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Energy Tomorrow Blog

Yes, Industry Supports Increased Offshore Access

offshore energy  access  us energy security  technology  safe operations 

Mark Green

Mark Green
Posted January 25, 2018

Opening new access to federal natural gas and oil reserves – offshore and onshore – is vital to growing America’s energy renaissance. Yet, every now and then some suggest our industry isn’t interested in exploring and developing new areas, particularly offshore. They just haven’t been listening. The fact is natural gas and oil companies strongly support increased access to offshore reserves and are saying so publicly – offering a number of strong reasons the federal government should create a robust offshore leasing program for the 2019-2024 timeframe.

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Growing U.S. Energy Self-Sufficiency

oil and natural gas production  domestic energy access  eia  offshore energy  onshore development  shale energy  hydraulic fracturing  horizontal drilling 

Mark Green

Mark Green
Posted April 6, 2015

Statistics in the U.S. Energy Information Administration’s Monthly Energy Review for March show U.S. domestic energy production meeting about 89 percent of the country’s total energy demand. That’s up from 84 percent in 2013 and 2012 and reflects a key result of the domestic energy revolution: growing U.S. self-sufficiency.

EIA data shows U.S. energy production as a percentage of total demand. Total energy production (fossil fuels, nuclear electric power and renewables – again, as a percentage of total U.S. energy demand -- was about 69 percent in 2005, and it grew to about 89 percent last year. The share of fossil fuels (oil, natural gas and coal) accounted for approximately 55 percent in 2005, growing to about 70 percent last year.


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America's Energy Present

energy access  energy economy  energy future  hydraulic fracturing  investments  job creation  keystone xl pipeline  shale benefits 

Mark Green

Mark Green
Posted November 26, 2013

Here’s wishing everyone a happy Thanksgiving while offering a few of the reasons we can all feel blessed because of America’s energy present and future – which the men and women of the oil and natural gas industry help deliver.

Energy Bounty

Let’s start with the fact America is enjoying a renaissance in home-grown energy production, thanks to advances in technologies and techniques, such as hydraulic fracturing and horizontal drilling. Last month these played a big role in helping domestic oil output to exceed imports for the first time since 1995. Because of fracking and other technologies, more of America’s vast oiland natural gas reserves can be developed to generate fuels that provide about 62 percent of the energy Americans currently use. That’s energy that makes our lives possible – that will power our lifestyles and economy in the future, according to government projections.

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Virginia: Yes to Offshore Drilling, More Energy

domestic energy access  offshore drilling  regulation 

Mark Green

Mark Green
Posted October 15, 2013

Virginia is among Mid-Atlantic states under federal consideration for offshore seismic surveying for oil and natural gas. Policymakers should be mindful of a new poll showing that a wide majority of Virginians – 67 percent – favor offshore drilling, as well as increased production of domestic oil and natural gas overall.

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Let's Have A Parade

energy information administration  crude oil  crude oil production  oil imports  energy access  domestic energy reserves 

Mark Green

Mark Green
Posted March 21, 2013

New from the U.S. Energy Information Administration:

Monthly crude oil production in the United States is expected to exceed the amount of U.S. crude oil imports later this year for the first time since February 1995. The gap between monthly U.S. crude oil production and imports is projected to be almost 2 million barrels per day (bbl/d) by the end of next year—according to EIA's March 2013 Short-Term Energy Outlook.

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Limiting Access Limits Opportunity

natural gas  energy  access 

Mark Green

Mark Green
Posted March 1, 2013

We say opportunities for oil and natural gas development in federally controlled areas – onshore and offshore – have been limited. Some are saying that’s false. Let’s look at the facts.

Claim: 70 percent of undiscovered oil and natural gas on federal lands is available for leasing and development.

Fact: 83 percent of areas controlled by the federal government are closed to oil and natural gas development.

What we have here is some sleight of hand with terminology. We’ll use the offshore situation to illustrate. During last year’s State of the Union address the president said he was directing the administration to open up more than 75 percent of America’s offshore resources for development.

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Sustaining Our Energy Renaissance

natural gas  keystone xl  energy  access  oil 

Mark Green

Mark Green
Posted February 28, 2013

Main points from White House energy advisor Heather Zichal in an update of the administration’s positions on energy and environmental policy at an event this week hosted by the Center for Strategic & International Studies:

  • Safe, reliable, affordable energy is the lifeblood of America’s economy and is fundamentally linked to U.S. security in the world.
  • America’s energy narrative has been rewritten – chiefly due to innovations that have launched the shale oil and natural gas revolution – from one of scarcity to one of abundance.
  • The administration’s chief economic goal is to create more middle-class jobs, and energy is and can continue to be a key driver of job and economic growth.

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The $1 Trillion Choice, Continued

taxes  revenues  energy  access 

Mark Green

Mark Green
Posted February 26, 2013

The White House is continuing the drum beat for higher taxes on oil and natural gas companies – oddly, as a reaction to higher gasoline prices. Press Secretary Jay Carney this week:

“Anybody fill up their gas tank this weekend?  Think the oil and gas companies can maybe afford to give up their taxpayer – special interest break?  I think most Americans would say yes.”

Let’s think this through. Gasoline prices have been rising – mostly because of underlying increases in the cost of crude oil due to higher global demand for oil – and the White House press secretary’s response is to connect gasoline prices with a tired proposal to raise taxes on the producers of gasoline.

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The $1 Trillion Choice

taxes  investments  energy  access 

Mark Green

Mark Green
Posted February 21, 2013

While the White House talks again about raising taxes on oil and natural gas companies, let’s look at a chart that captures the starkly different outcomes – in terms of revenue for government – from two policy paths: higher energy taxes vs. increased energy development:

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Following Through – On Natural Gas and Oil Permitting

regulation  natural gas  energy  access 

Mark Green

Mark Green
Posted February 15, 2013

Of the energy-related lines in the president’s State of the Union address earlier this week, none stood out more than this one:

“… the natural gas boom has led to cleaner power and greater energy independence. That's why my administration will keep cutting red tape and speeding up new oil and gas permits.”

Certainly, the president is right, that the development of natural gas – especially from shale, developed with hydraulic fracturing – and oil are a big part of shrinking imports and cleaner air.

First the environment. We’ll keep saying it: Increased use of natural gas is a major factor in the reduction of U.S. carbon emissions to 1992 levels, which is allowing the U.S. to lead the world in emissions reduction, according to the International Energy Agency – all while producing more than ever before.

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