Energy Tomorrow Blog
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 May 1, 2019
With summer driving season almost here, nationwide average gasoline prices were $2.88 per gallon as of April 30, according to the American Automobile Association, identical to what they were one year ago when adjusted for price inflation. This good news for consumers is due, at least in part, to record-breaking domestic oil production, which has put downward pressure on global prices for crude oil, the main factor in determining prices as the fuel pump.
While the current price may be the same when you pull up to pump, some notable things have changed behind the scenes.
Posted April 30, 2019
Soon the federal government is expected to release its updated offshore well control rule, one that improves on its 2016 predecessor by providing flexibility to meet specific challenges across a variety of offshore conditions while encouraging innovation and technologies that help improve safety.
We expect that opponents of natural gas and oil development anywhere to attack the updated rule when it’s released. Yet, fact and logic will weigh heavily against them.
Posted April 29, 2019
The administration is right: Robust U.S. supplies of natural gas and oil offer great economic opportunity for this nation – requiring robust infrastructure to deliver energy to Americans in all parts of the country. …
It’s very important for Americans to understand that more efficient federal and state permitting for infrastructure projects includes continued regulatory oversight and thorough environmental review by government agencies. Cutting “red tape” will help solve the problem of “energy disparity” in America by providing energy to currently under-served regions, without compromising environmental protection or public safety.
Updating the federal review and permitting process is critical for safe and responsible pipeline construction and operation.
Posted April 26, 2019
Over the past few weeks, we’ve published a series of posts on the United States’ emergence as a major global natural gas exporter, including discussion of the benefits both at home and abroad (see here and here).
In this post, we’ll look at how the business of liquefied natural gas (LNG) is changing in exciting ways—ways that give customers around the world unprecedented flexibility and access to clean and reliable natural gas.
We’ll see that while some of these trends have been in motion for years, it’s been the introduction of U.S. LNG into the market that has really accelerated this shift. With multiple project developers pursuing a wide range of structures and technologies, it’s clear that the U.S. is once again at the forefront of innovation in this critical part of the world’s energy sector.
Posted April 25, 2019
To be clear, the oil and natural gas industry is not opposed to ethanol. We are opposed to incentivizing the use of E15 through extending the waiver as the majority of vehicles and refueling infrastructure are not designed for it. By pursuing this policy and pushing more E15 into the market, the EPA is putting consumers’ vehicles at risk for undue damage, potentially forcing them to pay for expensive car repair bills. In addition to being bad for consumers, this proposal goes beyond EPA’s statutory authority. This proposal conflicts with the clear language of the Clean Air Act. Furthermore it is inconsistent with nearly three decades of EPA statutory interpretation of its authority as well as congressional intent. If this rule is finalized, API will challenge this rule in court.
Posted April 22, 2019
Earth Day 2019 finds the United States much better off environmentally than it was nearly 50 years ago, when the first Earth Day was marked in 1970. Much of the credit for that belongs to the nation’s energy sector where, thanks to the U.S. natural gas and oil revolution, Americans can talk about sustainable energy, economic growth and environmental/climate progress – all in the same breath of markedly cleaner air. …
Most importantly, on Earth Day 2019 we see multiple benefits of a modern energy mix, anchored by abundant natural gas and oil, which is at the heart of growth and simultaneous progress on important environmental and climate fronts. The modern U.S. natural gas and oil industry is leading in driving this progress.
Posted April 19, 2019
New polling from the U.S. Chamber of Commerce finds that 79 percent of voters agree that the best way to address climate change is through investments in innovation and technology:.
U.S. success in reducing greenhouse gas emissions shows they’re right.
Thanks to technological breakthroughs, America leads the world not only in production of natural gas and oil but in reduction of greenhouse gas emissions. And no other country comes close. Greater use of clean natural gas has driven U.S. carbon emissions to their lowest levels in a generation.
Posted April 18, 2019
Although we often say energy and economic growth go hand-in-hand, it’s refreshing to highlight tangible examples. API’s new economic indicator, which was first released December 2018, is one to watch.
For the past four months, API’s Distillate Economic Indicator (DEI) has correctly anticipated changes in total U.S. industrial production, which is important to the U.S. economy and ultimately things like jobs, interest rates and the exchange value of the U.S. dollar.
Posted April 17, 2019
With the Trump administration nearing release of a new five-year offshore leasing plan for oil and natural gas, offshore energy has never been safer or stronger – thanks to initiatives and technologies designed to enhance worker safety and protect the environment. (See this post dispelling offshore energy myths.) Below, 10 important developments that have strengthened the vitally important work of harnessing America’s offshore energy.
1. Center for Offshore Safety
The Center for Offshore Safety (COS) is an industry-led initiative to promote continuous safety improvement for offshore drilling, completions and operations through effective leadership, communication, teamwork, disciplined management systems and independent third-party auditing and certification.