The American Petroleum Institute (API) released a new report last week that discusses the long history of hydraulic fracturing in the United States and forecasts the outlook for the future. Spoiler alert: the best may be yet to come.
The Trump administration is seeking permission to use seismic air guns to find oil and gas formations deep underneath the Atlantic Ocean floor, a reversal from the Obama administration that is outraging environmental groups and some East Coast lawmakers.
Topic of discussion in link between national security and energy security, on North Carolina Coastal Daybreak with Ben & Mandy (WTKF 107 FM, WJNC 1240 AM)
Last week the Energy Information Administration reported that retail gasoline prices heading into Memorial Day weekend averaged $2.40 per gallon nationally.
America's natural gas is flowing out of the country at a record pace, helping to ease a supply glut at home while tumbling prices for the fuel entice overseas buyers.
Although the figure is equivalent only to the output of a mid-sized field, it sends a powerful signal about the United States' decreasing need for imports as its own production reaches new highs.
Think about energy. It's all around us - in fuels and products that make life better, more comfortable. This American Petroleum Institute document breaks it down into 15 different topics.
Although the S&P 500 Index was already up for the week, despite losses in the energy sector, a bounce in crude oil and natural gas at the end of the week helped the broad market index hit a new record high.
... more than one-third of America's electricity comes from natural gas; half of American homes use it for cooking, heating water and drying clothes; tens of billions of dollars' worth of goods are made from it, and hundreds of thousands of vehicles use it as a fuel.
A new study shows: "By 2035, if the right regulatory policies are in place, private investment could exceed $1.3 trillion for oil and natural gas infrastructure, and create more than 1 million jobs"
