Posted August 9, 2013
IHS CERA’s new environmental assessment of the Keystone XL pipeline and pipeline-related oil sands development sends a pretty clear message to President Obama as he decides whether to approve the full project’s construction: There’s not a climate rationale for rejecting the pipeline – and along with it, tens of thousands of U.S. jobs, economic uplift and greater energy security.
While the IHS report no doubt will have little effect on pipeline opponents – less than 15 percent of Americans in this recent survey – it should get the attention of the president, who has said the Keystone XL should be built only if it would serve the national interest and not “significantly exacerbate the problem of carbon pollution.”
Posted August 8, 2013
President Obama spent some of his time with Jay Leno on Tuesday night talking about infrastructure jobs and creating opportunity for U.S. workers:
“Middle-class families are still struggling to make sure they can pay for their kids’ college education, they’re still concerned about whether they can retire, and what Washington should be thinking about every single day is how do we make sure we’ve got an economy where, if folks work hard, they find a good job that pays a decent wage, they can send their kids to college, they’ve got health care they can count on, they’re retiring even if they don’t get rich, and we’re creating these ladders of opportunities for people to get into the middle class.”
Posted August 8, 2013
EIA – Today in Energy – Oil and Natural Gas Industry Employment Growing Faster than Private Sector
The U.S. Energy Information Administration reports that from the start of 2007 through the end of 2012, oil and natural gas employment increased 40 percent (more than 162,000 jobs) – compared to 1 percent growth in the total U.S. private sector over the same period.
Posted August 2, 2013
In a guest editorial, Southern Methodist University’s Bernard Weinstein argues for U.S. natural gas exports. Weinstein notes a study that found that "boosting exports would decrease the U.S. trade deficit by between $11 billion and $27 billion each year… and that continued development of domestic shale gas resources could create 1.7 million jobs in the United States by 2020."
Centre Daily News – Illinois College Offering Courses on Oil and Natural Gas
Southeastern Illinois College will begin offering two new oil and natural gas programs in January 2014. This comes after Gov. Pat Quinn signed legislation allowing hydraulic fracturing in the state last month.
Posted August 1, 2013
For the second year in a row, U.S. set a record increase for crude oil production in 2011 – rising 15 percent to the highest level since 1985. Natural gas production was also up 10 percent. Shale developing states led the increase.
AIE Ideas Carpe Diem Blog – Shale Revolution: U.S. Was the World’s No. 1 Petroleum Producer in April for the Sixth Straight Month
America’s shale revolution continues to perform – for the sixth month in a row America: a) took the top spot as the No. 1 petroleum producer in the world, and b) produced more petroleum than the combined output of all of the countries in Europe, Central America, and South America.
Posted July 31, 2013
Oil and Gas Journal – Study: U.S. Unconventional Plays Will Help Reduce Imports from Abroad
According to a new Wood Mackenzie study, unconventional oil and natural gas plays will continue to drive US and Canadian production for years. The Bakken and Eagle Ford shale plays are expected to account for more than half of anticipated North America tight oil production volumes of more than 5 million barrels per day by 2019.
CNN Money – Ford to Offer F-150 That Runs on Natural Gas
Ford’s best-selling truck is set to roll out of factories in 2014 with a new option: the pickup can run on liquefied natural gas. The lower cost of natural gas – about the equivalent of $2.11 per gallon of gasoline – means that “customers will be able to save money within 24 to 36 months of ownership, even though they will have to pay nearly $10,000 more for the option.”
Posted July 30, 2013
Hot Air notes that if President Obama is serious about infrastructure improvement and creating middle class jobs, he should look no further than approval of the Keystone XL pipeline.
Forbes – George P. Mitchell: A Visionary Life
Contributor David Blackmon reflects on the “Father of Shale” George Mitchell, who recently passed away at the age of 94. Mitchell is widely credited for the innovations in horizontal drilling and hydraulic fracturing that have led to the U.S. shale revolution.
Posted July 29, 2013
Boston Herald – End Ethanol Madness
In an editorial, the Boston Herald notes recent hearings by the House Energy and Commerce Committee on the Renewable Fuel Standard. The paper argues that the “mandate should be ended.”
Dallas Business Journal – Dallas Firm Uses Solar to Power West Texas Oil Rigs
A sign of a true “all-of-the-above” energy policy, one Dallas energy firm is using a solar generator to power oil and natural gas rigs in West Texas. The system has batteries which can store up to 24 hours worth of power.
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 23, 2013
AEI Ideas, Carpe Diem Blog – North Dakota Sees Highest Level of Income Mobility in the U.S. Thanks to Bakken Shale
Blogger Mark J. Perry notes another benefit of shale development in the Bakken: income mobility. Perry connects economic opportunity in the Bakken region with a new study showing a significant geographic correlation between a child’s chances of rising from the the bottom quintile by family income to the top income quintile.
Reuters – The Oil Boom's Foreign Policy Dividend
The domestic benefits of the surge in U.S. oil production are well documented, writes Reuters, but the geopolitical benefits are “less well appreciated.” Beginning in 2012, production in the U.S. and Canada grew by nearly 1.3 million barrels per day – outpacing global demand growth. “These developments were critical in allowing the United States to implement new, tougher sanctions in early 2012 that drove year-over-year Iranian crude exports down by nearly 15 percent in the first quarter alone.”