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Energy Tomorrow Blog

Taking Stock of America’s Energy Revolution

news  oil and natural gas  energy supply  ethanol in gasoline  alaska  offshore drilling  natural gas pipelines  infrastructure 

Mark Green

Mark Green
Posted May 26, 2015

Reuters: U.S. Republicans have had to watch from the sidelines as the Obama White House has taken political credit for America's unexpected energy boom and tumbling gas prices. Now it has left their presidential candidates scrambling for a way to reclaim leadership on an issue the party once seemed to own.

Their apparent answer: calling time on a 40-year-old federal ban on crude oil exports and using the newfound energy bounty to strategic advantage.

"We've got an abundance of supply," Wisconsin Governor Scott Walker said this week in Oklahoma at a gathering of putative Republican candidates for next year's presidential election. Lifting the ban, he said, would allow exports to "our allies in Europe, where, instead of being dependent on (President) Vladimir Putin and the Russians, they could be dependent on Americans."

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Maritime System Delivers Energy for America

analysis  energy supply  oil supply  crude oil tankers  transportation 

Mark Green

Mark Green
Posted May 26, 2015

Thinking about American energy, one underappreciated component is our national maritime system – connecting sources of oil with U.S. destinations and also exported domestic resources that help make the U.S. an energy superpower. National Maritime Day last week reminds us of the vital link this system provides in the energy supply chain. 

Noteable: America’s marine highway system consists of more than 29,000 nautical miles of navigable waterways – the most extensive system in the world – infrastructure that’s vital to our economy, about 42 percent of all waterborne trade in the U.S. in 2012 was comprised of crude or petroleum products, reflecting the fact the U.S. imports about 10 million barrels of oil per day and more.

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U.S. Energy – It’s All About Supply

analysis  access  energy exports  energy supply  oil and natural gas development  senate  american petroleum institute  economic growth 

Mark Green

Mark Green
Posted May 19, 2015

Solid bipartisan support for important energy legislation is on display in the U.S. Senate, with members of a key committee considering a number of ways to increase access to domestic supplies of oil and natural gas – as well as bills ending 1970s-era restrictions on U.S. crude oil exports.

Energy security is about having secure, reliable energy supplies to fuel broad economic expansion and create opportunity for individual Americans. When we remove outdated export restrictions, allowing U.S. energy to reach global markets, studies have detailed how domestic production will be stimulated – again, creating jobs and economic growth here at home. API Executive Vice President Louis Finkel talks about new legislation offered by Democrat Heidi Heitkamp, similar to legislation offered last week by Republican Lisa Murkowski, that would lift the crude export ban and boost U.S. energy:

“Bipartisan leadership on this issue keeps the focus on the consumers and workers that will benefit from free trade in crude oil. … Study after study shows that lifting outdated limits on crude exports will allow America to create more jobs, cut the trade deficit, grow the economy, and put downward pressure on fuel costs. Exports will help keep U.S. production strong in a tough market, and they will provide our allies with an important alternative to energy from less friendly regimes.”

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Energy in 2014 and Beyond

energy supply and demand  access  trade  electricity  oil and natural gas development 

Mark Green

Mark Green
Posted December 13, 2013

There’s much to mine from ExxonMobil’s 2014 energy outlook, but here’s a quick analysis: In a world of increasing energy demand, the future looks brightest for countries that have significant energy reserves, modern industries that can find and produce from those reserves and policies that allow them to be major players in the global marketplace. For the United States that would be check, check and … check back later.

ExxonMobil’s William Colton and Kenneth Cohen highlighted the annual report that looks to global energy demand and supply out to the year 2040. Key projections and charts:

Demand – The world’s energy demand is expected to increase 35 percent over 2010 levels by 2040. Most of the demand growth will come from the developing world. ExxonMobil projects flat demand growth in developed nations despite expanding economies due to technology and energy-use efficiencies.

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Drilling Safety, Energy Security

center for offshore safety  domestic energy  domestic energy security  domestic exploration  domestic production  energy supply  gulf of mexico  oil access  oil production  spill response  oil safety  oil spill prevention and response  oil spill response  oil spill prevention 

Jack Gerard

Jack Gerard
Posted May 25, 2011

Our industry's longstanding commitment to safe operations was questioned by some after last year's tragic spill in the Gulf of Mexico. Today, we have more than 20 industry groups working concurrently on improving spill prevention and response. Oil companies are committing resources in the form of dollars, time and expertise to ensure that these improvements are implemented.

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Natural Gas: PA Prospers, NY Delays Development

domestic energy  energy resources  energy supply  government revenue  natural gas  new york  pennsylvania  bradford county  susquehanna county 

Jane Van Ryan

Jane Van Ryan
Posted November 2, 2010

The United States is blessed with an abundance of clean-burning natural gas. It provides fuel for industry, power for heating, and chemicals for plastics, medicines and a wide variety of consumer products, such bicycle helmets and hospital supplies, that make Americans safer, healthier, and more comfortable. At the current rate of consumption, it's estimated that the United States has enough natural gas to last about 100 years.

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Drilling Completions Up in Third Quarter

bakken formation  deepwater drilling moratorium  domestic energy  eia  energy  energy demand  energy information administration  energy supply  gulf of mexico  horizontal drilling  natural gas wells  oil and natural gas drilling  oil drilling  oil wells 

Jane Van Ryan

Jane Van Ryan
Posted October 28, 2010

U.S. oil and natural gas drilling increased markedly in the third quarter this year, according to API's 2010 Quarterly Well Completion Report: Third Quarter. An estimated 11,297 oil wells, natural gas wells and dry holes were completed, which was 45 percent higher than during the same period in 2009. 

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