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Energy Tomorrow Blog

U.S. Energy Revolution Rolls On

oil and natural gas  lng exports  climate  us energy security 

Mark Green

Mark Green
Posted July 10, 2019

There’s much in the latest government report that signals U.S. global energy leadership is strengthening, mostly thanks to continued robust domestic production.

From record volumes of natural gas and oil to growing exports of liquefied natural gas (LNG), America’s opportunities to bring greater stability to energy markets, assist allies, lead the world in reducing greenhouse gas emissions and benefit consumers here at home have increased.

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Seventh Local Ban on Natural Gas and Oil Raises Uncertainty in Colorado

colorado  regulation  economic impacts  oil and natural gas development 

Mark Green

Mark Green
Posted May 30, 2019

A new Colorado law handing more control over natural gas and oil operations to municipalities, authority that used to reside with the state, risks another law – the law of unintended consequences – that could deal a serious blow to one of our country’s leading energy-producing states.

This week the city of Broomfield became the seventh Colorado community to impose a ban on new natural gas and oil development since introduction of Senate Bill 181, which became law last month. …

Before SB 181’s passage, industry warned the law could disrupt responsible natural gas and oil development by hatching a patchwork, unpredictable regulatory system across the state – with the unintended consequence of imperiling energy development and jobs and economic growth. Regulatory uncertainty can chill sizeable investments in new operations that often have significant lead times

Unfortunately, that uncertainty appears to be growing in Colorado – with national implications because the state ranks sixth in both natural gas and oil production.

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Revised Well Control Rule Critical to Meet Offshore Challenges

offshore drilling safety  oil and natural gas  regulation  technology 

Mark Green

Mark Green
Posted April 30, 2019

Soon the federal government is expected to release its updated offshore well control rule, one that improves on its 2016 predecessor by providing flexibility to meet specific challenges across a variety of offshore conditions while encouraging innovation and technologies that help improve safety.

We expect that opponents of natural gas and oil development anywhere to attack the updated rule when it’s released. Yet, fact and logic will weigh heavily against them.

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Targeting Energy Infrastructure Red Tape

infrastructure  pipelines  oil and natural gas  consumers  us energy security 

Mark Green

Mark Green
Posted April 11, 2019

Cutting bureaucratic red tape and making federal decisions on energy infrastructure more efficient and timely are important steps toward ensuring that Americans in all parts of the country may be connected to the benefits of the U.S. energy revolution.

That’s what we see in the president’s two new executive orders affecting energy infrastructure – greater efficiency and timeliness in federal reviews, without compromising thorough environmental scrutiny.

The United States leads the world in natural gas and oil production, yet not every American, not every manufacturer and not every region of the country is adequately connected to America’s energy abundance – and won’t be without new and/or expanded pipelines and other infrastructure to deliver energy to markets and consumers. 

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The Pro-Consumer U.S. Energy Revolution

consumers  energy costs  oil and natural gas production 

Mark Green

Mark Green
Posted April 9, 2019

America’s energy revolution is decidedly pro-consumer. Indeed, surging U.S. natural gas and oil production has significantly helped individual Americans and their families with their budgets, plan travel and more.

We’ll go mostly visual to absorb this – in a handful of charts from API’s Quarterly Industry Outlook, prepared by Chief Economist Dean Foreman. …

America’s natural gas and oil resurgence has played a major role in that when you think about the average family’s needs for driving, home heating and keeping the lights on (remembering that natural gas is the leading U.S. fuel for power generation). It follows, then, that families spending less on energy had more of their disposable income available for other needs.

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The Feat That is America's Energy Revolution

energy future  oil and natural gas  us energy security  technology  innovation 

Mark Green

Mark Green
Posted March 29, 2019

The U.S. energy revolution remains a feat to behold. Benefits to the economy, consumers and manufacturing and a boost to America’s stature in the world and our national security. API President and CEO Mike Sommers touched on a number of these points during a conversation at the National Review Institute’s 2019 Ideas Summit. …

Abundant natural gas and oil reserves, technology and innovation created this revolution and, with the right policies, the U.S. can sustain and grow its energy leadership. “For our future energy needs,” Sommers said, “that’s how we’re going to supply the world.”

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New Colorado Regulatory Push Could Again Imperil State Jobs, Economy

colorado  regulation  oil and natural gas  economic impacts 

Mark Green

Mark Green
Posted March 20, 2019

Though Colorado has set the gold standard for state regulation of natural gas and oil, some don’t think that’s enough.

Opponents of oil and natural gas are pushing state legislation to let local governments have regulatory authority over industry – “local control” – which in other states has been a way to curtail energy development. If enacted in a state that ranks top 10 in the country in natural gas and oil production, it could have big negative impacts for the state and nation.

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Industry's Focus on Cutting Methane Emissions

emission reductions  methane  oil and natural gas  epa  the-environmental-partnership 

Erik Milito

Erik Milito
Posted March 18, 2019

The oil and natural gas industry is laser-focused on reducing methane emissions from production for two very important reasons.

First, the risks of climate change are real, requiring real solutions. Our industry takes these risks seriously, and we are driving solutions – evident in our innovation and technical work and in our long working relationship with the EPA.

Second, our members are in the business of providing natural gas, of which methane is the chief component, for clean electricity generation, to heat Americans’ homes and to supply manufacturers and other businesses that have realized billions in cost savings as a result. There’s no question that industry is highly motivated to capture as much methane as possible for progress on climate goals and for its customers. The results speak for themselves.

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Energy, Women and the Opportunity to Lead

women in energy industry  oil and natural gas jobs 

Megan Barnett Bloomgren

Megan Bloomgren
Posted March 9, 2019

To mark International Women’s Day, we have a new video featuring leading women from the natural gas and oil industry, including Susan Dio, chairman and president of BP America; Gretchen Watkins, president and U.S. country chair for Shell; and Stacey Nachbaur, Hess senior operations manager for upstream assets. Of course, the things these women say about the natural gas and oil industry are true every day of the year.

Our industry is high tech and critically important to the economy and powering modern life. Natural gas and oil are center stage in most geopolitical discussions, and natural gas is leading the way in reducing greenhouse emissions.

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New Modeling Shows Impacts of Trade Policy Gone Awry

policy  trade  oil and natural gas 

Jessica  Lutz

Jessica Lutz
Posted February 20, 2019

Earlier this month we talked about the unforced error of the administration’s tariff and quota policies that hamstring the economy, detailing the findings of recent report from the nonpartisan Congressional Budget Office. Now, new modeling has reviewed those suspicions in the context of the energy trade, and the indications are clear: The escalating trade wars could significantly limit the U.S. energy revolution and the benefits to Americans that it would otherwise bring.

The recent report, part of BP’s annual “Outlook,” a macro-look at the global energy system over the next 30 years, models a number of different scenarios including one in which global trade disputes persist and worsen. The results of this “less globalization” scenario indicate that the continuation of these policies would slow global GDP growth by 6 percent and energy demand growth by 4 percent in 2040. To make matters worse, the effect could be intensified in countries and regions most exposed to foreign trade – like the U.S.

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