The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

energy-101  economy  jobs  hydraulic-fracturing 

Mark Green

Mark Green
Posted July 12, 2013

In this video, Weld County Commissioner Mike Freeman talks about the safety of oil and natural gas development, through hydraulic fracturing: 

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energy-101  jobs  jobs-and-economy  security-and-access  access  taxes 

Mary Leshper

Mary Schaper
Posted July 11, 2013

From time to time, a few politicians get the not-so-bright idea to try to repeal the tax deduction for intangible drilling cost (IDCs). A new study out today from Wood Mackenzie shows what would happen if this cost recovery measure was repealed effective January 1, 2014.

During a conference call with reporters, API’s director of tax and accounting policy Stephen Comstock noted that IDC expenses including wages, fuel, and hauling costs typically represent 70 to 90 percent of the cost of a completed well. Comstock:

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energy-101  jobs  hydraulic-fracturing 

Mark Green

Mark Green
Posted July 10, 2013

Below is the first of a series of videos from Weld County, Colo., where oil and natural gas developed with hydraulic fracturing technologies is bringing benefits to individuals and communities. In the first, County Commissioner Mike Freeman talks about the impact of energy development on the county’s economy:

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energy-101  environment  fracking  hydraulic-fracturing  renewable-fuel-standard  rfs34  ethanol 

Mary Leshper

Mary Schaper
Posted July 9, 2013

New York Post – Fracking Phobia Fails Yet Again

In a guest post, National Review Online’s Rich Lowry takes issue with a new film’s claims that the EPA is a “tool of the oil and natural gas industry.” It never occurs to anti-fracking crusaders that perhaps the evidence doesn’t back up the anti-fracking hysteria, he writes.

Omaha.com – Ethanol Critics Rev Up Efforts to Repeal RFS Mandate

The news magazine highlights the debate over the Renewable Fuel Standard, which will be the subject of an  upcoming House hearing. “There will be a push in our committee by some, Republicans and Democrats, to do away with the RFS, saying that it's just completely unnecessary today," said Rep. Lee Terry.

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energy-101  hydraullic-fracturing  keystone-xl  oil-sands  shale-benefits  lng34  lng-exports  offshore-development  offshore-access 

Mary Leshper

Mary Schaper
Posted July 8, 2013

Reason - The Top Five Lies About Fracking

 Science writer Ronald Bailey highlights five falsehoods about hydraulic fracturing, from flaming faucets to water contamination. “Over 500,000 gas wells are currently operating in the United States,” Bailey writes. “Most of them manage to avoid blowing up houses, poisoning drinking water, making it hard to breathe, causing cancer...”

 Fuel Fix Blog – Oil to Flow Through Keystone XL’s Southern Leg This Year

 While the northern leg of the pipeline is going on five years waiting on approval from the Obama administration, the southern portion of the project is nearing completion. By the end of the year, the pipeline is expected to carry up to 700,000 barrels of oil per day from Cushing, Okla., to the coast of Texas.

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energy-101  jobs  regulatory-issues 

Mark Green

Mark Green
Posted July 3, 2013

Now that a federal court has stopped implementation of a new rule that would’ve required U.S. oil and natural gas companies to publicly release commercially sensitive information about foreign and domestic projects, discussion should turn to transparency tools that won’t hurt U.S. companies’ global competitiveness and potentially cause job losses.

The decision by the U.S. District Court for the District of Columbia halts implementation of the Securities and Exchange Commission’s controversial Section 1504 within the Dodd-Frank Act. Under the provision, publicly traded U.S. energy companies would have to reveal extensive data about how much they pay in licenses, taxes, royalties and other fees to foreign governments – essentially giving foreign competitors that aren’t subject to SEC rules a big advantage in the bidding process for energy contracts. The court ruling should clear the way for effective transparency that doesn’t put U.S. companies behind the 8-ball. Harry Ng, API vice president and general counsel:

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job-creation  energy-101  taxes  access 

Mark Green

Mark Green
Posted July 2, 2013

A post on The Hill’s Congress Blog by the Information Technology and Innovation Foundation’s Matthew Stepp and Megan Nicholson caught our eye:

 “… we suggest Washington policymakers raise at least $1 billion per year in new revenue from increased fees on oil and gas drilling, to be invested in breakthrough clean energy research at the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E).

 Now, we’re used to folks wanting to increase taxes and other fees from oil and natural gas to pay for their pet projects. But instead of “increased fees” maybe Washington policymakers should just let us do our jobs. The authors note:

 “According to the Department of the Interior, oil and gas drilling revenue from federal lands increased 56 percent since 2000, averaging $11 billion per year.”

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energy-101  natural-gas  oil34  environment  lng34  renewables  keystone-xl  pipeline  shale 

Mary Leshper

Mary Schaper
Posted July 1, 2013

Energy Outlook - President's Climate Plan Hinges on Natural Gas

President Obama's plan for addressing U.S. greenhouse gas emissions depends heavily on expanded hydraulic fracturing of domestic shale gas resources, writes Geoffrey Styles.

News and Sentinel.comEducational Program Focuses on Oil and Natural Gas Jobs

In an effort to train more workers for the surging shale industry, Ohio’s Washington State Community College hosted an informational session on opportunities for students and workers with an emphasis on filling new positions locally.

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energy-101  hydraulic-fracturing 

Mark Green

Mark Green
Posted July 1, 2013

Take a look at the new video below, featuring four women from the Marcellus Shale region – three in New York, where a ban on natural gas production using hydraulic fracturing is keeping shale’s benefits locked in the earth, and one from Pennsylvania, where more than $400 million in impact fees have been paid by oil and natural gas companies the past two years, in addition to more than $700 million in rents and royalties paid to land and mineral rights owners.

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economy  energy-101  environment  jobs-and-economy  keystone-xl  oil-sands  pipeline  state-department 

Mark Green

Mark Green
Posted June 28, 2013

Raise your hand if you’ve played “Whack-A-Mole,” the old staple of arcades and carnivals, where the object is bopping the heads of mechanical varmints with a padded mallet as they rapidly and randomly pop up through multiple holes in the game table.

The concept pretty well captures tactics Keystone XL pipeline and Canadian oil sands opponents have used to help delay the Keystone XL, a shovel-ready project that would create tens of thousands of U.S. jobs, help grow our economy and make the U.S. more energy secure.

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