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Energy Tomorrow Blog

Energy and Innovation Drive Surging U.S. Production Growth

innovation  technology  fracking  hydraulic fracturing  hydrofracking 

Mark Green

Mark Green
Posted November 7, 2013

U.S. Energy Information Administration (EIA) chief Adam Sieminski recently gave a presentation at Columbia University on the agency’s new drilling productivity report, and the takeaways are significant: The U.S. is in the midst of a remarkable surge in oil and natural gas production from shale and other tight resources. Higher drilling efficiency and new well productivity are the main drivers of production growth. EIA is confident the United States has ample reserves to sustain production growth for the foreseeable future. Sieminski said U.S. shale reserves, unlocked by hydraulic fracturing and horizontal drilling, are the reason for skyrocketing oil and natural gas production – since 2007 for natural gas, 2009 for oil.

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Innovations Make U.S. Energy Development More Efficient, More Productive

american energy  hydraulic fracturing  innovation  technology  keystone xl  ethanol  biofuels 

Mary Leshper

Mary Schaper
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

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America’s Shale Revolution is Providing Economic Lift

american energy  hydraulic fracturing  fracking  Economy  jobs  technology  ethanol 

Mary Leshper

Mary Schaper
Posted October 29, 2013

Op-ed: Exports Bring Myriad Benefits

Houston Chronicle (James Clad): After the Arab oil embargo of 1973, America's energy dependence became the most obvious flaw in our superpower status.

Now, thanks largely to the shale revolution, domestic U.S. oil production is pushing imports to a 25-year low, holding down global prices despite Asian demand and Middle East/North Africa supply disruptions.

While the U.S. seems set to displace Saudi Arabia as the largest oil producer by 2020, our natural gas production has lifted our geopolitical gravitas. Now the world's largest natural gas producer, the U.S. is poised to take a growing profile as a gas exporter.

Read more: http://bit.ly/18zur0R

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Video Update: Anadarko's Lucius Spar Positioned in Gulf

technology innovation  gulf energy production  offshore drilling  oil and natural gas  energy 

Mark Green

Mark Green
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.

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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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