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Energy Tomorrow Blog

Oil and Natural Gas is Fueling the American Economy, Changing the Global Market

american energy  hydraulic fracturing  pipelines  technology 

Mary Leshper

Mary Schaper
Posted October 15, 2013

Daniel Yergin: Out of ’73 Embargo ‘the Birth of the Modern Era of Energy’

Wall Street Journal: Forty years ago, on Oct. 17, 1973, the world experienced its first "oil shock" as Arab exporters declared an embargo on shipments to Western countries. The OPEC embargo was prompted by America's military support for Israel, which was repelling a coordinated surprise attack by Arab countries that had begun on Oct. 6, the sacred Jewish holiday of Yom Kippur.

 

With prices quadrupling in the next few months, the oil crisis set off an upheaval in global politics and the world economy. It also challenged America's position in the world, polarized its politics at home and shook the country's confidence.

 

Yet the crisis meant even more because it was the birth of the modern era of energy. Although the OPEC embargo seemed to provide proof that the world was running short of oil resources, the move by Arab exporters did the opposite: It provided massive incentive to develop new oil fields outside of the Middle East—what became known as "non-OPEC," led by drilling in the North Sea and Alaska.

 

Read more: http://on.wsj.com/18iHMi7

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Tax Reform Rule 1: Do No Harm

tax code  taxes impact on business  technology  innovation 

Mark Green

Mark Green
Posted August 23, 2013

Good vibrations from California with the Max Baucus-Dave Camp tax reform tour reaching Silicon Valley and a pair of high-tech sector businesses. The chairmen of the Senate’s Finance Committee and the House’s Ways and Means Committee, respectively, have been preaching a simpler, fairer tax code for individuals and job creators

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Energy Today - August 6, 2013

jobs  fracking  technology innovation  economic benefits 

Mary Leshper

Mary Schaper
Posted August 6, 2013

U.S. News & World Report – 'Game Changers' for Job Creation

The National Taxpayer Union’s Pete Sepp notes a recent study indicating the top catalyst for U.S. job creation is oil and natural gas production, particularly from shale development. Sepp outlines the benefits in the study, including adding $690 billion a year to U.S. GDP and creating up to 1.7 million new jobs by 2020.

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Energy Today –August 1, 2013

hydraulic fracturing  keystone xl  innovation  technology 

Mary Leshper

Mary Schaper
Posted August 1, 2013

EIA Energy Today – Proved Reserves of Crude Oil and Natural Gas in the United States Up Sharply in 2011

For the second year in a row, U.S. set a record increase for crude oil production in 2011 – rising 15 percent to the highest level since 1985. Natural gas production was also up 10 percent. Shale developing states led the increase.

AIE Ideas Carpe Diem Blog – Shale Revolution: U.S. Was the World’s No. 1 Petroleum Producer in April for the Sixth Straight Month

America’s shale revolution continues to perform – for the sixth month in a row America: a) took the top spot as the No. 1 petroleum producer in the world, and b) produced more petroleum than the combined output of all of the countries in Europe, Central America, and South America.

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Energy Today – June 14, 2013

Economy  exports  hydraulic fracturing  innovation  jobs  lng  natural gas  renewables  technology 

Mary Leshper

Mary Schaper
Posted June 14, 2013

Fuel Fix BlogReport: Renewables, Natural Gas Should Work Together On the Grid

According to a new report by the Texas Clean Energy Coalition, natural gas and renewables “have a strong complimentary relationship” that is beneficial for providing the energy Americans need every day.

Today in EnergyU.S. Crude Oil Production Could Reach 10M Barrels Per Day By 2040

EIA projects that thanks in large part to increased tight oil production – shale development – domestic production could continue to expand to 10 million barrels per day or higher by 2040.

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Energy Today June 12 2013

hydraulic fracturing  manufacturing  natural gas  technology  oil 

Mary Leshper

Mary Schaper
Posted June 12, 2013

Fuel Fix BlogU.S. Led World in Oil Growth in 2012

According to a new BP report, U.S. oil production growth,  the largest in the country’s history, helped keep global crude prices from rising sharply. Shale development had the biggest impact on this increase in oil production.

Washington TimesU.S. Gains Global Competition as Shale Revolution Heats Up

While the U.S.  has been “the dominant player in the shale revolution until now,” the newspaper cites new estimates showing that Russia and China have potential to rise in the global market by exploiting their own shale resources.

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Energy Summit: Fueling America’s Future

access  energy innovation  energy technology 

Mark Green

Mark Green
Posted May 23, 2013

Great energy conversation this week at Real Clear Politics’ event: Fueling America’s Future. The summit’s two panels featured representatives from all of our energy sectors as well as the issues that will play large roles as policymakers debate the path that will keep our economy fueled and individual lives prospering.

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Energy Today – May 2, 2013

hydraulic fracturing  keystone xl  natural gas  regulations  technology 

Mary Leshper

Mary Schaper
Posted May 2, 2013

The Atlantic How Oil Made Working-Class North Dakota a Whole Lot Richer

In North Dakota’s Bakken Shale formation, Americans have been able to find high-paying work in the oil and natural gas industry as the state’s employment number grew by more than 35 percent from 2007 to 2011. But another part of this American success story is that jobs and paychecks have surged across industries – including technical services, transport, construction and food services.

Reuters CanadaTransCanada to Build $900 Million Alberta Oil Pipeline, Terminal

Keystone XL opponents claim that stopping the pipeline will keep Canada’s oil sands in the ground. However, as the U.S. waits for President Obama to decide on the Keystone XL Canada is moving forward with plans to move its growing crude oil supplies – and ship them elsewhere.

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Innovation: We Like It

natural gas  innovation  fracking  technology 

Mark Green

Mark Green
Posted December 19, 2012

America’s oil and natural gas companies are all over innovation – and probably none more than those using hydraulic fracturing or fracking to get natural gas and oil from shale and other tight rock formations.

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Giving Thanks

access  domestic energy  innovation  natural gas  oil and natural gas  technology 

Mark Green

Mark Green
Posted November 21, 2012

A recent study by IHS Global Insight depicts the game-changing nature of U.S. unconventional oil and gas – trillions in potential new capital spending, job creation and energy production between now and 2035.

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