The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

hydraulic-fracturing  keystone-xl-pipeline  natural-gas  manufacturing 

Mark Green

Mark Green
Posted March 27, 2013

New York Daily News – Why Cuomo Must Seize the Moment on Hydrofracking

Former Pennsylvania Governor Ed Rendell writes that “if we choose to embrace natural gas, it will help us get past a number of significant economic and environmental challenges. On the other hand, if we let fear carry the day, we will squander another key moment to move forward together.”

AEI Ideas – The $61 Billion Eagle Ford Shale Payoff

Mark Perry notes  that according to a new study, economic activity related to oil and natural gas development in the Eagle Ford Shale area of Texas is delivering a stimulus to the state’s economy of more than $1 billion every week that will rise to $89 billion by 2022. In addition, Eagle Ford Shale area companies hired more than 260 new workers every day in 2012.

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energy  hydraulic-fracturing  natural-gas 

Mary Leshper

Mary Schaper
Posted March 25, 2013

NBC News – Energy Boom Begins to Ripple Through U.S. Economy

In the second part of an NBC News-CNBC special report, John Schoen reports on the economic benefits being felt in manufacturing industries – steel, chemical and plastics – thanks to increased energy development spurred by hydraulic fracturing.

Houston Chronicle – Oil and Gas Industry Shows Demand for Skilled Labor

Regions with shale plays have led the country in job growth  the past few years. The Eagle Ford play created almost 100,000 jobs last year alone. As the energy surge continues in shale development regions, jobs for skilled laborers like welders, pipefitters and other service workers are the most in-demand. The Houston Chronicle highlights how local communities are expanding programs at community colleges to train students for a future in the industry.

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energy  hydraulic-fracturing  lng-exports  natural-gas 

Mary Leshper

Mary Schaper
Posted March 21, 2013

U.S. News and World Report – U.S. Oil Production Set to Surpass Imports for First Time in 20 Years

Thanks in large part to surging production from shale via hydraulic fracturing, America’s domestic energy production  is projected by the government to reach another milestone: outpacing imports for the first time since 1995. EIA projects oil production will be 2 million barrels a day higher than imports by the end of next year.

Platts – U.S. Energy Industry Must Oppose Efforts to Restrict LNG Exports

"Proposals to block LNG investments ... represent a selective and harmful departure from the free market and free trade principles,” ExxonMobil Chemical President Stephen Pryor said at an IHS petrochemical conference this week. Platts has more on natural gas development and exports.

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natural-gas  energy-taxes 

Mark Green

Mark Green
Posted March 13, 2013

A pair of new Energy Tomorrow television commercials feature real people talking about the real effects of raising taxes on America’s oil and natural gas companies – as is being pushed by some in Washington. Two main points:

  • Because our economy runs on oil and natural gas, higher taxes on oil and natural gas companies will slow it down.
  • Because energy is central to the way Americans live, making energy more expensive by raising taxes on it amounts to a tax on all Americans.

As API executive vice president Marty Durbin noted in a call with reporters today:

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energy  government  natural-gas  regulations 

Mark Green

Mark Green
Posted March 7, 2013

America is rich in the oil and natural gas that run our economy and make modern living possible. Industry ingenuity and innovation launched the shale revolution and rewrote the U.S. energy narrative – turning one of scarcity and limited opportunity into one of abundance. Needed are leadership and policies to develop the resources we have, generating transformative job creation and economic growth in the process.

ConocoPhillips Chairman and CEO Ryan Lance talked about these points in a speech at the IHS CERAWeek conference in Houston, focusing on the relationship between the oil and natural gas industry and government – probably the most pivotal relationship in terms of U.S. energy development.

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energy  innovation  natural-gas 

Mark Green

Mark Green
Posted March 7, 2013

More snapshots of energy innovators from IHS CERAWeek:

Hyperspectral ImagingRebellion Photonics

offers refiners 24/7 gas cloud monitoring through video produced by hyperspectral imaging cameras. CEO Allison Lami Sawyer says the technology, which detects hydrocarbons at 100 parts per million, is superior to traditional sensors that are prone to repeated alarms and need frequent recalibration. Sawyer says Rebellion’s service will reduce refinery downtime. “It’s the power of an image,” she says.

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natural-gas  energy  access 

Mark Green

Mark Green
Posted March 1, 2013

We say opportunities for oil and natural gas development in federally controlled areas – onshore and offshore – have been limited. Some are saying that’s false. Let’s look at the facts.

Claim: 70 percent of undiscovered oil and natural gas on federal lands is available for leasing and development.

Fact: 83 percent of areas controlled by the federal government are closed to oil and natural gas development.

What we have here is some sleight of hand with terminology. We’ll use the offshore situation to illustrate. During last year’s State of the Union address the president said he was directing the administration to open up more than 75 percent of America’s offshore resources for development.

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natural-gas  keystone-xl  energy  access  oil34 

Mark Green

Mark Green
Posted February 28, 2013

Main points from White House energy advisor Heather Zichal in an update of the administration’s positions on energy and environmental policy at an event this week hosted by the Center for Strategic & International Studies:

  • Safe, reliable, affordable energy is the lifeblood of America’s economy and is fundamentally linked to U.S. security in the world.
  • America’s energy narrative has been rewritten – chiefly due to innovations that have launched the shale oil and natural gas revolution – from one of scarcity to one of abundance.
  • The administration’s chief economic goal is to create more middle-class jobs, and energy is and can continue to be a key driver of job and economic growth.

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natural-gas  lng34  exports 

Mark Green

Mark Green
Posted February 25, 2013

New analysis by the consulting firm ICF International indicates significant potential economic benefits from the export of U.S. liquefied natural gas (LNG):

  • An average across the studied cases of 213,000 new jobs supported by LNG exports from 2015 to 2035.
  • An average across the studied cases of 24,000 new jobs in the manufacturing sector over the same period.
  • More than $720 billion in cumulative economic growth over the same period.
  • An additional 291,000 barrels per day in natural gas liquids – the critical feedstock for chemicals and other industrial sectors – by 2035.

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natural-gas  energy  atlantic-ocs  oil34 

Mark Green

Mark Green
Posted February 20, 2013

The map below makes clear that while there’s talk in Washington of an all-of-the-above approach to energy, there’s much to be done in applying that concept to our outer continental shelf (OCS) oil and natural gas reserves. Other claims notwithstanding, the number to focus on is 87 – as in the 87 percent of federal offshore acreage that’s off limits to oil and natural gas development, indicated in red.

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