Energy Tomorrow Blog
Leading Through the 2020 Pandemic, Powering the 2021 Recovery
economic recovery consumers energy reserves efficiency
Mark Green
Posted December 30, 2020
What a year. Thinking of those who lost their lives or were seriously ill and the continuing hardships from the pandemic, such as lost jobs and financial setbacks, 2020 can’t end soon enough.
Like other industries, ours faced steep challenges as it played an important role in helping the country battle the virus and supported economic recovery. There was added meaning to the word “resilience,” and our country is better off because our industry proved its staying power.
Think of it this way: Imagine the country in the middle of a global pandemic, trying to regain its footing, but without sufficient domestic natural gas and oil – or a modern, technologically advanced industry to develop that energy for consumers, businesses and manufacturers.
Activists vs. Reality: Economic Growth, Human Progress Won't Be Stranded
oil and natural gas development oil and natural gas investments energy reserves economic growth
Mark Green
Posted July 22, 2014
Interesting question: Might climate change laws and regulations negatively impact the value of oil reserves held by energy companies, to the point of “stranding” them, ultimately affecting shareholders? Two companies, ExxonMobil and Shell, essentially have told their shareholders, no – because projected increases in global energy demand will continue to require all viable energy sources, including oil and natural gas, into the foreseeable future. From ExxonMobil’s report to shareholders:
For several years, our Outlook for Energy has explicitly accounted for the prospect of policies regulating greenhouse gas emissions (GHG). This factor, among many others, has informed investments decisions that have led ExxonMobil to become the leading producer of cleaner-burning natural gas in the United States, for example. Based on this analysis, we are confident that none of our hydrocarbon reserves are now or will become “stranded.” We believe producing these assets is essential to meeting growing energy demand worldwide, and in preventing consumers – especially those in the least developed and most vulnerable economies – from themselves becoming stranded in the global pursuit of higher living standards and greater economic opportunity.
Let's Have A Parade
energy information administration crude oil crude oil production oil imports energy access domestic energy reserves
Mark Green
Posted March 21, 2013
New from the U.S. Energy Information Administration:
Monthly crude oil production in the United States is expected to exceed the amount of U.S. crude oil imports later this year for the first time since February 1995. The gap between monthly U.S. crude oil production and imports is projected to be almost 2 million barrels per day (bbl/d) by the end of next year—according to EIA's March 2013 Short-Term Energy Outlook.
Energy Resources: America is #1
domestic energy energy reserves congressional research service
Jane Van Ryan
Posted November 10, 2009
Did You Know? Report: U.S. Tops in Energy Resources
congressional research service energy reserves
Jane Van Ryan
Posted November 3, 2009