Energy Tomorrow Blog
Posted January 15, 2015
Posted January 7, 2015
Posted January 5, 2015
We’ve got an energy revolution taking place in this country, but can we keep it going – and even better, can we increase it?
These and more will be the focus of the State of American Energy event on Tuesday from Washington D.C. You can watch the event live here beginning at 12:15 p.m. Eastern. Join in the conversation on Twitter using the hashtag #SOAE2015.
Posted December 30, 2014
UPI: House Republicans will work to create the "architecture of abundance" needed to take advantage of North American energy leadership, a lawmaker said.
The House Energy and Commerce Committee published a 105-page strategy document meant to highlight the agenda of the incoming Republican-led Congress. It says federal policies are ill-suited to develop the infrastructure needed to take advantage of the oil and gas production boost in the United States.
"Creating this architecture of abundance is slowed at every step by archaic federal rules that can cause years of delays and even block some pipeline and power line projects outright," the paper reads.
Rep. Fred Upton, the committee's chairman, said the new Congress would work to advance its blueprint when it comes into power in January.
Posted November 12, 2014
See video below of Thursday's event, hosted by The Hill newspaper, that featured discussion of the energy policy issues that are likely to be front and center in the new Congress, which will have a new Senate majority.
Discussion focused on what’s next in the energy sector – from industry in terms of innovation and other advancements that affect energy development, and from Washington policymakers on Capitol Hill and within the administration.
Posted November 11, 2014
President Barack Obama has also joined the chorus, claiming in a recent speech at Northwestern University that America is a world energy leader because “right off the bat” his administration “upped our investments in American energy.”
In reality, we’ve become the world’s leading natural gas producer and soon-to-be leading oil producer despite, not because of, White House policies.
Posted September 18, 2014
Since its inception the U.S. tax code has allowed taxpayers to recover business costs and be taxed only on net income – the idea being that quick recovery of costs would help spur reinvestment and support business expansion. This, in turn, boosts the economy and serves the national interest.
It is working in energy. Because of the cost of drilling wells and the need to invest in a depleting asset, cost recovery and reinvestment is an important part of the reason America has an energy revolution today. Mechanisms like the one for intangible drilling costs (IDC) help support the entrepreneurial risk-taking and investment that keep the revolution going.
Posted August 26, 2014
After graduating from Penn State with a degree in petroleum engineering, Curry didn't have much of a choice but to leave. He got a job that required him to travel and "bounced around the United States for a few years," the 43-year-old said recently.
"I eventually settled in Dallas, working for multiple oil and gas companies during my time there," he said. "Around 2008, I began hearing more and more about Marcellus and Range Resources, and I saw the opportunity to move home."
Curry is director of business development at Range Resources in Cecil Township, Washington County. He and his wife, Heather, have three children, ranging in age from 4 months to 5 years old -- "all born in Pittsburgh," said Curry, who is from Lower Burrell, Westmoreland County.
Posted July 7, 2014
Promising news last week – the U.S. will remain the world’s largest oil producer this year, maintaining the top spot now and well into the future thanks to shale development, Bank of America says.
U.S. production of crude oil, along with liquids separated from natural gas, surpassed all other countries this year with daily output exceeding 11 million barrels in the first quarter, the bank said in its report.
Posted June 25, 2014
A year ago President Obama clarified his position on the Keystone XL pipeline, saying that for him to approve the project it would need to meet two tests – that KXL would be in the national interest and would not “significantly exacerbate the problem of carbon pollution.”
The second point first. The environmental test has been passed – five times, in fact. The U.S. State Department’s fifth environmental assessment – which examined the Keystone XL’s construction, operation and the impact of increased oil sands development as a result of the pipeline – concluded that the project would have no effect on oil sands production and no significant effect on the environment.