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Energy Tomorrow Blog

Emerging Industry Leaders Talk Opportunity, Making a Difference

analysis  oil and natural gas industry  oil and natural gas companies  baker hughes  halliburton  marathon refining  bp  chevron  exxonmobil 

Mark Green

Mark Green
Posted April 24, 2015

To identify members of API’s second Emerging Leaders Program as “millennials” would really be oversimplifying things. Sure, they generally fit that age demographic, but they’re not being defined by such a generalized label. Rather, they’re defining themselves in the professional world – which surely is a reason their companies nominated them to participate in a program that focuses on future industry leadership, which included joining API at IHS Energy’s annual CERAWeek conference in Houston.  

This year’s program centered on how modern politics impacts the oil and natural gas industry. Specifically, the curriculum examined the growing importance of public policy, advocacy and mobilization within daily industry operations and underscored the importance of political participation.

Still, much of the context for these discussions involves the career expectations and experiences of the emerging leader cohort – which in some ways reflect the aspirational trends of the larger generational grouping. Just don’t pigeon-hole them as “millennials.”

During our conversation at CERAWeek there was agreement that the oil and natural gas industry fits with younger career people (whatever you call them) who are adaptable, appropriately ambitious and invested in the notion of making a difference.

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Good Business – The Benefits of American Energy

oil and natural gas development  economic benefits  eia  taxes on oil companies 

Mark Green

Mark Green
Posted June 23, 2014

It’s hard to overstate the revolution that’s under way in American Energy. In just a few years we’ve gone from a scenario of energy scarcity to energy abundance – thanks in large part to the innovations and investments of America’s oil and natural gas industry.  As the White House noted in its May report, “The All-Of-The-Above Energy Strategy as a Path to Sustainable Economic Growth,” dramatic increases in domestic oil and natural gas production have brought jobs, energy security and economic growth. ...

“All-Of-The-Above” is not just a strategy, or a simple catch-phrase. It represents our reality. Analysis by EIA as well as international and private analyses show that oil and natural gas provide the bulk of the energy we use today (62 percent) and will continue to provide the majority of the energy we use for many years to come (60 percent in 2040).

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Tax Hike Plan Could Dim One of Economy's Bright Lights

intangible drilling costs  lifo  taxes on oil companies  government revenues 

Mark Green

Mark Green
Posted December 17, 2013

Last month we made some points on a Senate proposal that would impact America’s oil and natural gas industry with higher taxes and costs. Research has shown that delaying industry’s ability to write off intangible drilling costs likely would mean fewer wells drilled, lost jobs and lower energy production. Doing away with the “last-in, last-out” (LIFO) accounting method used by a number of energy companies would require them to redirect cash or sell assets to cover tax payments.

Now API has been joined by more than a dozen other organizations – representing energy producers, refiners, supporting servicers, equipment manufacturers, marketers and retailers – in challenging proposals that could hinder an industry that already sends $85 million a day to the U.S. Treasury.

In a letter to members of Congress the groups say that while efforts to make the tax code less complicated and more competitive are good, raising energy taxes and increasing costs will work against greater industry investment and activity that would provide broad benefit to the U.S. economy.

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What If...

deepwater drilling  deepwater drilling moratorium  deepwater horizon  domestic energy  energy policy  offshore drilling  oil spill  oil spill legislation  oil spill liability  oil spill liability  oil spill liability cap  oil spill liability cap  taxes on oil companies  deepwater drilling proposals 

Jane Van Ryan

Jane Van Ryan
Posted July 27, 2010

What if Congress and the administration approve many of the deepwater drilling measures that are now being debated? And what if their actions result in unlimited liability for oil spills, additional regulations on well and rig designs, higher taxes and fees and an extended moratorium that cancelled drilling projects?

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Companies Respond to Oil Spill

bp  chevron  conocophillips  deepwater horizon  exxonmobil  gulf oil spill  oil spill cleanup  oil spill response  spill cleanup  spill response  oil companies 

Jane Van Ryan

Jane Van Ryan
Posted May 19, 2010

While the response to the Deepwater Horizon accident has focused on BP, it's not the only energy company that is working 24/7 to plug the leaks and manage the spill.

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