The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

natural-gas  oil-taxes  fairness  energy-101  industry  taxes 

Mark Green

Mark Green
Posted May 28, 2013

Neat interactive infographic in this weekend’s New York Times Sunday Review, plotting the corporate income tax rates paid by various U.S. companies from 2007-2012 (according S&P Capital IQ):

NYT Taxes

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access  energy  gasoline  regulation  energy-101  jobs-and-economy  gas-prices  fuel-prices  onshore-oil-production  onshore-gas-production 

Mark Green

Mark Green
Posted May 23, 2013

Gasoline prices have been rising with the approach of the summer driving season – up to about $3.66, according to AAA – pushed there by rising crude oil prices. U.S. consumers need help. And they could get it – if the administration pursued a number of energy policies to put downward pressure on global crude costs, while abandoning other choices that could harm consumers.

API Chief Economist John Felmy’s reporter briefing Thursday focused attention on two paths: one that will increase domestic production of oil and natural gas and one that won’t. Unfortunately, the administration – via proposals to increase energy taxes and a new wave of questionable regulation – looks headed down the wrong path, a recipe for disaster for American energy:

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access  crude-oil  energy-information-administration  oil-supply  energy-101  economy  global-markets 

Mark Green

Mark Green
Posted May 17, 2013

Increasing U.S. domestic production of oil matters. Energy Information Administration (EIA) chief Adam Sieminski had this analysis at an energy conference earlier this week (h/t Breaking Energy):

“There’s a fairly significant, long-standing relationship between spare production capacity in OPEC and what the pricing environment is for oil. So the 2 million barrel per day  increase in U.S. oil production that surprisingly took place over the last five years has resulted in higher OPEC spare capacity, and undoubtedly, has been a factor in why Brent oil prices are $103-$104/bbl rather than $125-$130/bbl.”

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barnett-formation  bakken-shale  natural-gas  energy-101 

Mark Green

Mark Green
Posted April 30, 2013

The U.S. Geological Survey has new estimates for oil and natural gas in the Williston Basin shale area that simply blows the doors off previous estimates:

  • 3.65 billion barrels of undiscovered, technically recoverable oil for the Bakken Formation.
  • 3.73 billion barrels for the Three Forks Formation.
  • The total, 7.38 billion barrels, is a two-fold increase over USGS’ 2008 estimate, which included only the Bakken Formation because Three Forks wasn’t thought to be productive.

The chart below shows how resource estimates have skyrocketed since 2008 and 1995, when the assessment totaled only in the millions of barrels:

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engineers  fracking  hydraulic-fracturing  keystone-xl  natural-gas  energy-101 

Mary Leshper

Mary Schaper
Posted April 26, 2013

CNN MoneyAmerica’s Air is Getting Cleaner and Less Costly

Increased natural gas production in the U.S. will be a huge driver in improving air quality, writes CNN Money in a report about improving air quality in the U.S. Also notable: In 2012, for the first time ever, natural gas generated as much electricity as coal, and with energy production surging, this trend is likely to continue.

Fuel Fix Blog 'Frac Daddy’ to Represent Oil Field Workers in Kentucky Derby Run

Owners Carter Stewart and Ken Schlenker say they named Derby entrant “Frac Daddy” as a nod to their energy industry occupations – and hydraulic fracturing. “[We] consider this horse a tribute to the oilfield workers of America,” Stewart says.

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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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state-of-american-energy  soae-2013  soae  energy-policy  domestic-energy  energy-101 

Mark Green

Mark Green
Posted January 7, 2013

With the 113th Congress about to convene and President Obama preparing to launch his second term, America’s oil and natural gas industry is ready to take a leading role in boosting the nation’s economy – largely through investments stemming from increased development of domestic oil and natural gas.

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