The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

american-energy  fracking  economy  jobs  gasoline-prices  lng-exports 

Mary Leshper

Mary Schaper
Posted October 28, 2014

Real Clear Politics: Few policy objectives over the last half-century have proven as tantalizing for presidents as the call to achieve energy independence.

In 1973 -- as a gasoline shortage consumed the nation -- President Richard Nixon outlined Project Independence 1980, “a series of plans and goals set to insure that by the end of this decade, Americans will not have to rely on any source of energy beyond our own.” Gerald Ford, in his 1975 State of the Union address, called for “a massive program” to ease demand and increase supply “to achieve the independence we want by 1985.” Jimmy Carter, more modestly, aimed for the United States to cut its dependence on foreign oil by half by the end of the 1980s.

Ronald Reagan, George H.W. Bush, Bill Clinton, George W. Bush, and Barack Obama all set similar goals at different points in their presidential campaigns or presidencies. Typically, their political opponents did too. Little serious progress toward those goals was achieved during most of their terms in office.

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economy  jobs  american-energy  fracking  exports 

Mary Leshper

Mary Schaper
Posted October 27, 2014

Rigzone: The economic benefits to the United States from the energy industry have more than doubled in just the past ten years, even after accounting for inflation, according to a new study by The Perryman Group. The growth in the industry is worth about $1.2 trillion in gross product each year, the study noted, adding that the growth in the oil and gas industry since the economic recession has been “dramatic.” In fact, since the start of the economic recovery, the energy industry has contributed about 30 percent of the total job growth for the nation, Dr. Ray Perryman, president and CEO of The Perryman Group, said.

While it is generally recognized that a thriving oil and gas sector helps to create new jobs within and outside of the energy sector, it is less well-recognized just how important the industry is to overall employment. However, the study shows just how large a role the energy industry plays in the number of new jobs in the country.

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

Mary Leshper

Mary Schaper
Posted October 24, 2014

Friends of U.S. Chamber of Commerce Blog: American free enterprise can achieve almost anything. But, only if we allow it to work properly (this requires a nimble regulatory environment and a streamlined permitting process). One stark example of this gone wrong is the increasingly evergreen example of the Keystone XL pipeline, a project that is projected to create 42,000 new jobs and generate 4 billion in economic activity. So far, we've waited 6 years for a response on the permit request.

Studies have been conducted. Talking heads and scientists have hashed out all the pros and cons. And despite broad affirmation and support, the American people are stuck waiting for Washington to act. Six years is a disgrace; bigger things can be done in far less time.

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economy  energy-security  jobs  american-energy  global-markets  exports  fracking 

Mary Leshper

Mary Schaper
Posted October 23, 2014

Bloomberg: U.S. companies will export more energy than they import by 2025 as shale oil and gas production keeps climbing and the transportation sector becomes more efficient, Wood Mackenzie Ltd. said in a note today.

Horizontal drilling and hydraulic fracturing in hydrocarbon-rich layers of shale rock have boosted U.S. oil and gas production by 42 percent in the past seven years. The U.S. vehicle fleet will become 40 percent more energy-efficient by 2030, said James Brick, a senior analyst at the Edinburgh-based research firm.

“A country can achieve energy independence through two channels,” Brick said in the note. “It can either produce more or consume less, and the U.S. is doing both.”

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Mary Leshper

Mary Schaper
Posted October 22, 2014

The Hill: Energy-producing states have been able to bounce back faster and more successfully from the 2009 recession than states that import a majority of their energy, according to new research from a group aligned with Republicans.

The American Action Forum found energy-producing states that have been able to leverage the U.S. energy boom have double the rate of income growth of energy importers.

The report also found states that are energy producers have more than double the rate of job growth than states importing energy.

North Dakota, Pennsylvania and Texas are among the states that were able to bounce back quickly given their energy production.

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

Mary Leshper

Mary Schaper
Posted October 21, 2014

Forbes (Robert Bradley Jr.): The environmentalist campaign to block the Keystone XL pipeline has run out of gas.

 

Canada’s largest energy firm, TransCanada, has announced plans to create an alternative to KXL that lies entirely within Canada’s borders – a pipeline that would transport crude from Alberta’s oil sands to our northern neighbor’s east coast.

 

Known as Energy East, the new project presents clear proof that, even without a U.S. pipeline, the Canadian oil sands will continue to be developed. By blocking KXL, the fourth and final leg of a 2,151-mile transnational project, green activists are simply denying Americans the project’s wide-ranging benefits. The U.S. State Department counts42,000 new jobs, plus the opening of a new way to get oil from Montana and North Dakota to Gulf Coast refineries.

 

If the Obama Administration doesn’t approve the 800,000 barrels/day, Alberta–U.S. Gulf Coast pipeline soon, an historic opportunity to improve the American economy and strengthen our country’s energy infrastructure will be squandered.

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energy-security  environment  jobs  exports  prices 

Mary Leshper

Mary Schaper
Posted October 20, 2014

Shale Boom Helping American Consumers as Never Before

Bloomberg: Oil traders might see the 27 percent slide in global prices as a bear market. For U.S. consumers, it’s more like an early holiday gift.

shale energy

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economy  environment  energy-efficiency  jobs  fracking 

Mary Leshper

Mary Schaper
Posted October 16, 2014

More Precise, Efficient Drilling Makes U.S. World’s Largest Petroleum Producer

 

AEI Carpe Diem Blog: The Department of Energy (EIA) video above explains how the steadily increasing productivity of oil and natural gas wells in the US — thanks to the increasing precision and efficiency of horizontal drilling and hydraulic fracturing — is increasing US oil and gas production. The shale revolution has increased domestic energy production so much in recent years that the US is now the world’s largest producer of petroleum products and natural gas combined.


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economy  jobs  american-energy  rfs34  exports  fracking 

Mary Leshper

Mary Schaper
Posted October 15, 2014

The State Journal (West Virginia): The U.S. Energy Information Administration's Drilling Productivity Report, released Oct. 14, revealed that the Marcellus Shale play is anticipated to produce more gas than other reported regions in November.

 

The Marcellus region is expected to produce 16,045 million cubic feet of gas per day in November 2014, reflecting a 217 mcf/day increase from October, making it both the highest-producing region among the Utica, Bakken, Eagle Ford, Haynesville, Niobrara and Permian basins.

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economy  jobs  american-energy  crude-oil  exports  colorado  texas 

Mary Leshper

Mary Schaper
Posted October 14, 2014

Huffington Post (Aspen Institute’s Thomas Duesterberg): The largely unanticipated boom in oil production in the last five years has revived a debate over whether the United States should reverse the forty-year old ban on exports of crude oil. Even though we still import around 30 percent of total crude and refined products, the U.S. refinery industry is unable to process much of the new supply of light crude oil produced from domestic light shale formations. In turn, domestic prices for light oil lag the world price and eventually could result in reduced levels of new production. Allowing exports would likely equalize domestic and world prices and also lead to more efficient global processing because many refineries abroad, especially in Europe, can do a better job than their U.S. counterparts. The United States would continue to import heavier grades of crude oil which its refineries are built to process.

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