The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

american-energy  economy  jobs  environment  energy-security  revenue  fracking 

Mary Leshper

Mary Schaper
Posted February 20, 2014

Welcome to ‘Saudi Texas’

U.S. News & World Report (Laskoski): To fully appreciate what many of us may simply take for granted — that the Lone Star state produces oil as easily as McDonald’s produces hamburgers — it sometimes helps to look elsewhere to appreciate the actual scale by which we should view such things. 

The Associated Press reported this month that North Dakota produced 313 million barrels of oil in 2013, a record amount, and about 70 million more than it produced in 2012. For North Dakota, that’s six consecutive years of record oil production. State data shows that the 185 oil rigs working there now double the amount from four years ago. And you’ve certainly heard about the economic boom and jobs growth that has drawn thousands from all across the country seeking their fortune. 

But when your attention is drawn to the Texas oil boom, that discussion takes place on another plane because of the previously inaccessible shale wealth that transforms state economies via fracking. Jonathan Cogan of the Energy Information Administration noted this week that production in the Eagle Ford formation in South Texas reached 1.2 million barrels per day in December. Additionally, production from the Permian Basin averaged 1.3 million bpd and is projected to grow more than any other U.S. region through 2015.

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american-energy  fracking  keystone-xl-pipeline  economy  jobs  environment  energy-security  ethanol  regulation 

Mary Leshper

Mary Schaper
Posted February 19, 2014

The Geopolitical Consequences of the Shale Revolution 

Foreign Affairs (Blackwell and O’Sullivan): Only five years ago, the world’s supply of oil appeared to be peaking, and as conventional gas production declined in the United States, it seemed that the country would become dependent on costly natural gas imports. But in the years since, those predictions have proved spectacularly wrong. Global energy production has begun to shift away from traditional suppliers in Eurasia and the Middle East, as producers tap unconventional gas and oil resources around the world, from the waters of Australia, Brazil, Africa, and the Mediterranean to the oil sands of Alberta. The greatest revolution, however, has taken place in the United States, where producers have taken advantage of two newly viable technologies to unlock resources once deemed commercially infeasible: horizontal drilling, which allows wells to penetrate bands of shale deep underground, and hydraulic fracturing, or fracking, which uses the injection of high-pressure fluid to release gas and oil from rock formations. 

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jobs  economy  american-energy  manufacturing  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted February 14, 2014

How Low-Cost Natural Gas May be Helping to Fuel a Resurgence in U.S. Manufacturing

Fox Business: Inexpensive natural gas may be giving the U.S. a powerful and unique cost advantage that is incentivizing hundreds of companies to manufacture in the United States.

According to research conducted by Boston Consulting Group that was released Thursday, cheap natural gas will have a critical impact on U.S. manufacturing over the next several years that will benefit a wide variety of industries, from feedstock to finished goods.

“We are seeing an impact,” said BCG Senior Partner Hal Sirkin. “We can identify over 200 companies that are part of this manufacturing renaissance, moving jobs back to the United States.”

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jobs  american-energy  economy  energy-security  environment  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted February 13, 2014

Fuel Fix Blog: While the January jobs report was a disappointing for the national economy, it brought good news about growth in oil and gas.

About 206,000 employees worked in the oil and gas extraction sector in January, about 1.8 percent more than in December, according to the Bureau of Labor Statistics. Nationwide, total employment was relatively stagnant at a seasonally adjusted 137.5 million.

The employment story was positive across sectors of the energy industry. Manufacturing of petroleum and coal products had 112,700 employees on payrolls, a 1.6 percent increase from December. The chemicals sector grew by 1.2 percent to 796,100 people.

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keystone-xl-pipeline  american-energy  economy  jobs  energy-security  environment  oil-sands 

Mark Green

Mark Green
Posted February 13, 2014

What They’ve Said About Keystone XL: Build It!

It’s hard to overstate the broad-based nature of political support for the Keystone XL pipeline, support that stems from the project’s benefits: upwards of 830,000 barrels a day of oil from Canada’s oil sands and the U.S. Bakken region, 42,100 jobsduring the pipeline’s construction phase, strengthened energy security – with the Keystone XL playing an integral role in a broad strategy that could see 100 percent of U.S. liquid fuel needs met domestically and from Canada.

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american-energy  infrastructure  jobs  keystone-xl-pipeline  fracking 

Mary Leshper

Mary Schaper
Posted February 12, 2014

Reuters: Freezing temperatures are hampering U.S. natural gas deliveries this winter despite ample production of the heating fuel, exposing weaknesses in a supply network strained by unprecedented demand.

The United States is home to some of the world's largest natural gas deposits and supplies have flooded the market over the last five years, erasing concerns about dwindling output.

But the coldest winter in decades has drained stockpiles quicker than ever, forced rationing, and pushed prices to all-time highs, revealing the difficulties of storing and transporting fuel across the continent.

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american-energy  keystone-xl-pipeline  economy  jobs  growth  fracking 

Mary Leshper

Mary Schaper
Posted February 11, 2014

Canada's ambassador to the U.S. isn't sugarcoating the diplomatic weight of the looming White House decision on the Keystone XL pipeline. Gary Doer told the news service Platts that he's optimistic about winning approval, while warning that rejection would be "perceived as being political" and "definitely strain" U.S.-Canadian relations. He argued that the project has met the various U.S. benchmarks, citing the State Department's environmental analysis released Jan. 31. 

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american-energy  energy-security  global-markets  exports  jobs  economy  fracking 

Mary Leshper

Mary Schaper
Posted February 7, 2014

The Shale Factor in U.S. National Security 

Reuters (Dobriansky, Richardson and Warner): The boom in domestic shale oil and gas production has increased U.S. prosperity and economic competitiveness. But the potential for this to enhance our national security remains largely unrealized.

The shale surge has boosted production by 50 percent for oil and 20 percent for gas over the last five years. Yet our political leaders are only just beginning to explore how it can help further national strategic interests.

We led a major study at the Center for a New American Security in the last year, bringing together a nonpartisan panel to examine national security implications of the unconventional energy boom. We decided that outdated idealization of “energy independence” is preventing the administration and Congress from focusing on current energy vulnerabilities and figuring out how Washington should secure our economic and security interests.

Though the United States now imports less oil than it has for more than a dozen years, we should not distance ourselves from international oil markets by pursuing full energy self-sufficiency. The best way to advance energy security is to remain engaged internationally with major energy players.

Read more: http://reut.rs/1iyeOys 

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american-energy  trade  deficit  keystone-xl-pipeline  fracking  jobs  economy 

Mary Leshper

Mary Schaper
Posted February 6, 2014

Trade Gap Shrank in 2013 as U.S. Fuel Exports Climbed

Bloomberg News: The U.S. trade deficit in 2013 was the smallest since 2009, even as it ticked up at year’s end, as rising fuel exports and falling imports propelled the world’s biggest economy further toward energy independence.

The gap narrowed to $471.5 billion last year, the lowest since 2009, from $534.7 billion in 2012, figures from the Commerce Department showed today in Washington. The balance on petroleum products shrank 20.2 percent, also the biggest decline in four years.

Foreign sales went beyond fuel as demand for American-produced foods, capital equipment, autos and consumer goods all climbed to records in 2013, evidence of the rebound in global demand that will probably keep driving exports this year. Another report showing claims for jobless benefits dropped last week points to a healing in the U.S. labor market that will help boost consumer spending, ensuring imports also grow.

“The trade deficit will continue to narrow a bit over the course of 2014, mostly thanks to a smaller petroleum trade deficit,” said Ryan Wang, an economist at HSBC Securities USA Inc. in New York and the second-best trade forecaster over the past two years, according to data compiled by Bloomberg. “We’ll see another year of moderate growth.”

Read more: http://bloom.bg/1lDQLmp


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american-energy  environment  energy-security  jobs  keystone-xl-pipeline  infrastructure  fracking  innovation 

Mary Leshper

Mary Schaper
Posted February 4, 2014

Free the Keystone XL Pipeline, Mr. President

Los Angeles Times: Welcome to the "year of action." In last week's State of the Union address, the president vowed to do whatever he has to help the economy, even if that means working around Congress: "What I offer tonight is a set of concrete, practical proposals to speed up growth, strengthen the middle class and build new ladders of opportunity into the middle class. Some require congressional action, and I'm eager to work with all of you. But America does not stand still, and neither will I. So wherever and whenever I can take steps without legislation to expand opportunity for more American families, that's what I'm going to do."

The White House has touted the fact the president has a "phone and a pen" and he's not afraid to use them.

The president also vowed to cut red tape, and not for the first time. In 2013's State of the Union, he insisted that "my administration will keep cutting red tape and speeding up new oil and gas permits." And in 2012: "In the next few weeks, I will sign an executive order clearing away the red tape that slows down too many construction projects."

 

Read more: http://lat.ms/1eRaGFu

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