Energy Tomorrow Blog
Posted August 8, 2018
A couple of observations on China’s announcement late last week that it may impose a 25 percent tariff on U.S. shipments of liquefied natural gas (LNG) to that country – which would be in retaliation for announced U.S. tariffs on certain Chinese goods coming into this country.
First, China was the third-largest importer of U.S. LNG in 2017, accounting for nearly 15 percent of our LNG exports, according to the U.S. Energy Information Administration (EIA). As those numbers indicate, this exchange of tariffs could leave a mark as far as U.S. energy exports are concerned. ...
If U.S. energy exports are restricted – at the same time trade policies have been adopted that increase the cost of the steel our industry uses – there’s a risk of significantly affecting a sector that has been a driving force for economic growth. It’s a big price to pay.
Posted August 1, 2018
EPA’s latest air quality report shows the air Americans breathe is cleaner than it has been in more than four decades – with increased use of natural gas and cleaner motor fuels playing leading roles.
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 July 31, 2018
The U.S. natural gas and oil industry is committed to reducing emissions and addressing environmental challenges. Consider:
- Industry’s $108.2 billion in direct spending on greenhouse gas mitigating technologies from 2000-2016 was more than double the investments of each of the next two private industry sectors.
- Methane emissions from natural gas and petroleum systems are down 14 percent since 1990, even as natural gas output increased more than 50 percent over the same period.
- Thanks to increased use of domestic natural gas, the United States leads the world in cutting carbon dioxide, reducing levels to 25-year lows.
These efforts result from industry initiative, not government policy. Companies are demonstrating that meaningful solutions can be achieved through voluntary, collaborative efforts, and the U.S. is breathing easier as a result.
Posted July 26, 2018
Californians are facing blisteringly hot weather conditions this week as the result of a “heat dome” centered across much of the state. To make matters worse, many have found themselves without power just as the temperatures reach dangerous highs. Now California’s power grid operator says it can’t produce enough electricity to meet demand, risking rolling blackouts and jeopardizing residents – an outcome they were explicitly warned of months ago.
Posted July 23, 2018
Colorado’s natural gas and oil industry thrives by working collaboratively with stakeholders of various and, sometimes, differing interests. Development in the Centennial State is well-regulated and places great emphasis on the safety of our communities and the environment, and the industry has grown by leaps and bounds as a result. In fact, Colorado is now the fifth-largest natural gas producer and the seventh-largest oil producer in the United States. This growth has fundamentally reshaped Colorado’s economy for the better, which is why these collaborative conversations must continue to occur.
Posted July 19, 2018
As it turns out, you can put a dollar figure on the cost to prop up failing coal and nuclear plants, and that figure could reach $35 billion a year — cost that could largely impact American consumers and/or taxpayers, for no discernible improvement to the nation's electric grid.
The Trump administration has used grid reliability, “resilience” and, more recently, national security as reasons for the government to bail out coal and nuclear plants – claims we’ve rebutted. Now we can add ‘exorbitant potential cost to the American people’ to the list of reasons why propping up coal and nuclear is a bad idea.
Posted July 18, 2018
There’s talk about reducing greenhouse gas emissions – and then there’s taking steps to produce measurable results. The United States is in the second category, with the natural gas and oil industry playing the leading role.
Two charts from the American Enterprise Institute’s Mark J. Perry help illustrate: First, using data gleaned from BP’s Statistical Review of Global Energy, Perry shows that the U.S. led the world in reducing carbon dioxide emissions in 2017.
Posted July 10, 2018
Offshore energy development works for the states – all of them.
The U.S. Interior Department recently announced that $61.6 million in revenues from offshore oil and natural gas will be distributed to all 50 states, U.S. territories and the District of Columbia – via grants that support state conservation and outdoor recreation projects.Ponder that: You don’t have to be a coastal state; you don’t have to be a producing state. Under the Gulf of Mexico Energy Security Act (GOMESA), everyone benefits from offshore natural gas and oil revenues that are earmarked for Land and Water Conservation Fund (LWCF) grants.
Posted July 9, 2018