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Energy Tomorrow Blog

U.S. Must Learn From Europe’s Energy Struggles, Not Repeat Them

natural gas  wind  electricity  russia 

Mark Green

Mark Green
Posted September 29, 2021

Europe’s ongoing energy crisis (noted recently here) should give pause to U.S. policymakers who’re leading a head-long rush to a near future in which Americans’ daily lives and the U.S. economy will be virtually dependent on intermittent energy sources such as wind and solar.

We’ve made the case that dropping natural gas and oil from the U.S. energy portfolio, heavily relying on come-and-go energies, is unwise, bordering on foolishness. It’s disconnected from reality, a reality that’s playing out right now in Europe.

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American Energy and the Biden-Putin Summit

russia  president  us energy security  oil and natural gas production  infrastructure 

Frank Macchiarola

Frank Macchiarola
Posted June 16, 2021

Here are three things to consider as President Biden and Russian President Vladimir Putin have their first in-person meeting today in Geneva, Switzerland: Energy is at the heart of Russia's influence and power; new U.S. policies put American energy leadership at risk; and U.S. oil and natural gas should be strengthened, not weakened. ...

There is no question the U.S. relationship with Russia is complicated and will be difficult for years to come. The last thing the U.S. needs is to try to deal with Russia while it is at the same time actively weakening its own energy position. It is an unforced error, an opening that cannot be handed over to formidable adversaries such as Mr. Putin.

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Mr. Putin’s Energy Bet

natural gas fracking  russia  infrastructure  us energy security 

Mark Green

Mark Green
Posted June 9, 2021

Russian President Vladimir Putin’s negative comments last week about fracking – “truly a catastrophic type of production” – and U.S. natural gas are hardly surprising.

Putin has disparaged U.S. hydraulic fracturing before, and we get it: Few heads of state are as threatened by U.S. global energy leadership, built by the fracking/horizontal drilling revolution. Putin’s newest remarks come as Russia nears completion of a new natural gas pipeline, Nord Stream 2, to Germany that will vie with exported U.S. natural gas. It’s all in the marketing, right?

More seriously, the Russian leader’s comments are one among many reminders that energy markets are global, that there’s rigorous competition between energy-producing nations to meet global demand and that domestic natural gas and oil production and the infrastructure to transport it are critically important to our economy, security and way of life.

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More On Demand and U.S. Production

oil and natural gas production  russia  saudi arabia  opec 

Mark Green

Mark Green
Posted April 6, 2020

OPEC+ members continue to discuss a meeting, reportedly Thursday, to address the price war between leading members Russia and Saudi Arabia, whose production increases amid a significant decrease in demand are deepening the crisis for the global oil industry.

There’s speculation the United States will be asked to participate in a deal with additional production cuts beyond what U.S. producers have already implemented in response to the marketplace, which we addressed in this post. In a new interview with CNN, API President and CEO Mike Sommers reiterated that markets should dictate production decisions, not government interventions, and that Russia and Saudi Arabia should change their production policies.


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OPEC+ Turmoil Underscores Need for U.S. Oil Diplomacy

oil and natural gas production  us energy security  saudi arabia  russia 

Mark Green

Mark Green
Posted April 5, 2020

Although OPEC+ has delayed a planned meeting Monday to address differences between leading members Russia and Saudi Arabia, there were encouraging signals from the White House after the president’s meeting with a number of natural gas and oil industry leaders, including API President and CEO Mike Sommers.

The continuing oil price war between Russia and Saudi Arabia, which has the two nations increasing production amid a slump in world oil demand, is broadly concerning. The administration is correct to focus strong diplomacy on finding a resolution, the urgency of which is underscored by the postponement of Monday’s OPEC+ meeting. 

The best message from the White House is what’s not on the table: additional U.S. production cuts. As the president said, the global oversupply problem has been worsened by the Russian and Saudi production increases, and those countries bear the responsibility of changing their policies.

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Enhance and Grow U.S. LNG Trade to the EU

lng exports  trade  russia 

Mark Green

Mark Green
Posted May 3, 2019

Europe should be a growth market for U.S. natural gas. We share economic and security goals, and it’s important to the U.S. and European Union (EU) that Russia’s use of energy as a political weapon be neutralized.

All of these should foster significant growth in U.S.-EU liquefied natural gas (LNG) trade – much, much more than current levels, which are really just a sliver of the EU’s natural gas needs. There has been progress, but there is potential for the U.S. to supply even more natural gas to the EU.

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Strengthening America’s Energy Superpower Status

oil and natural gas  exports  lng  russia  us energy security 

Mark Green

Mark Green
Posted July 7, 2017

An important factor in sustaining and growing the United States’ position as an energy superpower is the continued ability of U.S. natural gas and oil companies to operate competitively the world over, to continue developing the energy needed here at home while also supporting energy exports to aid friends overseas. Legislation crafted by the U.S. Senate to increase sanctions on Russia could work against this.

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Fix the Russian Sanctions Legislation

russia  energy development  offshore development  us energy  spill 

Mark Green

Mark Green
Posted July 6, 2017

Sanctions are a valuable tool of American foreign policy, but U.S. Senate legislation intended to increase sanctions against Russia could harm the competitiveness of a range of U.S. energy companies working around the world, posing risks to U.S. jobs, the economy and individual Americans – and possibly benefiting Russian interests. The House of Representatives should make critical modifications to avoid these unintended consequences while strengthening the package to advance U.S. interests.

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LNG Exports Strengthen U.S. Competitiveness, Help European Allies

lng exports  russia 

Mark Green

Mark Green
Posted November 16, 2016

With legislation to streamline and expedite approvals for U.S. LNG export projects pending in Congress, the U.S. ambassadors of Lithuania, the Czech Republic, Estonia, Hungary, Latvia, Poland and Slovakia wrote to congressional leaders this week, urging action. From their letter to House Speaker Paul Ryan (letters also were sent to Senate Majority Leader Mitch McConnell, Senate Minority Leader Harry Reid and House Minority Leader Nancy Pelosi):

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Natural Gas Exports Set to Boost Economy, Security

lng exports  natural gas  jobs  global markets  economic security  russia  electricity 

Jack Gerard

Jack Gerard
Posted February 24, 2016

Two separate but related news items last week demonstrate the economic promise and geopolitical significance of America’s natural gas export opportunity

The first headline, “U.S. LNG Set to Hit Global Market,” signifies a landmark moment in America’s trajectory from energy scarcity to abundance. The export facility covered in the article – Cheniere Energy’s Sabine Pass in Cameron Parish, La. – actually opened as a liquefied natural gas (LNG) import terminal in 2008. Just two years later in September 2010, it became the first U.S. facility to apply for a Department of Energy permit to export LNG. After a decade that saw U.S. natural gas production jump 45 percent – and following an extensive review process – Sabine Pass is set to ship its first cargo to Europe.

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