Skip to main content

Energy Tomorrow Blog

Fracking: A Leadership Vacuum in New York State

new york  natural gas development  hydraulic fracturing  horizontal drilling  safe operations  fracking  economic benefits  pennsylvania 

Mark Green

Mark Green
Posted December 17, 2014

Here’s what you need to know about the Cuomo administration’s decision to ban hydraulic fracturing in New York: After more than six years of a state moratorium on natural gas development using fracking, after two years of reviewing the fracking research of others, after seeing safe fracking work in more than 30 states – including neighboring Pennsylvania, where fracking is generating billions in tax revenues, allowing the distribution of hundreds of millions of dollars to communities, as well as billions in royalty payments to private landowners – Gov. Andrew Cuomo and his team took the path that’s 180 degrees in the wrong direction for New York.

More »

Energy – For Security, Greater Prosperity

domestic energy production  oil and natural gas development  congress  utah  oil sands  keystone xl pipeline  new york 

Mark Green

Mark Green
Posted December 2, 2014

U.S. News (Lamont Colucci): OPEC met on Nov. 27, and openly recognized that the United States' oil technological revolution – driven by enhanced oil recovery methods including hydraulic fracturing (known as fracking) and horizontal drilling – has undermined the cartel's economic and political power. This constitutes one of the major geopolitical and economic shifts of the 21st century in America’s favor. This meeting has been characterized as OPEC abandoning its role as a “swing producer” or simply the arbiter of oil supply and demand. Some are now suggesting that the new swing producer will be the United States.

Enhanced oil recovery technology was consistently denigrated as unworkable and unprofitable, and there will be many more articles restating this as the old wine in a new bottle. These technologies have made the U.S. the world's number one oil producer, surpassing Saudi Arabia and Russia. OPEC’s strategy of allowing the market to decide oil prices is designed to hurt American enhanced oil recovery activities, with the assumption that American producers need a higher profit margin per barrel than it does. This may be a horrible miscalculation on OPEC's part due to continual advances in technology and innovation.

According to a 2013 report, hydraulic fracking and horizontal drilling have the potential to increase the global reserve of oil from 1.6 billion barrels to 10.2 billion barrels. Domestically, we are already witnessing the 21st century oil boom generate prosperity for states like Colorado, Oklahoma, North Dakota, Texas, West Virginia and Wyoming. Current estimates indicate that by 2020 the United States will be the dominant worldwide producer of both natural gas and oil and achieve energy independence.

However, this energy issue has been dominated by the wrong people: economists, businessmen, engineers and environmentalists. They all have their required expertise, but all of this is really an issue of foreign policy and national security. There are four ways that this new situation can be welcomed by conservatives, liberals, realists and environmentalists.

More »

Energy Lifts U.S. Manufacturing, Refining Sectors

american energy  manufacturing  jobs  exports  fracking  texas  new york 

Mary Leshper

Mary Schaper
Posted July 17, 2014

AEI Carpe Diem Blog: Below are four charts and two maps that help tell the story of America’s Amazing Shale Oil Revolution:

bigthree1

More »

A New Chill on New York Energy Development

energy development  fracking  hydrofracking  hydraulic fracturing  new york  natural gas benefits 

Mark Green

Mark Green
Posted July 1, 2014

Oh, New York. As if your six-year-old moratorium on hydraulic fracturing – an unforced error that’s costing thousands of jobs and dynamic growth – isn’t bad enough for your economy, now there’s a court ruling extending the opportunity for dubious policymaking to the local level, potentially impacting state residents who can least afford it.

This week’s decision by the state Court of Appeals, that towns and municipalities may ban hydraulic fracturing within their borders, looms as a new frustrating turn for landowners. Especially those in the Southern Tier, an economically starved belt of counties along the Pennsylvania border.  

It’s hard to see how energy development – that could save family farms, provide good career paths for the region’s young people and boost the regional economy – wouldn’t be chilled by the prospect of a string of localized bans. For New York property owners, the ruling could mean that economic development will continue to be something that happens in Pennsylvania, not at home.

More »

Shale Development Providing Opportunity Across the Country

fracking  american energy  jobs  Economy  Energy Security  new york  texas  ohio  keystone xl pipeline  ethanol 

Mary Leshper

Mary Schaper
Posted April 30, 2014

Albany Business Review: Some New York farmers, particularly those living in the state's Southern Tier, are in favor of high-volume hydraulic fracturing. Steuben County dairy farmer Terry Waters, 60, said it would "pull us out of the hole."

 

As farmers like Waters continue to face financial hardship due to rising costs, they are seeing their counterparts in Pennsylvania benefiting from the natural gas resources located underneath their properties.

More »

Energy Means Jobs for Pennsylvania

american energy  jobs  Economy  pennsylvania  new york  fracking  hydraulic fracturing 

Mark Green

Mark Green
Posted April 23, 2014

Earlier this week we focused on the job and economic impacts of energy in New York state, a good story that could be much better if the state would permit safe and responsible development of natural gas from shale. How much better is suggested by the dramatic increases in natural gas production in neighboring Pennsylvania, as depicted in this chart by the U.S. Energy Information Administration:

More »

Jobs Delayed in New York: Energy Story Remains Unfinished

oil and natural gas development  new york  new york drilling moratorium  hydrofracking  fracking  economic growth  marcellus 

Mark Green

Mark Green
Posted April 21, 2014

Probably nowhere is the economic impact of shale energy development more dramatic than in the contrast between two neighboring states – Pennsylvania and New York. The former allows hydraulic fracturing in the energy-rich Marcellus shale belt that runs through much of the state, the latter doesn’t – even though the Marcellus continues into the Empire State and could provide a big jobs boost on its Southern Tier.

Indeed, while New York is not a top producing state, the oil and natural gas industry still is driving strong job creation and economic growth. In a PwC study, New York ranked 7th in the country in overall impact from oil and natural gas development.

More »

Domestic Oil and Natural Gas Production Driving 2014 Energy Agenda

energy policy  exports  american energy  fracking  new york drilling moratorium  keystone xl pipeline  arctic 

Mary Leshper

Mary Schaper
Posted January 2, 2014

Shale-Oil Boom Puts Spotlight on Crude Export Ban

Wall Street Journal: The U.S. government virtually banned the export of crude oil in the wake of the mid-1970s energy crisis. But as America pumps more crude, 2014 could be the year those constraints are lifted.

For decades, even discussing the possibility of exporting domestic oil was a political nonstarter in Washington. Now, surging U.S. production has led to the beginning of a glut along the Gulf Coast, home to the largest refinery complex in the world. Too much crude is driving down prices there, making producers eager to export some of their oil to places like Europe where prices are higher.

Read more (subscription publication): http://on.wsj.com/1d2nGfN

More »

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

More »

Abundant Energy Means New Economic Opportunities for America

lng exports  hydraulic fracturing  north dakota  new york drilling moratorium  ethanol  rfs34 

Mary Leshper

Mary Schaper
Posted September 11, 2013

Obama Administration Allows More natural Gas Exports

Fuel Fix Blog: The Obama administration on Wednesday authorized a fourth company to broadly export U.S. natural gas, giving Dominion conditional approval to sell the fossil fuel abroad after processing it at a Maryland facility.

The Energy Department’s decision means that as long as it secures other required permits, Dominion Cove Point will be able to sell as much as 770 million cubic feet of natural gas per day for the next 20 years to Japan and other countries that do not have free-trade agreements with the United States.

With the Dominion Cove Point decision, the Obama administration has now authorized 6.37 billion cubic feet of liquefied natural gas to be sold to non-free-trade nations.

Read more: http://bit.ly/17QBo0W

More »