The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

hydraulic-fracturing  keystone-xl  gulf-coast  refineries  manufacturing  lng34  economy 

Mary Leshper

Mary Schaper
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

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economy  investment  industry 

Mary Leshper

Mary Schaper
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.” 

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hydraulic-fracturing  economy  environment  jobs  manufacturing 

Mary Leshper

Mary Schaper
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

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hydraulic-fracturing  environment  jobs  economy 

Mary Leshper

Mary Schaper
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

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economy  jobs  income  unconventional-gas  unconventional-oil  hydraulic-fracturing 

Mark Green

Mark Green
Posted September 6, 2013

During a conference call with reporters to discuss IHS’ new report on the economic impacts of U.S. unconventional oil and natural gas development, IHS Vice President John Larson noted that while many of the report’s big numbers – including 3.3 million jobs that could be supported by 2020 and more than $468 billion in annual contributions to GDP – might be abstract to most Americans, the projected benefits to individual U.S. households from this energy activity are “real and tangible.”

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jobs  economy  hydraulic-fracturing  keystone-xl  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
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

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jobs  economy  access 

Mark Green

Mark Green
Posted September 3, 2013

It’s good to see a pair of senior White House officials pointing to increases in domestic oil and natural gas production as key factors in an improving U.S. economy. On the White House Blog, Gene Sperling, director of the National Economic Council, and Jason Furman, chairman of the Council of Economic Advisors, write about last week’s upward revision in second-quarter GDP from 1.7 percent to 2.5 percent.

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jobs  economy  economic-growth 

Mark Green

Mark Green
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.

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economy  emissions 

Mark Green

Mark Green
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:

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hydraulic-fracturing  renewable-fuel-standard  new-york  economy  environment 

Mary Leshper

Mary Schaper
Posted August 26, 2013

New York's Choice is a natural One Times Union Commentary: Now that President Barack Obama and Gov. Andrew Cuomo have toured New York, it is worth considering the goals we should have for the 21st century, the role natural gas could play and what is broadly at stake. The world is watching New York. As the Earth's population grows from 7 billion to 10.5 billion, meeting future energy goals requires that the global energy supply expand from 15 terawatts to 75 terawatts. Because energy is prosperity, the expansion of supply must also be steady. Prosperity delayed, like justice delayed, has a high social cost. Read more: http://bit.ly/15cOxfG

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