The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

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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american-energy  gasoline  price  fracking  keystone-xl 

Mary Leshper

Mary Schaper
Posted January 12, 2015

Bloomberg: Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps last week, the lowest level for this time of year since 2009, according to Lundberg Survey Inc. Prices dropped 26.92 cents in the three-week period to Jan. 9 and are $1.14 a gallon below year-ago levels, according to the survey, which is based on information obtained at about 2,500 filling stations by the Camarillo, California-based company.

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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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energy-policy  energy-101  trade  economy  imports  lng-exports  keystone-xl-pipeline  soae 

Mary Leshper

Mary Schaper
Posted January 7, 2015

Wall Street Journal: The U.S. trade gap narrowed in November to its lowest level in nearly a year, reflecting gyrations in the oil market that mask strong underlying domestic demand for foreign goods. The trade deficit fell 7.7% to a seasonally adjusted $39 billion in November from the prior month’s deficit of $42.25 billion, the Commerce Department said Wednesday. The reading marks the smallest deficit since December 2013. October’s deficit was revised from an initially reported $43.43 billion. The narrower trade gap could support fourth-quarter economic growth. Barclays lifted it forecast fourth-quarter gross domestic product forecast to a 3.5% gain from a 2.7% advance following the trade report. Credit Suisse moved its estimate to a 3.2% advance from 2.9%.

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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  economy  exports  crude-oil  imports  fracking 

Mary Leshper

Mary Schaper
Posted December 23, 2014

Dallas Business Journal: So far this year, the U.S. has imported 369.8 million barrels of crude oil, according to the Energy Information Administration. Sure, that sounds like a lot, especially in light of the shale boom renaissance that has swept the country. Until you look at the past few years. For the same period in 2010, the U.S. imported 456.1 million barrels of crude, according to the EIA. So, in four years, oil imports have declined 19 percent and will likely continue to decrease in future years.

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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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