Energy Tomorrow Blog
Posted March 20, 2017
There’s great opportunity to responsibly develop Alaska’s great oil and natural gas resources. This should be guided by a forward-thinking regulatory framework that prioritizes regularly scheduled lease sales as necessary to enhance U.S. energy security and maintain America’s position as a global energy superpower.
Posted March 6, 2017
While a number of policies and actions would support America’s recent energy progress, none is more important than opening new access to oil and natural gas reserves in federally controlled areas, offshore and onshore – the latter where production has declined in recent years.
Posted June 22, 2016
It’s clear in a new Harris Poll on energy issues that Americans recognize the revolutionary opportunity that’s being afforded the United States by increased domestic energy production – consumer benefits, economic growth and increased security.
The poll’s registered voters see a new U.S. energy narrative, one of abundance that’s making America more self-reliant and stronger. Even more, those surveyed appreciate the fact that American-made energy is a path to future prosperity, and they want policies that help ensure that path is taken.
Posted February 4, 2016
With the president scheduled to put forward his last budget next week, here’s a short list of principles that should guide energy policy – because all will help sustain and grow the ongoing U.S. energy revolution. They include: reliance on industry innovation that has been the driving force behind America’s energy renaissance – innovation that launched the surge in shale energy production, prompting increased natural gas use and resulting in lower carbon emissions; embracing the successful, free-market approach to energy and economic growth while lowering emissions by basing decisions on sound science; and allowing more opportunities for energy exploration and development.
Erik Milito, API’s director of upstream and industry operations, talked about the policy pathway to energy growth and American prosperity during a conference call with reporters.
Posted June 25, 2015
The U.S. Interior Department is out with its Economic Report for Fiscal Year 2014 – which doesn’t sound like it would be a whole lot of fun reading. But the report actually contains some pretty important bits of information.
For example, you get a clear sense that Interior Department activities support jobs and economic growth, which are good things. Interior Secretary Sally Jewell called her department a “powerful economic engine.” More Jewell:
“Our parks and public lands support outdoor recreation, promote renewable energy and allow us to harness other domestic energy resources, create jobs and promote economic development in communities across all 50 states.”
It’s the “other domestic energy resources” that caught our eye.
Posted April 6, 2015
Statistics in the U.S. Energy Information Administration’s Monthly Energy Review for March show U.S. domestic energy production meeting about 89 percent of the country’s total energy demand. That’s up from 84 percent in 2013 and 2012 and reflects a key result of the domestic energy revolution: growing U.S. self-sufficiency.
EIA data shows U.S. energy production as a percentage of total demand. Total energy production (fossil fuels, nuclear electric power and renewables – again, as a percentage of total U.S. energy demand -- was about 69 percent in 2005, and it grew to about 89 percent last year. The share of fossil fuels (oil, natural gas and coal) accounted for approximately 55 percent in 2005, growing to about 70 percent last year.
Posted March 20, 2015
Some important context to the new federal hydraulic fracturing rule announced by the Bureau of Land Management (BLM) is found in looking at the recent trend in federal onshore energy development.
It’s not an inspiring picture. Since BLM deals with onshore energy, let’s look at oil and natural gas output together, measured in barrels of oil equivalent (boe). Federal onshore production has declined from 1.8 million boe in fiscal year 2009 to 1.6 million boe in FY2014, a decline of 11.3 percent, according to federal data.
Breaking out the natural gas production figures, the decline is more dramatic. Onshore production of natural gas in federal areas fell from 8.7 billion cubic feet per day (Bcf/d) in FY2009 to 6.8 Bcf/d in FY2014, a drop of21.6 percent.
The reason is federal policy. Whether you’re talking about access to reserves or permitting red tape, the bottom-line result is declining production.
Posted February 2, 2015
Taking a look at the president’s new budget request for the Interior Department, we see the administration asking for $13.2 billion, an increase of nearly $1 billion over the enacted funding level for the current fiscal year.
Now take a look at data from Interior’s Office of Natural Resource Revenue, which tabulates federal revenues from energy developed in federal areas onshore and offshore.
It’s a lot of information, but check the bottom line: For fiscal year 2013, revenues from oil and natural gas developed in federal areas totaled about $12.9 billion. For FY2014 the total was about $11.7 billion. Federal revenues from oil and natural gas development in FY2014 were about $1.2 billion less than in FY2013.
Interestingly, the amount of lost revenue is just about equal to Interior’s requested budget increase for FY2016. In other words, Interior lost $1.2 billion in revenue from 2013 to 2014 and basically is looking to taxpayers to fill in the gap in the next budget.
Posted December 4, 2014
One key to sustaining and growing the ongoing U.S. energy revolution is to increase access to America’s oil and natural gas reserves – specifically, gaining more access to reserves under federal control, onshore and offshore.
And a revolution is what we’re seeing. According to the U.S. Energy Information Administration (EIA), domestic crude output topped 9 million barrels per day for the fourth week in a row, a production level not seen since the mid-1980s.
As great as that news is, it could be better because America’s energy production growth – generating new jobs, growing the economy and increasing our energy security – is occurring on state and private lands. More access to reserves in federal areas would help expand the revolution, generating even more benefits.
Posted September 11, 2014
Interesting energy discussion this week from New Orleans at a town hall event hosted by The Atlantic – where the focus was on infrastructure, jobs and economic growth, and the need for sensible, bipartisan energy policymaking.
There was no better place for such a conversation and certainly no better time – with our ongoing domestic energy revolution lifting the United States to global energy superpower status: No. 1 in natural gas production and expected to be No. 1 in oil production next year. This development is helping drive the economy forward, creating jobs, opportunity and greater U.S. energy security. Indeed, energy’s national economic impact is seen in a new survey of the 30,000 businesses, in every state and the District of Columbia, that support domestic energy development.