Energy Tomorrow Blog
Posted September 10, 2021
This week, API detailed the latest on three important ways the natural gas and oil industry is reducing its emissions. The information can be found in The Environmental Partnership’s new annual report, which outlines more than 90 companies’ recent work to cut significant sources of natural gas and oil emissions.
Some highlights and key actions from the annual report include reduced flare volumes, detecting and repairing leaks and replacing pneumatic controllers at facilities.
Posted September 9, 2021
Levying a fee on the methane emissions of the U.S. natural gas and oil industry, under consideration as part of the reconciliation package in Congress, is the wrong way to address emissions and could hinder the U.S. economy, national security and environmental progress.
This week API and dozens of organizations representing producers, distributors and users of natural gas, oil and natural gas liquids opposed the “Methane Emissions Reduction Act of 2021” in a letter to Senate Environment and Public Works Committee Chair Tom Carper (D-DE) and Ranking Member Shelley Moore Capito (R-WV).
Here are three reasons why a methane fee should be rejected by lawmakers on both sides of the aisle.
Posted September 2, 2021
As the administration looks to foreign nations to boost energy production, the House Natural Resources Committee’s baseline reconciliation bill, as unveiled, proposes a double-whammy of punitive policies to discourage U.S. energy development with new, targeted measures against the U.S. natural gas and oil industry. That combination could lower domestic production and boomerang the U.S. back to 1970s-era dependence upon foreign energy imports.
Most concerning, instead of advancing effective solutions that build on the nation’s progress in reducing emissions, the committee would inundate producers with a myriad of new taxes and fees to create a de facto natural gas and oil development ban on federal lands.
As the full committee works on the proposal, a course correction is urgent as the broader, multi-trillion dollar reconciliation package takes shape. Read on about why the committee’s proposal could harm the environment, weaken the economy and jeopardize America’s national security.
Posted August 17, 2021
The American Petroleum Institute (API) and 11 other energy industry trade groups filed a lawsuit on Monday in the U.S. District Court for the Western District of Louisiana challenging the U.S. Department of the Interior’s (DOI’s) indefinite pause on oil and natural gas leasing on federal lands and waters.
Following the lawsuit’s filing, DOI said it would resume oil and gas lease sales, even as it appeals a separate court ruling that said its pause on such sales likely violated federal law. Policymakers across the political spectrum agree that President Biden must end the indefinite federal leasing pause once and for all. Only then can America unleash its resource potential and safeguard our decades-long progress toward energy leadership and geopolitical security.
Posted August 5, 2021
This summer, Americans saw gasoline prices rise to their highest level since 2014 as Congress debated infrastructure policy and economies worldwide continued their recovery.
Gasoline prices primarily reflect the local balance between gasoline supply and demand. Notably, the cost of crude oil is the largest component in the price of regular gasoline, accounting for 55% of the per-gallon cost, according to the U.S. Energy Information Administration. Right now, demand for crude oil is outpacing supply across the U.S. ...
Given these conditions, it’s no time to restrict or discourage U.S. natural gas and oil production. Instead, government and industry should work together to expand the safe and responsible development of American energy resources. Unfortunately, while America’s natural gas and oil are in high demand, the Biden administration has advanced misguided policies that could exacerbate the crude imbalance and further affect consumers.
Posted June 21, 2021
Last week, the U.S. District Court for the Western District of Louisiana issued a preliminary injunction blocking President Biden’s policy pausing new natural gas and oil leases on federal lands and waters. The decision identified major limits on the federal government’s ability to restrict energy access and concluded that the Department of the Interior must resume lease sales, both onshore and offshore.
On behalf of U.S. natural gas and oil operators, API urges the administration to move quickly to comply with the court order and end the federal leasing pause.
Posted May 19, 2021
President Biden has committed the U.S. to bold reductions in economy-wide greenhouse gas emissions by 2030, nearly doubling our nation’s previously determined target. Policy experts have emphasized that we will need natural gas and oil to achieve these climate ambitions. …
Ushering in a lower-carbon future means addressing the growing, long-term demand for energy, while reducing greenhouse gas emissions at scale. There is no single solution to the climate challenge, but with a comprehensive, cross-sector approach, industry can work with government to drive meaningful progress.
Posted May 12, 2021
Since the Colonial Pipeline Company experienced a ransomware attack last Friday, the natural gas and oil industry has worked with government to bring a critical piece of infrastructure back online and use alternate methods of transportation to meet the nation’s energy demand. This is America’s largest fuel pipeline – spanning 5,500 miles from Texas to New Jersey – and normally delivers millions of gallons of gasoline, jet fuel and other petroleum products every day to consumers in the South and along the East Coast.
For now, industry stakeholders and energy experts are working with the Pipeline and Hazardous Materials Safety Administration (PHMSA) in the Department of Transportation (DOT), Environmental Protection Agency (EPA) and other federal agencies to alleviate short-term supply disruptions.
Posted April 22, 2021
This year, efforts to advance environmental progress and economic growth feel more urgent than ever. America’s post-pandemic recovery requires energy for transportation and everyday use, and our long-term climate goals demand immediate action to reduce greenhouse gas emissions worldwide.
These dual challenges are complex but not incompatible, and with the flexibility and scope of an economywide approach, the U.S. can deliver lasting solutions for sustainable human development.
API’s recently released Climate Action Framework establishes a roadmap for public policies and industry initiatives that can accelerate economy-wide emissions reductions, while expanding access to affordable, reliable energy. America has a strong track record of climate leadership, and with ongoing investment in technological innovations and a commitment to collaboration, we can achieve meaningful results.
Posted March 16, 2021
The natural gas and oil industry is committed to working with America’s energy stakeholders, including U.S. government regulators, to deliver affordable, reliable fuels and shape a lower-carbon future.
The Biden administration has taken office at a time when the U.S. leads the world in energy production and emissions reductions. The President’s nominees to oversee the Department of Energy, Department of the Interior and Environmental Protection Agency – Secretary Jennifer Granholm, Secretary Debra Haaland and Administrator Michael Regan, respectively – have signaled readiness to tackle the dual challenge of strengthening U.S. energy security and addressing the risks of climate change.