Recent Posts
Not-so-idle leases
The Interior Department recently published a report suggesting that the oil and gas industry is sitting on leases and limiting production of U.S. oil and natural gas resources. If that sounds familiar, it’s because the administration issued essentially the same report about a year ago. The numbers released this year are a little different, but unfortunately it’s hard to escape the same conclusion that many drew from last year’s report – that is, it exists to offer a rationale as to why more U.S. lands should not be opened up to responsible energy development.
Eagle Ford Shale economic data show the potential of U.S. shale plays
“…an economic opportunity of a lifetime.” That’s how Mario Hernandez, president of the San Antonio Economic Development Foundation, describes the advances in technology that have led to a boom in oil and natural gas production in his city and the counties in south central Texas that sit atop the Eagle Ford Shale play. Hernandez’s comments are found in a new study, “Economic Impact of the Eagle Ford Shale,” produced by the Center for Community and Business Research at the University of Texas at San Antonio. If you read this study, you’ll see Hernandez is not exaggerating; the economic benefits of Eagle Ford Shale development – in terms of jobs, economic activity and revenue to state and local governments – are significant.
Politics, not good science, at play in Vermont
As you may have read, Vermont’s political leaders have decided to ban hydraulic fracturing. This action is a product of media hype, poor science, and politics – given that Vermont has little or no proven natural gas reserves, and therefore little incentive to apply hydraulic fracturing technologies there. Interestingly, the state’s decision to ban hydraulic fracturing directly contradicts the very principles Vermont lawmakers had articulated just last year.
Power from garbage and other innovations are helping cut energy use and emissions
A Senate Environment and Public Works subcommittee hearing today featured executives from several companies who have made investments in their operations to reduce energy use and emissions. It’s no surprise that such investments not only help protect the environment, but also help a company’s bottom line. At a company like ExxonMobil, with large and complex operations around the world, the benefits of such investments are significant – saving energy, emissions and costs. So I thought I’d share a few examples of our successful projects around the globe.
