For the first time in history, the U.S exported more petroleum products to overseas markets than it imported in October, according to the Energy Information Administration’s recently-released “Short-Term Energy Outlook” It represents an historic shift as the United States solidifies its role as an oil and natural gas powerhouse that’s able to provide for its
Read More...The U.S. energy revolution that’s taken place since 2000 catapulted the country to become the global leader in petroleum, including oil, and natural gas production in 2018, according to a recent report from the Energy Information Administration: “Last year’s increase in the United States was one of the largest absolute petroleum and natural gas production
Read More...The U.S. shale revolution has led to strong economic growth, reduced air emissions, and falling prices for American consumers. It’s also helped the United States become one of the largest exporters of liquified natural gas in the world. The United States has seen LNG exports skyrocket since the first shipment left the lower 48 states
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Natural Gas NOW readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. It Doesn’t Fit, So You Must Quit Pennsylvania’s Department of Conservation and Natural Resources just spent your tax
Read More...Horizontally drilled wells now account for 96 percent of U.S. oil production from shale formations, as well as about 97 percent of shale gas production – up from 15 percent and 14 percent, respectively, in 2004 – according to a report from the U.S. Energy Information Administration. Horizontal drilling, used in conjunction with hydraulic fracturing
Read More...The United States – currently the third largest exporter of liquefied natural gas – will surpass Australia and Qatar to become the world’s largest exporter of LNG within five years, according to a recent International Energy Agency report. The United States Will Continue to Rapidly Grow Its LNG Exports. The United States exported nearly 1.6
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Our readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. No New Natural Gas for Westchester Until 2023, Huh? And, this was prior to Andrew Cuomo denying water quality certification
Read More...Dramatic growth in American energy production has reshaped world energy markets over the past few years. U.S. shale oil – which was the world’s most expensive oil resource a mere four years ago – is now the second most affordable source of new oil supply globally, trailing only the giant onshore oil fields of the
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Our readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Lansing Town Board Deals with Looney Lansing Moratorium Our buddy Jim Willis picked up on this crazy story about the
Read More...Iran’s oil minister last week warned Opec is “likely to collapse” because some members of the 14-nation group are working against their fellow producers, Kallanish Energy learns. It’s not hard to figure out the comments referred to Saudi Arabia and the United Arab Emirates. When U.S. Secretary of State Mike Pompeo first announced sanction waivers
Read More...Tom ShepstoneShepstone Management Company, Inc. . … Exports contribute to the our economy in numerous ways and natural gas exports just keep rising, bringing aconomic development to both rural and urban areas. Natural gas exports are growing and rapidly. Our natural gas is finding its way to Canada, Mexico and around the world with benefits
Read More...The United States set a new record and exported 112,000 barrels per day (b/d) of fuel ethanol in 2018, according to the Energy Information Administration. For the ninth consecutive year, the U.S. exported more fuel ethanol than imported. While exports surpassed the previous record of 91,000 b/d set in 2017, imports of fuel ethanol decreased
Read More...... … … There’s no excuse for what Germany has done to itself. It is now boxed in, with but two alternatives; Russian gas or our LNG. They should choose wisely. The European Union (EU) has realized natural gas will have to complement intermittent renewable sources like solar and wind in order for European nations
Read More...Tom ShepstoneShepstone Management Company, Inc. Some states just can’t get their energy acts together. Plagued by political correctness, urban states tilt at windmills while Pennsylvania heats their homes. Pennsylvania is, sadly, bordered on three sides by hopeless urban states (Maryland, New Jersey and New York) that can’t shoot straight when it comes to energy.
Read More...... … … U.S. energy exports are growing in a big way and are already leading to U.S. energy dominance, a result thought impossible by many until the shale revolution. The International Energy Agency’s (IEA) five-year outlook expects that the United States will overtake Russia and potentially Saudi Arabia as an oil exporter by 2024. The U.S. shale
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