The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

natural-gas  oil-taxes  fairness  energy-101  industry  taxes 

Mark Green

Mark Green
Posted May 28, 2013

Neat interactive infographic in this weekend’s New York Times Sunday Review, plotting the corporate income tax rates paid by various U.S. companies from 2007-2012 (according S&P Capital IQ):

NYT Taxes

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emissions  fracking  keystone-xl-pipeline  natural-gas 

Mary Leshper

Mary Schaper
Posted May 28, 2013

CNN Money Women Snag Big Chunk of New Oil & Natural Gas Jobs

Nearly half (46 percent) of new oil and natural gas jobs in the first quarter of 2013 were filled by women – a  shift for an industry that is still 80 percent male.

Breaking Energy Everything’s Better with Bakken

Thanks to increased production out of the Bakken shale region, East Coast refineries are making a comeback. BE notes that Phillips 66’s  Bayway plant in New Jersey is  making gains in refining while also housing  a merchant co-generation GE power plant and a DuPont chemical manufacturing operation.

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exports  lng34  natural-gas 

Mark Green

Mark Green
Posted May 24, 2013

Comments on the potential of U.S. natural gas from new Energy Secretary Ernest Moniz, in a video posted to his Facebook page:

“The way I look at it is that this natural gas boom is a boon. First of all, we all know that it is partially responsible for the decrease in CO2 emissions that we have experienced over the last years in the absence of, at least, over-arching legislation. Secondly, what I would argue is that the way to look at it – and, you know, as gas as kind of a bridge to a very low carbon future – is that it affords us a little bit more time to develop the technologies, to lower the costs of the alternative technologies, to get the market penetration of these new technologies.”

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fracking  natural-gas  new-york-shale-gas 

Mark Green

Mark Green
Posted May 22, 2013

You’ve got to wonder if New York Gov. Andrew Cuomo gets tired of his state being compared to other states that are taking forward-looking approaches to energy development – and are seeing job creation and economic growth as a result.

Unfortunately for the governor, that’s what you can expect when you’re keeping significant shale reserves underground – delaying jobs and growth – while other states are realizing both from shale development, states like Pennsylvania, Texas, North Dakota and soon, Illinois. 

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exports  fracking  keystone-xl-pipeline  lng34  natural-gas  taxes 

Mary Leshper

Mary Schaper
Posted May 22, 2013

The Hill’s E2 WireSenators Warned of ‘Narrowing’ Opportunity to Increase Natural Gas Exports

In an ongoing series of hearings focused on American natural gas exports, the Senate Energy Committee heard from panelists on the pending LNG export applications. The president of Sempra LNG noted that “if we wait too long … we will lose the jobs” associated with U.S. LNG projects.

National JournalGraphic: Keystone XL is More Than a Pipeline

The House is set to vote on legislation that would approve construction of the Keystone XL pipeline today. In advance of the vote, NJ has an infographic that details everything from the project’s route size and how much oil it will deliver to its supporters and opponents.

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energy  exports  lng34  natural-gas 

Mark Green

Mark Green
Posted May 21, 2013

Kudos to Senate Energy and Natural Resources Chairman Ron Wyden for a series of hearings on natural gas issues, including Tuesday's on the impacts of exporting liquefied natural gas (LNG). It’s vital that policymakers understand the scope of America’s natural gas wealth – thanks to hydraulic fracturing – so they can make decisions that will let this wealth work for Americans. The export of LNG is a prime example.

Currently, the Energy Department is considering 18 applications for U.S. facilities that would export American LNG to friends and allies overseas. Studied analyses have projected broad job and economic benefits to the U.S. from LNG exports (here and here), with a new report this week dispelling the notion that exports would significantly impact domestic prices. These reports strongly suggest that government should approve the remaining LNG applications and not try to pick winners in the private market.

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liquefied-natural-gas  keystone-xl-pipeline  natural-gas 

Mary Leshper

Mary Schaper
Posted May 21, 2013

Pittsburgh Post-Gazette Number of Women Landing Jobs in Oil, Natural Gas Industry Growing

Good news from the U.S. Bureau of Labor Statistics: Of 3,900 positions added in the oil and natural gas industry nationwide in the first quarter of 2013, almost half or 1,800 were filled by women.

AEI Ideas Carpe Diem BlogThe Most Economically Successful Metropolitan Area in the Country

As a direct result of all the shale oil and natural gas activity in the Permian Basin area of West Texas, the economy of Midland is booming, writes Mark J. Perry. There is also an unprecedented construction surge taking place in the town – building permits in March skyrocketed to 347, which was a 580 percent increase from  a year ago.

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exports  lng34  natural-gas  regulation 

Mark Green

Mark Green
Posted May 21, 2013

Two new reports outline the importance of crafting the right policies to capitalize on America’s vast wealth in shale natural gas.

An American Chemistry Council (ACC) analysis points to rich capital investments and job gains to be realized in that sector because of abundant, affordable supplies of shale natural gas:

  • $71.7 billion in chemical industry investments publicly announced through the end of March.
  • 46,000 new chemical industry jobs by 2020.
  • 264,000 jobs in supplier industries by 2020.
  • 226,000 induced jobs in communities where chemical industry workers spend their wages.
  • $20 billion in federal, state and local tax revenue.

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keystone-xl-pipeline  fracking  lng34  natural-gas 

Mary Leshper

Mary Schaper
Posted May 17, 2013

Free EnterpriseKeystone XL: Real Benefits for the U.S.

Bloomberg OK Pipline

Sean Hackbarth notes  Keystone XL pipeline developments this week: The House Transportation Committee advanced  a bill that would allow construction of the full pipeline – the third congressional committee to do so; Canadian Prime Minister Stephen Harper was in New York City touting  the project’s benefits  for both the U.S. and Canada; and a small business owner in Maryland told the president that businesses like his  would get a boost from the project.

The HillDOE Approves Natural Gas Export Project

A Texas LNG  facility has the green light from DOE  for exports to non-free trade nations. DOE noted that project opponents “have not demonstrated that the requested authorization would be inconsistent with the public interest.”

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ethanol  fracking  groundwater-protection  energy-information-administration  natural-gas 

Mary Leshper

Mary Schaper
Posted May 16, 2013

Breaking Energy Sieminski: U.S. Tight Oil Growth Helping Lower Global Crude Price

U.S. tight oil production has helped to shave about $20-$25 per barrel from Brent crude oil prices, and continued output growth could  further impact global pricing, says  Energy Information Administration Administrator Adam Sieminski.

E! Science NewsGroundwater Unaffected by Shale Gas Production in Arkansas

Duke University and U.S. Geological Survey scientists sampled 127 shallow drinking water wells in areas overlying Fayetteville Shale gas production in north-central Arkansas and found no ground water contamination from hydraulic fracturing.

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