A December, 2013 report quantifies the significant potential benefits to US and North Carolina economies that would stem from opening the Atlantic outer continental shelf to oil and natural gas exploration.
One of the biggest economic stories relating to U.S. shale development is the rebirth of domestic manufacturing. Abundant and affordable supplies of natural gas and its associated liquids, which manufacturers use as a feedstock for the products they create, have made the United States one of the lowest cost countries in which companies can invest.
To educate key local elected officials about offshore development, the South Carolina and North Carolina Energy Forums, in conjunction with the Myrtle Beach Area Chamber of Commerce, hosted a "Coastal Leaders Offshore Energy Conference" in Myrtle Beach.
North Carolina's fracking commissioners said Friday that fracking is so inherently safe that they will recommend relaxing the standard by which operators will have to test local well water before they begin drilling for natural gas.
he chairman of the commission establishing rules for natural gas drilling in North Carolina said Thursday that he wants more details from state environmental regulators about why they turned down a federal grant to test water supplies before drilling begins.
California Governor Jerry Brown, preparing the state for development of the largest shale-oil reserves in the U.S., signed into law regulations for hydraulic fracturing, or fracking, a process that has been criticized by environmental groups.
The economic and employment contributions from U.S. unconventional oil and gas production are now being felt throughout the U.S. economy, increasing household incomes, boosting trade and contributing to a new increase in U.S. competitiveness in the world economy, a new study by IHS finds.