The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

american-energy  hydraulic-fracturing  pipelines  technology 

Mary Leshper

Mary Schaper
Posted October 15, 2013

Daniel Yergin: Out of ’73 Embargo ‘the Birth of the Modern Era of Energy’

Wall Street Journal: Forty years ago, on Oct. 17, 1973, the world experienced its first "oil shock" as Arab exporters declared an embargo on shipments to Western countries. The OPEC embargo was prompted by America's military support for Israel, which was repelling a coordinated surprise attack by Arab countries that had begun on Oct. 6, the sacred Jewish holiday of Yom Kippur.

 

With prices quadrupling in the next few months, the oil crisis set off an upheaval in global politics and the world economy. It also challenged America's position in the world, polarized its politics at home and shook the country's confidence.

 

Yet the crisis meant even more because it was the birth of the modern era of energy. Although the OPEC embargo seemed to provide proof that the world was running short of oil resources, the move by Arab exporters did the opposite: It provided massive incentive to develop new oil fields outside of the Middle East—what became known as "non-OPEC," led by drilling in the North Sea and Alaska.

 

Read more: http://on.wsj.com/18iHMi7

Read More

hurricanes  pipelines  refinery 

Mark Green

Mark Green
Posted June 3, 2013

Fox Business News reports that because of surging shale energy development, overall oil production in the U.S. has become less susceptible to disruption from Gulf of Mexico hurricanes – even as the hurricane season officially opened over the weekend. Fox:

The U.S. is less dependent on production in the federal Gulf of Mexico, where hurricanes are more likely to cause disruptions. In 1997, 26% of the nation’s natural gas was produced there. By 2012, the Gulf of Mexico’s share fell to 6%. Oil production has also made a big shift to inland basins, thanks to booming shale plays in North Dakota and Texas.  The Gulf’s share of crude oil production in the U.S. narrowed to 19% last year from 26% in 2007 to 2011.Therefore, the impact of hurricanes on oil and natural gas production has been lessened by the shale oil boom taking place further inland.

Read More

pipelines  common-ground-alliance  81134 

Mark Green

Mark Green
Posted October 8, 2012

The Common Ground Alliance is about digging safety – getting folks to call 811 before they did to prevent accidents with buried utilities, including gas lines.

Read More