Posted June 4, 2013
Fox Business – Oil and Natural Gas Industry Readies for Hurricane Season
API’s Rayola Dougher stopped by Fox Business and outlined measures the industry takes to prepare its employees and facilities for the threats posed by hurricanes. “Worker safety is the industry’s top priority,” Dougher said.
CNN Money – U.S. Steps Up Natural Gas Exports
With the Energy Department granting a second liquefied natural gas export license last month, the U.S. might soon see the approval pace quicken on the remaining export applications, CNN reports.
Posted May 30, 2013
Washington Post – Allow U.S. Natural Gas Exports
A newspaper editorial urges new Energy Secretary Ernest Moniz to act swiftly on applications to export liquefied natural gas: “We are confident that any even-handed consideration will lead Mr. Moniz to the same conclusion that so many experts have already embraced: that allowing the country to sell its bounty to the world will leave it and its trading partners better off.”
National Geographic – Monterey Shale Shakes California’s Energy Future
With the U.S. government estimating as much as 15.4 billion barrels of oil could be locked in the Monterey play, a state that has been a leader in clean energy could see a different energy future unfold, NatGeo reports. One study found that development of shale energy could add as many as 2.8 million jobs by 2020 and increase tax revenue by $4.5 billion.
Posted May 29, 2013
Texas is killing it, reports the magazine’s website A new analysis of jobs recovered since the economic downturn finds that the state’s largest city stands apart as the most powerful job engine in the country – thanks to its ties with the energy industry.
CNN Opinion – Make Sure Fracking is Done Right
In a guest post, the Council On Foreign Relations’ Michael Levi writes that “people are right to insist that [hydraulic fracturing] is done safely, but they're wrong if they conclude that it can't be.”
Posted May 24, 2013
In a letter, 24 Senate Republicans urged President Obama not to tie the Keystone XL pipeline project to “wholly unrelated and economically disastrous new regulatory policies.”
A revamped FracFocus website – expected next week – will now allow regulators to search and aggregate data. The Environmental Defense Fund’s Mark Brownstein called it “a substantial improvement.”
Posted May 24, 2013
Comments on the potential of U.S. natural gas from new Energy Secretary Ernest Moniz, in a video posted to his Facebook page:
“The way I look at it is that this natural gas boom is a boon. First of all, we all know that it is partially responsible for the decrease in CO2 emissions that we have experienced over the last years in the absence of, at least, over-arching legislation. Secondly, what I would argue is that the way to look at it – and, you know, as gas as kind of a bridge to a very low carbon future – is that it affords us a little bit more time to develop the technologies, to lower the costs of the alternative technologies, to get the market penetration of these new technologies.”
Posted May 23, 2013
Richmond Times-Dispatch – Warner, Kaine Introduce Bill to Allow Offshore Energy Leases
Virginia Senators Mark Warner and Tim Kaine want the current offshore drilling moratorium lifted off the coast of their state. Under their legislation, leases for offshore oil and natural gas drilling as well as wind farms could take effect in 2020.
Fuel Fix Blog – W.Va. to launch New Oil, Natural Gas Job Training Center
Two West Virginia colleges are opening training facilities focused on oil and natural gas development. Both schools will house indoor and outdoor laboratories to simulate drilling operations and will offer a variety of training programs to prepare students for jobs in the industry.
Posted May 22, 2013
The Hill’s E2 Wire – Senators Warned of ‘Narrowing’ Opportunity to Increase Natural Gas Exports
In an ongoing series of hearings focused on American natural gas exports, the Senate Energy Committee heard from panelists on the pending LNG export applications. The president of Sempra LNG noted that “if we wait too long … we will lose the jobs” associated with U.S. LNG projects.
National Journal – Graphic: Keystone XL is More Than a Pipeline
The House is set to vote on legislation that would approve construction of the Keystone XL pipeline today. In advance of the vote, NJ has an infographic that details everything from the project’s route size and how much oil it will deliver to its supporters and opponents.
Posted May 21, 2013
Kudos to Senate Energy and Natural Resources Chairman Ron Wyden for a series of hearings on natural gas issues, including Tuesday's on the impacts of exporting liquefied natural gas (LNG). It’s vital that policymakers understand the scope of America’s natural gas wealth – thanks to hydraulic fracturing – so they can make decisions that will let this wealth work for Americans. The export of LNG is a prime example.
Currently, the Energy Department is considering 18 applications for U.S. facilities that would export American LNG to friends and allies overseas. Studied analyses have projected broad job and economic benefits to the U.S. from LNG exports (here and here), with a new report this week dispelling the notion that exports would significantly impact domestic prices. These reports strongly suggest that government should approve the remaining LNG applications and not try to pick winners in the private market.
Posted May 21, 2013
Two new reports outline the importance of crafting the right policies to capitalize on America’s vast wealth in shale natural gas.
An American Chemistry Council (ACC) analysis points to rich capital investments and job gains to be realized in that sector because of abundant, affordable supplies of shale natural gas:
- $71.7 billion in chemical industry investments publicly announced through the end of March.
- 46,000 new chemical industry jobs by 2020.
- 264,000 jobs in supplier industries by 2020.
- 226,000 induced jobs in communities where chemical industry workers spend their wages.
- $20 billion in federal, state and local tax revenue.
Posted May 15, 2013
Key findings in a new report by ICF International, analyzing the potential impacts of exporting U.S. liquefied natural gas (LNG):
Jobs – Average net growth is projected to range from 73,100 to 452,300 between 2016 and 2035.