Posted December 18, 2014
Posted November 18, 2014
Posted November 5, 2014
Wall Street Journal: Next year’s GOP-controlled Senate is expected to come out strongly against President Barack Obama ’s most consequential energy and environment policies, with the likely majority leader, Mitch McConnell of Kentucky, vowing to hold votes on the Keystone XL pipeline and legislation to pare back the administration’s proposed carbon emissions rules.
It is an open question how much headway Republicans can make, given the Senate’s 60-vote procedural threshold and the threat of a presidential veto. But centrist Democrats with home-state energy interests could align with Republicans to create bipartisan majorities on bills that Senate Majority Leader Harry Reid (D., Nev.) didn’t want to bring to the floor, including approving the Keystone XL pipeline, curtailing Environmental Protection Agency rules to cut carbon emissions and expediting federal reviews of natural-gas exports. The votes would put senators on the record in a way Mr. Reid often avoided.
Posted November 3, 2014
The Hill (Jack Gerard): With zero precincts reporting, we can confidently project American energy is a landslide winner in the 2014 midterm elections.
In many races, both Republican and Democratic candidates have gone out of their way this year to embrace pro-energy policies – to the point that it’s been almost impossible to tell who’s wearing red or blue on the campaign trail.
“When I disagree with the president, I stand up to him. Whether it is on oil or support for the Keystone XL pipeline.” That’s Virginia Democratic Sen. Mark Warner. In North Carolina’s Senate race, Democratic Sen. Kay Hagan made a point of saying “I disagree with the president. I think we need to build the Keystone pipeline.” That’s one thing she has in common with her Republican opponent, Thom Tillis, who states, “I strongly support the construction of the Keystone pipeline and favor expanding offshore drilling to make our nation less dependent on foreign oil.
Posted October 29, 2014
October marks a birthday for our friends at the U.S. Energy Information Administration (EIA). Forty years ago, October 1974, EIA issued its first Monthly Energy Review (MER) – a report loaded with energy-related data and charts that’s a must-read for folks who follow energy issues. EIA Chief Adam Sieminski:
That first MER was under 50 pages and featured 3 years of data focused on fossil fuels. Today, the MER is four times as large, features data extending back 65 years, and contains information on renewable energy, emissions, energy consumption by sector, and a host of other critical subjects. In a vastly more complex energy environment, the MER continues to integrate many kinds of energy data from a wide variety of sources into one product that provides policymakers, journalists, analysts, and other concerned citizens with a comprehensive look at integrated energy data in the United States.
Certainly, much has changed over four decades. America’s energy outlook has pivoted almost 180 degrees. Check out this snippet from that October 1974 inaugural issue of MER:
Posted October 20, 2014
Shale Boom Helping American Consumers as Never Before
Bloomberg: Oil traders might see the 27 percent slide in global prices as a bear market. For U.S. consumers, it’s more like an early holiday gift.
Posted October 16, 2014
More Precise, Efficient Drilling Makes U.S. World’s Largest Petroleum Producer
AEI Carpe Diem Blog: The Department of Energy (EIA) video above explains how the steadily increasing productivity of oil and natural gas wells in the US — thanks to the increasing precision and efficiency of horizontal drilling and hydraulic fracturing — is increasing US oil and gas production. The shale revolution has increased domestic energy production so much in recent years that the US is now the world’s largest producer of petroleum products and natural gas combined.
Posted September 29, 2014
Washington Post (Robert J. Samuelson): One of the economy’s good-news stories is the oil boom, a derivative of the natural gas boom. When the drilling techniques used to tap vast new reservoirs of natural gas were applied to oil, they yielded similarly astounding results. Since 2008, U.S. oil production has increased from 5 million barrels a day (mbd) to 8.3 mbd in 2014. The U.S. Energy Information Administration says it could go to 9.6 mbd by 2019.
By all logic, we should be working to sustain the boom. We aren’t, and therein lies a classic example of how good policy is held hostage to bad politics and public relations. What would promote continued exploration is a lifting of the current U.S. ban on exporting crude oil. Let producers sell into the world market. But that seems (wrongly) an unjustified giveaway to industry. The public perceptions are atrocious.
Posted August 4, 2014
USA Today: The U.S. energy industry is booming. As new technologies make oil easier and more affordable to extract, the United States is poised to become the world's leading oil producer as soon as 2015, according to a 2013 study by the International Energy Agency. At the same time, proven oil reserves — the estimated quantities of oil that can be extracted under existing conditions — have also risen. In 2012, the U.S. had more than 30.5 billion barrels of proven oil reserves, up 15% from the year before.
Ten states accounted for nearly 80% of the U.S. proven oil reserves as of the end of 2012. Texas was the state with the most proven reserves, totaling more than 9.6 billion barrels of oil, or close to a third of all U.S. reserves. Based on the U.S. Energy Information Agency (EIA) data on proved oil reserves, these are the most oil-rich states in the country.
Unsurprisingly, the states with the highest totals of proven reserves are also among the states producing most oil. Of the 10 most oil-rich states, all but one were also among the states with the most production activity as of 2013. Together, these 10 states accounted for more than 2 billion of the 2.7 billion barrels of oil produced last year. Offshore drilling, not attributable to any state, accounted for much of the production not coming from these states.
Posted July 25, 2014
The Southern: In three years of working in the fracking fields of North Dakota, Rick Tippett has witnessed two accidents, he said.
Tippett, 61, of Creal Springs, said he never feels he puts his safety at risk when on a horizontal fracking site. Tippett works six weeks straight and returns to his Southern Illinois home during his 10-day breaks.
Between two weeks of orientation focused solely on safety, provided by a multitude of gas companies and regulators; yearly safety training and company-provided protective gear, Tippett said safety is “the No. 1 priority” on a job site.
Tippett spoke with The Southern Illinoisan after statements from Southern Illinoisans Against Fracturing Our Environment issued Wednesday that fracking is unsafe for workers. The SAFE comments came a day after fracking proponents urged faster movement on drafting rules to regulate horizontal fracking.
Accidents he has seen involved one friend who hurt his hand from a fallen pipe and another who was uninjured when water used for fracking splashed on him.
In the second incident, emergency crews responded and washed the man down as a precaution, Tippett said.
“They will stop all work if anything happens,” he said of companies operating the fracking sites.