The U.S. would lose millions of jobs and trillions in cumulative gross domestic product (GDP) by the year 2040 if the nation’s energy policy adhered to actions championed by the “keep it in the ground” (KIG) movement, according to a study commissioned by the American Petroleum Institute (API).
Articles from Scenario
Offshore oil and natural gas drilling in two offshore areas along the Atlantic seaboard could add $10.8 billion to $60 billion in value, and $2.1 billion to $11.6 billion in additional tax revenue for states along the East Coast, according to a report released Wednesday and funded by several right-leaning organizations.
Columbia Gas of Ohio outlined a possible exit scenario from its merchant function as part of its standard choice offer (SCO) auction process, recently filed with the Public Utilities Commission of Ohio (PUCO).
Columbia Gas of Ohio outlined a possible exit scenario from its merchant function as part of its standard choice offer (SCO) auction process, filed with the Public Utilities Commission of Ohio (PUCO) last week.
While oil production in North Dakota could more than quadruple by 2025 to more than 2 million b/d, natural gas could do even better, gaining by nearly six times over current production to 3.1 Bcf/d, according to an analysis commissioned by the state’s Pipeline Authority and performed by Bentek Energy LLC.
Water use for hydraulic fracturing (fracking) in Colorado is expected to grow by 35% by 2015, but it will remain a minute portion of the state’s overall water use, according to a report by a trio of state agencies, including the Colorado Oil and Gas Conservation Commission (COGCC).
When voters in New Brunswick went to the polls last September, they were still fuming over the incumbent Liberal government’s failed attempt to sell the province’s public utility. Premier David Alward and the Progressive Conservative party were able to harness that dissatisfaction and won the 2010 election in a landslide.
The desire to acquire shale acreage and midstream assets in the United States continues to be strong, with domestic natural gas and oil mergers and acquisitions (M&A) values reaching $39 billion in the second quarter, according to an analysis by PwC US.
Calling development of the Marcellus Shale play “a great opportunity” for New York, the Public Policy Institute of New York State Inc. (PPI) said a scenario where 500 gas wells were drilled every year in the state would create 62,620 jobs, $2.7 billion in added value and $1 billion in local, state and federal tax revenue.