Energy Tomorrow Blog
Posted March 23, 2020
As the world grapples with the ongoing spread of the coronavirus, the decision by Russia and the OPEC nations to increase energy supplies while demand is dropping has contributed to ongoing market instability and delivered a shock to America’s evolving energy picture.
Since the late 2000s, the U.S. has emerged as the world’s leading producer of natural gas and oil—last month producing at estimated record levels of 13 million barrels of oil and 96.5 billion cubic feet of natural gas to meet consumer demand. Innovative technologies like hydraulic fracturing have enabled producers to reach abundant U.S. shale reserves, and thus changed America’s trajectory from energy scarcity to abundance and from importing energy to exporting it.
It is not surprising, then, that some global energy players are threatened by American energy leadership and have actively tried to prevent its progress. Russia and other nations’ push to increase global energy supply despite lower demand in the short term is a reaction to America’s new paradigm as a global energy superpower. This is a challenging situation, compounded by the impact of the coronavirus, but interventions like protectionist trade measures are not the answer.
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 4, 2020
For decades, American presidents across the political spectrum have outlined their policy proposals to Congress at the State of the Union. Ideologies come and go with each transition of power. But every president from Jimmy Carter to Donald Trump has agreed that affordable, reliable, and homegrown energy is essential to the country’s economic growth, national security, and overall prosperity.
Historically, U.S. energy policy was driven by our ambition to reduce dependence on foreign natural gas and oil, but times have thankfully changed. In 2020, the State of American Energy is one of domestic leadership in natural gas and oil production and progress toward global climate solutions.
Posted January 24, 2020
Remarks delivered Jan. 23 at the U.S. Energy Association’s “State of the Energy Industry” forum.
From President Carter to President Trump, 40-plus years packs in plenty of different ideologies, but all seven leaders shared a common goal: energy security for America. Each of those presidents knew that clean, affordable, and reliable American energy is essential to both economic growth and national security.
For decades, U.S. energy policy has focused on reducing our dependence on foreign natural gas and oil. The outlook was often pessimistic, defined by scarcity rather than surplus. Times have changed, thanks to a U.S. energy revolution that’s full speed ahead.
Posted November 7, 2019
Safe and responsible energy development drives economic growth and environmental progress, and by expanding exploration on federal lands and along the Outer Continental Shelf, the U.S. stands to generate billions of dollars in funding for infrastructure, education and conservation.
Posted October 23, 2019
Given bipartisan consensus on the importance of trade to America and our allies, finalization and approval of the U.S.-Mexico-Canada Agreement (USMCA) in Congress is long overdue. Because North American markets are highly interdependent, maintaining the tariff-free, intracontinental flow of natural gas, oil and refined products will help ensure that American families have continued access to affordable and reliable energy, and to our export markets in Canada and Mexico.
When it comes to the U.S. economy, the advantages of the USMCA are clear. Trade with Canada and Mexico supports 12 million American jobs across every state, according to the Business Roundtable, and totaled nearly $1.3 trillion in 2017. A U.S. International Trade Commission report estimates that approving USMCA could raise real GDP by $68.2 billion and create 176,000 jobs, relative to a baseline, six years after the trade deal enters into force.
Posted September 5, 2019
The U.S. natural gas and oil industry is laser-focused on tackling the dual challenge of delivering energy for all and protecting our planet, keeping pace with record demand for affordable fuels while reducing emissions every step of the way.
By investing in innovative technologies, developing state-of-the-art standards and supporting smart regulations that reduce methane and other emissions, our industry is improving sustainability, particularly for the production of cleaner-burning natural gas.
Posted August 21, 2019
U.S. crude oil exports are reaching a record 31 countries, and exports of U.S. liquefied natural gas (LNG) are set to jump a projected 63 percent this year – boosting American jobs and adding stability to global markets.
But the ongoing trade war puts growing markets for U.S. energy exports at risk.
Posted July 30, 2019
We’re proud of the work of The Environmental Partnership – an industry-led initiative launched in 2017 that is leading the way to further reduce methane emissions from energy operations.
With 65 members to date, The Partnership serves as a model for industry leadership on shared environmental goals and creating pathways for new technologies and techniques – like optical gas imaging cameras, drones and other devices – to drive down emissions, while providing the energy vital to every American family and business.
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.