Energy Tomorrow Blog
Posted August 4, 2014
USA Today: The U.S. energy industry is booming. As new technologies make oil easier and more affordable to extract, the United States is poised to become the world's leading oil producer as soon as 2015, according to a 2013 study by the International Energy Agency. At the same time, proven oil reserves — the estimated quantities of oil that can be extracted under existing conditions — have also risen. In 2012, the U.S. had more than 30.5 billion barrels of proven oil reserves, up 15% from the year before.
Ten states accounted for nearly 80% of the U.S. proven oil reserves as of the end of 2012. Texas was the state with the most proven reserves, totaling more than 9.6 billion barrels of oil, or close to a third of all U.S. reserves. Based on the U.S. Energy Information Agency (EIA) data on proved oil reserves, these are the most oil-rich states in the country.
Unsurprisingly, the states with the highest totals of proven reserves are also among the states producing most oil. Of the 10 most oil-rich states, all but one were also among the states with the most production activity as of 2013. Together, these 10 states accounted for more than 2 billion of the 2.7 billion barrels of oil produced last year. Offshore drilling, not attributable to any state, accounted for much of the production not coming from these states.
Posted July 8, 2014
The Keystone XL Pipeline has been studied, and studied, and studied, in fact if the permit application were a person, it would have just graduated kindergarten. However, after nearly six years of studies which show positive benefits to our economy and energy security with no significant environmental impacts – politics are still trumping good policy.
The Final Environmental Impact Statement released by the State Department earlier this year found the project would deliver 830,000 barrels of oil per day from Canada and the U.S. Bakken region to U.S. refineries, create 42,100 jobs during its construction phase and provide $3.4 billion in additional revenue to U.S. GDP.
Posted July 1, 2014
The Christian Science Monitor: Although North Dakota, Texas, and the Gulf of Mexico are known for producing much of the US's oil, other states are becoming bigger producers. Alaska and California are two states that are gaining footing in the oil industry.
The US has succeeded in lifting its oil production to over 8 million barrels per day, the highest levels in decades. But where exactly is all that oil coming from?
The answer for the last several years has been the Bakken field in North Dakota and the Eagle Ford in Texas. Those two regions are principally responsible for the surge in oil production.
But in April 2014, North Dakota surpassed the 1 million barrel per day mark – a milestone for a state that was producing fewer than 200,000 barrels per day just five years ago.
Posted June 26, 2014
Washington Post: Even Democrats who prefer to develop alternate energy sources before expanding the use of fossil fuels say they want the Keystone XL pipeline built.
The new Pew "Political Typology" report shows huge majorities of all four Democratic-leaning groups support the development of wind, solar and hydrogen alternatives to oil, coal and natural gas. But of those same four groups, the Keystone XL pipeline is still overwhelmingly popular in three of them.
Among "hard-pressed skeptics," "next generation left" and "faith and family left," support for Keystone is two-to-one. So even as a group like the "next generation left" group supports alternate energy over fossil fuels 83-11, it still backs Keystone 62-28.
Posted June 25, 2014
Coloradoan: Loveland voters on Tuesday struck down a proposed moratorium on hydraulic fracturing, a controversial oil and gas extraction process that has been restricted in several cities along Colorado’s Front Range.
More than 20,000 ballots were cast, but ultimately the moratorium failed by about 900 votes, said city spokesman Tom Hacker. Results came in just after 10 p.m., making the Loveland election one of the last Colorado races to be decided Tuesday .
“Fortunately that means the Loveland citizens have spoken and that common sense prevailed,” said BJ Nikkel, director of the Loveland Energy Action Project, a group that campaigned against the moratorium.
Posted June 25, 2014
A year ago President Obama clarified his position on the Keystone XL pipeline, saying that for him to approve the project it would need to meet two tests – that KXL would be in the national interest and would not “significantly exacerbate the problem of carbon pollution.”
The second point first. The environmental test has been passed – five times, in fact. The U.S. State Department’s fifth environmental assessment – which examined the Keystone XL’s construction, operation and the impact of increased oil sands development as a result of the pipeline – concluded that the project would have no effect on oil sands production and no significant effect on the environment.
Posted June 24, 2014
Posted June 19, 2014
Bloomberg: North Dakota, which yesterday became just the fourth state to record oil production above 1 million barrels a day, could see even stronger growth over the summer as improved weather makes life easier for drilling crews.
Output increased to 1,001,149 barrels a day in April, the state’s Department of Mineral Resources reported yesterday. Texas, California and Alaska have crossed the million-barrel mark. Only Texas remains above the state, at almost 3 million barrels a day.
April oilfield work was hampered by heavy rain that shut roads and strong winds that closed down operations. Crews completed 200 wells during the month, and another 600 are already drilled and just waiting on hydraulic fracturing, or fracking. Better weather in the summer months should allow more new wells to start gushing oil.
Posted June 17, 2014
Bloomberg: North America’s dominance of global exports of refined fuels will expand to unprecedented levels by 2019 as the shale revolution makes U.S. refineries more competitive, the International Energy Agency said.
The continent will become a “titan of unprecedented proportions” and its oil refineries will export about 3.5 million barrels a day by the end of the decade, the Paris-based adviser to 29 oil-consuming nations said in a report today. North America’s imports of crude will be 2.6 million.
“Less than ten years ago, the United States was the world’s largest importer of refined products,” the IEA said in its Medium-Term Oil Market Report, which forecasts energy-market trends. “Today it has become the world’s largest liquids producer, ahead of Saudi Arabia and Russia, as well as its largest product exporter.”
Posted June 16, 2014
This week the Senate’s Energy and Natural Resources Committee is scheduled to vote on bipartisan legislation that would advance the long-delayed Keystone XL pipeline – a $5.3 billion, privately financed infrastructure project that the U.S. State Department says would generate more than 42,000 jobs during its construction phase while contributing more than $3 billion to our economy.
Congress is acting because the administration has not – not in more than five years of review by the administration, during which the project has cleared five environmental reviews by the State Department. Congressional leadership on Keystone XL is about the administration’s lack of clear leadership on the Keystone XL.
As the vote approaches, API President and CEO Jack Gerard and Sean McGarvey, president of the Building and Construction Trades Department of the AFL-CIO, talked about the pipeline during a conference call. Both pointed to developments in Iraq and the ongoing standoff between Ukraine and Russia as reminders of how important it is for the United States to secure its energy future – and the significance of the Keystone XL in that equation.