Energy Tomorrow Blog
Posted August 21, 2018
With EPA unveiling its proposed new rule to reduce greenhouse gas emissions from power plants, there’s already lots of discussion of whether the proposal is an improvement over the rule it would replace – whether a regime may focus on the utility sector as a system or needs to focus on individual sources.
Be that as it may, we’ll go back to the main point we made amid discussion of the Obama administration’s Clean Power Plan (CPP), which EPA’s new proposal would replace:
Thanks to clean natural gas and its selection by the market as the leading fuel for electricity generation, U.S. carbon dioxide emissions from the power sector have plunged – without the CPP’s implementation. According to EPA's fact sheet, CO2 emissions from the power sector decreased 28 percent from 2005 through 2017.
Posted August 21, 2018
EPA’s recent decision not to revisit 2015 ozone standards suggests a couple of points as the agency looks ahead to its scheduled 2020 review of the ozone air quality standards.
First, it’s imperative that EPA build its 2020 review around quality science – for one, to properly consider background levels of ozone and how they affect where the federal government sets the standards. For some parts of the country the 2015 standards were near levels of background ozone – setting up compliance problems for places such as Yellowstone National Park.
Second, on the road to the 2020 review, there should be discussion of implementation relief – from EPA or directly by Congress legislatively.
Posted August 16, 2018
Lots of positive energy data points in API’s newest Monthly Statistical Report – and one that’s potentially concerning.
The good is that the U.S. tied its record for crude oil production in July at 10.7 million barrels per day (b/d) and set a new one for natural gas liquids, 4.4 million b/d. With total liquids production up by more than 2 million b/d compared to July 2017, the U.S. has accounted for almost all of the growth in world oil production so far in 2018 – more than compensating for production losses elsewhere around the world.
Now the potential point of concern. The U.S. petroleum trade balance retreated in July, perhaps the result – at least in part – of trade tensions prompted by new U.S. tariffs. Crude export were down 240,000 b/d last month, and refined products exports decreased 220,000 b/d.
Posted August 13, 2018
API is proud to partner with the U.S. Occupational Safety and Health Administration (OSHA) for “Safe +Sound Week” (through Sunday), a nationwide event to raise awareness and understanding of the importance of safety and health programs. This includes management leadership, worker participation and a systematic approach to finding and fixing hazards in workplaces.To mark “Safe + Sound Week,” API is making 22 of its most important safety standards available for free, accessible here.
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 7, 2018
You’ve probably noticed some changes to API’s social media channels. The messages on Facebook and Twitter are the same, but we're streamlining your access to news, analysis and commentary on natural gas and oil issues, which we believe will foster even more conversation about energy.
Beginning Aug. 20, there’ll be another change: The Energy Tomorrow Blog will move to API.org as we pull together primary API content on our home website.
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 25, 2018
Tariffs and quotas on imported steel and other products appear to be moving from a debate in Washington to Americans’ dinner tables, as farmers and others in the human food chain voice concern that a trade war – tariffs and retaliatory measures by other countries – is impacting food costs.
Posted July 20, 2018
Big news in the latest API Monthly Statistical Report: U.S. crude oil production rose to an all-time record of 10.7 million barrels per day (mbd) in June – the largest monthly output, ever. According to the MSR, June domestic crude production increased more than 100,000 barrels per day over May, and the total was 1.6 million barrels per day more than June a year ago. But let’s go back to that top-line number – 10.7 million barrels per day – and comprehend what it means:
Economic growth and jobs – but also our country’s energy security, supporting the promise of present and future prosperity and opportunity. That’s the gift of the American energy renaissance that, well, keeps on giving.
All of the above support an argument that – to ensure an adequate global supply of crude oil upon which the U.S. and global economies rely – we should look to sustain and grow domestic natural gas and oil production.