Skip to main content

Energy Tomorrow Blog

An Economic Boost, Thanks to American Energy

Economy  jobs  american energy  fracking  lng exports  exports 

Mary Leshper

Mary Schaper
Posted December 15, 2014

Penn Live (Raymond Keating): At this weekend's annual Pennsylvania Society Holiday Dinner in New York City, I suspect energy policy will be a frequent topic of discussion — as it should rightfully be. From Benjamin Franklin's first experiments with electricity in Philadelphia to the energy revolution taking place in the Marcellus Shale natural gas play, the Keystone State has led the way in developing resources to the benefit of all Pennsylvanians and the entire nation.

More »

America’s Growing Energy Potential

american energy  Economy  growth  jobs  fracking  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted December 10, 2014

Reuters: A surge of oil and gas production will drive the U.S.economy 1 percent higher in 2040 than it would have otherwise grown, and energy exports will only stoke the expansion, an independent study on energy policy concluded on Tuesday.

 

New drilling technologies such as 'fracking' have unlocked an abundance of fossil fuels from shale deposits and the bounty will both jolt the economy and increase tax receipts, according to the study from the Congressional Budget Office.

 

Officials estimate "real (inflation-adjusted) GDP product will be about two-thirds of 1 percent higher in 2020 and about 1 percent higher in 2040 than it would have been without the development of shale resources," the report finds.

More »

Thankful For… American Energy

american energy  oil and natural gas production  shale energy  hydraulic fracturing  horizontal drilling  fracking  crude oil  exports  gasoline prices 

Mark Green

Mark Green
Posted November 27, 2014

Happy Thanksgiving everybody.

When it comes to energy there’s much for which Americans can give thanks.

We have plentiful and accessible reserves of oil and natural gas that fuel healthy, mobile, modern lifestyles.

We enjoy safe and secure crude oil imports from Canada, our neighbor and ally and No. 1 source of imported oil.

Our country is served by a vibrant, modern industry – one that’s second to none in the use of safe, hydraulic fracturing and horizontal drilling, offshore development and environmental awareness.

America keeps running thanks to a vast pipeline network and the world’s biggest, most-efficient refineries. And there’s more.

More »

Thankful For: American Energy Security

Energy Security  american energy  Economy  jobs  fracking  regulation  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted November 26, 2014

EIA Today in Energy Blog: U.S. retail regular-grade gasoline prices continue to decline, averaging $2.82 per gallon (gal) as of November 24. This average is 47 cents lower than a year ago, and the lowest price heading into a Thanksgiving holiday since 2009.

 

Traditionally, the Thanksgiving holiday is one of the most traveled times of the year in the United States, and much of that travel is by car. AAA estimates that during this Thanksgiving holiday weekend (November 26-30), 41.3 million people in the United States will travel more than 50 miles from home by car. This level of travel, 4.3% higher than the same time last year, is the highest number of travelers by car for Thanksgiving in seven years and the third highest since AAA began publishing the data in 2000.

More »

Thankful For: Fracking

fracking  american energy  Economy  jobs 

Mary Leshper

Mary Schaper
Posted November 25, 2014

CNBC: America's unexpected transformation into the world's biggest natural gas producer and one of the globe's largest oil producers will give the U.S. more geopolitical clout on the world stage—including in key relationships with China, Russia and the Middle East.

 

By 2020, the U.S. is likely to be energy independent, along with Canada, its biggest import and export partner. Add to that a new boom expected from a reforming energy industry in Mexico, and North America will more than hold its own as a powerhouse in the global energy market.

 

The ripple, however, will be increasingly felt across the world. In the next several years, the European Union could be importing U.S. gas—and possibly even oil, if current laws change—lessening Russia's stranglehold on the European economy.

More »

Thankful For: American Energy

american energy  Economy  Energy Security  jobs  exports  crude  lng  fracking 

Mary Leshper

Mary Schaper
Posted November 24, 2014

Wall Street Journal (Jason Bordoff): It’s a whole new oil world for the U.S.

After decades of declining domestic oil production, the country is in the middle of an unexpected boom. Driven by new technology that reaches previously inaccessible reserves, production has soared by millions of barrels a day. This surge has been a key factor driving oil prices down.

So, should U.S. oil companies be allowed to sell that oil overseas?

Because of a restriction dating back to the oil scares of the 1970s, producers for the most part can’t export their oil. The export ban was part of a series of laws passed to ease supply concerns and prevent U.S. producers from skirting price controls by selling crude into the world market at higher prices.

More »

Energy Critical to Growing Economy, Creating American Jobs

Economy  american energy  jobs  energy  keystone xl pipeline  exports  fracking  lng exports 

Mary Leshper

Mary Schaper
Posted November 21, 2014

USA Today (Manhattan Institute’s Mark Mills): When the newly elected Congress convenes in January, energy will be a priority. In fact energy is the "foundation" action item according to the just-released roadmap from Speaker of the House John Boehner. So this is a particularly good time to map out just how different the energy world is today, and will be in the future.

 

Four decades ago, when America's extant energy policy paradigm was forged, the U.S. was the world's fastest growing major energy user in an environment of resource dependency and depletion. The facts have since flipped: America is now the fastest growing energy producer, while nearly all net new demand takes place elsewhere.

 

In this context, consider the implications for America, and the world, of five key numbers.

More »

The Opportunity of American Energy

Economy  Energy Security  jobs  american energy  fracking 

Mary Leshper

Mary Schaper
Posted November 19, 2014

WYTV (ABC, Ohio): The Utica Shale Academy, located inside Southern Local Schools, held a special demonstration Tuesday for students and board members.

Austin Sadler, 17, is the only senior in the academy. He hasn’t wasted any time obtaining three certifications needed to get a job in the oil and gas industry after graduation.

Sadler said he has learned how to case a well, install pipe and tubing and understands how gas and oil is extracted from the ground. The first certification he received was for safety, called the Rig Pass.

“It allows me to be safely on any rig. I can be on a rig and know what I am doing and what not to do,” Sadler said.

More »

It’s Time to Build the Keystone XL Pipeline

keystone xl pipeline  Environment  Energy Security  jobs  emissions  american energy  Economy  oil sands 

Mary Leshper

Mary Schaper
Posted November 18, 2014

Ahead of the Senate’s vote this evening on legislation that would approve the Keystone XL pipeline project, the 1,779 mile oil pipeline project has dominated energy news today. While the Senate floor continues to see debate, and the vote looks very close, here’s what we’re reading:

More »

Americans Win with American Energy

american energy  Economy  jobs  lng exports  fracking  pennsylvania 

Mary Leshper

Mary Schaper
Posted November 17, 2014

The Economist: To find out how much energy security has mattered in the Pacific’s recent history, ask the Japanese. At the museum of the Yasukuni Shrine in Tokyo, which honours the country’s war dead (sometimes controversially), an exhibit suggests, with a jarring note of self-justification, that an American naval blockade against Japanese oil imports in 1941 triggered the Pacific war.

Seventy years later a tsunami that swooshed in from the Pacific and knocked out the Fukushima Daiichi nuclear power station led to the closure of Japan’s 54 nuclear reactors. Parts of the country, which is a greedy consumer of electricity, were left practically powerless. Huge tankers full of natural gas, heading for terminals dotted along Japan’s Pacific coastline, eventually got the country up and running again. In 2012 Japan consumed 37% of the world’s liquefied natural gas (LNG).

More »