Posted October 31, 2014
Fox News:Why is the White House Delaying the Keystone XL Decision?
Read more: http://bit.ly/1pbMGbR
Posted October 30, 2014
A new study details the essential tie between America’s ongoing energy revolution and advanced technologies of hydraulic fracturing and horizontal drilling. Specifically, virtually every barrel of domestic oil production growth over the past five years can be attributed to fracking and horizontal drilling – which has positively impacted global crude markets and saved consumers billions of dollars.
Kyle Isakower, API vice president for regulatory and economic policy, discussed the ICF International study during a conference call. The study calculates the impact of safe fracking and horizontal drilling on crude markets and prices at the pump. Isakower:
“Economists are still debating where the markets might go from here. But for the average consumer, there’s no question that America’s energy revolution has provided a welcome source of savings. … By comparing historical price and production data against a scenario without advanced drilling, it paints a clear picture of where we would be without the technology-driven energy revolution.”
Posted October 28, 2014
In an interview with the Huffington Post, U.S. Interior Secretary Sally Jewell, in just a handful of minutes, does a pretty good job answering some of the most common attacks on hydraulic fracturing and horizontal drilling made by opponents of fracking – many of whom apparently want no part of the job creation, increased U.S. energy security and reduced emissions of methane and carbon dioxide that safe and responsible fracking brings. Jewell:
“Fracking has been around for over 60 years. It is the ability to actually unlock oil and gas from reservoirs away from the wellbore. New techniques with directional drilling and staged fracking have enabled people to direct those fractures into formations that release a lot of oil and gas a long way away – maybe two miles from the actual wellhead.”
In a nutshell she describes the marriage of advanced hydraulic fracturing and horizontal drilling that is responsible for America’s ongoing energy renaissance – dramatically increasing domestic oil and natural gas production from vast shale reserves to the point where the U.S. now is No. 1 in the world in natural gas production and is expected to be No. 1 in oil output soon.
Posted October 23, 2014
The U.S. Energy Information Administration’s new report on U.S. energy-related carbon dioxide emissions details the major role in reducing CO2 emissions that’s being played by increased use of clean-burning, affordable natural gas.
While U.S. energy-related CO2 emissions ticked up slightly last year (2.5 percent), mainly because colder weather led to greater heating demand over 2012, EIA says 2013 emissions still were 10 percent lower than they were in 2005. Wider use of natural gas in electricity generation is a key reason.
Posted October 22, 2014
This from Judi Greenwald, the Energy Department’s deputy director for climate, environment and efficiency, talking about methane regulation during a panel discussion this week (as reported by Fuel Fix.com):
“We know enough to act. There are uncertainties about methane emissions — and part of the administration’s strategy is to improve our numbers — but we know enough to take some action, and this problem may be easier to solve than many characterize.”
While others talk about methane and problem solving, industry already is significantly lowering methane emissions – even as natural gas production soars, thanks to safe fracking.
Posted October 16, 2014
Early in a panel discussion of energy policy and politics hosted by Real Clear Politics, the question was asked whether U.S. voters pay much attention to energy issues in an election year. RCP tweeted panelist/Wall Street Journal energy reporter Amy Harder’s response - that voters only notice energy when the prices are high.
Certainly, that’s generally been an accurate analysis. Less than a decade ago energy issues were challenging for U.S. policymakers staring at flat or declining domestic oil and natural gas production
But the U.S. energy picture has been dramatically altered by surging production here at home – an energy revolution made possible by advanced hydraulic fracturing and horizontal drilling and vast resources in shale and other tight-rock formations. Result: Good news in the absence of challenging energy developments – for U.S. consumers (if not for hosts of events on the intersection of energy and politics).
Posted October 15, 2014
Natural gas production in the Marcellus Shale continues to surge – and with it, industry spending on construction and maintenance, according to a new study.
The latest drilling productivity report from the U.S. Energy Information Administration (EIA) projects Marcellus natural gas output will hit 15,828 million cubic feet per day (mcf/d) or about 37.1 percent of production from the major U.S. shale plays. EIA expects Marcellus output will top 16,000 mcf/d in November.
The production gains are reflected in industry spending on workers in construction and maintenance from 2008 to 2014 – the subject of the new study by the Oil and Natural Gas Industry Labor-Management Committee. The study showed spending grew more than 60 percent between 2012 and 2013, reaching $5 billion, resulting in a 40 percent increase in jobs in eight trades (union and non-union members included). Another $6.5 billion already is committed for 2014, the study reports.
Posted October 13, 2014
Detroit Free Press: Ground zero for America's "shale revolution" in gas and oil production, North Dakota is also the reigning title-holder for lowest unemployment among the 50 states.
There were more unfilled jobs in September than job applications within the state, where oil field workers can make six-figure salaries and even the fast-food restaurants dangle hiring bonuses of $300 or more. The state has been recruiting specifically from Michigan for workers of all stripes and skill levels — hoping to entice entire families to relocate and grow roots.
North Dakota's official 2.8% jobless rate in August is essentially full employment, allowing just about anyone who wants a job to get one. At the same time, Michigan's rate of 7.4% was stuck above the 6.1% national average. (The national rate was 5.9% in September.)
North Dakota's roaring economy has been the envy of state governors and, for proponents of fracking, a shining success story for how an energy boom can produce a job boom, even for workers in professions that aren't directly related to extracting natural gas and oil.
Posted October 10, 2014
A new University of Colorado study affirms the dynamic and critical role energy development is playing in the state – in terms of support for public schools, job creation and the economy.
Just looking at 2012, oil and natural gas activity generated more than $200 million for Colorado schools, supported nearly 94,000 jobs in the state and created more than $23 million in state economic activity, according to the report conducted by the university’s Leeds School of Business and commissioned by API.
Posted October 10, 2014
The U.S. Energy Information Administration (EIA) has another report on oil imports that underscores the incredible sea change in America’s energy picture – due to increased domestic production of oil and natural gas. EIA says net imports of energy as a share of energy consumption fell their lowest level in 29 years for the first six months of 2014.
This is a snapshot of America’s energy revolution – the fundamental shift from energy scarcity to abundance that would have been unthinkable less than a decade ago. The shift is the result of surging oil and natural gas production using advanced hydraulic fracturing and horizontal drilling, harnessing oil and gas reserves in shale and other tight-rock formations. Safe, responsible energy development has made the United States the world’s No. 1 natural gas producer, and the U.S. could become the world’s top producer of crude oil related liquids before the year is out, the International Energy Agency reports (h/t Financial Times.com).