Posted August 23, 2013
High-volume hydraulic fracturing natural gas development has made increased production of shale gas and oil economically attractive. With increased production of natural gas, the price according to BCG has declined 51% since 2005. And, technology is projected to result in further lowering production costs. This is a big advantage over our competitors that have natural gas prices that are 2.6 to 3.8 times greater than our domestic prices in America.
Posted August 22, 2013
Shale, Fracking Are Not the main Cause of Texas Water Shortages
One of the challenging aspects of shale oil and gas development in the United States comes from the fact that some of the large shale reservoirs are located in areas that are arid or semi-arid. Some, like the Eagle Ford and Cline Shales in Texas and the Niobrara in Colorado, are affected by ongoing drought conditions. This reality can make the sourcing of water for hydraulic fracturing operations a difficult undertaking.
Posted August 21, 2013
USA Today: What New Energy Landscape Means to USA
When Mexican President Enrique Peña Nieto unveiled a plan recently to allow private investment in his nation's energy production, it received relatively little notice. But it is a very big deal. Mexican oil has been the province of a government controlled-monopoly since the industry was nationalized in 1938.
Adding private sector know-how could easily increase production by 25% or more in a decade as new drilling technologies are brought to bear. This would add to an equally positive and unanticipated development: the vast increase in oil and gas production in the USA and Canada.
Posted August 16, 2013
USA Today – Our View: Ethanol Quotas Pump Money from Your Pocket
USA Today’s editorial says that the increasing ethanol mandate is “bad public policy” that the “Obama administration has some flexibility to lower mandates, but a better approach would be to repeal the law entirely.”
City Journal – The View from Marcellus
Hydraulic fracturing “brings breathtaking economic and environmental benefits – at least to places that welcome it,” writes James Panero. He also notes that in 2000, shale produced only 2 percent of our domestic oil and natural gas supply. According to government studies, 50 percent now comes from shale and unconventional sources.
Posted August 15, 2013
North Dakota blogger Rob Port comments on concerns voiced by the state’s mineral resources director: “It’s always been a hard sell to the public at large that North Dakota’s oil boom – the goose laying the golden eggs – isn’t a given. To ensure the boom is something more than a boom-and-bust, the state should be looking at simplifying the tax code.”
The Hill’s Energy & Environment Blog – EPA’s McCarthy: Responsible Natural Gas Production Key to Climate Strategy
EPA Administrator Gina McCarthy, speaking in Colorado: “Responsible development of natural gas is an important part of our work to curb climate change and support a robust clean energy market at home.”
Posted August 14, 2013
National Journal – Infograph: Field of Pipes
NJ’s Amy Harder writes that “as Washington fights, pipes meant for Keystone XL collect dust.” The graphic provides perspective: More than 200 miles of pipe worth $200 million sitting in Gascoyne, N.D. waiting on approval of the 1,700-mile pipeline from Alberta, Canada to the U.S. Gulf Coast.
AEI Ideas Carpe Diem Blog– U.S. Oil Output Increased to 24-Year High in Just Two Years
Blogger Mark J. Perry notes a Department of Energy report that found U.S. oil output averaged 7.57 million barrels per day – the highest domestic crude oil output since 1989, and more than 22 percent higher than the same week last year. Perry: “That’s pretty amazing – thanks to advances in drilling technologies, it’s as if we’ve discovered all of Brazil’s vast energy resources right here in America.”
Posted August 13, 2013
In an effort to curb carbon emissions, Canadian energy companies have started converting CO2 into products – taking carbon dioxide from processing oil sands, mixing it with wastewater and fed to algae, which then can be turned into cattle feed and other products.
Washington Times – China Will Surpass U.S. in Oil Imports
According to EIA data, China will take over the top spot from the U.S. as the world’s largest importer of crude oil by October, the newspaper reports. This shift in the global oil market – the first time the U.S. will not be the top importer or oil since the 1970s – “could transform geopolitics” as the U.S. shale surge continues.
Posted August 12, 2013
EIA Today in Energy – Production of Fossil Fuels from Federal, Indian Lands Fell in 2012
Sales of fossil fuels from production on federal and Indian lands in 2012 dropped 4 percent from 2011, according to Department of the Interior data. This decline is largely due to declines in offshore oil and natural gas production.
National Journal – My Week in Oil Boom Country
NJ’s Amy Harder got a first-hand look at the surging shale development in North Dakota’s Bakken shale play. Sens. John Hoeven and Heidi Heitkamp, both representing N.D., and Interior Secretary Sally Jewell also toured facilities around Williston.
Posted August 6, 2013
U.S. News & World Report – 'Game Changers' for Job Creation
The National Taxpayer Union’s Pete Sepp notes a recent study indicating the top catalyst for U.S. job creation is oil and natural gas production, particularly from shale development. Sepp outlines the benefits in the study, including adding $690 billion a year to U.S. GDP and creating up to 1.7 million new jobs by 2020.
Posted August 5, 2013
Philly.com – Natural Gas Surge a Blessing for Pa.
The Marcellus Shale has the potential to provide a quarter of America's natural gas by 2020, writes Kevin Colosimo. Another bonus of shale development in the state: Jobs. Thanks to hydraulic fracturing in the Marcellus, the oil and natural gas industry has hired more than 150,000 new employees in the past three years – three-quarters of them Pennsylvania residents.
Fuel Fix Blog – Energy Rigs in U.S. Cap Longest Streak of Gains in Two Years
Baker Hughes’ national oil and natural gas rig count reached 1,782, the most since December. The resurgence in energy production helped the U.S. meet 87 percent of its energy needs in the first four months of 2013, on pace to be the highest annual rate since 1985, notes the blog. A large portion of this increase is thanks to hydraulic fracturing and shale development in the Marcellus Shale play.