Energy Tomorrow Blog
Posted March 12, 2014
I had an interesting – and very timely – conversation with the first group of API Fellows last week at IHS CERA’s mega-energy conference in Houston. Interesting – because these highly motivated men and women surely will be part of the next generation of industry leaders Timely, because a new IHS study projects great industry opportunities in the future for minorities and women.
Posted February 4, 2014
President Obama is taking issue with the number of jobs the Keystone XL pipeline would support during its construction phase – 42,100, according to the U.S. State Department environmental review issued last week. During an interview with Fox News’ Bill O’Reilly taped Sunday, the president interrupted when O’Reilly brought up Keystone XL and its potential economic impact:
“Well, first of all, it’s not 42,000. That’s – that’s not correct. It’s a couple of thousand to build the pipeline.”
The remark echoed what the president said to the New York Times last summer and also a line in an economic speech he delivered in Tennessee a few days later – each looking askance at the Keystone XL’s job-creating potential.
With all due respect, 42,100 is the Obama administration’s number – the number of jobs the president’s State Department estimates Keystone XL would support across the U.S. while the pipeline is being built.
Posted January 22, 2014
While I haven’t had a chance to fully digest the Center for American Progress’ latest attempt to spin for new energy taxes, I’m curious about its dismissal of indirect and induced jobs as the measure of an industry’s investments and operations. Direct/ indirect/ induced jobs isn’t some foreign concept, as we’ve noted before, but perhaps CAP would understand it better if we used a different example than the oil and natural gas industry.
Posted November 21, 2013
Legislation passed by the U.S. House would help preserve effective state regulation of hydraulic fracturing by limiting Interior Department enforcement of unnecessary fracking rules on public lands. Effective regulation has an important role in safe and responsible energy development, and states are best positioned to do just that. Erik Milito, API’s director of upstream and industry operations:
“Hydraulic fracturing and horizontal drilling are safe, proven technologies that have allowed the U.S. tooutpace Russia as the world’s number one producer of oil and natural gas. Job growth, energy security, andgovernment revenue are all rising due to the U.S. energy revolution, and state regulators are in the best positionto preserve America’s progress while protecting our natural resources with rules tailored to local hydrology,geology, and natural resources.”
The combination of advanced hydraulic fracturing and horizontal drilling launched the current shale energy revolution in America– a surge that can continue with increased access to oil and natural gas reserves, including those on public lands, and common-sense regulation led by the states. In terms of future economic growth and greater security in the world, U.S. shale energy is agame-changer. Below are 10 things everyone should know about it.
Posted October 8, 2013
Hydraulic fracturing and horizontal drilling are safely unlocking vast U.S. reserves of oil and natural gas found in shale and other tight-rock formations. Developing energy from shale is an advanced process that uses the latest drilling technologies and equipment. Click here for a video showing how this process works, and visit Energy From Shale.org to learn more about America’s shale energy revolution. As for what fracking means to the United States – the answers, in charts.
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."
Posted August 21, 2013
Posted August 6, 2013
U.S. News & World Report – 'Game Changers' for Job Creation
The National Taxpayer Union’s Pete Sepp notes a recent study indicating the top catalyst for U.S. job creation is oil and natural gas production, particularly from shale development. Sepp outlines the benefits in the study, including adding $690 billion a year to U.S. GDP and creating up to 1.7 million new jobs by 2020.
Posted July 9, 2013
API’s new advertising campaign launched this week underscores the broad support in America for construction of the full Keystone XL pipeline. Here’s our new television ad
Posted January 21, 2013
With more than four years of study and review of the Keystone XL pipeline seemingly nearing an end, there’s yet another study depicting jobs and economic benefits – that is, if President Obama will approve construction of the entire project.
This report comes from Creighton University economist Ernie Goss and his team, who project more than 5,000 new jobs a year and millions of dollars in investment in Nebraska from construction of the pipeline. You can read the Goss report here, but a few highlights: