Energy Tomorrow Blog
Posted June 13, 2013
Wall Street Journal – U.S. Oil Notches Record Growth
In the latest sign that the shale revolution is remaking world energy markets, the WSJ cites BP’s 2012 Statistical Review showing crude production in the U.S. jumped 14 percent last year to 8.9 million barrels a day. (subscription publication).
Pittsburgh Post-Gazette – Pennsylvania to See $202.47 Million in Per-Well Fracking Impact Fees
A new Pennsylvania Public Utility Commission report notes that more than $200 million from hydraulic fracturing impact fees will be distributed to local governments across the state. Bradford County in the state's northeast will collect the most at $7.3 million while Washington is second at $4.7 million. Lycoming and Tioga counties follow with $4.4 million each.
Posted May 2, 2013
The Atlantic – How Oil Made Working-Class North Dakota a Whole Lot Richer
In North Dakota’s Bakken Shale formation, Americans have been able to find high-paying work in the oil and natural gas industry as the state’s employment number grew by more than 35 percent from 2007 to 2011. But another part of this American success story is that jobs and paychecks have surged across industries – including technical services, transport, construction and food services.
Reuters Canada – TransCanada to Build $900 Million Alberta Oil Pipeline, Terminal
Keystone XL opponents claim that stopping the pipeline will keep Canada’s oil sands in the ground. However, as the U.S. waits for President Obama to decide on the Keystone XL Canada is moving forward with plans to move its growing crude oil supplies – and ship them elsewhere.
Posted April 4, 2013
Ryan Carlyle, a subsea hydraulics engineer, writes that oil accounts for one-third of humanity’s energy supply, is unrivaled in power generation and is fundamental to lifting billions of people out of poverty. Fun fact: If solar power generation doubled every decade for 100 years, it would still be pretty far behind oil today.
Wall Street Journal – Beware Tax Reform That Raises Taxes on Capital
Of the ongoing congressional debate over tax reform, Margo Thorning writes that “Investment, growth and job creation should be the cornerstones of any tax-reform effort.”
Posted March 7, 2013
America is rich in the oil and natural gas that run our economy and make modern living possible. Industry ingenuity and innovation launched the shale revolution and rewrote the U.S. energy narrative – turning one of scarcity and limited opportunity into one of abundance. Needed are leadership and policies to develop the resources we have, generating transformative job creation and economic growth in the process.ConocoPhillips Chairman and CEO Ryan Lance talked about these points in a speech at the IHS CERAWeek conference in Houston, focusing on the relationship between the oil and natural gas industry and government – probably the most pivotal relationship in terms of U.S. energy development.
Posted January 4, 2013
Here’s the crux of an unreleased (but leaked) New York Department of Environmental Conservation report that weighs the public health impact of natural gas development through hydraulic fracturing:
“…significant adverse impacts on human health are not expected from routine (fracking) operations. When spills or accidents occur, the department has identified numerous additional mitigation measures, including emergency-response planning, setbacks and buffers, so that significant exposures to people and resources on which they rely are unlikely."
Shorter version: Fracking can be done safely in New York.
Posted October 29, 2012
Posted September 26, 2012
Posted April 13, 2012
Posted April 2, 2012
Posted March 1, 2012