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Energy Tomorrow Blog

The States and the Right Regulatory Approach

carbon emissions  Economy  energy regulations  greenhouse gas emissions  ohio  oil and natural gas  Safety  shale energy  texas 

Mark Green

Mark Green
Posted July 12, 2016

The sound approach to energy regulation in the U.S. – one that provides appropriate oversight to oil and natural gas development without unnecessarily impeding progress – continues to be a major theme at the U.S. Energy Information Administration’s (EIA) annual conference in Washington.

Tesoro President and CEO Gregory J. Goff raised the point with his Day 1 keynote speech, calling for transparency, fairness and accountability in federal regulation:

“Consumers, companies and the economy all benefit when government policies are well-reasoned and balanced. America is blessed with an abundance of affordable, reliable energy. It must not be squandered. Allowing the forces of the free market to operate will continue to benefit society. Government should be a facilitating partner in this positive economic force, not a roadblock to it.”

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The President and Petroleum

petroleum  president obama  oil and natural gas  us energy security  economic benefits  access  fracking  infrastructure  vote4energy 

Mark Green

Mark Green
Posted July 6, 2016

Good to hear President Obama extolling some of the benefits of the U.S. energy revolution this week in North Carolina, starting with security and consumer benefits. Both are firmly linked to surging domestic oil production – which of course is why the United States leads the world in oil and natural gas output. The president:

“Remember when we were all concerned about our dependence on foreign oil? Well, let me tell you, we’ve cut the amount of oil we buy from other countries in half. Remember when the other team was promising they were going to get gas prices down in like 10 years? We did it. … So we have been able to shape an energy policy that’s good for families, good for your pocketbook.”

Indeed, producing more oil and gas here at home has had great impact on U.S. energy security and security overall. The United States is stronger in the world today because it is less dependent on others for imported energy. According to the U.S. Energy Information Administration (EIA), net imports stood at 4.6 million barrels of oil per day in 2015 – lower than any year since they were at 4.2 million barrels per day in 1985. EIA projects that in 2040 net crude imports will drop to about 1.5 million barrels per day.

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A Look at Energy Projections and Polls

oil and natural gas  us energy security  climate  economic growth  eia 

Mark Green

Mark Green
Posted June 24, 2016

Let’s spend a few words supporting the work of the folks at the U.S. Energy Information Administration (EIA) – which compiles energy data and produces reports that depict America’s current energy picture, as well as projections on how that picture could look years from now. EIA’s analyses are valuable for policymakers, energy-associated industries, a range of business sectors and regular Americans.

Unfortunately, EIA is taking criticism from some quarters because its reports, such as the Annual Energy Outlook 2016, project that fossil fuels will continue to be the largest piece of the U.S. energy portfolio well into the future. A number of critics want EIA to issue projections that are more optimistic about the use of renewables. ...

While predicting things is tricky, it looks like EIA’s 2000 projection for 2015 turned out to be pretty accurate for petroleum/other liquids and renewables.

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Access to Support America’s Energy Revolution

oil and natural gas  access  offshore energy  onshore development  leasing plan 

Mark Green

Mark Green
Posted June 22, 2016

It’s clear in a new Harris Poll on energy issues that Americans recognize the revolutionary opportunity that’s being afforded the United States by increased domestic energy production – consumer benefits, economic growth and increased security.

The poll’s registered voters see a new U.S. energy narrative, one of abundance that’s making America more self-reliant and stronger. Even more, those surveyed appreciate the fact that American-made energy is a path to future prosperity, and they want policies that help ensure that path is taken.

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Hearing the Voters on Energy

oil and natural gas  economic growth  access  vote4energy  us energy security 

Mark Green

Mark Green
Posted June 21, 2016

There’s a reason pro-energy messages and objectives enjoy overwhelming support from the American people: Americans recognize that domestic energy production is nonpartisan and that it leads to prosperity throughout the land.

In this election year, the key is getting the folks running for office at all levels to get onboard with the voting public, for them to hear the strong pro-energy message voters are sending – seen in a new Harris Poll released at this week’s “Energy and the Election” event.

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Tuesday Event: Energy and the Election

vote4energy  oil and natural gas  access  infrastructure  energy policy 

Mark Green

Mark Green
Posted June 20, 2016

New polling information that details American voters’ views on energy issues in this election year will be unveiled during an event tomorrow morning hosted by API: 

“Energy and the Election: What Voters Think.” You can watch the event live, starting at 9 a.m., at www.vote4energy.org.

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Video Tells Story of New Gulf Platform ‘Heidelberg’

offshore energy  offshore platform  oil and natural gas  gulf of mexico 

Mark Green

Mark Green
Posted May 25, 2016

Heidelberg and other offshore production facilities are integral to U.S. energy security. The U.S. Energy Information Administration (EIA) estimates Gulf production will average 1.63 million barrels of oil per day (mb/d) this year and reach 1.91 mb/d by December next year, accounting for 18 percent and 21 percent of total U.S. crude oil production in 2016 and 2017, respectively.

Output from Heidelberg and other platforms reflects decisions made years ago – to buy leases and to invest in exploration and development. That’s why it’s critically important for robust planning now, starting with the government’s 2017-2022 offshore oil and natural gas leasing program that’s currently being put together by federal officials.

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The Affirmative Case For Energy

oil and natural gas  climate  emission reductions  us energy security 

Mark Green

Mark Green
Posted May 24, 2016

Compelling video interview earlier this month with Chevron Chairman and CEO John S. Watson by the Wall Street Journal – headlined the “Morality of Oil.”

This is especially timely, given the claims of some industry opponents that affordable, reliable, portable energy somehow isn’t a public good, despite some important facts to the contrary.

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Why Leading the World in Oil, Natural Gas Output Matters

oil and natural gas production  security  energy exports  economic growth  climate 

Mark Green

Mark Green
Posted May 23, 2016

New figures from the U.S. Energy Information Administration show the United States remained the world’s No. 1 producer of oil and natural gas in 2015, a position the U.S. has held since 2012.

Several important points here, supporting the idea that U.S. world energy leadership is a big thing.

First, U.S. production of oil and natural gas grew last year despite continued low prices for crude last year. U.S. output of petroleum and other liquid fuels grew from 14.08 million barrels per day in 2014 to 15.04 million barrels per day in 2015. According to EIA, natural gas production rose from 74.89 billion cubic feet per day (bcf/d) in 2014 to 78.94 bcf/d in 2015, or about 13.99 million barrels of oil equivalent per day.

The second point is the vast majority of U.S. energy production is the result of safe and responsible hydraulic fracturing and modern horizontal drilling – fracking.

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America Needs Forward-Looking Offshore Energy Plan

offshore development  oil and natural gas  safe operations  alaska  arctic  boem 

Mark Green

Mark Green
Posted May 20, 2016

Near year’s end the federal Bureau of Ocean Energy Management (BOEM) is scheduled to release its offshore oil and natural gas leasing program for 2017-2022.

For more than a year BOEM has methodically worked to craft a program that will blueprint offshore development into the next decade and beyond, developing drafts, receiving comments from the public as well as inputs from elected officials in affected states.

With the United States emerging as the world’s leading producer of oil and natural gas, planning America’s offshore oil and gas development has never been more important. The United States must have an offshore oil and natural gas program that reflects America’s energy superpower status.

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