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.”
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Forbes – The Texas Shale Oil & Gas Revolution
Eagle Ford Shale is “a blessing for Texas and Texans” writes Forbes contributor David Blackmon – highlighting the fact that the Lone Star state produces 30 percent of U.S. natural gas and roughly 30 percent of U.S. oil.
New York Times – A Model for Reducing Emissions
Columnist Eduardo Porter explains how the United States is a “model for reducing carbon emissions” – with a significant role being played by increased natural gas development and use. He points out that the U.S. had perhaps the biggest emissions decline among industrial countries since 2007.