Energy Tomorrow Blog
Posted January 22, 2020
American energy abundance has been foundational to growth and opportunity across all business sectors – from agriculture and manufacturing, to logistics and banking. The natural gas and oil industry, and its extensive supply chain, supports job creation and consumer savings in U.S. communities like Red Wing, Minnesota.API’s State of American Energy report spotlighted Southeastern Minnesota, where residents are experiencing the unique benefits of the U.S. energy revolution.
Posted January 17, 2020
API’s State of American Energy report is focused on the growth and empowerment that natural gas and oil provide to communities across the United States. Las Cruces, New Mexico, is one of them. Thanks to abundant, affordable energy, cities and towns like Las Cruces are on the move, with opportunity expanding before them.
Posted January 14, 2020
America’s natural gas and oil revolution has benefitted cities across the nation by fueling manufacturing, boosting agriculture and growing local economies. Case in point: Moon Township – located northwest of Pittsburgh – which was highlighted in API’s annual State of American Energy report for its thriving small business community.
Energy development in the Marcellus Shale has restored the economy of Western Pennsylvania, creating good-paying jobs that helped residents weather the recession during the first decade of the 21st century.
Posted January 10, 2020
The economic benefits of the nation’s energy revolution – empowering broad sector growth and opportunity – are tangible all across the United States, and are illustrated in API’s new annual report, “This is Energy Progress.”
Virginia’s Hampton Roads region is just one example, where households, businesses and military installations are helped by abundant domestic natural gas and oil. While Virginia isn’t a top producing state, plentiful and low-cost energy resources empower the shipping and tourism economy and strengthen the armed forces that are so visible locally.
Posted January 8, 2020
The U.S. is the global leader in energy production, carbon emissions reductions and environmental performance. In 2020, the State of American Energy is one of leadership in natural gas and oil development and ongoing progress toward global climate solutions.
For decades, U.S. energy policy has focused on reducing our dependence on foreign natural gas and oil – the outlook was often defined by scarcity, rather than abundance. Each of our last seven presidents understood that clean, affordable and reliable American energy is essential to both economic growth and national security. And today, our nation has achieved this hard-fought, bipartisan goal.
Posted October 24, 2019
As the New York Times launches another attack on congressionally mandated support for U.S. offshore development in the Gulf of Mexico, some facts are in order:
The Deep Water Royalty Relief Act enacted by Congress in 1995 was designed to help spur deep water offshore production as the U.S. faced increasing dependence on imported oil – and the courts found that its intent is clear. Background on the act here and here.
The false claim that there is a royalty relief “loophole,” asserted by the Times and others, omits the fact that between 2000 and 2018 natural gas and oil companies paid more than $122 billion to the government in high bids, royalties and rents. Add to that tens of billions the industry spent to develop those leases, creating jobs and boosting local and regional economies – an integral part of industry’s $1.3 trillion overall support for the U.S. economy.
Today, U.S. Gulf production is setting records, averaging 1.8 million barrels per day (b/d) in 2018 and expected by the government to reach 1.9 million b/d this year and 2 million b/d in 2020. This production generates millions in revenue-sharing dollars for coastal states, as well as the Land and Water Conservation Fund, which supports state conservation and outdoor recreation projects all across the country.
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.