Energy Tomorrow Blog
Posted May 26, 2020
A deadly pandemic and crushed economies are bad ways to lower greenhouse gas emissions. Surprisingly, some environmentalists agree with us on that.
We offer these points in the wake of a new study showing a 17% drop in global carbon dioxide emissions in early April – as world economies were being shuttered to slow the spread of COVID-19 – perhaps to head off those who might be tempted to call a crippling pandemic and reversing two decades of economic growth good climate policy.
Not many folks would say such a thing out loud, because that 17% decrease wasn’t free. Not when you consider the horrifying loss of life and financial devastation that has impacted so many: jobs that might not come back, disposable income that can’t be replaced, businesses that are struggling or have gone under, manufacturing idled. And there’s more: surgeries and other health care put off or canceled, rising levels of depression and a palpable grimness across society.
Posted April 2, 2020
TC Energy’s announcement that it will proceed with building the Keystone XL crude oil pipeline is a big deal in terms of vital energy for America, jobs, economic growth and North American security. The 1,210-mile pipeline – able to safely deliver 830,000 barrels per day from Canada’s oil sands region in Alberta to the U.S. heartland – figures to be a significant, long-awaited progress toward helping secure this country’s future energy needs.
I say “long-awaited” because my first API writing assignment was about the KXL – nearly nine years ago!
Over that time the pipeline became a political football – a debate in which the basic facts were mostly incontestable: thousands of good jobs during KXL’s construction, tens of millions of dollars in property and income tax revenues to different levels of government and no significant effect on the climate or environment, according to the U.S. State Department, which conducted six comprehensive scientific reviews.
Posted March 9, 2020
From recent remarks to a meeting of the Aurora, Colorado, Chamber of Commerce and the Colorado Business Roundtable.
The Aurora Chamber aspires to be a catalyst, convener and champion of the Aurora business community. That caught my attention because at API, we see ourselves in much the same way, especially now, when the State of American Energy is one of leadership. America is the global leader in energy development, carbon emissions reductions and environmental performance.
Our industry is built on the catalysts who meet the world’s ever-growing energy demand, conveners who address the risks of climate change, and champions who promote all the Americans working 10.9 million jobs supported by the natural gas and oil industry.
Posted February 27, 2020
We’ve been making the point that political chatter about banning safe hydraulic fracturing and ending federal natural gas and oil leasing simply doesn’t make sense when you think about how far the U.S. has come in recent years – economic growth, increased energy security and consumer benefits – because of modern fracking, which is used for 95% of new wells in the U.S. today.
Thanks to a new study, we now know what that America would look like, and the picture isn’t good.
A new economic analysis conducted by OnLocation shows that if some politicians get their way and ban fracking and federal natural gas and oil leasing, the consequences could be crippling.
Posted February 25, 2020
Listen to API President and CEO Mike Sommers make the case for safe hydraulic fracturing – the chief reason the U.S. is the world’s leading natural gas and oil producer – during an interview with CNBC.
Sommers makes the affirmative argument for fracking because some presidential candidates are talking about banning it – as well as federal natural gas and oil leasing. Sommers said millions of good-paying American jobs, U.S. security and significant environmental progress could be at risk if those advocating a ban on fracking get their way.
The CNBC appearance was among interviews Sommers gave while in New York City last week. In each of them Sommers underscored the vast benefits to the U.S. from modern fracking technology.
Posted February 21, 2020
API’s new video, “The Costs of a Fracking Ban,” pulls no punches: Ending the technology most responsible for the U.S. energy revolution – as proposed by some politicians – would harm millions of Americans and weaken the nation’s security.
With 95% of new natural gas and oil wells developed with hydraulic fracturing, a ban on fracking most likely would end U.S. global leadership in natural gas and oil production and make America weaker, less secure. It would hamstring the economy and could cost millions of jobs. Average household costs could increase, and entire communities could be waylaid in the process.
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 March 9, 2019
To mark International Women’s Day, we have a new video featuring leading women from the natural gas and oil industry, including Susan Dio, chairman and president of BP America; Gretchen Watkins, president and U.S. country chair for Shell; and Stacey Nachbaur, Hess senior operations manager for upstream assets. Of course, the things these women say about the natural gas and oil industry are true every day of the year.
Our industry is high tech and critically important to the economy and powering modern life. Natural gas and oil are center stage in most geopolitical discussions, and natural gas is leading the way in reducing greenhouse emissions.
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 November 28, 2018
During an Explore Offshore discussion on Capitol Hill, it’s not hard to pick out the good reasons for safely and responsibly developing offshore natural gas and oil: long-term U.S. energy and national security, jobs and economic stimulus, revenues to states, global leadership and more.
There’s not a more compelling reason than the way offshore development can create hope and opportunity for people who historically have struggled to gain access to both – a point made by Stephen Gilchrist, Explore Offshore state chairman for South Carolina.