Posted February 10, 2014
How the U.S. Energy Boom is Changing America’s Place in the World
Time: It wasn’t even five years ago that Iran reelected hardliner Mahmoud Ahmadinejad in a disputed presidential election, openly admitted it was building a uranium enrichment facility and brazenly test-fired missiles capable of hitting targets in Israel. Fast-forward to today: A more conciliatory president, Hassan Rouhani, is making historic overtures toward the West and negotiations are showing rare progress toward containing the country’s nuclear program, which has kept the region—and the world—on edge for years.
The difference, according to former Obama administration National Security Advisor Tom Donilon, can be summed up in one word: “fracking.” That’s hydraulic fracturing, the drilling method that’s helped fuel an unprecedented domestic energy boom in the United States.
“There’s a direct line between the U.S.-led sanctions effort to put pressure on Iran” and the flood of oil and gas coming out of the ground at home due to fracking technology, Donilon said Thursday night at an event announcing a new report from the Center for a New American Security, titled “Energy Rush: Shale Production and U.S. National Security.”
Before the North American energy boom—the largest-ever annual increase in domestic oil production took place in 2012—a harsh sanctions regime against Iran looked more like a suicide pact for the oil-import-dependent U.S. Instead, America’s sudden energy abundance dampened the blow of reduced oil exports to the global economy, making truly harsh sanctions on Iran possible.
Read more: http://ti.me/1eKvYKd
Posted February 4, 2014
Free the Keystone XL Pipeline, Mr. President
Los Angeles Times: Welcome to the "year of action." In last week's State of the Union address, the president vowed to do whatever he has to help the economy, even if that means working around Congress: "What I offer tonight is a set of concrete, practical proposals to speed up growth, strengthen the middle class and build new ladders of opportunity into the middle class. Some require congressional action, and I'm eager to work with all of you. But America does not stand still, and neither will I. So wherever and whenever I can take steps without legislation to expand opportunity for more American families, that's what I'm going to do."
The White House has touted the fact the president has a "phone and a pen" and he's not afraid to use them.
The president also vowed to cut red tape, and not for the first time. In 2013's State of the Union, he insisted that "my administration will keep cutting red tape and speeding up new oil and gas permits." And in 2012: "In the next few weeks, I will sign an executive order clearing away the red tape that slows down too many construction projects."
Read more: http://lat.ms/1eRaGFu
Posted January 16, 2014
The U.S. Chamber of Commerce’s Institute for 21st Century Energy laid out a road map for energy policy yesterday. Energy Works for US focuses on nine energy areas including removing barriers to increased domestic oil and natural gas production, modernizing the federal permitting process, regulation reform, and ensuring a competitive workforce.
Chamber CEO Tom Donohue spoke on America’s energy renaissance and opportunities for the future:
“Energy is absolutely essential. We have an opportunity to transform our country from one that is dependent on imports to an energy exporter. The U.S. has such energy reserves; we shouldn’t be reliant on foreign sources.”
Posted January 15, 2014
America’s Energy Boom
Real Clear Politics: WASHINGTON -- For decades, Americans have talked about "energy policy" as if it were the political equivalent of a migraine. The phrase connoted pain -- in ever-rising gas prices, costly government schemes and dependence on imports from precarious Middle East regimes.
But recent developments involving energy production and technology have been so astonishing that they should puncture this long-running pessimism. The amazing fact is that on nearly every front, America's energy prospects have improved in ways that would have been unimaginable just a decade ago.
In the energy marketplace, President Obama's vision of an "all of the above" strategy is actually happening. Production of oil, gas and alternative energy is rising, even as demand begins falling for these energy sources -- all thanks to new technology. The market forces driving these changes are so powerful that even politicians probably can't screw them up.
Read more: http://bit.ly/1b47dCg
Posted January 6, 2014
Fracking 101: Breaking Down the most Important Part of Today’s Oil, Gas Drilling
Greeley Tribune: Fracking, the two- to three-day process of hydraulic fracturing for oil and gas, is perhaps one of the most misunderstood drilling practices, becoming as bad of a word in some circles as a racial slur.
Entire countries have banned the process. Some Colorado towns have placed moratoriums to study it further.
Environmentalists storm capitals over it, demanding increased regulations, and oil and gas company employees and officials scratch their heads — they’ve been using the same process in oil and gas drilling for 60 years without widespread incidents.
“It’s a perplexing issue,” said Collin Richardson, vice president of operations for Mineral Resources Inc., who opened up a company fracking job last fall to a student tour from the University of Northern Colorado. “People go to a light switch and expect energy to be there, but they don’t think about where it comes from. I don’t think most people understand that without hydraulic fracturing, we wouldn’t have natural gas to provide electricity to our homes or gas in our cars.
Read more: http://bit.ly/1gc41Z7
Posted November 7, 2013
Read more: http://on.wkyc.com/1b6PXyW
Posted November 7, 2013
U.S. Energy Information Administration (EIA) chief Adam Sieminski recently gave a presentation at Columbia University on the agency’s new drilling productivity report, and the takeaways are significant: The U.S. is in the midst of a remarkable surge in oil and natural gas production from shale and other tight resources. Higher drilling efficiency and new well productivity are the main drivers of production growth. EIA is confident the United States has ample reserves to sustain production growth for the foreseeable future. Sieminski said U.S. shale reserves, unlocked by hydraulic fracturing and horizontal drilling, are the reason for skyrocketing oil and natural gas production – since 2007 for natural gas, 2009 for oil.
Posted November 4, 2013
The Outsiders Who Saw Our Economic Future
Wall Street Journal: The experts keep getting it wrong. And the oddballs keep getting it right.
Over the past five years of business history, two events have shocked and transformed the nation. In 2007 and 2008, the housing market crumbled and the financial system collapsed, causing trillions of dollars of losses. Around the same time, a few little-known wildcatters began pumping meaningful amounts of oil and gas from U.S. shale formations. A country that once was running out of energy now is on track to become the world's leading producer.
What's most surprising about both events is how few experts saw them coming—and that a group of unlikely outsiders somehow did. Federal Reserve chairmen Alan Greenspan and Ben Bernanke failed to foresee the financial meltdown. Top banking executives were stunned, and leading investors such as Bill Gross, Jim Chanos and George Soros didn't fully anticipate the downturn.
Read more: http://on.wsj.com/172n4PZ
Posted August 23, 2013
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.