The United States Is Now the World’s Undisputed Oil and Gas Leader

It’s been a bang-up year for the United States’ oil and gas industry. Since a January report from the US Energy Information Administration stated in no uncertain terms that the United States energy infrastructure was poised to change the world, the domestic oil and gas industry has seen a boom unprecedented in the industry. In the short six months since the EIA’s announcement, the United States has ramped up production to such a degree that world energy powers like Russia and Saudi Arabia will soon find themselves outpaced.

The Good News About US Oil and Gas

Industry insiders felt the oil and gas industry rumble to life in the closing months of 2017. A collective sigh of relief could be perceived as the sector began to pull out of a three-year nosedive. Then, in January of 2018, the US’ independent energy statistics agency, the EIA, released a monumental report.

Praising the “noteworthy resilience of shale gas” in the United States, the report stated that the industry’s ability to weather the downturn, combined with groundbreaking technological breakthroughs would enable “United States oil and gas output in 2040 to a level 50% higher than any other country has ever managed.”

Recent Politics Are Good for Business

The United States oil and gas industry has also been feeling the favor of the developing geopolitical scene in recent months, as well. As Russian and Iranian companies watch potential customers dry up, the United States’ is appearing as an increasingly efficient, cost-effective, and — perhaps most importantly — stable option in the global marketplace.

Perhaps that’s why Japan meets its rising need for liquid natural gas by turning to the United States. In April, the country took receipt of its first shipment, a promising step forward in the quest to “power millions of Japanese homes and businesses” with United States LNG.

A Thriving Oil and Gas Industry Is Good for Everyone

As the United States has climbed the rungs of the international oil and gas market over the last seven years, the economic benefits have been immeasurable. At the moment, the industry is attracting millions of potential investors, money that filters out to sectors of every stripe.

That means more jobs, more income, and more tax revenue.

According to the EIA, we’ve only begun to feel the benefits of the United States’ oil and gas boom, but if the initial estimates are any indication, the future is looking very bright.

boulder

Boulder County Continues to Attack Fracking, As a ‘Cautionary Step’

On Wednesday, May 16, the Boulder City Council voted unanimously to extend its infamous fracking moratorium by an additional two years. In spite of a prior conflict with state authorities last year, Boulder’s moratorium serves as a mostly ineffective legislative move that does virtually nothing to stymie fracking in Colorado.

But, golly, if those Boulderites aren’t extra proud of themselves for taking a stance.

Adding Two Years to the Moratorium

As the City Council voted to extend the Boulder fracking ban another two years, legislators were positively preening over their success. In speaking to reporters, however, Boulder Mayor Suzanne Jones confessed that the county had not received an application to drill in a decade. In fact, the city’s first ban on fracking came in 2013, fully five years after oil and gas operators had moved on to greener pastures.

Still, the decision was made to add another two years to the Boulder fracking ban as a “cautionary step.”

It’s a Statement, Just That and Nothing More

It’s worth pointing out that — at the same meeting that extended the ban — city councilors voted to enact a ban on assault weapons, high-capacity magazines, and bump stocks. Taken hand-in-hand, the bans are a clear sign of Boulder’s real intent: to posit themselves as the kind of place where liberal ideas are incorporated without question.

As a means to attract new residents, the Boulder fracking ban is a solid marketing gimmick. Last year, Colorado attorney general Cynthia Coffman filed a lawsuit against Boulder County, calling its moratorium unconstitutional. Though the AG eventually dropped the suit of her own volition, Boulder liberals took the court decision as a big win and touted it as such.

It wasn’t.

The Boulder Fracking Ban Is Harmless

According to Colorado Oil and Gas Association (COGA) spokesperson Scott Prestidge, Coffman didn’t need to pursue her case against Boulder, because prior court cases have already determined that local governments do not have the authority to regulate oil and gas production.

Those decisions can only be made in the statehouse. Both Longmont and Fort Collins have learned that lesson the hard way. In other words, should an oil and gas company decide to explore the mineral wealth under the ground in Boulder, the county’s fracking ban will have little-to-no impact on their progress.

Boulder, the City of Stylish Liberals

The city council of Boulder has made it very clear where they stand, and they’re happy to remind anyone and everyone who will listen time and time again. It’s just a shame that their many public proclamations have no legs to stand on when it matters. The city’s lack of oil and gas business isn’t a result of Boulder’s fracking ban; it’s a result of industry indifference.

oil-and-gas-jobs

Fresh Oil and Gas Jobs Are Right Around the Corner

Over the course of 2018, the United States oil and gas industry has recovered handily from a rough few years of low demand and harsh regulations. Even as the US active rig count reaches highs not seen in a year or more, oil and gas jobs haven’t grown quite as quickly as some might have hoped. With a little patience, however, the energy industry aims to get more people on the job than ever before.

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Image from Flickr user mendhak

Canada Sees a Greener Future Ahead Thanks to the Oil and Gas Industry

Businesses in the oil and gas industry are wrongly painted as evil. While former practices of the industry have recently been discovered as harmful, companies in the field are taking this feedback and improving their work in every conceivable way. News out of Canada indicates just how far the oil and gas industry has come, with the nation’s exploration and production (E&P) companies and cleantech startups leading the charge in greener, more sustainable efforts. Continue reading

First Lady Barbara Bush

Barbara Bush Passes Away at 92

On April 17, 2018, after battling chronic obstructive pulmonary disease, congestive heart failure, and Graves’ disease, Barbara Bush passed away at her home in Houston, Texas at the age of 92. During a long and meaningful life, Barbara Bush served as both the First and Second Lady of the United States. During her tenure as First Lady, Bush dedicated herself to the cause of universal literacy and eventually founded the Barbara Bush Foundation for Family Literacy. Continue reading

Oil drilling rig, northern British Columbia, Canada

As the Canadian Oil and Gas Market Flounders, U.S. Companies Prepare for Increased Investments

Today, Canada’s federal government announced plans to spend upwards of $280,000 on a new study examining how competitive the northern nation is in the oil and gas industry. Natural Resources Canada prepared an advance contract award notice that was made public yesterday, calling for an outside supplier to conduct the work for the study, identifying international consulting firm Wood Mackenzie as the preferred candidate. The advance contract award notice stated that the Canadian oil and gas industry fell by over 50 percent between 2014 and 2016. Continue reading

Oil & Gas - High Desert District

American Oil & Gas Companies Build Relations with International Governments

This week, American oil and gas businesses stepped into the role of ambassadors representing their nation’s best interests abroad with deals in both Mexico and Saudi Arabia. Agreements struck with both international governments also demonstrate American dedication to bolstering economies outside of the United States, while providing jobs for hard-working oil and gas experts around the world. Continue reading