Energy Tomorrow Blog
Posted May 30, 2019
A new Colorado law handing more control over natural gas and oil operations to municipalities, authority that used to reside with the state, risks another law – the law of unintended consequences – that could deal a serious blow to one of our country’s leading energy-producing states.
This week the city of Broomfield became the seventh Colorado community to impose a ban on new natural gas and oil development since introduction of Senate Bill 181, which became law last month. …
Before SB 181’s passage, industry warned the law could disrupt responsible natural gas and oil development by hatching a patchwork, unpredictable regulatory system across the state – with the unintended consequence of imperiling energy development and jobs and economic growth. Regulatory uncertainty can chill sizeable investments in new operations that often have significant lead times
Unfortunately, that uncertainty appears to be growing in Colorado – with national implications because the state ranks sixth in both natural gas and oil production.
Posted January 15, 2019
The U.S. natural gas and oil pipeline network spans 2.7 million miles. And while that may sound like a lot, a recent Wall Street Journal article reminds us that U.S. energy infrastructure is still failing to keep up with production and demand. Americans in some parts of the country remain under-served while companies in high-production areas are forced to offload excess natural gas resources – all because of a lack of adequate infrastructure, and regulatory barriers to new development.
Posted August 15, 2018
Increased access to America’s offshore natural gas and oil would bring far-reaching benefits to coastal states, and the entire country. This is precisely why the diverse, bipartisan “Explore Offshore” coalition gathered today in Florida: because the strategic interests of Florida and our nation are tied to responsible development of offshore natural gas and oil..
Posted July 12, 2018
Barely four weeks ago, we highlighted the many ways in which responsible, well-regulated natural gas and oil development is benefiting life in Colorado — protecting the environment and public health and creating jobs and opportunity while providing significant support for public services including the state’s education system. Now, an anti-development group is attempting to dismantle Colorado’s progress.
Posted June 21, 2018
Last week, we wrote about the many benefits to opening up a small portion of the Arctic National Wildlife Refuge (ANWR) to natural gas and oil development – especially job creation, economic growth and long-term U.S. energy security. But there’s another benefit that warrants attention, and that’s the direct, measured improvements in the lives of Alaskans living in areas where energy development is occurring.
Posted June 15, 2018
We’ve talked at length about the many benefits to opening up a small portion of the Arctic National Wildlife Refuge (ANWR) to natural gas and oil development. There can be little doubt about ANWR’s importance to the United States’ long-term energy security.
The point is underscored in a new report from the U.S. Energy Information Administration (EIA), analyzing the potential impact of natural gas and oil development in the coastal plain of ANWR. The results reiterate what we’ve been saying all along – ANWR’s energy potential is incredibly large, and is a key part of a long-term U.S. energy vision.
Posted March 29, 2018
Recent analysis of the potential economic benefits of offshore natural gas and oil, finding that coastal states and the nation could see billions in annual industry spending, job creation and federal revenue sharing dollars over a 20-year period, has the attention of leaders in one of those key states – Virginia.
A group of 21 Virginia businesses, associations and other organizations have written to federal officials in support of opening more of the U.S. outer continental shelf (OCS) to safe development. The comments were filed with the Bureau of Ocean Energy Management (BOEM), which is putting together a new federal offshore leasing plan that will blueprint development from 2019-2024.
Posted December 11, 2017
Soon, the Interior Department is expected to release its draft offshore leasing program that will shape natural gas and oil development on the federal outer continental shelf (OCS) for the next five years, 2019-2024. Recognizing that the leasing program only outlines where lease auctions could be conducted, let’s take a look at some offshore basics to provide full context to a process that’s critically important to our country’s future energy security.
Posted October 12, 2017
What we see here are the outlines of a serious disconnect between current U.S. offshore policy and reality – that with the U.S. and the world projected to see significant growth in energy demand, the United States has more than 90 percent of its offshore reserves locked away, unavailable even for the studies and tests needed to determine the potential size and location of those reserves.Given the long lead times needed to develop the offshore, the United States’ current policy posture needs a course correction.
Posted August 31, 2017
President Trump’s call for tax reform this week, kicking off the administration’s push for pro-growth measures to spur investment, create jobs and raise earnings is one we can certainly understand. The president said:
“We need a competitive tax code that creates more jobs and higher wages for Americans. It’s time to give American workers the pay raise that they've been looking for, for many, many years. … If we do this, if we unite in the name of common sense and the name of common good, then we will add millions and millions of new jobs, bring back trillions of dollars, and we will give America the competitive advantage that it so desperately needs and has been looking for for so long. It’s time.”
No argument here. The natural gas and oil industry is about economic growth: investing, creating jobs and boosting worker pay for years – on the way to supporting 10.3 million jobs while adding $1.3 trillion to the national economy and aiding growth across all 50 states.