Sentences with phrase «domestic shale oil»

And the boom in domestic shale oil production has also greatly weakened the economic arguments of American lawmakers who were Keystone defenders.

Specifically, lower oil prices have resulted in marginally less activity at some of the domestic shale oil fields.

Not exact matches

In terms of oil shipments to the U.S. and China, Saudi exports to the U.S. have been on the decline as the total U.S. imports fall while domestic shale production rises.

Indeed, domestic oil production — driven by shale extraction — rose to an all - time high of 10.59 million barrels per day (bpd) last week, the Energy Information Administration (EIA) said.

The new project indicates a further shift for Exxon, away from international projects and towards a focus on domestic endeavors, specifically those involving shale oil and gas.

«The market simply got too bullish without pausing to consider the response of U.S. shale,» Tran said, noting that domestic producers continue to see shale flourishing with oil in the mid-US $ 50 range.

The fraction of crude oil consumed in the U.S. that was imported went from 35 % immediately before the 1973 oil crisis, peaked at 60 % in 2005, and then returned to 35 % by 2013 [7] thanks to increased domestic production [8] from the shale oil boom.

Since 2008, when Obama started considering the pipeline proposal, domestic crude - oil production has almost doubled, largely as a result of shale oil.

With domestic gas production on the decline in the 1970s and policymakers eager for alternatives to imported oil, shale gas was one of several such radical resource bases that federal geologists tried to tap.

Thanks to vast domestic shale reserves and safe hydraulic fracturing, the U.S. is the world's leading producer of oil and natural gas — which by far has had the most to do with reducing U.S. net crude imports.

Let's reword all this and say that we want to improve energy efficiency and reduce waste and real pollution wherever we can, we want to move away from ever scarcer and costlier fossil fuels, particularly those that have to be imported from a price - fixing cartel of nations that are generally hostile to us and we want to develop new domestic sources of energy, be that shale oil and gas, new biofuels (not silly corn - to - ethanol schemes) and other renewable energy sources, etc..

The LCFS would essentially ban imports to California of fuels derived from unconventional sources such as oil sands from Canada, oil shale from the Western US, or domestic coal supplies that can be converted into transportation fuels.

Developing America's vast domestic oil, natural gas, coal and shale gas deposits will generate millions of jobs and hundreds of billions of dollars in critically needed royalty and tax revenue.

He also notes that in 2000, shale produced only 2 percent of our domestic oil and natural gas supply.

american - energy oil - and - natural - gas - production gasoline - prices domestic - production imports fossil - fuels economic - benefits hydraulic - fracturing horizontal - drilling shale - energy

The surge in U.S. shale development through hydraulic fracturing and horizontal drilling in North Dakota, Oklahoma and Texas has boosted domestic oil production — 7.3 million barrels a day last week alone — to the highest level since 1986, according to the U.S. Energy Information Administration.

Oil imports have dropped dramatically over the past five years, from 60 percent of consumption to around 35 percent; but the credit goes to the shale revolution that has greatly boosted domestic production.

As the shale - drilling revolution floods domestic markets with cheap oil and gas, federal regulators have withered under pressure.

What we're seeing, of course, are the positive supply impacts of the U.S. energy renaissance — dramatic increases in domestic oil and natural gas production over the past several years, thanks to the safe development of shale and other tight - rock formations using hydraulic fracturing and horizontal drilling.

The dramatic increase in domestic oil and gas production since 2008 — the so - called «shale revolution» — has been a boon to the US economy and the Obama administration... At the core of this evolution is hydraulic fracturing.

§ 15927 («[I] t is the policy of the United States that... United States oil shale, tar sands, and other unconventional fuels are strategically important domestic resources that should be developed to reduce the growing dependence of the United States on politically and economically unstable sources of foreign oil imports -LSB-.]»)

Jones joins a cross-functional 80 - member team of attorneys who counsel international and domestic energy companies and service providers in oil, natural gas, shale, and alternative energy.

New harassment and discrimination rules will come into effect this fall for lawyers in California [Big Law Business] US oil giant ConocoPhillips is set to sell its North Sea fields as it looks to concentrate its efforts on the shale opportunities available in its domestic market [Reuters] Is it the end for Barnes & Noble as Amazon triumphs?