IHS Markit’s Yergin: Shale Revolution a “Major Stimulus” to U.S. & Pa. Economy

Domestic natural gas production, particularly from the Appalachian Basin, continues to be a “major economic stimulus” and key driver of environmental progress, IHS Markit’s Dr. Daniel Yergin and U.S. Department of Energy Secretary Rick Perry said this week. Testifying before the U.S. House Energy & Commerce subcommittee on energy yesterday, Dr. Yergin explored how the […]

‘Shale Gale’ Reshaping America’s Energy and Economic Landscape

‘Shale Gale’ Reshaping America’s Energy and Economic Landscape America’s ongoing shale revolution “has transformed the overall U.S. energy industry, shifted company strategies, and dramatically changed global energy markets” while delivering unprecedented economic and environmental benefits, according to a major new report from global business analyst IHS Markit. The opportunity for greater positive impacts will only […]

Higher Energy Taxes Threaten Pennsylvania’s Energy Leadership, Jobs

Pennsylvania is one of the top natural gas producing states in the U.S., strengthening its position as a national energy leader, according to new data from the U.S. Energy Information Administration (EIA). The EIA reports that the Commonwealth’s natural gas production averaged a record 15 billion cubic feet per day (Bcf/d) in 2017, 3% higher […]

Study: Marcellus, Utica Production Gives Appalachian Manufacturers Advantage

A new petrochemical manufacturing facility in the Appalachian Basin will be four times as profitable to similar projects along the Gulf Coast, a new report released yesterday from IHS Markit concluded. While Shell Chemicals’ ethane cracker – currently under construction in Beaver County – is the first major petrochemical facility to be built outside the […]