The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

ethanol  imports  oil34  renewables  rfs34 

Bob Greco

Bob Greco
Posted April 30, 2013

Imports of crude oil have decreased significantly over the past four years as the U.S. has become more self-reliant in meeting its energy needs domestically. In fact, as the graph below shows, from the beginning of 2008 through the end of 2012 net U.S. oil imports have declined by more than 1.3 million barrels per day (bpd) while domestic production has increased by almost 1.5 million bpd. In short, the increase in domestic production accounts for all of the reduction in imports and then some.

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budget  exports  new-york  hydraulic-fracturing  natural-gas  taxes  oil34  energy-101 

Mary Leshper

Mary Schaper
Posted April 11, 2013

New York Post Gov. Cuomo’s Ugly Message to  Businesses

Gov. Andrew Cuomo likes to declare that New York is “open for business,” but his prolonged refusal to OK hydraulic fracturing sends the opposite message,  John Krohn writes in a guest op-ed.

Rockland County TimesExports Grow Our Economy, Lift Ban on Natural Gas

In an op-ed, Margo Thorning writes that “the United States should capitalize on the comparative advantage it has over other countries with natural gas. In fact, respected economic consulting firm NERA recently analyzed LNG exports for the Energy Department and found that across every market scenario, increased exports would benefit the U.S. economy.”

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fracking  natural-gas  refineries  oil34 

Mary Leshper

Mary Schaper
Posted April 10, 2013

AEI IdeasEconomic Fact of the Day

According to new Bureau of Labor Statistics data, Midland, Texas, has the lowest metro jobless rate in the U.S. at 3.2 percent. What’s different about Midland, asks blogger Mark J. Perry. The town is in the heart of the Permian Basin oil field’s surging shale production – thanks to hydraulic fracturing.

Associated PressEnergy Secretary Nominee Backs Natural Gas ‘Revolution’

The AP recaps the nomination hearing for Ernest Moniz. During the hearing, Moniz noted the “stunning increase in domestic natural gas production” that has led to “reduced carbon emissions and a dramatic expansion of manufacturing and job creation.”

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hydraulic-fracturing  manufacturing  natural-gas  regulations  taxes  oil34 

Mary Leshper

Mary Schaper
Posted April 4, 2013

Forbes The Top Five Facts Everyone Should Know About Oil and Natural Gas Exploration

Ryan Carlyle, a subsea hydraulics engineer, writes that oil accounts for one-third of humanity’s energy supply, is unrivaled in power generation and is fundamental to lifting billions of people out of poverty. Fun fact: If solar power generation doubled every decade for 100 years, it would still be pretty far behind oil today.

Wall Street JournalBeware Tax Reform That Raises Taxes on Capital

Of the ongoing congressional debate over tax reform, Margo Thorning writes  that “Investment, growth and job creation should be the cornerstones of any tax-reform effort.”

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gas34  keystone-xl  hydraulic-fracturing  oil34 

Mark Green

Mark Green
Posted March 6, 2013

Saudi Aramco President and CEO Khalid Al-Falih issued a number of challenges at IHS CERAWeek 2013, the energy consultancy’s mega-conference this week in Houston: innovate – to allow greater recovery of resources, greater efficiency and improved environmental performance. His call dovetailed with a conference agenda stocked with presentations and discussions of energy innovation – which Al-Falih said is one of the keys to the oil and natural gas industry moving into the energy future alongside growing world demand:

“We will significantly bolster (industry) resilience by continuing to create truly transforming and game-changing technologies.”

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natural-gas  keystone-xl  energy  access  oil34 

Mark Green

Mark Green
Posted February 28, 2013

Main points from White House energy advisor Heather Zichal in an update of the administration’s positions on energy and environmental policy at an event this week hosted by the Center for Strategic & International Studies:

  • Safe, reliable, affordable energy is the lifeblood of America’s economy and is fundamentally linked to U.S. security in the world.
  • America’s energy narrative has been rewritten – chiefly due to innovations that have launched the shale oil and natural gas revolution – from one of scarcity to one of abundance.
  • The administration’s chief economic goal is to create more middle-class jobs, and energy is and can continue to be a key driver of job and economic growth.

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natural-gas  energy  atlantic-ocs  oil34 

Mark Green

Mark Green
Posted February 20, 2013

The map below makes clear that while there’s talk in Washington of an all-of-the-above approach to energy, there’s much to be done in applying that concept to our outer continental shelf (OCS) oil and natural gas reserves. Other claims notwithstanding, the number to focus on is 87 – as in the 87 percent of federal offshore acreage that’s off limits to oil and natural gas development, indicated in red.

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state-of-the-union  lng-exports  keystone-xl  fracking  energy  oil34 

Mark Green

Mark Green
Posted February 12, 2013

OK, so here’s the deal: Seldom is the annual State of the Union message going to be confused with the Gettysburg Address for lyric quality. Historically, presidents use the speech to set out detailed policy agendas. As listeners seek focus during an oration that might stretch an hour or more, we’re here to help.

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keystone-xl  shale  gas34  oil34 

Mark Green

Mark Green
Posted February 8, 2013

Quick facts about the Keystone XL pipeline project and Canada’s oil sands resources:

• Construction of the Keystone XL would generate 20,000 jobs during that phase, according to builder TransCanada.

• Oil sands development associated with the Keystone XL could support 117,000 new U.S. jobs by 2035, according to the Canadian Energy Research Institute (CERI).

• New oil sands development could support more than 500,000 additional U.S. jobs by 2035 (CERI).

• $20 billion could be injected into the U.S. economy by the full Keystone XL project, which would pay more than $5 billion in taxes to local counties over its life.

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fracking  oil34  gasoline 

Mark Green

Mark Green
Posted February 8, 2013

In its online debate this week on hydraulic fracturing, The Economist poses this question: “Do the benefits derived from shale gas outweigh the drawbacks of fracking?” It’s a thought-provoking question that has elicited a number of thoughtful responses.

Let’s examine some of the arguments of those who answer that question no. Now, in a debate you typically lead with your best argument, so it’s telling that opposition’s opening shot against hydraulic fracturing basically is a big swing and a miss. Here it is:

Fracking currently enjoys exemptions from parts of at least seven major national statutes, including the Clean Air Act, Clean Water Act and Safe Drinking Water Act. If fracking is so safe, why can't the industry be held to the same standards as everyone else?

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