Energy Tomorrow Blog
Posted October 23, 2018
Two stat lines capture the essence of modern natural gas and oil development:
First, the United States produced a record 11 million barrels of oil per day (mbd) in September, 2.2 mbd more than September 2017, according to API’s latest Monthly Statistical Report (MSR). It’s a remarkable output number, given where domestic production was less than two decades ago.
Second point: Just as remarkable is the fact the United States’ world leadership in natural gas and oil production is accompanied by world leadership in cutting greenhouse gas emissions.
Posted April 24, 2018
It’s a myth in Washington that when regulating energy, more is better. Sometimes, it’s just more, as in more burdensome – potentially hindering safe and responsible energy development that strengthens our country’s security and boosts its economy. Two facts: Natural gas and oil are well regulated, and our industry supports smart, effective regulation.
Posted April 21, 2017
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 July 12, 2016
The sound approach to energy regulation in the U.S. – one that provides appropriate oversight to oil and natural gas development without unnecessarily impeding progress – continues to be a major theme at the U.S. Energy Information Administration’s (EIA) annual conference in Washington.
Tesoro President and CEO Gregory J. Goff raised the point with his Day 1 keynote speech, calling for transparency, fairness and accountability in federal regulation:
“Consumers, companies and the economy all benefit when government policies are well-reasoned and balanced. America is blessed with an abundance of affordable, reliable energy. It must not be squandered. Allowing the forces of the free market to operate will continue to benefit society. Government should be a facilitating partner in this positive economic force, not a roadblock to it.”
Posted June 9, 2016
Competitive forces and industry innovation continue to drive technological advances and produce clean-burning natural gas, which has led to reducing carbon emissions from power generation to their lowest level in more than 20 years, making it clear that environmental progress and energy production are not mutually exclusive.
Posted April 1, 2016
April 1 marks the beginning of national Safe Digging Month and the annual campaign reminding U.S. homeowners and professionals with digging projects to make the free 811 call to help avoid damaging underground utilities, including power and natural gas lines.
It’s critically important. According to the Common Ground Alliance (CGA), the United States has more than 20 million miles of underground utilities which, if accidentally damaged by digging, can have significant negative outcomes – virtually all of them avoidable if an 811 call is made before the digging begins.
Posted December 29, 2015
2015 ends on a high note for U.S. energy policy as Congress voted to repeal the obsolete, ‘70s-era ban on crude exports. Dozens of studies agree that lifting the restrictions will put downward pressure on gas prices, reduce the trade deficit, and provide a boost to economic growth and U.S. energy production.
Throughout the year, our status as the world’s leading producer of oil and natural gas continued to provide savings to American families and businesses while significantly enhancing our energy security. A review of the year’s energy developments shows how the American energy renaissance is paying off for consumers while also demonstrating that policymakers have some work to do in 2016.
Posted September 3, 2015
As we can see with New York, the energy impacts of the states individually combine to form energy's national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.
Posted August 27, 2015
Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Georgia. We started the series with Virginia on June 29 and began this week with a review of Kentucky, Tennessee and Utah. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.
As we can see with Georgia, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.