Thursday, May 26, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found


VideoFound: Shepherd mix, showed up near C.R. 307 and C.R. 317, La Vernia, about one week ago, has orange collar with no tags. 210-385-2892.
*Includes FREE photo online! mywcn.com/lostandfound
Reward! Lost: Fox Terrier, white and orange female, named Sara, no collar, went missing May 1, near F.M. 775 and 3432. Call Lindsay at 210-284-0094.
More Lost & Found ads ›

Help Wanted

Billing clerk: Must have Quick Books and Open Invoice experience. Cortex software is a plus. MS Office applications, computer equipment, scanning, and filing a must. Application - call Engineered Well Service Floresville, Texas, 830-216-0509.
Automotive paint and body shop seeking qualified technician. Call 210-912-8266 or inquire at 13740 U.S. Hwy. 87 W., La Vernia.
More Help Wanted ads ›

Featured Videos





Video Vault ›
RE/MAX homeTNMCRichardson Chevrolet home
You’ve been granted free access to this subscribers only article.

Section A: General News


Eagle Ford: Be bullish about American economy




E-Mail this Story to a Friend
Print this Story
Guest Column
July 31, 2013 | 2,718 views | Post a comment

By Bernie McGinn

You’ve probably already heard about America’s “shale gas revolution.” Skeptical? You shouldn’t be. This isn’t mindless hype. The rapid expansion of the domestic gas sector is driving the reindustrialization of huge parts of the American economy and setting this country up for sustained growth in the future.

To truly appreciate the economic potential of America’s natural gas reserves, you need to cast aside old perceptions of the energy industry. This is a whole new ball game.

In 2008, oil reached $145 a barrel, gasoline over $4 a gallon, and natural gas over $10 per million British Thermal Units -- a technical, industry-standard measure acronymized to “BTU.” At the time, many experts were predicting energy prices were set to rapidly rise. They assumed supply would contract while demand continued to increase.

Half of that equation turned out to be wrong. Energy demand has certainly expanded, but so has supply -- dramatically. The old saying that “high prices kill high prices” held true. America’s energy companies heavily invested in new energy production and extraction technologies, fueling a natural gas renaissance. The president himself has declared that America is now the “Saudi Arabia of natural gas.”

In just the last five years, America has overtaken Russia as the world’s largest gas producer. That’s no small feat, especially considering that in 2005, the United States was coming off a decade of declining gas production.

Technological innovation has empowered energy firms to develop previously unreachable gas deposits. Supply has gone up and price has gone down. Today, natural gas prices in Europe and Asia are three to four times higher than here in the States.

Cheap gas has reinvigorated industries that were previously thought to be in permanent decline. Take the steel industry. Natural gas exploration and development requires a significant amount of steel for tubes, pipes, and joints. This demand has driven significant growth in steel manufacturer sectors throughout the country.

What’s more, steel plants run on gas -- a drop in per-BTU price lowers plant operation costs and expands revenue margins.

In large part because of the economic benefits of expanded natural gas production, American steel companies have invested more than $1.5 billion in recent years to increase production capacity and reopen plants that were once deemed uneconomical.

And the steel industry is just the start. Other energy-intensive industries like manufacturing, agriculture, and petrochemical production have also benefitted enormously from expansions in American natural gas production.

From an environmental perspective, natural gas is also a clear win. Burning gas releases 50 percent less carbon emissions than coal, and 30 percent less than oil.

New research from the U.S. Energy Information Administration finds that in 2012, energy-related carbon emissions fell to 1995 levels. That’s all the more remarkable given that between 1995 and 2012, America’s economy grew 50 percent and our population added 50 million people. This drop in emissions has in part been driven by the environmental advantages of natural gas.

Of course, there is still more work to be done to further reduce carbon emissions and avoid catastrophic global temperature changes. But natural gas has emerged as the ideal bridge fuel to move American industry from oil to renewable energy. Continued expansion in domestic production will fuel sustained economic growth in a broad swath of industries. The American gas renaissance is a shining example of this country’s incredible resilience and ingenuity -- precisely the traits that will keep us leading the world economy for decades to come.

Bernie McGinn, CFA, is the president and chief investment officer of McGinn Investment Management, based in Alexandria, Va. He is also portfolio manager of the Union Street Partners Value Fund..
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Section A: General News Archives


Full article available to Wilson County News subscribers only. Click here to subscribe. American Legion ceremony (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Annexation for fire services will be on November ballot (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Boy Scouts, Girl Scouts to honor fallen heroes (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Camino Real plans Open House events (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Chief Hull resigns from Poth police (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. County sets sights on new tax (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Grim choices have put America in a grave situation (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: On the other side of politics in a world of digital divide (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Fire, EMS services — Who’s got you covered? (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. It’s okay to take control (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Free ride over hard work … a no-brainer! (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Housing Foundation expresses gratitude (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Mainstream media ‘brainwashing’ Hispanic/Latino voters (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Wilson County Memorial Hospital District (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Memorial Day office closures (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. One viewpoint: Making Floresville marketable with recreational facilities (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Parish plans Cemetery Ceremony (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police arrest man in case of burned body (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police ticket six for violating cell phone ban (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Post 539 service (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Poth electric vehicle users could be in for a shock (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Poth High School students earn awards (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Severe storms shred Wilson County (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. SSCA ceremony (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Teacher salaries, student lunch prices on the rise (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Tejano music to fill the air during Labor Day event (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Turner: New businesses coming to Floresville (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Berger earns Ph.D. from Columbia University (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Brahma Happenings (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Burning body spurs murder investigation (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Can I negotiate? (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Narrow views promote intellectual, moral dry rot (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: The political climate in America goes from bad to worse (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Falls City ISD’s new K-12 building almost complete (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville parks master plan would relocate ball fields (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville parks plan wins council approval (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Foundation awards $9K in grants (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Foundation opens health grant process (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Graco recalls booster seats (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Grass fires on the rise (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: An open letter to Congress (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Illegal immigration: Who will laugh last? (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: What Hispanic vote? (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Lone Star Greys to meet (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: La Vernia City Council (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Poth ISD (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police recover one of two stolen trucks (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Register for free watercolor lesson (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Stockdale campus to get upgrade soon (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Stockdale City Council approves electronic payment processing (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. TAMU-SA matches student scholarships (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Time to make plans to attend Jubilee (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Want fire protection? Attend May 19 hearing (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Acme Gold Buyers marks fifth year in Floresville (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. All Veterans Job Fair (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Cemetery group to meet (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Children’s Alliance enhances care services (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. China Grove mayor, police chief trade barbs at meeting (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Commissioners lukewarm toward hot coffee at library (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Competency and integrity (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Coy to get Ranger Cross (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Cub Scout Roundup (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Donate blood in May (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editor: Trump’s candidacy sets in motion affliction in future elections (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: The voters have spoken — well, some of them have! (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Former Sutherland Springs VFD considered as a substation (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Free caregivers class starts May 26 (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Information sought in Walmart theft (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Lack of super majority vote keeps Clean Water Rule flowing (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Leetter: The government is a terrible investor (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Injection well site is near river, creeks (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Stop being negative (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. LV youths win new wheels at Bike Rodeo (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: La Vernia ISD (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Mineral rights workshop set (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Miss LV Pageant, Bluebonnet Parade, graduation fill La Vernia calendar (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. New Wilson County justice center nears completion (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Personalized brick for Veterans Memorial (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Precinct 3 primary runoff is May 24 (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Rangers to honor Lorenz (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Rohrs takes over Floresville athletics (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Tanneberger qualifies for Executive Club membership (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Voters respond: One bond passes, another fails (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Wednesday morning crash injures nine (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. AACOG plans public meeting (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Accident injures two drivers (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. AgriLife offers tips to protect from Zika, other mosquito-borne diseases (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Behind the lens: Solitary stillness (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Celebration Mass June 12 (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Cemetery association meeting (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Condos are fine, but do your research (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Crime Stoppers aids police anonymously (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. DA, DPS bust nets 86 charges (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Debate over citizens comments dominates Floresville council (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Dwellings At Home offers lodge, ranch furnishings, more (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Overbearing city council threatens boards’ independence (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Taking personal responsibility will bring possibilities (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Trump is the same old song with one more verse (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FEDC tables recommendation of master parks plan (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FELPS tornado repair continues as FEMA help stalls (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville Chamber Luncheon May 18 (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Hall of Fame inductees: Joe Kotwig, Malcolm and Beverly Talley (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Alamo Colleges: A bust for Floresville (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Local nursing homes plan Senior Olympics May 9-13 (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Look twice for motorcycle riders (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Lyssy’s vault earns gold, sets records! (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Medicaid, CHIP application assistance (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Wilson County Commissioners Court (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. National Day of Prayer May 5 (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Ramirez promoted to colonel (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Reserve a seat for SA Tea Party (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Tanneberger tops in sales (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Treviño prepares to take reins of East Central athletics (May 4, 2016)