Posted November 6, 2013
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
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
Posted October 23, 2013
Marcellus Shale Gas Growing Faster than Expected
Wall Street Journal: PITTSBURGH — Natural gas production from the Marcellus Shale region is growing faster than expected, according to a new federal report issued Tuesday.
Marcellus production has now reached 12 billion cubic feet a day, the Energy Information Administration report found. That's the energy equivalent of about 2 million barrels of oil a day, and more than six times the 2009 production rate.
For perspective, if the Marcellus Shale region were a country, its natural gas production would rank eighth in the world. The Marcellus now produces more natural gas than Saudi Arabia, and that glut has led to wholesale prices here that are about one-quarter of those in Japan, for example.
Read more: http://on.wsj.com/1cedUYl
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.”
Posted October 16, 2013
U.S. Becomes World’s Top Oil Producer in 2013, Group Says
Bloomberg: The U.S. is expected to overtake Saudi Arabia as the world biggest total supplier of oil this year when natural gas liquids and biofuels are added to crude, PIRA Energy Group said.
The U.S. is projected to produce an average of 12.1 million barrels a day of liquids in 2013, 300,000 barrels a day higher than Saudi Arabia and 1.6 million more than Russia, according to data presented at PIRA’s Retainer Client Seminar Oct. 10 and Oct. 11 in New York.
The U.S. position has improved because of surging “shale oil” output, the New York-based energy consultant said. The combination of horizontal drilling and hydraulic fracturing, or fracking, has unlocked supplies in shale formations in the central part of the country. Shale liquids output has climbed 3.2 million barrels a day in the last four years, the biggest gain since Saudi Arabia raised production between 1970 and 1974.
“This isn’t a big surprise but notable all the same,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. “This is another sign of the successful story that is horizontal drilling.”
Read more: http://bloom.bg/1fDiyzu
Posted October 15, 2013
Fuel Fix.com has an article about a new report showing the U.S. oil and natural gas industry is simply booming in terms of job creation:
The U.S. oil and gas industry added new jobs faster than the total private sector during the year that ended in June, jumping 2.6 percent over the previous year and pushing the industry’s roster past 1 million jobs nationwide, according to a new report.
Posted October 14, 2013
Central Europe is a Ready market for U.S. Natural Gas
Washington Post: The global economy is still struggling to overcome the effects of the recession sparked by the 2008 financial crisis. But energy — in particular, shale gas exploration — has become one of the strongest engines for the U.S. economy.
U.S. natural gas production has increased by one-fourth in the past five years, according to the Energy Information Administration; it has created 600,000 jobs since 2009 and helped drive down gas prices for millions of Americans. Moreover, the United States is now in a position to export gas. This surplus creates opportunities for the United States to again be a geopolitical player in Europe.
While U.S. officials ponder their approach to Syria, the larger Middle East and Central Asia, they need look no farther than Central Europe and the “Visegrád Four” (Hungary, Poland, the Czech Republic and Slovakia) to find some of the United States’ most passionate allies.Read more: http://wapo.st/17039Xv
Posted October 10, 2013
Posted October 8, 2013
Hydraulic fracturing and horizontal drilling are safely unlocking vast U.S. reserves of oil and natural gas found in shale and other tight-rock formations. Developing energy from shale is an advanced process that uses the latest drilling technologies and equipment. Click here for a video showing how this process works, and visit Energy From Shale.org to learn more about America’s shale energy revolution. As for what fracking means to the United States – the answers, in charts.