Energy Tomorrow Blog
Posted July 31, 2018
U.S. Energy Secretary Rick Perry makes a number of important points about domestic natural gas and oil production, hydraulic fracturing and U.S. energy exports in a piece for CNBC. These include: The United States is shedding dependence on imported energy; U.S. energy exports are helping friends and allies overseas; and natural gas is helping the U.S. lead in cutting greenhouse gas emissions.
Posted June 14, 2018
With Wall Street Journal headlines such as “Trans-Atlantic Oil-Price Spread Soars as Supply Glut Disappears,” it might be hard to remember that the United States’ domestic oil production stood at a record 10.5 million barrels per day (mb/d) in April, and the nation’s petroleum trade balance is in its best position in 50 years. This has reinforced U.S. energy security, lowered the trade deficit and boosted economic growth.
That said, given our country’s much improved energy outlook, some may question why we’re still importing crude oil and refined products. And, while we’re still importing oil, why do we export domestic crude – especially when prices have risen at the pump? Why don’t we just keep American oil at home? ...
Answers are found in an understanding of basic market realities.
Posted January 11, 2018
Posted April 24, 2017
The North American energy flows continue to grow and the U.S. is building even stronger energy ties with its closest neighbors – Canada and Mexico. This week, API met with the Canadian Association of Petroleum Producers (CAPP) and the Mexican Association of Hydrocarbon Companies (AMEXHI) to discuss priorities and policies that would foster this North American energy alliance.
Posted February 23, 2017
When the U.S. Senate returns to work, repealing the Bureau of Land Management’s “venting and flaring rule” should be a top priority. The redundant and technically flawed rule, which went into effect last month, could negatively impact production – some say it already has. The House has voted for repeal under the Congressional Review Act (CRA), and the Senate should follow the House’s lead.
Posted February 23, 2017
The recent push to shift responsibility for compliance with the Renewable Fuel Standard (RFS), from refiners and importers to independent blenders and retail gasoline stations, is a flawed approach that could impact consumers at the gasoline pump and does nothing to fix the larger set of problems that plague the RFS – problems Congress must address by repealing the program or significantly reforming it. API Downstream Group Director Frank Macchiarola discussed these issues during a conference call with reporters.
Posted January 19, 2017
Late this month or in early February, let’s hope Congress uses the Congressional Review Act to fast-track the repeal of a number of the Obama administration’s late regulatory thrusts that could needlessly hinder domestic energy development.
A top priority for CRA repeal should be the so-called venting and flaring rule developed by the Bureau of Land Management (BLM) that went into effect this week. BLM’s rule is technically flawed and redundant, and it could impede the technological innovations that have led to increased domestic use of cleaner-burning natural gas – the main reason U.S. energy-related carbon emissions have fallen to levels not seen since the early 1990s.
Posted August 8, 2016
These are the stakes: Whether Colorado and the nation will continue to safely develop natural resources for the good of all Americans, or whether development of oil and natural gas – which supply 67 percent of the energy we use today and which the U.S. Energy Information Administration projects will supply 68 percent of our energy in 2040 – will be thoughtlessly discarded, to the state’s and the country’s detriment.
Posted July 26, 2016
Let’s talk about choice – our energy choice, which is so relevant in this election year.
The great news is that America’s energy renaissance, which has made the U.S. the world’s leading producer of oil and natural gas, means we can discuss our country’s energy future from a position of abundance and strength – free of the partisanship that frames so many other issue conversations in Washington. The need for energy is bipartisan, and we should approach our energy choices in that spirit.
Posted July 18, 2016
Energy-wise, it’s a great time to be an American. Be it providence or plain good luck, the United States is energy rich – with the technologies, industry expertise and experience to responsibly develop the energy Americans need every day to lead modern lives. The U.S. energy revolution comes at an opportune moment in our country’s history. Consider just some of the products of this good energy fortune…