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Energy Tomorrow Blog

The Shale Energy Revolution’s Growing Impact

shale energy  hydraulic fracturing  fracking  keystone xl pipeline  fuels 

Mark Green

Mark Green
Posted June 17, 2014

Bloomberg: North America’s dominance of global exports of refined fuels will expand to unprecedented levels by 2019 as the shale revolution makes U.S. refineries more competitive, the International Energy Agency said.

The continent will become a “titan of unprecedented proportions” and its oil refineries will export about 3.5 million barrels a day by the end of the decade, the Paris-based adviser to 29 oil-consuming nations said in a report today. North America’s imports of crude will be 2.6 million.

“Less than ten years ago, the United States was the world’s largest importer of refined products,” the IEA said in its Medium-Term Oil Market Report, which forecasts energy-market trends. “Today it has become the world’s largest liquids producer, ahead of Saudi Arabia and Russia, as well as its largest product exporter.”

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America’s Energy Surge Continues

oil and natural gas development  shale energy  hydraulic fracturing  fracking 

Mark Green

Mark Green
Posted June 11, 2014

Fuel Fix.com: U.S. natural gas output will reach 73 billion cubic feet a day for the first time this year as new pipelines tap into shale supplies stranded in the Marcellus formation in the Northeast, a government report showed.

Marketed gas output in the lower 48 states will increase 4 percent from 2013, setting a record for the fourth straight year, according to the U.S. Energy Information Administration’s Short-Term Energy Outlook, released Tuesday in Washington. The production estimate was raised from 72.26 billion in last month’s report as “several new projects to support Marcellus production have either recently come on line or will begin operations later this year,” the government said.

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Study: Shale Energy Benefits Schools, State and Local Governments

shale energy  shale benefits  energy costs  fracking  economic benefits  energy policies 

Mark Green

Mark Green
Posted June 5, 2014

A new study details the way America’s unconventional energy revolution – oil and natural gas safely developed from shale and other tight-rock formations with advanced hydraulic fracturing and horizontal drilling – is benefiting Americans where they live.

The new analysis by IHS shows that electricity and natural gas cost savings from shale energy is, in turn, saving billions of dollars for the nation’s school districts and state and local governments.

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Video: Fracking a ‘Very Safe and Well-Understood Technology’

colorado  hydraulic fracturing  fracking  safe operations  shale energy 

Mark Green

Mark Green
Posted May 20, 2014

The video below details industry’s hydraulic fracturing experience in Colorado, a state whose oil and natural gas potential is being realized thanks to advanced fracking and horizontal drilling built on a rich history of safe and responsible drilling.

As the speakers point out, the Denver-Julesburg (or D-J) Basin has been operating commercially for nearly 150 years. Modern hydraulic fracturing has grown from the days of trying various types of fracking fluids and recycled aircraft engines to carefully formulated mixtures designed to produce tiny fractures in deep rock layers that hold oil and natural gas.

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Domestic Energy Surge is Boosting Refining Sector

refineries  oil and natural gas development  shale energy  trade  economic growth  epa regulation 

Mark Green

Mark Green
Posted May 15, 2014

Another benefit of America’s energy renaissance is seen in the competitive edge North American refiners are gaining because of lower feedstock costs, resulting from surging domestic crude oil and natural gas production.

The latest “This Week in Petroleum” report by the U.S. Energy Information Administration (EIA) says that U.S. and Canadian refiners are in a stronger position relative to European counterparts because of lower costs for domestic crude oil and natural gas, from which they make a variety of value-added finished products.

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Tapping America's Energy Opportunities

energy exports  lng exports  fracking  emissions  crude oil production  shale energy 

Mary Leshper

Mary Schaper
Posted May 15, 2014

CNBC (Spencer Abraham/Bill Richardson): Once again the world is looking for America's leadership in unsettled times. Our diplomats have limited options to combat Russia's annexation of Crimea, but they can take greater advantage of a new tool in their toolbox that no administration has had for generations — U.S. energy abundance. American energy exports will not only create economic opportunities here at home but will provide strategic geopolitical advantages abroad.

The crisis involving Ukraine and Russia highlights the need for American energy leadership. Russia remains the world's largest exporter of natural gas, supplying 30 percent of Europe's imports. Countries on Russia's periphery, many nearly completely dependent on Russian supply, pay exorbitant oil linked prices. Many are NATO allies.

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Surging U.S. Energy: ‘We Have a Chance of a Lifetime’

oil and natural gas production  shale energy  hydraulic fracturing  fracking 

Mark Green

Mark Green
Posted May 14, 2014

A couple of charts from energy/economics blogger Mark J. Perry really show the fundamental rewriting of the United States’ energy narrative – as a result of surging domestic oil and natural gas production. Both charts, developed from data in the U.S. Energy Information Administration’s (EIA) annual energy outlook, indicate that the U.S. is rapidly moving toward energy self-sufficiency – the point at which domestic output lowers net imports to zero.

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Oil and Natural Gas – Four Times The Jobs

job growth  oil and natural gas development  oil and natural gas investments  shale energy  keystone xl pipeline  infrastructure 

Mark Green

Mark Green
Posted May 2, 2014

The number of direct jobs in oil and natural gas extraction has grown 7.2 percent since April last year, more than four times the growth rate in all U.S. jobs, according to BLS. The word for that kind of growth – in the midst of an economy still trying to heat up – is wow!

Now, keep in mind that the BLS data line for “oil and gas extraction” covers only part of industry’s upstream (pre-refining) segment. Scroll down a few lines in this BLS table to find direct jobs supporting oil and natural gas operations – such as building and dismantling field rigs, core drilling services, hydraulic fracturing services and much more – and you see dynamic growth there as well, 6.3 percent from April last year through March, the most recent data month available. Wow again.

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Our Energy Choice

shale energy  unconventional gas  unconventional oil  hydraulic fracturing  fracking  economic growth 

Mark Green

Mark Green
Posted April 28, 2014

An infographic that clearly illustrates America’s choice on shale energy: significant economic growth, job creation and generated revenue for government because of continued energy development – vs. lost opportunity in all three areas if development is restricted.

The information is from IHS’ study on the economic impacts of unconventional oil and natural gas development – energy from shale and other tight-rock formations, safely and responsibly produced with advanced hydraulic fracturing and horizontal drilling


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More Reasons to be Bullish on U.S. Energy

crude oil  energy information administration  oil and natural gas access  shale energy  fracking  hydraulic fracturing 

Mark Green

Mark Green
Posted April 11, 2014

Earlier this week the U.S. Energy Information Administration (EIA) blew back a lot of folks’ hair with the high oil-production scenario in its 2014 Annual Energy Outlook – projecting for the first time ever that the net import share of U.S. petroleum and other liquids could reach zero. By 2037. That’s amazing considering that less than a decade ago the import share was nearly 60 percent.

Next from EIA: New data on growing U.S. crude oil and lease condensate reserves – more evidence of the ongoing U.S. energy revolution.

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