It has taken a couple of years for the energy industry to acknowledge a new reality: Natural gas availability is soaring in contravention of forecasting models that have been in use for decades, and the fuel is set to transform everything from power generation and transport to chemicals and even the trade deficit.
The United States will overtake Saudi Arabia to become the world's biggest oil producer before 2020, and will be energy independent 10 years later, according to a new forecast by the International Energy Agency.
Across America's widening energy landscape, the economic impacts of unconventional oil and natural gas are increasingly discernible. These effects are visible within the energy value chain and are extending into the broader reaches of the US economy. The focus of this research series is to assess the evolving economic contributions of unconventional oil and natural gas development activity. This study seeks to quantify how unconventional activity creates economic value in the broader economy through an examination of the exploration and production activity.
TransCanada has proposed to Nebraska officials a new route for the U.S. segment of its Keystone XL pipeline that avoids the Ogallala Aquifer and the Sandhills region in Nebraska. "The identified route, along with our commitment to implement additional safety requirements above and beyond those required for any other pipeline, ensures the protection of Nebraska's resources," said Russ Girling, TransCanada's president and CEO. TransCanada submitted the revised route plan to the Nebraska Department of Environmental Quality.
Even with much of the Gulf of Mexico's energy production shut down as Hurricane Isaac approached the region earlier this week, the natural-gas market barely blinked -- and that’s exactly what analysts said would happen.
Harris Interactive conducted a poll and found 71% of American voters favor increased access to U.S. oil and natural gas resources and 92% say energy security and producing at home more oil and natural gas is an important issue this election.
TransCanada has a permit, but not for the larger portion of Keystone, which would transport Canadian oil sands from Alberta.
After decades of rising prices, hostile foreign suppliers and warnings that Americans will have to bicycle to work, the world faces the possibility of vast amounts of cheap, plentiful fuel. And the source for much of this new supply? The U.S.
