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Energy Tomorrow Blog

Earnings, Investment and Economic Stimulus

tax revenues  investments  energy  earnings  access 

Mark Green

Mark Green
Posted February 11, 2013

Let’s talk oil and natural gas company earnings. Today, three charts that illustrate some of the things we’ve been saying for some time:

  • Earnings equal return on investment, which is great news for millions of Americans – the true owners of these companies. (More here from Ken P. Cohen’s Perspectives blog.)
  • Oil and natural gas companies are investing in America in a way unsurpassed by other industries.
  • America’s oil and natural gas companies pay their fair share – and more – in taxes.

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Foundations for a Forward-Looking Energy Policy

oil and natural gas  npr-a  keystone xl  energy  drilling  anwr  access 

Mark Green

Mark Green
Posted February 7, 2013

On the House side, an Energy and Commerce subcommittee heard experts like Daniel Yergin describe North America’s energy resources (video here and here). Meanwhile, U.S. Sen. Lisa Murkowski of Alaska unveiled a blueprint for greater U.S. energy self-sufficiency by the year 2020. Both provided excellent data and arguments for greater domestic oil and natural gas production that will make our country stronger, more prosperous and more secure.

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Oil, Natural Gas and Taxes - The Choice Revisited

taxes and revenue  energy  economy and energy  access 

Mark Green

Mark Green
Posted February 5, 2013

Energy is essential to running our economy and securing our standard of living.  At a very basic level we can get the energy we need in one of three ways: 1. We can produce it domestically; 2. U.S. companies can produce it abroad for sale in the U.S.; 3. Foreign companies can produce it abroad for sale in the U.S. Two of these three ways offer a clear advantage in creating American jobs, boosting the American economy and supplying revenue to American governments.

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Study: Oil and Natural Gas as Economic Dynamo

taxes and revenue  energy  drilling  access 

Mark Green

Mark Green
Posted February 5, 2013

An important new analysis supports what the oil and natural gas industry has been saying for some time: Drilling on public lands now closed to development could boost U.S. employment, economic growth and revenue to federal, state and local governments over both short- and long-term horizons.

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Checking Off the Arguments for the Keystone XL Pipeline

revenue  oil sands  keystone xl pipeline  energy economy  access 

Mark Green

Mark Green
Posted January 30, 2013

Two pieces of new polling info linked to the Keystone XL pipeline.

First, Rasmussen reports that the project, after more than four years on the Obama administration’s “to do” list, enjoys support from 59 percent of those surveyed. Just 28 percent oppose. Strong supporters (34 percent) outnumber strong opponents (10 percent) by more than three to one. There’s been strong support for the Keystone XL in polls by Fox News and Pew Research.

Speaking of Pew, last week they released another of their periodic surveys showing the issues Americans think are most important as President Obama and Congress get to work this year. Topping the list is strengthening the economy (86 percent say it’s a “top priority”), followed by improving the job situation (79 percent) and reducing the budget deficit (72 percent). What’s this got to with the Keystone XL pipeline?

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VIDEO: ‘What Is To Be Done? Let The Private Sector Do It.’

energy economy  energy development  domestic energy  access 

Mark Green

Mark Green
Posted January 22, 2013

More video interviews from the recent State of American Energy event in Washington, D.C. In this clip Devon’s Richard Sawaya and Paula Jackson, interim president and CEO of the American Association of Blacks in Energy, talk about energy development under pro-growth policies as a dynamic economic engine

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Natural Gas Abundance and LNG Exports

access  energy economy  lng exports  natural gas 

Mark Green

Mark Green
Posted January 18, 2013

One argument being made against the export of U.S. liquefied natural gas (LNG) is that exports might create a domestic natural gas shortage, harming consumers and industries that use natural gas to make things or to power their operations. The chart below shows that this line of attack is just fear mongering.

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VIDEO: ‘We Shouldn’t Turn Our Back on This Great Opportunity’

regulation  natural gas  infrastructure  access  oil 

Mark Green

Mark Green
Posted January 18, 2013

At last week’s State of American Energy event in Washington, D.C., we interviewed some of the attendees on the future of U.S. energy development – which we’ll share in future posts. Below, BP America Executive Vice President Dave Nagel talks about America’s opportunity to move toward energy self-sufficiency through purposeful and careful management of its oil and natural gas reserves

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Needed: ‘Political Wisdom’ to Manage America’s Energy Wealth

natural gas  energy politics  energy economy  domestic energy  access 

Mark Green

Mark Green
Posted January 16, 2013

America’s oil and natural gas industry is bullish on America, having delivered a direct stimulus to the U.S. economy in 2011 worth more than $545 billion in capital spending, wages and dividends, according to PricewaterhouseCoopers. That’s $1.5 billion a day in economic lift from developing oil and natural gas. And industry is ready to do more.

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Oil and Natural Gas Impact: 9.6 Million Jobs, $1.1 Trillion Added to GDP

natural gas  domestic energy  access  oil 

Mark Green

Mark Green
Posted January 16, 2013

A recent PricewaterhouseCoopers study reveals some important numbers about the U.S. oil and natural gas industry, in terms of employment, labor income and value added in 2011:

  • Industry supported 9.6 million jobs.
  • More than $580 billion was paid in labor income, and industry’s estimated total addition to U.S. GDP was $1.1 trillion, accounting for 7.3 percent of the national total.
  • Industry invested about $292 billion in capital expenditures and paid out $28.7 billion in dividends to the real owners of America’s oil and natural gas companies – including dividends paid to retirement plans.

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