Posted May 17, 2013
Free Enterprise – Keystone XL: Real Benefits for the U.S.
Sean Hackbarth notes Keystone XL pipeline developments this week: The House Transportation Committee advanced a bill that would allow construction of the full pipeline – the third congressional committee to do so; Canadian Prime Minister Stephen Harper was in New York City touting the project’s benefits for both the U.S. and Canada; and a small business owner in Maryland told the president that businesses like his would get a boost from the project.
The Hill – DOE Approves Natural Gas Export Project
A Texas LNG facility has the green light from DOE for exports to non-free trade nations. DOE noted that project opponents “have not demonstrated that the requested authorization would be inconsistent with the public interest.”
Posted May 16, 2013
Breaking Energy – Sieminski: U.S. Tight Oil Growth Helping Lower Global Crude Price
U.S. tight oil production has helped to shave about $20-$25 per barrel from Brent crude oil prices, and continued output growth could further impact global pricing, says Energy Information Administration Administrator Adam Sieminski.
E! Science News – Groundwater Unaffected by Shale Gas Production in Arkansas
Duke University and U.S. Geological Survey scientists sampled 127 shallow drinking water wells in areas overlying Fayetteville Shale gas production in north-central Arkansas and found no ground water contamination from hydraulic fracturing.
Posted May 15, 2013
Washington Examiner – Fracking Could Create New Wealth for New York
In a guest column, former Department of Labor Chief Economist Diana Furchtgott-Roth discusses the opportunities hydraulic fracturing could bring to New York state. “Using the Pennsylvania data to project fracking's effect on New York counties, I find that the incomes of those who live in the 28 New York counties above the Marcellus Shale have the potential to expand by as much as 15 percent over the next four years -- if the state's moratorium is lifted.”
National Journal – Natural Gas Exports Loom Large Over Washington
NJ’s Amy Harder takes a look at the liquefied natural gas debate after a visit to Dominion’s Cove Point, Md., facility – a former import terminal waiting for federal approval to add export capabilities.
Posted May 14, 2013
Energy Biz – Shale Gas Shifting Global Energy Map
The global development of shale gas has the potential to boost worldwide natural gas supplies and help reduce market costs, writes Siemens Financial Services President Kirk Edelman. “For the U.S., the shale gas boom is still perhaps only a potential game changer, however, if realized, the economic benefits will be significant.”
Breaking Energy – The Science Behind the Keystone XL Pipeline Decision
Breaking Energy recaps the congressional Energy and Environmental Subcommittees’ joint hearing on the Keystone XL pipeline last week. Rep. Chris Stewart noted that Keystone XL has been under review for more than four years, which is how long it took to fight World War II, build most of the transcontinental railroad and the typical length of a college education.
Posted May 13, 2013
Associated Press – Natural Gas Export Plans Stir Debate
The AP highlights describes the natural gas export debate, which is being driven by an abundance of domestic supply. Sen. Ron Wyden, chairman of the Senate Energy and Natural Resources Committee, said officials should seek a "sweet spot" for LNG exports — allowing enough to spur drilling and increase gas supplies, but not enough to create export-driven price hikes.
Free Enterprise – Interior Secretary: Hydraulic Fracturing is "Essential"
Free Enterprise’s Sean Hackbarth recaps Secretary Sally Jewell’s recent testimony before the Senate Appropriations Committee during which she stated that hydraulic fracturing is an “essential technology” that “can be done safely and responsibly.”
Posted May 9, 2013
Blogger Mark J. Perry writes about a recent analysis by the Minneapolis Fed that delved into the economic impact of increased shale development in the Bakken area of North Dakota. The report found that counties within 100 miles of the Bakken experienced the next-largest increase in wages and the next-lowest level of unemployment, compared to other counties in the state.
CNBC highlights the surge in natural gas production through hydraulic fracturing in the Marcellus Shale play. The Marcellus "is at the sunrise of this [energy] renaissance. This is going to be just the beginning of an economic juggernaut for the US and Pennsylvania."
Posted May 8, 2013
The Advocate – Our Views: Riches Await in the Gulf
The Baton Rouge, La., paper touts the energy potential in the Gulf of Mexico after Interior Secretary Sally Jewell’s recent visit to an offshore rig there. The editorial backs Jewell’s statement that “maintaining the public’s trust in the safety and environmental performance of oil and gas production is critically important as we continue to tap into the Gulf’s abundant resource potential.”
TribLIVE – How’s the Economy? Looking Up
Washington County, Pa., leads the greater Pittsburgh region in terms of economic development projects, energy production and job creation – thanks to natural gas development and hydraulic fracturing.
Posted May 7, 2013
In a guest column, Brigham McCown argues the benefits of the Keystone XL pipeline would extend beyond jobs and energy security to safety. According to government statistics, pipelines are the safest way to transport energy supplies, writes McCown.
U.S. News and World Report – Lawmakers: Natural Gas Exports Could Erode Political Might of U.S. Adversaries
U.S. News recaps today’s House Subcommittee on Energy and Power hearing, which focused on legislation that would expedite U.S. natural gas exports. Supporters say shipping natural gas to allies could strengthen diplomatic ties, undermine political leverage of adversaries, while also shaving the U.S. trade deficit and creating jobs.
Posted May 6, 2013
Wall Street Journal – A Tale of Two Oil States
The Journal’s editorial highlights oil-and-natural gas booming Texas and California – where oil output is down 21 percent since 2001. The difference between the two energy-rich states? “Texas loves being an oil-producing state while California is embarrassed by it.”
Christian Science Monitor – Drive to Make Energy Cleaner Has Stalled, Shale Could Help
“As we see from places like Texas and Oklahoma, where wind supplies up to 30% of all generation, shale gas and renewables can work together to build a low carbon future,” writes guest blogger Nick Grealy.
Posted May 2, 2013
The Atlantic – How Oil Made Working-Class North Dakota a Whole Lot Richer
In North Dakota’s Bakken Shale formation, Americans have been able to find high-paying work in the oil and natural gas industry as the state’s employment number grew by more than 35 percent from 2007 to 2011. But another part of this American success story is that jobs and paychecks have surged across industries – including technical services, transport, construction and food services.
Reuters Canada – TransCanada to Build $900 Million Alberta Oil Pipeline, Terminal
Keystone XL opponents claim that stopping the pipeline will keep Canada’s oil sands in the ground. However, as the U.S. waits for President Obama to decide on the Keystone XL Canada is moving forward with plans to move its growing crude oil supplies – and ship them elsewhere.