President Reagan once said, “The nearest thing to eternal life we will ever see on this earth is a government program.” The omnibus budget package being negotiated on Capitol Hill is a perfect example.
Tagged: natural gas
President Barack Obama put the final nail in the Keystone XL Pipeline’s coffin by formally rejecting the permit for the transnational pipeline that would have carried crude oil produced in Canada south to refineries on the Gulf Coast. The president’s decision was not based on science but on politics, predicated specifically on political posturing for the COP-21 climate conference in Paris, France.
It is important to note that falling oil prices create economic costs as well as benefits. But The Badger Herald article would have benefited from a discussion of the good that comes from lower prices, and it relies on a quote from Bill Davis of the Wisconsin Sierra Club that presents some inaccurate statements about the environmental impact of hydraulic fracturing.
Thanksgiving is nearly upon us, and many of us will spend time with our families eating too much food and strategically waiting for couch spots to open up so we can sneak in a quick catnap when our unsuspecting relatives abandon their posts for another slice of pie. It’s a time when we are thankful for the friends, family, and food. We should also be thankful for fracking. Although many people may not know it, fracking has lowered the cost of energy and other goods and services, makes America more energy-independent, and it is done in an environmentally responsible way.
In today’s edition of the Heartland Daily Podcast, Michelle Smith, organic farmer and expert in royalties law joins Research Fellow Isaac Orr to discuss what royalties are, the impact they have on local economies, and how they help families chase their dreams of financial stability.
(Part 2) In this two-part edition of The Heartland Daily Podcast, Jessica Sena and research fellow Isaac Orr give the listeners an update on the state of fracking at the federal level, and how these rules are affect oil and natural gas production.
In this two-part edition of The Heartland Daily Podcast, Jessica Sena and research fellow Isaac Orr give the listeners an update on the state of fracking at the federal level, and how these rules are affect oil and natural gas production.
It turns out disposing of hydraulic fracturing wastewater may not be to blame for the earthquakes in Oklahoma after all. A new study conducted by seismologists from Stanford University confirms the widely held belief that injecting large volumes of fluid into underground disposal wells is likely responsible for most of the recent quakes in Oklahoma. The study also found the source of the vast majority of this fluid is unrelated to hydraulic fracturing.
President Barack Obama recently made headlines in Nevada by promoting the “progress” his administration has made in promoting solar power and fighting climate change. Most media outlets conveniently forgot to mention one crucial fact: Without government mandates, subsidies, and sweetheart deals, the sun would quickly set on Obama’s solar empire.
Congress has taken action that actually advances free markets and limits government intrusion. I was in the room when, on September 17, the House Energy and Commerce Committee—with bipartisan support—advanced legislation to lift the 1970s-era ban on crude-oil exports. HR 702, “To adapt to changing crude oil market conditions,” is expected to receive a full floor vote within a matter of weeks.
Germany and the United States are embarking on two drastically different energy policies, and these countries are reaping dramatically different results. In Germany, the government devised a top-down plan called Energiewende, a term meaning “turn” or “revolution,” intended to make Germany the renewable-energy center of the world. The United States has experienced its own energy revolution thanks to hydraulic fracturing, also known as “fracking,” which has transformed our nation into the largest producer of oil and natural gas in the world in spite of, not because of, the federal government.
In today’s edition of The Heartland Daily Podcast, research fellow Isaac Orr speaks with Katie Brown. Brown is a contributor to the Energy In Depth blog – a publication which focuses on “getting the facts out about the promise and potential of responsibly developing America’s onshore energy resource base.” Brown joins Orr to discuss the Obama administration’s new regulations which seek to reduce methane emissions.
U.S. households are saving hundreds of dollars a year because natural gas prices are low, but that’s about to change. A study by NERA Economic Consulting has found new regulations on power plants mandated by the Environmental Protection Agency’s Clean Power Plan (CPP) will increase natural gas prices to 2007 levels, virtually guaranteeing these savings will soon be wiped out.
The Environmental Protection Agency’s new Clean Power Plan (CPP) requires that states reduce their electric utility sector carbon dioxide emissions an average of 32% below 2005 levels by 2030. EPA twisted 80 words in the Clean Air Act into 1,560 pages of regulations (plus appendices) demanding that utilities return CO2 emissions almost to 1975 levels, while our population grows by 40 million.
Sand from the upper Midwest is coveted for hydraulic fracturing. It is the right size, shape and cleanness (almost pure quartz). It is also highly resistant to crushing under immense pressure, acting as a network of pillars (think of the Parthenon) keeping open the tiny fissures made in the rock in the process of hydraulic fracturing, allowing the oil and natural gas to flow up from the rock deep underground.
Imagine you’re hiking through the foothills of the Appalachian Mountains in rural Pennsylvania. The Sun is shining, the birds are chirping, and more than a mile below the ground you stand on is a network of natural gas wells producing vast quantities of natural gas. At the surface, you’d never know it. This is the advantage advances in horizontal drilling technology have brought to the table, dramatically increasing natural gas production in the United States while greatly reducing the surface footprint of drilling operations.
In today’s edition of The Heartland Daily Podcast, Research Fellow Isaac Orr speaks with Holly Bellmund. Bellmund is president of Proppant Today LLC, a media, research and consulting company providing best-in-industry thought leadership into proppants and its effect within the unconventional oil and gas industries. Bellmund joins Orr dive into the workings of proppants and their uses in fracking.
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Ron Muhlenkamp. Muhlenkamp, an investment manager and small farmer, has degrees in engineering from MIT and business from Harvard. Burnett and Muhlenkamp examine the virtues of natural gas as an energy source.
Six of the largest oil companies in the world, all from outside the United States, have released a joint statement to the United Nations calling for governments to impose a global “price on carbon” by levying a tax or fee on the carbon dioxide emissions generated by power plants. Liberal groups have been fawning over the news, trumpeting that “Big Oil” has taken up the mantle of fighting climate change. Those groups are overlooking – or more likely intentionally ignoring – the fact this announcement is nothing more than classic cronyism, not a sudden concern for the climate.