Advancing Energy Blog

Internet Power Pull

You don’t see it churning away behind the walls of your server. It’s virtually silent while it zips away inside the phone lines while you’re pulling up the latest videos of cats jumping out of boxes, or twin babies laughing at one another. But, it turns out, the Internet uses more electricity than the auto industry uses to make ca...

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Now Hiring

More Americans than expected filed for unemployment benefits last week. It’s a sign, unfortunately, that the labor market is struggling to gain momentum. But, despite stubbornly high – currently near 10 percent – unemployment figures, the oil and natural gas sector is suddenly adding jobs in droves. Energy firms, engineering firms...

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Texas Tea

For a few years now the story has been about natural gas. Across the country, producers, and landowners for that matter, are finding their paychecks in the cracks and crevices of shale rocks that were giving up natural gas. But, a new revolution has begun. From the Bakken up north to the Permian down south, producers are dipping into black gold onc...

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Co. Coal Cost Rising

For many years, coal has long been the cheapest way to produce electricity. That is why it holds the market share in the U.S. for how utility companies power the grid. However, growing global power demands are tasking the need for coal, making its price rise for the first time in years. A recent report in the Denver Post shed light on the issue bec...

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Where Does Your Dollar Go?

50% is the cost of crude oil. The cost of crude oil is often affected by supply and demand. This is why gasoline prices typically go up during heavy travel season like holidays and summer. 28% is the refining cost. Sometimes the price is affected not just by the supply of oil, but also by the supply of good quality oil. Oil can be heavy or light, s...

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Contributions Paying Off

Nothing makes us happier at the Oklahoma Energy Resources Board than looking back on a school year filled with success. Students and teachers are high on our priority list and we believe in arming them with the tool they need to reach their potential. July 2010 through June 2011 proved a busy year for the OERB staff and Master Teachers. Together th...

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Fired Up! Ready to Drill!

The American Petroleum Institute reports that U.S. oil and natural gas companies are getting back to work, a good sign that the economy is on the mend. API reports that 11,300 oil wells, natural gas wells and dry holes were drilled in the third-quarter of 2010 – up 45 percent from the same period in 2009. Another break in trend – oil we...

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4OilK

The media may report large profit numbers of “big oil” in a fashion that makes their success seem shameful. But, it’s those profits that will allow millions of public employees across the nation to retire with a solid nest egg. State pension fund investments in oil and natural gas companies are providing strong returns for teacher...

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Drill Domestic

A survey released last month shows two-thirds of Americans to see more development of U.S. oil and natural gas resources. The Rasmussen Report conducted the survey nationally among likely voters. The poll found that 75 percent do not believe the country is sufficiently developing its own oil and natural gas resources. Fifty percent said they would...

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More Gas Making Power

Natural gas use for electricity generation has jumped 38 percent over ten years, says the U.S. Energy Information Administration. The EIA reports natural gas consumption for electricity generation jumped seven billion cubic feet per day in the summer of 2010 versus the same time in 2009. During the winter, five billion cubic feet per day more was u...

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Our Mission

Back in 1993 when the OERB’s forefathers set out with the organization’s mission they had lofty goals. Yes, we had some cleaning up to do, and that quickly got underway. We had to clean up our state from years of abandoned oil well sites. But, we also had to clean up our image. Would you believe that people in Oklahoma didn’t like...

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Hiring Boom

An energy boom is underway in the United States. New discoveries of oil and natural gas across the country mean the industry is hiring skilled workers more than any other sector, according to an article published recently in Wall Street Journal. The Bureau of Labor Statistics reported in May that the oil and gas extraction sector, as well as servic...

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Winterizing with Waste Water

Some parts of the country have already been socked with the season’s first round of winter weather. And, snow and ice storms keep road crews busy this time of year making sure citizens can safely travel here and there. According to a report in the Willamsport Sun-Gazette the Pennsylvania Department of Environmental Protection may be looking t...

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Water Free Fracking?

An emerging technology in hydraulic fracturing might help end debate over the decades-old drilling technique. A new propane-based gel is replacing the need for water in the fracking process. Liquefied propane gas (LPG) fracturing, or simply "gas fracking," was developed by a small energy company, GasFrac, based in Calgary, Alberta. The technique ha...

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Who Uses? Who Produces?

The Energy Information Administration (EIA) released its bi-monthly report on world oil inventories at the end of June. It shows world fuel consumption averaged 87.9 million barrels per day over the last two months a jump of more than a half million barrels during the same period last year. Financial Times recently provided an overall big picture l...

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