U.S. Fracking's Larger Implications

[Mr. H.]

North Dakota wants you: New campaign seeks to fill 20,000 jobs

20,000 jobs.

In a new recruiting campaign to be rolled out in May, the North Dakota Economic Development Foundation is aiming to fill more than 20,000 jobs -- ranging from truck drivers and oilfield workers to receptionists and food servers.

North Dakota's huge oil boom has spurred thousands of job seekers to flock to the state for years now. In some cities, the population has quadrupled.

Yet, the growth continues and companies are still so desperate for workers that the state is teaming up with oil giant Hess Corp. to launch an $800,000 campaign to attract new talent.

Private enterprise has done in short order what Obama has failed to do in 5 years time.

 

[DriftingSand]

I could have buried this in one of the many existing threads on Fracking, but it deserves it's own look.

The article touches on the effects of increased U.S. natural gas production in far-flung parts of the world including the Middle East, China, Russia, Venezuela, etc.

U.S. Shale Boom Reduces Russian Influence Over European Gas Market

The U.S. shale gas boom has not only virtually eliminated the need for U.S. liquefied natural gas (LNG) imports for at least two decades, but significantly reduced Russia’s influence over the European natural gas market and "diminished the petro-power" of major gas producers in the Middle East and Venezuela.

And here's the kicker- Obama's proposed tax policies are directed at bringing the American oil and natural gas industries to it's knees:

Changes to U.S. tax policy for upstream oil and gas, including proposed changes to expensing rules, investment credits, and/or royalty rates, could also make shale exploration and production unprofitable at current prices.

Well ... we already know that Obama is a horse's ass so I won't address his hatred for affluence, freedom, and national prosperity.

That said, if we take advantage of our (America's) oil reserves we will pay our way out of debt in very short order. We will put 10s of thousands of America to work in high paying jobs. Many smaller businesses will benefit (supply houses, tool shops, welders, etc.) as well. We will eliminate our dependence on foreign oil. We will once again become the world's lender instead of grovelling borrower. Our infrastructure will be rebuilt and improved with the tax revenue and our economic well-being will put smiles on our faces.

 

[elektra]

Geothermal requires fracking.

 

[Mr. H.]

Woman chases oil boom, strikes it big

http://finance.yahoo.com/news/woman-chases-oil-boom-strikes-095900739.html

In 2010, Amy Savage migrated from her native Michigan to western Pennsylvania, chasing the Marcellus Shale boom.

The conservative Manhattan Institute estimates that 20,000 small and midsized firms related to the oil industry have injected $300 to $400 billion into the U.S. economy over the last few years.

 

[Mr. H.]

Oil boom ramps up heavy-duty truck sales

Youngstown News, Oil boom ramps up heavy-duty truck sales

 

[Mr. H.]

Eagle Ford Gas Draws Steelmakers to Texas' Coastal Bend - See more at: RIGZONE - Eagle Ford Gas Draws Steelmakers to Texas' Coastal Bend

Lured by the region's growing port facilities and ready availability of cheap natural gas from the prolific Eagle Ford Shale play, two foreign-owned firms are bringing a newcomer – iron and steel manufacturing – into the Coastal Bend's economic fold.

 

[Mr. H.]

RIGZONE - Kemp: US Oil Reserves Highest Since 1970s

LONDON, April 11 (Reuters) – U.S. exploration and production companies are finding accumulations of crude and condensates twice as fast as they are producing them, according to statistics published on Thursday.

Proved reserves of crude stood at 30.5 billion barrels at the start of 2013.

If condensates are included, proved reserves reached 33.4 billion barrels, the highest since 1976, according to a new report from the U.S. Energy Information Administration ("U.S. crude oil and natural gas reserves proved reserves" April 10).

 

[Mr. H.]

RIGZONE - Kemp: US Oil Reserves Highest Since 1970s

LONDON, April 11 (Reuters) – U.S. exploration and production companies are finding accumulations of crude and condensates twice as fast as they are producing them, according to statistics published on Thursday.

Proved reserves of crude stood at 30.5 billion barrels at the start of 2013.

If condensates are included, proved reserves reached 33.4 billion barrels, the highest since 1976, according to a new report from the U.S. Energy Information Administration ("U.S. crude oil and natural gas reserves proved reserves" April 10).

 

[RGR]

What fracking has given America.

EIA AEO 2014 resource scenarios released this week. Figure IF2-1 being of importance.

U.S. Energy Information Administration (EIA) - Pub

 

[initforme]

Well I hope the tracking companies are better than Chevron. They had a natural gas well explode and kill one worker. This was in Pennsylvania. SO what did they do? They bought pizza and soda for the people around there? They SO care about people. What a truly sickening cheap nasty apology. I don't think tracking would be that bad just make sure nobody lives within 30 miles or so of the sight. Make sure nobody's drinking water is within 50 miles of the tracking site. Then it would be fine.

 

[Mr. H.]

Decreased Oil and Gas Imports Keep Trade Deficit in Line

Additional oil and gas production and shipments explain why the trade deficit has held steady or even improved over the past couple of years...

 

[Dot Com]

someone is spazzing. I notice that your OP, from > 2 yrs ago mentions shipping LNG to Europe HOWEVER it STILL isn't being fully utilized? Why is that?

 

[Mr. H.]

someone is spazzing. I notice that your OP, from > 2 yrs ago mentions shipping LNG to Europe HOWEVER it STILL isn't being fully utilized? Why is that?

Gosh darn you are observant.

As you can see here, there are about 30 pending LNG export applications - two of which have been approved.

http://energy.gov/sites/prod/files/2014/04/f15/Summary of LNG Export Applications.pdf

This piece posits "protectionist views"...

RealClearEnergy - Why Are We Dragging Our Feet on LNG?

A view from an MA Democrat...

U.S. senator launches bill to go slow on LNG exports despite Ukraine | Reuters

Years of delay by the Energy Department?

The U.S. lags on natural gas exports while Russia continues to dominate in Europe - The Washington Post

 

[Dot Com]

could it be the high cost of logistics, cost of setting up terminals & costs of transport, or the dangers of exporting huge container ships filled w/ LNG?

 

[usmcstinger]

Fedex, UPS and Waste Management are using tucks powered by Natural Gas. Their goal is to have all their trucks powered by natural gas.

Many Electrical Producing Power Plants are fueled by Natural Gas and many more are in the process of doing so. Electrical Power Plants running on Coal can not meet EPA Emissions standards. Natural Gas does not have this problem.

 

[Mr. H.]

RIGZONE - North America's Manufacturing Renaissance

America’s oil and natural gas boom has caused a rippling effect with all sectors experiencing a windfall. Energy-intensive manufacturing employment is set to increase by more than 1 percent in the United States through 2020, according to a report released by the U.S. Conference of Mayors. -

More than 196,000 jobs in metro areas from 2010 to 2012 were added in energy-intensive manufacturing sectors. These sectors encompass steel, iron, fabricated metals and machinery, which all have benefited from the natural gas boom, the report added. Employment in these sectors increased by 9 or 10 percent, from 2010 to 2012, in all U.S. metropolitan areas.

THIS IS HOW IT'S DONE, OBAMA!​

 

[Mr. H.]

Fracking spurs next industrial revolution

http://finance.yahoo.com/blogs/daily-ticker/the-next-industrial-revolution-130850723.html

 

[Mr. H.]

How fracking helps America beat German industry

Special Report: How fracking helps America beat German industry

It’s a different story across the Atlantic in the U.S. state of Louisiana. There, chemicals maker Huntsman Corp pays 22 percent less for its power than it did just seven years ago.

 

[Darkwind]

Fracking also brings small earthquakes and flammable water.

Still think it's a good idea?

WE had flammable water prior to fracking. Why do you think places like "burning springs" exist?

Natural gas leaks out into ground water..............wait for it..............naturally!

Fracking has not caused anything new and is a proven safe technology.

 

[Mr. H.]

API Says Fracking Saved Public Schools $1 Billion Last Year - Businessweek

The report, (pdf) prepared by IHS, claims that local elementary and secondary schools saved more than $1.2 billion off their combined gas and electricity bills during the 2012-13 school year. Or, according to the report, enough money to hire 14,246 full-time teachers. State and local governments saved a total of $720 million due to cheaper gas and electricity, the report says, enough to hire an extra 11,000 workers.