Posted November 14, 2013
Congratulations America. You’re (Almost) Energy Independent
Politico Magazine (Daniel Yergin): For four decades, whenever the American political debate turned to energy, the discussion was all about shortage and scarcity, a reality that haunted the United States ever since the global oil crises of the 1970s.
That conversation is over.
And now the unconventional energy revolution—newly accessible supplies of shale gas and oil—is creating a new discourse on energy that is changing politics and policies. All of this represents what Energy Secretary Ernest Moniz calls a “new mentality” about America’s energy position, with a new political language to match.
Posted November 8, 2013
When President Obama talks about creating jobs, growing the economy, expanding exports of U.S. goods and strengthening the middle class, as he did Friday in New Orleans, most Americans are with him. And so is the oil and natural gas industry. As he said in April, creating jobs and opportunity for Americans should be our “true North.”
The president used Friday’s speech to make the case that needed improvements to the nation’s infrastructure – roads, bridges, ports and more – is a path to increased prosperity.
Posted November 5, 2013
America’s Resurgence in Manufacturing Starts in the Shale Fields
Forbes: Our economy is straining at the bit to grow out of the Great Recession. You wouldn’t know that from the dreary news on both the jobs and GDP growth front. The good news is found in the incredible potential for high-paying jobs, growth and wealth creation bubbling up in America’s manufacturing sector.
Manufacturing is hot, even though we’re supposed to be in a post-industrial economy. The transformation in American manufacturing today is redolent of a century ago when innovation and growth in the industrial landscape was blossoming in both big companies and start-ups…
The dramatic growth in U.S. oil and gas production has not arisen from new discoveries or the opening of off-limits federal lands, but from new technologies and techniques that literally manufacture liquid and gaseous hydrocarbons from solid shale rock. Widely reported as “fracking” – hydraulic fracturing – the story is in fact one of deep industrial innovation, digital technologies and software. In other words, it is a secular shift in the industrial landscape.
Read more: http://onforb.es/1hgVN6i
Posted October 23, 2013
Marcellus Shale Gas Growing Faster than Expected
Wall Street Journal: PITTSBURGH — Natural gas production from the Marcellus Shale region is growing faster than expected, according to a new federal report issued Tuesday.
Marcellus production has now reached 12 billion cubic feet a day, the Energy Information Administration report found. That's the energy equivalent of about 2 million barrels of oil a day, and more than six times the 2009 production rate.
For perspective, if the Marcellus Shale region were a country, its natural gas production would rank eighth in the world. The Marcellus now produces more natural gas than Saudi Arabia, and that glut has led to wholesale prices here that are about one-quarter of those in Japan, for example.
Read more: http://on.wsj.com/1cedUYl
Posted October 17, 2013
U.S. is the World’s Largest Producer of Natural Gas – Here’s What That Means
NPR: Natural gas production in the U.S. is going through the roof. The U.S. now produces more natural gas than any country on Earth, according to a recent report from the U.S. Energy Information Administration.
This is largely due to fracking, the controversial method for using pressurized fluids to break up rocks to get at the natural gas below. Over the past few years, fracking has had a huge effect on energy in America. Here's how.
Read more: http://n.pr/H6tGpA
Posted October 11, 2013
Analysis: Lawsuits Likely as EPA Declares U.S. Ethanol Blend Wall a ‘Reality’
Reuters: With two words, the U.S. environment regulator may be handing oil refiners the biggest win of a long battle to beat back the seemingly inexorable rise of ethanol fuel.
In a leaked proposal that would significantly scale back biofuel blending requirements next year, the U.S. Environmental Protection Agency (EPA) says the blend wall - the 10 percent threshold of ethanol-mixed gasoline that is at the crux of the lobbying war - is an "important reality".
The agency's rationale for a cut in the volume of ethanol that must be blended echoes an argument the oil industry has been making for months: the U.S. fuel chain cannot absorb more ethanol.
Read more: http://reut.rs/1hIy6OU
Posted October 10, 2013
Posted October 3, 2013
More from this week’s North American Gas Forum conference in Washington – this one a discussion of the U.S. opportunity capitalize on global demand for natural gas and the potential geopolitical impacts of an energy-resurgent U.S.
Majed Limam of Poten & Partners said natural gas demand from the Asian Pacific market and other markets are key to would-be suppliers. Yet global demand for liquefied natural gas (LNG) isn’t infinite, Limam said. Those who move quickly to secure market share will be rewarded.
Posted October 2, 2013
California Can Protect the Environment While Sharing in a Financial Bonanza
The Globe and Mail: Hydraulic fracturing — fracking — has been used to extract oil and natural gas from shale rock for decades. But technological improvements in recent years have made the process far more efficient. It’s expanded use in states like North Dakota, Texas, Ohio, Pennsylvania and Colorado has sparked an energy revolution that is pushing the United States toward energy independence. It has also sparked major controversy over environmental concerns, nowhere more so than in California. On Sept. 20, Gov. Jerry Brown signed legislation regulating fracking. In this essay below, Colorado Gov. John Hickenlooper, like Brown an environmentally oriented Democrat, makes the case that energy development and environmental protection are not mutually exclusive.
A 21st-century oil and natural gas industry in Colorado is recognizing that more rigorous regulations translate into broader citizen acceptance. This evolution, and the joining of innovations like horizontal drilling with long-accepted practices like hydraulic fracturing, is moving America toward energy independence.
In the process, we are improving the quality of the air, as well as beginning to fight back against climate change. Colorado has a proud history of leadership and innovation in the deployment of clean energy technologies. We have laws in place that require utilities to produce as much as 30 percent of their electricity from renewable sources by 2020.
Read more: http://bit.ly/GzZbrG
Posted September 25, 2013
Guest Editorial: Keystone Pipeline System Operating for Years
Sun Advocate: Here's a little-known fact: The Keystone pipeline system has been transporting oil sands from Canada to U.S. refineries in the Midwest for three years -- with no major leaks and, more importantly, no major complaints from environmentalists. …
The fact is that the Keystone XL pipeline is simply an extension of an already existing program that is working well, creating jobs and expanding U.S. manufacturing. It should be an easy, and quick, decision for any president concerned about the economy.
Read more: http://bit.ly/15tQTxq