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.
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 April 3, 2013
BBC’s Laura Trevelyan reports on the divide between New York State and Pennsylvania in the hydraulic fracturing debate. Must watch at 2:19: a fourth generation New York landowner talks about the benefits of fracking – and the consequences of not lifting the moratorium.
Free Enterprise – Abundant U.S. Energy Attracts Foreign Companies
Abundant U.S. energy, courtesy of hydraulic fracturing tapping shale oil and natural gas deposits, is attracting manufacturers from Europe and South America, Sean Hackbarth reports. This will translate into jobs and a “much more competitive U.S.”
Posted April 2, 2013
In December, for the first time in 40 years, China passed the U.S. as the world’s leading oil importer. And in that same month, North Dakota, Ohio and Pennsylvania – all leading shale development states – produced more barrels of oil a day than Iran exported. NBC News has more on the shifting global impact of American energy.
New York Daily News – Cookin’ with Gas
“In places like Williamsport, fracking has proven to be an economic powerhouse. But not in New York – a state with an 8.4% unemployment rate and well below-par job creation … Cuomo's dithering on fracking is stalling a game-changer for New York's economy.”