. as global energy’s new center of gravity means economic strength here at home through jobs, consumer benefits and greater energy security, and the opportunity to project positive American values abroad – by impacting global markets as discussed above and by helping friends overseas through energy exports. All result from America’s energy revolution, built on safe development of oil and natural gas reserves from shale and other tight-rock with advanced hydraulic fracturing and horizontal drilling.

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american-energy  oil-and-natural-gas-production  shale-energy  hydraulic-fracturing  horizontal-drilling  fracking  crude-oil  exports  gasoline-prices 

Mark Green

Mark Green
Posted November 27, 2014

Happy Thanksgiving everybody.

When it comes to energy there’s much for which Americans can give thanks.

We have plentiful and accessible reserves of oil and natural gas that fuel healthy, mobile, modern lifestyles.

We enjoy safe and secure crude oil imports from Canada, our neighbor and ally and No. 1 source of imported oil.

Our country is served by a vibrant, modern industry – one that’s second to none in the use of safe, hydraulic fracturing and horizontal drilling, offshore development and environmental awareness.

America keeps running thanks to a vast pipeline network and the world’s biggest, most-efficient refineries. And there’s more.

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methane-emissions  epa-regulation  oil-and-natural-gas-development  greenhouse-gas-emission-reduction  industry-standards  hydraulic-fracturing  horizontal-drilling 

Mark Green

Mark Green
Posted November 26, 2014

The New York Times has an editorial urging Washington to regulate emissions of methane – no surprise as “The Gray Lady” has to uphold her “green” bonafides. But methane as an “overlooked” greenhouse gas, as the editorial’s headline states? Hardly.

While the Times may have just discovered methane, industry has been working to reduce emissions – and is succeeding, at a rate that casts doubt on the need for a new federal regulatory layer.

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safe-operations  energy-development  hydraulic-fracturing  horizontal-drilling  federal-lands  natural-gas-exploration 

Mark Green

Mark Green
Posted November 21, 2014

Credit the U.S. Forest Service for adopting a revised plan for the George Washington National Forest that will allow safe and responsible energy development using hydraulic fracturing and horizontal drilling.

As others said of the plan, science won out in the sense that hydraulic fracturing and horizontal drilling can be conducted safely while protecting the forest itself as well as the watershed within it.

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keystone-xl-pipeline  canadian-oil-sands  american-energy  economic-security  economic-growth  job-creation  crude-prices  hydraulic-fracturing  horizontal-drilling  oil-and-natural-gas-development 

Mark Green

Mark Green
Posted November 14, 2014

The Fix (Washington Post): President Obama is fond of telling Congress that it should pass things with the overwhelming support of the American people, including (among other things) comprehensive immigration reform, increasing the minimum wage, and increasing gun background checks.

And yet, Obama could soon be in a position of vetoing something with a similar amount of support: the Keystone XL pipeline.

Poll after poll has shown support for Keystone is somewhere between very strong and overwhelming. A Pew Research Center survey this month showed support for the project at nearly two-to-one, 59 percent to 31 percent. And that was about the lowest level of support we've seen to date. Support has registered as high as two-thirds of Americans.

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shale-energy  lng-exports  fracking-chemicals  hydraulic-fracturing  horizontal-drilling  natural-gas-pipelines 

Mary Leshper

Mary Schaper
Posted November 12, 2014

EIA Today in Energy Blog: Increased natural gas production is projected to satisfy 60% to 80% of a potential increase in demand for added liquefied natural gas (LNG) exports from the Lower 48 states, according to recently released EIA analysis. The report, Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Market, considered the long-term effects of several LNG export scenarios specified by the Department of Energy's Office of Fossil Energy (FE). The study also considered implications for natural gas prices, consumption, primary energy use, and energy-related emissions. Effects on overall economic growth were positive but modest. A discussion of caveats and limitations of the analysis is also included.

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keystone-xl-pipeline  oil-imports  exports  natural-gas-pipelines  utica-shale  hydraulic-fracturing 

Mark Green

Mark Green
Posted November 6, 2014

National Journal: Republicans' midterm victory means a Keystone XL pipeline is coming front-and-center to Congress's energy agenda, but that doesn't mean President Obama wants to talk about it.

Obama got a question during his Wednesday presser about a bill that ascendant Republicans plan to send him on approving the Keystone XL oil-sands pipeline. Obama didn't say point blank whether he'd reject the bill, instead saying he would let the "process play out" with the ongoing State Department review. He added that his parameters for evaluating the project are whether it would be good for U.S. pocketbooks, would really create jobs, and would not worsen climate change.

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american-energy  oil-and-natural-gas-development  economic-growth  job-creation  keystone-xl-pipeline  shale-energy  hydraulic-fracturing  horizontal-drilling 

Mark Green

Mark Green
Posted November 4, 2014

Even before Americans went to the polls Tuesday, it’s clear American-made energy is this year’s winner. You could see it in pre-election public opinion surveying showing overwhelming support for increased production of domestic oil and natural gas as a job creator (90 percent), a national priority (87 percent) and as a boon to consumers (79 percent).

Regardless of who wins the most seats in Congress, the nation’s leaders should view policy choices with the knowledge that Americans strongly believe the ongoing U.S. energy revolution is a catalyst for individual prosperity, overall economic growth and national security. API President and CEO Jack Gerard, in a guest post for The Hill:

It may take weeks and a few run-off elections to determine control of Congress. But the American people have already given the House and Senate a clear mandate:  create jobs, boost the economy and advance America’s energy security through commonsense energy policies.

Here’s how we know this is true: As you look across the expanse of America, represented in the different state contests for the U.S. Senate, there’s broad bipartisan support for U.S. energy.

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