If you had the ability to have clean, reliable energy delivered to your house at an affordable price, would you do so? Of course you would. And the good news for millions of Americans who use natural gas is that their monthly bills are about to get even easier to pay…
According to most geologists, shale has been a natural geological feature of the earth’s outermost crust for about two billion years now, give or take a couple hundred million. But would you believe it? In all that time, the word “shale” had never been mentioned in a State of the Union address…
It was touted by their PR consultants in a media advisory sent around this week as “a major new paper” in response to the mountain of criticism that has accumulated since the release of their initial study last April (that is, after the first one the year before was retracted).
A new report from the Bipartisan Policy Center’s Energy Project — co-chaired by former Senators Byron Dorgan (D-ND) and Trent Lott (R-MS) — reveals what many of us have known for some time: the development of natural gas from shale is a boon for job creation and is generating enormous benefits for consumers in the form of lower energy costs.
Just a month ago, EID reported on the IHS CERA study commissioned by our colleagues at America’s Natural Gas Alliance (ANGA) on the direct savings for the American consumer because of domestic shale development. The report found that lower natural gas prices would save every American household an annual average of $926 in disposable income between 2012 and 2015 as a result of low natural gas prices. Today, we are back with more good (and early) news.
By now we all know that the development of American energy resources from shale remains a major economic engine for our country, responsible for hundreds of thousands of jobs across the nation. But another important (and under-told) benefit of the “shale revolution” is its role in resuscitating America’s previously declining manufacturing base…
With EID programs currently up and running in both Pennsylvania and Ohio — and having great, collaborative relationships with our friends in West Virginia as well — it’s fair to say that EID is more than a little bit conflicted when it comes to our institutional position on where Shell should build its new $2-billion ethane-fed cracker facility among the several sites currently under review throughout the three-state region.
On Tuesday, over 500 people attended five separate press conferences held throughout New York State with a single purpose—to support the development of natural gas from shale in New York. The lead press conference was held at the Capitol Building in Albany, where the Joint Landowners Coalition of New York presented over 11,000 letters of support to the state Department of Environmental Conservation (DEC).
As you might recall, news reports over the past year have highlighted how once and future Russian president Vladimir Putin, a former KGB agent, is trying to undermine the development of oil and natural gas from shale, rightly regarding these massive new supplies of energy as a direct and growing threat to his hegemony in the region. And now it appears that the revolutionary offspring of the Soviet Union — Fidel Castro’s Cuba — is also joining the ranks of opposition to shale development.
It’d be easy to analogize the small group of analysts who continue to believe the world is imminently running out of oil and natural gas to the stranded Imperial Japanese soldiers who, upon being discovered in the jungles of Guam and Indonesia in the 1970s, refused to accept that the second World War had decades earlier come to a close.
Having reviewed the thorough responses to the recent Ohio State Utica jobs report posted on this site this week by Dr. Kleinhenz and EID’s Mike Chadsey, I’m not certain there’s much more for me to add. But I did want to take just a moment to share a few initial thoughts, particularly given the OSU researchers’ frequent citation of the updated report we released earlier this year characterizing what we expect will be significant economic gains as a result of continued Marcellus development in Pennsylvania.
I appreciate the opportunity to briefly respond to the paper issued last week by researchers from Ohio State’s Dept. of Agricultural, Environmental, and Developmental Economics.
It’s a tired refrain (and demonstrable fiction) used incessantly by opponents of responsible shale development in their press releases and fundraising pleas: The industry, they claim, is unregulated. But for those of us interested in facts, we know better. And news this week from Colorado and Texas provides yet another example of how states are doing a more than adequate job in regulating the industry: both states’ primary regulatory bodies overseeing oil and gas development moved forward with rules requiring disclosure of fluids used during hydraulic fracturing.
It is by now an impossible-to-deny fact that the responsible development of American energy resources from shale is an extraordinary… Keep Reading »
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Brian Carpenter EID Guest Columnist; Sturgis, S.D. Sturgis, South Dakota sits on the northern end of the… Keep Reading »
Jerry Simmons Executive Director, National Association of Royalty Owners As the Executive Director of an organization that represents the… Keep Reading »
A comprehensive study released this month brings some much-needed clarity to the ongoing – and increasingly, national — discussion over… Keep Reading »
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Folks in Dimock have had enough. They are, in fact, declaring “Enough Is Enough” and starting to speak out against… Keep Reading »
For those not aware, the town of Dimock, Pennsylvania has become a proverbial lightning rod in the ongoing efforts of… Keep Reading »
Try as some folks might, it’s just getting tougher and tougher to avoid/ignore/deny the reality of responsible shale development qua… Keep Reading »
Sprawling piece on natural gas development in SWPA lands in NYT Sunday Mag; EID sorts through the data that NYT’s… Keep Reading »
Hydraulic fracturing and extensive shale reserves are continuing to provide good news for America’s economy. In Oklahoma, the Chairman of… Keep Reading »
This week Michael L. Krancer, Secretary of the Pennsylvania Department of Environmental Protection, traveled to Washington, D.C. to give testimony… Keep Reading »
Organization committed to stopping hydraulic fracturing suggests real jobs created by real economic activity do not exist. It’s one thing… Keep Reading »
It’s one of those places on the map to which very few people have actually been, but of which very… Keep Reading »
Key advisory board acknowledges important progress made by industry and local officials with respect to the safe development of shale… Keep Reading »
Another day, another misrepresentation of natural gas in the New York Times. As you know, we’ve spent considerable time debunking… Keep Reading »
New study finds Louisiana leads the country in crude oil production, generating outsized economic benefits for the state. We’ve pointed… Keep Reading »
For two new reports linking earthquakes and shale gas production, there’s more than meets the eye. There have been countless… Keep Reading »
John F. Spall Attorney-at-Law I have been in private practice as a real estate attorney in Northeastern Pennsylvania for more… Keep Reading »
New poll finds Maryland voters, like their neighbors in New York and Pennsylvania, want to participate in the shale gas… Keep Reading »
Maryland joins Carnegie Mellon, Wood Mackenzie, and even U.S. Dept. of Energy in locating gaping holes in Howarth/Ingraffea paper Earlier… Keep Reading »
NYT worries that banks won’t lend to folks with oil and gas leases; EID explains why those fears are unfounded… Keep Reading »
With billions of dollars in new investments and global interest soaring, the shale revolution is here to stay. Shh…don’t tell… Keep Reading »
Today, National Public Radio’s Morning Edition highlighted the remarkable impact that responsible shale development is having on American manufacturing, filing… Keep Reading »
US Sen. Jeff Bingaman (D-NM), Energy & Natural Resources Committee Chairman “In recent years, a number of factors have raised… Keep Reading »
Shale oil development in places like North Dakota means ‘OPEC’s days are numbered,’ but federal regulators pursue alternative future with… Keep Reading »
