Hydraulic fracturing is a proven, safe technique that has been used since 1949 in over one million wells right here in the U.S. As a result, America is now the number one producer of natural gas in the world, and by 2015, it is expected that we will take the top spot in crude oil… Keep reading →
It looks like a pretty solid national jobs report for June, with the 288,000 positions that were added exceeding the hiring rate over the year’s first five months and unemployment dipping to 6.1 percent. That’s a good story. There’s an even better one deeper in the Labor Department data: The oil and natural gas industry and its supporting… Keep reading →
Texas, North Dakota and Pennsylvania Lead U.S. Energy Surge Forbes (David Blackmon) – As we prepare to celebrate our nation’s Declaration of Independence on Friday, it would also be appropriate to take a moment to celebrate those states who are currently leading our nation down the path towards energy independence. No issue facing America today… Keep reading →
Allowing Exports of Crude Oil Would Boost the Economy Washington Post Editorial: Quietly but wisely, the Commerce Department has decided to allow the first exports of U.S. crude oil since Congress imposed a ban on such sales (except to Canada) in the 1970s. To be sure, the agency’s ruling amounts to redefining crude in a way that applies… Keep reading →
Loveland Voters Strike Down Fracking Moratorium Coloradoan: Loveland voters on Tuesday struck down a proposed moratorium on hydraulic fracturing, a controversial oil and gas extraction process that has been restricted in several cities along Colorado’s Front Range. More than 20,000 ballots were cast, but ultimately the moratorium failed by about 900 votes, said city spokesman… Keep reading →
Let’s make a couple of points with the juxtaposition of the newest U.S. report on energy production on federal lands and a pair of new analyses people are talking about this week. First, there’s this piece by the Manhattan Institute’s Jared Meyer on the Real Clear Energy website, asserting that surging U.S. crude oil production is playing… Keep reading →
Almost half of 2014 is behind us, and yet EPA still hasn’t finalized the ethanol requirements for this year. This is not a recipe for predictability and reliability in the gasoline markets, and the administration’s inability to meet the congressionally-mandated deadline of November 30th is a clear example of how unworkable the RFS is. Given… Keep reading →
BP Says Oil Price at its Most Stable Since Early 1970s FT.com – Despite jitters over Iraq, the price of oil is at its most stable since the early 1970s, as a huge increase in US oil production offsets massive disruptions to supply from places such as Libya, according to BP. Christof Rühl, group chief… Keep reading →
Having read the U.S. National Energy Technology Laboratory (NETL) report, “Life Cycle Greenhouse Gas Perspective on Exporting Liquefied Natural Gas from the United States,” published on May 29, 2014, we are puzzled by the skewed conclusions reached by the Washington Post: “That U.S. exports of LNG to China could end up being worse from a… Keep reading →
More data from the U.S. Energy Information Administration (EIA), pointing toward American energy self-sufficiency: The agency reports domestic energy production accounted for 84 percent of total U.S. energy demand in 2013, a ratio last seen in the early 1990s. EIA: The portion of U.S. energy consumption supplied by domestic production has been increasing since 2005, when it was… Keep reading →
