The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

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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fracking  economy  jobs  environment  new-york  new-york-moratorium 

Mary Leshper

Mary Schaper
Posted December 18, 2014

Yesterday, New York Gov. Cuomo’s administration issued a statewide ban on fracking, a move that denies New Yorkers – especially landowners in the Southern Tier –benefits associated with the drilling method that’s driving America’s energy revolution.

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

Mary Leshper

Mary Schaper
Posted December 17, 2014

San Antonio Express-News: Gasoline prices are low, U.S. oil production is growing and OPEC is widening discounts for oil. Congratulations America, this is what energy security looks like. Every U.S. president since Richard Nixon has called for energy security by either producing more, using less or switching fuel sources. Over the past 20 years, we’ve done all three, while encouraging an international market where no single actor can monopolize supply. “The thing about energy security is that you don’t want bad people overseas to be able to hurt you by suddenly changing the oil market,” said Eugene Gholz, an associate professor at the University of Texas’ LBJ School of Public Affairs. “You are secure if you are protected from shocks in supply, especially from politically induced shocks.”

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economy  jobs  american-energy  fracking  lng-exports  exports 

Mary Leshper

Mary Schaper
Posted December 16, 2014

EIA Today in Energy: The average U.S. household is expected to spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years. Lower fuel expenditures are attributable to a combination of falling retail gasoline prices and more fuel-efficient cars and trucks that reduce the number of gallons used to travel a given distance. Household gasoline costs are forecast to average $1,962 next year, assuming that EIA's price forecast, which is highly uncertain, is realized. Should the forecast be realized, motor fuel expenditures (gasoline and motor oil) in 2015 would be below $2,000 for the first time since 2009, according to EIA's December 2014 Short-Term Energy Outlook(STEO).

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economy  jobs  american-energy  fracking  lng-exports  exports 

Mary Leshper

Mary Schaper
Posted December 15, 2014

Penn Live (Raymond Keating): At this weekend's annual Pennsylvania Society Holiday Dinner in New York City, I suspect energy policy will be a frequent topic of discussion — as it should rightfully be. From Benjamin Franklin's first experiments with electricity in Philadelphia to the energy revolution taking place in the Marcellus Shale natural gas play, the Keystone State has led the way in developing resources to the benefit of all Pennsylvanians and the entire nation.

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Mary Leshper

Mary Schaper
Posted December 12, 2014

Pittsburgh Business Times: It's no secret that the shale energy boom is having an impact on the manufacturing sector, but according to a report released Thursday by PwC US, that impact may be bigger than expected.

As a result of the surge in shale gas production, the firm increased its forecast on cost savings and long-term employment gains in domestic manufacturing. According to the report, PwC estimates the "shale effect" could bring an annual cost savings of $22.3 billion by 2030, assuming a high natural gas recovery and low price scenario.

In terms of job creation, PwC estimates continued shale activity will create 930,000 shale gas driven manufacturing jobs by 2030 and 1.41 million by 2040. 

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Mary Leshper

Mary Schaper
Posted December 11, 2014

Breaking Energy: The EPA has long promoted cellulosic ethanol as the future of biofuels, but technical challenges have kept production far below targets. A recent rule change allows RNG, renewable natural gas, to qualify as cellulosic biofuel even though RNG is not cellulosic, but this helps EPA appear to be meeting their goals.

 

RNG growth has been dramatic and is the lowest carbon vehicle fuel available today. Perhaps the EPA should be promoting a Renewable Gas Standard instead of a Renewable Fuel Standard.

 

In 2013, production of cellulosic ethanol was effectively zero, even though the legislated target volume for 2013 was 1 billion gallons. In August 2013, EPA reduced the target to 6 million gallons, and again reduced the target retroactively to 810,185 gallons, less than 1 million. By all accounts this represents a complete failure of the cellulosic ethanol program. In July 2014 the EPA revised the cellulosic biofuel rules to allow RNG to be categorized as cellulosic.

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american-energy  economy  growth  jobs  fracking  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted December 10, 2014

Reuters: A surge of oil and gas production will drive the U.S. economy 1 percent higher in 2040 than it would have otherwise grown, and energy exports will only stoke the expansion, an independent study on energy policy concluded on Tuesday.

New drilling technologies such as 'fracking' have unlocked an abundance of fossil fuels from shale deposits and the bounty will both jolt the economy and increase tax receipts, according to the study from the Congressional Budget Office.

Officials estimate "real (inflation-adjusted) GDP product will be about two-thirds of 1 percent higher in 2020 and about 1 percent higher in 2040 than it would have been without the development of shale resources," the report finds.

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technology  innovation  fracking  methane  emissions  jobs 

Mary Leshper

Mary Schaper
Posted December 9, 2014

The Hill: Methane leaks from natural gas drilling and production have fallen from the last estimate more than a year ago, according to a study sponsored by the industry and an environmental group.

 

Leaks of methane, the main component of natural gas, now represent 0.38 percent of production volumes, according to the study released Tuesday.

That is 10 percent lower than what the same University of Texas research team found in September 2013. Methane is a greenhouse has about 20 times more potent than carbon dioxide.

“Study after study shows that industry-led efforts to reduce emissions through investments in new technologies and equipment are paying off,” Howard Feldman, director of regulatory and scientific affairs at the American Petroleum Institute, said in a statement.

 

“This latest study shows that methane emissions are a fraction of estimates from just a few years ago,” he said.

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economy  jobs  ethanol  e1534  renewable-fuel-standard  fracking  crude-oil  exports 

Mary Leshper

Mary Schaper
Posted December 8, 2014

Chicago Tribune Editorial: Last summer the Chicago City Council briefly considered an ordinance that would require gas stations in the city to sell a blend of fuel called E15, which has the potential to damage your car engine.

An E15 mandate is a patently bad idea. Changing pumps to sell a fuel blend of 15 percent ethanol — what you buy now has 10 percent — would be a big expense for gas stations. And E15 isn't safe for use in many older engines, from cars to trucks to boats to lawn mowers.

The idea seemed to die last summer. You might think the aldermen decided to put their constituents before the ethanol industry lobbyists who are pushing this fuel mandate. If you did, chalk that up to a triumph of hope over experience. This is, after all, the Chicago City Council.

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