The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

economy  energy-security  american-energy  fracking  ohio  colorado  arctic 

Mary Leshper

Mary Schaper
Posted February 18, 2015

NPR: Drilling companies in Pennsylvania have broken yet another record, as shale gas production jumped 30 percent last year, according to new data released by the state Department of Environmental Protection. Marcellus Shale drillers produced more than 2 trillion cubic feet of gas in the second half of 2014. Throughout all of last year, they produced 4 trillion cubic feet– or about 16 percent of what the entire United States consumes on an annual basis.

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imports  crude-oil  ethanol  energy-security  renewable-fuel-standard  american-energy  economy 

Mark Green

Mark Green
Posted February 18, 2015

Falling crude oil imports is a good-news story for the United States – indicative of greater U.S. energy self-sufficiency, resulting in less dependency on others and increased American energy security in the world. According to the U.S. Energy Information Administration (EIA), net imports of crude fell by more than 2.7 million barrels per day (bbl/d) from 2008 to 2014:

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american-energy  economy  energy-security  growth  ethanol  fracking  lng-exports 

Mary Leshper

Mary Schaper
Posted January 28, 2015

The Guardian (Debbie Carlson): Ethanol was supposed to do a lot for the US. It was supposed to help reduce our dependence on foreign oil. It was supposed to combat climate change. It was supposed to be a gateway for more renewable fuels technology. It was supposed to reduce gasoline prices because it was cheaper. So when Congress mandated in 2005 that 10% of the nation’s fuel supply had to be blended with ethanol, which is derived from corn, there were some idealistic hopes that renewable fuels would wean us off fossil fuels. It hasn’t worked that way.

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american-energy  economy  jobs  fracking  keystone-xl-pipeline  energy-security  lng-exports 

Mary Leshper

Mary Schaper
Posted January 27, 2015

TribLIVE: Specialized, experienced engineers are becoming a tough get in Western Pennsylvania as the gas drilling industry outpaces the growth of an experienced talent pool. Stock awards, sign-on bonuses, unlimited vacation and travel stipends are increasingly becoming necessary for companies looking to attract top candidates, recruiters say. “Sometimes, we get so lost in it, they have so much they're trying to offer and entice them with,” said Frank Civitate, founder and president of Synergy Staffing, based in Pittsburgh. “The fact of the matter is everyone is looking for the same types of folks.”

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economy  global-markets  energy-security  fracking  alaska  anwr  revenue 

Mary Leshper

Mary Schaper
Posted January 26, 2015

The New York Times (Daniel Yergin): A historic change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the Persian Gulf emirates, was described as the “swing producer.” With its immense production capacity, it could raise or lower its output to help the global market adjust to shortages or surpluses. But on Nov. 27, at the OPEC meeting in Vienna, Saudi Arabia effectively resigned from that role and OPEC handed over all responsibility for oil prices to the market, which the Saudi oil minister, Ali Al-Naimi, predicted would “stabilize itself eventually.” OPEC’s decision was hardly unanimous. Venezuela and Iran, their economies in deep trouble, lobbied hard for production cutbacks, to no avail. Afterward, Iran accused Saudi Arabia of waging an “oil war” and being part of a “plot” against it.

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energy-security  economy  jobs  policies  keystone-xl  alaska  fracking 

Mary Leshper

Mary Schaper
Posted January 23, 2015

Forbes (Loren Steffy): President Obama didn’t say much about energy in his State of the Union speech Tuesday. Last year, he focused on energy issues more, and devoted much of the energy portions of his speech to natural gas.

This year, he acknowledged rising U.S. oil production and the benefits of cheap energy that have come with it, and then he made a backhanded reference to the Keystone XL pipeline.

In calling on both parties to support the infrastructure projects such as “modern ports, strong bridges, faster trains and faster internet,” he then encouraged lawmakers to pass a bipartisan infrastructure plan by saying: “So let’s set our sights higher than a single oil pipeline.”

Certainly, the Keystone pipeline has become a far greater political punching bag than a meaningful piece of infrastructure. Environmentalists have greatly exaggerated its role in climate change, and Republicans in Congress are now determined to push through legislation supporting it almost out of spite for the administration’s foot-dragging on a decision.

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american-energy  economy  energy-security  jobs  fracking  state-of-the-union  state-of-american-energy 

Mary Leshper

Mary Schaper
Posted January 21, 2015

The eight states at the heart of the American shale oil revolution all grew faster than the U.S. national average over the last decade, according to the U.S. Bureau of Economic Analysis (BEA), underscoring the importance of oil production to the U.S. economy.

Gross domestic product (GDP) attributable to private industry grew at a compound annual rate (CAGR) of 1.8 percent between 2002 and 2013 for the nation as a whole, after allowing for inflation.

But for the eight states at the centre of the shale oil revolution, all of which have increased their production by at least 20,000 barrels per day since 2008, private sector GDP growth has been much faster.

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keystone-xl-pipeline  oil-sands  economy  energy-security  environment  jobs  trade  lng-exports 

Mary Leshper

Mary Schaper
Posted January 9, 2015

The Hill: The Nebraska Supreme Court on Friday struck down a lower court's challenge to the controversial Keystone XL pipeline, handing a key victory to proponents of the project. The decision overturns a lower court's ruling that had sided with landowners challenging Keystone's path through Nebraska. The lower court said a 2012 law that allowed Nebraska Gov. Dave Heineman (R) to greenlight the route was against the state's constitution.

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

Mary Leshper

Mary Schaper
Posted December 17, 2014

San Antonio Express-News: Gasoline prices are low, U.S. oil production is growing and OPEC is widening discounts for oil. Congratulations America, this is what energy security looks like. Every U.S. president since Richard Nixon has called for energy security by either producing more, using less or switching fuel sources. Over the past 20 years, we’ve done all three, while encouraging an international market where no single actor can monopolize supply. “The thing about energy security is that you don’t want bad people overseas to be able to hurt you by suddenly changing the oil market,” said Eugene Gholz, an associate professor at the University of Texas’ LBJ School of Public Affairs. “You are secure if you are protected from shocks in supply, especially from politically induced shocks.”

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

Mary Leshper

Mary Schaper
Posted November 26, 2014

EIA Today in Energy Blog: U.S. retail regular-grade gasoline prices continue to decline, averaging $2.82 per gallon (gal) as of November 24. This average is 47 cents lower than a year ago, and the lowest price heading into a Thanksgiving holiday since 2009.

 

Traditionally, the Thanksgiving holiday is one of the most traveled times of the year in the United States, and much of that travel is by car. AAA estimates that during this Thanksgiving holiday weekend (November 26-30), 41.3 million people in the United States will travel more than 50 miles from home by car. This level of travel, 4.3% higher than the same time last year, is the highest number of travelers by car for Thanksgiving in seven years and the third highest since AAA began publishing the data in 2000.

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