The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

energy-security  economy  jobs  policies  keystone-xl  alaska  fracking 

Mary Leshper

Mary Schaper
Posted January 23, 2015

Forbes (Loren Steffy): President Obama didn’t say much about energy in his State of the Union speech Tuesday. Last year, he focused on energy issues more, and devoted much of the energy portions of his speech to natural gas.

This year, he acknowledged rising U.S. oil production and the benefits of cheap energy that have come with it, and then he made a backhanded reference to the Keystone XL pipeline.

In calling on both parties to support the infrastructure projects such as “modern ports, strong bridges, faster trains and faster internet,” he then encouraged lawmakers to pass a bipartisan infrastructure plan by saying: “So let’s set our sights higher than a single oil pipeline.”

Certainly, the Keystone pipeline has become a far greater political punching bag than a meaningful piece of infrastructure. Environmentalists have greatly exaggerated its role in climate change, and Republicans in Congress are now determined to push through legislation supporting it almost out of spite for the administration’s foot-dragging on a decision.

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american-energy  economy  energy-security  jobs  fracking  state-of-the-union  state-of-american-energy 

Mary Leshper

Mary Schaper
Posted January 21, 2015

The eight states at the heart of the American shale oil revolution all grew faster than the U.S. national average over the last decade, according to the U.S. Bureau of Economic Analysis (BEA), underscoring the importance of oil production to the U.S. economy.

Gross domestic product (GDP) attributable to private industry grew at a compound annual rate (CAGR) of 1.8 percent between 2002 and 2013 for the nation as a whole, after allowing for inflation.

But for the eight states at the centre of the shale oil revolution, all of which have increased their production by at least 20,000 barrels per day since 2008, private sector GDP growth has been much faster.

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american-energy  global-markets  price-of-oil  jobs  economy  keystone-xl-pipeline  fracking  north-carolina  exports 

Mary Leshper

Mary Schaper
Posted January 14, 2015

Even with oil prices continuing to plummet and oil companies decommissioning drilling rigs every day, the Energy Department on Tuesday projected that domestic crude production would continue to rise in 2015, although growth would slow.

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american-energy  taxes  exports  jobs  economy  manufacturing  fracking  lng-exports  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted January 13, 2015

Forbes (Mark P. Mills): It was predictable. Oil gets cheap and now there’s a contingent in Congress looking to slap a new tax onto gasoline. What’s surprising is that there are some conservatives in both Congress and the pundictocracy also receptive to the notion, including the estimable Charles Krauthammer. It’s a terrible idea. Instead of raising taxes, the Congress should be focused on helping the industry that created the oil glut, and that nearly single-handedly sustained the U.S. economy through the recovery from the Great Recession: America’s shale producers who are now subject to nearly unprecedented foreign market manipulation.

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keystone-xl-pipeline  oil-sands  economy  energy-security  environment  jobs  trade  lng-exports 

Mary Leshper

Mary Schaper
Posted January 9, 2015

The Hill: The Nebraska Supreme Court on Friday struck down a lower court's challenge to the controversial Keystone XL pipeline, handing a key victory to proponents of the project. The decision overturns a lower court's ruling that had sided with landowners challenging Keystone's path through Nebraska. The lower court said a 2012 law that allowed Nebraska Gov. Dave Heineman (R) to greenlight the route was against the state's constitution.

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economy  jobs  trade  fracking  keystone-xl-pipeline  affordable-energy 

Mary Leshper

Mary Schaper
Posted January 8, 2015

Wall Street Journal: Justin Friend ’s parents have doctoral degrees and have worked as university lecturers and researchers. So Mr. Friend might have been expected to head for a university after graduating from high school in Bryan, Texas, five years ago. Instead, he attended Texas State Technical College in Waco, and received a two-year degree in welding. In 2013, his first full year as a welder, his income was about $130,000, more than triple the average annual wages for welders in the U.S. In 2014, Mr. Friend’s income rose to about $140,000.

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fracking  heating-oil  jobs  manufacturing  keystone-xl-pipeline  american-energy 

Mary Leshper

Mary Schaper
Posted January 6, 2015

Cleveland.com: Cold January weather has arrived, but rates for natural gas have fallen. Both Dominion East Ohio and Columbia Gas of Ohio are posting standard rates that are lower than those in December and lower than year-ago January prices. These standard rates change monthly because they are linked to the monthly gas commodity contracts traded on the New York Mercantile Exchange.

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energy  regulations  fracking  jobs  exports  regulatory-system  economy  taxes 

Mary Leshper

Mary Schaper
Posted January 5, 2015

NPR: President Obama’s chief custodian of federal lands says local and regional bans on fracking are taking regulation of oil and gas recovery in the wrong direction. “I would say that is the wrong way to go,” Interior Secretary Sally Jewell told KQED in an exclusive interview. “I think it’s going to be very difficult for industry to figure out what the rules are if different counties have different rules.” In November, two California counties added themselves to a growing list of local bans on hydraulic fracturing. Voters approved measures in San Benito and Mendocino Counties by wide margins. “There are a lot of fears out there in the general public and that manifests itself with local laws or regional laws,” Jewell said.

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american-energy  global-energy  global-markets  economy  fracking  new-york  jobs  keystone-xl-pipeline  regulations 

Mary Leshper

Mary Schaper
Posted December 22, 2014

Wall Street Journal: In early October, Saudi Arabia’s representative to OPEC surprised attendees at a New York seminar by revealing his government was content to let global energy prices slide. Nasser al-Dossary ’s message broke from decades of Saudi orthodoxy that sought to keep prices high by limiting global oil production, said people familiar with the session. That set the stage for Saudi Arabia’s oil mandarins to send crude prices tumbling late last month after persuading other members of the Organization of the Petroleum Exporting Countries to keep production steady.

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fracking  hydraulic-fracturing  new-york  economy  jobs 

Mary Leshper

Mary Schaper
Posted December 19, 2014

Editorial pages and columnists weigh in on Gov. Andrew Cuomo’s decision to ban hydraulic fracturing in New York:

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