Posted March 12, 2014
In a post last week we discussed the way the Ukrainian crisis is focusing a number of U.S. leaders on the potential foreign policy impacts of surging U.S. energy production. With its vast natural gas reserves, the U.S. could be a leader in the global market for liquefied natural gas (LNG), if we took the steps to make that happen – starting with government approval of permits to build LNG export terminals.
Unfortunately, that process is slow. Although the Energy Department has approved six applications since 2011, more than 20 still are pending. And the U.S. isn’t the only country eyeing the global LNG market. More than 60 non-U.S. LNG export projects are planned or under construction. In a number of ways, it’s a race to the rewards stemming from natural gas abundance.
Posted February 28, 2014
U.S. Will Meet Energy Needs by 2020, Citi Researcher Says
Forbes: By the end of this decade, the United States will produce all the energy it needs, the head of commodities research for Citigroup said in Chicago Thursday.
Edward L. Morse, managing director and global head of commodities for Citi, said the gas and oil boom will combine with improved efficiency to make the U.S. a net-zero importer of energy by 2020.
“I think that the chances are close to 100 percent that the U.S. will be supplying 100 percent of its energy requirements for power generation and transportation,” Morse told about 100 people at a Fairmont Hotel gathering sponsored by The Chicago Council on Global Affairs.
Posted October 1, 2013
Jobs, U.S. energy security and regulation are leading the discussion at the North American Gas Forum (NAGF) this week in Washington. The NAGF is a gathering of regional natural gas industry members -- primarily focused on issues that affect the distribution and use of natural gas domestically and globally. Highlights from the two-day meeting:
- Because of vast shale reserves, the U.S. has a chance to be more secure in the future through safe, reliable supplies of North American energy.
ICF International's Kevin Petak predicted the Marcellus Shale Play will become a "juggernaut," producing more than 20 million cubic feet of natural gas per day by 2035. The U.S. Energy Information Administration's Howard Gruenspecht said U.S. natural gas production is expected to outpace domestic consumption and that the U.S. could become a net exporter by 2040.
Posted September 27, 2013
Fracking is Helping U.S. Produce More of Its Own Energy
Fact Tank: Though many Americans apparently don’t realize it, the U.S. is producing considerably more of its own energy. Last year the U.S. generated a record 79.1 quadrillion Btu (British thermal units) domestically, nearly 14% more energy than in 2005, largely due to increased production of oil and natural gas.
And with the ongoing boom in “unconventional” oil and gas production, the nation is on track to produce even more energy this year.
Read more: http://bit.ly/175nsA7
Posted July 26, 2013
Richmond Times-Dispatch – White House Would Tax Away Virginia’s Energy Future
Policy that enables the oil and natural gas industry to produce more would have a far greater impact on state and federal coffers than would any partisan policy that hinders the industry with higher taxes, notes Jack Refuse in a guest opinion piece.
Posted July 25, 2013
Des Moines Register – Iowa Will Have to Import Corn
With increased ethanol obligations and growing livestock operations needing more feed, Iowa – the nation’s “king of corn production” – will have to import kernels to keep up with demand, an analyst tells the newspaper.
Master Resource - Frac Bounty: All Should Participate
Blogger Paul Driessen highlights the benefits of U.S. shale development – game-changing technologies that have led to job creation and economic boosts across the country. Driessen got a first-hand look at hydraulic fracturing drilling in northern Pennsylvania noting the “signs of pride and prosperity were evident all over Williamsport.” Driessen: We need to frack for a better, cleaner, happier world!”
Posted July 8, 2013
Reason - The Top Five Lies About Fracking
Science writer Ronald Bailey highlights five falsehoods about hydraulic fracturing, from flaming faucets to water contamination. “Over 500,000 gas wells are currently operating in the United States,” Bailey writes. “Most of them manage to avoid blowing up houses, poisoning drinking water, making it hard to breathe, causing cancer...”
Fuel Fix Blog – Oil to Flow Through Keystone XL’s Southern Leg This Year
While the northern leg of the pipeline is going on five years waiting on approval from the Obama administration, the southern portion of the project is nearing completion. By the end of the year, the pipeline is expected to carry up to 700,000 barrels of oil per day from Cushing, Okla., to the coast of Texas.
Posted July 1, 2013
Energy Outlook - President's Climate Plan Hinges on Natural Gas
President Obama's plan for addressing U.S. greenhouse gas emissions depends heavily on expanded hydraulic fracturing of domestic shale gas resources, writes Geoffrey Styles.
News and Sentinel.com – Educational Program Focuses on Oil and Natural Gas Jobs
In an effort to train more workers for the surging shale industry, Ohio’s Washington State Community College hosted an informational session on opportunities for students and workers with an emphasis on filling new positions locally.
Posted June 18, 2013
Chicago Tribune – Illinois Governor Signs Bill to Regulate Fracking
Illinois is one step closer to hydraulic fracturing after bipartisan legislation regulating the process was signed into law by Gov. Pat Quinn. Lawmakers say they hope the new regulations will encourage the oil and natural gas industry to invest in Illinois, helping to create jobs.
Fuel Fix Blog – Colleges Plan Training for Gas Drilling Jobs
Two colleges in southern Illinois are getting a jumpstart on possible oil and natural gas development in the state. Southeastern Illinois College and Rend Lake College are planning to provide training programs focused on safety and other areas related to energy development.
Posted June 14, 2013
Fuel Fix Blog – Report: Renewables, Natural Gas Should Work Together On the Grid
According to a new report by the Texas Clean Energy Coalition, natural gas and renewables “have a strong complimentary relationship” that is beneficial for providing the energy Americans need every day.
Today in Energy – U.S. Crude Oil Production Could Reach 10M Barrels Per Day By 2040
EIA projects that thanks in large part to increased tight oil production – shale development – domestic production could continue to expand to 10 million barrels per day or higher by 2040.