U.S. oil and natural gas production is higher today than it has been for many years, providing a big boost to the economy at a time of sluggish job and income growth.
The downward price of natural gas shows the benefit of unlocking our domestic natural gas resources. If we removed some of the restrictions that are hampering exploration of our biggest potential oil reserves, don't you think supply could also drive down gasoline prices?
Richard Kolodziej, President of NGVAmerica, comments on the current - and future - prospects of natural gas vehicles (NGV's).
How much, where and how will it be used - questions regarding the new drilling impact fee passed by PA's House of Representatives.
There's a lot wrong with the new state law regulating the Marcellus Shale gas drilling industry, but lawmakers got one thing right: putting oversight in the hands of Pennsylvania's Public Utility Commission.
Regardless of your position in the debate over hydraulic fracturing, something we can all agree on: New York state needs an economic jump-start. Local businesses that have supported communities for years are now struggling to survive. However, let's look at what has happened in one company in neighboring Pennsylvania with shale development.
Natural gas prices in the United States have been low in the past few years, and increased estimates in natural gas reserves from shale formations in Pennsylvania, New York, Texas, Oklahoma, Arkansas, and Louisiana are opening opportunities to increase exports to other nations. In some countries, natural gas prices are three times as high as they are in the United States.
Rapid growth in Marcellus Shale has been a mixed blessing. It has brought jobs for thousands of new workers, but also a shortage of housing as people move to Marcellus development areas. The Keystone Energy Forum and the Modular Building Systems Association recognize this issue, recently hosting a housing forum to identify and discuss the housing issues in areas affected by Marcellus Shale drilling.
There will be drilling. There will be natural gas. The real question is how to raise the right issues and hold the regulators and captains of industry to the highest standards.
Marcellus Shale development is good for the economy. Supporters have been saying this for years, but now, with a recent report from Penn State University, it's been found that state tax revenue in the counties with Marcellus Shale development did better - and in some cases significantly better - than those counties without it.