Energy Tomorrow Blog
Posted July 18, 2019
Natural gas continues to be a leader in progress on key climate and environmental goals.
Data contained in two new reports point to the role clean natural gas has played in reducing carbon dioxide, an important greenhouse gas, and in improving the quality of the air Americans breathe.
Posted July 18, 2019
Domestic oil production continues to benefit the U.S. – increasing energy security and driving economic growth – and cushion the economy as well as American consumers against global events that in the past impacted energy supplies, costs and prices.
Strength stemming from the U.S. energy revolution is seen in API’s latest Monthly Statistical Report (MSR), with U.S. crude oil exports setting a new record in June at 3.3 million barrels per day (mb/d), which represents growth of 1.1 mb/d over June 2018. Moreover, U.S. petroleum net imports fell to 1.3 mb/d in June from 2.9 mb/d in June 2018 – a major step closer to the U.S. becoming a net exporter of oil.
In other words, the U.S. has continued to supply virtually all of the world’s growing oil needs for transportation and industry, which has increased the stability of the global supply while generally lessening energy-related tensions.
Posted July 17, 2019
Legislation in Congress that could cripple future U.S. offshore energy development needs to be seen for the longer-term damage it could do to America’s strategic energy and national security.
One House bill would permanently extend a moratorium on development in the Eastern Gulf of Mexico; another would permanently bar leasing in the Atlantic and Pacific oceans.
Given projected growth in America’s energy needs, such shortsighted legislation fails the test of leadership in setting energy policy that will enhance and protect our nation’s strategic interests.
Posted July 12, 2019
An interesting read in the Wall Street Journal underscores what we’ve been saying about the nation’s need for more energy infrastructure: Basically, that despite record natural gas production, Americans in some parts of the country aren’t benefiting from it as much as they should. The Journal:
U.S. gas production rose to a record of more than 37 trillion cubic feet last year, up 44% from a decade earlier. Yet the infrastructure needed to move gas around the country hasn’t kept up. … The result, despite natural-gas prices that look low on commodities exchanges, is energy feast and famine.
Posted July 11, 2019
Exports of U.S. liquefied natural gas (LNG) are set to jump a projected 72 percent this year compared to 2018, and the emergence of the U.S. as one of the world’s largest LNG suppliers is good news for the American economy. Research shows LNG exports could generate up to 452,000 U.S. jobs, and add up to $74 billion annually to U.S. GDP, by 2035.
The environmental benefits are no less significant.
Posted July 10, 2019
There’s much in the latest government report that signals U.S. global energy leadership is strengthening, mostly thanks to continued robust domestic production.
From record volumes of natural gas and oil to growing exports of liquefied natural gas (LNG), America’s opportunities to bring greater stability to energy markets, assist allies, lead the world in reducing greenhouse gas emissions and benefit consumers here at home have increased.
Posted July 8, 2019
The U.S. natural gas and oil industry is driving the American economy, delivering affordable, reliable and abundant energy to manufacturers, businesses and American families. Around the world, pipeline infrastructure remains the safest, cleanest way to transport energy to consumers. Attempts to block important infrastructure projects could inadvertently harm energy consumers and undermine American energy leadership.
The recently completed Sur de Texas natural gas pipeline, which will bring much-needed clean, affordable and reliable natural gas from the U.S. Permian Basin to Mexican customers, perfectly embodies the important trading relationship between Mexico and the United States. The project will deepen U.S.-Mexico energy trade, benefit Mexico’s consumers whose demand for reliable energy continues to grow and work toward the U.S. administration’s goal of energy leadership. However, there continue to be attempts to arbitrarily block the use of this critical energy lifeline, which if not brought online could harm Mexican consumers and Mexico’s economy.
Posted July 3, 2019
This July 4th, as a record-breaking 41 million Americans hit the roads to celebrate our nation’s independence, let’s take a moment to remember that the energy we use isn’t just the gasoline that gets us to the barbeque.
Here are just a few fun facts about the energy that goes into America’s Independence Day.
Posted July 2, 2019
There’s very little that satisfies climate extremists – including practical solutions right at hand.
We live in a world where a huge chunk of the globe’s energy is supplied by burning coal, biofuels and waste. U.S. natural gas – exported as liquefied natural gas (LNG) – is an integral part of the world’s emissions solution, not the enemy some of these folks portray it to be. ...
We can do better than the dark future advocated by opponents of natural gas and oil. And exporting some of America’s abundance is opportunity for others to live better, healthier lives.
Posted June 28, 2019
Here's some quantification for the broad, public good the natural gas industry is doing in Pennsylvania – nearly $252 million distributed to counties and municipalities in state impact fees paid by natural gas operators, the highest total since the fee was implemented in 2012.
Behind the numbers: county and municipal governments that host shale wells will receive $135 million, the Marcellus Legacy Fund – for statewide initiatives including greenways, trails and recreation, watershed restoration, flood control, abandoned mine drainage abatement and abandoned well plugging – will receive $90 million and $18 million will go to state agencies.