Probably nowhere is the economic impact of shale energy development more dramatic than in the contrast between two neighboring states – Pennsylvania and New York. The former allows hydraulic fracturing in the energy-rich Marcellus shale belt that runs through much of the state, the latter doesn’t – even though the Marcellus continues into the Empire… Keep reading →
While Maryland isn’t among the country’s leading producers of oil and natural gas, the industry’s employment and economic impact in the state is significant. That impact, as measured by a PwC study: 75,400 jobs supported in 2011 (most recent year for which comprehensive data is available), accounting for 2.2 percent of the state’s total employment. Nearly… Keep reading →
The story of the impact of oil and natural gas production story in Ohio is old – and new. Old in the sense the state was one of the country’s earliest producers of oil and natural gas. But also new, because development of the Utica Shale play in the past few years is responsible for… Keep reading →
Last month EPA implemented new gasoline regulations requiring the last microscopic bits of sulfur to be removed from fuel. The Tier 3 standard is likely to hit consumers and burden the economy while providing, at best, negligible benefit. Writing for the Jefferson Policy Journal, Paul Driessen makes a number of important points about the potentially onerous effects of… Keep reading →
On Monday, the U.S. Energy Information Administration (EIA) released a remarkable new projection showing that given certain conditions and with the right policies in place the United States could reach energy self-sufficiency within two decades. It’s the first time EIA has projected that net imports’ share of liquid fuels consumption could reach zero – basically, that domestic production would… Keep reading →
A competitive marketplace is the sowing field for innovation and investment. Look no further than the advanced hydraulic fracturing and horizontal drilling that launched America’s ongoing shale energy revolution. Shale development features cutting-edge technology to increase output and efficiency and to make operations as safe and clean as possible. An example of this can be… Keep reading →
Safe and responsible development of America’s vast oil and natural gas reserves located in shale and other tight-rock formations created the U.S. energy revolution, which continues to this day. Thanks to advanced hydraulic fracturing and horizontal drilling, the U.S. is an energy superpower. The numbers on shale energy, according to the U.S. Energy Information Administration (EIA): 3.5… Keep reading →
The Huntsman Corporation’s Peter Huntsman has this op-ed in USA Today that invokes a poll in which people were asked to respond to these statements: Some say that exporting American natural gas to other countries will increase economic growth, keep thousands employed, and help increase domestic production of natural gas. Others say that American natural gas should… Keep reading →
With winter grudgingly giving way to spring, the guess here is discussion of the flawed Renewable Fuel Standard’s ethanol mandates, higher ethanol-blend fuels like E15 and the “blend wall” will rekindle debate in Congress. Lawmakers must act, because while EPA has proposed lowering ethanol-mandate levels from 2013, the rule still isn’t final (it was due at the end of November last year) and… Keep reading →
This week’s central Gulf of Mexico lease auction, which saw oil and natural gas companies pledge more than $850 million in winning amounts, certainly helps support the United States’ status as an energy superpower. Developing more of our own oil and natural gas – and this week’s auction is a big step toward production – makes our… Keep reading →
