SHALE Policy Article May 2019 1
On April 16, Colorado Governor Jared Polis signed SB 19-181 into law, initiating a sweeping overhaul of the state’s regulation of the oil and gas industry in the latest move of political activism aimed at oil and gas activities in the state. The new law creates a dangerous precedent...
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By choosing to produce more energy at home, America has opened the doors to new opportunities and growth across the economy. The surge in domestic oil and natural gas production has lowered household energy bills, cut the cost of manufacturing goods in the United States and supported the livelihoods...
Steel Tariffs
When all is considered, there is no doubt about the fact that more jobs will be lost economy-wide than will be gained or saved because of steel and aluminum tariffs and import quotas.
THE POLICY GOAL OF ENERGY
The tale is told of my Keffer ancestors moving the family from Greene County, Pennsylvania in 1910 to Lipscomb County in the Texas Panhandle. They gave away all their winter clothing and bedding because they were leaving the frozen North for the sunny South. And then came the “Great...
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We are living at a time when our ability to provide our own domestic energy supply has literally put us in the position of energy dominance, if not outright independence. Not only are we now producing enough oil and gas for our own domestic needs, but we have enough...
Tax Plan Featured
Americans are finally getting a glimpse of the economic impact from passage of the Tax Cuts and Jobs Act of 2017. Majority Whip John Cornyn (R-Texas) made a substantial last-minute “manager’s amendment” to the Senate plan, reducing the publicly traded partnerships’ tax cut from 35 percent to 21 percent, which...
On Tuesday, Sept. 3, Vermont Senator Bernie Sanders, a leading contender for the 2020 Democratic Party’s presidential nomination, issued a tweet containing the following text: "The fossil fuel industry is now the equivalent of the tobacco industry. It creates death and destruction, then spends billions denying its responsibility. Let us...
California’s Blackouts Are the Green New Deal in Action
In mid-August, much of California suffered rolling blackouts that had as many as 10 million Californians going without power for days at a time. The excuse used by officials was a series of forest fires that hit vast swaths of the state’s rural areas, but this is nonsense. These...
SHALE Featured May June 2019 3
. Are Industry Participants Ready? Since lifting its 40-year-old ban on exporting crude oil, the U.S. has opened hungry world markets to U.S. shale oil and created a new boom. Throughout the summer of 2018, U.S. crude oil exports consistently exceeded 2.0 million barrels per day, doubling the amount of exports...
UAE Quitting OPEC?
(Editor’s Note: As we went about putting this issue of SHALE Magazine together, the Texas Railroad Commission had just finished a month-long process during which it considered and rejected proposals to limit production in Texas through its power of prorationing. Because it became such a controversial issue, I felt...