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Energy Tomorrow Blog

America's Natural Gas, America's LNG Export Opportunity

lng exports  natural gas benefits  job creation  trade  regulation 

Mark Green

Mark Green
Posted November 14, 2013

Earlier this year an ICF International study found that exporting U.S. liquefied natural gas (LNG) would have dramatic national impacts on jobs, economic growth and revenue generation for government.  Now a second ICF study shows what the impact of LNG exports would look like on a state-by-state basis. They’re huge:

  • LNG exports could contribute as much as $10 billion to $31 billion per state to the economies of natural gas-producing states such as Texas, Louisiana and Pennsylvania by 2035.
  • Producing states could see employment gains as high as 60,000 to 155,000 jobs in 2035.
  • Non-producing states also will benefit, partly because of the demand for steel, cement, equipment and other goods used in natural gas development. ICF said states including Ohio, California, New York and Illinois will see gains to their economies as high as $2.6 billion to $5 billion per state in 2035.
  • In terms of jobs, large manufacturing states like California and Ohio will see gains of 30,000 to 38,000 in 2035, ICF says.

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U.S. Energy Abundance Marks Path to Security, Prosperity

fracking  job creation  lng exports  ethanol 

Mark Green

Mark Green
Posted November 14, 2013

Congratulations America. You’re (Almost) Energy Independent

Politico Magazine (Daniel Yergin): For four decades, whenever the American political debate turned to energy, the discussion was all about shortage and scarcity, a reality that haunted the United States ever since the global oil crises of the 1970s.

That conversation is over.

And now the unconventional energy revolution—newly accessible supplies of shale gas and oil—is creating a new discourse on energy that is changing politics and policies. All of this represents what Energy Secretary Ernest Moniz calls a “new mentality” about America’s energy position, with a new political language to match.

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Exports, Energy and Jobs: Yes. Yes. Yes.

liquefied natural gas  lng exports  job creation  economic growth 

Mark Green

Mark Green
Posted November 8, 2013

When President Obama talks about creating jobs, growing the economy, expanding exports of U.S. goods and strengthening the middle class, as he did Friday in New Orleans, most Americans are with him. And so is the oil and natural gas industry. As he said in April, creating jobs and opportunity for Americans should be our “true North.”

The president used Friday’s speech to make the case that needed improvements to the nation’s infrastructure – roads, bridges, ports and more – is a path to increased prosperity.

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Surge in Oil and Natural Gas Production Means More Opportunities for U.S. Energy

hydraulic fracturing  lng exports  greenhouse gas emission reduction  ethanol  renewable fuel standard 

Mary Leshper

Mary Schaper
Posted November 5, 2013

America’s Resurgence in Manufacturing Starts in the Shale Fields

Forbes: Our economy is straining at the bit to grow out of the Great Recession. You wouldn’t know that from the dreary news on both the jobs and GDP growth front. The good news is found in the incredible potential for high-paying jobs, growth and wealth creation bubbling up in America’s manufacturing sector.

Manufacturing is hot, even though we’re supposed to be in a post-industrial economy. The transformation in American manufacturing today is redolent of a century ago when innovation and growth in the industrial landscape was blossoming in both big companies and start-ups…

The dramatic growth in U.S. oil and gas production has not arisen from new discoveries or the opening of off-limits federal lands, but from new technologies and techniques that literally manufacture liquid and gaseous hydrocarbons from solid shale rock. Widely reported as “fracking” – hydraulic fracturing – the story is in fact one of deep industrial innovation, digital technologies and software. In other words, it is a secular shift in the industrial landscape.

Read more: http://onforb.es/1hgVN6i

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Shale Development in Perspective: Economic Benefits, Jobs, Increased Energy Security

Economy  jobs  Energy Security  hydraulic fracturing  engineers  lng exports 

Mary Leshper

Mary Schaper
Posted October 23, 2013

Marcellus Shale Gas Growing Faster than Expected

Wall Street Journal: PITTSBURGH — Natural gas production from the Marcellus Shale region is growing faster than expected, according to a new federal report issued Tuesday.

Marcellus production has now reached 12 billion cubic feet a day, the Energy Information Administration report found. That's the energy equivalent of about 2 million barrels of oil a day, and more than six times the 2009 production rate.

For perspective, if the Marcellus Shale region were a country, its natural gas production would rank eighth in the world. The Marcellus now produces more natural gas than Saudi Arabia, and that glut has led to wholesale prices here that are about one-quarter of those in Japan, for example.
 
Read more: http://on.wsj.com/1cedUYl

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Energy for the U.S., Energy for the World

american energy  exports  global energy  pipelines  ethanol  hydraulic fracturing 

Mary Leshper

Mary Schaper
Posted October 18, 2013

Amid Oil Boom, Petroleum Exports Surge

National Journal: RICHMOND, Calif. – It takes about a month for oil to arrive from the Middle East to a refinery here on the edge of the San Francisco Bay. On a clear day, you can see the Golden Gate Bridge in the distance from the refinery's pier, but you will probably notice first and foremost the massive tankers docked and unloading oil into a web of pipes.

About 60 percent of the oil processed by this refinery, owned and operated by Chevron, comes from the Middle East. Most of the rest comes from Alaska, also by tanker. But the oil coming in is not as interesting as what is going out. Many companies are beginning to turn around and export the refined gasoline, diesel, and jet fuel.

"As the economy has taken a hit, as vehicle efficiency standards have lowered the demand for fuel, California refineries in aggregate can now produce more than the local demand and therefore products are beginning to be exported," said Dave Reeves, president of global supply and trading at Chevron.

Read more: http://bit.ly/H1RtaF

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More Hydraulic Fracturing Means a More Secure America

hydraulic fracturing  Energy Security  american energy  lng exports 

Mary Leshper

Mary Schaper
Posted October 17, 2013

U.S. is the World’s Largest Producer of Natural Gas – Here’s What That Means  

NPR: Natural gas production in the U.S. is going through the roof. The U.S. now produces more natural gas than any country on Earth, according to a recent report from the U.S. Energy Information Administration.

This is largely due to fracking, the controversial method for using pressurized fluids to break up rocks to get at the natural gas below. Over the past few years, fracking has had a huge effect on energy in America. Here's how.

Read more: http://n.pr/H6tGpA

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The Reality of America’s Oil and Natural Gas Surge

ethanol  blend wall  renewable fuel standard  american energy  hydraulic fracturing  lng exports 

Mary Leshper

Mary Schaper
Posted October 11, 2013

Analysis: Lawsuits Likely as EPA Declares U.S. Ethanol Blend Wall a ‘Reality’

Reuters: With two words, the U.S. environment regulator may be handing oil refiners the biggest win of a long battle to beat back the seemingly inexorable rise of ethanol fuel.

In a leaked proposal that would significantly scale back biofuel blending requirements next year, the U.S. Environmental Protection Agency (EPA) says the blend wall - the 10 percent threshold of ethanol-mixed gasoline that is at the crux of the lobbying war - is an "important reality".

The agency's rationale for a cut in the volume of ethanol that must be blended echoes an argument the oil industry has been making for months: the U.S. fuel chain cannot absorb more ethanol.

Read more: http://reut.rs/1hIy6OU

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New Map Tool Tracks LNG Export Issue

Economy  jobs  lng exports 

Mark Green

Mark Green
Posted October 10, 2013

Check out API’s new web-based interactive map that can be used to track U.S. liquefied natural gas (LNG) export projects, including those waiting for federal approval.  The map shows the location of the proposed projects, and clicking on the respective balloons opens a window with detailed information about the project’s export capacity, jobs that could be created, capital investment and more. Shrink the map down a bit and you can see proposed international LNG export projects.

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U.S. Energy's Global Impacts

Energy Security  lng exports 

Mark Green

Mark Green
Posted October 3, 2013

More from this week’s North American Gas Forum conference in Washington – this one a discussion of the U.S. opportunity capitalize on global demand for natural gas and the potential geopolitical impacts of an energy-resurgent U.S.

Majed Limam of Poten & Partners said natural gas demand from the Asian Pacific market and other markets are key to would-be suppliers. Yet global demand for liquefied natural gas (LNG) isn’t infinite, Limam said. Those who move quickly to secure market share will be rewarded.

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