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Energy Tomorrow Blog

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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EIA Energy 2014 and Beyond

oil and natural gas development  energy supplies  eia  iea  increased access  energy exports 

Mark Green

Mark Green
Posted July 15, 2014

A couple of highlights from the first day of the U.S. Energy Information Administration’s (EIA) annual energy conference, both of which can be used to underscore the need for policies that help sustain and grow America’s energy revolution.

First, International Energy Agency (IEA) Executive Director Maria van der Hoeven suggested exuberance over the U.S. energy boom has risks because energy security is more than just ample supply:

“In periods of abundance we must challenge ourselves with questions. And so I ask you, is your energy security as security as you or I think? … Energy security is about much more than supply. … Although things look bright at first sight, there’s no time for complacency.”

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Energy Revolution Rolls On, Federal Role Declines

us energy security  federal lands  energy production  oil and natural gas development  eia  iea  access 

Mark Green

Mark Green
Posted June 20, 2014

Let’s make a couple of points with the juxtaposition of the newest U.S. report on energy production on federal lands and a pair of new analyses people are talking about this week.

First, there’s this piece by the Manhattan Institute’s Jared Meyer on the Real Clear Energy website, asserting that surging U.S. crude oil production is playing a big role in keeping global crude prices stable despite turmoil around the world:

The most important contribution to oil's price stability has been the substantial increase in U.S. production. U.S. crude oil production has risen 50 percent since 2008, to 7,443 thousand barrels a day. This increase has been driven by advances in drilling technology. Hydraulic fracturing has opened up previously-known reserves that were either inaccessible or too cost-prohibitive for drilling.

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World Energy Outlook

energy development  energy demand  iea  domestic energy development  access  oil production 

Mark Green

Mark Green
Posted December 3, 2013

International Energy Agency (IEA) Chief Economist Fatih Birol was at CSIS this week, highlighting the organization’s findings in its 2013 World Energy Outlook. The report focuses on global energy demand growth, the future energy mix and the sources of energy. Key takeaways from Birol’s presentation:

  • The United States could become the world’s leading oil producer as early as 2015, two years earlier than IEA projected a year ago, Birol said.
  • About two-thirds of the growth in global energy demand between now and 2035 will come from Asia.
  • U.S. energy production, especially surging natural gas output from shale via hydraulic fracturing, is creating energy cost differentials that make American products more competitive in the global market.

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Crude Oil Reaches Two-Year High

crude oil  gasoline  iea  international energy agency  prices  federal reserve board  price of gasoline  price of oil 

Jane Van Ryan

Jane Van Ryan
Posted November 11, 2010

"Virtually anything can influence the price of crude oil." - API Chief Economist John Felmy

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Pump Price Update

crude oil  crude oil demand  crude oil prices  economic growth  eia  energy information administration  energy prices  gasoline  gasoline prices  global demand  iea  international energy agency  oil demand  oil prices  prices 

Jane Van Ryan

Jane Van Ryan
Posted November 3, 2010

Are you planning a trip during the upcoming Thanksgiving Day holiday? For those of us in the Washington, D.C. area, the Wednesday before Thanksgiving is the single busiest day on surrounding highways during the entire year. 

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