Energy Tomorrow Blog
Posted November 5, 2014
As the political parties sort through the results of this week’s mid-term congressional elections, let’s hope neither misses the unmistakable, bipartisan support from the American people for the ongoing energy revolution in this country. In their votes and in data from new election-night public opinion polling, it’s clear Americans see energy policy as a uniting point that can help break Washington gridlock while continuing to revitalize the country’s economy.
These topics and more came up during a conference call API President and CEO Jack Gerard conducted with reporters in the election’s aftermath. According to Gerard, the overarching lesson from Tuesday’s vote: Energy wins. Gerard:
“We need elected leaders who understand what’s at stake and who are willing to set aside outdated assumptions and partisan talking points to work together on safe, responsible and fact-based energy policy. In that regard, we hope that President Obama will take this opportunity to work with the new Congress on smart energy policies that grow our nation’s still shaky economy, create well-paying jobs and maintain our nation’s global energy leadership.”
Posted November 4, 2014
Even before Americans went to the polls Tuesday, it’s clear American-made energy is this year’s winner. You could see it in pre-election public opinion surveying showing overwhelming support for increased production of domestic oil and natural gas as a job creator (90 percent), a national priority (87 percent) and as a boon to consumers (79 percent).
Regardless of who wins the most seats in Congress, the nation’s leaders should view policy choices with the knowledge that Americans strongly believe the ongoing U.S. energy revolution is a catalyst for individual prosperity, overall economic growth and national security. API President and CEO Jack Gerard, in a guest post for The Hill:
It may take weeks and a few run-off elections to determine control of Congress. But the American people have already given the House and Senate a clear mandate: create jobs, boost the economy and advance America’s energy security through commonsense energy policies.
Here’s how we know this is true: As you look across the expanse of America, represented in the different state contests for the U.S. Senate, there’s broad bipartisan support for U.S. energy.
Posted October 31, 2014
Fox News:Why is the White House Delaying the Keystone XL Decision?
Read more: http://bit.ly/1pbMGbR
Posted October 29, 2014
The Wall Street Journal: A planned Trans- Canada Corp. oil pipeline designed to ship crude from Western Canada to Eastern Canadian refineries could also be used to access the Gulf Coast, creating an end-run around U.S. permitting delays for the Keystone XL pipeline, according to the company’s chief executive.
TransCanada’s proposed 1.1 million-barrel-a-day Energy East pipeline has been positioned in Canada as a nation-building project to connect Alberta’s landlocked oil sands with refineries in Quebec and coastal New Brunswick. But Chief Executive Russ Girling said it would also open up a new route to ship heavy crude by tanker to refineries on the Gulf Coast without requiring U.S. approval, unlike the more direct Keystone XL route from Alberta to Texas.
“We can actually go all the way to the Gulf Coast without a presidential permit,” he said in an interview. “Once we’re on the water, we’ll show up just like any other crude oil in the world in the Houston ship channel.”
Posted October 24, 2014
Friends of U.S. Chamber of Commerce Blog: American free enterprise can achieve almost anything. But, only if we allow it to work properly (this requires a nimble regulatory environment and a streamlined permitting process). One stark example of this gone wrong is the increasingly evergreen example of the Keystone XL pipeline, a project that is projected to create 42,000 new jobs and generate 4 billion in economic activity. So far, we've waited 6 years for a response on the permit request.
Studies have been conducted. Talking heads and scientists have hashed out all the pros and cons. And despite broad affirmation and support, the American people are stuck waiting for Washington to act. Six years is a disgrace; bigger things can be done in far less time.
Posted October 21, 2014
Forbes (Robert Bradley Jr.): The environmentalist campaign to block the Keystone XL pipeline has run out of gas.
Canada’s largest energy firm, TransCanada, has announced plans to create an alternative to KXL that lies entirely within Canada’s borders – a pipeline that would transport crude from Alberta’s oil sands to our northern neighbor’s east coast.
Known as Energy East, the new project presents clear proof that, even without a U.S. pipeline, the Canadian oil sands will continue to be developed. By blocking KXL, the fourth and final leg of a 2,151-mile transnational project, green activists are simply denying Americans the project’s wide-ranging benefits. The U.S. State Department counts42,000 new jobs, plus the opening of a new way to get oil from Montana and North Dakota to Gulf Coast refineries.
If the Obama Administration doesn’t approve the 800,000 barrels/day, Alberta–U.S. Gulf Coast pipeline soon, an historic opportunity to improve the American economy and strengthen our country’s energy infrastructure will be squandered.
Posted October 8, 2014
New York Times: HOUSTON — The Singapore-flagged tanker BW Zambesi set sail with little fanfare from the port of Galveston, Tex., on July 30, loaded with crude oil destined for South Korea. But though it left inauspiciously, the ship’s launch was another critical turning point in what has been a half-decade of tectonic change for the American oil industry.
The 400,000 barrels the tanker carried represented the first unrestricted export of American oil to a country outside of North America in nearly four decades. The Obama administration insisted there was no change in energy trade policy, perhaps concerned about the reaction from environmentalists and liberal members of Congress with midterm elections coming. But many energy experts viewed the launch as the curtain raiser for the United States’ inevitable emergence as a major world oil exporter, an improbable return to a status that helped make the country a great power in the first half of the 20th century.
“The export shipment symbolizes a new era in U.S. energy and U.S. energy relations with the rest of the world,” said Daniel Yergin, the energy historian. “Economically, it means that money that was flowing out of the United States into sovereign wealth funds and treasuries around the world will now stay in the U.S. and be invested in the U.S., creating jobs. It doesn’t change everything, but it certainly provides a new dimension to U.S. influence in the world.”
Posted September 24, 2014
The Washington Post: The crude oil boom in the western United States has changed the way states do business. North Dakota is growing so rapidly that the legislature is considering returning to special session to make big investments in new infrastructure. Wyoming now receives more than half its tax dollars from oil and gas companies paying to extract fuel. And big parts of Colorado, California, Texas, Oklahoma and a handful of other states increasingly rely on the energy industry for jobs.
Domestic production peaked in 1986, at 283 million barrels per month, according to the Energy Information Administration. In September 2005, domestic production hit a nadir of just 126 million barrels a month. In the last decade, technological advances, including the increasing production from hydraulic fracturing, has reversed that 20-year decline in crude oil production.
Today, production is back up to 256 million barrels a month, according to the latest EIA figures.
Posted September 19, 2014
Posted September 16, 2014
This week the Keystone XL pipeline reaches a dubious anniversary – six years waiting for the Obama administration to approve a shovel-ready, privately financed infrastructure project that would create jobs while strengthening America’s energy, economic and national security.
It has been an unfortunate, unnecessary wait. Such projects historically are approved by Washington in one to two years. In the six years Keystone XL has been left on hold by this White House, 10,000 miles of oil and natural gas pipelines have been built in the United States.
While Keystone XL languishes, Canada – our neighbor, friend and largest supplier of imported oil – gets the cold shoulder from an administration that has dithered, delayed and dumbfounded its way into obstructing a vital piece of energy infrastructure – pleasing a small minority instead of advancing the national interest.