Energy Tomorrow Blog
Posted September 9, 2019
One of the things I do often on behalf of API is to speak publicly across the United States, emphasizing how the energy revolution has continued to benefit consumers. On the topic of natural gas and electricity generation, a common thread has emerged: Natural gas has generally led to lower energy-related carbon dioxide emissions and lower electricity prices across the nation.
To those who follow the industry, this may be no surprise given that clean natural gas has supplanted coal as the leading energy source for generating electricity in the U.S. Part of this is natural gas’ competitiveness in the marketplace. Thanks in part to the shale revolution, real natural gas prices at Henry Hub decreased 37% between 2010 and 2018 – and as of August 2019 were down by another 15.6% y/y.
Posted July 24, 2019
An important test of energy leadership is whether elected officials will act to enhance and protect strategic energy interests – a point we made in a post last week about smart, forward-looking policies that foster safe and responsible offshore energy.
A leadership corollary: First, do no harm.
We say that because, in a nation that’s the No. 1 producer of natural gas and oil in the world, leaders shouldn’t be making energy decisions that hurt those they’re supposed to serve. Unfortunately, in New York, there has been quite a bit of pain inflicted on New Yorkers by the Cuomo administration’s energy agenda.
Posted June 27, 2019
As we head into the second night of debate among contenders for the Democratic nomination, and another opportunity to hear how the candidates plan to address the risks of climate change, let’s take a moment to remember that the U.S. natural gas and oil industry is already developing energy solutions to help address the issue while ensuring that American families have access to the reliable and affordable energy they depend on.
No discussion about the need to reduce carbon emissions is complete without acknowledging the key role that natural gas has played and will continue to play going forward. America is leading the world in reducing carbon emissions largely because of clean natural gas.
Posted June 25, 2019
Ten years ago this month the Waxman-Markey cap-and-trade bill died in Congress, and many still argue for a legislative solution to the challenge of U.S. greenhouse gas emissions. Happily for the United States, there’s a solution right under our feet – one that has led the way on emissions reductions, eclipsing what supporters of Waxman-Markey projected for their proposal, while fueling American economic growth and a range of consumer benefits.
It’s natural gas. Together with advanced technologies, many of them innovated by our industry, abundant natural gas has been the agent for progress on multiple fronts.
Posted May 14, 2019
Next month the Connecticut Siting Council is scheduled to hold an important vote on a proposed natural gas-fueled power plant near Killingly, the Killingly Energy Center. The plant should get the council’s go-ahead, as it would help meet growing consumer demand while supporting badly needed stability in the regional power grid.
The plant would produce enough electricity for 500,000 homes. In addition to generating electricity, the facility would generate $110 million in local tax revenue over the next two decades while helping the state advance its climate goals (more on that below).
Most importantly, consumers would get needed help.
Posted January 22, 2019
Natural gas and oil are integral in all parts of modern life, every hour of every day. They serve as the building blocks for products and components associated with health care, clean water, education, entertainment, communications, art, agriculture and more. They fuel our transportation and power our 21st-century electricity grid – while making possible so many products that make life easier, healthier and safer.This message was one of the takeaways from API’s recent State of American Energy event, and is captured in our latest video, “America’s Generation Energy.”
Posted August 21, 2018
With EPA unveiling its proposed new rule to reduce greenhouse gas emissions from power plants, there’s already lots of discussion of whether the proposal is an improvement over the rule it would replace – whether a regime may focus on the utility sector as a system or needs to focus on individual sources.
Be that as it may, we’ll go back to the main point we made amid discussion of the Obama administration’s Clean Power Plan (CPP), which EPA’s new proposal would replace:
Thanks to clean natural gas and its selection by the market as the leading fuel for electricity generation, U.S. carbon dioxide emissions from the power sector have plunged – without the CPP’s implementation. According to EPA's fact sheet, CO2 emissions from the power sector decreased 28 percent from 2005 through 2017.
Posted July 18, 2018
There’s talk about reducing greenhouse gas emissions – and then there’s taking steps to produce measurable results. The United States is in the second category, with the natural gas and oil industry playing the leading role.
Two charts from the American Enterprise Institute’s Mark J. Perry help illustrate: First, using data gleaned from BP’s Statistical Review of Global Energy, Perry shows that the U.S. led the world in reducing carbon dioxide emissions in 2017.
Posted March 8, 2018
The CERAWeek conference turned its attention to the nation’s electricity system, with lots of talk about renewables, power storage, wholesale markets and the like. Most interesting was Federal Energy Regulatory Commissioner Rob Powelson’s calling out of states that have adopted or are considering anti-natural gas policies. Check it out in my latest CERAWeek update.
Posted February 13, 2018
There are important reasons natural gas is the United States’ primary fuel for electricity generation – and will be in the years to come, according to the U.S. Energy Information Administration (EIA): 1) Natural gas is abundantly available – thanks to America’s energy renaissance; 2) Natural gas’ affordability has made it competitive in the marketplace; and 3) Among all the fuels used for power generation, natural gas is the definition of reliability – uniquely positioned as a fuel to furnish key attributes that ensure the health of the modern electricity grid.