Energy Outlook
America’s natural gas is reinvigorating the U.S. petrochemical sector, too
To see how innovation in one industry can open doors in another, take a look at a speech given last week by Steve Pryor, president of ExxonMobil Chemical. We already know that rising U.S. natural gas production is strengthening the economy by creating jobs and tax revenue. But in Steve’s speech, you’ll see it also is providing a big boost to the U.S. petrochemical industry.
Critical energy issues for discussion with Secretary Salazar
Today, Interior Secretary Ken Salazar will appear before a hearing of the House Natural Resources Committee, which comes directly on the heels of his testimony yesterday before the Senate Energy and Natural Resources Committee. Both hearings provide a good opportunity for the Secretary and committee members to discuss some critical issues about energy policy that are getting more and more attention as the situation in the Middle East remains uncertain and gasoline prices remain volatile.
The new energy line-up: Natural gas takes No. 2 spot behind oil
Want to know how much energy the world will need over the next couple of decades and where it will come from? Take a look at ExxonMobil’s newly released Outlook for Energy. There, you’ll find that growing populations, coupled with economic and social progress, mean the world is going to need more energy by the year 2030. And we’ll need a diverse mix of affordable energy sources to meet this demand.
U.S. EIA forecasts growing domestic natural gas supplies – and Americans will benefit
When the U.S. Energy Information Administration (EIA) released its Annual Energy Outlook 2011 last week, growing U.S. shale gas production was the major headline. The upswing of natural gas in general is good news for several reasons: it’s a cleaner-burning fuel for power generation, resulting in up to 60 percent less carbon dioxide emissions than coal; the abundance of domestic gas supplies helps strengthen U.S. energy security; and growing gas production means more jobs and economic activity in states across the U.S. But if you go back only five or 10 years, few would have been talking about these benefits of domestic supplies of natural gas.
U.S. jobs from Canadian energy
As the 111th Congress wraps up its business, it’s time to look ahead – to a new year and, hopefully, to renewed economic opportunities and job growth for our economy. So, I thought I’d spend a little time talking about the opportunity to create hundreds of thousands of U.S. jobs by partnering with our neighbor to the north. Canada not only supplies the largest portion of U.S. oil imports, but its oil sands production also represents a huge opportunity for American job growth.
A trillion-dollar missed opportunity – enough to pay U.S. deficit
On the heels of the Administration’s recent decision to place a de facto moratorium on offshore drilling in the eastern Gulf of Mexico and the Atlantic, we asked readers of today’s Wall Street Journal if they knew how much that decision might cost in terms of lost government revenue.
