Former EPA Chief Carol Browner’s Energy Industry Outlook for 2014
Do you sense a shift in the mindset because of natural gas? There feels like a real manufacturing renaissance. One of the things to watch for is the development of shale gas elsewhere. Mozambique appears to have a big find. There are others. Are we headed toward a glut? I don’t know.
Is Keystone XL dead? The concern is the extraction of the tar sands. The pipeline happens to be the vehicle for moving it. But the real concern is, why are we taking an energy source out of the ground that requires so much energy just to get it?
Coal regulations on the hill this past week
The Committee on Natural Resources met in open session on November 14, 2013, to consider the following bills:
H.R. 1308 (Hastings of WA), To amend the Marine Mammal Protection Act of 1972 to reduce predation on endangered Columbia River salmon and other nonlisted species, and for other purposes (Endangered Salmon and Fisheries Predation Prevention Act).
Bakken is About to Join the Million-a-Day Club
“For those of you who didn’t grow up on a farm like I did, a horse running ears back is just going all out,” Hamm said. “So you need to hang on pretty tight.”
Another U.S. oil field, the Eagle Ford Shale in South Texas, hit the million-barrels-a-day milestone in May of this year, according to the EIA data. The Permian Basin — the massive field in Texas that’s been the foundation for U.S. oil production for decades – got there in May 2011.
T. Boone Pickens says without Keystone, Canada will send oil to China
But Pickens warns that the Canadians won’t wait forever.
“Canadians are patient people but the way this is going to come out, unless we can make up our mind, when that thing turns west out at Fort McMurray, the pipeline does, it’s heading to China,” Pickens said. “That line can go west just as easy as it can go south to us. We fool around here we lose 250 billion barrels of oil.”
US oil output beats imports for first time in 18 years
In October, US crude oil output averaged at 7.7 million barrels per day (bpd).
The EIA says it expects output to exceed 8.8 million bpd by 2014.
The domestic oil boom has been due mostly to fracking, a new technique used to get oil from shale deposits in locations like North Dakota and Texas.