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Energy Tomorrow Blog

Tax Revenues From Offshore Energy Will Benefit States, Studies Find

offshore energy  tax revenues  florida  north carolina  virginia  south carolina  georgia 

Mark Green

Mark Green
Posted November 19, 2018

As we wait for the Trump administration to unveil the next federal offshore leasing program, which will guide offshore natural gas and oil development the next five years, new studies affirm what we’ve been saying about the economic boost outer continental shelf (OCS) leasing could give to coastal states – in the form of cumulative tax revenues over a 20-year forecast period. …

Individually, each state is looking the potential for big numbers and big benefits across the entire state. They follow studies earlier this year finding that through offshore leasing these states together could see billions in projected industry spending and the creation of hundreds of thousands of jobs.


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Affordable and Reliable Offshore Energy is a Benefit to Floridians

access  economic benefits  exploration  offshore development  florida 

Jessica  Lutz

Jessica Lutz
Posted August 15, 2018

Increased access to America’s offshore natural gas and oil would bring far-reaching benefits to coastal states, and the entire country. This is precisely why the diverse, bipartisan “Explore Offshorecoalition gathered today in Florida: because the strategic interests of Florida and our nation are tied to responsible development of offshore natural gas and oil..

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Offshore Energy the ‘Golden Egg’ for Coastal States

offshore energy  economic benefits  north carolina  virginia  florida  south carolina  georgia 

Mark Green

Mark Green
Posted March 23, 2018

Safely tapping America’s offshore natural gas and oil reserves could provide billions of dollars for the economies of coastal states – a big reason why the needs and voices across entire states, not just their coastal areas, must be considered in the offshore energy conversation.

For example, federal revenue sharing could help transform state economies by sending billions in royalties, rentals and fees to state coffers. By putting revenue-sharing programs in place – like those already working for the states of Alabama, Louisiana, Mississippi and Texas – North and South Carolina, Virginia, Florida, Georgia and other states could benefit from offshore energy development. 

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Hurricane Update: Refinery Restarts, Fuel Supplies Rise

hurricane response  gasoline supply  refineries  florida  texas 

Mark Green

Mark Green
Posted September 18, 2017

Much of the energy-related news from hurricane-recovery areas of Texas and Florida continues to be encouraging. Shell said it was restarting its Deer Park refinery in the Houston area that was shut down three weeks ago with the approach of Hurricane Harvey. ExxonMobil said it could start most of the production units at its Beaumont, Texas, refinery later this week. In Florida, Gov. Rick Scott said pre-Hurricane Irma preparations and a concentrated focus on refueling the state’s communities have shown progress.

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Hurricane Update: Florida’s Fuel Receiving Ports Reopening

hurricane response  florida  fuel supply  infrastructure 

Mark Green

Mark Green
Posted September 14, 2017

While the recovery in Florida – as well as the Texas-Louisiana Gulf Coast – will continue over weeks and months, developments indicate the state’s fuel supply remains a top priority and is being served with the help of industry and state and local officials. This is encouraging, given Irma’s Sunday landfall. The historic resiliency of our energy supply system is a part of that – the ability and flexibility of markets to adjust and help areas where fuel product needs are acute.

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Hurricane Update: Storage Tank Safety, Improved Fuel Outlook

hurricane response  florida  texas  storage tanks  fuel supply 

Mark Green

Mark Green
Posted September 12, 2017

Florida has no refineries, but it hosts a number of tanks for storing product and terminals, all of which will need assessing – as has been ongoing in Texas following Hurricane Harvey. We’ll see what is discovered. What we know is that API standards for the large, above-ground tanks used to store crude oil and fuels, like the ones we visited for this post a couple years ago, are designed to help prevent potential spills.

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Hurricane Update: Three things you need to know about claims of fuel price gouging

florida  gasoline demand  gasoline supply  hurricane-harvey  hurricane-irma  hurricane response  refineries  retail price 

Mark Green

Mark Green
Posted September 8, 2017

With Hurricane Irma threatening Florida, here are three things you need to know related to claims of fuel price gouging:

1. Industry Does Not Condone Price Gouging
2. Gasoline Stations are largely owned by mom-and-pop retailers
3. Supply and Demand Influences Prices

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Hurricane Update: Focusing on Fuel Supplies Before Irma Arrives

hurricane response  florida  fuel supply  consumers  hurricane-harvey  hurricane-irma 

Mark Green

Mark Green
Posted September 7, 2017

As the Texas-Louisiana region continues its recovery from Hurricane Harvey, energy companies are making preparations for Hurricane Irma, which the National Hurricane Center projects could make landfall in Florida on Sunday. The big issue in Florida is consumer access to fuel. Companies are working with state and federal officials to meet needs.

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Energizing Florida

florida  vote4energy  offshore access  states2016 

Mark Green

Mark Green
Posted August 15, 2016

Florida is a tale of two energy stories. On the consumption side, only Texas generates more net electricity from natural gas than Florida – which makes sense given Florida’s use of electricity to run air conditioners during the summer and home heating units during the winter. Production-wise, Florida is in the second tier of states in output (about 2 million barrels of oil in 2015, compared to Texas’ 1.26 billion barrels) – yet geologists believe there may be large oil and natural gas reserves on the outer continental shelf off Florida’s western coast.

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Energizing Florida

analysis  florida  crude oil exports  economy and energy  gasoline prices  lng  income  pricewaterhousecoopers  revenue  trade  wood mackenzie 

Reid Porter

Reid Porter
Posted August 3, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Florida. We started our focus on the state level with Virginia on June 29. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with Florida, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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