Energy Tomorrow Blog
Posted February 3, 2014
Posted January 31, 2014
All along, many of the folks who’ve wanted the Obama administration to nix the Keystone XL pipeline have acknowledged opposition to the project as symbolic, more or less conceding that when it came to arguing the actual merits of the pipeline – jobs, economic stimulus, greater U.S. energy security – they didn’t have much and sometimes only a disingenuous imagination.
For example, author/Keystone XL activist Naomi Klein:
“It is not just about Keystone XL. This is about climate change and Keystone XL is the symbol. Everyone knows that if we stop this pipeline the climate crisis isn’t solved.”
And NextGen’s Tom Steyer:
“There’s definitely a symbolic side to this. It has become, you know, a symbol in some ways in the fight over how to think about this. And that happens sometimes. Sometimes, specific incidents take on a life of their own.”
And Steyer advisor Kate Gordon:
“The goal is as much about organizing young people around a thing. But you have to have a thing.”
Well, here’s the thing: Most Americans prefer jobs, growth and energy – in other words, substance – over symbolism. They want the full Keystone XL pipeline built, reflected in poll after poll after poll. Which is why the U.S. State Department’s new assessment is welcome progress in a process that passed the five-year mark last fall. It found that whether Keystone XL is approved or denied, oil sands extraction is unlikely to be affected – and hence the project would not lead to a surge in greenhouse gas emissions
Posted January 30, 2014
President Obama, during his State of the Union address to Congress this week:
“… one of the biggest factors in bringing more jobs back is our commitment to American energy. The ‘all the above’ energy strategy I announced a few years ago is working … “
Yes, “all of the above” is working. It refers to embracing all energy sources – oil, natural gas, coal, nuclear, wind, solar, hydro, renewables and others. That the approach is working is seen in the United States’ increasing energy self-sufficiency. And America is more energy self-sufficient because we’re less reliant on others – chiefly thanks to surging domestic oil and natural gas production.
Posted January 30, 2014
Report: Keystone XL Review by U.S. Expected to be Positive
The Canadian Press: Canadian officials say they're encouraged by what they're hearing about a long-awaited report on the environmental impact of the Keystone XL pipeline that could be released imminently by the U.S. State Department.
Those sources in Washington and Ottawa say they've been told the report could be ready for release within a few days — and that it will bolster the case for the controversial energy project.
"What we're hearing is that it's going to be positive for the project — and therefore positive for Canada," said one diplomat in Washington, who spoke on condition of anonymity because he hadn't seen the report himself, although he had discussed its contents with American contacts.
"The rumours certainly are that it's very thorough and that the analysis will support the project."
Posted January 29, 2014
Energy issue positives from President Obama’s State of the Union address Tuesday night:
Crediting surging domestic oil and natural gas production for adding jobs, creating economic growth and revitalizing the manufacturing sector.
Recognizing that because of domestic output the U.S. “is closer to energy independence than we have been in decades.”
Posted January 27, 2014
Indications are that President Obama’s State of the Union message tomorrow night will key in on making 2014 a “year of action” to create jobs and grow the economy, which he addressed earlier this month in one of his weekly radio addresses:
“… we’ve got to keep our economy growing, and make sure more Americans have the opportunity to share in that growth. We’ve got to keep creating jobs that offer new opportunity, and make sure those jobs offer the wages and benefits that let you rebuild some security. … This will be a year of action. I’ll keep doing everything I can to create new jobs and new opportunities for American families – with Congress, on my own, and with everyone willing to play their part.”
America’s oil and natural industry is ready to play a part in an action agenda that helps advance a number of the president’s goals, including job creation, economic growth, income inequality, environmental protection and energy security.
Posted January 23, 2014
What The Captain & Tennille Teach Us About Energy Policy
Forbes: Love apparently didn’t keep the ’70s pop duo Captain & Tennille together.Toni Tennille has filed for divorce from Daryl Dragon after 39 years of marriage. Just as the pair’s most famous standard now rings false, so does our 1970′s notion of energy security. For the past 40 years, U.S. energy policy has been married to the idea of scarcity. Following the oil embargoes of the 1970s, we built policies, from export bans to ethanol mandates, based on the idea that we would forever be at the mercy of other oil-producing nations.
The hydraulic fracturing boom, however, has changed all that. North America is undergoing an energy renaissance. Domestic crude oil production has reached parity with imports, and the International Energy Agency predicts the U.S. may become the world’s largest energy producer as early as next year. Yet our policies remain stuck in the dark ages of scarcity. Lawmakers on both sides of the aisle are resisting efforts to lift the 1970s-era ban on crude exports, citing issues of “energy security.”
As Sen. Edward Markey, D-Mass., told the Wall Street Journal: “If we overturn decades of law and send our oil to China and other markets, oil companies might make more money per barrel, but it will be American consumers and our national security that will pay the price.”
There’s a difference between ensuring our energy security and hoarding resources. With our newfound abundance, security comes through continued development of domestic reserves.
Read more: http://onforb.es/KMM7kV
Posted January 22, 2014
EIA Today in Energy: The 2014 Annual Energy Outlook projects declines in U.S. oil and natural gas imports as a result of increasing domestic production from tight oil and shale plays. U.S. liquid fuels net imports as a share of consumption is projected to decline from a high of 60% in 2005, and about 40% in 2012, to about 25% by 2016. The United States is also projected to become a net exporter of natural gas by 2018.
Conversely, other major economies are likely to become increasingly reliant on imported liquid fuels and natural gas. China, India, and OECD Europe will each import at least 65% of their oil and 35% of their natural gas by 2020—becoming more like Japan, which relies on imports for more than 95% of its oil and gas consumption.
The reasons for these shifts are different between emerging and developed economies. In China and India, oil demand growth from emergent middle classes will likely outpace domestic production, while OECD Europe will likely become more import reliant as a result of declining oil production in the North Sea.
Read more: http://1.usa.gov/1g1pCqW
Posted January 8, 2014
During Tuesday’s State of American Energy address, API President and CEO Jack Gerard sketched out a more secure energy future for the United States – based on increased access to domestic oil and natural gas reserves, industry technology and ingenuity and a business/investment climate that allows development to go forward.
Let’s focus on that last part, which is less a request for government to do something than simply asking it to avoid hindering safe and responsible energy development through misguided policies and overreaching regulation.
Posted January 8, 2014
Two big stories have caught our attention the past two days. First, America’s trade deficit has sunk to a four-year low thanks to falling U.S. imports and increasing exports:
- America’s Trade Deficit is Shrinking. Thank Fracking. http://wapo.st/1cB2eMg
- U.S. Growth Picture Brightens as Exports Hit Record: http://on.wsj.com/K71y72
- Trade Deficit Falls to 4-Year Low: http://lat.ms/1cP1AYf
- How the Booming Oil Patch Helps U.S. Trade: http://buswk.co/1lBmfXY
And second, the growing number of voices calling for ending the decades-old ban on U.S. crude oil exports:
- Murkowski Joins Growing Chorus Calling to Lift Ban on Crude-Oil Exports: http://bit.ly/1eHRzze
- Is Free Trade in Energy Finally on the Horizon? http://bit.ly/1cZzu0W
- U.S. Chamber CEO – End Ban on Crude-Oil Exports: http://bit.ly/1dgBjZ3