The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

american-energy  economy  jobs  energy-security  fracking 

Mary Leshper

Mary Schaper
Posted April 18, 2014

Oil production and natural gas production from the six prominent shale basins in the United States should increase in May, a U.S. drilling report said. The U.S. Energy Information Administration issued a monthly drilling report for the six shale basins -- Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara and Permian -- that together account for almost 90 percent of the growth in U.S. oil production and nearly all of the gains in natural gas.

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fracking  hydraulic-fracturing  imports  economy  jobs  energy-security 

Mary Leshper

Mary Schaper
Posted April 17, 2014

Fuelfix Blog: In this photo essay, AP photographer Brennan Linsley looks inside a walled-off fracking facility, one of many sites reversing decades of declining oil production in the state.

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american-energy  economy  jobs  energy-security  infrastructure 

Mark Green

Mark Green
Posted April 17, 2014

New national polling finds strong support among U.S. registered voters for more domestic oil and natural gas production and more investment in energy infrastructure – with significant majorities connecting increased energy infrastructure (such as new pipelines, storage facilities and other energy-related projects) with job creation, strengthening U.S. energy security and helping American consumers.

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trade  energy-security  american-energy  economy  ohio  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted April 14, 2014

The Hill (Rep. Pete Olson): The Great Recession that began at the end of this last decade has lingered like few others in recent history. Job growth has been sluggish, and unemployment numbers have ticked up only marginally, making this a painfully slow recovery. This is true in almost all sectors—except for energy. There, job growth has been nothing short of explosive. American innovation has allowed us to tap into energy resources previously off-limits and unreachable, creating jobs across the country.

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american-energy  energy-security  fracking  exports  lng34 

Mary Leshper

Mary Schaper
Posted April 9, 2014

Wall Street Journal: The global energy equation has changed dramatically in recent years, thanks in large part to the impact of the shale-gas revolution. To get a handle on how the expectations of huge gas exports may shape the geopolitical future, The Wall Street Journal's John Bussey talked to Daniel Yergin, author and Vice Chairman of IHS Inc. Edited excerpts of their conversation follow.

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american-energy  fracking  jobs  economy  energy-security  keystone-xl-pipeline  exports 

Mary Leshper

Mary Schaper
Posted April 8, 2014

San Antonio Express-News: The oil and gas boom brought about by new drilling technology is drawing people to shale plays like iron filings to magnets.New census data show a population surge as the oil boom draws workers and families to oil fields around the country. Some of the nation's fastest-growing communities include Midland and Odessa in the Permian Basin and three cities near North Dakota's Bakken Shale field: Williston, Dickinson and Minot. The rapid increase in drilling in the Eagle Ford Shale has spilled into San Antonio.

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energy-security  american-energy  imports  fracking  jobs  economy 

Mary Leshper

Mary Schaper
Posted April 2, 2014

Total U.S. net imports of energy, measured in terms of energy content, declined in 2013 to their lowest level in more than two decades. Growth in the production of oil and natural gas displaced imports and supported increased petroleum product exports, driving most of the decline. A large drop in energy imports together with a smaller increase in energy exports led to a 19% decrease in net energy imports from 2012 to 2013.

Total energy imports declined faster—down 9% from 2012 to 2013—than in the previous year, while export growth slowed. Crude oil production grew 15%, about the same pace as in 2012, which led imports of crude oil to decrease by 12%, accounting for much of the overall decline in imports.

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economy  fracking  lng-exports  jobs  keystone-xl-pipeline  energy-security 

Mary Leshper

Mary Schaper
Posted April 1, 2014

With Europe’s dependence on Russian gas impeding diplomatic efforts, it’s time to reconsider outdated policies that are keeping the U.S. from becoming an energy exporter.

U.S. lawmakers don’t drive around in 1970s-era cars, yet they don’t seem to mind energy policies that are equally out of date. Attempts to export shale oil and gas, for example, have run smack into legal and regulatory barriers as old as a Gran Torino.

Energy companies have been urging Congress to lift the lid on exports and start treating oil and gas again like any other commodity that’s freely traded in world markets. Tapping global demand for U.S. shale oil and gas, they say, will spur domestic production and create even more jobs in a sector that’s already racked up robust employment gains.

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american-energy  energy-security  economy  jobs  fracking  texas  oklahoma  pennsylvania 

Mary Leshper

Mary Schaper
Posted March 31, 2014

Over the past few years, the U.S. has witnessed a dramatic turnaround in its energy situation. Thanks largely to a combination of horizontal drilling and hydraulic fracturing, or "fracking," energy producers have been able to tap vast oil and gas deposits buried in deep shale formations. As a result, domestic oil and gas production has surged to multi-decade highs.

This energy boom has yielded tremendous and widespread economic benefits to the United States. A statement from the White House Council of Economic Advisors last year summed it up nicely: "Every barrel of oil or cubic foot of gas that we produce at home instead of importing abroad means more jobs, faster growth, and a lower trade deficit." Let's take a closer look at some of the main ways the energy boom has helped the nation's economy.

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economy  energy-efficiency  jobs  fracking  energy-security  exports  lng34 

Mary Leshper

Mary Schaper
Posted March 21, 2014

To Americans used to thinking of energy in terms of the Middle East, the names of the world's top producers of natural gas might come as a surprise.

 

No. 1 is the United States. No. 2 is Russia. Together they stand as the giants of gas production. What separates them is that the U.S. consumes its gas, while Russia has become the world's largest exporter — a key reason why President Vladimir Putin felt confident that he could seize Crimea from Ukraine and get away with it. Russia supplies 30% of Europe's gas needs, making it hard for European leaders to muster the resolve to resist.

 

The good news is that the West can turn the tables on Putin, freeing Europe from its dependency and in the process making Russia pay dearly. That can't be done fast enough to neuter the current crisis, nor will it come cheaply. But if Putin believes his actions will drive Europe toward energy independence, he'll have to think twice. Deprived of its biggest market, Russia's fragile, energy-based economy would erode, along with its power and Putin's stratospheric popularity.

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