The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

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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fracking  natural-gas  oil34 

Mark Green

Mark Green
Posted May 16, 2013

An early look at the Bureau of Land Management’s (BLM) proposed new rule governing hydraulic fracturing on federal and Indian lands shows the challenge of trying to create a new rule that doesn’t just add regulation on top of effective state rules already in place.

Certainly, BLM’s aim with this rule, compared to a previous version, was to take hydraulic fracturing regulation in a better direction – acknowledging the role of the states and measures including FracFocus.org, the online fracking fluid registry. And it appears BLM has done that to some degree.

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exports  lng34  natural-gas 

Mark Green

Mark Green
Posted May 15, 2013

Key findings in a new report by ICF International, analyzing the potential impacts of exporting U.S. liquefied natural gas (LNG):

Jobs – Average net growth is projected to range from 73,100 to 452,300 between 2016 and 2035.

ICF Employment Impacts by Exports

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exports  fracking  hydraulic-fracturing  lng34  natural-gas  new-york  trade 

Mary Leshper

Mary Schaper
Posted May 15, 2013

Washington ExaminerFracking Could Create New Wealth for New York

In a guest column, former Department of Labor Chief Economist Diana Furchtgott-Roth discusses the opportunities hydraulic fracturing could bring to New York state. “Using the Pennsylvania data to project fracking's effect on New York counties, I find that the incomes of those who live in the 28 New York counties above the Marcellus Shale have the potential to expand by as much as 15 percent over the next four years -- if the state's moratorium is lifted.”

National JournalNatural Gas Exports Loom Large Over Washington

NJ’s Amy Harder takes a look at the liquefied natural gas debate after a visit to Dominion’s Cove Point, Md., facility – a former import terminal waiting for federal approval to add  export capabilities.

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fracking  hydraulic-fracturing  keystone-xl-pipeline  natural-gas  refiners 

Mary Leshper

Mary Schaper
Posted May 14, 2013

Energy Biz Shale Gas Shifting Global Energy Map

The global development of shale gas  has the potential to boost worldwide natural gas supplies and help reduce market costs, writes Siemens Financial Services President Kirk Edelman. “For the U.S., the shale gas boom is still perhaps only a potential game changer, however, if realized, the economic benefits will be significant.”

Breaking EnergyThe Science Behind the Keystone XL Pipeline Decision

Breaking Energy recaps the congressional Energy and Environmental Subcommittees’ joint hearing on the Keystone XL pipeline last week. Rep. Chris Stewart noted  that Keystone XL has been under review for more than four years, which is how long  it took to fight World War II, build most of the transcontinental railroad and the typical length of a college education.

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lng-exports  energy  natural-gas 

Mark Green

Mark Green
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.

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