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Energy Tomorrow Blog

Natural Gas: PA Prospers, NY Delays Development

domestic energy  energy resources  energy supply  government revenue  natural gas  new york  pennsylvania  bradford county  susquehanna county 

Jane Van Ryan

Jane Van Ryan
Posted November 2, 2010

The United States is blessed with an abundance of clean-burning natural gas. It provides fuel for industry, power for heating, and chemicals for plastics, medicines and a wide variety of consumer products, such bicycle helmets and hospital supplies, that make Americans safer, healthier, and more comfortable. At the current rate of consumption, it's estimated that the United States has enough natural gas to last about 100 years.

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Michigan Basin Lease Sale

domestic energy  horizontal drilling  leasing  michigan  encana  utica shale  oil and natural gas  revenue 

Jane Van Ryan

Jane Van Ryan
Posted November 2, 2010

The State of Michigan held a lease auction last week, in which leases for nearly 274,000 acres of state lands were awarded to the highest bidders for oil and natural gas development. The sale raised $9.65 million in bonus bids on top of the $178 million offered for leases during the very competitive May 2010 sale. 

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Study: Higher Taxes Lower Energy Production

domestic energy  energy information administration  energy policy  government revenue  taxes 

Jane Van Ryan

Jane Van Ryan
Posted August 17, 2010

Risk is an integral part of exploring for oil and natural gas. There's no guarantee that drillers will find commercially viable amounts of energy. Yet before they begin, they must invest large sums of money to lease the land, get the needed permits, procure the rig, hire workers, and assemble all of the necessary equipment. Sometimes they find energy; other times they drill a dry hole. 

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Energy Development: The Key to Jobs

domestic energy  energy policy  government revenue 

Jane Van Ryan

Jane Van Ryan
Posted February 16, 2010

As we've been saying here for the past several weeks, the oil and natural gas industry could help to pull the economy out of the doldrums if it were allowed to search for and produce more domestic energy. The United States has abundant energy resources, and developing them could create hundreds of thousands of well-paying jobs, send much needed revenues to federal, state and local governments to pay for services, and improve U.S. energy security. 

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A Counterproductive Tax Proposal

domestic energy  government revenue  natural gas  pennsylvania  taxes 

Jane Van Ryan

Jane Van Ryan
Posted January 19, 2010

There's an old adage among economists that says, "If you tax something, you get less of it." Apparently Gov. Ed Rendell of Pennsylvania isn't familiar with that expression. 

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