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Energy Tomorrow Blog

Growing U.S. Energy Revolution Keeps Exceeding Expectations

shale drilling  production  efficiency  investment  growth 

Dean Foreman

Dean Foreman
Posted June 12, 2019

The U.S. energy revolution continues to surge ahead – but you might not know it from some recent headlines: “The Shale Boom Is About To Go Bust” (Oil Price.com); “Oil Wells Aren’t Producing as Much as Forecast” (Wall Street Journal); “U.S. Oil Production Is Headed For A Quick Decline” (Oil Price.com)

Actually, domestic natural gas and oil production continues to expand. See API’s most recent Monthly Statistical Report. For some of the same reasons economists are so bad at predicting recessions, sometimes analysts may struggle to accurately project where U.S. energy is heading. After all, the shale revolution’s prospects have been underestimated since it launched.


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EPA's Ethanol Proposal and More Reasons for Energy Optimism

ethanol  renewable fuel standard  epa proposal  oil sands  shale drilling 

Mark Green

Mark Green
Posted November 18, 2013

Big Ethanol Finally Loses

Wall Street Journal (editorial): It's not often that the ethanol lobby suffers a policy setback in Washington, but it got its head handed to it Friday. The Environmental Protection Agency announced that for the first time it is lowering the federal mandate that dictates how much ethanol must be blended into the nation's gasoline. It's about time. It's been about time from the moment the ethanol mandate came to life in the 1970s.

The 16% reduction is a modest pullback, which EPA says will hold ethanol blends in gasoline at the standard 10% (E10). But we hope this is a precedent-setting victory. After 35 years of exaggerations about the benefits of renewable fuels, the industry has lost credibility.

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