Energy Tomorrow Blog
Posted December 12, 2019
In case you missed it, the U.S. Energy Information Administration (EIA) recently confirmed (see here and here) what API indicated in its Monthly Statistical Report (MSR) for September: For the first time since the 1950s, the United States is now a net exporter of energy in total.
Achieving this milestone is important for America. It embodies a slew of economic benefits, including lower energy prices – also those due to supply growth – rejuvenated investment in resource development, processing and transportation. It also has helped U.S. refining, petrochemicals and manufacturing, which have weathered the storm of U.S. trade restrictions and a strong U.S. dollar that made exporting U.S. goods more challenging.
Posted March 18, 2019
In light of last week’s comment deadline for the U.S. Bureau of Land Management (BLM) Draft Environmental Impact Statement (DEIS) for Alaska’s Coastal Plain Oil and Gas Leasing Program, it’s important to remember just how critical natural gas and oil development is to the Alaskan economy, the Alaskan people, and the long-term energy security of the United States.
Posted August 15, 2018
Increased access to America’s offshore natural gas and oil would bring far-reaching benefits to coastal states, and the entire country. This is precisely why the diverse, bipartisan “Explore Offshore” coalition gathered today in Florida: because the strategic interests of Florida and our nation are tied to responsible development of offshore natural gas and oil..
Posted July 16, 2018
The numbers are in – the natural gas and oil industry leads all other sectors in compensation for U.S. workers, according to an analysis by Bloomberg. As an industry, we take pride in providing well-paying careers and opportunities for individuals and families, offering support for communities and driving local and national economies. So we’ll gladly accept Bloomberg’s verdict: “the best bet for U.S. workers.”
Posted June 11, 2018
Natural gas and oil touch nearly every aspect of life in Colorado – with responsible, well-regulated development that protects the environment and public health creating jobs and opportunity while providing significant support for public services, including the state’s education system. That’s broad message contained in a new report, “Progress and Opportunity,” just released by API.
Posted June 8, 2018
Our industry supports increased access to America’s offshore natural gas and oil. The benefits promise to be broad for coastal states and the entire country. Responsible development is safe, well-regulated and compatible with other uses, including those of our military.To advance the nation’s strategic interests that are tied to careful offshore natural gas and oil, API this week announced the launch of “Explore Offshore,” a diverse coalition of more than 100 local leaders, community organizations, businesses and associations from five Atlantic and Gulf Coast states that supports increased offshore access.
Posted May 2, 2018
The most recent federal Gulf of Mexico oil and natural gas lease sale was described in some media reports as “disappointing,” “modest” and “tepid.” But there’s another, more positive way to look at it.
First, every offshore lease sale the federal government holds is welcome by industry, because each represents new opportunity for the market to work as it should – with companies making investment decisions based on the potential for significant natural gas and oil production.
A more important point underscored with the Gulf sale is one we’ve been making for some time – that the federal government needs to make available new offshore areas for study, research, exploration and development.
Posted March 29, 2018
Recent analysis of the potential economic benefits of offshore natural gas and oil, finding that coastal states and the nation could see billions in annual industry spending, job creation and federal revenue sharing dollars over a 20-year period, has the attention of leaders in one of those key states – Virginia.
A group of 21 Virginia businesses, associations and other organizations have written to federal officials in support of opening more of the U.S. outer continental shelf (OCS) to safe development. The comments were filed with the Bureau of Ocean Energy Management (BOEM), which is putting together a new federal offshore leasing plan that will blueprint development from 2019-2024.
Posted March 23, 2018
Safely tapping America’s offshore natural gas and oil reserves could provide billions of dollars for the economies of coastal states – a big reason why the needs and voices across entire states, not just their coastal areas, must be considered in the offshore energy conversation.
For example, federal revenue sharing could help transform state economies by sending billions in royalties, rentals and fees to state coffers. By putting revenue-sharing programs in place – like those already working for the states of Alabama, Louisiana, Mississippi and Texas – North and South Carolina, Virginia, Florida, Georgia and other states could benefit from offshore energy development.
Posted October 11, 2017