The U.S. oil and natural-gas rush will add 1.7 million jobs this year at wages on average of about $35 an hour, "dramatically higher" than the average $23 an hour for other jobs in the economy, says consultant IHS in a new report.
Across America's widening energy landscape, the economic impacts of unconventional oil and natural gas are increasingly discernible. These effects are visible within the energy value chain and are extending into the broader reaches of the US economy. The focus of this research series is to assess the evolving economic contributions of unconventional oil and natural gas development activity. This study seeks to quantify how unconventional activity creates economic value in the broader economy through an examination of the exploration and production activity.
TransCanada has proposed to Nebraska officials a new route for the U.S. segment of its Keystone XL pipeline that avoids the Ogallala Aquifer and the Sandhills region in Nebraska. "The identified route, along with our commitment to implement additional safety requirements above and beyond those required for any other pipeline, ensures the protection of Nebraska's resources," said Russ Girling, TransCanada's president and CEO. TransCanada submitted the revised route plan to the Nebraska Department of Environmental Quality.
Harris Interactive conducted a poll and found 71% of American voters favor increased access to U.S. oil and natural gas resources and 92% say energy security and producing at home more oil and natural gas is an important issue this election.
OCS Governors Coalition members cited in a recent letter ",, the administration fails to expand adequate access to resource-abundant areas in the Arctic and fails to establish leasing in the Mid- and South-Atlantic".
TransCanada has a permit, but not for the larger portion of Keystone, which would transport Canadian oil sands from Alberta.
After decades of rising prices, hostile foreign suppliers and warnings that Americans will have to bicycle to work, the world faces the possibility of vast amounts of cheap, plentiful fuel. And the source for much of this new supply? The U.S.
The South Carolina Energy Forum, with the Palmetto Agribusiness Council and South Carolina Citizens for Sound Conservation released a study that reviewed the economic impact of offshore drilling to the state.
Rigs off the South Carolina coastline, thousands of good-paying new jobs, tens of millions in revenue and a major dent in the country’'s dependence on energy from hostile nations.
At a news conference Monday in Columbia's Five Points, Graham, R-S.C., introduced a plan that gives South Carolina the option to allow for oil and gas exploration from 10 to 50 miles offshore.
