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Energy Tomorrow Blog

Americans Reaping the Benefits of America’s Energy Surge This Holiday Season

american energy  Energy Security  jobs  fracking  hydraulic fracturing  lng exports  keystone xl pipeline  regulations 

Mary Leshper

Mary Schaper
Posted December 20, 2013

Merry Christmas, Texas, From Your Oil and Gas Industry

Forbes: “Texas has recovered 100 percent of the jobs lost during the recession and added 597,000 beyond the previous peak in August 2008.”   – Texas State Comptroller Susan Combs

On Thursday, December 12, the Texas Comptroller’s Office released a report detailing the current state of the state’s budget.  The report was titled “Tracking the Texas Economy – Key Texas Economic Indicators”.  But given the content of the report, a better title might have been:

“Merry Christmas, Texas, From Your Oil and Natural Gas Industry”

According to the Comptroller, the state ended its 2012-2013 biennium with a surplus of more than $2.6 billion, almost three times the previously projected amount of $964 million.  The reason why?  Because the Texas oil and natural gas industry’s tax payments were more than $2 billion more than anticipated.

Read more: http://onforb.es/1i8lWU5

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With American Energy, Giving is Always in Season

american energy  carbon emissions  Environment  pennsylvania  hydraulic fracturing  new york  lng exports 

Mary Leshper

Mary Schaper
Posted December 17, 2013

U.S. Energy Outlook: More Oil, More Natural Gas, Less Carbon. Yay America!

Forbes: The federal government’s Energy Information Administration is out today with an early version of its Annual Energy Outlook for 2014. Their headline finding: that the United States will continue to grow less dependent on foreign oil as the miracle of our tight oil boom adds to supply and more efficient vehicles reduce demand. Yay America!

By their reckoning, domestic crude oil production will continue its surge, adding another 800,000 barrels per day in 2014 and about the same in 2015. By 2016 we should reach 9.5 million barrels per day, approaching the historical high of 9.6 million bpd back in 1970.

The boom won’t last forever, and will level off around 2020. But when domestic oil supplies do start slipping, we won’t feel it too much at first, because our vehicles will be using a lot less fuel.

Read more: http://onforb.es/1gEiWP8

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American Energy: From Scarcity to Abundance

american energy  trade  deficit  jobs  Economy  hydraulic fracturing  fracking  regulations  lng exports 

Mary Leshper

Mary Schaper
Posted December 4, 2013

A Pivotal Moment in U.S. Energy History

Global Energy Initiative (Jason Bordoff):  We are at a transformational moment in energy history. Just a few years ago, all energy projections forecast increased imports, increased scarcity, and increased natural gas prices. Today, we’ve shifted from scarcity to abundance. U.S. oil production has increased by 2.5 million barrels per day (B/D) since 2010. This year, the United States overtook Saudi Arabia as the largest producer of liquid fuels (including crude oil, natural gas, and biofuels) in the world. U.S. oil imports are at their lowest level in 25 years and are projected to continue declining. The natural gas outlook is even more striking. New geological surveys and production data continue to surprise to the upside. And multi-billion-dollar terminals proposed not long ago to import natural gas are being flipped to export instead.

This transformation is not only a U.S. story. New technologies mean that what were once challenging sources of oil and gas can now be tapped economically from the oil sands in Canada (and potentially Venezuela), the ultra-deepwater “presalt” off the coast of Brazil, and many other parts of the world. Iraq, parts of Africa, and elsewhere are poised for sharp increases in production.

Read more: http://bit.ly/1gk7ms9

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America’s Natural Gas Opportunities

lng exports  jobs  Economy  hydraulic fracturing  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted November 21, 2013

The Strange Debate over LNG Exports

UPI Analysis:  WASHINGTON, Nov. 21 -- The debate over exports of U.S. liquefied natural gas is exceedingly strange. In Washington one sometimes hears calls to limit imports of given goods or services but limits on exports?

When U.S. President Barack Obama talked of doubling U.S. exports in five years in his 2010 State of the Union Address, some said this was an unrealistic objective but nobody said it wasn't a worthy goal, particularly to support the United States' economic recovery.

Since Adam Smith, of course, economists have understood that restrictions on imports or exports reduce overall national welfare. But the politics of imports and exports are different.

The costs of allowing imports are generally borne by identifiable firms and their workers but the benefits of imports are typically widely dispersed and thus effectively invisible.

Exports have an opposite dynamic. Increased export sales directly benefit identifiable firms and their workers. Any costs are typically spread thinly and invisibly over the whole economy.
 
Read more: http://bit.ly/1h5umeF

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America's Natural Gas, America's LNG Export Opportunity

lng exports  natural gas benefits  job creation  trade  regulation 

Mark Green

Mark Green
Posted November 14, 2013

Earlier this year an ICF International study found that exporting U.S. liquefied natural gas (LNG) would have dramatic national impacts on jobs, economic growth and revenue generation for government.  Now a second ICF study shows what the impact of LNG exports would look like on a state-by-state basis. They’re huge:

  • LNG exports could contribute as much as $10 billion to $31 billion per state to the economies of natural gas-producing states such as Texas, Louisiana and Pennsylvania by 2035.
  • Producing states could see employment gains as high as 60,000 to 155,000 jobs in 2035.
  • Non-producing states also will benefit, partly because of the demand for steel, cement, equipment and other goods used in natural gas development. ICF said states including Ohio, California, New York and Illinois will see gains to their economies as high as $2.6 billion to $5 billion per state in 2035.
  • In terms of jobs, large manufacturing states like California and Ohio will see gains of 30,000 to 38,000 in 2035, ICF says.

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U.S. Energy Abundance Marks Path to Security, Prosperity

fracking  job creation  lng exports  ethanol 

Mark Green

Mark Green
Posted November 14, 2013

Congratulations America. You’re (Almost) Energy Independent

Politico Magazine (Daniel Yergin): For four decades, whenever the American political debate turned to energy, the discussion was all about shortage and scarcity, a reality that haunted the United States ever since the global oil crises of the 1970s.

That conversation is over.

And now the unconventional energy revolution—newly accessible supplies of shale gas and oil—is creating a new discourse on energy that is changing politics and policies. All of this represents what Energy Secretary Ernest Moniz calls a “new mentality” about America’s energy position, with a new political language to match.

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Exports, Energy and Jobs: Yes. Yes. Yes.

liquefied natural gas  lng exports  job creation  economic growth 

Mark Green

Mark Green
Posted November 8, 2013

When President Obama talks about creating jobs, growing the economy, expanding exports of U.S. goods and strengthening the middle class, as he did Friday in New Orleans, most Americans are with him. And so is the oil and natural gas industry. As he said in April, creating jobs and opportunity for Americans should be our “true North.”

The president used Friday’s speech to make the case that needed improvements to the nation’s infrastructure – roads, bridges, ports and more – is a path to increased prosperity.

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Surge in Oil and Natural Gas Production Means More Opportunities for U.S. Energy

hydraulic fracturing  lng exports  greenhouse gas emission reduction  ethanol  renewable fuel standard 

Mary Leshper

Mary Schaper
Posted November 5, 2013

America’s Resurgence in Manufacturing Starts in the Shale Fields

Forbes: Our economy is straining at the bit to grow out of the Great Recession. You wouldn’t know that from the dreary news on both the jobs and GDP growth front. The good news is found in the incredible potential for high-paying jobs, growth and wealth creation bubbling up in America’s manufacturing sector.

Manufacturing is hot, even though we’re supposed to be in a post-industrial economy. The transformation in American manufacturing today is redolent of a century ago when innovation and growth in the industrial landscape was blossoming in both big companies and start-ups…

The dramatic growth in U.S. oil and gas production has not arisen from new discoveries or the opening of off-limits federal lands, but from new technologies and techniques that literally manufacture liquid and gaseous hydrocarbons from solid shale rock. Widely reported as “fracking” – hydraulic fracturing – the story is in fact one of deep industrial innovation, digital technologies and software. In other words, it is a secular shift in the industrial landscape.

Read more: http://onforb.es/1hgVN6i

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Shale Development in Perspective: Economic Benefits, Jobs, Increased Energy Security

Economy  jobs  Energy Security  hydraulic fracturing  engineers  lng exports 

Mary Leshper

Mary Schaper
Posted October 23, 2013

Marcellus Shale Gas Growing Faster than Expected

Wall Street Journal: PITTSBURGH — Natural gas production from the Marcellus Shale region is growing faster than expected, according to a new federal report issued Tuesday.

Marcellus production has now reached 12 billion cubic feet a day, the Energy Information Administration report found. That's the energy equivalent of about 2 million barrels of oil a day, and more than six times the 2009 production rate.

For perspective, if the Marcellus Shale region were a country, its natural gas production would rank eighth in the world. The Marcellus now produces more natural gas than Saudi Arabia, and that glut has led to wholesale prices here that are about one-quarter of those in Japan, for example.
 
Read more: http://on.wsj.com/1cedUYl

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More Hydraulic Fracturing Means a More Secure America

hydraulic fracturing  Energy Security  american energy  lng exports 

Mary Leshper

Mary Schaper
Posted October 17, 2013

U.S. is the World’s Largest Producer of Natural Gas – Here’s What That Means  

NPR: Natural gas production in the U.S. is going through the roof. The U.S. now produces more natural gas than any country on Earth, according to a recent report from the U.S. Energy Information Administration.

This is largely due to fracking, the controversial method for using pressurized fluids to break up rocks to get at the natural gas below. Over the past few years, fracking has had a huge effect on energy in America. Here's how.

Read more: http://n.pr/H6tGpA

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