The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

fracking  natural-gas  refineries  oil34 

Mary Leshper

Mary Schaper
Posted April 10, 2013

AEI IdeasEconomic 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 PressEnergy 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.”

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ozone  refineries  regulation 

Mark Green

Mark Green
Posted April 5, 2013

Reasons why the oil and natural gas industry talks about a regulatory “tsunami” coming down from EPA:

  • A newly proposed Tier 3 rule to further lower sulfur content in gasoline – that would have “very small” additional environmental benefit, according to a recent study. At the same time, it could increase the manufacturing cost of gasoline by up to 9 cents per gallon. (More on Tier 3 below.)
  • Increases in the federal ethanol mandate under the Renewable Fuel Standard – which could add to the manufacturing cost of gasoline by about 30 percent by 2015, according to a study by NERA Economic Consulting. (Posts on that here, here, here and here.)
  • A potential vapor pressure reduction requirement that could increase refinery costs.
  • An expected Refinery Sector Rule, new ozone requirements and greenhouse gas controls for refineries.

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