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Energy Tomorrow Blog

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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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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Our Shale Energy Future

lng exports  lng  energy policy  domestic energy 

Mark Green

Mark Green
Posted December 27, 2012

The continuing debate over America’s shale energy wealth – both natural gas and oil – boils down to this: Will we safely and responsibly develop those resources with cutting-edge fracking technology or fumble away an historic chance to take greater control over our energy future by leaving those resources in the ground?

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LNG Exports, Growing U.S. Energy Opportunity

natural gas  lng exports  trade  us energy security  russia 

Mark Green

Mark Green
Posted January 1, 1

A couple of new data points from the government show the importance of U.S. liquefied natural gas (LNG) exports to America’s trading posture and its global energy security role as a growing supplier of natural gas. First, the U.S. Energy Information Administration (EIA) reports that the U.S. exported more natural gas than it imported in three of the first five months of this year – February, April and May – which is historic since the U.S. has been a net importer (on an average annual basis) for nearly 60 years. In addition, EIA projects that the U.S. will be a net natural gas exporter for the year in 2017.

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