Energy Technology
An award-winning performance in reducing emissions
The drop in GHG emissions over the last two decades is an environmental success story, with a number of characters playing significant roles. As it happens, the lead role has been turned in by the oil and natural gas industry.
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.
Who wouldn’t like an extra $1,200?
Twelve hundred dollars. According to a new study, that’s how much money the average American family gained in discretionary income last year as a consequence of the shale energy revolution.
Policies matter too
“If you want to understand how to create jobs – not just a few at a time, but hundreds of thousands at once – look to Texas and North Dakota,” writes Derek Thompson in The Atlantic.
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.
Oil production: One more thing that’s bigger in Texas
It’s often said that everything’s bigger in Texas. These days, that couldn’t be truer with respect to oil production in the Lone Star State, where output has doubled in just a little more than two years. May saw the highest daily output the state has experienced since April 1982.
