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Energy Tomorrow Blog

Energy Today – June 17, 2013

exports  oil production  hydraulic fracturing  lng exports 

Mary Leshper

Mary Schaper
Posted June 17, 2013

Washington PostWhy We Should Speed U.S. Gas Exports

In an op-ed for the Post, U.S. Sen. John Barrasso of Wyoming writes that the United States has a rare opportunity through natural gas exports to simultaneously create jobs, strengthen our foreign policy hand and help allies abroad. “Make no mistake: Our allies need energy to grow,” he writes. “If the United States does not supply that energy, someone else will.”

The TelegraphU.S. Having Real Energy Revolution with Oil Surge

“Despite disruptions to oil supply in Africa and parts of the Middle East, rising US output ensured that global oil production continued to grow,” writes Garry White.

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Building Momentum for LNG Exports

lng exports  energy  natural gas 

Mark Green

Mark Green
Posted May 13, 2013

The Associated Press has this look at momentum for exporting U.S. natural gas, driven by an abundance of natural gas from shale via hydraulic fracturing. Bill Cooper, president of the Center for Liquefied Natural Gas, tells AP:

“LNG exports are a huge opportunity for the United States economy, our workers and our geopolitical relationships with countries such as Japan that are seeking to import natural gas. LNG exports will create jobs, increase government revenue and benefit consumers.”

Cooper is right. Studies – like this one for the Energy Department and this one by ICF International – show how America’s wealth in natural gas from shale could support demand here and overseas, to America’s benefit in terms of job and economic growth.

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Energy Today – April 19, 2013

emissions  energy  lng exports  hydraulic fracturing  natural gas 

Mary Leshper

Mary Schaper
Posted April 19, 2013

Forbes LNG Exports Would Have Minimal Impact on U.S. Prices

Although some say exporting U.S. natural gas would increase domestic prices, a Deloitte analysis says “the impact domestically is small in terms of upward price movement, and the impact (of exports) on the economy is very large… So exporting should be a good idea.”

Wall Street JournalRise in U.S. Gas production fuels Unexpected Plunge in Emissions

Last year, the paper reports, 30 percent of power in the U.S. came from natural gas, up from 19 percent in 2005, driven by hydraulic fracturing and horizontal drilling that have unlocked large and inexpensive new supplies of the fuel. This increase in natural gas production has helped drop  U.S. CO2 emissions to their lowest level since 1994.

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Energy Today – March 21, 2013

energy  hydraulic fracturing  lng exports  natural gas 

Mary Leshper

Mary Schaper
Posted March 21, 2013

U.S. News and World Report – U.S. Oil Production Set to Surpass Imports for First Time in 20 Years

Thanks in large part to surging production from shale via hydraulic fracturing, America’s domestic energy production  is projected by the government to reach another milestone: outpacing imports for the first time since 1995. EIA projects oil production will be 2 million barrels a day higher than imports by the end of next year.

Platts – U.S. Energy Industry Must Oppose Efforts to Restrict LNG Exports

"Proposals to block LNG investments ... represent a selective and harmful departure from the free market and free trade principles,” ExxonMobil Chemical President Stephen Pryor said at an IHS petrochemical conference this week. Platts has more on natural gas development and exports.

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Better Data for Better Decisions on LNG

department of energy  development  employment  lng exports  natural gas supply 

Erik Milito

Erik Milito
Posted March 15, 2013

Opponents of a free market for natural gas have been trumpetinga new study which purports to show that LNG exports would be an economic negative for the United States. This flies in the face of analysis done by the Department of EnergyThe Brookings InstituteICF International and others which showed that to boost economic activity open markets are the way to go. So we took a look at the study to figure out why their conclusions are not consistent with other industry or government projections. We found some serious biases and inconsistent assumptions added up to a fatally flawed report. Here are a few specifics.

The employment impact analysis is flawed because it assumes no incremental natural gas production.

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Job Creation, Economic Benefits Argue for LNG Exports

natural gas  lng  exports 

Mark Green

Mark Green
Posted February 25, 2013

New analysis by the consulting firm ICF International indicates significant potential economic benefits from the export of U.S. liquefied natural gas (LNG):

  • An average across the studied cases of 213,000 new jobs supported by LNG exports from 2015 to 2035.
  • An average across the studied cases of 24,000 new jobs in the manufacturing sector over the same period.
  • More than $720 billion in cumulative economic growth over the same period.
  • An additional 291,000 barrels per day in natural gas liquids – the critical feedstock for chemicals and other industrial sectors – by 2035.

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Senators Push for LNG Exports

trade  lng  exports 

Mark Green

Mark Green
Posted February 22, 2013

A bipartisan group of U.S. senators has written Energy Secretary Steven Chu, urging the government to support liquefied natural gas (LNG) exports for the good of our economy and to improve our trade balance. Key points in their reasoning:

  • Increasing demand for U.S. natural gas will be easily met by increases in production. The letter cites U.S. Energy Information Administration projections that a 20 percent increase in domestic natural gas demand between now and 2040 will be fully offset by a 40 percent increase in production.
  • Domestic production will be stimulated if producers have greater access to U.S. natural gas reserves onshore and offshore – as well as greater access to “consumption markets.” This will bring job creation, economic growth and generate an in-flow of revenue from abroad.
  • Artificial restraints on the marketing of U.S. natural gas tend to inhibit future investment in development.

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State of the Union: The Thinking Game

state of the union  lng exports  keystone xl  fracking  energy  oil 

Mark Green

Mark Green
Posted February 12, 2013

OK, so here’s the deal: Seldom is the annual State of the Union message going to be confused with the Gettysburg Address for lyric quality. Historically, presidents use the speech to set out detailed policy agendas. As listeners seek focus during an oration that might stretch an hour or more, we’re here to help.

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Two Charts, One Message on LNG Exports

trade  natural gas  lng exports  energy 

Mark Green

Mark Green
Posted February 4, 2013

Why isn’t the world’s leading producer of natural gas also its leading exporter – or at least among the world’s top exporters? The answer is nearly as simple as the first two: Because so far we’re not taking full advantage of our resources by recognizing the export opportunities out there and working to supply them.

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LNG Exports for U.S. Jobs, Economic Growth, Trade

trade  lng  exports  energy policy  energy economy  domestic energy development 

Mark Green

Mark Green
Posted January 25, 2013

This week API, on behalf of the U.S. oil and natural gas industry, furnished comments on the Energy Department’s 2012 study of the impact of exporting U.S. liquefied natural gas (LNG). You can read them in full here, but let’s cover some of the main points.

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