Posted July 31, 2013
Oil and Gas Journal – Study: U.S. Unconventional Plays Will Help Reduce Imports from Abroad
According to a new Wood Mackenzie study, unconventional oil and natural gas plays will continue to drive US and Canadian production for years. The Bakken and Eagle Ford shale plays are expected to account for more than half of anticipated North America tight oil production volumes of more than 5 million barrels per day by 2019.
CNN Money – Ford to Offer F-150 That Runs on Natural Gas
Ford’s best-selling truck is set to roll out of factories in 2014 with a new option: the pickup can run on liquefied natural gas. The lower cost of natural gas – about the equivalent of $2.11 per gallon of gasoline – means that “customers will be able to save money within 24 to 36 months of ownership, even though they will have to pay nearly $10,000 more for the option.”
Posted July 30, 2013
In this video, Dan Roupp, a third generation Pennsylvania timber and lumber farmer, notes the safety of oil and natural gas development through hydraulic fracturing in Lycoming County:
Posted July 29, 2013
Below is the first in a series of videos from Williamsport, Pa., where shale development through hydraulic fracturing technologies is bringing benefits to families and to the community. In the first, local business owners talk about the economic boost that the development of energy from shale is bringing to Pennsylvania:
Posted July 29, 2013
Boston Herald – End Ethanol Madness
In an editorial, the Boston Herald notes recent hearings by the House Energy and Commerce Committee on the Renewable Fuel Standard. The paper argues that the “mandate should be ended.”
Dallas Business Journal – Dallas Firm Uses Solar to Power West Texas Oil Rigs
A sign of a true “all-of-the-above” energy policy, one Dallas energy firm is using a solar generator to power oil and natural gas rigs in West Texas. The system has batteries which can store up to 24 hours worth of power.
Posted July 26, 2013
Richmond Times-Dispatch – White House Would Tax Away Virginia’s Energy Future
Policy that enables the oil and natural gas industry to produce more would have a far greater impact on state and federal coffers than would any partisan policy that hinders the industry with higher taxes, notes Jack Refuse in a guest opinion piece.
Posted July 25, 2013
Des Moines Register – Iowa Will Have to Import Corn
With increased ethanol obligations and growing livestock operations needing more feed, Iowa – the nation’s “king of corn production” – will have to import kernels to keep up with demand, an analyst tells the newspaper.
Master Resource - Frac Bounty: All Should Participate
Blogger Paul Driessen highlights the benefits of U.S. shale development – game-changing technologies that have led to job creation and economic boosts across the country. Driessen got a first-hand look at hydraulic fracturing drilling in northern Pennsylvania noting the “signs of pride and prosperity were evident all over Williamsport.” Driessen: We need to frack for a better, cleaner, happier world!”
Posted July 23, 2013
AEI Ideas, Carpe Diem Blog – North Dakota Sees Highest Level of Income Mobility in the U.S. Thanks to Bakken Shale
Blogger Mark J. Perry notes another benefit of shale development in the Bakken: income mobility. Perry connects economic opportunity in the Bakken region with a new study showing a significant geographic correlation between a child’s chances of rising from the the bottom quintile by family income to the top income quintile.
Reuters – The Oil Boom's Foreign Policy Dividend
The domestic benefits of the surge in U.S. oil production are well documented, writes Reuters, but the geopolitical benefits are “less well appreciated.” Beginning in 2012, production in the U.S. and Canada grew by nearly 1.3 million barrels per day – outpacing global demand growth. “These developments were critical in allowing the United States to implement new, tougher sanctions in early 2012 that drove year-over-year Iranian crude exports down by nearly 15 percent in the first quarter alone.”
Posted July 22, 2013
According to new data from the Texas Railroad Commission, the nine fields that make up the Eagle Ford Shale play yielded nearly 582,000 barrels of crude oil a day in May, compared to nearly 369,000 barrels daily in 2012.
Thanks to impact fees from hydraulic fracturing in the Marcellus Shale region, Williamsport, Pa. can now invest more than $1 million to repair the city’s roadways, a city official says. "We're doubling the amount of investment because of Marcellus Shale impact fees," said John Grado, city engineer and director of community and economic development.
Posted July 12, 2013
Posted July 1, 2013
Energy Outlook - President's Climate Plan Hinges on Natural Gas
President Obama's plan for addressing U.S. greenhouse gas emissions depends heavily on expanded hydraulic fracturing of domestic shale gas resources, writes Geoffrey Styles.
News and Sentinel.com – Educational Program Focuses on Oil and Natural Gas Jobs
In an effort to train more workers for the surging shale industry, Ohio’s Washington State Community College hosted an informational session on opportunities for students and workers with an emphasis on filling new positions locally.