The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

american-energy  jobs  economy  texas  ohio  lng-exports 

Mary Leshper

Mary Schaper
Posted May 23, 2014

Bloomberg Businessweek: Mark Hiduke recently raised $100 million to build his three-week-old company. The 27-year-old isn’t a Silicon Valley technology entrepreneur. He’s a Texas oilman.

Now that a breakthrough in shale drilling technology has U.S. oil and gas production booming, an aging workforce is welcoming a new generation of wildcatters, engineers, and aspiring oil barons. After years of failing to attract and retain young talent, the industry is suddenly brimming with upstart millennials such as Hiduke—oil and gas veterans call it “the great crew change.” “I’ve never seen an industry do what the oil and gas industry has done in the last 10 years,” says T. Boone Pickens, the 86-year-old oilman. “Ten years ago I could not have made this statement that you have picked the right career.”

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american-energy  jobs  economy  taxes 

Mary Leshper

Mary Schaper
Posted May 22, 2014

Many analysts and politicians say this resource is the next industrial revolution. Hydraulic fracturing, or "fracking," has helped lead a boom in gas and oil production in the U.S. The new technology is unlocking oil and shale gas resources, spurring economic activity and giving industry a competitive edge with less expensive gas and electricity prices.

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american-energy  energy-efficiency  fracking  jobs  economy 

Mary Leshper

Mary Schaper
Posted May 13, 2014

FuelFix Blog: Oil production will continue to soar in the six major U.S. shale plays, with more barrels pumped per rig, according to federal projections released Monday.

 

Total oil production in the six regions is expected to grow to 4.43 million barrels per day in June, an increase of 75,000 barrels per day compared to May, according to the U.S. Energy Information Administration. The federal agency expects oil rigs will produce an average of 271 barrels per day each, an increase of one barrel over May.

 

The projection reflects the growing efficiency of rigs since the U.S. energy boom began. In June 2007, each rig produced an average of just 116 barrels per day in the most efficient region, the Bakken Shale.

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american-energy  fracking  energy-efficiency  economy  jobs  innovation  technology 

Mary Leshper

Mary Schaper
Posted May 12, 2014

Buffalo News: The sprawling hillside dairy farms of Neil Vitale and Jim Van Blarcom seemed to be, for 3½ decades, reflections of one another on opposite sides of the New York-Pennsylvania border.

But over the past four years, Vitale and Van Blarcom have come to live in different economic worlds.

Vitale’s Organic Farm, located in New York’s Steuben County and beset by what its owner calls high taxes and a regulation-happy state government, has shrunk in size by almost 30 percent. He’s had to sell off land to stay afloat – and it wouldn’t have happened, he said, if the state had let him cash in on the riches buried thousands of feet beneath his property. 

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american-energy  economy  jobs  fracking  ethanol  arctic 

Mary Leshper

Mary Schaper
Posted May 1, 2014

Fuelfix Blog (Matt Smith): Let’s go a little controversial here. The US oil boom is such a headline-grabbing topic at the moment that I cannot help but draw comparisons betwixt it and its pop culture equivalent, Miley Cyrus. And while on that tangent, the oil cartel OPEC reminds me of…Justin Bieber: just as US oil production is surging in stature, OPEC’s dominance appears to be waning.

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fracking  american-energy  jobs  economy  energy-security  new-york  texas  ohio  keystone-xl-pipeline  ethanol 

Mary Leshper

Mary Schaper
Posted April 30, 2014

Albany Business Review: Some New York farmers, particularly those living in the state's Southern Tier, are in favor of high-volume hydraulic fracturing. Steuben County dairy farmer Terry Waters, 60, said it would "pull us out of the hole."

 

As farmers like Waters continue to face financial hardship due to rising costs, they are seeing their counterparts in Pennsylvania benefiting from the natural gas resources located underneath their properties.

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exports  jobs  ohio  maryland  texas  north-dakota 

Mary Leshper

Mary Schaper
Posted April 29, 2014

NEW YORK (AP) — Whether to allow more exports of U.S. oil and natural gas has become a matter of political debate in Washington. But to economists, the answer is clear: The nation would benefit.

The vast majority of economists surveyed this month by The Associated Press say lifting restrictions on exports of oil and natural gas would help the economy even if it meant higher fuel prices for consumers.

More exports would encourage investment in oil and gas production and transport, create jobs, make oil and gas supplies more stable and reduce the U.S. trade deficit, they say.

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american-energy  energy-security  global-markets  jobs  lng-exports  emissions  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted April 28, 2014

Breaking Energy: Two timely research studies from think tanks inside the Beltway address energy security with particular focus on America’s new role in rearranging the established global energy order. This order is in flux precisely because of the renaissance in the American energy sector ignited by its shale (tight) oil and gas boom. Over the last decade, US crude oil and natural gas production has risen significantly. According to EIA projections in its AEO2014 Reference case, US natural gas production will continue to grow, increasing by 56% between 2012 and 2040. Similar gains are projected for US oil production.

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economy  jobs  american-energy  manufacturing  infrastructure  texas  education 

Mary Leshper

Mary Schaper
Posted April 25, 2014

Reuters: Call it the comeback kid.

 

A new ranking of the competitiveness of the world's top 25 exporting countries says the United States is once again a "rising star" of global manufacturing thanks to falling domestic natural gas prices, rising worker productivity and a lack of upward wage pressure.

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american-energy  jobs  fracking  california  texas  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted April 23, 2014

The Energy Information Administration (EIA) released new data yesterday on international energy production for the months of November and December 2013. For the 14th straight month starting in November 2012, total petroleum production (including crude oil and other petroleum products like natural gas plant liquids, lease condensate, and refined petroleum products) in “Saudi America” during the month of December at 13 million barrels per day (bpd) exceeded Saudi Arabia’s output at 11.65 million bpd (see chart above).

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