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Energy Tomorrow Blog

API Stands Ready to Work with Biden Administration on Methane Regulation

methane  emission reductions  epa  the-environmental-partnership  regulation 

API CEO Mike Sommers

Mike Sommers
Posted January 21, 2021

Any discussion of addressing the risks of climate change should include a focus on reducing methane emissions from natural gas and oil production. While affordable, reliable energy provided by natural gas and oil is essential to our modern economy and Americans’ everyday lives, lowering methane emissions from that production also is essential.

Our industry has and will continue to broadly support methane emissions reduction – through technology, innovation and industry-led initiatives such as The Environmental Partnership, which is laser-focused on bringing down emissions, including a brand-new program to reduce flaring.

Cost-effective public policy also plays a critical role, which is why API is announcing its support for the direct regulation of methane from new and existing sources, as well as its desire to work with the new Biden administration to develop durable regulation that follows the law.

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Why U.S. Natural Gas is Key to Addressing Ambitions of the Paris Agreement

natural gas benefits  climate  carbon capture  emission reductions 

API CEO Mike Sommers

Mike Sommers
Posted January 19, 2021

Addressing the challenge of global climate change will require the collective efforts of the U.S. government and the business community, and America’s natural gas and oil industry is committed – through public policies and private-sector initiatives – to delivering climate solutions.

 

API supports the ambitions of the Paris Climate Agreement, including the call for global action to reduce greenhouse gas emissions. By encouraging the development of groundbreaking technologies, like carbon capture, utilization and storage, and promoting the uptake of cleaner-burning natural gas, our members are driving environmental progress while meeting the world’s long-term energy needs.

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Ready For Recovery: Four Reasons to Invest in Natural Gas and Oil Infrastructure

infrastructure  investments  pipelines  jobs 

API CEO Mike Sommers

Mike Sommers
Posted January 5, 2021

As we begin the new year, it’s worth recognizing that the challenges facing our lawmakers are immense. But with consensus-driven approaches, we believe the public and private sectors can partner to deliver post-pandemic recovery and long-term economic growth for America.

Of course, rebuilding the nation’s economy will require realistic and workable energy solutions – ones that prioritize resource development and infrastructure expansion. Here’s why investing in modern energy infrastructure can build pathways for economic and environmental progress.

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Ready for Recovery: Four Ways We're Tackling Today’s Climate Challenges

climate  emission reductions  the-environmental-partnership  carbon capture 

API CEO Mike Sommers

Mike Sommers
Posted December 14, 2020

From reducing America’s dependence on foreign energy to powering our economic recovery, the U.S. natural gas and oil industry is providing solutions to today’s biggest challenges.

That includes addressing the risks of climate change. Americans do not have to make the false choice between utilizing our nation’s energy resources and protecting the environment. We can do both.

Here are four ways natural gas and oil companies are stepping up.

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U.S. Natural Gas Propels the World’s Energy Progress

natural gas  lng exports  emission reductions 

API CEO Mike Sommers

Mike Sommers
Posted December 4, 2020

Americans benefit daily from homegrown natural gas, an increasingly essential component of the global energy mix and an affordable, efficient resource available to meet our nation’s long-term energy needs.

Nearly two-thirds of America’s energy consumption is made possible by natural gas and oil, and natural gas remains the leading fuel for U.S. power generation, accounting for about 38% of the nation’s electricity in 2019.

Remarkably, the economic competitiveness of natural gas has endured throughout 2020. Such durability has positioned the fuel to balance the challenges of economic recovery with the necessity of climate progress.

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API Standard Earns DHS Certification Under 9-11 Anti-Terrorism Act

api standards program  safety standards  infrastructure 

API CEO Mike Sommers

Mike Sommers
Posted November 24, 2020

The world changed on 9-11, mine and yours. ...

You’re probably like me. The vivid memories of that day make it hard to believe it happened two whole decades ago. We know now what we may have only sensed then – that 9-11 was an historic pivot point for the United States in terms of our economy, security and the way we approach life.

As president and CEO of the nation’s largest trade association representing the natural gas and oil industry, I’m reminded that 9-11 really helped galvanize our country’s focus on the security of our nation’s infrastructure to harden it against any future acts of terrorism, from our airlines to our supply chains to our energy grid. Natural gas and oil keep America running. After 9-11 we innovated and developed technologies to dramatically increase domestic production and become less dependent on foreign oil. We haven’t looked back; today, the U.S. is the world’s leading producer of the world’s more important energy sources.

9-11 is a big part of the reason that our industry’s approach to assessing risk shifted to a higher gear, to protect our facilities and networks against threats of terrorism – adding risk assessment to API’s body of work on standards that govern the way we operate.

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Ready for Recovery: The Economic Importance of Natural Gas and Oil

oil and natural gas  economic recovery 

API CEO Mike Sommers

Mike Sommers
Posted November 20, 2020

As the deadly coronavirus pandemic cripples business activity and depresses consumer spending, American energy continues to power the nation’s economy and enable the delivery of essential products and services.

Despite this year’s demand downturn, natural gas and oil are still vital to the world’s energy mix and will remain indispensable for decades to come.

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Conservation’s Lifeline: Offshore Energy Development

conservation  offshore energy  revenues 

API CEO Mike Sommers

Mike Sommers
Posted June 11, 2020

Practical, safe, and responsible offshore energy development doesn’t just create jobs and power our lives – it also funds America’s largest federal conservation program. For decades, the natural gas and oil industry has directly contributed to outdoor recreation and environmental conservation, thanks to a long-standing law that would be strengthened by legislation that is up for a vote in the U.S. Senate.

Senators will soon vote on S. 3422, the Great American Outdoors Act, a bipartisan bill that would codify a permanent funding stream for the Land and Water Conservation Fund (LWCF) and address a considerable maintenance and construction backlog on public lands.

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For Good Reasons, Industry Doesn’t Want Tariffs or Quotas

oil and natural gas  trade  us energy security 

API CEO Mike Sommers

Mike Sommers
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.

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Natural Gas and Oil are Building a Brighter Future for All

colorado  consumers  jobs  oil and natural gas  fracking 

API CEO Mike Sommers

Mike Sommers
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.

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