The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

ohio  economy  jobs  fracking  infrastructure  utica-shale 

Mark Green

Mark Green
Posted April 16, 2014

The story of the impact of oil and natural gas production story in Ohio is old – and new. Old in the sense the state was one of the country’s earliest producers of oil and natural gas. But also new, because development of the Utica Shale play in the past few years is responsible for an oil and natural gas resurgence, one that parallels what’s happening in the country as a whole.   Thanks to shale development through advanced hydraulic fracturing and horizontal drilling the state is seeing job creation, investment and economic growth.

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texas  pennsylvania  west-virginia  alaska  wyoming  ohio  economy  jobs  lng34 

Mary Leshper

Mary Schaper
Posted April 15, 2014

Reading through the news-clips today one big message stood out: Energy is delivering promise and opportunity for states across the country. American energy is boosting local economies – from creating jobs to providing the energy we need. Take a look at what’s happening in energy in your state:

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economy  jobs  fracking  texas  ethanol  renewable-fuel-standard 

Mary Leshper

Mary Schaper
Posted April 11, 2014

NPR: South Texas is in the midst of a massive oil boom. In just a few years, it has totally transformed once-sleepy communities along a crescent swoosh known as the Eagle Ford Shale formation and has brought unexpected prosperity — along with a host of new concerns. Among the towns drastically changed by the drilling is Cotulla, southwest of San Antonio, about 70 miles up from the border with Mexico. The area is called brush country — flat, dry ranch land, scrubby with mesquite and parched by drought.

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american-energy  fracking  jobs  economy  energy-security  keystone-xl-pipeline  exports 

Mary Leshper

Mary Schaper
Posted April 8, 2014

San Antonio Express-News: The oil and gas boom brought about by new drilling technology is drawing people to shale plays like iron filings to magnets.New census data show a population surge as the oil boom draws workers and families to oil fields around the country. Some of the nation's fastest-growing communities include Midland and Odessa in the Permian Basin and three cities near North Dakota's Bakken Shale field: Williston, Dickinson and Minot. The rapid increase in drilling in the Eagle Ford Shale has spilled into San Antonio.

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energy-security  american-energy  imports  fracking  jobs  economy 

Mary Leshper

Mary Schaper
Posted April 2, 2014

Total U.S. net imports of energy, measured in terms of energy content, declined in 2013 to their lowest level in more than two decades. Growth in the production of oil and natural gas displaced imports and supported increased petroleum product exports, driving most of the decline. A large drop in energy imports together with a smaller increase in energy exports led to a 19% decrease in net energy imports from 2012 to 2013.

Total energy imports declined faster—down 9% from 2012 to 2013—than in the previous year, while export growth slowed. Crude oil production grew 15%, about the same pace as in 2012, which led imports of crude oil to decrease by 12%, accounting for much of the overall decline in imports.

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economy  fracking  lng-exports  jobs  keystone-xl-pipeline  energy-security 

Mary Leshper

Mary Schaper
Posted April 1, 2014

With Europe’s dependence on Russian gas impeding diplomatic efforts, it’s time to reconsider outdated policies that are keeping the U.S. from becoming an energy exporter.

U.S. lawmakers don’t drive around in 1970s-era cars, yet they don’t seem to mind energy policies that are equally out of date. Attempts to export shale oil and gas, for example, have run smack into legal and regulatory barriers as old as a Gran Torino.

Energy companies have been urging Congress to lift the lid on exports and start treating oil and gas again like any other commodity that’s freely traded in world markets. Tapping global demand for U.S. shale oil and gas, they say, will spur domestic production and create even more jobs in a sector that’s already racked up robust employment gains.

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american-energy  energy-security  economy  jobs  fracking  texas  oklahoma  pennsylvania 

Mary Leshper

Mary Schaper
Posted March 31, 2014

Over the past few years, the U.S. has witnessed a dramatic turnaround in its energy situation. Thanks largely to a combination of horizontal drilling and hydraulic fracturing, or "fracking," energy producers have been able to tap vast oil and gas deposits buried in deep shale formations. As a result, domestic oil and gas production has surged to multi-decade highs.

This energy boom has yielded tremendous and widespread economic benefits to the United States. A statement from the White House Council of Economic Advisors last year summed it up nicely: "Every barrel of oil or cubic foot of gas that we produce at home instead of importing abroad means more jobs, faster growth, and a lower trade deficit." Let's take a closer look at some of the main ways the energy boom has helped the nation's economy.

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american-energy  fracking  jobs  lng-exports  manufacturing  texas  ohio 

Mary Leshper

Mary Schaper
Posted March 28, 2014

The nation's energy boom, stoked by technological advances both onshore and offshore, drove significant economic growth for the oil and gas industry, which also fueled a corresponding population boom in resource-rich areas such as North Dakota and Texas between 2007 and 2012, according to the U.S. Census Bureau.

The bureau's Economic Census Advance Report, released Wednesday, provides the first comprehensive look at the U.S. economy since the Great Recession, supplying data on a series of key metrics across more than 1,000 industries. The report comes out every five years.

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economy  jobs  american-energy  fracking  global-energy  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted March 27, 2014

Associated Press: WASHINGTON -- America's cities are still growing, with the population boom fueled by people picking up and moving to find jobs in energy production across the oil- and gas-rich areas west of the Mississippi River.

New 2013 census information released Thursday shows that cities are the fastest-growing parts of the United States, and a majority of the metro areas showing that growth are located in or near the oil- and gas-rich fields of the Great Plains and Mountain West.

Neighboring cities Odessa and Midland, Texas, show up as the second and third fastest-growing metro areas in the country. Sara Higgins, the Midland public information officer, has a simple explanation: oil. "They're coming here to work," Higgins said.

Energy production is one of the fastest-growing industries in the United States, the Census Bureau said. The boom in the U.S. follows the use of new technologies, such as hydraulic fracturing and horizontal drilling, to tap oil and gas reserves.

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economy  energy-efficiency  jobs  fracking  energy-security  exports  lng34 

Mary Leshper

Mary Schaper
Posted March 21, 2014

To Americans used to thinking of energy in terms of the Middle East, the names of the world's top producers of natural gas might come as a surprise.

 

No. 1 is the United States. No. 2 is Russia. Together they stand as the giants of gas production. What separates them is that the U.S. consumes its gas, while Russia has become the world's largest exporter — a key reason why President Vladimir Putin felt confident that he could seize Crimea from Ukraine and get away with it. Russia supplies 30% of Europe's gas needs, making it hard for European leaders to muster the resolve to resist.

 

The good news is that the West can turn the tables on Putin, freeing Europe from its dependency and in the process making Russia pay dearly. That can't be done fast enough to neuter the current crisis, nor will it come cheaply. But if Putin believes his actions will drive Europe toward energy independence, he'll have to think twice. Deprived of its biggest market, Russia's fragile, energy-based economy would erode, along with its power and Putin's stratospheric popularity.

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