One of the biggest economic stories relating to U.S. shale development is the rebirth of domestic manufacturing. Abundant and affordable supplies of natural gas and its associated liquids, which manufacturers use as a feedstock for the products they create, have made the United States one of the lowest cost countries in which companies can invest.
The U.S. will surpass Russia and Saudi Arabia as the world's top oil producer by 2015, and be close to energy self-sufficiency in the next two decades, amid booming output from shale formations, the IEA said.
Of all the weird stuff that must have happened in New York City on Halloween, perhaps the strangest thing occurred in the energy markets. On Oct. 31, natural gas prices in Manhattan were nearly $.40 cheaper than in Louisiana. That hasn't happened in eight years.
Almost lost in all the news about the federal government "shutdown" over the last week are several new reports regarding the ongoing massive oil and natural gas Shale Revolution in the United States, and the role Texas is playing in making it happen.
Former Secretary of State Hillary Clinton's 80-minute lecture and discussion at upstate Hamilton College on Friday touched on dozens of issues - the government shutdown, the global economy, what it takes to be a president and the creation of merlot ice cream, to name a few.
In response to Rebecca Tell's letter ("Pipeline that leads to global disaster," Sept. 26), after five years and four favorable State Department studies, every possible question about Keystone XL has been asked and answered to the satisfaction of the American people - 65 percent of whom supported moving forward in the latest Pew poll.