Shale gas | AEIdeas

Thursday, May 23, 2013

America’s energy revolution is taking us from ‘resource scarcity’ to a new era of ‘resource abundance’

Mark J. Perry | May 23, 2013, 12:04 am

From today’s op-ed in the New York Times titled “When America Stops Importing Energy” by Ian Bremmer and Kenneth Hersh: You’ve probably heard by now about the American energy revolution. Breakthroughs in drilling technology have opened access to enough new … read more >

Carpe Diem

Despite a disappointing report on April industrial production, the oil and gas sector is booming and reached a 40-year high

Mark J. Perry | May 15, 2013, 10:31 am

Today’s report from the Federal Reserve on industrial production in April was below expectations and generally disappointing, here’s how Bloomberg reported it: Industrial production declined in April by the most in eight months, reflecting broad-based cutbacks in U.S. manufacturing that … read more >

Carpe Diem

IEA: Supply shock from North American shale oil and gas is transformative and is rippling through global markets

Mark J. Perry | May 14, 2013, 6:36 pm

From the International Energy Agency’s press release today: The supply shock created by a surge in North American oil production will be as transformative to the market over the next five years as was the rise of Chinese demand over … 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

Market forces and fracking have created wealth and jobs

Mark J. Perry | April 15, 2013, 10:55 am

From Conn Carroll in today’s Washington Examiner: There has been a transformation of American energy production under Obama, but it has happened despite his policies, not because of them. No union/environmentalist central planner set out to create hundreds of thousands … read more >

Carpe Diem

America is producing more natural gas today with fewer than 400 active rigs than in 2008 with more than 1,600 rigs

Mark J. Perry | April 2, 2013, 6:19 pm

Baker-Hughes, one of the world’s largest oilfield services companies, releases data every Friday on rig counts for the oil and gas industry in North America, with detailed breakdowns by active rigs per US state, by the split between oil and … read more >

Carpe Diem

Energy news: Middle East has changed forever, New Mexico may be the next US oil boom, and two more big Gulf finds

Mark J. Perry | March 31, 2013, 7:51 pm

1. According to William Jacobson at the Legal Insurrection blog, “Yesterday the Middle East changed forever, and you didn’t know it.” Reason? Here’s how The Times of Israel explains it: Natural gas from the offshore Tamar field was pumped to … read more >

Carpe Diem

The harsh reality of life in the UK without shale gas and with a misguided faith in green energy

Mark J. Perry | March 25, 2013, 10:02 pm

While inflation-adjusted natural gas prices for US consumers in December (most recent month available) were the lowest in more than a decade (since 2001) thanks to our abundance of plentiful shale gas, it’s a much different story in the UK … read more >

Carpe Diem

Saudi America’s oil and gas revolution is providing a $1 billion per day stimulus to the US economy

Mark J. Perry | March 25, 2013, 11:39 am

From my op-ed in Sunday’s Washington Examiner: America’s innovative use of energy technology by “petropreneurs” is rejuvenating oil and gas production. Thanks to the combination of hydraulic fracturing and horizontal drilling in shale deposits, along with advances in seismic imaging that … read more >

Carpe Diem

US gas rigs have decreased by 75% since 2008 and yet gas production has increased to record high levels

Mark J. Perry | March 20, 2013, 5:49 pm

The amazing chart above shows how the number of active natural gas rigs in the US has fallen from an all-time high of 1,606 in September 2008 to only 407 in early March of this year, a drop of 75% according … read more >