Energy Tomorrow Blog
Posted August 5, 2013
Philly.com – Natural Gas Surge a Blessing for Pa.
The Marcellus Shale has the potential to provide a quarter of America's natural gas by 2020, writes Kevin Colosimo. Another bonus of shale development in the state: Jobs. Thanks to hydraulic fracturing in the Marcellus, the oil and natural gas industry has hired more than 150,000 new employees in the past three years – three-quarters of them Pennsylvania residents.
Fuel Fix Blog – Energy Rigs in U.S. Cap Longest Streak of Gains in Two Years
Baker Hughes’ national oil and natural gas rig count reached 1,782, the most since December. The resurgence in energy production helped the U.S. meet 87 percent of its energy needs in the first four months of 2013, on pace to be the highest annual rate since 1985, notes the blog. A large portion of this increase is thanks to hydraulic fracturing and shale development in the Marcellus Shale play.
Posted July 29, 2013
Below is the first in a series of videos from Williamsport, Pa., where shale development through hydraulic fracturing technologies is bringing benefits to families and to the community. In the first, local business owners talk about the economic boost that the development of energy from shale is bringing to Pennsylvania:
Posted July 26, 2013
Posted July 12, 2013
Posted July 12, 2013
In this video, Weld County Commissioner Mike Freeman talks about the safety of oil and natural gas development, through hydraulic fracturing:
Posted July 11, 2013
From time to time, a few politicians get the not-so-bright idea to try to repeal the tax deduction for intangible drilling cost (IDCs). A new study out today from Wood Mackenzie shows what would happen if this cost recovery measure was repealed effective January 1, 2014.
During a conference call with reporters, API’s director of tax and accounting policy Stephen Comstock noted that IDC expenses including wages, fuel, and hauling costs typically represent 70 to 90 percent of the cost of a completed well. Comstock:
Posted July 4, 2013
Petroleum products are everywhere – from the time your iPhone alarm rings in the morning to the time you turn off the lights at night, oil and natural gas impacts almost every aspect of life. And it’s not just electronics – from toothpaste to medicines, to clothing to the roof over your head, when you stop to think about it, the oil and natural gas industry is an integral part of the American way of life.
Oil and natural gas contribute to our health and well-being through a myriad of medicines, medical supplies and health and safety products. Aspirin is synthesized from petroleum byproducts, and advanced medical devices such as heart valves and artificial limbs are made of plastic. Kevlar®, a lightweight fiber that’s five times stronger than steel helps keep our armed forces safe and our police forces protected – and it all began with oil and natural gas.
Posted June 28, 2013
Raise your hand if you’ve played “Whack-A-Mole,” the old staple of arcades and carnivals, where the object is bopping the heads of mechanical varmints with a padded mallet as they rapidly and randomly pop up through multiple holes in the game table.
The concept pretty well captures tactics Keystone XL pipeline and Canadian oil sands opponents have used to help delay the Keystone XL, a shovel-ready project that would create tens of thousands of U.S. jobs, help grow our economy and make the U.S. more energy secure.
Posted June 25, 2013
Wall Street Journal - Texas' Next Big Oil Rush
Refineries in Texas are seeing a much-needed boost as pipelines begin to carry landlocked crude oil from U.S. shale plays to the Gulf Coast. This increase in domestic crude oil is due to increased hydraulic fracturing and shale development across the country. (Subscription publication)
USA Today – Report: Oil Sands No More Corrosive Than Average Crude
A new report from the National Research Council found “no evidence … that Alberta’s pipeline contents are more corrosive than average crude oil.”
Posted June 24, 2013
AP reports on the debate surrounding the Renewable Fuel Standard and E15 gasoline after a recent ruling by the Supreme Court. "The ever increasing ethanol mandate has become unsustainable, causing a looming crisis for gasoline consumers," API's Bob Greco said. "We're at the point where refiners are being pressured to put unsafe levels of ethanol in gasoline, which could damage vehicles, harm consumers and wreak havoc on our economy."
Houston Chronicle – Energy Surge Spreads Its Wealth Around City
Houston is arguably the center of American energy. With the surge in domestic energy, the city’s business sector – and revenues – has grown over the last few years. The Chronicle highlights the “vibrant metropolitan area.”