Energy Today – May 14, 2013
Posted May 14, 2013
Energy Biz – Shale Gas Shifting Global Energy Map
The global development of shale gas has the potential to boost worldwide natural gas supplies and help reduce market costs, writes Siemens Financial Services President Kirk Edelman. “For the U.S., the shale gas boom is still perhaps only a potential game changer, however, if realized, the economic benefits will be significant.”
Breaking Energy – The Science Behind the Keystone XL Pipeline Decision
Breaking Energy recaps the congressional Energy and Environmental Subcommittees’ joint hearing on the Keystone XL pipeline last week. Rep. Chris Stewart noted that Keystone XL has been under review for more than four years, which is how long it took to fight World War II, build most of the transcontinental railroad and the typical length of a college education.
Wall Street Journal – IEA: North American Oil to Dominate World Supply Growth
North American oil production will dominate world-wide supply growth over the next five years, the International Energy Agency predicted Tuesday, the result of growing production from hydraulic fracturing and other technologies that access once-inaccessible shale reserves.
TribLIVE.com – Company Finds Second Calling in Shale Service Industry
Businesses like Twin Pines Manufacturing in Blairsville, Pa., are benefitting from the surge in hydraulic fracturing in the Marcellus Shale region. “We were specializing in plastic and rubber molding equipment for the auto industry. But things slowed down” during the recession, said CEO Bob Kovalchik. “Then we got a few orders from gas companies… now it's our biggest thing — 80 percent of our business is from gas and oil.”
The Globe and Mail – Shale Gas: An Energy Revolution for Your Portfolio
“A surplus of natural gas production will give North American refiners and chemical producers a long-term competitive advantage over their peers worldwide,” according to Steven Wood, managing director at Moody’s. “The shale boom also improves the credit profiles of U.S. electric and gas utilities.”
About The Author
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.
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