Energy Tomorrow Blog
Posted January 2, 2019
Trade talks at the recent G-20 might have produced a ceasefire for one front in the trade war, but collateral damage continues to mount.
Before the holidays, retailers warned that the Trump administration’s tariff policies could raise prices on everything “from cribs to Christmas lights.” They were right. The Tariffs Hurt the Heartland coalition recently announced that Americans would pay more to light the tree this year. The vast majority of our holiday lights come from China, which means they were subject to a new 10 percent tariff this year – another casualty in the ongoing, multi-front trade war. …
Likewise, tariff and quota policies are hitting America’s natural gas and oil industry from multiple directions. We can’t operate without steel to drill wells that produce energy; operate refineries that turn it into gasoline and a variety of other essentials; and build pipelines, liquefied natural gas (LNG) export terminals and petrochemicals plants.
Posted October 8, 2015
These things are true:
- The U.S. gets the majority of its energy from oil and natural gas, and is projected to continue to do so for decades.
- Since 2005 U.S. production of natural gas is up 43 percent.
- Since 2008 U.S. production of crude oil is up 88 percent.
- U.S. air quality continues to improve, with concentrations of carbon monoxide down 60 percent, ozone down 18 percent, lead 87 percent, nitrogen dioxide 43 percent, particulate matter 35 percent and sulfur dioxide 62 percent since 2000.
- The federal U.S. budget deficit for FY2015 was $435 billion.
- The U.S. trade deficit rose in August as exports hit a three-year low.
- Since 2008 our working age population has grown by over 16 million, while employment is up 8.5 million, leaving the U.S. at odds with trends in other countries.
- U.S. poverty and wages are stagnant, and it is getting harder for people to move beyond a minimum-wage job.
- Americans' trust in the federal government's ability to handle domestic problems has reached a new low.
These things are true, and thus, when presented with bipartisan legislation to reduce consumer fuel costs and the trade deficit while increasing U.S. investment, domestic crude oil production, GDP and government revenues and creating good paying jobs – all via U.S. crude oil exports – the White House obviously had no choice but to … threaten to veto it.
Posted July 9, 2014
Hydraulic fracturing is a proven, safe technique that has been used since 1949 in over one million wells right here in the U.S. As a result, America is now the number one producer of natural gas in the world, and by 2015, it is expected that we will take the top spot in crude oil production. Of course, with this success, come both benefits and challenges.
Posted June 11, 2014
Having read the U.S. National Energy Technology Laboratory (NETL) report, “Life Cycle Greenhouse Gas Perspective on Exporting Liquefied Natural Gas from the United States,” published on May 29, 2014, we are puzzled by the skewed conclusions reached by the Washington Post:
“That U.S. exports of LNG to China could end up being worse from a greenhouse gas perspective than if China simply built a new power plant and burned its own coal supplies.”; and that “the benefits of cleaner, more efficient combustion of natural gas are largely offset by methane leakage in U.S. production and pipelines and by methane leaks and energy used in the process of liquefying and transporting the LNG.”
A correct reading of the report reaches a completely different conclusion. After accounting for all the methane leakage factors mentioned by the Post, the NETL study clearly demonstrates that life cycle GHG emissions from LNG exports from the U.S. are significantly less than emissions from coal generated electricity in China and in Europe.
Posted January 21, 2014
The Washington Post had an interesting article last week on a letter sent by 18 environmental groups to the White House. Interesting because it shows the extreme disconnect between their acknowledgement of reality and their demands. First the reality, from their letter:
“We understand that the U.S. cannot immediately end its use of fossil fuels and we also appreciate the advantages of being more energy independent.”
This is a huge, and welcome, admission of the energy reality that oil and natural gas provide and will continue to provide the energy the American people and American economy need.
Posted September 5, 2012
In this time of stubborn unemployment, jobs are number two on the list of top policy priorities for the American people. This is why it is easy to get angry about the jobs lost by the administration’s decision to say no to the Keystone XL pipeline, a pipeline that would end up delivering around 700,000 barrels of oil per day by 2020.
Posted August 27, 2012
Ridiculing a New York Times editorial blog is like shooting unusually large fish in a barrel, but this one from last Friday is so fantastical and extreme that a commitment to an honest debate on energy compels me to fire away. And we don’t have to go far to start the fact check, as they lead with:
"The simple truth, as President Obama has recognized, is that a country that holds less than 3 percent of the world’s reserves but consumes more than 20 percent of the world’s supply cannot drill its way to energy independence."
Posted April 2, 2012
Update: The author has changed the article, without noting so. Original article here. The new article suffers from many the same problems in that it fails to note that the majority of the money involved is through government efforts to lower prices in developing countries. As the IEA notes ending this support will shift "the burden of high prices from government budgets to individual consumers…" and that “…low-income households are likely to be disproportionately affected by the removal…”
We see a lot of false arguments about “subsidies” for the oil and natural gas industry, but this tweet caught us by surprise...
Posted March 16, 2012
Yesterday President Obama gave a campaign speech centered around energy policy. In it he said:
“There’s a problem with a strategy that only relies on drilling and that is, America uses more than 20 percent of the world’s oil. If we drilled every square inch of this country -- so we went to your house and we went to the National Mall and we put up those rigs everywhere -- we’d still have only 2 percent of the world’s known oil reserves. Let’s say we miss something -- maybe it’s 3 percent instead of two. We’re using 20; we have two. Now, you don’t need to be getting an excellent education at Prince George’s Community College to know that we’ve got a math problem here. I help out Sasha occasionally with her math homework and I know that if you’ve got two and you’ve got 20, there’s a gap. (Laughter.) There’s a gap, right?”
Posted March 13, 2012
Opponents of increased domestic oil production like to portray the U.S. as being helpless in the face of worldwide events. This argument sometimes takes this form:
… with only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices – not when consume 20% of the world’s oil.