Energy Tomorrow Blog
Posted June 26, 2020
Pennsylvania promises to again be a battleground state this year, and former Vice President Joe Biden was in Lancaster this week to talk about health care and the coronavirus. At some point voters in the nation’s No. 2 energy-producing state will want to know what he thinks about natural gas and oil.
Our industry supports hundreds of thousands of jobs in Pennsylvania, furnishes tens of billions of dollars in wages and contributions to the commonwealth’s economy. Nearly $2 billion in impact fee revenue from natural gas production has gone to the state – distributed to counties and municipalities to fund public safety, water and sewer projects, environmental programs and more.
Natural gas and oil are critical to Pennsylvania and to the United States, and any policy or program that would ban or severely restrict safe fracking, impacting natural gas and oil production, could have significant energy and economic effects. It’s not just API making the policy argument for energy and against banning fracking.
Posted February 6, 2019
Tuesday night’s State of the Union message was aimed at Washington finding common ground to work for the American people. President Trump said policymakers should embrace the “boundless potential of cooperation, compromise and the common good.” It struck a chord; more than seven in 10 Americans said they liked the speech’s approach and tone.
The challenge now is to move beyond rhetorical flourishes to action. Think: energy. In the quest for the common ground to do the common good, lawmakers can start with energy.Energy is America’s strong suit.
Posted March 28, 2017
A couple of important points may be drawn from President Trump’s “Energy Independence” executive order, and both stem from the new administration’s embrace of the ongoing U.S. energy renaissance. The first is that energy policy from Washington should foster continued safe oil and natural gas development and allow its responsible expansion, so that the country sees job creation, economic growth and increased security. Second, common-sense regulation and more efficient oversight support a competitive U.S. energy industry – that reasonable regulation and streamlined permitting will help create the climate for energy investment that America needs.
Posted January 10, 2017
President Obama has a piece in Science magazine, that notes the “decoupling” of U.S. economic growth and energy-associated carbon emissions in recent years and largely attributes this new trend of growth and falling emissions to increased use of cleaner-burning domestic natural gas. … On this the president is singing our song (see here and here) – and he’s certainly welcome to do so.
Posted December 21, 2016
Posted October 11, 2016
Posted October 4, 2016
Stephanie Catarino Wissman
Posted July 28, 2016
In Pennsylvania, the energy revolution has been very, very good to the commonwealth. Marketed natural gas production, which exceeded 4.5 trillion cubic feet in 2015, more than double output from just three years earlier:
Over the past half-decade, fees paid by industry to the commonwealth have totaled more than a billion dollars. Much of the money stays at the local level and is distributed to the counties and municipalities with the most shale wells. The top beneficiaries for 2015 included Washington County ($5.68 million), Susquehanna County ($5.25 million) and Bradford County ($4.92 million). Even in a down year for the industry, revenue to the commonwealth totaled $187.7 million.
Posted July 6, 2016
Good to hear President Obama extolling some of the benefits of the U.S. energy revolution this week in North Carolina, starting with security and consumer benefits. Both are firmly linked to surging domestic oil production – which of course is why the United States leads the world in oil and natural gas output. The president:
“Remember when we were all concerned about our dependence on foreign oil? Well, let me tell you, we’ve cut the amount of oil we buy from other countries in half. Remember when the other team was promising they were going to get gas prices down in like 10 years? We did it. … So we have been able to shape an energy policy that’s good for families, good for your pocketbook.”
Indeed, producing more oil and gas here at home has had great impact on U.S. energy security and security overall. The United States is stronger in the world today because it is less dependent on others for imported energy. According to the U.S. Energy Information Administration (EIA), net imports stood at 4.6 million barrels of oil per day in 2015 – lower than any year since they were at 4.2 million barrels per day in 1985. EIA projects that in 2040 net crude imports will drop to about 1.5 million barrels per day.
Posted February 16, 2016
The president’s $10 per barrel oil tax proposal has been out for about a week now, and the analysis from a number of experts – both in terms of politics and economics – could be boiled down to the social media acronym “smh,” which stands for “shaking my head.”
Political analysis first: “The president perennially proposes repealing the oil industry tax credits which Congress annually ignores,” Benjamin Salisbury at FBR Capital Markets toldBloomberg. “It seems overwhelmingly likely that this fee meets the same fate.” ClearView Energy Partners’ Kevin Book said there are “near-zero odds that the Republican-led Congress will grant the president’s request.”