Posted September 27, 2013
Fracking is Helping U.S. Produce More of Its Own Energy
Fact Tank: Though many Americans apparently don’t realize it, the U.S. is producing considerably more of its own energy. Last year the U.S. generated a record 79.1 quadrillion Btu (British thermal units) domestically, nearly 14% more energy than in 2005, largely due to increased production of oil and natural gas.
And with the ongoing boom in “unconventional” oil and gas production, the nation is on track to produce even more energy this year.
Read more: http://bit.ly/175nsA7
Posted September 26, 2013
The promise of American energy is something we have written about a lot on this blog. From the millions of more jobs the industry could support to the economic lift to local economies, energy benefits are real and tangible.
So a blog post from the Progressive Policy Institute’s Diana Carew caught our attention. Carew highlights the U.S. Investment Heroes report, in which eight of the top 25 U.S. Investment Heroes of 2013 were energy companies. Carew:
“…the sheer magnitude of the investments by these companies means the contribution of the energy sector to economic growth should not be ignored or discounted in the larger conversation… our research found that of the three categories, energy companies were by far making the biggest bet on America’s future.”
Posted September 23, 2013
Manage Risk, Reap Reward: With Good Rules, Fracking for Natural Gas and Oil Can Be Safe, Profitable
The Columbus Dispatch: When a former U.S. energy secretary tells a Columbus audience that hydraulic fracturing to extract oil and natural gas from shale formations can be done in a clean, safe way, that it’s all a matter of fixing errors in the process, that should inspire confidence.
And that’s obviously great news for Ohio, which has started to benefit economically from advances in this extraction process. Because of the newly accessible supply of natural gas, consumers have seen the cost come down after spiking in 2008, and prices could stay in the current range for decades.
Steven Chu, energy secretary under President Barack Obama from 2009 until this past April and now a Stanford University physics professor, was the keynote speaker on Tuesday at a conference by America’s Natural Gas Alliance. He called it a “false choice” to say that the U.S. has to choose between the environment and inexpensive natural gas.
Read more: http://bit.ly/16tlbKE
Posted September 9, 2013
If California Gets Its Act Together on Fracking, An Economic Boom Awaits
Forbes: Alex Epstein -- I live in California, a state where our government is practically bankrupt, businesses are fleeing, and 1.6 million citizens are unemployed. To say the least, our state needs an economic breakthrough.
Fortunately, we are on the verge of one. The state that gave birth to Silicon Valley has the opportunity to become Energy Valley, thanks to a miraculous technology that turns stone into oil.
That technology is called shale oil technology. Governor Brown calls it “an opportunity we can’t miss” because it can single-handedly turn our economy around.
Read more: http://onforb.es/17LLAYn
Posted September 6, 2013
Posted September 5, 2013
How America’s Oil and Natural Gas Revolution is Helping Consumers and Workers
CNN Money (Daniel Yergin): The rapid rise in shale gas and tight oil in the United States constitutes nothing less than a revolution in oil and natural gas. No longer can there be any doubt about the dramatic change in America's energy position. U.S. oil production is up 50% since 2008, when we were supposedly slated to run out of oil. Natural gas production has increased by 33% since 2005, and shale gas alone now constitutes about 45% of total natural gas production.
This revolution is not just about energy production; it's an economic story along several dimensions, whether measured in consumers' pocketbooks, jobs, U.S. manufacturing output, or America's increased competitiveness in the world economy. This has occurred amid a half-decade of deep recession and high unemployment. Indeed, without the boost from the unconventional oil and gas development, the U.S. economic picture would have looked even worse over the last few years.
Read more: http://bit.ly/15ClGse
Posted September 3, 2013
Posted August 30, 2013
Like our “jobs quilt” below? When thinking about the oil and natural gas industry’s contribution to the economy and everyday American life this Labor Day weekend, the 9.8 million jobs supported by the industry come to mind.
The squares in the “quilt” detail industry’s jobs impact in various states – reflecting the fact that the economic lift of oil and natural gas development reaches all 50 states and the District of Columbia, according to a recent PwC report.
Posted August 27, 2013
U.S. Energy Secretary Ernest Moniz emphasized the Obama administration’s commitment to curbing CO2 emissions during an appearance at Columbia University Monday, but he also stressed that energy policies must be grounded in reality:
Posted August 26, 2013