_Economy and Finance

English 한국어 Market Outlook: EIA's 2014 Energy Projections The U.S. Energy Information Administration (EIA) has outlined major structural shifts in its Annual Energy Outlook (AEO) 2014 Reference case. Assuming current laws and regulations remain strictly unchanged, the report highlights the profound impacts of demographic shifts, efficiency standards, and the ongoing shale boom. Macroeconomic Shifts A notable downgrade in U.S. Census population growth estimates—projecting a 6% smaller population by 2040 compared to previous reports—is expected to slow down labor force expansion and overall GDP growth. This demographic cooling acts as a baseline for energy demand stabilization. The Shale Advantage in Industry The U.S. industrial sector is experiencing a renaissance. Fueled by abundant shale gas and structurally lower natural gas prices, energy-intensive industries (such as bulk chemicals and primary metals) are p...

The Key is good speed, not great haste. - Victor Gao (高志凯), Sep 10, 2013

New Mexico county first in nation to ban fracking to safeguard water In acting to protect their water supply, the 5,000 residents of poor, conservative Mora County make it the first in the U.S. to ban fracking -- hydraulic fracturing for oil. http://www.latimes.com/news/local/la-me-fracking-ban-20130529,0,3018204,full.story By Julie Cart, Los Angeles Times May 28, 2013, 7:36 p.m. OCATE, N.M. — Sitting in the tidy living room of the home they built themselves, Sandra and Roger Alcon inventory what they see as the bounty of their lives: freedom, family, community, land, animals … and water.

China's ragtag shale army a long way from revolution By Chen Aizhu BEIJING | Sun Mar 10, 2013 6:36pm EDT (Reuters) - China's plans to unlock what could be the world's biggest shale gas reserves risk running further off track after 16 firms awarded exploration rights in the latest auction lacked one core skill - not one has drilled a gas well before. http://www.reuters.com/article/2013/03/10/us-china-shale-idUSBRE9290GR20130310

How the US Shale Gas Boom Could Derail China Published: Thursday, 7 Mar 2013 | 3:41 AM ET By: Matt Clinch News Assistant With oil production at a twenty year high and predictions of a manufacturing renaissance for the U.S. economy, one of the world's largest investment banks has detailed how the "shale revolution" will negatively affect emerging markets such as China. http://www.cnbc.com/id/100531212

http://tech.fortune.cnn.com/ Exxon's big bet on shale gas April 16, 2012: 5:00 AM ET America's most profitable company now produces about as much natural gas as it does oil. CEO Rex Tillerson thinks the fracking party has just begun. By Brian O'Keefe, assistant managing editor FORTUNE -- For Rex Tillerson fracking is more than a revolutionary approach to drilling oil and gas -- it's part of his personal history. Simply mention the word to the CEO of Exxon Mobil (XOM) and he starts reminiscing about his days as a young engineer. It was 1976, and Tillerson had been sent to East Texas for his second assignment at the company. His job was to follow around rigs drilling for natural gas and "complete" the wells. That meant experimenting with a process known as hydraulic fracturing, or fracking. By pumping water, sand, and chemicals down into a well at high pressure, he could cause cracks in the stone where the gas was trapped and allow more of it to flow. ...