In the News

America’s Energy Revolution Leads to A Decline of Imports

Publish date: 
April 3, 2014

According to the U.S. Energy Information Administration (EIA), total net U.S. energy imports declined last year.  They are at the lowest level in more than 20 years, as a result of growth in domestic oil and natural gas production and increased exports of finished petroleum products.  The combination of a large drop in energy imports and a smaller increase in exports led to a 19% decrease in net energy imports from 2012 to 2013.

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Colorado Oil Production Breaks Almost 60-Year Record

Publish date: 
March 18, 2014

Colorado produced nearly 63.2 million barrels of crude oil in 2013, a new state record for the booming energy industry. That represents a 28% jump from 2012, when the oil and gas wells produced only 49.3 million barrels, according to the Colorado Oil and Gas Conservation Commission (COGCC), which oversees the multi-billion dollar industry.

Oil and Gas Extraction Jobs Rising

Publish date: 
February 21, 2014

According to Pew Research’s annual survey, many Americans consider improving the job market situation to be of utmost priority. Unfortunately, in most industries a major improvement has not occurred and January’s employment numbers were even lower than predicted. Total U.S. non-farm employment rose just 0.1 percent from December 2013 to January 2014 and has only grown 1.7 percent in the last year.

Building an Energy Superpower

Publish date: 
January 14, 2014

In the first part of 2014, the U.S. will become the world’s number one producer of natural gas. We are also expected to be the number one country in oil output, according to the U.S. Energy Information Administration.

This means the country is on the verge of energy superpower stats. The following video highlights these points:

An Excellent Year in Energy - The Natural-Gas Boom

Publish date: 
December 30, 2013

Thanks to the rise of hydraulic fracturing since 2008, U.S. natural gas supply has rapidly grown, while its cost has been driven down. Oil and gas prices have separate significantly, a historic change from their traditional tandem movement. The graph below represents this trend.

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