Energy Security
LNG forum highlights international benefits of growing trade
A forum on Capitol Hill highlighted the energy security benefits of expanding global LNG trade by way of U.S. natural gas exports.
Shale’s competitive advantage; a tale of two continents
As recently as 2011, North America and Western Europe each produced the same amount of basic chemicals and plastics: about 30 million tons apiece. When it came to petrochemical production, the two regions were matched fairly evenly. But not for long. By 2020, North American output will more than double to 70 million tons, while in Europe it will shrink by fully one-third.
Measuring Mitchell’s legacy
Hydraulic fracturing pioneer George Mitchell was worth roughly $2 billion when he died. That’s an extraordinary amount of money. But it pales in comparison to the amount of new wealth created every year as a direct consequence of the shale energy revolution that George Mitchell helped bring into existence.
Production up on private lands, down on federal lands
“We have increased oil production to the highest levels in 16 years,” says President Obama. “Natural gas production is the highest it’s been in decades.” While technically true, those statements do a poor job of telling the investment and innovation story behind hydraulic fracturing.
Punting on the renewable fuels “blend wall”? Block that punt.
With football season almost upon us, perhaps it’s not surprising the Obama Administration chose to punt last week when it had a chance to temporarily fix the Renewable Fuels Standard debacle I described not long ago.
IHS CERA and State Department agree on Keystone XL emissions
A new study from IHS CERA shows that building the proposed Keystone XL pipeline would not add to greenhouse gas emissions, confirming a key point in the State Department’s draft environmental review of Keystone XL about potential emissions increases from going forward with the $7 billion project.
