Skip to main content

Energy Tomorrow Blog

Federal Leasing Ban Would Add to Wyoming's Pain

wyoming  federal leases  economic losses  jobs 

Mark Green

Mark Green
Posted November 17, 2020

If President-elect Joe Biden follows makes good on his campaign promise to ban new natural gas and oil leasing on federal lands and waters, a recent OnLocation analysis sees the U.S. weakened on the world stage – forced to import more foreign oil – with crippling jobs and economic impacts as well.

Losses at the state level would touch Americans where they live. We’ve looked at New Mexico and Louisiana.

In Wyoming, another producing state, the impacts would be especially devastating. The federal government controls nearly half of the acreage in Wyoming, and the state’s energy economy has been rocked by pandemic-related forces, losing about 20% of its energy-related jobs through the second quarter, according to this NBC News report. Banning new federal leasing and development would have dire effects, OnLocation’s analysis projected.

More »

Fracking Ban Could Hamstring Important Energy Producing States

hydraulic fracturing  fracking  economic losses  job losses 

Sam Winstel

Sam Winstel
Posted March 2, 2020

The U.S. is the world’s leading producer of natural gas and oil, and a net exporter of total energy, but unrealistic policy proposals could put America’s progress is at risk. A nationwide ban on hydraulic fracturing and federal natural gas and oil leasing could erase a generation of industry growth and innovation, according to API’s latest economic analysis, and several U.S. states are in the crosshairs.

Modern hydraulic fracturing – or fracking – has delivered widespread economic and environmental progress. But per API’s report, a fracking ban could result in the loss of $7.1 trillion in cumulative GDP and millions of jobs by 2030 and could trigger a U.S. recession.

More »

Fracking Ban Could Cripple U.S., New Study Finds

economic losses  jobs  us energy security  fracking 

Mark Green

Mark Green
Posted February 27, 2020

We’ve been making the point that political chatter about banning safe hydraulic fracturing and ending federal natural gas and oil leasing simply doesn’t make sense when you think about how far the U.S. has come in recent years – economic growth, increased energy security and consumer benefits – because of modern fracking, which is used for 95% of new wells in the U.S. today.

Thanks to a new study, we now know what that America would look like, and the picture isn’t good.

A new economic analysis conducted by OnLocation shows that if some politicians get their way and ban fracking and federal natural gas and oil leasing, the consequences could be crippling.

More »

The Crippling Costs of a Fracking Ban

fracking  politics  us energy security  jobs  economic losses 

Mark Green

Mark Green
Posted February 21, 2020

API’s new video, “The Costs of a Fracking Ban,” pulls no punches: Ending the technology most responsible for the U.S. energy revolution – as proposed by some politicians – would harm millions of Americans and weaken the nation’s security. 

With 95% of new natural gas and oil wells developed with hydraulic fracturing, a ban on fracking most likely would end U.S. global leadership in natural gas and oil production and make America weaker, less secure. It would hamstring the economy and could cost millions of jobs. Average household costs could increase, and entire communities could be waylaid in the process.


More »

Pushing Back Against the 'American Recession Platform'

hydraullic fracturing  fracking  economic losses  oil and natural gas production 

Dean Foreman

Dean Foreman
Posted January 10, 2020

API’s new State of American Energy report illustrates how abundant U.S. natural gas and oil is empowering economic growth and opportunity across the country – and the potential harm to these benefits if fracking is banned, as some presidential candidates have promised to do.

The Washington Post’s Dino Grandoni has an analysis taking exception to the latter point, that banning hydraulic fracturing – the technology most responsible for launching the U.S. energy revolution – would seriously damage the U.S. economy, raise energy costs for American consumers and could likely trigger a recession at home and harm the global economy.

As an economist I would argue that an economic study isn’t needed to validate API’s point about a fracking ban. History shows what would happen if natural gas and oil production from the world’s leading producer was undercut by a fracking ban. According to independent studies, a sudden and enduring return to oil with triple-digit prices is the likely risk.

More »

Withdraw Energy-Hindering Jones Act Proposals

offshore development  oil and natural gas  regulation  jobs  economic losses  spill 

Mark Green

Mark Green
Posted April 7, 2017

Earlier this year Customs and Border Protection Agency proposed modifications and revocations to approximately 30 identified rulings under the Jones Act. An economic study by energy consulting firm Calash says these changes likely would lead to decreased offshore oil and natural gas development, resulting in a number of significant negative impacts.

More »