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Energy Tomorrow Blog

Delivering the Second Wave of U.S. LNG Mega-Projects

lng exports  workforce  investments  labor unions 

Dean Foreman

Dean Foreman
Posted August 28, 2019

U.S. exports of liquefied natural gas (LNG) – growing to a record 4.8 billion cubic feet per day (bcf/d) in the third quarter of 2019 – have been a catalyst for new natural gas resource development, U.S. pipeline and natural gas processing investments and the U.S. economy. ...

The U.S. Energy Information Administration (EIA) expects U.S. LNG exports to more than double again by 2025, which holds the potential for even greater domestic economic benefits, plus a central, emerging role for U.S. energy leadership in global markets.

Realizing these benefits is critically dependent on the United States’ ability to build and deliver an unprecedented number of multi-billion-dollar U.S. mega-projects over the next several years. When ”demographics are destiny” and the average age of a welder in the U.S. already is over 57 years, we should remain optimistic about the potential to build these projects but also pragmatic about the policies and business environment needed to achieve the goals.

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Make U.S. Gulf Leasing More Competitive

gulf of mexico  leasing  investments  us energy security 

Mark Green

Mark Green
Posted May 10, 2019

Headlines announcing big oil discoveries in the U.S. Gulf of Mexico (GOM) – such as the Blacktip deepwater find last month – are something we’ve come to expect. Gulf production long has been strategically important to the United States, accounting for 17 percent of total U.S. crude oil production, and it’s easy to take for granted that the basin will just keep producing and producing.

Yet, two recent analyses, IHS Markit’s report for the U.S. Bureau of Ocean Energy Management and a Crystol Energy report, caution that the Central and Western Gulf, currently open to oil and natural gas development, are maturing, having been developed for several decades, and production could begin to decline before long. GOM development must compete globally with other offshore and onshore prospects or face declining interest in exploration, falling investment and decommissioning of critical infrastructure.

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Energy Infrastructure and Opportunity for Bipartisan Progress

infrastructure  pipelines  congress  energy investments 

Jessica  Lutz

Jessica Lutz
Posted November 16, 2018

With the midterms behind us, we can anticipate the spate of political analysis bemoaning the onset “divided government” with this observation: Expanding and upgrading U.S. energy infrastructure offers a terrific opportunity for substantive, bipartisan action that will benefit the American people.

First, consider that America’s energy resurgence – spurred by technologies and innovations tapping vast natural gas and oil reserves in shale and other tight-rock formations – is growing the economy, strengthening U.S. security and providing consumer benefits. Abundant energy helps everyone – hence the chance for the new Congress to find common ground in bolstering the infrastructure that delivers it.

API President Mike Sommers and Sean McGarvey, president of North America’s Building Trades Unions (NABTU), built on these themes earlier this week in an op-ed in The Hill.

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Correlation Grows Between Financial Markets, Oil Prices

crude markets  crude oil prices  consumers  investments  finance 

Dean Foreman

Dean Foreman
Posted November 15, 2018

Earlier this year we pointed out that a roller coaster of emerging economic factors could affect oil markets and, ultimately, consumers – and we were correct.

Rising interest rates, trade and tariff disputes, near decade-high U.S. dollar appreciation and potential financial market uncertainties have become pronounced over the past few months, affecting global crude oil markets and producing the strongest correlation between financial markets and oil prices in years

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Study: Industry is a Leader in Making Our Air Cleaner

emission reductions  renewables  technology  investments 

Mark Green

Mark Green
Posted May 15, 2018

A new study by T2 and Associates quantifies natural gas and oil’s leadership in reducing greenhouse gas emissions – through its investments in renewables and other low-carbon technologies and cutting its own emissions – resulting in cleaner air for the country. In all, industry directly invested more than $108 billion in zero- and low-carbon technologies between 2000 and 2016. This is on top of the carbon emissions-reducing benefits of from increased use of abundant domestic natural gas from shale. API’s Kyle Isakower, vice president for regulatory and economic policy, briefed reporters on the study during a conference call.

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Ending NAFTA Investor Protections Will Harm U.S. Energy Security

trade  investments  canada  mexico 

Mark Green

Mark Green
Posted May 8, 2018

There’s no denying that North American Free Trade Agreement (NAFTA) has been very good for U.S. energy over the years. Yet, whether we will be able to say the same about NAFTA 2.0 years down the road is an open question.

That’s because the Trump administration has signaled a key NAFTA provision safeguarding U.S. energy investments in Canada and Mexico shouldn’t be included in a revised agreement. It’s an outcome that would be a significant setback for our energy and security interests.


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Keep NAFTA’s ISDS Protections for U.S. Investors

trade  canada  mexico  us energy  consumers  jobs  investments 

Mark Green

Mark Green
Posted October 10, 2017

With talks between the U.S., Canada and Mexico on modernizing NAFTA heading for a fourth round this week, our negotiators can help ensure the global competitiveness of U.S. energy companies by working to retain strong protections for U.S. investments abroad through the agreement’s investment protections and investor-state dispute settlement (ISDS) provision.

ISDS sounds a little wonky, but its basic mission is pretty straightforward: It helps protect U.S. investors from being treated unfairly by host nation governments. Conversely, there’s potential jeopardy if the U.S. allows ISDS to be weakened or removed in the current talks. It could undermine ISDS provisions globally in other treaties and agreements.

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Energy Infrastructure – For Growth, Security

infrastructure  natural gas pipelines  oil pipelines  economic growth  jobs  investments 

Mark Green

Mark Green
Posted May 16, 2017

Energy is opportunity. Energy infrastructure allows opportunity to become reality by bringing the benefits of natural gas, oil and refined products to consumers – individuals, businesses and industrial users. Last week API released a new study detailing the extent of the many positives resulting from developing needed U.S. natural gas and oil infrastructure, out to the year 2035. These are measured in more than a trillion dollars in investments and economic growth, potentially generating more than 1 million jobs. This supports a vision of growth and prosperity that can touch every state in the union, not just those that are big energy producers. 

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Winning – At Energy

100-days  oil and natural gas  consumers  access  regulation  energy investments 

Mark Green

Mark Green
Posted April 18, 2017

Recent developments represent a significant shift of Washington’s approach to the new reality brought by America’s energy renaissance. All signal a new embrace of safe and responsible domestic oil and natural gas development. All inherently acknowledge that growing U.S. oil and gas production can continue benefiting American consumers, businesses and manufacturers with affordable, reliable energy that supports economic growth and strengthens U.S. security – while playing the major role in U.S. carbon dioxide emissions from electricity generation fall to their lowest levels in nearly 30 years.

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U.S. Energy Optimism

100-days  oil and natural gas  access  infrastructure  investments 

Mark Green

Mark Green
Posted March 9, 2017

Put it all together and it’s critically important for U.S. policy to continue working to keep pace with America’s energy renaissance. We have the oil and natural gas reserves, the experience and the technologies to harness the country’s vast energy potential. With increased access to public reserves, a common-sense regulatory approach and a sound investment climate, America’s oil and gas companies are showing they will invest to develop the energy to fuel our economy and modern lives while strengthening our security. 

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