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Energy Tomorrow Blog

Made in America: Oil and Natural Gas are Creating Prosperity, Jobs

jobs  Economy  american energy  manufacturing  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted February 14, 2014

How Low-Cost Natural Gas May be Helping to Fuel a Resurgence in U.S. Manufacturing

Fox Business: Inexpensive natural gas may be giving the U.S. a powerful and unique cost advantage that is incentivizing hundreds of companies to manufacture in the United States.

According to research conducted by Boston Consulting Group that was released Thursday, cheap natural gas will have a critical impact on U.S. manufacturing over the next several years that will benefit a wide variety of industries, from feedstock to finished goods.

“We are seeing an impact,” said BCG Senior Partner Hal Sirkin. “We can identify over 200 companies that are part of this manufacturing renaissance, moving jobs back to the United States.”

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A More Secure Energy Future, an Economic Boom & Jobs – Thanks to American Energy

jobs  american energy  Economy  Energy Security  Environment  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted February 13, 2014

Fuel Fix Blog: While the January jobs report was a disappointing for the national economy, it brought good news about growth in oil and gas.

About 206,000 employees worked in the oil and gas extraction sector in January, about 1.8 percent more than in December, according to the Bureau of Labor Statistics. Nationwide, total employment was relatively stagnant at a seasonally adjusted 137.5 million.

The employment story was positive across sectors of the energy industry. Manufacturing of petroleum and coal products had 112,700 employees on payrolls, a 1.6 percent increase from December. The chemicals sector grew by 1.2 percent to 796,100 people.

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What They’ve Said About Keystone XL: Build It!

keystone xl pipeline  american energy  Economy  jobs  Energy Security  Environment  oil sands 

Mark Green

Mark Green
Posted February 13, 2014

What They’ve Said About Keystone XL: Build It!

It’s hard to overstate the broad-based nature of political support for the Keystone XL pipeline, support that stems from the project’s benefits: upwards of 830,000 barrels a day of oil from Canada’s oil sands and the U.S. Bakken region, 42,100 jobsduring the pipeline’s construction phase, strengthened energy security – with the Keystone XL playing an integral role in a broad strategy that could see 100 percent of U.S. liquid fuel needs met domestically and from Canada.

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Growth in American Energy and Our Infrastructure Needs

american energy  infrastructure  jobs  keystone xl pipeline  fracking 

Mary Leshper

Mary Schaper
Posted February 12, 2014

Reuters: Freezing temperatures are hampering U.S. natural gas deliveries this winter despite ample production of the heating fuel, exposing weaknesses in a supply network strained by unprecedented demand.

The United States is home to some of the world's largest natural gas deposits and supplies have flooded the market over the last five years, erasing concerns about dwindling output.

But the coldest winter in decades has drained stockpiles quicker than ever, forced rationing, and pushed prices to all-time highs, revealing the difficulties of storing and transporting fuel across the continent.

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Choosing Right on American Energy

american energy  keystone xl pipeline  Economy  jobs  growth  fracking 

Mary Leshper

Mary Schaper
Posted February 11, 2014

Canada's ambassador to the U.S. isn't sugarcoating the diplomatic weight of the looming White House decision on the Keystone XL pipeline. Gary Doer told the news service Platts that he's optimistic about winning approval, while warning that rejection would be "perceived as being political" and "definitely strain" U.S.-Canadian relations. He argued that the project has met the various U.S. benchmarks, citing the State Department's environmental analysis released Jan. 31. 

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Domestic Energy is Keeping America Prosperous and Competitive

american energy  Energy Security  global markets  exports  jobs  Economy  fracking 

Mary Leshper

Mary Schaper
Posted February 7, 2014

The Shale Factor in U.S. National Security 

Reuters (Dobriansky, Richardson and Warner): The boom in domestic shale oil and gas production has increased U.S. prosperity and economic competitiveness. But the potential for this to enhance our national security remains largely unrealized.

The shale surge has boosted production by 50 percent for oil and 20 percent for gas over the last five years. Yet our political leaders are only just beginning to explore how it can help further national strategic interests.

We led a major study at the Center for a New American Security in the last year, bringing together a nonpartisan panel to examine national security implications of the unconventional energy boom. We decided that outdated idealization of “energy independence” is preventing the administration and Congress from focusing on current energy vulnerabilities and figuring out how Washington should secure our economic and security interests.

Though the United States now imports less oil than it has for more than a dozen years, we should not distance ourselves from international oil markets by pursuing full energy self-sufficiency. The best way to advance energy security is to remain engaged internationally with major energy players.

Read more: http://reut.rs/1iyeOys 

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American Energy is Lowering the Trade Deficit, Boosting Manufacturing, Fueling Innovation

american energy  trade  deficit  keystone xl pipeline  fracking  jobs  Economy 

Mary Leshper

Mary Schaper
Posted February 6, 2014

Trade Gap Shrank in 2013 as U.S. Fuel Exports Climbed

Bloomberg News: The U.S. trade deficit in 2013 was the smallest since 2009, even as it ticked up at year’s end, as rising fuel exports and falling imports propelled the world’s biggest economy further toward energy independence.

The gap narrowed to $471.5 billion last year, the lowest since 2009, from $534.7 billion in 2012, figures from the Commerce Department showed today in Washington. The balance on petroleum products shrank 20.2 percent, also the biggest decline in four years.

Foreign sales went beyond fuel as demand for American-produced foods, capital equipment, autos and consumer goods all climbed to records in 2013, evidence of the rebound in global demand that will probably keep driving exports this year. Another report showing claims for jobless benefits dropped last week points to a healing in the U.S. labor market that will help boost consumer spending, ensuring imports also grow.

“The trade deficit will continue to narrow a bit over the course of 2014, mostly thanks to a smaller petroleum trade deficit,” said Ryan Wang, an economist at HSBC Securities USA Inc. in New York and the second-best trade forecaster over the past two years, according to data compiled by Bloomberg. “We’ll see another year of moderate growth.”

Read more: http://bloom.bg/1lDQLmp


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A 'Year of Action' – On Infrastructure Projects and Job Creation

american energy  Environment  Energy Security  jobs  keystone xl pipeline  infrastructure  fracking  innovation 

Mary Leshper

Mary Schaper
Posted February 4, 2014

Free the Keystone XL Pipeline, Mr. President

Los Angeles Times: Welcome to the "year of action." In last week's State of the Union address, the president vowed to do whatever he has to help the economy, even if that means working around Congress: "What I offer tonight is a set of concrete, practical proposals to speed up growth, strengthen the middle class and build new ladders of opportunity into the middle class. Some require congressional action, and I'm eager to work with all of you. But America does not stand still, and neither will I. So wherever and whenever I can take steps without legislation to expand opportunity for more American families, that's what I'm going to do."

The White House has touted the fact the president has a "phone and a pen" and he's not afraid to use them.

The president also vowed to cut red tape, and not for the first time. In 2013's State of the Union, he insisted that "my administration will keep cutting red tape and speeding up new oil and gas permits." And in 2012: "In the next few weeks, I will sign an executive order clearing away the red tape that slows down too many construction projects."

 

Read more: http://lat.ms/1eRaGFu

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A More Successful, Optimistic Union – Thanks to American Energy

american energy  Economy  jobs  fracking 

Mary Leshper

Mary Schaper
Posted January 28, 2014

Manufacturers to D.C.: Make Us a Can-Do Nation Again

Real Clear Politics (Oberhelman/Timmons): President Obama has highlighted manufacturing in his past two State of the Union addresses. Two years ago, he cited an agenda that “begins with American manufacturing” as part of a broader “blueprint for an economy that’s built to last.” Last year, he reiterated manufacturing’s critical importance to economic recovery, stating, “Our first priority is making America a magnet for new jobs and manufacturing.” Odds are manufacturing will make another appearance this year, with familiar rhetoric that receives bipartisan applause. Unfortunately, rhetoric alone won’t get the job done. We need policymakers to do what manufacturers in the United States do every day: Make tough decisions that get results.

This year, we are issuing a challenge in advance of the State of the Union address. Over the next year, the president and Congress, in partnership with manufacturers and the entire private sector, must work together on a broad-based agenda to spur long-term economic growth and employment. If we do, we can:

  • Create more than 20,000 manufacturing jobs per month;

  • Grow industrial production by at least 4.5 percent annually; and

  • Grow the economy by at least 3.5 percent annually.


Read morehttp://bit.ly/MbgZwi

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A Free Market, Access to Domestic Energy = A More Prosperous America

american energy  energy markets  global energy  exports  infrastructure  fracking  jobs  Economy  keystone xl 

Mary Leshper

Mary Schaper
Posted January 27, 2014

Free America’s Energy Future: Drop Washington’s Counterproductive Oil and Natural Gas Ban

Forbes (Doug Bandow): For years people have been told to expect a dismal energy future.  But because of rapid free market innovation, Americans now can look forward to a future of energy abundance.  The U.S. could even become a leading exporter—if Washington gets out of the way.

Successive presidents and Congresses imposed controls, approved subsidies, created bureaucracies, and issued proclamations.  The most common commitment was to achieve “energy independence.”  But President Ronald Reagan set the stage for today’s energy advances by unilaterally eliminating oil price controls and pushing Congress to drop natural gas price and use restrictions.

His successors, however, have regressed back to expensive social engineering.  George W. Bush declared war on the common light bulb.  Barack Obama poured billions into the coffers of well-connected alternative energy firms, several of which, such as Solyndra, have gone bankrupt.  And everyone continued to support the authoritarian Gulf kleptocracies, led by Saudi Arabia, to ensure access to imported oil.

Yet an energy revolution is underway.  Observed Mark P. Mills, an Adjunct Fellow at the Manhattan Institute, “The game-changing technologies that have emerged involve hydrocarbons:  natural gas, oil, and coal.”  Major advances have been made in locating and extracting resources—such as horizontal drilling and hydraulic fracturing, or fracking—and operating in more distant and hostile environments.


Read morehttp://onforb.es/1f7kRXN

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