Energy Tomorrow Blog
Posted October 16, 2019
Hydraulic fracturing – the technological breakthrough that launched the U.S. energy revolution – has taken a beating during the Democratic presidential derby.
The Washington Post ran a graphic recently, showing that the entire field would ban fracking altogether or restrict it in some capacity. Here’s the portion of the graphic showing the candidates who would ban fracking completely. The group includes some top-tier candidates, U.S. Sens. Elizabeth Warren, Bernie Sanders and Kamala Harris. Sen. Warren tweeted last month that she would ban fracking everywhere, while Sen. Sanders told the Post that safe fracking is a “pure fiction.”
Not fiction are the negative impacts throughout our society that could result from banning hydraulic fracturing: millions of job losses, trillions lost to the economy, significant increases in household spending on energy.
Posted October 14, 2019
Looking over EPA’s new Greenhouse Gas Reporting Program (GHGRP) data on methane emissions, let’s consider two overarching points:
First, energy from natural gas and oil power and empower America’s modern way of life – better health, greater comforts and conveniences and opportunities for Americans and their families to prosper. No other energy comes close in terms of accessibility, reliability, affordability and useful adaptability across an economy and nation as large and diverse as ours.
Second, as America’s natural gas and oil industry produces the energy we count on every day, it also must continue to capture as much methane as possible from that production, to help the U.S. meet its climate objectives. On both of those leading priorities, our industry is on it.
Posted September 27, 2019
A pair of new, positive developments on the emissions/climate front. First, the U.S. Energy Information Administration (EIA) projects that energy-related carbon dioxide emissions will decline 2.5% this year. Second, a new Energy Department report on the life cycle greenhouse gas emissions associated with U.S. liquefied natural gas (LNG) exports confirms the environmental benefits of natural gas vs. coal – significant given expanding markets in Asia and Europe for U.S. LNG.
Both are very important. EIA’s CO2 projection, along with the projected 4.9% increase in natural gas consumed for power generation relative to 2018, underscores the point that increased use of natural gas in fueling power generation lowers CO2 emissions, and that the recent trend of the U.S. recording the lowest CO2 levels in a generation will continue.
Posted September 25, 2019
Energy is essential to a modern standard of living, and as the leading energy sources, natural gas and oil are foundational to almost everything we do – lighting our homes, heating our hospitals and powering our workplaces.
The U.S. is the world’s leading natural gas and oil producer, which is critically important given new projections that global energy consumption will increase nearly 50% by 2050. Though reliable access to energy often is taken for granted in this country, people in other parts of the world struggle to obtain the energy needed for sustainable development and to empower basic human progress.
According to the International Energy Agency (IEA), nearly one in eight people around the world lives without electricity, and 2.7 billion people currently are without access to clean cooking facilities. Without power for heating, lighting and advanced technologies, human potential is severely limited. And in the absence of cleaner fuels, people must use coal, kerosene, biomass and other energy sources to prepare food, which contributes to harmful and unnecessary indoor air pollution.
Posted September 19, 2019
Borrowing from a line from a presidential campaign gone by, we’ll point out that Democrats were for natural gas and oil before they were against it. See the clips below of President Obama, former Secretary of State Hillary Clinton and House Speaker Nancy Pelosi.
Our homegrown energy revolution is delivering abundant, affordable and reliable energy for American consumers and strengthening an industry that supports 10.3 million well-paying U.S. jobs. As the world’s No. 1 producer of natural gas and oil, the U.S. is increasingly energy self-sufficient, which reinforces our domestic economy, national security and climate leadership.
Posted September 19, 2019
At a time of energy uncertainty in the world, the U.S. natural gas and oil industry is producing at levels that have helped cushion domestic markets and American consumers against global supply disruptions that once would have put severe pressure on our economy here at home.
Each final month of the quarter marks the simultaneous release of API’s Monthly Statistical Report (MSR) and quarterly Industry Outlook, and this quarter has offered some remarkable milestones and insights – at a critical time for the world.
Posted September 18, 2019
As the United States’ leading source for electricity generation, natural gas is indispensable to our power grid. And, as a cleaner-burning fuel, it is essential to climate progress, accounting for more than 60% of power-related carbon dioxide emission reductions since 2005, which are at their lowest levels in a generation.
Worldwide energy demand grew last year by 2.3% – the fastest this decade – and natural gas emerged as the fuel of choice, accounting for 45% of the rise in consumption, according to the International Energy Agency. These numbers demonstrate the ongoing importance of abundant American natural gas in meeting the growing global push for sustainable, affordable fuels. Given this, the U.S. natural gas and oil industry is laser-focused on balancing the realities of consumer demand with the risks of a changing climate.
Posted September 10, 2019
With global demand for energy on the rise – expected to increase more than 25% by 2040, according to the International Energy Agency (IEA) – the U.S. natural gas and oil industry is focused on delivering affordable and reliable energy to consumers, while simultaneously shrinking our environmental footprint.
Cleaner-burning natural gas is at the leading edge of climate progress, as the fuel has been largely responsible for reducing U.S. energy-related carbon dioxide emissions to their lowest levels in a generation. Natural gas emits one-half the carbon compared to coal and, as a result, switching from coal to natural gas in electricity generation has saved about 500 million tons of carbon dioxide since 2010, per IEA.
Posted September 9, 2019
One of the things I do often on behalf of API is to speak publicly across the United States, emphasizing how the energy revolution has continued to benefit consumers. On the topic of natural gas and electricity generation, a common thread has emerged: Natural gas has generally led to lower energy-related carbon dioxide emissions and lower electricity prices across the nation.
To those who follow the industry, this may be no surprise given that clean natural gas has supplanted coal as the leading energy source for generating electricity in the U.S. Part of this is natural gas’ competitiveness in the marketplace. Thanks in part to the shale revolution, real natural gas prices at Henry Hub decreased 37% between 2010 and 2018 – and as of August 2019 were down by another 15.6% y/y.
Posted September 5, 2019
The U.S. natural gas and oil industry is laser-focused on tackling the dual challenge of delivering energy for all and protecting our planet, keeping pace with record demand for affordable fuels while reducing emissions every step of the way.
By investing in innovative technologies, developing state-of-the-art standards and supporting smart regulations that reduce methane and other emissions, our industry is improving sustainability, particularly for the production of cleaner-burning natural gas.