Skip to main content

Energy Tomorrow Blog

Sustaining America’s Energy Renaissance with Good Policies

american energy  Economy  jobs  fracking  keystone xl pipeline  gas prices 

Mary Leshper

Mary Schaper
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.

More »

Keystone XL, American Energy and the Right Energy Policies

Energy Security  Energy 101  jobs  american energy  keystone xl pipeline  oil sands  Economy  fracking 

Mary Leshper

Mary Schaper
Posted September 19, 2014

An unhappy birthday: Six years ago the Keystone XL pipeline application was first submitted. Now, after six years and five State Department reviews concluding that Keystone XL is in the national interest, Americans continue to wait for the jobs, revenue and security this project would provide. Meanwhile, since the application was filed in 2008, more than 10,000 miles of oil and natural gas pipeline have been built in the U.S – all while the Obama administration continues to delay a Keystone XL decision. And America loses.

More »

Keystone XL, Politics and Six Years of ‘Squandered Opportunity’

keystone xl pipeline  economic growth  oil sands  canada 

Mark Green

Mark Green
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.

More »

America’s Energy Revolution Rolls On

oil and natural gas development  fracking  hydraulic fracturing  shale energy  keystone xl pipeline  energy exports 

Mary Leshper

Mary Schaper
Posted September 15, 2014

(Wall Street Journal): Skeptics of the U.S. energy boom say it can't last much longer because it requires drilling an ever-increasing number of wells.

But the boom already has lasted longer than anyone would have imagined just a decade ago and has more room to run. That's because oil and natural-gas wells have become more productive—an unrecognized but potent trend that should keep the fuels flowing.

More »

Infrastructure Output and Expanding Opportunity

Economy  jobs  american energy  fracking  keystone xl pipeline  pipelines 

Mary Leshper

Mary Schaper
Posted September 3, 2014

Pittsburgh Post-Gazette: Two major pipeline projects are in the works to ship natural gas from the Marcellus and Utica shales to the southeastern U.S., a region with a growing appetite for natural gas.

Downtown-based EQT Corp. said Tuesday it is moving forward with its partner NextEra Energy, a Florida electric utility, to form a joint venture dubbed Mountain Valley Pipeline LLC. The partnership plans to build a 330-mile pipeline that would provide at least 2 billion cubic feet per day (Bcf/​d) of transmission capacity to the mid-Atlantic and South Atlantic regions. The project, which is now seeking firm commitments for capacity from shippers during an open season, was first announced in June, and has already gotten commitments for 1.5 Bcf/​d, EQT said.

Meanwhile, a partnership of four energy companies — Dominion, Duke Energy, Piedmont Natural Gas and AGL Resources — also announced Tuesday a roughly $5 billion pipeline project to take about 1.5 Bcf/​d to North Carolina and Virginia. The Atlantic Coast Pipeline would span 550 miles from Harrison County, W.Va., through Virginia and then south to North Carolina.

More »

American Oil and Natural Gas: Crushing it

american energy  Economy  jobs  pennsylvania  exports  gulf leases  gulf  refinery  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted August 21, 2014

Wall Street Journal: U.S. economic growth accelerated in the second half of 2013 before unexpectedly contracting early this year. But growth late last year was uneven across the nation, with some energy-rich states leading the pack while economies slowed in New England and on the Plains.

 

That’s according to new data released Wednesday by the Commerce Department. The agency already reported gross domestic product for the nation on a quarterly basis and at the state level annuallyNow, it has offered a quarterly breakdown for state-level GDP data through the end of 2013. The data are volatile from quarter to quarter, but allow a finer understanding of the ups and downs in regional economies.

More »

For Jobs, Energy Security, the Economy - More North American Energy

Energy Security  jobs  Economy  keystone xl pipeline  oil sands  fracking  north dakota 

Mary Leshper

Mary Schaper
Posted August 15, 2014

Forbes: The U.S. arm of the Stockholm Environment Institute (SEI) has been making news this week with a ‘new’ report claiming the Obama Administration drastically underestimated carbon emissions of the proposed Keystone XL pipeline.  The report seeks to make the case as to why the final portion of the Keystone pipeline system should not be built.

As tantalizing as the report sounds, supporters of the pipeline have been quick to point out the report is actually a recycled 2013 SEI report which the State Department took into account, and largely dismissed.

More »

Milestones for American Energy – and Potential Obstacles

american energy  epa  ozone standards  fracking  texas  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted August 14, 2014

Wall Street Journal (Jay Timmons, NAM): In a town famous for inaction, Washington is gearing up to take action on a major policy issue. But there's a hitch: The outcome could be the most expensive regulation in the nation's history, possibly tanking the economy and costing jobs at a time when businesses, manufacturers and families are making a comeback.

Later this year, the Environmental Protection Agency will decide whether it should tighten the air-quality standard for ground-level ozone. There are several things about this possible new standard that are alarming.

More »

The Promise of American Energy, Today and Tomorrow

american energy  global markets  fracking  Economy  jobs  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted August 13, 2014

Bloomberg Businessweek: Fighting across Iraq, Libya, Ukraine and Gaza, and an accelerating economy, should mean higher oil prices. Yet crude is falling.

Six years ago, oil soared to a record $147 a barrel as tension mounted over Iran’s nuclear program and the world economy had just seen the strongest period of sustained growth since the 1970s. Now, West Texas Intermediate, the U.S. benchmark price, has traded below $100 for 10 days and Brent, the European equivalent, tumbled to a 13-month low.

What’s changed is the shale fracking boom. The U.S. is pumping the most oil in 27 years, adding more than 3 million barrels of daily supply since 2008. The International Energy Agency said yesterday that a supply glut is shielding the market from disruptions. Bank of America Corp., Citigroup Inc. and BNP Paribas SA concur. 

More »

Keystone XL Opponents Running Out of New Ideas

keystone xl pipeline  canadian oil sands  crude oil supplies 

Mark Green

Mark Green
Posted August 13, 2014

Ever since the Keystone XL pipeline first started clearing environmental reviews by the U.S. State Department, opponents basically have been left with arguing that State missed one thing or another in an effort to drag out the federal review. Of course, the credibility of the tactic has suffered evaporation with each successful State review, now five in all.

That’s the context for the latest bid to undercut State’s thorough analysis – an analysis that claims that State underestimated Keystone XL’s emissions impact by failing to consider that the pipeline would increase supply and drive down global prices leading to increased demand (and emissions).

The economic foundation is suspect, as Alberta University Professor Andrew Leach writes in an article for MacLean’s, here.

More »