Posted December 2, 2013
Our energy renaissance – largely due to development of America’s enormous shale reserves with hydraulic fracturing – can generate good-news stories virtually every day. At the start of the gift-giving season, here are a few of those stories that underscore the opportunity we have in this country to take greater control of our energy future while creating jobs that can lead to better futures for American workers and their families.
Posted November 26, 2013
Here’s wishing everyone a happy Thanksgiving while offering a few of the reasons we can all feel blessed because of America’s energy present and future – which the men and women of the oil and natural gas industry help deliver.
Let’s start with the fact America is enjoying a renaissance in home-grown energy production, thanks to advances in technologies and techniques, such as hydraulic fracturing and horizontal drilling. Last month these played a big role in helping domestic oil output to exceed imports for the first time since 1995. Because of fracking and other technologies, more of America’s vast oiland natural gas reserves can be developed to generate fuels that provide about 62 percent of the energy Americans currently use. That’s energy that makes our lives possible – that will power our lifestyles and economy in the future, according to government projections.
Posted November 25, 2013
Interesting developments along the winter energy front from API Chief Economist John Felmy in a recent briefing for reporters.
First, though gasoline prices recently have been pushed higher by increases in world crude oil prices and higher U.S. demand, the U.S. Energy Information Administration (EIA) projects that gasoline and diesel prices will hold steady through at least the first half of 2014, Felmy said.
Second, while annual heating costs for natural gas users in 2014 are estimated by EIA to be $665, which is slightly higher than last year, they’re still likely to be 19 percent lower than they were in the winter of 2008-2009. EIA also estimates that annual costs for families who use heating oil in their homes will be 4 percent lower this year than last.
Posted November 12, 2013
Interior Secretary Sally Jewell believes Americans need a better understanding of the safe and responsible use of hydraulic fracturing in U.S. shale energy development. Jewell, from an appearance last week in San Francisco.
No disagreement here – which is why we spend a lot of time detailing hydraulic fracturing fundamentals, ground-level looks at the process, the innovation and technologies involved in safe and environmentally responsible fracking, its importance to America’s energy picture and more.
Posted September 18, 2013
Editorial: U.S. Right to Approve Cove Point LNG Export License
Washington Post: SOME BUILDING projects may be shovel-ready. Others are shovel-desperate: they are reasonable proposals that make economic sense and boast private backers but are being slowed or blocked by interest groups leaning on the government.
One that belongs in the second category is a plan to convert a natural gas import plant, an expensive facility in Cove Point, Md., that’s sitting idle, into one that can handle exports to gas-hungry Japan and India. The Energy Department approved the plan last week, but in Baltimore on Tuesday, a coalition of environmentalists and citizens groups promised to prevent the project from getting the 60 or so additional signoffs it needs. They should find a better use for their time.
Posted July 25, 2013
Senate Energy and Natural Resources Committee Chairman Ron Wyden, with some on-target remarks to a forum this week on surging U.S. shale natural gas production hosted by the Bipartisan Policy Center:
“We are in what I’ve come to describe as an economic Olympics, and winning is all about creating the most high-skill and high-wage jobs you can. … In this economic Olympics the American economy gets out of the blocks with a very strong lead because of natural gas. So what we want to do is put in place bipartisan policies that help us extend that lead in the natural gas field.”
Posted July 17, 2013
Dallas Business Journal – U.S. Shale Oil Output Could Reach 5 Million Barrels/Day by 2017
Harvard Kennedy School researcher Leonardo Maugeri, a former oil industry executive from Italy, says growing shale development could make the U.S. the world’s top oil producer in a few years. Maugeri estimates there could be more than 100,000 working wells in North Dakota and Texas by 2030 (up from the current 10,000).
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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Posted June 29, 2011