Energy Tomorrow Blog
Posted November 4, 2013
The Outsiders Who Saw Our Economic Future
Wall Street Journal: The experts keep getting it wrong. And the oddballs keep getting it right.
Over the past five years of business history, two events have shocked and transformed the nation. In 2007 and 2008, the housing market crumbled and the financial system collapsed, causing trillions of dollars of losses. Around the same time, a few little-known wildcatters began pumping meaningful amounts of oil and gas from U.S. shale formations. A country that once was running out of energy now is on track to become the world's leading producer.
What's most surprising about both events is how few experts saw them coming—and that a group of unlikely outsiders somehow did. Federal Reserve chairmen Alan Greenspan and Ben Bernanke failed to foresee the financial meltdown. Top banking executives were stunned, and leading investors such as Bill Gross, Jim Chanos and George Soros didn't fully anticipate the downturn.
Read more: http://on.wsj.com/172n4PZ
Posted October 28, 2013
This summer we posted on Anadarko’s Lucius spar, the 605-foot-long steel tube that would support the company’s newest Gulf of Mexico production platform. Now Anadarko has released three videos of operations to tow the 23,000-ton spar 340 miles southeast of Corpus Christi, Texas, where it was erected in more than 7,000 feet of water and will be fitted with its topsides – the platform the company expects will begin producing oil the second half of next year. This is must-see video.
Posted August 23, 2013
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.
Posted August 1, 2013
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.
Posted June 14, 2013
Fuel Fix Blog – Report: 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 Energy – U.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.
Posted May 24, 2013
In a letter, 24 Senate Republicans urged President Obama not to tie the Keystone XL pipeline project to “wholly unrelated and economically disastrous new regulatory policies.”
A revamped FracFocus website – expected next week – will now allow regulators to search and aggregate data. The Environmental Defense Fund’s Mark Brownstein called it “a substantial improvement.”
Posted May 23, 2013
Posted March 7, 2013
offers refiners 24/7 gas cloud monitoring through video produced by hyperspectral imaging cameras. CEO Allison Lami Sawyer says the technology, which detects hydrocarbons at 100 parts per million, is superior to traditional sensors that are prone to repeated alarms and need frequent recalibration. Sawyer says Rebellion’s service will reduce refinery downtime. “It’s the power of an image,” she says.
Posted January 24, 2013
As policymakers consider who will be the primary driver of America’s future energy development and innovation – Washington or the private sector – consider:
- Oil and natural gas supplied 62 percent of the energy America needed in 2011 – and is projected by government to supply nearly 60 percent of U.S. energy demand in 2040.
- The oil and natural gas industry provided $545 billion to the U.S. economy in 2011.
- In just unconventional resources (shale and other tight rock), industry is expected to invest more than $5.1 trillion in cumulative capital expenditures by 2035. The industry could add 1.3 million new jobs in this sector by 2020 for a total of 3 million jobs supported – growing to 3.5 million jobs by 2035.