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Energy Tomorrow Blog

Tariffs and Signals From the Economy

trade  energy exports  economic growth 

Dean Foreman

Dean Foreman
Posted August 7, 2018

Recently, we discussed how natural gas and oil production and energy exports were major contributors to robust second-quarter growth by the U.S. economy – by themselves generating nearly half of the increase in U.S. real exports in Q2.

Yet, there’s concern that escalating U.S. trade restrictions and looming disputes could threaten global trade and economic growth. We’ve talked about tariffs and quotas directly impacting the natural gas and oil industry – China last week announced a 25 percent tariff on U.S. liquefied natural gas – but the potential effect is broader than just our industry, as indicated in last week’s post on possible food price impacts

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IEA: Opportunity for U.S. Energy as Global Demand Grows

iea  energy demand  us energy  exports 

Mark Green

Mark Green
Posted November 15, 2017

IEA’s statement above is remarkable. What it means is that the energy security goals U.S. leaders have discussed for more than 40 years appear to be coming into view. Thanks to modern, data analytics-based exploration and production, the United States will produce natural gas and oil at unprecedented levels, decreasing oil imports and growing opportunities for U.S. energy in the global marketplace. 

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Refined Products Trade Benefits North America

refineries  petroleum products  energy exports  canada  mexico  trade 

Mark Green

Mark Green
Posted March 22, 2017

Exports of finished petroleum products – including finished motor gasoline, propane, distillate fuel oil and others – to Canada and Mexico are a big part of the North American energy market that we posted on here, a market that is providing economic and security benefits to all three countries.

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For the Broad Benefits of Free Energy Trade

energy exports  lng exports  trade  economic growth 

Mark Green

Mark Green
Posted January 25, 2017

American energy also should be able to reach new markets abroad. Freely trading U.S. crude, LNG, petrochemicals and finished products made from petroleum and natural gas is key to strengthening U.S. competitiveness around the globe, economic growth and domestic energy production.

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U.S. Energy Outlook: Growing Output, Growing Security

oil and natural gas  us energy security  oil imports  energy exports  eia forecast 

Mark Green

Mark Green
Posted January 6, 2017

Sometime in the mid-2020s, U.S. energy officials project, two key lines measuring energy imports and exports will cross, and the United States will have achieved something quite special – the advent of an era in which America is a net energy exporter. That’s one of the big projections contained in the U.S. Energy Information Administration’s newly released Annual Energy Outlook for 2017 (AEO2017).

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Energy Year in Review

consumers  gasoline prices  energy costs  emission reductions  energy exports  access  infrastructure 

Jack Gerard

Jack Gerard
Posted December 28, 2016

Despite occasional policy obstacles, the U.S. energy revolution continues to enhance America’s economic and national security and deliver major benefits to consumers, the environment and manufacturers. With commonsense, market-based, consumer-focused energy policies, the new Congress and incoming administration can maintain and extend our global energy leadership.

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U.S. Energy’s Growing Strength in Global Markets

energy exports  liquefied natural gas  lng  trade 

Mark Green

Mark Green
Posted November 30, 2016

Perhaps more importantly, the November natural gas export/import numbers suggest new U.S. muscularity in the global energy marketplace, built by America’s domestic energy renaissance. Record natural gas output, largely developed with advanced hydraulic fracturing and horizontal drilling, is creating export opportunities for U.S. liquefied natural gas (LNG) and increasing U.S. energy influence globally.

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Why Leading the World in Oil, Natural Gas Output Matters

oil and natural gas production  security  energy exports  economic growth  climate 

Mark Green

Mark Green
Posted May 23, 2016

New figures from the U.S. Energy Information Administration show the United States remained the world’s No. 1 producer of oil and natural gas in 2015, a position the U.S. has held since 2012.

Several important points here, supporting the idea that U.S. world energy leadership is a big thing.

First, U.S. production of oil and natural gas grew last year despite continued low prices for crude last year. U.S. output of petroleum and other liquid fuels grew from 14.08 million barrels per day in 2014 to 15.04 million barrels per day in 2015. According to EIA, natural gas production rose from 74.89 billion cubic feet per day (bcf/d) in 2014 to 78.94 bcf/d in 2015, or about 13.99 million barrels of oil equivalent per day.

The second point is the vast majority of U.S. energy production is the result of safe and responsible hydraulic fracturing and modern horizontal drilling – fracking.

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EIA’s ‘Sneak Peek’ and Growing Energy Benefits

oil and natural gas production  security  economic growth  energy exports  climate  vote4energy 

Mark Green

Mark Green
Posted May 17, 2016

The United States in 2040 will be more energy self-sufficient, a net energy exporter and a lower source of energy-related carbon emissions as clean-burning natural gas becomes the dominant fuel for generating electricity. The leading energy source 24 years into the future – as they are now – will be oil and natural gas.  

So projects the U.S. Energy Information Administration (EIA) in an early look at select data from EIA’s Annual Energy Outlook 2016 report that’s scheduled for full release in July.

The main takeaway from EIA’s “sneak preview” is the importance of the U.S. energy revolution – primarily oil and natural gas developed from shale and other tight-rock formations using safe hydraulic fracturing and modern horizontal drilling. The United States is stronger now and will be in the future thanks to domestic energy from fracking.

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A High-Energy Thanksgiving

affordable energy  american energy security  co2 emissions  consumer products  oil and natural gas production  economic benefits  gasoline prices  energy exports 

Mark Green

Mark Green
Posted November 25, 2015

Thanksgiving is about taking a moment to give thanks for our good fortune. A festival of gratitude with food, family and friends – maybe with a little football thrown in.  So here's a list of some of the things that we’re thankful for this holiday season, from A to Z.

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