Industry News:
My View: Energy development fuels Uintah Basin economy
Deseret News, Wednesday, Sept. 3 2014
Laura Nelson,
Director, Office of Energy Development,
Utah State.
View original article.
Responsible energy development is a key part of the Utah economy, and it is a driving force behind growth in the Uintah Basin. Our current energy boom is driven by market conditions as well as a technological revolution that has come in the form of new drilling and well-stimulation techniques.
Energy is creating high-paying jobs. Energy jobs in Utah account for 1.4 percent of the state’s jobs — just under 18,000 — but account for 2.6 percent of the state’s total wages. The average energy job in Utah pays nearly double the state’s average wage, and Duchesne and Uintah counties boast the highest median wages in the state.
The Uintah Basin has an astounding 2.7 percent unemployment rate, with thousands of jobs currently available in Duchesne and Uintah counties. As a result, Duchesne County is the second-fastest growing rural county in America, and Vernal is the sixth fastest growing micropolitan area in the nation. In fact, one in five jobs in Uintah County is energy-related, and in Duchesne, that number is one in four. Wages are up not only for jobs directly related to the energy sector, but many indirectly related as well, including construction jobs, transportation jobs and jobs within the hospitality industry.
Our as-yet-untapped oil shale and oil sands resources are by far the largest resources in the country, with an estimated 77 billion barrels of oil recoverable from oil shale, and 15 billion barrels of oil recoverable from oil sands. These are perhaps Utah’s most promising energy resources in terms of future revenue and job creation potential.
Utah is willing — and has proven itself able — to manage its natural resources effectively, but we remain subject to arcane federal regulatory processes that hinder our natural, environmentally responsible economic growth. While the Uintah Basin is particularly harmed by these delays, the area has also shown remarkable innovation and cooperation as many sectors have come together to find workable solutions.
For example, recent road improvements in rural Uintah County were done without using taxpayer dollars but with partnerships that included the counties, commissioners, the transportation authority and industry representatives. These groups proactively identified road improvements important for sustaining development and worked together to make it happen while improving safety and protecting the environment.
A strong partnership between education and industry has also been a key factor in the success of the Uintah Basin. The Uintah Basin Applied Technology Center (UBATC) is placing a high rate of its graduates in the energy industry and related fields. Students now participate in hands-on training with outdoor oil wells, natural gas wells and other industry-specific equipment. Indoors, UBATC has state-of-the-art well-simulation equipment that gives students from all over the world the opportunity to learn and practice a number of real-world scenarios with a top-notch instructor.
The Uintah Basin Energy Summit is an annual event that brings together leaders from industry, education, the community and the public sector to learn about and discuss the future of energy development. This year’s summit, to be held on Thursday, will feature speakers from across the spectrum and will showcase examples of innovation, collaboration and problem-solving. In other words, the unique brand of self-determination Utah is known for.
Utah has seen some exciting energy innovations over the last several years, and with energy development as a key cornerstone of Gov. Gary Herbert’s administration, that trend will continue.
Laura Nelson is the director of the Governor’s Office of Energy Development. She has extensive experience in the energy field and has worked in the public sector, the private sector and in the education community.
Rubin, oil sands, and the bitumen bubble
Maclean's
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US Oil Production to Surpass Imports, a First Since '95
March 20, 2013 - Energy Digital
US oil production is expected to exceed its oil imports later this year for the first time in nearly two decades, according to a recent report from the US Energy Information Administration.
By that time, the gap between monthly US crude oil production and imports is expected to be nearly 2 million barrels per day, states the EIA's March 2013 Short-Term Energy Outlook.
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Oil Sands Account for 0.16% of Greenhouse Gases
March 17, 2013 -New York Times
Oil sands operations account for just 0.16 percent of global greenhouse gas emissions. If all operations shut down tomorrow, the impact on greenhouse gas emissions would be infinitesimal. Even so, industry reduced oil sands emissions per barrel by 26 percent since 1990 and continues to seek reductions through technology and innovation.
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Never mind oil - coal deserves its lumps, too
January 14th, 2013 - The Province
If you still believe Alberta's oil-sands are a major contributor to the world's greenhouse gas emissions, you'd better check your math.
The oilsands, which produce about two per cent of the world's daily crude supplies, account for just seven per cent of Canada's carbon emissions or less than 0.2 per cent of the global total.
In other words, emissions from Alberta's oft-reviled oilsands amount to little more than a rounding error in global terms - the equivalent of a few coal-fired power plants in the U.S. Midwest.
Yet, an army of green activists and anti-pipeline crusaders continue to scream from the rooftops (or the tree tops, as they're inclined to do in Texas) that the oilsands pose a grave threat to humanity itself, even if the facts don't jive with their overheated rhetoric.
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Now, don't get me wrong. Am I suggesting that the oilsands don't require tougher safeguards and enhanced environmental monitoring? Of course not.
In fact, I think more stringent and transparent environmental reporting is absolutely essential - as a study on oilsands pollutants just published by a team of researchers from Queen's University in Ontario and Environment Canada clearly shows.
That's the only way bitumen producers and the Alberta government can credibly begin to repair the damage done to the oilsands' brand.
I'd also support a simple global carbon tax - provided it's fairly and uniformly applied to all emissions, whether domestic or foreign, from industry or consumers, or tied to exports or imports.
As long as Alberta's chief industry or the province's taxpayers aren't unfairly penalized - and the devil will surely be in the details on such a complex issue - I say it's time to get on with it.
But ironically, while the mainstream media lavishes near-daily coverage on the noisy activists opposed to the Keystone XL and Northern Gateway pipelines, the biggest, fastest-growing source of global carbon emissions is all but ignored.
I'm talking about ol' King Coal, by far the dirtiest and most widely used fossil fuel on the planet. And if you were under the impression that coal consumption is in decline, think again. In reality, it's soaring, notably in Asia. Consider the following key facts:
Global demand for coal jumped by 4.3 per cent to nearly 7,230 million tonnes in 2010 - the last full year for which data are available - and it's expected to grow by 2.6 per cent annually over the next six years, according to the Paris-based International Energy Agency.
By 2017, global coal consumption is projected to reach 4.32 billion tons of oil equivalent - just two per cent less than global crude-oil demand - and coal will exceed oil as the globe's top energy source within a decade, the IEA predicts.
Nearly 1,200 new coal-fired power plants with a total capacity of more than 1.4 million megawatts are proposed in 59 countries, according to the Washington, D.C.-based World Resources Institute. That's 100 times greater than Alberta's current power-generating capacity.
Just two countries - China and India - account for 76 per cent of all the proposed new coal-fired electric power plants on the planet, the WRI says. China alone plans to add more than 360 new coal-fired plants with total capacity of nearly 558,000 MW or almost 40 times greater than Alberta's current generating capacity.
China's five biggest power companies rank as the world's top coal-fired power producers. Not a single Canadian firm ranks in the top 40. State-owned power producers also play a key role in building new coal-fired plants in places like Turkey, Indonesia, Vietnam, South Africa and the Czech Republic.
Attracted by fast-growing Pacific markets, Australia - already the world's biggest coal exporter - plans to boost new coal mine and port capacity by up to 900 million tonnes per year or roughly three times its current capacity.
The top 10 countries that supply China with coal, according to the WRI's data, are: Indonesia, Australia, Vietnam, Mongolia, North Korea, Russia, South Africa, the U.S., Colombia, and yes, Canada.
The B.C. government imposes no carbon taxes on all the coal that's exported through Port Metro Vancouver, the largest coal-exporting hub on North America's West Coast.
Even in Europe, where the push for renewable energy sources is greatest, coal is making a comeback, with consumption up by as much as 50 per cent in some countries, according to The Economist. Total carbon emissions from power plants rose by an estimated three per cent in 2012, according to estimates by Bloomberg.
The bottom line? It's a big wide world out there, and Alberta's oil-sands - as important as they are to the province and to Canada as a whole - are just a tiny part of the global energy business, and the carbon emissions that flow from it.
Read more: http://www.theprovince.com/business/Never+mind+coal+deserves+lumps/7815765/story.html#ixzz2I1H47Shu
Water scarcity could drive push towards wind and solar : Renew Economy
December 5th, 2012
The United States will become increasingly energy independent in the next three decades as it boosts its production of oil, natural gas and renewable power such as solar and wind, the U.S. government forecast today.
Crude oil production will increase 20% in the coming decade, reaching a peak of 7.5 million barrels per day in 2019, according to the 2013 forecast by the U.S. Energy Information Administration, the analytical arm of the Department of Energy. Most of the surge is due to tight oil that's forced from shale rock.
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Natural gas will see its boom, also due mostly to extraction from shale deposits, continue even longer -- though 2040. It will account for 27% of total U.S. energy produced by 2020 and 30% in 2040, up from 16% in 2000 and 24% in 2010, the forecast says. At its current rate, it will outpace domestic usage by 2020, prompting the United States to become a net exporter of total natural gas that year.
This report "shows how evolving consumer preferences, improved technology, and economic changes are pushing the nation toward more domestic energy production, greater vehicle efficiency, greater use of clean energy and reduced energy imports," Adam Sieminski, EIA's chief, said in releasing the findings.
Natural gas production, due mostly to extraction from shale rock, will continue its boom through 2040, according to a long-term forecast released by the U.S. Energy Information Administration forecast on Dec. 5.(Photo: U.S. Energy Information Administration)
Siemenski sees another upside: fewer energy-related carbon dioxide emissions. The agency expects these emissions to remain 5% below their 2005 level through 2040. It attributes this decline to the required increase in fuel efficiency for new cars and light trucks (from 32.6 miles per gallon in 2011 to 47.3 mpg in 2025), the decreased use of coal and the increased reliance on natural gas and renewable energy.
The agency expects renewable power will see its usage rise faster than that for fossil fuels, largely because cheaper solar panels have lowered costs. It says renewables will likely account for 16% of U.S. electricity generated in 2040, up from 13% in 2011.
The upswing in both energy production and energy efficiency will lower U.S. energy imports -- from 27% of total energy consumed in 2007 and 19% in 2011 to 9% in 2040. The agency expects energy use per capita to decline 15% by 2040 because of gains in efficiency for cars and appliances as well as changes in consumer habits.
The findings, based on implemented policies or final regulations, echo those in its 2012 report, but it extends its forecast five years (through 2040) and includes President Obama's mandate for higher vehicle fuel efficiency.
Water scarcity could drive push towards wind and solar : Renew Economy
November 14th, 2012
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IEA: Canada's oil future seen solid despite growing U.S. strength
November 11th, 2012
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IEA sees U.S. overtaking Saudi as top oil producer by 2017
November 11th, 2012
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Hatch Blasts BLM's Latest Plan To Limit Oil Shale/Sands Development In Utah
November 9th, 2012
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BLM Releases Scaled-Back Western Oil Shale, Tar Sands Proposal
November 9th, 2012
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Hatch Attends Uintah Basin Energy Summit
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Sen. Hatch Calls for Energy Policy that Increases American Energy Production
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Does U.S. energy touchdown herald the death knell for oil sands?
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Opinion: Alternate energy sources still a far-off dream
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Vancouver Sun, March 21, 2012
The Truth About The Worlds Oil Reserves: In Depth Look
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ValueWalk.com, March 19, 2012
Scarce Oil? U.S. Has 60 Times More Than Obama Claims
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