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Mary Leshper

Mary Schaper
Posted October 16, 2013

U.S. Becomes World’s Top Oil Producer in 2013, Group Says

Bloomberg: The U.S. is expected to overtake Saudi Arabia as the world biggest total supplier of oil this year when natural gas liquids and biofuels are added to crude, PIRA Energy Group said.

 

The U.S. is projected to produce an average of 12.1 million barrels a day of liquids in 2013, 300,000 barrels a day higher than Saudi Arabia and 1.6 million more than Russia, according to data presented at PIRA’s Retainer Client Seminar Oct. 10 and Oct. 11 in New York.

 

The U.S. position has improved because of surging “shale oil” output, the New York-based energy consultant said. The combination of horizontal drilling and hydraulic fracturing, or fracking, has unlocked supplies in shale formations in the central part of the country. Shale liquids output has climbed 3.2 million barrels a day in the last four years, the biggest gain since Saudi Arabia raised production between 1970 and 1974.

 

“This isn’t a big surprise but notable all the same,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. “This is another sign of the successful story that is horizontal drilling.”

 

Read more: http://bloom.bg/1fDiyzu

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hydraulic-fracturing  fracking  economy  global-markets  global-energy 

Mary Leshper

Mary Schaper
Posted October 7, 2013

Is NY Fracking a Good Idea? Look at Pennsylvania

 CNBC: First was Texas. Next came Pennsylvania and North Dakota. Could New York become the next U.S. shale hotspot?

 It's a tantalizing prospect for some, given that the Empire State sits atop not one but two prolific shale formations, the Marcellus and the Utica. According to the most recent data from the United States Geological Survey, both have more than a combined 100 trillion cubic feet of estimated natural gas reserves.

 Should New York overcome its deep reluctance to drill for natural gas, some experts say the state has the potential to ride a wave of domestic production—one credited with creating thousands of natural gas-related jobs nationwide. But so far at least, New York has given an ear to environmental interests that point to dangers around accessing the reserves, especially the hydraulic process known as "fracking."

 Read more: http://cnb.cx/15Wtrnh

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access  cuba  domestic-energy  energy-policy  gulf-of-mexico  offshore-drilling  rhetoric-vs-reality  russia  global-energy 

Jane Van Ryan

Jane Van Ryan
Posted March 19, 2010

America's "stuck in neutral" energy policy has just received another shot over the bow. This time it comes from Russia, which is one of several countries that are actively seeking oil and natural gas resources in the Western Hemisphere. 

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