The Future of Energy in the U.S. Lies in Natural Gas

It is often said that change is the only constant. And that rings true even in the energy industry. Like many great technologies that eventually become obsolete, today’s electric grid is aging and unable to keep up with changing times. It was not created to survive strong winds, storm surges, and other severe forms of weather, nor is it adequate to meet the demands of America’s increasingly digital and connected economy. Most people do not view natural gas as an alternative source of energy, but it has a long history as a fossil fuel. With new and emerging technologies for extracting, storing, and transmitting the gas, it is becoming more popular.

The North American natural gas infrastructure is a highly integrated distribution grid of producing wells, gathering lines, processors, transmission and distribution pipelines, compressor stations, and storage facilities. It can transport natural gas to and from nearly any location in the lower 48 States with over 90% efficiency. Currently, most residential uses for natural gas are confined to heat their homes and cook with. But natural gas is a viable option to power their homes as well, due to the growth from natural gas that enables power-producing utilities to transmit the power to consumers to power their lives.

Currently, natural gas is serving over 75 million customers with near 100% reliability. From a costs perspective, natural gas storage provides a great amount of flexibility for the gas grid. Today, there are over 400 operational gas storage fields underground. These enormous, battery-like energy producers allow power generators to speed up workflow, manage imbalances and maintain reliability during disruptions in production for either processing or off-shore delivery.

It should come as no surprise then, that the natural gas infrastructure is creating many more jobs in America. The demand is so high, in fact, that many companies will be forced to replace up to half of their workforce over the next 15 years due to the shale oil and gas boom, and the influx of baby boomers reaching retirement age. Hence, many current jobs will become available, in addition to the numerous new jobs that will be created to meet rising demand.

The conventional electric power grid may have been the force that brought America to where it is today and it may still enjoy some modest economic growths; however, this will soon change. The natural gas grid plays a key role in our energy independence and is where the future of energy lies in the United States.  For more information on pursuing a career in the energy industry, please contact FootBridge Energy Services today.

America Poised to be Top Oil Producers by End of 2020

Growing technological advances and rises in natural gas and oil are quickly earning North America a spot at the forefront of the world’s oil and gas industry. Thanks to the boost in oil and shale gas production, the U.S. has found itself in a true energy renaissance. If current trends in hydraulic fracturing and horizontal drilling continue, the U.S. will become the world’s top oil producer by the year 2020, surpassing even Saudi Arabia.

Despite the recession’s onset, 2008 was a milestone year for the energy industry. More efficient and less expensive drilling technologies spiked a boom in oil and natural gas production. These technological developments have enabled drillers to essentially see through the bottom of rock as if it were transparent and extract the oil more accurately and with more safety.

By 2015, U.S. Oil production is expected to rise to 10 million barrels per day and increase to 11.1 million barrels per day by 2020, outpacing the current top two oil producers, Russia and Saudi Arabia.  Although Saudi Arabia has long been the price setter in the global oil markets, it is no longer clear if the kingdom will be able to continue that trend as the U.S. becomes more self-sufficient. It is expected that by 2030, the U.S. will officially export more oil than it brings in.

The oil and natural gas industry is not only beneficial for companies and consumers from a revenues and consumption standpoint; it is creating a multitude of new job openings, and in turn, also greatly helping the staffing and hiring industry. The oil and natural gas industry is significantly contributing to the U.S. economy as one of the nation’s largest employers as well as purchasers of goods. Today, an estimated 9.2 million people are either directly or indirectly employed by the oil and natural gas industry, and that number is only expected to grow. Another 1.2 million U.S. jobs are expected by 2020 and another 3.5 million jobs are expected by 2035 – all stemming from the oil and natural gas industry.

If you are searching for a new job or considering a career change, the energy industry may be the right fit for you. As one of the steadiest job fields during the recession with enormous growth potential, there are few opportunities offering greater job security. If you are looking for more information on careers in the energy industry, please contact the energy staffing experts at FootBridge Energy today!