The Natural Resources Morning News Round-up: Wall Street Journal – Alison Sider: “Coastal Governors Want More Offshore Drilling” Fuel Fix OpEd – Jeff Miller: “Guest Commentary: Deep-water oil and gas essential to global energy future” Associated Press: “Steam proposed to extract central Wyoming oil” The Atlantic – Stephanie… Read more »

Remember this? “We can’t afford a situation where speculators artificially manipulate markets by buying up oil, creating the perception of a shortage, and driving prices higher.” — President Obama, April 17, 2012 According to a recent research study by professors at MIT’s Sloan School of Management, oil speculation has little effect on oil price volatility. This study said… Read more »

Today, the House Committee on Natural Resources launched a profile on Instagram. It will feature behind-the-scenes photos of Committee events and hearings, as well as pictures of national parks, forests, American energy, rivers and lakes, fish and wildlife and many other topics under the Committee’s jurisdiction. To follow us online http://www.instagram.com/natresources or via the… Read more »

"Another contrast is that most Texas oil is on private lands, which owners are willing to lease at a price. In California much of the oil-rich areas are state or federally owned, and leasing doesn't happen because of political constraints. In California it can take weeks or even months to get approval for an oil rig. The average in Texas? Four days." Editorial: A Tale of Two Oil… Read more »

The Natural Resources Morning News Round-up: Politico – Jake Sherman: “Democrats Peter DeFazio, Raul Grijalva vie for Ed Markey’s Natural Resources Committee post” Fuel Fix – Jennifer A. Dlouhy: “New Interior secretary makes first offshore rig visit” The Hill – Zack Colman: “House to vote on Keystone XL bill in May” Associated… Read more »

Today’s report from the Bureau of Labor Statistics confirmed that U.S. energy production is a job creator.  Employment in oil and natural gas production rose 4.3% in the last year. This can largely be attributed to new energy production on state and private lands, which are significantly out producing federally permitted lands, as noted by the Congressional Research… Read more »

The Natural Resources Morning News Round-up: Energy Guardian – Edward Felker: “API calls on Jewell to make fracking reg deals with states” Associated Press – Jonathan Fahey: “Oil drilling technology leaps, clean energy lags” Los Angeles Times – Anthony York: “Assembly approves off-reservation tribal casino” Indian Country… Read more »

The Natural Resources Morning News Round-up: Washington Examiner – Sean Higgins: “Feds triple estimates for recoverable natural gas in plains states” Fox News: “Park Service creating new monuments, landmarks despite sequester cutbacks” E&E - Phil Taylor: “Alaska refuses to repay Secure Rural Schools money” ABC – Alan… Read more »

Yesterday, the United States Geological Survey (USGS) released its updated assessment of America’s oil and natural gas resources in the Bakken and Three Forks formations. The new assessment shows that the United States has double the amount of oil and triple the amount of natural gas than previously thought. The new information comes from a survey of data on two shale formations that run… Read more »

The Natural Resources Morning News Round-up: Energy Guardian – Edward Felker: “House GOP to highlight support for fracking, nat gas exports” Fuel Fix – Jennifer A. Dlouhy: “Feds set to unveil hydraulic fracturing rule within weeks” National Journal – Amy Harder: “The U.S. Has Much, Much More Gas and Oil Than We Thought” … Read more »