Energy Tomorrow Blog
Posted August 19, 2019
Even with natural gas playing a leading role in reducing U.S. energy-related carbon dioxide emissions to their lowest levels in a generation and strong industry initiative to keep lowering production-related methane emissions, natural gas opponents remain on the attack, including a new study that's critical of natural gas from North American shale (see rebuttals, here and here).
More authoritative and trustworthy is the National Oceanic Atmospheric Administration (NOAA), which issued these methane-related conclusions in a study published earlier this year …
U.S. natural gas has proven environmental and climate benefits, and it’s critically important here at home and around the world, helping to reduce energy poverty and improve peoples’ lives.
Posted July 26, 2019
Historically, tensions in the Strait of Hormuz – like those currently between the U.S. and Iran – would portend serious price impacts for American consumers. But not anymore, thanks to the U.S. energy revolution. As it turns out, America’s strongest defense against crude oil supply disruptions is our homegrown energy offense.
Posted July 22, 2019
Natural gas and oil play a role in virtually all aspects of modern life, powering the products and processes that get us from point A to point B, and serving as building blocks for the materials, products and tools that keep us happier, healthier and more connected than ever before.
Posted June 12, 2019
The U.S. energy revolution continues to surge ahead – but you might not know it from some recent headlines: “The Shale Boom Is About To Go Bust” (Oil Price.com); “Oil Wells Aren’t Producing as Much as Forecast” (Wall Street Journal); “U.S. Oil Production Is Headed For A Quick Decline” (Oil Price.com)
Actually, domestic natural gas and oil production continues to expand. See API’s most recent Monthly Statistical Report. For some of the same reasons economists are so bad at predicting recessions, sometimes analysts may struggle to accurately project where U.S. energy is heading. After all, the shale revolution’s prospects have been underestimated since it launched.
Posted May 17, 2019
It seems like each winter we see consumers in New England suffering not just from freezing temperatures but also the highest energy prices in the country (see here and here) – largely because there’s not enough natural gas infrastructure to serve the region during periods of peak winter demand. This past winter, the news was a little bit better.Natural gas prices generally follow seasonal patterns and tend to rise in the winter. For example, the U.S. Energy Information Administration (EIA) has suggested
that liquefied natural gas (LNG) imports helped to moderate energy price spikes in the region this year. ...
Still, domestic infrastructure constraints in New York and New England mean that residents remain faced with relatively high and uncertain energy prices plus the possibility of winter shortages – not to mention the unnecessary stress those conditions put on the region’s power grid.
Posted February 12, 2019
Recent tweet from the American Enterprise Institute’s Mark Perry includes a chart that vividly illustrates one of the biggest benefits of the U.S. energy revolution. First, it plots soaring U.S. net petroleum imports, which peaked at 60.3 percent in 2005, and then logs the plunge to just 12.1 percent last year. The thing that caught my eye in Perry’s tweet is that the time frame for his graph, 1957-2018, is pretty much the span of this blogger’s life.
Most importantly, in one generation, the United States has gone from steadily growing energy dependency to a nation that’s largely in control of its energy destiny. It’s a turnabout many of Americans never thought possible. Remarkable. Breathtaking. Or, as Perry tweets, amazing.
Posted December 28, 2018
Thinking about the year in energy in 2018, a couple of recent news items focus attention on the sea change for our country launched by the U.S. natural gas and oil revolution.
These energy riches and the technical ability to harness them mean that increasingly, the U.S. is in control of its future. Energy security means a nation that isn’t constrained by energy concerns the way it was less than two decades ago.
As Americans looking ahead to 2019, let’s pause to consider the impacts of America’s new energy reality. We should be impressed and thankful for the opportunities that go with being the globe’s leading energy producer.
Posted February 1, 2018
– the most in half a century. Three big takeaways: America is stronger and our future is more secure; our industry's technologies are building a better future; and U.S. energy is in it for the long haul.
Posted September 13, 2017
A special thanks to U.S. Rep. Gene Green of Texas, who shared some thoughts about energy production associated with his Houston-area district, as well as an update on recovery efforts there after Hurricane Harvey, during an API Hill communicators event on Wednesday. ... Green described some of Hurricane Harvey’s impacts, and API President and CEO Jack Gerard, who hosted the event, said lots of Americans have the Texas-Louisiana Gulf Coast and Florida in their thoughts after Harvey and Irma. Gerard said the storms’ impacts help underscore the essential quality of accessible, reliable energy.
Posted July 28, 2017
The latest severance tax proposal in Pennsylvania, targeting natural gas production as well as consumer items and services, is a story of lawmakers risking harm to ongoing energy activity and economic growth – already providing significant benefits to people all across the commonwealth – instead of working to expand opportunity through pro-growth policies. Unfortunately, the tale being written by the state Senate could be about less natural gas production (and potentially less revenue to the commonwealth), less economic growth and fewer benefits to Pennsylvanians.