Energy Tomorrow Blog
Posted June 11, 2013
Pittsburgh Business Times – Marcellus Royalties Rising
The newspaper reports on a study by the Allegheny Institute for Public Policy showing that royalty income paid to land and mineral rights owners in Marcellus Shale play has skyrocketed in recent years, from an estimated $10.9 million in 2008 to an estimated $731 million last year.
MSN Money – Meet the State with America’s Strongest Economy
Thanks to the surge in hydraulic fracturing and shale development in North Dakota, the state’s GDP rose 13.4 percent in 2012 over 2011 to lead the U.S. Per capita personal income also has soared, doubling since 2000.
Posted June 10, 2013
Wall Street Journal – Fracturing in California
In an editorial, WSJ comments on a bipartisan vote in the state assembly to defeat a ban on hydraulic fracturing: "...about one-third of the active wells now use this innovative drilling process... A moratorium would throw thousands of Californians out of work."
EIA Today in Energy – Shale Oil and Natural Gas Resources Are Globally Abundant
A new EIA report shows that shale resources in the United States and worldwide represent 10 percent of the world's crude oil and 32 percent of the world's technically recoverable natural gas resources.
Posted June 7, 2013
Propelled by a massive energy surge, North Dakota’s economy grew 13.4 percent in 2012, according to Bureau of Economic Analysis figures – nearly three times as fast as Texas, the No. 2 state. The oil and natural gas industry is a big economic driver, as well as manufacturing industries.
National Review Online – No More Energy Protectionism
In a guest post, the Heritage Foundation’s Nicolas Loris writes that, “In a free economy, goods and services go to their highest valued use. Natural gas is no different, and it should be treated the same as any other good the U.S. trades around the world.”
Posted June 6, 2013
The surge in U.S. shale development through hydraulic fracturing and horizontal drilling in North Dakota, Oklahoma and Texas has boosted domestic oil production – 7.3 million barrels a day last week alone – to the highest level since 1986, according to the U.S. Energy Information Administration.
Fuel Fix Blog – Feds Give More Time To Study Proposed Drilling Rule
Last month API asked for an additional 90 days to study BLM’s proposed rule governing hydraulic fracturing. Today, Interior Secretary Sally Jewell said that she would allow an additional 60 days for stakeholders to review the proposed regulations.
Posted June 5, 2013
The Hill – Fueling the Future
Bill Cooper, president of the Center for Liquefied Natural Gas, talked with The Hill about the future of natural gas exports. “This is not the first time the country has argued protectionism versus exports and that kind of thing,” he said. “Historically, if we look back over it, protectionism tends to lead to economic stagnation.”
Dallas Morning News – U.S. Oil and Natural Gas Investment at 10-year High
An Ernst & Young study released Tuesday found that in 2012 the 50 largest U.S. oil and natural gas companies spent $185.6 billion on domestic exploration and new production. That represented a 20 percent increase over the previous year and the most in the past 10 years.
Posted June 4, 2013
Fox Business – Oil and Natural Gas Industry Readies for Hurricane Season
API’s Rayola Dougher stopped by Fox Business and outlined measures the industry takes to prepare its employees and facilities for the threats posed by hurricanes. “Worker safety is the industry’s top priority,” Dougher said.
CNN Money – U.S. Steps Up Natural Gas Exports
With the Energy Department granting a second liquefied natural gas export license last month, the U.S. might soon see the approval pace quicken on the remaining export applications, CNN reports.
Posted May 31, 2013
MSN Money – Why Pittsburgh is Becoming a Boomtown
Thanks to its proximity to the Marcellus Shale formation, Pittsburgh is seeing economic and population growth, reports MSN. Pittsburgh's gross domestic product has increased by roughly $10 billion in the past five years as it transitions from manufacturing dependence to a more multifaceted economy.
The post by Myron Brilliant makes the case for free trade and its benefits -- points that are key in the current debate over liquefied natural gas exports.
Posted May 30, 2013
Washington Post – Allow U.S. Natural Gas Exports
A newspaper editorial urges new Energy Secretary Ernest Moniz to act swiftly on applications to export liquefied natural gas: “We are confident that any even-handed consideration will lead Mr. Moniz to the same conclusion that so many experts have already embraced: that allowing the country to sell its bounty to the world will leave it and its trading partners better off.”
National Geographic – Monterey Shale Shakes California’s Energy Future
With the U.S. government estimating as much as 15.4 billion barrels of oil could be locked in the Monterey play, a state that has been a leader in clean energy could see a different energy future unfold, NatGeo reports. One study found that development of shale energy could add as many as 2.8 million jobs by 2020 and increase tax revenue by $4.5 billion.
Posted May 29, 2013
Texas is killing it, reports the magazine’s website A new analysis of jobs recovered since the economic downturn finds that the state’s largest city stands apart as the most powerful job engine in the country – thanks to its ties with the energy industry.
CNN Opinion – Make Sure Fracking is Done Right
In a guest post, the Council On Foreign Relations’ Michael Levi writes that “people are right to insist that [hydraulic fracturing] is done safely, but they're wrong if they conclude that it can't be.”
Posted May 28, 2013
Nearly half (46 percent) of new oil and natural gas jobs in the first quarter of 2013 were filled by women – a shift for an industry that is still 80 percent male.
Breaking Energy – Everything’s Better with Bakken
Thanks to increased production out of the Bakken shale region, East Coast refineries are making a comeback. BE notes that Phillips 66’s Bayway plant in New Jersey is making gains in refining while also housing a merchant co-generation GE power plant and a DuPont chemical manufacturing operation.