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.
Posted April 4, 2013
Ryan Carlyle, a subsea hydraulics engineer, writes that oil accounts for one-third of humanity’s energy supply, is unrivaled in power generation and is fundamental to lifting billions of people out of poverty. Fun fact: If solar power generation doubled every decade for 100 years, it would still be pretty far behind oil today.
Wall Street Journal – Beware Tax Reform That Raises Taxes on Capital
Of the ongoing congressional debate over tax reform, Margo Thorning writes that “Investment, growth and job creation should be the cornerstones of any tax-reform effort.”
Posted March 7, 2013
America is rich in the oil and natural gas that run our economy and make modern living possible. Industry ingenuity and innovation launched the shale revolution and rewrote the U.S. energy narrative – turning one of scarcity and limited opportunity into one of abundance. Needed are leadership and policies to develop the resources we have, generating transformative job creation and economic growth in the process.ConocoPhillips Chairman and CEO Ryan Lance talked about these points in a speech at the IHS CERAWeek conference in Houston, focusing on the relationship between the oil and natural gas industry and government – probably the most pivotal relationship in terms of U.S. energy development.
Posted January 9, 2013
The U.S. Energy Information Administration’s Short-Term Energy Outlook released this week contains two important crude oil stats:
- U.S. domestic production is expected to continue growing rapidly over the next two years, from an average of 6.4 million barrels per day (bbl/d) last year to 7.3 million bbl/d in 2013 and 7.9 million bbl/d in 2014. Much of the production growth will come from drilling in tight plays in the Williston (North Dakota and Montana), Western Gulf and Permian basins (Texas).
- U.S. liquid fuel imports, including crude oil, are expected to decline to an average of 6 million bbl/d by 2014. EIA says the net import share will average 32 percent in 2014 “because of continued substantial increases in domestic crude oil production.”
Posted January 4, 2013
Here’s the crux of an unreleased (but leaked) New York Department of Environmental Conservation report that weighs the public health impact of natural gas development through hydraulic fracturing:
“…significant adverse impacts on human health are not expected from routine (fracking) operations. When spills or accidents occur, the department has identified numerous additional mitigation measures, including emergency-response planning, setbacks and buffers, so that significant exposures to people and resources on which they rely are unlikely."
Shorter version: Fracking can be done safely in New York.
Posted December 12, 2012
Later this week EPA is expected to finalize standards for particulate matter 2.5. EPA could and should retain the existing standard. During a conference call with reporters API’s Howard Feldman, director of regulatory and scientific affairs, outlined the reasons:
- Certain costs and doubtful benefits
- Efficacy of the current standard
- Questionable scientific foundation for a new standard
- Poor coordination with other regulatory initiatives
Posted December 10, 2012
Posted October 29, 2012
Posted October 17, 2012
Posted October 2, 2012