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Energy Tomorrow Blog

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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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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VIDEO: ‘What Is To Be Done? Let The Private Sector Do It.’

energy economy  energy development  domestic energy  access 

Mark Green

Mark Green
Posted January 22, 2013

More video interviews from the recent State of American Energy event in Washington, D.C. In this clip Devon’s Richard Sawaya and Paula Jackson, interim president and CEO of the American Association of Blacks in Energy, talk about energy development under pro-growth policies as a dynamic economic engine

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Needed: ‘Political Wisdom’ to Manage America’s Energy Wealth

natural gas  energy politics  energy economy  domestic energy  access 

Mark Green

Mark Green
Posted January 16, 2013

America’s oil and natural gas industry is bullish on America, having delivered a direct stimulus to the U.S. economy in 2011 worth more than $545 billion in capital spending, wages and dividends, according to PricewaterhouseCoopers. That’s $1.5 billion a day in economic lift from developing oil and natural gas. And industry is ready to do more.

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Oil and Natural Gas Impact: 9.6 Million Jobs, $1.1 Trillion Added to GDP

natural gas  domestic energy  access  oil 

Mark Green

Mark Green
Posted January 16, 2013

A recent PricewaterhouseCoopers study reveals some important numbers about the U.S. oil and natural gas industry, in terms of employment, labor income and value added in 2011:

  • Industry supported 9.6 million jobs.
  • More than $580 billion was paid in labor income, and industry’s estimated total addition to U.S. GDP was $1.1 trillion, accounting for 7.3 percent of the national total.
  • Industry invested about $292 billion in capital expenditures and paid out $28.7 billion in dividends to the real owners of America’s oil and natural gas companies – including dividends paid to retirement plans.

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Put American Energy to Work for Americans

regulation  policy  oil  natural gas  domestic energy  access 

Mark Green

Mark Green
Posted January 11, 2013

U.S. Chamber of Commerce President and CEO Tom Donohue in his annual State of American Business address, rightly identifying American-made energy as a critical to broad economic recovery and to solving the nation’s fiscal problems:

“Today, 23 million Americans are unemployed, underemployed, or have stopped looking for work. A record 47 million people are poor enough to be on food stamps. Median family income has dropped to 1995 levels—so we’re going backward. … From top to bottom we need more success in America. We need to nurture success, empower it, reward it, and celebrate it. … Proceeding swiftly and responsibly to develop more American energy can help us immeasurably with our fiscal problems, but it can also do so much more for our country.”

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Lease Auction: There’s More Where That Came From

industry taxes  energy policy  domestic energy  access 

Mark Green

Mark Green
Posted December 3, 2012

The federal government says it expects to take in $133.8 million in high bids for drilling rights in the western Gulf of Mexico from last week’s lease auction – a sale that underscored the oil and natural gas industry’s continued interest in deep-water development.

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Energy and Employment Gain

domestic energy  access 

Mark Green

Mark Green
Posted November 29, 2012

These are just two instances where the oil and natural gas industry is leading economic opportunity, creating jobs, boosting employment. And it can do more. With more domestic resource areas opened to drilling – conventional as well as shale drilling using hydraulic fracturing – a common-sense approach to regulation and policies that encourage energy investment, our industry could create 1.4 million new jobs and generate $800 billion in additional revenue for government by 2030.

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MIT: The Facts On Fracking Methane Emissions

natural gas  fracking  environmental impact  energy policy  domestic energy  access 

Mark Green

Mark Green
Posted November 28, 2012

A new MIT study shows that the extraction of shale gas through hydraulic fracturing emits only a fraction more methane into the air than conventional gas drilling

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Turning Aside the ‘Regulatory Flood’

taxes  regulatory system  regulation  energy policy  domestic energy  access 

Mark Green

Mark Green
Posted November 26, 2012

A Wall Street Journal editorial predicts a “regulatory flood” from the Obama administration now that the election is over – in health care, financial services and energy.

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