The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

innovation  jobs  manufacturing  american-energy  keystone-xl  groundwater-protection 

Mary Leshper

Mary Schaper
Posted November 7, 2013

CLEVELAND -- U.S. Steel Corp. is expanding its Lorain steel tube plant to make pipes for natural gas companies.


Read more: http://on.wkyc.com/1b6PXyW

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american-energy  hydraulic-fracturing  innovation  technology  keystone-xl  ethanol  biofuels 

Mary Leshper

Mary Schaper
Posted November 4, 2013

The Outsiders Who Saw Our Economic Future

Wall Street Journal: The experts keep getting it wrong. And the oddballs keep getting it right.

Over the past five years of business history, two events have shocked and transformed the nation. In 2007 and 2008, the housing market crumbled and the financial system collapsed, causing trillions of dollars of losses. Around the same time, a few little-known wildcatters began pumping meaningful amounts of oil and gas from U.S. shale formations. A country that once was running out of energy now is on track to become the world's leading producer.

What's most surprising about both events is how few experts saw them coming—and that a group of unlikely outsiders somehow did. Federal Reserve chairmen Alan Greenspan and Ben Bernanke failed to foresee the financial meltdown. Top banking executives were stunned, and leading investors such as Bill Gross, Jim Chanos and George Soros didn't fully anticipate the downturn.

 

Read more: http://on.wsj.com/172n4PZ

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american-energy  hydraulic-fracturing  fracking  economy  jobs  technology  ethanol 

Mary Leshper

Mary Schaper
Posted October 29, 2013

Op-ed: Exports Bring Myriad Benefits

Houston Chronicle (James Clad): After the Arab oil embargo of 1973, America's energy dependence became the most obvious flaw in our superpower status.

Now, thanks largely to the shale revolution, domestic U.S. oil production is pushing imports to a 25-year low, holding down global prices despite Asian demand and Middle East/North Africa supply disruptions.

While the U.S. seems set to displace Saudi Arabia as the largest oil producer by 2020, our natural gas production has lifted our geopolitical gravitas. Now the world's largest natural gas producer, the U.S. is poised to take a growing profile as a gas exporter.

Read more: http://bit.ly/18zur0R

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jobs-and-economy  american-energy  energy-security  hydraulic-fracturing  keystone-xl  environment  industry 

Mary Leshper

Mary Schaper
Posted October 28, 2013

With colder weather creeping across the country, we think of the energy the U.S. oil and natural gas industry is providing for Americans’ lives, including heating homes and businesses. So when the Energy Department blog highlighted ways to “energize your neighborhood” with a series of energy-themed pumpkin stencils in time for Halloween – but didn’t include any for the sources of 62 percent of the energy Americans use – we thought maybe it was some kind of holiday trick.

Never fear, we've got the treats: Energy Tomorrow’s own pumpkin-carving stencils to fill in the gaps. "Energyween" anyone? 

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hydraulic-fracturing  environment  emissions  american-energy  jobs 

Mary Leshper

Mary Schaper
Posted October 24, 2013

U.S. Carbon Emissions Hit Lowest Level Since 1994

USA Today: In a bit of encouraging climate news, the U.S. government reported Monday that U.S. emissions of heat-trapping greenhouse gases from the burning of fossil fuels were lower last year than at any time since 1994.

Driven by efficiency gains, an unusually warm winter and a switch from coal to natural gas, energy-related carbon dioxide emissions actually declined 3.8% in 2012 even though the U.S. economy grew 2.8% that year, according to new data by the U.S. Energy Information Administration, the statistical arm of the Department of Energy.

This emissions decline was the largest in any year that had positive growth in per capita gross domestic product (GDP) — its economic output — and the only drop when GDP rose at least 2%.

Read more: http://ti.me/1eNNHNA

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offshore-access  offshore-development  american-energy  economy  jobs  gulf-leases  revenue 

Mary Leshper

Mary Schaper
Posted October 22, 2013

Domestic oil and natural gas development is a key driver of America’s economy and global energy security, API’s director of upstream and industry operations Erik Milito told reporters yesterday. Access to offshore resources currently off-limits in the Atlantic, Pacific and Eastern Gulf of Mexico  could supply even more of the energy and jobs Americans need. Milito:

“Americans are eager to put more of our offshore energy resources to work. If exploration and development is allowed to safely expand to new areas, domestic oil and natural gas could provide more energy, jobs and government revenue than ever before.”

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hydraulic-fracturing  fracking  american-energy  economy  revenue 

Erik Milito

Erik Milito
Posted October 22, 2013

Working in Washington D.C. big numbers (trillions and trillions) are thrown around casually, which can sometimes distort what these numbers actually mean in the real world.  An example from yesterday’s Washington Post:

The shale-gas boom will provide a modest boost to the U.S. economy. On average, the models in the Stanford study predicted that the natural-gas boom would raise GDP by about $70 billion per year over the next several decades (in current dollars).

$70 billion a year!  While, as the article notes, it is not an overwhelming percentage of GDP, ours is a big economy and $70 billion a year is nothing to be modest about.  There is a great breadth of industries contributing to our great economy so for comparison let’s pick one, and since I’m a big movie fan, let’s look at motion pictures. 

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hydraulic-fracturing  american-energy 

Mary Leshper

Mary Schaper
Posted October 21, 2013

EIA to Release New Drilling Productivity Report 

Shale Oil and Natgas Growth


EIA Energy Today
: In the past few years, the United States has experienced a rapid increase in natural gas production from shale resources and oil production from shale and other tight resources. This game-changing development has resulted in a significant reduction in the price of natural gas in the United States, both in absolute terms and compared with prices in other major consuming countries, as well as a significant decline in U.S. dependence on imported petroleum. 

Recent U.S. production growth has centered largely in a few key regions and has been driven by advances in the application of horizontal drilling and hydraulic fracturing technologies. Given the importance of drilling productivity trends as a driver for future domestic production, EIA has been developing new approaches to assess the productivity of drilling operations.

Read more: http://1.usa.gov/17EV6d4

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american-energy  exports  global-energy  pipelines  ethanol  hydraulic-fracturing 

Mary Leshper

Mary Schaper
Posted October 18, 2013

Amid Oil Boom, Petroleum Exports Surge

National Journal: RICHMOND, Calif. – It takes about a month for oil to arrive from the Middle East to a refinery here on the edge of the San Francisco Bay. On a clear day, you can see the Golden Gate Bridge in the distance from the refinery's pier, but you will probably notice first and foremost the massive tankers docked and unloading oil into a web of pipes.

About 60 percent of the oil processed by this refinery, owned and operated by Chevron, comes from the Middle East. Most of the rest comes from Alaska, also by tanker. But the oil coming in is not as interesting as what is going out. Many companies are beginning to turn around and export the refined gasoline, diesel, and jet fuel.

"As the economy has taken a hit, as vehicle efficiency standards have lowered the demand for fuel, California refineries in aggregate can now produce more than the local demand and therefore products are beginning to be exported," said Dave Reeves, president of global supply and trading at Chevron.

Read more: http://bit.ly/H1RtaF

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hydraulic-fracturing  energy-security  american-energy  lng-exports 

Mary Leshper

Mary Schaper
Posted October 17, 2013

U.S. is the World’s Largest Producer of Natural Gas – Here’s What That Means  

NPR: Natural gas production in the U.S. is going through the roof. The U.S. now produces more natural gas than any country on Earth, according to a recent report from the U.S. Energy Information Administration.

This is largely due to fracking, the controversial method for using pressurized fluids to break up rocks to get at the natural gas below. Over the past few years, fracking has had a huge effect on energy in America. Here's how.

Read more: http://n.pr/H6tGpA

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