Energy Today June 10 2013
Posted June 10, 2013
Wall Street Journal – Fracturing in California
In an editorial, WSJ comments on a bipartisan vote in the state assembly to defeat a ban on hydraulic fracturing: "...about one-third of the active wells now use this innovative drilling process... A moratorium would throw thousands of Californians out of work."
EIA Today in Energy – Shale Oil and Natural Gas Resources Are Globally Abundant
A new EIA report shows that shale resources in the United States and worldwide represent 10 percent of the world's crude oil and 32 percent of the world's technically recoverable natural gas resources.
Pittsburgh Post-Gazette – The Way Forward on Shale
Carnegie Mellon University President Jared Cohon writes on the economic gains for Western Pennsylvania from the development of shale. “Banning fracking would impose on Western Pennsylvania, and the country, an unacceptably high environmental burden.”
NY Daily News – Please, Frack Beneath My Farm
In a guest post, an organic farmer from New York argues the benefits of leasing her land for natural gas development. She notes that natural gas extraction and agriculture are compatible. “My husband and I love our land as only farmers can. We also have a gas lease — and would welcome a natural gas well on our farm if New York State would only permit it.”
ExxonMobil Perspectives – Stop the Presses! Big Oil Pays the Biggest Taxes
Ken P. Cohen notes a New York Times study on tax rates across industries: The big energy firms paid the most taxes in absolute terms: Exxon $146 billion; Chevron $85 billion; and ConocoPhillips $58 billion. Oil and natural gas companies also paid among the highest effective tax rates.
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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