Energy Today - May 31, 2013
Posted May 31, 2013
MSN Money – Why Pittsburgh is Becoming a Boomtown
Thanks to its proximity to the Marcellus Shale formation, Pittsburgh is seeing economic and population growth, reports MSN. Pittsburgh's gross domestic product has increased by roughly $10 billion in the past five years as it transitions from manufacturing dependence to a more multifaceted economy.
The post by Myron Brilliant makes the case for free trade and its benefits -- points that are key in the current debate over liquefied natural gas exports.
Video: There are more than 15 billion barrels of oil in California’s Monterey Shale, reports Bloomberg. Also worth noting: the federal government leases 180,000 energy-producing acres in the state – generating nearly $1.5 billion each year, of which the government receives about one-eighth or $200 million.
Real Clear Energy – Thanks to Natural Gas, Manufacturing Fueling America’s Recovery
In a guest post, the American Fuel and Petrochemical Manufacturers’ Charles Drevna highlights gains in U.S. manufacturing thanks to increased hydraulic fracturing and natural gas development: “Advances in shale development have changed the picture. Today, supplies of oil, natural gas and natural gas liquid (NGL) from shale, once thought unobtainable, have led to record-breaking volumes of fuel and raw materials that will rewrite our future.”
In an RC commentary, Raymond J. Keating highlights developments in the past decade that “illustrate how natural gas has become a game changer in the U.S.” Increased production has been good news for the energy sector in terms of jobs and business growth, he writes. Nowhere has this change been more noticeable than in the energy sector’s small businesses.
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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