Posted April 19, 2013
Although some say exporting U.S. natural gas would increase domestic prices, a Deloitte analysis says “the impact domestically is small in terms of upward price movement, and the impact (of exports) on the economy is very large… So exporting should be a good idea.”
Wall Street Journal – Rise in U.S. Gas production fuels Unexpected Plunge in Emissions
Last year, the paper reports, 30 percent of power in the U.S. came from natural gas, up from 19 percent in 2005, driven by hydraulic fracturing and horizontal drilling that have unlocked large and inexpensive new supplies of the fuel. This increase in natural gas production has helped drop U.S. CO2 emissions to their lowest level since 1994.
Posted April 18, 2013
A "consensus has concluded that EPA fuel standards are sorely at odds with the interests of fuel and food consumers in the United States,” writes contributor Robert Bradley. “The direct economic cost of implementing and enforcing these fuel standards far outweighs the questionable benefits."
The Washington Post – Keystone XL Opposition Wanes Among Nebraska Landowners
With the Keystone XL debate set to head back to Nebraska today, the Post reports that folks in the state “largely support the pipeline project.”
Posted April 17, 2013
Washington Times – Is It Time to End Ethanol Vehicle Fuel mandates?
Steve Goreham recaps the pros and cons in the ethanol, Renewable Fuel Standard debate.
Press Connects – Guest Viewpoint: NY Can’t Afford to Pass on Natural Gas
In a guest piece, New York resident Bob Tiberio writes that affordable energy “is the lifeblood of our economy and lowers the cost of almost everything we make and use. It drives economic growth and gives the United States a competitive edge in global markets. For most Americans, a high “quality of life” begins with low cost energy, which increasingly means natural gas from shale.”
Posted April 16, 2013
LA Times – EPA: U.S. Greenhouse Gases Drop
The newspaper highlights the latest good news from the EPA: Increased use of natural gas, much of it developed with hydraulic fracturing, has helped the United States lower its greenhouse gas emissions 1.6 percent from 2010 to 2011 and nearly 7 percent since 2005.
Alberta Premier Alison Redford’s op-ed argues that Canada is “the safest, most secure and responsible energy supplier to the United States and a reliable trading partner.” This comes after her recent visit to the U.S. advocating approval of the Keystone XL pipeline project. Approving the pipeline “is the choice of reason,” she writes.
Posted April 15, 2013
The Hill – Energy Taxes Are No Budget Solution
Steve Forbes writes on The Hill’s Congress Blog that higher taxes on the oil and natural gas industry would cost jobs, lower energy production and actually reduce revenue to government over time. He cites a study showing that “a new tax on the industry would sacrifice 170,000 direct and indirect energy jobs by 2014.”
Houston Chronicle – It’s Wrong to Penalize the Oil and Natural Gas Industry
“Singling out our oil and natural gas industry for taxation penalizes producers,” writes the newspaper. “Bad guys? You mean the folks who employ our neighbors in good-paying jobs, contribute mightily to our tax base, civic life and sports and cultural/arts scenes? We don't think so.”
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 Times – Exports 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.”
Posted April 10, 2013
AEI Ideas – Economic Fact of the Day
According to new Bureau of Labor Statistics data, Midland, Texas, has the lowest metro jobless rate in the U.S. at 3.2 percent. What’s different about Midland, asks blogger Mark J. Perry. The town is in the heart of the Permian Basin oil field’s surging shale production – thanks to hydraulic fracturing.
Associated Press – Energy Secretary Nominee Backs Natural Gas ‘Revolution’
The AP recaps the nomination hearing for Ernest Moniz. During the hearing, Moniz noted the “stunning increase in domestic natural gas production” that has led to “reduced carbon emissions and a dramatic expansion of manufacturing and job creation.”
Posted April 9, 2013
Collaborating with Chevron’s Energy Solutions, the City of Patterson is working to improve the city’s sustainability, including solar installations and energy efficiency programs that will reduce costs for consumers.
Wall Street Journal – India Is Ready for U.S. Natural Gas
There is “significant potential for U.S. exports of LNG to grow exponentially,” writes Nirapama Rao, India’s ambassador to the U.S. “The prospect of increased Indian investment in the U.S. natural-gas market will usher in a new era for a strong and mutually rewarding India-U.S. energy partnership.” (subscription publication)
Posted April 8, 2013
Posted April 5, 2013
EIA Today in Energy – Energy-related Carbon Dioxide Emissions Declined in 2012
Thanks to the increase in domestic natural gas production through hydraulic fracturing, U.S. carbon emissions from energy-related sources reached the lowest level in a decade. Emissions have declined every year since 2007, with the exception of 2010.
PE Magazine reports on the dramatic growth in individuals pursuing petroleum engineering degrees thanks to the shale revolution in their April edition. Since 1993, the number of petroleum engineering degrees has increased five times and master’s degrees have more than doubled.