Skip to main content

Energy Tomorrow Blog

Energy Today – August 30, 2013

Energy Security  taxes  hydraulic fracturing  lng exports 

Mary Leshper

Mary Schaper
Posted August 30, 2013

Benefits of Fracking Will Be Tested in Syria Attacks

Forbes: Oil prices are surging on concerns that a U.S.-led attack on Syria could disrupt global oil supplies. West Texas Intermediate crude traded at $110.45 a barrel on the New York Mercantile Exchange this morning, after rising more than $3 a barrel on Tuesday. Less than two months ago, oil sold for less than $100.Gasoline prices have risen the most in six weeks at a time when forecasts had indicated they would be falling because of seasonal decline in demand.

It’s a pretty typical market response to geopolitical unrest in the Middle East. The concern, of course, is that any escalation of the Syrian conflict will expand to include other oil-producing nations, particularly Iran. Iran has the power to control the all-important Strait of Hormuz, through which about 17 million barrels of oil pass each day — roughly one fifth of the world supply.

But this time things are different, at least from the U.S. perspective. The implications of a supply disruption are muted because domestic production is at a 20-year high,  driven by the hydraulic fracturing boom. U.S. inventories are flush.

Read more: http://onforb.es/15jNSjt

More »

Energy Today – August 23, 2013

lng exports  hydraulic fracturing  keystone xl 

Mary Leshper

Mary Schaper
Posted August 23, 2013

The Resurgence of American Exports: Manufacturing and Natural Gas Fuel Fix Blog (William O'Keefe): The Boston Consulting Group (BCG) has just released a report, “Behind the American Export Surge,” which explores the recent resurgence in US manufacturing. While BCG goes into some detail in explaining the reversal in the decline of domestic manufacturing, it has been driven by two basic causes, a more attractive investment climate and the widespread availability of low cost energy as a result of booming domestic shale gas production and natural gas development. But perhaps the single most important conclusion drawn from the study is this: there is enough domestic shale gas to fuel an American manufacturing resurgence and to export abroad.

High-volume hydraulic fracturing natural gas development has made increased production of shale gas and oil economically attractive. With increased production of natural gas, the price according to BCG has declined 51% since 2005. And, technology is projected to result in further lowering production costs. This is a big advantage over our competitors that have natural gas prices that are 2.6 to 3.8 times greater than our domestic prices in America.

More »

LNG Exports, Markets and Building on America's Natural Gas Edge

lng exports  economic benefits 

Mark Green

Mark Green
Posted August 21, 2013

The Energy Security Initiative at Brookings has a new policy brief on liquefied natural gas (LNG) exports that makes some important points:

More »

Energy Today - Aug. 7, 2013

lng exports  renewables 

Mark Green

Mark Green
Posted August 7, 2013

EIA – U.S. Oil Production Reaches 21-Year High in July

The U.S. Energy Information Administration’s newest short-term outlook report finds that oil output increased to an average of 7.5 million barrels per day in July – the highest monthly level of production since 1991. EIA says total U.S. output will average 7.4 million barrels per day in 2013 and 8.2 mbd in 2014. Both of those estimates are increases over EIA’s previous short-term outlook.

More »

Energy Today –August 2, 2013

lng exports  hydraulic fracturing  keystone xl 

Mary Leshper

Mary Schaper
Posted August 2, 2013

The Hill – Time to Get Serious About Exporting Natural Gas

In a guest editorial, Southern Methodist University’s Bernard Weinstein argues for U.S. natural gas exports. Weinstein notes a study that found that "boosting exports would decrease the U.S. trade deficit by between $11 billion and $27 billion each year… and that continued development of domestic shale gas resources could create 1.7 million jobs in the United States by 2020."

Centre Daily News – Illinois College Offering Courses on Oil and Natural Gas

Southeastern Illinois College will begin offering two new oil and natural gas programs in January 2014. This comes after Gov. Pat Quinn signed legislation allowing hydraulic fracturing in the state last month.

More »

Energy Today – July 26, 2013

ethanol  rfs34  hydraulic fracturing  natural gas  emissions  exports  lng 

Mary Leshper

Mary Schaper
Posted July 26, 2013

Richmond Times-Dispatch – White House Would Tax Away Virginia’s Energy Future

Policy that enables the oil and natural gas industry to produce more would have a far greater impact on state and federal coffers than would any partisan policy that hinders the industry with higher taxes, notes Jack Refuse in a guest opinion piece.  

The HillNo Doubt About It: Ethanol Mandates Hit Food Producers Hard

The president of the National Chicken Council writes about price volatility for chicken farmers due to the Renewable Fuel Standard. "While chicken producers can do their best to absorb high corn prices, the price volatility is dealing a fatal blow to poultry businesses. Dairies have been hard-hit as well; last year, California, one of the nation’s top dairy-producing states, lost 100 farms due to high feed prices and unmanageable production costs."

More »

Going for the Gold on LNG Exports

lng exports  shale benefits  regulation 

Mark Green

Mark Green
Posted July 25, 2013

Senate Energy and Natural Resources Committee Chairman Ron Wyden, with some on-target remarks to a forum this week on surging U.S. shale natural gas production hosted by the Bipartisan Policy Center:

“We are in what I’ve come to describe as an economic Olympics, and winning is all about creating the most high-skill and high-wage jobs you can.  … In this economic Olympics the American economy gets out of the blocks with a very strong lead because of natural gas. So what we want to do is put in place bipartisan policies that help us extend that lead in the natural gas field.”

More »

Energy Today – July 25, 2013

ethanol  rfs34  hydraulic fracturing  natural gas  blend wall  lng  lng exports  keystone xl 

Mary Leshper

Mary Schaper
Posted July 25, 2013

Des Moines Register – Iowa Will Have to Import Corn

With increased ethanol obligations and growing livestock operations needing more feed, Iowa – the nation’s “king of corn production” – will have to import kernels to keep up with demand, an analyst tells the newspaper.

Master Resource - Frac Bounty: All Should Participate

Blogger Paul Driessen highlights the benefits of U.S. shale development  – game-changing technologies that have led to job creation and economic boosts across the country. Driessen got a first-hand look at  hydraulic fracturing drilling  in northern Pennsylvania noting the “signs of pride and prosperity were evident all over Williamsport.” Driessen: We need to frack for a better, cleaner, happier world!”

More »

Energy Today – July 8, 2013

Energy 101  hydraullic fracturing  keystone xl  oil sands  shale benefits  lng  lng exports  offshore development  offshore access 

Mary Leshper

Mary Schaper
Posted July 8, 2013

Reason - The Top Five Lies About Fracking

 Science writer Ronald Bailey highlights five falsehoods about hydraulic fracturing, from flaming faucets to water contamination. “Over 500,000 gas wells are currently operating in the United States,” Bailey writes. “Most of them manage to avoid blowing up houses, poisoning drinking water, making it hard to breathe, causing cancer...”

 Fuel Fix Blog – Oil to Flow Through Keystone XL’s Southern Leg This Year

 While the northern leg of the pipeline is going on five years waiting on approval from the Obama administration, the southern portion of the project is nearing completion. By the end of the year, the pipeline is expected to carry up to 700,000 barrels of oil per day from Cushing, Okla., to the coast of Texas.

More »

Energy Today – June 18, 2013

exports  federal lands  hydraulic fracturing  keystone xl  lng  Offshore Production  regulations 

Mary Leshper

Mary Schaper
Posted June 18, 2013

Chicago TribuneIllinois Governor Signs Bill to Regulate Fracking

Illinois is one step closer to  hydraulic fracturing after bipartisan legislation regulating the process was signed into law by Gov. Pat Quinn. Lawmakers say they hope the new regulations will encourage the oil and natural gas industry to invest in Illinois, helping to create jobs.

Fuel Fix BlogColleges Plan Training for Gas Drilling Jobs

Two colleges in southern Illinois are getting a jumpstart on possible oil and natural gas development in the state. Southeastern Illinois College and Rend Lake College are planning to provide training programs focused on safety and other areas related to  energy development.

More »