Posted May 2, 2013
The Atlantic – How Oil Made Working-Class North Dakota a Whole Lot Richer
In North Dakota’s Bakken Shale formation, Americans have been able to find high-paying work in the oil and natural gas industry as the state’s employment number grew by more than 35 percent from 2007 to 2011. But another part of this American success story is that jobs and paychecks have surged across industries – including technical services, transport, construction and food services.
Reuters Canada – TransCanada to Build $900 Million Alberta Oil Pipeline, Terminal
Keystone XL opponents claim that stopping the pipeline will keep Canada’s oil sands in the ground. However, as the U.S. waits for President Obama to decide on the Keystone XL Canada is moving forward with plans to move its growing crude oil supplies – and ship them elsewhere.
Posted April 30, 2013
The U.S. Geological Survey has new estimates for oil and natural gas in the Williston Basin shale area that simply blows the doors off previous estimates:
- 3.65 billion barrels of undiscovered, technically recoverable oil for the Bakken Formation.
- 3.73 billion barrels for the Three Forks Formation.
- The total, 7.38 billion barrels, is a two-fold increase over USGS’ 2008 estimate, which included only the Bakken Formation because Three Forks wasn’t thought to be productive.
The chart below shows how resource estimates have skyrocketed since 2008 and 1995, when the assessment totaled only in the millions of barrels:
Posted April 29, 2013
Washington Times – Pa.: High Methane in Town’s Water Supply Not Caused by Fracking
After a 16-month investigation, the Pennsylvania Department of Environmental Protection says there’s no evidence connecting hydraulic fracturing with high levels of methane found in private water supplies in Franklin Forks.
Wall Street Journal – Impact Fees Benefit Pennsylvania Towns
The Journal details ways the fees from hydraulic fracturing have been used by different communities. Cumberland Township, a small farming community in southwest Pennsylvania, got $1 million or nearly half its annual operating budget, which it used to buy new police and fire equipment as well as pay for other public needs. (Subscription required for this publication)
Posted April 26, 2013
CNN Money – America’s Air is Getting Cleaner and Less Costly
Increased natural gas production in the U.S. will be a huge driver in improving air quality, writes CNN Money in a report about improving air quality in the U.S. Also notable: In 2012, for the first time ever, natural gas generated as much electricity as coal, and with energy production surging, this trend is likely to continue.
Owners Carter Stewart and Ken Schlenker say they named Derby entrant “Frac Daddy” as a nod to their energy industry occupations – and hydraulic fracturing. “[We] consider this horse a tribute to the oilfield workers of America,” Stewart says.
Posted April 25, 2013
Low-cost shale natural gas has made North America – specifically the United States – a more competitive region for petrochemical producers. The sector has plans to add $120 billion in investments through 2030, according to an IHS analysis.
AEI Ideas Carpe Diem Blog – Spectacular Rise in America’s Oil Output
The U.S. last week reached a 21-year high for domestic oil production, more than 7.3 million barrels of oil per day, something that is “nothing short of phenomenal,” writes blogger Mark J. Perry. The last time U.S. output exceeded the 7.3 million bpd mark was in 1992.
Posted April 23, 2013
The Hill’s E2 Wire – Interior Chief Jewell on Fracking Rules: ‘One Size Doesn’t Fit All’
New Interior Secretary Sally Jewell hosted her first a public video chat this week. Jewell, a former oil and natural gas industry engineer, talked about her personal experiences with hydraulic fracturing, saying, “fracking as a technique has been around for decades. … I have performed the procedure myself very safely.”
Bloomberg reports that the nine geographic fields that make up the majority of Eagle Ford shale play in Texas yielded 471,258 barrels of crude a day in February, a 74 percent increase from last year.
Posted April 22, 2013
AEI Carpe Diem Blog – On Earth Day
Mark Perry writes: “As we observe Earth Day this year, it might be a good time to appreciate the fact that Americans get most of their plentiful, affordable energy directly from the Earth’s ‘natural environment’ in the form of fossil fuels (coal, natural gas, and petroleum).”
The Globe and Mail – What I’d Like to See this Earth Day: More Fracking
“If fracking happens across the world, emissions would likely decline substantially by 2020,” writes Bjorn Lomborg in a guest column. “This Earth Day, we need a dose of realism about real environmental challenges …and the real opportunities that exist for environmental innovation, to make our planet a better place.” (Note: This piece originally appeared in The Australian: http://bit.ly/ZIpmjk)
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 April 17, 2013
Washington Times – Is It Time to End Ethanol Vehicle Fuel mandates?
Steve Goreham recaps the pros and cons in the ethanol, Renewable Fuel Standard debate.
Press Connects – Guest Viewpoint: NY Can’t Afford to Pass on Natural Gas
In a guest piece, New York resident Bob Tiberio writes that affordable energy “is the lifeblood of our economy and lowers the cost of almost everything we make and use. It drives economic growth and gives the United States a competitive edge in global markets. For most Americans, a high “quality of life” begins with low cost energy, which increasingly means natural gas from shale.”
Posted April 17, 2013
You can’t help but feel empathy for New York state residents, struggling with high unemployment and low economic growth. Ads touting the “new” New York’s open-for-business attitude are airing nationally, trying to encourage new start-ups and to convince enterprises from other states to relocate in the Empire State.
Yet, the potential for dynamic economic growth and robust job creation is right under New Yorkers’ feet. The state’s Southern Tier counties sit atop the natural gas-rich Marcellus Shale – the same play that has fostered boom conditions in much of Pennsylvania.