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Energy Tomorrow Blog

Offshore Energy Equals North Carolina Jobs

offshore access  north carolina  seismic  economic growth  oil and natural gas industry 

Mark Green

Mark Green
Posted May 5, 2014

The waters off states along the Mid-Atlantic coast may hold significant new reserves of oil and natural gas, which is why the federal government should allow safe seismic testing on the outer continental shelf (OCS) there. Determining the resource base would clear the way for leasing, exploration and development that would mean jobs, revenue for government and more energy for America.

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U.S. Oil and Natural Gas – Benefits Where You Live

economic growth  kentucky  access  income 

Mark Green

Mark Green
Posted April 14, 2014

Much is written about the macro-economic effects of public policy, including energy policy. America’s oil and natural gas industry supports 9.8 million jobs – 5.6 percent of total U.S. employment – and contributes $1.2 trillion to national GDP, according to a study by PwC. But what about the state impacts? Over the next couple of weeks we’ll push out a series of posts focusing on selected states to examine energy’s more localize economic effects, as well as other energy-related issues.

Let’s start with Kentucky, where energy means jobs.

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More Reasons to be Bullish on U.S. Energy

crude oil  energy information administration  oil and natural gas access  shale energy  fracking  hydraulic fracturing 

Mark Green

Mark Green
Posted April 11, 2014

Earlier this week the U.S. Energy Information Administration (EIA) blew back a lot of folks’ hair with the high oil-production scenario in its 2014 Annual Energy Outlook – projecting for the first time ever that the net import share of U.S. petroleum and other liquids could reach zero. By 2037. That’s amazing considering that less than a decade ago the import share was nearly 60 percent.

Next from EIA: New data on growing U.S. crude oil and lease condensate reserves – more evidence of the ongoing U.S. energy revolution.

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U.S. Energy Self-Sufficiency Comes Into View

energy outlook  access  domestic oil production  imports  energy information administration  fracking  technology 

Mark Green

Mark Green
Posted April 7, 2014

Take a good look at the chart below – brand-new from the U.S. Energy Information Administration (EIA). The green line disappearing into the horizontal axis between the years 2030 and 2040 is what U.S. energy self-sufficiency looks like.

This is a big, big deal – a goal of every U.S. president since Richard Nixon more than 40 years ago: the point where domestic production exceeds imports, which EIA never included in any of its projections. Until now.

Because of surging tight-oil production – oil from shale and other tight-rock formations, developed with advanced hydraulic fracturing and horizontal drilling – the agency is including in its 2014 Annual Energy Outlook a high-production scenario under which net imports would reach near-zero between 2030 and 2040.

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Imports Fall as America’s Energy Revolution Grows

oil and natural gas production  domestic production  access  economic growth 

Mark Green

Mark Green
Posted April 2, 2014

The U.S. Energy Information Administration (EIA) reports that total net U.S. energy imports declined last year to their lowest level in more than 20 years – reflecting two energy positives for America: growth in domestic oil and natural gas production and increased exports of finished petroleum products. EIA:

Total U.S. net imports of energy, measured in terms of energy content, declined in 2013 to their lowest level in more than two decades. Growth in the production of oil and natural gas displaced imports and supported increased petroleum product exports, driving most of the decline. A large drop in energy imports together with a smaller increase in energy exports led to a 19% decrease in net energy imports from 2012 to 2013.Total energy imports declined faster—down 9% from 2012 to 2013—than in the previous year, while export growth slowed. Crude oil production grew 15%, about the same pace as in 2012, which led imports of crude oil to decrease by 12%, accounting for much of the overall decline in imports.

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For a Stronger Economy and Job Growth, Choose Energy

job creation  economic growth  access  oil and gas industry 

Mark Green

Mark Green
Posted February 10, 2014

The top of Pew Research’s annual survey of the U.S. public’s top issues priorities looks a lot like last year’s – and the survey for 2012, and for 2011 and for 2010. This year, as in each of those previous years, Americans told Pew that strengthening the economy and improving the job situation should be the top priorities for President Obama and Congress. 

The specific percentages vary from year to year, but boosting the economy and creating more jobs are consistently at the forefront of most Americans’ thinking. Unfortunately, the January  jobs report from the U.S. Bureau of Labor Statistics indicates continuing difficulty on both fronts. Although the economy added 113,000 jobs in January, the figure was short of the 180,000 or so jobs expected by analysts surveyed by Bloomberg.

Yet, while total U.S. non-farm employment rose just 0.1 percent from December 2013 to January 2014 and has grown 1.7 percent from January 2013 to January 2014, the jobs picture for oil and natural gas extraction is something different – and better. Sector employment rose 0.9 percent to 206,000 jobs last month over December 2013 and has increased 6.6 percent (12,800 jobs) since January 2013.

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Americans: Yes to 'All of the Above,' Oil and Natural Gas

oil and natural gas development  access  job creation  hydraulic fracturing  shale benefits  keystone xl pipeline 

Mark Green

Mark Green
Posted January 30, 2014

President Obama, during his State of the Union address to Congress this week:

“… one of the biggest factors in bringing more jobs back is our commitment to American energy. The ‘all the above’ energy strategy I announced a few years ago is working … “

Yes, “all of the above” is working. It refers to embracing all energy sources – oil, natural gas, coal, nuclear, wind, solar, hydro, renewables and others. That the approach is working is seen in the United States’ increasing energy self-sufficiency. And America is more energy self-sufficient because we’re less reliant on others – chiefly thanks to surging domestic oil and natural gas production.

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An Energy, Jobs, Security and Growth Agenda

energy development  keystone xl pipeline  jobs creation  economic growth  access  fracking  energy exports  renewable fuel standard 

Mark Green

Mark Green
Posted January 27, 2014

Indications are that President Obama’s State of the Union message tomorrow night will key in on making 2014 a “year of action” to create jobs and grow the economy, which he addressed earlier this month in one of his weekly radio addresses:

 “… we’ve got to keep our economy growing, and make sure more Americans have the opportunity to share in that growth.  We’ve got to keep creating jobs that offer new opportunity, and make sure those jobs offer the wages and benefits that let you rebuild some security. … This will be a year of action.  I’ll keep doing everything I can to create new jobs and new opportunities for American families – with Congress, on my own, and with everyone willing to play their part.”

America’s oil and natural industry is ready to play a part in an action agenda that helps advance a number of the president’s goals, including job creation, economic growth, income inequality, environmental protection and energy security.


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Choose Energy Interview: Our Energy 'Crossroads'

access  energy policy  oil and natural gas development 

Mark Green

Mark Green
Posted January 21, 2014

In the interview clip below, Paula Jackson of the American Association of Blacks in Energy talks about the importance of the United States making the right choices on energy policy.

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Understanding the Benefits of Trade

trade  exports  crude oil demand  lng exports  access  job creation 

Mark Green

Mark Green
Posted December 26, 2013

Though there are compelling, Economics 101-type reasons the U.S. should lift its dated ban on crude oil exports and help clear the way for the export of U.S. liquefied natural gas (LNG), opponents of both continue to misunderstand the way global energy markets work – as well as the significant benefits accruing to the United States from free trade.

You’ve probably heard the rhetoric: Keep American oil and natural gas locked up here at home for U.S. consumers.

This misses the essential fact that crude oil is traded (and priced) globally, and that limiting LNG exports will only limit U.S. participation in an important, developing market – while effectively denying our country the infusion of overseas wealth in exchange for valuable American commodities.

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