Energy Tomorrow Blog
Posted December 1, 2020
The year has brought extreme and at times contradictory information about the economy and our industry, making it increasingly difficult to determine whether the economic recovery has gained firm footing and ultimately traction, in which natural gas and oil will play a key role.
Importantly, we currently see well-grounded pillars for expected U.S. and global economic growth over the next two years – personal consumption expenditures and investment that generally represent the majority of GDP. These could kickstart new economic growth and prosperity that will not only require but fundamentally be enabled by oil and natural gas.
Posted February 11, 2020
Lansing, Michigan, has come a long way since the days of high unemployment and general malaise, when people joked that the last person to leave Michigan should turn out the lights. Today, Lansing is on the rise – one of many communities across the country that have been helped by the empowering nature of abundant U.S. natural gas and oil (see API’s 2020 State of American Energy report).Lansing is home to new auto manufacturing plants, and the municipal utility, Lansing Board of Water & Light (BWL), is replacing the last of its coal-fired generation facilities with a $500 million natural gas-fueled power plant.
Posted February 3, 2020
Energy – essential for growth and opportunity – is America’s strong suit, thanks to abundant domestic natural gas and oil. It’s a key driver in the national economy and also local economies, in places like Eau Claire, Wisconsin.
This is Energy Progress, the theme of API’s State of American Energy report. They’re living it in Eau Claire.
Posted January 24, 2020
There might not be a better example of the broad, empowering effects of abundant U.S. natural gas and oil than Aurora, Colorado. The city has emerged from Denver’s shadow on the strength of more than a dozen thriving business sectors – with energy underlying growth. It’s why API’s 2020 State of American Energy report profiled Aurora and six other communities to show how natural gas and oil are fundamental to economic expansion, job creation and rising opportunity across the U.S.
Kevin Hougen, Aurora Chamber of Commerce president, describes the city as diverse culturally and in industry, which is attracting new people from a range of career paths, from bio-science and healthcare to cybersecurity, aerospace and the military.
Posted January 22, 2020
American energy abundance has been foundational to growth and opportunity across all business sectors – from agriculture and manufacturing, to logistics and banking. The natural gas and oil industry, and its extensive supply chain, supports job creation and consumer savings in U.S. communities like Red Wing, Minnesota.API’s State of American Energy report spotlighted Southeastern Minnesota, where residents are experiencing the unique benefits of the U.S. energy revolution.
Posted January 17, 2020
API’s State of American Energy report is focused on the growth and empowerment that natural gas and oil provide to communities across the United States. Las Cruces, New Mexico, is one of them. Thanks to abundant, affordable energy, cities and towns like Las Cruces are on the move, with opportunity expanding before them.
Posted January 14, 2020
America’s natural gas and oil revolution has benefitted cities across the nation by fueling manufacturing, boosting agriculture and growing local economies. Case in point: Moon Township – located northwest of Pittsburgh – which was highlighted in API’s annual State of American Energy report for its thriving small business community.
Energy development in the Marcellus Shale has restored the economy of Western Pennsylvania, creating good-paying jobs that helped residents weather the recession during the first decade of the 21st century.
Posted January 10, 2020
The economic benefits of the nation’s energy revolution – empowering broad sector growth and opportunity – are tangible all across the United States, and are illustrated in API’s new annual report, “This is Energy Progress.”
Virginia’s Hampton Roads region is just one example, where households, businesses and military installations are helped by abundant domestic natural gas and oil. While Virginia isn’t a top producing state, plentiful and low-cost energy resources empower the shipping and tourism economy and strengthen the armed forces that are so visible locally.
Posted January 8, 2020
The U.S. is the global leader in energy production, carbon emissions reductions and environmental performance. In 2020, the State of American Energy is one of leadership in natural gas and oil development and ongoing progress toward global climate solutions.
For decades, U.S. energy policy has focused on reducing our dependence on foreign natural gas and oil – the outlook was often defined by scarcity, rather than abundance. Each of our last seven presidents understood that clean, affordable and reliable American energy is essential to both economic growth and national security. And today, our nation has achieved this hard-fought, bipartisan goal.
Posted May 30, 2019
A new Colorado law handing more control over natural gas and oil operations to municipalities, authority that used to reside with the state, risks another law – the law of unintended consequences – that could deal a serious blow to one of our country’s leading energy-producing states.
This week the city of Broomfield became the seventh Colorado community to impose a ban on new natural gas and oil development since introduction of Senate Bill 181, which became law last month. …
Before SB 181’s passage, industry warned the law could disrupt responsible natural gas and oil development by hatching a patchwork, unpredictable regulatory system across the state – with the unintended consequence of imperiling energy development and jobs and economic growth. Regulatory uncertainty can chill sizeable investments in new operations that often have significant lead times
Unfortunately, that uncertainty appears to be growing in Colorado – with national implications because the state ranks sixth in both natural gas and oil production.