Posted August 7, 2013
The U.S. Energy Information Administration’s newest short-term outlook report finds that oil output increased to an average of 7.5 million barrels per day in July – the highest monthly level of production since 1991. EIA says total U.S. output will average 7.4 million barrels per day in 2013 and 8.2 mbd in 2014. Both of those estimates are increases over EIA’s previous short-term outlook.
Posted August 2, 2013
In a guest editorial, Southern Methodist University’s Bernard Weinstein argues for U.S. natural gas exports. Weinstein notes a study that found that "boosting exports would decrease the U.S. trade deficit by between $11 billion and $27 billion each year… and that continued development of domestic shale gas resources could create 1.7 million jobs in the United States by 2020."
Centre Daily News – Illinois College Offering Courses on Oil and Natural Gas
Southeastern Illinois College will begin offering two new oil and natural gas programs in January 2014. This comes after Gov. Pat Quinn signed legislation allowing hydraulic fracturing in the state last month.
Posted July 25, 2013
Senate Energy and Natural Resources Committee Chairman Ron Wyden, with some on-target remarks to a forum this week on surging U.S. shale natural gas production hosted by the Bipartisan Policy Center:
“We are in what I’ve come to describe as an economic Olympics, and winning is all about creating the most high-skill and high-wage jobs you can. … In this economic Olympics the American economy gets out of the blocks with a very strong lead because of natural gas. So what we want to do is put in place bipartisan policies that help us extend that lead in the natural gas field.”
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 8, 2013
Reason - The Top Five Lies About Fracking
Science writer Ronald Bailey highlights five falsehoods about hydraulic fracturing, from flaming faucets to water contamination. “Over 500,000 gas wells are currently operating in the United States,” Bailey writes. “Most of them manage to avoid blowing up houses, poisoning drinking water, making it hard to breathe, causing cancer...”
Fuel Fix Blog – Oil to Flow Through Keystone XL’s Southern Leg This Year
While the northern leg of the pipeline is going on five years waiting on approval from the Obama administration, the southern portion of the project is nearing completion. By the end of the year, the pipeline is expected to carry up to 700,000 barrels of oil per day from Cushing, Okla., to the coast of Texas.
Posted June 17, 2013
Washington Post – Why We Should Speed U.S. Gas Exports
In an op-ed for the Post, U.S. Sen. John Barrasso of Wyoming writes that the United States has a rare opportunity through natural gas exports to simultaneously create jobs, strengthen our foreign policy hand and help allies abroad. “Make no mistake: Our allies need energy to grow,” he writes. “If the United States does not supply that energy, someone else will.”
The Telegraph – U.S. Having Real Energy Revolution with Oil Surge
“Despite disruptions to oil supply in Africa and parts of the Middle East, rising US output ensured that global oil production continued to grow,” writes Garry White.
Posted May 13, 2013
The Associated Press has this look at momentum for exporting U.S. natural gas, driven by an abundance of natural gas from shale via hydraulic fracturing. Bill Cooper, president of the Center for Liquefied Natural Gas, tells AP:
“LNG exports are a huge opportunity for the United States economy, our workers and our geopolitical relationships with countries such as Japan that are seeking to import natural gas. LNG exports will create jobs, increase government revenue and benefit consumers.”
Cooper is right. Studies – like this one for the Energy Department and this one by ICF International – show how America’s wealth in natural gas from shale could support demand here and overseas, to America’s benefit in terms of job and economic growth.
Posted April 19, 2013
Although some say exporting U.S. natural gas would increase domestic prices, a Deloitte analysis says “the impact domestically is small in terms of upward price movement, and the impact (of exports) on the economy is very large… So exporting should be a good idea.”
Wall Street Journal – Rise in U.S. Gas production fuels Unexpected Plunge in Emissions
Last year, the paper reports, 30 percent of power in the U.S. came from natural gas, up from 19 percent in 2005, driven by hydraulic fracturing and horizontal drilling that have unlocked large and inexpensive new supplies of the fuel. This increase in natural gas production has helped drop U.S. CO2 emissions to their lowest level since 1994.
Posted March 21, 2013
Posted March 15, 2013
Opponents of a free market for natural gas have been trumpetinga new study which purports to show that LNG exports would be an economic negative for the United States. This flies in the face of analysis done by the Department of Energy, The Brookings Institute, ICF International and others which showed that to boost economic activity open markets are the way to go. So we took a look at the study to figure out why their conclusions are not consistent with other industry or government projections. We found some serious biases and inconsistent assumptions added up to a fatally flawed report. Here are a few specifics.
The employment impact analysis is flawed because it assumes no incremental natural gas production.