Energy Tomorrow Blog
Posted September 2, 2020
While the U.S. Army Corps of Engineers completes a new environmental report on the Dakota Access pipeline (DAPL) in North Dakota, there’s new research showing that shuttering the pipeline would cut oil production from the prolific Bakken shale region, kill thousands of jobs and cost state and local governments millions in tax revenues generated by energy production.
The environmental effects of Dakota Access’ crossing under Lake Oahe are being studied anew after the corps was ordered to do so by a federal court. The review is expected to take 13 months. Although legal challenges surrounding DAPL are pending, an appeals court overturned the lower court’s order to halt operations and empty the pipeline while the environmental review is ongoing.
While we all wait for the review, an ICF analysis commissioned by API shows what halting Dakota Access operations would mean to production and economies.
Posted July 22, 2020
With the U.S. House scheduled to vote on legislation that would create permanent, dedicated funding for the Land and Water Conservation Fund (LWCF), amazing photos from parks and recreation areas around the U.S. make the case for supporting the country’s most important federal conservation initiative. The beautiful images show just a small fraction of the preservation, history and other outdoor opportunities across the U.S. that benefit from LWCF.
Since 1965 the fund has supplied billions of dollars for parks, conservation and recreation across all 50 states. Virtually all of that money was supplied by safe, responsible offshore oil and natural gas development. As we noted last month, when the legislation was moving through the U.S. Senate, the Wilderness Society says LWCF has been “America’s most important conservation funding tool for nearly 50 years.”
Posted June 11, 2020
Practical, safe, and responsible offshore energy development doesn’t just create jobs and power our lives – it also funds America’s largest federal conservation program. For decades, the natural gas and oil industry has directly contributed to outdoor recreation and environmental conservation, thanks to a long-standing law that would be strengthened by legislation that is up for a vote in the U.S. Senate.
Senators will soon vote on S. 3422, the Great American Outdoors Act, a bipartisan bill that would codify a permanent funding stream for the Land and Water Conservation Fund (LWCF) and address a considerable maintenance and construction backlog on public lands.
Posted June 2, 2020
Whenever someone talks about banning offshore oil and natural gas development, as some in Congress have proposed, they miss the fact that offshore oil and gas pays for the country’s most important conservation program, the Land and Water Conservation Fund (LWCF).
Everyone who cares about coastal restoration, wetlands protection, park upkeep, building hiking paths and other recreational areas should be aware that since 1965 the LWCF has supplied billions of dollars for conservation and environmental projects across the 50 states, from Grand Canyon National Park to the Cape Hatteras National Seashore – almost entirely funded by safe and responsible offshore oil and natural gas development.
The Wilderness Society puts it this way: “The Land and Water Conservation Fund (LWCF) has been America’s most important conservation funding tool for nearly 50 years.”
Posted January 29, 2020
The U.S. shale revolution keeps rolling, and with it strong support for state and public priorities. Texas and New Mexico each achieved record highs for industry contributions to statewide revenues and royalties, according to new reports from the Texas Oil and Gas Association (TXOGA) and the New Mexico Oil and Gas Association (NMOGA).
In 2019, America’s natural gas and oil industry posted a record-setting year in terms of production and exports. And last fiscal year, energy operators paid billions of dollars in state and local taxes that fund education, infrastructure and healthcare facilities for residents across the southwestern U.S.
Posted November 7, 2019
Safe and responsible energy development drives economic growth and environmental progress, and by expanding exploration on federal lands and along the Outer Continental Shelf, the U.S. stands to generate billions of dollars in funding for infrastructure, education and conservation.
Posted October 28, 2019
America’s natural gas and oil industry continues to work for Americans – with revenues from production on federal and Native American-owned lands and offshore areas driving $11.69 billion in federal disbursements back to the states, counties, tribes and reclamation and conservation programs. That’s $2.76 billion more than the previous fiscal year and nearly double the disbursements in FY2016, the Interior Department said.
Recipients included: $2.44 billion to states and counties, $1.76 billion to the reclamation fund, $1.14 billion to Native American tribes and individual mineral owners, $1 billion to the Land and Water Conservation Fund and $4.9 billion to the U.S. treasury.
Posted October 16, 2019
Hydraulic fracturing – the technological breakthrough that launched the U.S. energy revolution – has taken a beating during the Democratic presidential derby.
The Washington Post ran a graphic recently, showing that the entire field would ban fracking altogether or restrict it in some capacity. Here’s the portion of the graphic showing the candidates who would ban fracking completely. The group includes some top-tier candidates, U.S. Sens. Elizabeth Warren, Bernie Sanders and Kamala Harris. Sen. Warren tweeted last month that she would ban fracking everywhere, while Sen. Sanders told the Post that safe fracking is a “pure fiction.”
Not fiction are the negative impacts throughout our society that could result from banning hydraulic fracturing: millions of job losses, trillions lost to the economy, significant increases in household spending on energy.
Posted May 2, 2019
Offshore energy development has delivered yet another economic and conservation boost to states – this time to the tune of $215 million.
The U.S. Department of the Interior disbursed the funds last week to the four Gulf natural gas and oil producing states – Alabama, Louisiana, Mississippi and Texas, and their coastal political subdivisions – for use toward coastal conservation and hurricane protection projects. And the best part? Not a single dollar came from taxpayers.
Posted November 19, 2018
As we wait for the Trump administration to unveil the next federal offshore leasing program, which will guide offshore natural gas and oil development the next five years, new studies affirm what we’ve been saying about the economic boost outer continental shelf (OCS) leasing could give to coastal states – in the form of cumulative tax revenues over a 20-year forecast period. …
Individually, each state is looking the potential for big numbers and big benefits across the entire state. They follow studies earlier this year finding that through offshore leasing these states together could see billions in projected industry spending and the creation of hundreds of thousands of jobs.