The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

american-energy  hydraulic-fracturing  fracking  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted June 24, 2014

Smithsonian.com Magazine: The shale gas boom, spurred by fracking and horizontal drilling, is bigger than anyone thought it would be. According to the U.S. Energy Information Administration, natural gas derived from shale now makes up a full half of U.S. natural gas production, says Scientific American. Shale gas wasn't supposed to make up such a large portion of our gas supply for another ten to twenty years.

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oil-and-natural-gas-development  north-dakota  ethanol-in-gasoline  keystone-xl-pipeline  lng-exports 

Mark Green

Mark Green
Posted June 19, 2014

Bloomberg:  North Dakota, which yesterday became just the fourth state to record oil production above 1 million barrels a day, could see even stronger growth over the summer as improved weather makes life easier for drilling crews.

Output increased to 1,001,149 barrels a day in April, the state’s Department of Mineral Resources reported yesterday. Texas, California and Alaska have crossed the million-barrel mark. Only Texas remains above the state, at almost 3 million barrels a day.

April oilfield work was hampered by heavy rain that shut roads and strong winds that closed down operations. Crews completed 200 wells during the month, and another 600 are already drilled and just waiting on hydraulic fracturing, or fracking. Better weather in the summer months should allow more new wells to start gushing oil.

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shale-energy  hydraulic-fracturing  fracking  keystone-xl-pipeline  fuels 

Mark Green

Mark Green
Posted June 17, 2014

Bloomberg: North America’s dominance of global exports of refined fuels will expand to unprecedented levels by 2019 as the shale revolution makes U.S. refineries more competitive, the International Energy Agency said.

The continent will become a “titan of unprecedented proportions” and its oil refineries will export about 3.5 million barrels a day by the end of the decade, the Paris-based adviser to 29 oil-consuming nations said in a report today. North America’s imports of crude will be 2.6 million.

“Less than ten years ago, the United States was the world’s largest importer of refined products,” the IEA said in its Medium-Term Oil Market Report, which forecasts energy-market trends. “Today it has become the world’s largest liquids producer, ahead of Saudi Arabia and Russia, as well as its largest product exporter.”

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keystone-xl-pipeline  canada  congress  oil-sands  labor-unions 

Mark Green

Mark Green
Posted June 16, 2014

This week the Senate’s Energy and Natural Resources Committee is scheduled to vote on bipartisan legislation that would advance the long-delayed Keystone XL pipeline – a $5.3 billion, privately financed infrastructure project that the U.S. State Department says would generate more than 42,000 jobs during its construction phase while contributing more than $3 billion to our economy.

Congress is acting because the administration has not – not in more than five years of review by the administration, during which the project has cleared five environmental reviews by the State Department. Congressional leadership on Keystone XL is about the administration’s lack of clear leadership on the Keystone XL.

As the vote approaches, API President and CEO Jack Gerard and Sean McGarvey, president of the Building and Construction Trades Department of the AFL-CIO, talked about the pipeline during a conference call. Both pointed to developments in Iraq and the ongoing standoff between Ukraine and Russia as reminders of how important it is for the United States to secure its energy future – and the significance of the Keystone XL in that equation.

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oil-production  crude-oil  lng-exports  keystone-xl-pipeline  fracking  offshore-development 

Mark Green

Mark Green
Posted June 16, 2014

FT.com – Despite jitters over Iraq, the price of oil is at its most stable since the early 1970s, as a huge increase in US oil production offsets massive disruptions to supply from places such as Libya, according to BP.

Christof Rühl, group chief economist, said the world had seen a cumulative 3m barrels a day of supply disruption since the start of the 2011 Arab uprising but that had been “cancelled out” by a similar extra amount of US production.

“There has been an almost perfect match between outages in north Africa and elsewhere and US production growth,” he said. The equilibrium had created an “eerie quiet” in global oil markets.

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keystone-xl-pipeline  environmental-review  public-opinion 

Mark Green

Mark Green
Posted June 13, 2014

Senate Energy and Natural Resources Committee Chairman Mary Landrieu says her panel will have a vote next week on the Keystone XL pipeline – now in its sixth year of federal review. The announcement prompted this statement from the office of Sen. Mark Udall of Colorado:

“If the Keystone XL pipeline were being routed through our state, Coloradans would want to know the decision was being made on the merits — and not congressional meddling. … That’s why Sen. Udall intends to again reject the notion that lawmakers know better than the engineers, scientists and experts whose responsibility it is to evaluate the pipeline application on its merits.”

Which is wrong, wrong, wrong.

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job-growth  oil-and-natural-gas-development  oil-and-natural-gas-investments  shale-energy  keystone-xl-pipeline  infrastructure 

Mark Green

Mark Green
Posted May 2, 2014

The number of direct jobs in oil and natural gas extraction has grown 7.2 percent since April last year, more than four times the growth rate in all U.S. jobs, according to BLS. The word for that kind of growth – in the midst of an economy still trying to heat up – is wow!

Now, keep in mind that the BLS data line for “oil and gas extraction” covers only part of industry’s upstream (pre-refining) segment. Scroll down a few lines in this BLS table to find direct jobs supporting oil and natural gas operations – such as building and dismantling field rigs, core drilling services, hydraulic fracturing services and much more – and you see dynamic growth there as well, 6.3 percent from April last year through March, the most recent data month available. Wow again.

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fracking  american-energy  jobs  economy  energy-security  new-york  texas  ohio  keystone-xl-pipeline  ethanol 

Mary Leshper

Mary Schaper
Posted April 30, 2014

Albany Business Review: Some New York farmers, particularly those living in the state's Southern Tier, are in favor of high-volume hydraulic fracturing. Steuben County dairy farmer Terry Waters, 60, said it would "pull us out of the hole."

 

As farmers like Waters continue to face financial hardship due to rising costs, they are seeing their counterparts in Pennsylvania benefiting from the natural gas resources located underneath their properties.

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american-energy  energy-security  global-markets  jobs  lng-exports  emissions  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted April 28, 2014

Breaking Energy: Two timely research studies from think tanks inside the Beltway address energy security with particular focus on America’s new role in rearranging the established global energy order. This order is in flux precisely because of the renaissance in the American energy sector ignited by its shale (tight) oil and gas boom. Over the last decade, US crude oil and natural gas production has risen significantly. According to EIA projections in its AEO2014 Reference case, US natural gas production will continue to grow, increasing by 56% between 2012 and 2040. Similar gains are projected for US oil production.

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keystone-xl-pipeline  economic-security  labor-unions  oil-sands  canada 

Mark Green

Mark Green
Posted April 24, 2014

Americans support building the Keystone XL pipeline. A new Harris Poll shows that by nearly a 4-to-1 margin Americans agree the pipeline is in the national interest. By continuing to put off a decision on Keystone XL, the Obama administration is casting its lot with the 1. On this issue, a lonely number indeed. API’s Cindy Schild, during a conference call with reporters:

“Friday’s announcement by the administration seems to dismiss not only congressional support but American support as well. President Obama and his advisers have apparently determined to put their political interests over the national interest and side with a small group of activists led by a billionaire instead of the labor community and the vast majority of ordinary Americans, regardless of harm to the middle class.”

For all the talk from this administration about building up the middle class, its lack of action on Keystone XL is hurting middle-class Americans.

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