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Energy Tomorrow Blog

Americans Clear on Higher Energy Taxes

access  taxes and revenue  production  job creation 

Mark Green

Mark Green
Posted October 29, 2013

Here’s what Americans are thinking about tax reform discussions that potentially could include hiking taxes on U.S. oil and natural gas companies, according to a new Harris Interactive poll

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A Plan for America’s Offshore Energy Future

offshore access  offshore development  american energy  Economy  jobs  gulf leases  revenue 

Mary Leshper

Mary Schaper
Posted October 22, 2013

Domestic oil and natural gas development is a key driver of America’s economy and global energy security, API’s director of upstream and industry operations Erik Milito told reporters yesterday. Access to offshore resources currently off-limits in the Atlantic, Pacific and Eastern Gulf of Mexico  could supply even more of the energy and jobs Americans need. Milito:

“Americans are eager to put more of our offshore energy resources to work. If exploration and development is allowed to safely expand to new areas, domestic oil and natural gas could provide more energy, jobs and government revenue than ever before.”

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Virginia: Yes to Offshore Drilling, More Energy

domestic energy access  offshore drilling  regulation 

Mark Green

Mark Green
Posted October 15, 2013

Virginia is among Mid-Atlantic states under federal consideration for offshore seismic surveying for oil and natural gas. Policymakers should be mindful of a new poll showing that a wide majority of Virginians – 67 percent – favor offshore drilling, as well as increased production of domestic oil and natural gas overall.

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VIDEO: Fueling American Job Creation

jobs  access  Economy 

Mark Green

Mark Green
Posted October 15, 2013

Fuel Fix.com has an article about a new report showing the U.S. oil and natural gas industry is simply booming in terms of job creation:

The U.S. oil and gas industry added new jobs faster than the total private sector during the year that ended in June, jumping 2.6 percent over the previous year and pushing the industry’s roster past 1 million jobs nationwide, according to a new report.

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We're No. 1!

Energy Security  Economy  jobs  access 

Mark Green

Mark Green
Posted October 4, 2013

Two charts and some incredible, bordering on the unbelievable, good news for America’s energy present and future, as well as our security in the decades to come.

First, a familiar chart below from the U.S. Energy Information Administration (EIA) Annual Energy Outlook for 2013. It shows that our wonderful, modern economy – which makes us strong as a nation while providing opportunity for individuals and families to grow and prosper – is primarily fueled by oil and natural gas (62 percent) and will be in the foreseeable future. EIA projects that oil and natural gas will supply 60 percent of our energy in 2040 – reliable, abundant fuels that make our livesmore comfortable, healthier and mobile.

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Energizing America: Good Energy Policy and Its Economic Impacts

access  unconventional gas  unconventional oil  economic benefits 

Mary Leshper

Mary Schaper
Posted September 18, 2013

Oil and natural gas development from shale is creating jobs and building the economy, providing America with a distinct competitive advantage in the world, API Chief Economist John Felmy told the National Association of Energy Officials this week in Denver. Felmy:

“The oil and natural gas industry has strengthened the U.S. economy by creating jobs, increasing household wealth, and securing America's future. If Congress and the administration are willing to support America’s domestic energy production, oil and natural gas are poised to fuel an economic renaissance."

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Unconventional Oil and Natural Gas - Help for Government Budgets

access  government revenue  royalties  tax revenue 

Mark Green

Mark Green
Posted September 11, 2013

There are a number of good reasons to continue developing America’s vast reserves of unconventional oil and natural gas, according to the latest IHS study: 3.3 million jobs that could be supported by 2020, more than $468 billion in annual contributions to GDP, a rise in individual household disposable income of more than $3,500 by 2025 (up from $1,200 per household in 2012). Here’s more good news, especially for federal and state officials dealing with tight budgets.

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White House Recognizes Oil and Natural Gas Benefits

jobs  Economy  access 

Mark Green

Mark Green
Posted September 3, 2013

It’s good to see a pair of senior White House officials pointing to increases in domestic oil and natural gas production as key factors in an improving U.S. economy. On the White House Blog, Gene Sperling, director of the National Economic Council, and Jason Furman, chairman of the Council of Economic Advisors, write about last week’s upward revision in second-quarter GDP from 1.7 percent to 2.5 percent.

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Americans' Concerns, Energy's Solutions

jobs  access  economic growth 

Mark Green

Mark Green
Posted August 22, 2013

National Journal has a couple of interesting offerings this week – an article exploring why Americans don’t seem to care what scientists think about climate, and its Energy Experts Blog question of the week asking what Americans think about energy and climate policy. (API President and CEO Jack Gerard’s response, here.)

A simple observation is that while Americans do think about climate and the role policy could play in affecting climate, they think about other things more.

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Oil and Natural Gas: America's Growth Industry

jobs  Jobs and Economy  access  oil and natural gas 

Mark Green

Mark Green
Posted August 14, 2013

The U.S. Energy Information Administration reports that oil and natural gas industry employment increased more than 162,000 jobs from the start of 2007 through the end of 2012 – a 40 percent surge. Yeah, that’s a big number. Here’s how big: EIA says total U.S. private sector job growth over the same period was just 1 percent. Hello, White House, jobs calling!

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