Energy Tomorrow Blog
Posted May 2, 2016
This wonderful domestic energy abundance and the global LNG market opportunities could be impacted by challenges facing infrastructure expansion here at home. America needs more energy infrastructure to move domestic supply to all areas of the country, for residential consumers, power generators and manufacturers. Yet, without stronger high-level backing, we could see these infrastructure needs delayed or rejected, as occurred last month with the proposed Constitution natural gas pipeline in New York.
Americans overwhelmingly support more energy infrastructure, and there appears to be bipartisan consensus for it in Congress. But infrastructure projects are being targeted by a vocal minority – even though increased domestic use of natural gas is the leading reason the United States is leading the world in reducing carbon emissions. A key going forward is gaining infrastructure support from the White House and the administration, said Marty Durbin, API’s executive director for market development.
Posted April 21, 2016
U.S. Senate passage of energy legislation is an important step forward in the effort to sustain and grow a U.S. energy revolution that’s making America more energy secure, benefiting consumers and helping the environment.
For the first time since the energy renaissance materialized, both houses of Congress have passed bipartisan, comprehensive energy-assisting legislation. The initiatives signal a commitment to matching energy policy with the new U.S. energy reality, one in which the United States is the world’s leading producer of oil and natural gas. They also suggest lawmakers recognize that, on a bipartisan basis, voting Americans support more domestic energy development – as well as candidates who do the same.
Louis Finkel, API executive vice president, talked about the advancing legislation and the opportunities that are being provided by American energy during a conference call with reporters.
Posted April 20, 2016
Americans in the building construction trades know the importance of new energy infrastructure. Building things is what they do. In recent years they’ve recognized the value of partnering with the oil and natural gas industry on infrastructure projects to deliver energy, create jobs and boost the economy – all benefits of America’s ongoing energy revolution.
At this week’s Washington legislative conference of North America’s Building Trades Union, NABTU President Sean McGarvey listed energy infrastructure among the union’s top priorities in 2016 and noted the importance of forming partnerships to advance shared goals, such as infrastructure:
“There are other ways, too, in which our unions are building that go beyond the jobsite, such as building a new labor-management paradigm in the United States through formal partnerships with entire industries and individual companies.”
Nowhere is this dynamic more timely and important than in the effort to build new natural gas pipelines in the Northeast, where constricted capacity historically has contributed to higher energy costs during peak winter months.
Posted April 19, 2016
Some important context before a discussion of a flawed emissions report from EPA, which follows below.
The United States is the world’s No. 1 producer of oil and natural gas – largely thanks to safe and responsible hydraulic fracturing and advanced horizontal drilling. Natural gas production reached a record high level of 79 billion cubic feet per day in 2015, according to the U.S. Energy Information Administration (chart), while total U.S. energy output increased for the sixth consecutive year.
The increased natural gas production and use is critically important, as it is the key factor in reduced carbon emissions during a period of U.S. economic expansion – a break with historic precedent noted by the New York Times. Indeed, the United States is leading the world in carbon emissions reductions, largely thanks to its energy revolution.
Posted April 14, 2016
Take a look at details of API’s energy policy recommendations to the two political parties from this week’s Vote4Energy event. They include access to oil and natural gas resources and an approach to oversight that fosters the goal of safe and responsible energy development.
Access is critically important, especially when you’re talking about developing offshore oil and natural gas reserves. Today, 87 percent of offshore acreage under federal control remains off limits to energy development.
Posted April 13, 2016
There’s a candidate in the 2016 campaign that’s a true unifier, a candidate reflecting the views of an overwhelming number of Americans and one that’s capable of being a sturdy bridge between Washington’s partisan interests:
As the 2016 general election campaign season approaches, API this week unveiled its energy policy recommendations for the platform-writing committees of the Democratic and Republican parties. More on these below.
First, let’s focus on the United States’ current energy reality and the once-in-a-generation opportunity the U.S. energy revolution is providing for security and prosperity, which API President and CEO Jack Gerard described as the context for industry’s platform report during a briefing and discussion event in Washington.
Posted April 12, 2016
In terms of energy policy, the United States is at an important crossroads. The ongoing American energy renaissance – which has seen domestic crude oil production surge 88 percent between 2008 and 2015, and natural gas output increase 48 percent since 2005 – has changed the U.S. energy story from one of scarcity and limitations to one of abundance and opportunity. With that opportunity comes responsibility to make policy choices to sustain and grow the country’s new energy momentum.
That’s the backdrop for an important Vote4Energy event on Wednesday in Washington, D.C., where API will present its energy policy recommendations to the platform-writing committees of the Democratic and Republican parties. The event will be livestreamed here beginning at 8:30 a.m. API President and CEO Jack Gerard:
“The United States is the world’s leading producer of oil and natural gas, and as a result of greater use of clean-burning natural gas and cleaner, more efficient fuels, we are also a world leader in reducing carbon emissions and other air pollutants. We have a proven model for achieving environmental progress without sacrificing jobs, economic growth, energy security or consumer affordability. Our political leadership has the opportunity to continue, and expand upon, the American energy revolution.”
Seizing the opportunity we have because of our new energy abundance is critically important. Details from API’s platform report will be released Wednesday, but they surely will include policies to advance safe and responsible domestic energy production, the need for a fair regulatory approach that avoids unnecessary duplication and recognizing that the country’s energy and environmental goals are best met through private innovation and investment in cooperation with government. Gerard:
“The goal of a national energy policy must be to ensure a secure supply of abundant, affordable and available energy for the American people in an environmentally responsible manner.”Tune in for the event on Wednesday morning and join the conversation on Twitter by using the #Vote4Energy hashtag.
Posted March 30, 2016
Methane emissions have dropped significantly. Since 2005, emissions from field production of natural gas have dropped 38 percent, and emissions from hydraulically fractured natural gas wells have plunged 79 percent.
These facts bear repeating in light of the Obama administration’s announcement that it is pursuing yet another set of methane regulations. Not only are the additional regulations duplicative and unnecessary, given industry’s success in reducing emissions under current regulations, but the new rules could actually undermine progress.
Posted March 29, 2016
A quick list of some of the benefits realized by the United States thanks to modern hydraulic fracturing and advanced horizontal drilling:
Surging oil and natural gas production
The United States is the world’s leading producer of oil and natural gas, resulting in lower oil imports and an opportunity for the U.S. to compete with other producers in the global market.
According to the U.S. Energy Information Administration, oil production from safely fractured wells totaled more than 4.3 million barrels per day in 2015, about half of all U.S. oil output.
Posted March 15, 2016
With the Obama administration’s decision not to include the Atlantic in the next federal offshore leasing program, let’s connect some dots that put this unfortunate decision in a fuller context – one where the administration is choosing retreat instead of progress with its energy strategy.
First, America’s energy revolution is a once-in-a-generation opportunity that has put this country on a path toward economic growth, consumer benefits, environmental progress and a more secure energy future. Yet, omitting the Atlantic from the five-year leasing program that will largely guide offshore development from 2017 to 2022 is retreat, not progress, in efforts to produce more energy right here at home.
It’s the wrong path for America – a path also defined by administration policies that have resulted in declining oil and natural gas production on federal lands, an onslaught ofunnecessary regulation and continuation of the harmful Renewable Fuel Standard (RFS). It’s a path that has made energy infrastructure development more problematic, a path that will negatively impact American households and one that could see the U.S. become less secure and less competitive in the world.