Energy Tomorrow Blog
Posted November 8, 2016
With a series of public hearings on proposed federal rules for offshore seismic testing scheduled to begin this week, let’s take a look at the basics on the safe technologies and procedures used to survey for oil and natural gas reserves. These are key as the Bureau of Ocean Energy Management (BOEM) conducts hearings in New Orleans (Nov. 9), Gulfport, Miss. (Nov. 10), Fort Walton Beach, Fla. (Nov. 14), Mobile, Ala. (Nov. 15) and Houston (Nov. 17).
Posted December 11, 2015
Then there’s this from Alaska: Falling oil revenues have the governor in that energy-rich state asking his legislature to plug a $3.5 billion hole in the state budget by imposing a small income tax (Alaska hasn’t had one for 35 years), other tax hikes, budget cuts and a reduction in the annual dividend Alaskans get from the state’s Permanent Fund.
Now, it might not bother you much that Alaskans soon could be paying higher taxes. But there’s another story playing out in Alaska and other places that should trouble all Americans: Access to U.S. energy is being restricted – by policy and regulation – in ways that could imperil America’s energy revolution and the generational opportunities that are being created by that revolution.
Posted June 2, 2015
The Huffington Post (Sean McGarvey): The American job market is the best it's been in six years, according to the latest government data. The jobless rate is below 6 percent for the first time since 2008.
And in 2013, the United States became the world's top producer of oil and natural gas – surpassing Russia and Saudi Arabia.
This U.S. energy boom is creating many new jobs here in America, and it's a leading contributor to American workers' vaulting out of the unemployment line and into the middle class. Our leaders must continue to support domestic energy exploration, which is proving our nation's strongest job-growth engine.
According to the American Petroleum Institute, investments in updating U.S. energy infrastructure alone could generate an estimated $1.14 trillion in capital investments – creating both jobs and energy savings from now until 2025.
Posted April 6, 2015
MarketWatch: U.S. oil production is on track to reach an annual all-time high by September of this year, according to Rystad Energy.
If production does indeed top out, then supply levels may soon hit a peak as well. That, in turn, could lead to shrinking supplies.
The oil-and-gas consulting-services firm estimates an average 2015 output of 9.65 million barrels a day will be reached in five months — topping the previous peak annual reading of 9.64 million barrels a day in 1970.
Coincidentally, the nation’s crude inventories stand at a record 471.4 million barrels, based on data from U.S. Energy Information Administration, also going back to the 1970s.
Posted December 3, 2014
New Orleans Times-Picayune: After more than a decade of work and a $7.5 billion investment, Chevron has started oil and gas production at its Jack and St. Malo fields in the deepwater Gulf of Mexico. The fields are among the largest in the region, expected to produce more than 500 million barrels of oil equivalent over the next three decades.
The Jack and St. Malo fields, discovered in 2003 and 2004 respectively, are located 25 miles apart in the Walker Ridge region of the Gulf about 280 miles south of New Orleans.
Oil and gas from the fields will flow back to a single, floating production platform located between the two fields. The platform has the capacity to produce up to 170,000 barrels of oil and 42 million cubic feet of natural gas per day.
Posted February 24, 2012
Posted January 31, 2012
“…tonight, I’m directing my administration to open more than 75 percent of our potential offshore oil and gas resources.” - President Obama 2012 State of the Union
So, 75 percent – that must be good, right? Well, not exactly. Let’s take a look at what the Proposed Outer Continental Shelf Oil & Gas Leasing Program 2012-2017 actually provides:
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Jane Van Ryan
Posted January 3, 2011
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Jane Van Ryan
Posted November 16, 2010
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Jane Van Ryan
Posted September 15, 2010