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Energy Tomorrow Blog

January MSR: Oil Scores Perfect ‘10.2’

oil and natural gas production  refining and distribution  economic impacts 

Dean Foreman

Dean Foreman
Posted February 16, 2018

U.S. crude oil production scored a perfect “10” in January – make that 10.2, to be precise, as in 10.2 million barrels per day (mbd). That record production, combined with a new high for refinery throughput and 6.3 mbd of crude oil and refined product exports, narrowed the price difference between U.S. and international crude prices last month and underscored the global impact of U.S. energy. All of this data and more may be found in API’s Monthly Statistical Report for January

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Energy and Communities: Highlighting Industry Core Values and Community Engagement

api standards program  carbon emissions  Economy  energy development  Environment and Safety  Industry  Jobs and Economy  Pipeline  Refining 

Kate Wallace

Kate Wallace
Posted June 1, 2017

Today, API releases a new report that highlights the tangible ways our industry protects the safety and environment – as it also helps local communities. It’s an important document, reflecting the premium placed on responsible energy development by natural gas and oil companies. From the report:

The safety, health and protection of people, the environment and communities are the top priorities for the natural gas and oil industry. Today, natural gas and oil not only power our lives, but are the building blocks for so many of the products that make modern life possible. But this energy and the amazing things derived from it – everything from clothing and cosmetics to state-of-the-art health care devices and medicines – aren’t possible unless responsible development is the centerpiece of everything the industry does.

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Refined Products Exports Bolster U.S. Trading Posture

exports  crude oil exports  lng exports  chevron  refining distribution 

Mark Green

Mark Green
Posted March 10, 2017

We’ve talked quite a bit about the way America’s energy renaissance is benefiting consumers, supporting the economy, strengthening our security, reducing U.S. energy-related carbon emissions to 25-year lows and bringing overseas wealth into this country through the export of crude oil and natural gas.

There’s even more: U.S. exports of refined petroleum products are soaring. Here’s a chart developed from U.S. Energy Information Administration (EIA) data, showing that exports of refined products have more than doubled in the past decade to about 3 million barrels per day…

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Video: Advanced Technology Drives U.S. Refining

refineries  refining capacity  refining crude oil  fuels  american energy 

Mark Green

Mark Green
Posted January 31, 2017

One of the most technologically advanced industries in the world, the U.S. refining sector is the essential link between America’s crude oil wealth and the fuels and countless consumer products we depend on every day.

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U.S. Refining – Leading the World

refinieries  refining crude oil  fuels  american energy 

Mark Green

Mark Green
Posted January 24, 2017

Amid the volume of good news emanating from America’s energy renaissancelower consumer costs, economic growth, increased energy security, environmental progress and more – let’s also recognize that these benefits wouldn’t be realized without the key contributions of the U.S. refining sector.

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Emerging Industry Leaders Talk Opportunity, Making a Difference

analysis  oil and natural gas industry  oil and natural gas companies  baker hughes  halliburton  marathon refining  bp  chevron  exxonmobil 

Mark Green

Mark Green
Posted April 24, 2015

To identify members of API’s second Emerging Leaders Program as “millennials” would really be oversimplifying things. Sure, they generally fit that age demographic, but they’re not being defined by such a generalized label. Rather, they’re defining themselves in the professional world – which surely is a reason their companies nominated them to participate in a program that focuses on future industry leadership, which included joining API at IHS Energy’s annual CERAWeek conference in Houston.  

This year’s program centered on how modern politics impacts the oil and natural gas industry. Specifically, the curriculum examined the growing importance of public policy, advocacy and mobilization within daily industry operations and underscored the importance of political participation.

Still, much of the context for these discussions involves the career expectations and experiences of the emerging leader cohort – which in some ways reflect the aspirational trends of the larger generational grouping. Just don’t pigeon-hole them as “millennials.”

During our conversation at CERAWeek there was agreement that the oil and natural gas industry fits with younger career people (whatever you call them) who are adaptable, appropriately ambitious and invested in the notion of making a difference.

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America’s Economy is Riding an Energy Wave

american energy  Economy  Energy Security  jobs  fracking  refining capacity 

Mary Leshper

Mary Schaper
Posted July 14, 2014

CNBC: The United States is swimming in oil and gas. But processing the new-found bounty is posing a challenge to U.S. refiners, which can't come to grips with the abundance in domestic supply.

A production renaissance has catapulted the United States into the upper strata of global energy producers. Yet with fewer than 150 refineries, the U.S. has a surprisingly limited capacity to process the bounty.

"Some refineries are better suited for light sweet crude," while others—primarily on the Gulf Coast—are better optimized for the heavier, international variety of oil, said Bob Greco, director of upstream operations for the American Petroleum Institute.

The huge increase in shale production in places like North Dakota is helping to revitalize East Coast refineries, Greco said in an interview.

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Proposed Tier 3 Rule: Unnecessary, Unjustified

Refining  epa regulation  fuels 

Mark Green

Mark Green
Posted October 11, 2013

EPA’s proposal to require additional reduction of sulfur levels in gasoline could mean $10 billion in capital costs for U.S. refiners and annual compliance costs of $2.4 billion, according to a Baker & O’Brien study – potentially resulting in an increase of between 6 cents and 9 cents per gallon in the cost of making gasoline. Going from sulfur levels of 30 parts per million (ppm) to 10 ppm – after Tier II reduced content from 300 ppm to 30 ppm – would produce negligible improvements in air quality, according to an ENVIRON study.

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Cheers and Jeers - Reality and the EPA

Refining  regulation  epa  renewable fuel standard  ethanol 

Mark Green

Mark Green
Posted August 7, 2013

Now for a change of pace: Kudos to EPA for deciding to give the oil and natural gas industry more time to install emissions controls on storage tanks.

Phasing in the deadline for controls on volatile organic compounds emitted by storage tanks – through April 2015 instead of the original deadline about two months from now – is encouraging because it recognizes industry’s willingness to make its operations cleaner under realistic and fair regulation, while also suggesting the agency can be responsive to industry’s reasonable points of view (more below).

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Hearing the Facts on E15

Refining  blend wall  ethanol  renewable fuel standard 

Mark Green

Mark Green
Posted July 24, 2013

AAA President and CEO Robert L. Darbelnet, at this week’s House hearing on the Renewable Fuel Standard (RFS) and its mandates for ever-increasing use of ethanol in America’s fuel supply:

“Ethanol blended fuels have the potential to provide drivers with a welcome choice at the pump, which supports American jobs, promotes American energy independence and can save Americans money. In order to realize these benefits, it is imperative that increased ethanol blends — or any new fuels — are only brought to market when consumers have been clearly informed and protected. The introduction of E15 gasoline to consumers has failed to meet this obligation.”

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