Advancing Energy Blog

Citigroup report predicts reshaping of the global energy market in 5 years

A new Citigroup report suggests that the U.S. is in the midst of a domestic energy revolution and on the fast track to becoming energy independent.  Citigroup estimates that in five years, the U.S. may no longer need to buy oil from overseas. "Our projection of U.S. supply growth and the U.S. demand collapse is to levels where the U.S. will no...

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Advanced technology is giving America the opportunity to be energy independent.

The surge in natural gas production is luring key industries to the United States. Advancements in hydraulic fracturing and horizontal drilling have lowered natural gas prices to a fraction of those in other countries, making the U.S. an appealing place to produce goods. Natural gas costs $3.55 per million British thermal units in the U.S. compared...

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Boom Goes the Job Market

A new industry study released by IHS Global Insight, an energy firm based near Denver, shows a nationwide boom in natural gas production is set to fuel nearly 900,000 jobs and add roughly $1,000 to annual household budget by 2015. The study was commissioned by the organization America’s Natural Gas Alliance and is the broadest look at nationw...

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Always Innovating

While many people in Oklahoma are familiar with the 60-year-old practice of hydraulic fracturing, people in states like Pennsylvania and New York are just learning about it. And, what we’ve come to learn at the OERB is that a lack of education leads to fear, maybe even loathing. In addition to creating programs like the OERB to educate the pu...

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Energy Independence

What was once just rhetoric is becoming reality – the latest numbers from the Energy Information Administration show the U.S. is making strides towards winning its battle for energy independence. The EIA’s 2011 fourth quarter report was released in mid-January and shows the United States supplied almost 58 percent of the crude oil and l...

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Super Size Demand

A report released earlier this year by the U.S. Energy Information Administration shows American homes have increased in square footage every decade since the 70s. This larger home size is adding to the growing demand on power grids and energy suppliers. The EIA reports that homes built since 1990 are on average 27% larger than those built in earli...

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School of Rock

Some call it a demographic time bomb. Others, “the great crew change.” But, something inevitable is about to hit the oil and natural gas industry – the truth about its aging workforce. The pioneers who built this industry into the great force it is today are ready to turn over the reins. The leaders and visionaries who have helped...

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Prospects in Poland

Several energy companies with Oklahoma ties are involved in energy discoveries in Poland that could cause a shift in the energy security of that country. Huge, recoverable natural gas deposits have been found in Poland. Multinational producers – Marathon Oil, ConocoPhillips, ExxonMobil Corp. and Halliburton – are digging in to the shale...

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Production Surpasses OPEC

No doubt the energy industry is booming in the Bakken Shale. A 42 percent surge in oil production in November in North Dakota has put that state’s output above a ranking member of OPEC. 510,000 barrels of oil were produced in North Dakota in November 2011. That energy output helped producers surpass Ecuador in production at that time. It was...

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Hydraulic fracturing is securing America's energy future

Hydraulic Fracturing is securing America's energy future. Now, thanks to advancements in hydraulic fracturing, we're increasing the production of oil and natural gas in the U.S. making energy independence a possibility. In fact, the surge in oil production has pushed U.S. output to it's highest levels since 1992, a trend expected to continue. Hydra...

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Oklahoma number 1 place to invest in oil and natural gas in the world

A recent report released by the Fraser Institute, lists Oklahoma as the number 1 place in the world for oil and natural gas investments in 2012. The state climbed three spots from the number 4 spot held in 2011.  Overall, U.S. states seemed to come out on top. Mississippi finished second, down from first in 2011, Texas ranked third, up from fi...

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Perks of Petroleum

The oil and natural gas industry is moving America toward abundant and secure energy supplies. For Oklahomans, this can mean a more stable economy, better jobs, even lower heating and cooling bills. Hart Energy provides a simple guide to help you and your family discover the benefits of petroleum, and better understand the exploration and productio...

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Poor Man's Pickens

Officially they’re Autogas for America. Unofficially, this new alliance jokingly bills itself as "the poor man's T. Boone Pickens plan." Autogas’ goal is to give a unified voice to the fragmented propane industry and make the fuel a viable alternative for vehicles. Autogas for America Chairman Stuart Weidie said the group's initial goal...

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Losing Its Tailwind

It might be America’s hottest new commodity, but wind isn’t packing as powerful a punch lately in Texas. The Dallas Morning News recently reported that a mix of economic factors is dragging down the industry. Only 539 megawatts of power were added to the U.S. power grid in the first three months of 2010 – the lowest level in three...

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How do you Define Security?

A new commercial the OERB will be running after the holiday will ask you a simple question – how do you define security? Surely, it is different for everyone. But, in this day and age, it’s difficult not to think of national security and our energy resources. The United States is currently sitting atop at least six of the world’s...

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