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Energy Today June 7 2013

hydraulic fracturing  exports  keystone xl  regulations  natural gas  lng  north dakota 

Mary Leshper

Mary Schaper
Posted June 7, 2013

CNN MoneyEnergy Helps North Dakota Grow Five Times Faster Than Nation

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 OnlineNo 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.”

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Our Natural Gas Opportunity

exports  lng  natural gas 

Mark Green

Mark Green
Posted May 24, 2013

Comments on the potential of U.S. natural gas from new Energy Secretary Ernest Moniz, in a video posted to his Facebook page:

“The way I look at it is that this natural gas boom is a boon. First of all, we all know that it is partially responsible for the decrease in CO2 emissions that we have experienced over the last years in the absence of, at least, over-arching legislation. Secondly, what I would argue is that the way to look at it – and, you know, as gas as kind of a bridge to a very low carbon future – is that it affords us a little bit more time to develop the technologies, to lower the costs of the alternative technologies, to get the market penetration of these new technologies.”

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Energy Today – May 22, 2013

exports  fracking  keystone xl pipeline  lng  natural gas  taxes 

Mary Leshper

Mary Schaper
Posted May 22, 2013

The Hill’s E2 WireSenators Warned of ‘Narrowing’ Opportunity to Increase Natural Gas Exports

In an ongoing series of hearings focused on American natural gas exports, the Senate Energy Committee heard from panelists on the pending LNG export applications. The president of Sempra LNG noted that “if we wait too long … we will lose the jobs” associated with U.S. LNG projects.

National JournalGraphic: Keystone XL is More Than a Pipeline

The House is set to vote on legislation that would approve construction of the Keystone XL pipeline today. In advance of the vote, NJ has an infographic that details everything from the project’s route size and how much oil it will deliver to its supporters and opponents.

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With Natural Gas Exports, U.S. Senses Big Opportunity

energy  exports  lng  natural gas 

Mark Green

Mark Green
Posted May 21, 2013

Kudos to Senate Energy and Natural Resources Chairman Ron Wyden for a series of hearings on natural gas issues, including Tuesday's on the impacts of exporting liquefied natural gas (LNG). It’s vital that policymakers understand the scope of America’s natural gas wealth – thanks to hydraulic fracturing – so they can make decisions that will let this wealth work for Americans. The export of LNG is a prime example.

Currently, the Energy Department is considering 18 applications for U.S. facilities that would export American LNG to friends and allies overseas. Studied analyses have projected broad job and economic benefits to the U.S. from LNG exports (here and here), with a new report this week dispelling the notion that exports would significantly impact domestic prices. These reports strongly suggest that government should approve the remaining LNG applications and not try to pick winners in the private market.

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More Evidence for LNG Exports

exports  lng  natural gas  regulation 

Mark Green

Mark Green
Posted May 21, 2013

Two new reports outline the importance of crafting the right policies to capitalize on America’s vast wealth in shale natural gas.

An American Chemistry Council (ACC) analysis points to rich capital investments and job gains to be realized in that sector because of abundant, affordable supplies of shale natural gas:

  • $71.7 billion in chemical industry investments publicly announced through the end of March.
  • 46,000 new chemical industry jobs by 2020.
  • 264,000 jobs in supplier industries by 2020.
  • 226,000 induced jobs in communities where chemical industry workers spend their wages.
  • $20 billion in federal, state and local tax revenue.

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Energy Today – May 17, 2013

keystone xl pipeline  fracking  lng  natural gas 

Mary Leshper

Mary Schaper
Posted May 17, 2013

Free EnterpriseKeystone XL: Real Benefits for the U.S.

Bloomberg OK Pipline

Sean Hackbarth notes  Keystone XL pipeline developments this week: The House Transportation Committee advanced  a bill that would allow construction of the full pipeline – the third congressional committee to do so; Canadian Prime Minister Stephen Harper was in New York City touting  the project’s benefits  for both the U.S. and Canada; and a small business owner in Maryland told the president that businesses like his  would get a boost from the project.

The HillDOE Approves Natural Gas Export Project

A Texas LNG  facility has the green light from DOE  for exports to non-free trade nations. DOE noted that project opponents “have not demonstrated that the requested authorization would be inconsistent with the public interest.”

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Report: Big Job, Economic Numbers Would Accompany LNG Exports

exports  lng  natural gas 

Mark Green

Mark Green
Posted May 15, 2013

Key findings in a new report by ICF International, analyzing the potential impacts of exporting U.S. liquefied natural gas (LNG):

Jobs – Average net growth is projected to range from 73,100 to 452,300 between 2016 and 2035.

ICF Employment Impacts by Exports

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Energy Today – May 15, 2013

exports  fracking  hydraulic fracturing  lng  natural gas  new york  trade 

Mary Leshper

Mary Schaper
Posted May 15, 2013

Washington ExaminerFracking Could Create New Wealth for New York

In a guest column, former Department of Labor Chief Economist Diana Furchtgott-Roth discusses the opportunities hydraulic fracturing could bring to New York state. “Using the Pennsylvania data to project fracking's effect on New York counties, I find that the incomes of those who live in the 28 New York counties above the Marcellus Shale have the potential to expand by as much as 15 percent over the next four years -- if the state's moratorium is lifted.”

National JournalNatural Gas Exports Loom Large Over Washington

NJ’s Amy Harder takes a look at the liquefied natural gas debate after a visit to Dominion’s Cove Point, Md., facility – a former import terminal waiting for federal approval to add  export capabilities.

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Energy Today – May 13, 2013

energy  fracking  lng  natural gas development 

Mary Leshper

Mary Schaper
Posted May 13, 2013

Associated Press Natural Gas Export Plans Stir Debate

The AP highlights describes the  natural gas export debate, which is being driven by an abundance of domestic supply. Sen. Ron Wyden, chairman of the Senate Energy and Natural Resources Committee, said officials should seek a "sweet spot" for LNG exports — allowing enough to spur drilling and increase gas supplies, but not enough to create export-driven price hikes.

Free Enterprise Interior Secretary: Hydraulic Fracturing is "Essential"

Free Enterprise’s Sean Hackbarth recaps Secretary Sally Jewell’s recent testimony before the Senate Appropriations Committee during which she stated that hydraulic fracturing is an “essential technology” that “can be done safely and responsibly.”

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Energy Today – May 8, 2013

emissions  epa  exports  gulf  hydraulic fracturing  keystone xl pipeline  lng 

Mary Leshper

Mary Schaper
Posted May 8, 2013

The AdvocateOur Views: Riches Await in the Gulf

The Baton Rouge, La., paper touts the energy potential in the Gulf of Mexico after Interior Secretary Sally Jewell’s recent visit to an offshore rig there. The editorial backs Jewell’s statement that “maintaining the public’s trust in the safety and environmental performance of oil and gas production is critically important as we continue to tap into the Gulf’s abundant resource potential.” 

TribLIVEHow’s the Economy? Looking Up

Washington County, Pa., leads the greater Pittsburgh region in terms of economic development projects, energy production and job creation – thanks to natural gas development and hydraulic fracturing. 

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