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The Exploding Trend in North American Energy

Motley Fool -- It's no secret that shale drilling has revolutionized America's energy landscape, helping boost domestic oil production last year to its highest level since 1998 and natural gas production to its highest level ever.

Major improvements in drilling technologies, such as hydraulic fracturing and horizontal drilling, have allowed energy companies to coax massive quantities of oil and gas from shale formations across North America. But due to the technical complexity of shale drilling, costs have been sky-high.

A report by the American Petroleum Institute (API), a trade association representing the U.S. oil and natural gas indU.S.try, sheds greater light on the topic.

Lots of drilling, lots of spending
According to API's 2011 Joint Association Survey on Drilling Costs report, shale drilling


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Submitted May 12, 2013 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: The Exploding Trend in North American Energy Back to Topics
REPLIES (newest first) Post a Reply
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teenitup
Champion Author Houston

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Message Posted: May 14, 2013 11:12:15 AM

Keep on fracking our economy needs it!
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NedW
Champion Author Indianapolis

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Message Posted: May 14, 2013 3:59:06 AM

Thank you for submitting this article, skb69sa.
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musicreporter
All-Star Author San Antonio

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Message Posted: May 14, 2013 3:43:24 AM

ok
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52MPG
Champion Author Dayton

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Message Posted: May 14, 2013 12:12:42 AM

There are better technologies than gas.
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PrettyLittleLady
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Message Posted: May 13, 2013 3:47:07 PM

costs will rise as always
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andy1024
Champion Author Allentown

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Message Posted: May 12, 2013 11:42:23 PM

This is good for job market, to say at least.
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must87searcher
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Message Posted: May 12, 2013 11:32:25 PM

This is a great way to do gain some business.
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pgerassi
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Message Posted: May 12, 2013 10:50:35 PM

OK.
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pleinyeux
Champion Author Montreal

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Message Posted: May 12, 2013 10:35:03 PM

Drink power ...... / LOL
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Costello
Champion Author South Dakota

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Message Posted: May 12, 2013 10:03:31 PM

Good for USA!!!
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Double_Golden
Champion Author San Francisco

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Message Posted: May 12, 2013 9:35:32 PM

we need to keep the oils in house, not exports all or them to other countries...
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TomT2Lee
Champion Author Cincinnati

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Message Posted: May 12, 2013 8:52:27 PM

Now if we could solve the biggest problems this country faces, and most of them are internal.
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captcarl5
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Message Posted: May 12, 2013 7:36:51 PM

need more technology to lower costs
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weenerdog
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Message Posted: May 12, 2013 7:09:29 PM

interesting
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Wally3023
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Message Posted: May 12, 2013 5:55:38 PM

Sure
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montytexas
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Message Posted: May 12, 2013 5:42:01 PM

Hydrocarbon extraction has ALWAYS been a complex, technical and dangerous endeavor....
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TNT2EC
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Message Posted: May 12, 2013 5:37:55 PM

Joy
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smoketown
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Message Posted: May 12, 2013 5:23:31 PM

Nothing but the truth.
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ohrocker
All-Star Author Ohio

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Message Posted: May 12, 2013 5:22:05 PM

I agree, orphan guy has done his homework, nice comment.
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mnbeancounter
Champion Author Minnesota

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Message Posted: May 12, 2013 5:21:25 PM

its good to up production but don't ship it overseas
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srchr
Champion Author San Jose

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Message Posted: May 12, 2013 5:21:19 PM

no brainer at the current price of oil
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shivarr
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Message Posted: May 12, 2013 5:20:36 PM

wow
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toxigas
Champion Author Oakland

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Message Posted: May 12, 2013 5:18:13 PM

Wow. Just read @orphancarguy's post. Well thought, well put.
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1COR1533
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Message Posted: May 12, 2013 5:17:10 PM

cheap oil? never again
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jorod55
Champion Author California

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Message Posted: May 12, 2013 5:15:28 PM

Mo Fool. Not much there.
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toxigas
Champion Author Oakland

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Message Posted: May 12, 2013 5:14:11 PM

Good. Let's hope the positive trends persist and soon include "more efficient clean up".
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CC55
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Message Posted: May 12, 2013 5:13:01 PM

There is no more cheap oil!!!
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jamie12704
All-Star Author Minnesota

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Message Posted: May 12, 2013 5:11:38 PM

Ok
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Red7002011
Champion Author Mississippi

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Message Posted: May 12, 2013 5:08:32 PM

Interesting.
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Stevedog
Champion Author Michigan

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Message Posted: May 12, 2013 5:08:22 PM

an unbiased report from API?
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BobbyVA
Champion Author Virginia Beach

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Message Posted: May 12, 2013 5:07:50 PM

Its going fairly well in spite the Obama Administrations pitiful handling of our economy. These guys are still rookies at best!
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gumbyrex
Champion Author Fresno

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Message Posted: May 12, 2013 5:06:33 PM

We're on our way to energy independence!
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amearly
Champion Author Michigan

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Message Posted: May 12, 2013 5:05:52 PM

AND Obama says No and that the final answer because hes always right and we the servents no nothing.
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walkingtall
Champion Author Toronto

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Message Posted: May 12, 2013 5:05:12 PM

The exploding trend in North American energy and right now cars and energy are the only thing that is keeping us from going into an global recession.
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rf6480
Champion Author Miami

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Message Posted: May 12, 2013 5:04:11 PM

exploding trend? Pun intended I hope.
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CorvairHaven
Champion Author Cleveland

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Message Posted: May 12, 2013 5:03:56 PM

Source doesn't have much credence with me.
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abacus44
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Message Posted: May 12, 2013 5:03:17 PM

@preacherjohn What would a spell check accomplish? "skb69sa" just posted a link. If the article has spelling errors, that's the original author's issue, not the person posting a link.
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REKEY
Champion Author South Carolina

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Message Posted: May 12, 2013 5:03:09 PM

Exploded so that it can be exported!
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nigelb
Champion Author Virginia

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Message Posted: May 12, 2013 4:57:05 PM

I suppose in 20 years time we may know the real COST of fracking. Energy companies don't care what they do to the environment as long as they can pay their executives huge salaries and make obscene profits!
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gsayeg1
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Message Posted: May 12, 2013 4:54:16 PM

hope so
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PrettyLittleLady
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Message Posted: May 12, 2013 4:51:36 PM

skb69sa--you need to do a spell check..
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malfrog1
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Message Posted: May 12, 2013 4:50:56 PM

just get the oil
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wegman
Champion Author Twin Cities

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Message Posted: May 12, 2013 4:50:48 PM

Nothing new here.
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kx250
Champion Author Michigan

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Message Posted: May 12, 2013 4:49:00 PM

Right now, energy and car sales are the only things keeping us from the global recession
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fieldt
Champion Author Lansing

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Message Posted: May 12, 2013 4:46:54 PM

Thanks in large part to fracking.
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dbecks44
Champion Author Michigan

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Message Posted: May 12, 2013 4:40:28 PM

Sounds like good news to me...
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Johnny907
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Message Posted: May 12, 2013 4:32:00 PM

It means jobs are available
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OGW
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Message Posted: May 12, 2013 4:29:30 PM

Money hunger American companies don't care a thing about people!
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porotito
Champion Author Houston

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Message Posted: May 12, 2013 4:28:46 PM

I wouldn't use the world "exploding" while talking about energy sources...
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mainenightowl
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Message Posted: May 12, 2013 4:28:21 PM

Any excuse to drive up gas prices.
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