Posted March 27, 2014
Associated Press: WASHINGTON -- America's cities are still growing, with the population boom fueled by people picking up and moving to find jobs in energy production across the oil- and gas-rich areas west of the Mississippi River.
New 2013 census information released Thursday shows that cities are the fastest-growing parts of the United States, and a majority of the metro areas showing that growth are located in or near the oil- and gas-rich fields of the Great Plains and Mountain West.
Neighboring cities Odessa and Midland, Texas, show up as the second and third fastest-growing metro areas in the country. Sara Higgins, the Midland public information officer, has a simple explanation: oil. "They're coming here to work," Higgins said.
Energy production is one of the fastest-growing industries in the United States, the Census Bureau said. The boom in the U.S. follows the use of new technologies, such as hydraulic fracturing and horizontal drilling, to tap oil and gas reserves.
Posted March 20, 2014
The U.S. shale boom is beginning to ripple outward to American cities.
The shale mining industry's rising demand for materials and equipment along with the abundance of cheap fuel are fueling a modest renaissance in American manufacturing, according to a report prepared by IHS Global insight for the U.S. Conference of Mayors.
The shale extraction industry is itself driving growth through its hunger for steel pipeline, extraction machinery and other materials needed at domestic shale deposits, including the Bakken in North Dakota and the Marcellus shale in Pennsylvania. The availability of cheap fuel has in turn allowed these energy intensive manufacturing industries to cut costs and compete better with foreign imports.
Posted March 19, 2014
Posted March 17, 2014
Happy birthday, fracking! What a fantastic, 65-year ride it has been – and here’s to another 65 years and more.
Advanced hydraulic fracturing and horizontal drilling launched an oil and natural gas renaissance in this country – bringing dynamic job creation, economic stimulus that radiates well beyond the oil and natural gas industry proper and greater energy security. Thanks to fracking, the United States is an energy superpower that, with the right policies, can harness its vast resources to ensure a significantly better future for its citizens while reducing energy-related tension across the globe.
Posted March 11, 2014
Denver Post Editorial: Speeding up U.S. natural gas exports was a good idea even before the crisis in Crimea, but it's an even better idea now.
It's not as if U.S. exports are going to undermine Vladimir Putin's imperialistic designs in the short term. Ukraine would love to be less dependent on Russia for natural gas, but the export infrastructure in the U.S. for liquefied natural gas (LNG), particularly in terms of ports, isn't ready.
Indeed, the earliest that an export terminal is expected to come on line is in late 2015, with other terminals becoming operational perhaps a couple of years later. For that matter, the government doesn't direct where exports go. If the price in Asia for LNG is higher than in Europe, U.S. exports will tend to wind up there.
Still, the more gas is available worldwide, the less leverage Putin will have in bullying neighbors and in talks with European powers such as Germany, which also depends on Russian gas.
Posted March 10, 2014
Fracking Uses Lots of Water? Hardly
Real Clear Energy: For some reason, hydraulic fracking has gotten a reputation for using a lot of water. Not so, says Economic Policies for the 21st Century at the Manhattan Institute. When you look at the actual amount of water used in the process, hydraulic fracking comes out at the bottom of the list. As the report observes, "It takes twice as much water to maintain a golf course for a month than to frack a natural gas well."
Don't forget, all other energy resources use a lot of water, too. Biofuels is the biggest offender, since huge amounts of water are required to process and dilute the organic material. When the irrigation water needed to grow the crops is included, biofuels consume in excess of 2500 gallons of water per million BTU. (That may be cheating a bit since some advanced biofuel crops may not require irrigation, but the current corn crop, the source of all our ethanol, is heavily irrigated.) All forms of oil drilling require lots of water since water usually has to be added once a well passes maturity.
Posted March 10, 2014
A new report on the employment outlook for minorities and women in the oil and natural gas and petrochemical industries can be summed up in two words: tremendous opportunity. The study by consulting firm IHS projects that minorities will fill one-third of jobs in these industries by 2030 – up from one-quarter in 2010.
Posted February 28, 2014
U.S. Will Meet Energy Needs by 2020, Citi Researcher Says
Forbes: By the end of this decade, the United States will produce all the energy it needs, the head of commodities research for Citigroup said in Chicago Thursday.
Edward L. Morse, managing director and global head of commodities for Citi, said the gas and oil boom will combine with improved efficiency to make the U.S. a net-zero importer of energy by 2020.
“I think that the chances are close to 100 percent that the U.S. will be supplying 100 percent of its energy requirements for power generation and transportation,” Morse told about 100 people at a Fairmont Hotel gathering sponsored by The Chicago Council on Global Affairs.
Posted February 25, 2014
American Shale Gas and Tight Oil: Reshaping the Global Energy Balance
IHS Unconventional Energy Blog: The development of shale gas and tight oil in the United States constitutes an “unconventional revolution,” owing to its scale and speed. It is already having a profound global impact: upending energy markets, reshaping competitiveness in the world economy, and portending major shifts in global politics.
The unconventional revolution was born out of advances in two technologies. Hydraulic fracturing — or “fracking” — was introduced at the end of the 1940s. Efforts to apply this technique to dense shale in Texas began in the early 1980s. But it took two decades to perfect the combination of fracking and horizontal drilling that would drive the new boom. And it wasn’t until 2008 that these techniques began to have a major impact.
Since then, however, growth has been remarkable. Shale gas currently accounts for nearly half of U.S. natural gas production, and U.S. prices have fallen to one third of European levels and one-fifth of Asian levels. Tight oil, produced with the same techniques as shale gas, has led to a 60 percent rise in U.S. oil production since 2008. This increase of three million barrels per day is larger than the national output of nine of the 13 OPEC countries. The International Energy Agency predicts that the U.S. will soon overtake Saudi Arabia and Russia as the world’s largest oil producer.
Posted February 21, 2014
Well-Being in America: Shale Gas Buys You Happiness
The Economist: Based on interviews with more than 178,000 people from all 50 states, the Well-Being Index offers an interesting glimpse of the physical and mental health of the nation. It also spotlights the country's winners and losers. The results divide regionally, with Midwestern and Western states earning nine of the ten best scores in 2013, while Southern states have eight of the ten lowest. Massachusetts has the highest rate of residents with health insurance (which may bode well for Obamacare). Colorado, meanwhile, nearly always has the lowest obesity rate.
Sitting pretty in first place now is North Dakota, which has displaced Hawaii as the state where people are most likely to be healthy and feel good about their life and work. North Dakota’s speedy climb to first place from 19 last year seems to have a lot to do with the shale-gas boom, which has buoyed the state with lots of new jobs and money. This bonanza has apparently trickled into South Dakota, which has elbowed aside Colorado to secure second place.