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"
A series that takes a look at what might have happened in the past - or could happen in the future - if certain energy-related ideas and policy prescriptions put forth by prominent politicians and their supporters were actually adopted.
"We will conduct a thorough review of the Outer Continental Shelf for oil and gas exploration, and listen to state and local stakeholders. We also will conduct a thorough review of regulations that were created with good intentions but have had harmful impacts on America's energy security,"
The natural gas surplus generated by the shale revolution has led to several benefits, including lower wellhead prices, reduced imports and rising inventories of natural gas storage. In addition, the cost of drilling new shale wells has dramatically declined. This means that fewer rigs are being employed, but new wells are more productive and cost-efficient.
"...it is no wonder that the public is often confused about air quality in their city, county, state, and nation." That's a gentle way of saying that Americans have been misled by the media and agenda-driven environmental groups.
... reverses his predecessor's Arctic offshore oil and gas leasing ban and directs Interior Sec. Ryan Zinke to allow responsible development of other US offshore areas' energy resources.
The offshore sector, which accounts for almost a third of crude oil production and is a crucial component of future global supplies, has been particularly hard hit by the industry's slowdown.
Increased profits translate to more jobs. Higher employment translates to greater spending and an increase to a community's tax base. Communities thrive when oil & gas thrives.
