Jump to Navigation
Home

Main menu

  • Home
  • Latest Stories
  • Markets Map
  • Trends and Sentiments
  • Leading Topics
  • News Search
  • Comments and Analysis

Secondary menu

  • Latest News
  • Top Rated
  • Most Popular
  • Archive
  • About Us
  • Hasbro blames Toys 'R' Us for dismal first...
  • Brexit: Five steps to understanding the EU Customs Union
  • K-pop, news and weather broadcasts can be heard for miles
  • How Should Investors React To FedEx Corporation’s (NYSE:...
  • Currencies: Dollar rises to 3-month high as 10-year yield...
  • Metals Stocks: Gold heads for 3rd straight loss as dollar...
  • Nomura’s Hodges: Fixed income managers have to be flexible
  • One of Sudan's Lost Boys Finds a Way to Help Other...
  • How To Change The World, One Dress At A Time
  • For Trusts And Estates Lawyers Relationship Management Is...

    Updates on the Shale Revolution

    Tue, 12/27/2011 - 16:14 EDT - Dr. Mark J. Perry
    • RDF10

    1. Wall Street Journal -- "Shale-gas production is spurring construction of plants that make chemicals, plastics, fertilizer, steel and other products. A report issued earlier this month by PricewaterhouseCoopers LLC estimated that such investments could create a million U.S. manufacturing jobs over the next 15 years.Even foreign manufacturers are joining in. Low U.S. electricity and natural gas costs were a factor in the decision by Brazil's Santana Textiles to build a $180 million denim plant now under construction in Edinburg, Texas. Santana initially considered putting the factory in Mexico but found that electricity costs would be 30% lower in Texas."2. Oil jobs the new gold as thousands join N.D. rush -- "Williston, with a population of around 20,000, was a quiet North Dakota town, surrounded by oil fields that had been in decline for decades. Now, it is the heart of the Bakken, a new oil play that has abruptly woken one of the sleepiest states in the Union, transforming North Dakota into an energy heavyweight. It has also made Williston, whose surrounding county now has the lowest unemployment rate in the entire country, a new destination for America’s jobless, homeless and would-be rich."3. Ohio sand turns to gold as drilling boom comes to Buckeye State -- "Rob Sidley is sitting on a gold mine, thanks to Mother Nature. His family-owned company produces the special sand needed for the drilling boom in Ohio’s deep layer of Utica shale. The sand is perfect for the hydraulic fracturing process — or fracking — which uses force to open cracks in the shale and free up natural gas, oil and other lucrative products. Nationally, the market for American fracking sands quad­rupled from 2000 to 2009."4. Associated Press — "The United States has record supplies of natural gas and plenty of reasons to promote natural-gas powered cars, but so consumers, manufacturers and fuel suppliers haven't shown much interest.Now, a major natural gas developer's plans to vastly increase the number of truck stops that offer liquid natural gas could help boost its use in the vehicles that burn the most fuel, while promoting its availability to a wider market. Lots of natural gas is available, if U.S. drivers decide to use it. In just a few years, domestic natural gas supplies have increased by trillions of cubic feet through shale finds, boosting the supply to the point where plans are in place to export part of the overflow."

    • Original article
    • Login to post comments
     

    Related

    • Is Utica the next big shale opportunity?

      Shares of Gulfport Energy were in free fall last spring, dropping 55% in four months, until the oil and gas producer announced it had drilled its first three wells in the Utica shale formation in Ohio. The Oklahoma-based company’s value has since more than doubled, bolstered by a series of company production updates on those and a handful of other new wells located in what many believe to be the next frontier in America’s oil and gas revolution.

    • Exxon plans to invest $20 billion in US Gulf Coast refining projects over the next 5 years (XOM)

      Associated Press/Reed Saxon(Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand its chemical and oil refining plants on the U.S. Gulf Coast.

    • Rail Industry Benefits from the Shale Revolution

      Here's another example of how the shale revolution and energy prosperity are working their way down the supply chain, and revitalizing the support industries that supply materials, inputs, and drilling equipment to the shale industry.

    • Tuesday Night Energy Links

    • The oil bust is causing 'severe distress' in Williston, North Dakota

    • ‘Plenty of room to grow’: Shale drilling pioneer says fracking revolution to persist

      Where others see purple mountain majesties, Kent Bowker sees buried treasure. The 58-year-old geologist was part of a team that first extracted significant amounts of gas from a dense rock formation near Fort Worth, Texas, in the late 1990s. Now Bowker says he’s identified a sweet spot in the Rocky Mountains that, along with untapped shale in California, will add to output from Pennsylvania to Texas that’s already propelled the U.S. to No. 1 in the world for combined oil and gas production.

    • Shale Gas and Pax Americana

      Within five years of the United States being written off as a declining economic and imperial power, the shale gas revolution it has pioneered provides it with the energy independence it has sought since the first Organization of Petroleum Exporting Countries (OPEC) oil shock of 1973. It also changes the global future of fossil fuels, which have been the basis of the modern intensive growth — generating a sustained increase in per capita incomes, first in the West and now in the Rest.

    • Shale Gas Boom Helps to Slash CO2 Emissions, As Well as Create Jobs and Save Consumers Billions

      The chart above shows the significant reduction in coal's share of total U.S.

    • The Non-Green Energy and Jobs Boom

      From today's WSJ staff editorial:

    • Will U.S. Oil and Gas Manufacturers Be Included?

      President Obama last night at the SOTU:

    Latest

    One of Sudan's Lost Boys Finds a Way to Help Other Refugees
    One of Sudan's Lost Boys Finds a Way to Help...
    The Duchess of Cambridge, formerly Kate Middleton, is in labour with third child
    The Duchess of Cambridge, formerly Kate Middleton...

    Markets Map

    Markets Map

    Follow Us

    Follow Us on Facebook, Twitter, Google Plus and RSS LinkedIn Facebook Twitter Google Plus RSS
    S&P 500: 2579.37 0.16% FTSE: 7487.96 -0.07% Nikk.: 22420.08 1.82% DAX: 13465.51 1.75% HSI: 28594.06 1.22% FX: EUR/GBP: 1.1401 USD/EUR: 1.1618 JPY/USD: 114.1510 Commodities: Gold: 1276.1000

    Bullfax.com - Market News & Analysis 2008-2011
    Contact Us | About Us | Terms & Conditions

    Follow Us on Facebook, Twitter, Google Plus and RSS LinkedIn Facebook Twitter Google Plus RSS .

    Secondary menu

    • Latest News
    • Top Rated
    • Most Popular
    • Archive
    • About Us