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.
Posted August 2, 2013
In a guest editorial, Southern Methodist University’s Bernard Weinstein argues for U.S. natural gas exports. Weinstein notes a study that found that "boosting exports would decrease the U.S. trade deficit by between $11 billion and $27 billion each year… and that continued development of domestic shale gas resources could create 1.7 million jobs in the United States by 2020."
Centre Daily News – Illinois College Offering Courses on Oil and Natural Gas
Southeastern Illinois College will begin offering two new oil and natural gas programs in January 2014. This comes after Gov. Pat Quinn signed legislation allowing hydraulic fracturing in the state last month.
Posted August 1, 2013
API’s Jack Gerard announced a new PwC study on the economic impacts of the oil and natural gas industry in 2011, the most recent year for which comprehensive data is available.
During a conference call with reports, Gerard noted that in 2011 the industry supported more than 9.8 million jobs – that’s 600,000 more jobs than it supported just two years earlier. Gerard:
“The PwC report confirms what we already know: America’s 21st century energy revolution is driving our resurgent economy.”
Posted August 1, 2013
For the second year in a row, U.S. set a record increase for crude oil production in 2011 – rising 15 percent to the highest level since 1985. Natural gas production was also up 10 percent. Shale developing states led the increase.
AIE Ideas Carpe Diem Blog – Shale Revolution: U.S. Was the World’s No. 1 Petroleum Producer in April for the Sixth Straight Month
America’s shale revolution continues to perform – for the sixth month in a row America: a) took the top spot as the No. 1 petroleum producer in the world, and b) produced more petroleum than the combined output of all of the countries in Europe, Central America, and South America.