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Energy Tomorrow Blog

American Energy is Producing Domestic Benefits, Changing the Global Market

american energy  Energy Security  fracking  exports  lng 

Mary Leshper

Mary Schaper
Posted April 9, 2014

Wall Street Journal: The global energy equation has changed dramatically in recent years, thanks in large part to the impact of the shale-gas revolution. To get a handle on how the expectations of huge gas exports may shape the geopolitical future, The Wall Street Journal's John Bussey talked to Daniel Yergin, author and Vice Chairman of IHS Inc. Edited excerpts of their conversation follow.

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American Energy is Creating Stronger, Growing Communities

american energy  fracking  jobs  Economy  Energy Security  keystone xl pipeline  exports 

Mary Leshper

Mary Schaper
Posted April 8, 2014

San Antonio Express-News: The oil and gas boom brought about by new drilling technology is drawing people to shale plays like iron filings to magnets.New census data show a population surge as the oil boom draws workers and families to oil fields around the country. Some of the nation's fastest-growing communities include Midland and Odessa in the Permian Basin and three cities near North Dakota's Bakken Shale field: Williston, Dickinson and Minot. The rapid increase in drilling in the Eagle Ford Shale has spilled into San Antonio.

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More Domestic Energy Production, Fewer Imports = a Stronger U.S.

Energy Security  american energy  imports  fracking  jobs  Economy 

Mary Leshper

Mary Schaper
Posted April 2, 2014

Total U.S. net imports of energy, measured in terms of energy content, declined in 2013 to their lowest level in more than two decades. Growth in the production of oil and natural gas displaced imports and supported increased petroleum product exports, driving most of the decline. A large drop in energy imports together with a smaller increase in energy exports led to a 19% decrease in net energy imports from 2012 to 2013.

Total energy imports declined faster—down 9% from 2012 to 2013—than in the previous year, while export growth slowed. Crude oil production grew 15%, about the same pace as in 2012, which led imports of crude oil to decrease by 12%, accounting for much of the overall decline in imports.

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Tapping America’s Energy Potential

Economy  fracking  lng exports  jobs  keystone xl pipeline  Energy Security 

Mary Leshper

Mary Schaper
Posted April 1, 2014

With Europe’s dependence on Russian gas impeding diplomatic efforts, it’s time to reconsider outdated policies that are keeping the U.S. from becoming an energy exporter.

U.S. lawmakers don’t drive around in 1970s-era cars, yet they don’t seem to mind energy policies that are equally out of date. Attempts to export shale oil and gas, for example, have run smack into legal and regulatory barriers as old as a Gran Torino.

Energy companies have been urging Congress to lift the lid on exports and start treating oil and gas again like any other commodity that’s freely traded in world markets. Tapping global demand for U.S. shale oil and gas, they say, will spur domestic production and create even more jobs in a sector that’s already racked up robust employment gains.

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The Promise of American Energy, Today and Tomorrow

american energy  Energy Security  Economy  jobs  fracking  texas  oklahoma  pennsylvania 

Mary Leshper

Mary Schaper
Posted March 31, 2014

Over the past few years, the U.S. has witnessed a dramatic turnaround in its energy situation. Thanks largely to a combination of horizontal drilling and hydraulic fracturing, or "fracking," energy producers have been able to tap vast oil and gas deposits buried in deep shale formations. As a result, domestic oil and gas production has surged to multi-decade highs.

This energy boom has yielded tremendous and widespread economic benefits to the United States. A statement from the White House Council of Economic Advisors last year summed it up nicely: "Every barrel of oil or cubic foot of gas that we produce at home instead of importing abroad means more jobs, faster growth, and a lower trade deficit." Let's take a closer look at some of the main ways the energy boom has helped the nation's economy.

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Strong, Safe, Growing Communities – Thanks to Shale

Economy  Energy Efficiency  jobs  fracking  Energy Security  exports  lng 

Mary Leshper

Mary Schaper
Posted March 21, 2014

To Americans used to thinking of energy in terms of the Middle East, the names of the world's top producers of natural gas might come as a surprise.

 

No. 1 is the United States. No. 2 is Russia. Together they stand as the giants of gas production. What separates them is that the U.S. consumes its gas, while Russia has become the world's largest exporter — a key reason why President Vladimir Putin felt confident that he could seize Crimea from Ukraine and get away with it. Russia supplies 30% of Europe's gas needs, making it hard for European leaders to muster the resolve to resist.

 

The good news is that the West can turn the tables on Putin, freeing Europe from its dependency and in the process making Russia pay dearly. That can't be done fast enough to neuter the current crisis, nor will it come cheaply. But if Putin believes his actions will drive Europe toward energy independence, he'll have to think twice. Deprived of its biggest market, Russia's fragile, energy-based economy would erode, along with its power and Putin's stratospheric popularity.

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America’s Energy Boom Benefits America

american energy  Economy  Energy Efficiency  Energy Security  Environment  jobs  fracking  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted March 20, 2014

The U.S. shale boom is beginning to ripple outward to American cities.

The shale mining industry's rising demand for materials and equipment along with the abundance of cheap fuel are fueling a modest renaissance in American manufacturing, according to a report prepared by IHS Global insight for the U.S. Conference of Mayors.

The shale extraction industry is itself driving growth through its hunger for steel pipeline, extraction machinery and other materials needed at domestic shale deposits, including the Bakken in North Dakota and the Marcellus shale in Pennsylvania. The availability of cheap fuel has in turn allowed these energy intensive manufacturing industries to cut costs and compete better with foreign imports.

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Keystone XL to Natural Gas: American Energy is Changing the Global Market

american energy  Energy Security  Economy  jobs  fracking  keystone xl pipeline  global markets 

Mary Leshper

Mary Schaper
Posted March 19, 2014

Carpe Diem Blog: US petroleum exports reached a new record high in 2013 at an average of more than 3.5 million barrels per day (bpd), which was almost double the 1.8 million bpd of petroleum exports in 2008. During his State of the Union address in January of 2010, President Obama promised that his administration would double US exports within five years. It’s becoming increasingly clear that it’s a completely unachievable goal, except for a few exceptions like petroleum products. But I don’t think we’ll be hearing about the doubling of petroleum exports from Team Obama. Fossil fuel based exports were probably the furthest thing from his mind when Obama made the fantasy promise to double America’s exports within five years.

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Happy Birthday, Fracking!

fracking  american energy  Economy  Environment  Energy Security  Energy Efficiency  jobs  hydraulic fracturing  innovation  technology 

Mark Green

Mark Green
Posted March 17, 2014

Happy birthday, fracking! What a fantastic, 65-year ride it has been – and here’s to another 65 years and more.

Advanced hydraulic fracturing and horizontal drilling launched an oil and natural gas renaissance in this country – bringing dynamic job creation, economic stimulus that radiates well beyond the oil and natural gas industry proper and greater energy security. Thanks to fracking, the United States is an energy superpower that, with the right policies, can harness its vast resources to ensure a significantly better future for its citizens while reducing energy-related tension across the globe.

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Efficient and Abundant: American Energy Hits New Highs

american energy  Energy Efficiency  Energy Security  business  fracking  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted March 11, 2014

Liquefied Natural Gas as a Geopolitical Tool

Denver Post Editorial: Speeding up U.S. natural gas exports was a good idea even before the crisis in Crimea, but it's an even better idea now.

It's not as if U.S. exports are going to undermine Vladimir Putin's imperialistic designs in the short term. Ukraine would love to be less dependent on Russia for natural gas, but the export infrastructure in the U.S. for liquefied natural gas (LNG), particularly in terms of ports, isn't ready.

Indeed, the earliest that an export terminal is expected to come on line is in late 2015, with other terminals becoming operational perhaps a couple of years later. For that matter, the government doesn't direct where exports go. If the price in Asia for LNG is higher than in Europe, U.S. exports will tend to wind up there.

Still, the more gas is available worldwide, the less leverage Putin will have in bullying neighbors and in talks with European powers such as Germany, which also depends on Russian gas.

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