According to a recent report by Natural Gas Intelligence, U.S. natural gas available for production “has jumped 58% in the past four years, driven by improved drilling techniques and the discovery of huge shale fields in Texas, Louisiana, Arkansas and Pennsylvania, according to a report issued Thursday by the nonprofit Potential Gas Committee (PGC).” The [...]
The oil import numbers for June 2009 are in and they reflect no improvement in the percentage or amount of oil the United States in importing. Oil independence is critical as it is a threat to not only economic security, but also national security. The numbers are based on the latest figures from the U.S Department of [...]
12:29 pm | Posted in
Natural Gas |
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Study reports “direct use” of natural gas saves energy costs and reduces greenhouse gas emissions. The American Gas Association (AGA) today called attention to a recent study by the Gas Technology Institute that reports the increased “direct use” of natural gas in businesses and homes will reduce national CO2 emissions, energy consumption and consumer energy costs. Direct [...]
It’s plausible to argue that oil, the world’s most important commodity, will contribute to another U.S. recession, as it did in 1973-74, 1979-80, and 2008-09. So you have to ask if there is another fossil-based energy source that can weaken, if not break, oil’s grip on the U.S. economy? Natural gas has a chance, if [...]
Did you know that America’s oil and natural gas producers account for the federal treasury’s second largest revenue source (with personal and corporate taxes being number one)?? Have a look at the below video from Energy in Depth about oil and natural gas in America and see why we can not live without these fuel [...]
9:47 am | Posted in
Natural Gas |
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T. Boone Pickens says the United States cannot continue importing 70 percent of the oil it uses. On July 8, 2008, oil prices were in the range of $140 a barrel, the economy was showing its first cracks of weakness and both major political parties had effectively chosen their nominees — yet no one was [...]
9:02 am | Posted in
Natural Gas |
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Just two days ago, energy baron T. Boone Pickens said the plans for the world’s largest wind farm in the Texas Panhandle were scrapped, and he’s looking for a home for 687 giant wind turbines. Pickens has already ordered the turbines, which can stand 400 feet tall—taller than most 30-story buildings. “When I start receiving [...]
8:43 am | Posted in
Environment |
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July 8th, 2009 marks the one-year anniversary of T. Boone Pickens’ Energy Independence Day. What’s the goal? It is energy independence for our great nation by relying on the natural treasures we already have in abundance. To hear energy futurists talk, you might think Americans are driving around with windmills on their car powered by [...]
A blog post called, “Drill Bits: Rig Count Picks Up Again. Why?” on the Wall Street Journal website by Ben Casselman speculates on why the number of active rigs is up for the third week in a row. Drill Bits: Rig Count Picks Up Again. Why? Sure, oil prices aren’t anywhere close to last year’s [...]
12:11 pm | Posted in
Natural Gas |
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Oil and Gas Investor placed a blog posting up yesterday that got my attention. It was in follow up to a natural gas cover story called “Building Gas Demand,” by Porter Bennett. The blog posting highlights Bennett’s opinion that “based on current supply forecasts, that the Nymex price for natural gas may one day no [...]
10:06 am | Posted in
Natural Gas |
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