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Energy Tomorrow Blog

Petroleum Exports Retreat Suggests Global Economic Weakness

petroleum products  refineries  exports  economic growth  energy production 

Dean Foreman

Dean Foreman
Posted February 14, 2019

API’s Monthly Statistical Report (MSR), based on January data, is a good news/challenging news proposition.

First the good. January data tell us the U.S. has never produced more oil (11.9 million barrels per day, mb/d) and natural gas liquids (4.9 mb/d). 

At the same time, U.S. refineries ran at their highest rates (93 percent capacity utilization) and produced the most they ever have for the month of January (17.3 mb/d). Moreover, domestic gasoline demand also was the greatest on record for the month of January (8.9 mb/d). These are terrific milestones. ... But some interesting challenges also emerged.

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The Unforced Error of Trade Policies That Impede the Economy

economic growth  gdp  trade  consumers  exports 

Mark Green

Mark Green
Posted February 8, 2019

The nonpartisan Congressional Budget Office’s new report, “The Budget and Economic Outlook: 2019 to 2029,” says what we’ve been saying for some time now – the administration’s tariff policies are a drag on the broader economy.

CBO projects that “the recent changes in trade policy in the United States and its trading-partner countries will reduce the level of U.S. real GDP by about 0.1 percent by 2022

Now, 0.1 percent might not sound like a lot over that time period, but potentially we’re talking about hundreds of billions of dollars subtracted from the economy. Dean Foreman, API chief economist, says it’s particularly concerning in the context of an economy that’s decelerating.


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State of American Energy 2019

state of american energy  us energy security  economic growth 

Mark Green

Mark Green
Posted January 8, 2019

In many ways, the truest measure of U.S. energy is America itself – the country’s economic health and its security in the world, the individual prosperity of its citizens and the nation's ability to meet significant challenges. Energy, led by natural gas and oil, is driving progress in all of these areas. No less important is the role abundant, secure energy plays in expanding concepts of what's possible, what Americans can achieve.

These themes were highlighted at the State of American Energy event in Washington, D.C., where API’s annual report, “America’s Generation Energy,” was released. API President and CEO Mike Sommers said this Generation Energy – the generation of Americans with unprecedented opportunity to dream and achieve thanks to plentiful natural gas and oil – is ready to achieve big things.


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U.S. LNG Exports: Room to Grow

lng exports  liquefied natural gas  trade  economic growth  production 

Mark Green

Mark Green
Posted January 3, 2019

A new chapter in U.S. natural gas exports is unfolding before our very eyes – and with it, strengthened American energy influence abroad, increased trade and support for domestic natural gas production and jobs.

The U.S. Energy Information Administration (EIA) projects that 2019 will see U.S. liquefied natural gas (LNG) export capacity will reach nearly 9 billion cubic feet per day (Bcf/d) by year’s end, up from EIA’s 2018 estimate of 4.9 Bcf/d. The U.S. would rank third in the world behind Australia and Qatar. 

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U.S. Grows as an Energy Superpower

oil and natural gas  us energy security  economic growth  production 

Dean Foreman

Dean Foreman
Posted December 20, 2018

Remarkable production figures in API’s latest Monthly Statistical Report illustrate the breadth and depth of the U.S. energy revolution and translate into economic growth and increased U.S. security in the world. In the past, U.S. production data sometimes included an asterisk – leading in some scenarios but not others. The figures above pretty much eliminate the “ifs,” “ands” or “buts” associated with any discussion of U.S. energy muscularity.  

Consider this: U.S. production of NGLs – liquid fuels produced with natural gas such as ethane, propane, butane and others – makes the U.S. natural gas industry the world’s No. 4 oil producer (behind the U.S., Russia and Saudi Arabia). 

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The Transforming Economic Power of Offshore Energy

offshore energy  economic growth  jobs  us energy security 

Mark Green

Mark Green
Posted November 28, 2018

During an Explore Offshore discussion on Capitol Hill, it’s not hard to pick out the good reasons for safely and responsibly developing offshore natural gas and oil: long-term U.S. energy and national security, jobs and economic stimulus, revenues to states, global leadership and more.

There’s not a more compelling reason than the way offshore development can create hope and opportunity for people who historically have struggled to gain access to both – a point made by Stephen Gilchrist, Explore Offshore state chairman for South Carolina.


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‘Powering America Past Impossible’ Primer Launches

power-past-impossible  oil and natural gas  economic growth  emission reductions  consumers 

Dean Foreman

Dean Foreman
Posted November 20, 2018

Follow this link to “Powering Past Impossible,” API’s primer on important natural gas and oil industry issues – spanning global economics and energy, natural gas and oil markets and key factors to sustaining and growing the U.S. energy revolution. Eight important takeaways from the primer follow.

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Colorado's Vote For Colorado Energy

colorado  vote  economic growth  oil and natural gas 

Mark Green

Mark Green
Posted November 8, 2018

A big shout-out to Colorado’s voters for decisively rejecting a measure that could have significantly stifled new natural gas and oil production in their state – showing that they value energy’s importance to their economy, schools and public services.

Coloradans clearly support responsible development, and Tuesday’s vote signals that going forward, natural gas and oil’s value to Colorado is to be acknowledged as everyone works together to advance energy growth and public health. 

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Denver Post Editorial: No on Proposition 112

colorado  oil and natural gas  safe operations  jobs  economic growth 

Mark Green

Mark Green
Posted October 11, 2018

In an editorial this week, Colorado’s largest newspaper announced strong opposition to Proposition 112, the anti-progress, anti-energy ballot measure that could put 85 percent of non-federal land off limits to natural gas and oil production in the nation’s fifth-leading natural gas and seventh-largest oil producing state.

The Denver Post editorial urges voters to vote no on Proposition 112, arguing that requiring natural gas and oil operations to be 2,500 feet from “vulnerable areas” would be a severe blow to state energy production, jobs and economic growth. 

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Colorado Anti-Energy Initiative Looms Large for State, Nation

colorado  oil and natural gas  production  jobs  economic growth  us energy security 

Mark Green

Mark Green
Posted August 30, 2018

A map shows just how much damage could be done to the United States’ fifth-leading natural gas and seventh-largest oil producing state by Colorado’s Initiative 97 – the anti-energy, anti-progress measure that state officials said will be on the November election ballot. Coloradoans and all Americans should be very concerned.

Zeroing in on the state’s top five producing counties (outlined in blue) – Weld in the north on the border with Wyoming, Rio Blanco and Garfield on the western border with Utah, and La Plata and Las Animas on the southern border with New Mexico – the map shows that opportunity for new natural gas and oil development on non-federal land would be all but prohibited.

This is an alarming prospect for all Americans, because we’re talking about putting the brakes on one of the country’s leading and fastest-growing energy producers.

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