Energy revolution

Tuesday, May 21, 2013

Energy fact of the day: US oil output surges during the first week of May to the highest level in 21 years

Mark J. Perry | May 8, 2013, 3:43 pm

The Department of Energy reported today that US oil production for the week ending May 3 reached 7.37 million barrels per day, the highest weekly output of crude oil in the US since the first week of February 1992, more than 21 years ago (see … read more >

Carpe Diem

The US technology-driven energy revolution, just not the one expected – Old Energy not New Energy, and it’s just starting

Mark J. Perry | May 5, 2013, 10:11 am

According to data released this week by the Energy Information Administration (EIA) at the Department of Energy: 1) US petroleum imports in March at 9.559 million barrels per day fell to their lowest level in any month in more than … read more >

Carpe Diem

Stagnant middle-class? End of the American dream? Jobless recovery? Not in energy-rich states of PA, ND, and TX

Mark J. Perry | May 2, 2013, 8:56 pm

1. Exhibit A: How The Shale Boom Has Transformed One Rural Pennsylvania County While Susquehanna County, Pennsylvania was heading over a recessionary cliff in late 2008, northeast Pennsylvania began to see the trickle of what would become millions of dollars pouring … read more >

Carpe Diem

Energy milestone: America’s fossil fuel production in 2012 set a new all-time record high

Mark J. Perry | April 25, 2013, 8:12 am

The chart above shows annual fossil fuel production in the U.S. from 1947 to 2012 based on data from the Department of Energy (here and here). After rising above 56 quadrillion BTUs for the first time in 1969, domestically produced fossil … read more >

Carpe Diem

The spectacular rise in ‘Saudi America’s’ oil output in just 4 years to a 21-year high is nothing short of phenomenal

Mark J. Perry | April 24, 2013, 4:51 pm

The Department of Energy reported today that the US produced an average of 7.326 million barrels of oil per day (bpd) last week, reaching a new 21-year record high for domestic oil output (see chart above). The last time that … read more >

Carpe Diem

On Earth Day, let’s appreciate our fossil fuel energy treasures and the human ingenuity that transforms our natural resources

Mark J. Perry | April 21, 2013, 1:07 pm

On Earth Day (April 22), “events are held worldwide to increase awareness and appreciation of the Earth’s natural environment.” As we observe Earth Day this year, it might be a good time to appreciate the fact that Americans get most … read more >

Carpe Diem

Oil shipments by rail have doubled in two years and have helped the revival of a new ‘railroad age’

Mark J. Perry | April 18, 2013, 4:29 pm

The Association of American Railroads released its weekly report today on US rail traffic. For the week ending April 13, US railroads shipped 17,913 carloads of crude oil, an increase of 51.2% compared to the same week last year. Year-to-date, more … read more >

Carpe Diem

North Dakota resumes record-setting oil output in February as the state quietly becomes an ‘economic hot spot’

Mark J. Perry | April 16, 2013, 12:13 pm

New monthly oil production data released today by North Dakota’s Department of Mineral Resources show that the Peace Garden State resumed its record-setting oil production in February, following several weather-related declines in oil output in both November and January. For the seventh month in a … read more >

Carpe Diem

Energy fact of the day: US oil output is close to a 21-year high

Mark J. Perry | April 10, 2013, 4:00 pm

The Department of Energy reported today that US oil production for the week ending April 5 reached 7.181 million barrels per day, the highest weekly output of crude oil in the US since the first week of July 1992, almost … read more >

Carpe Diem

Energy updates, including a new estimate that the US has a 110-year supply of natural gas

Mark J. Perry | April 9, 2013, 9:20 pm

1. John Authers of the Financial Times reports that one considerable reason for optimism in the US is the revolution in the supply of natural gas, which has changed the dynamics of many industries. 2. Take the National Geographic’s “Coal … read more >

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