Energy Tomorrow Blog
Posted September 18, 2013
In a piece in Forbes, contributor Michael Lynch writes that the Renewable Fuel Standard (RFS) is “one of the worst-designed government policies since we had caverns full of surplus cheese.” Yeah, that’ll leave a mark.
Yet, Lynch's characterization is on target in the case of the broken, out-of-touch RFS – with its ever-rising mandates for ethanol use that are propelling us toward the refining “blend wall” and potential harm to consumers and the broader economy. Bob Greco, API’s group director of downstream and industry operations, detailed the “reality gap” reasons the RFS should be repealed in a conference call with reporters – reasons that also back industry’s request that EPA reduce the total renewable fuels volume requirement to a level below 10 percent of overall gasoline demand for 2014.
Posted September 11, 2013
Obama Administration Allows More natural Gas Exports
Fuel Fix Blog: The Obama administration on Wednesday authorized a fourth company to broadly export U.S. natural gas, giving Dominion conditional approval to sell the fossil fuel abroad after processing it at a Maryland facility.
The Energy Department’s decision means that as long as it secures other required permits, Dominion Cove Point will be able to sell as much as 770 million cubic feet of natural gas per day for the next 20 years to Japan and other countries that do not have free-trade agreements with the United States.
With the Dominion Cove Point decision, the Obama administration has now authorized 6.37 billion cubic feet of liquefied natural gas to be sold to non-free-trade nations.
Read more: http://bit.ly/17QBo0W
Posted September 10, 2013
Posted August 21, 2013
USA Today: What New Energy Landscape Means to USA
When Mexican President Enrique Peña Nieto unveiled a plan recently to allow private investment in his nation's energy production, it received relatively little notice. But it is a very big deal. Mexican oil has been the province of a government controlled-monopoly since the industry was nationalized in 1938.
Adding private sector know-how could easily increase production by 25% or more in a decade as new drilling technologies are brought to bear. This would add to an equally positive and unanticipated development: the vast increase in oil and gas production in the USA and Canada.
Posted August 19, 2013
Posted August 16, 2013
USA Today – Our View: Ethanol Quotas Pump Money from Your Pocket
USA Today’s editorial says that the increasing ethanol mandate is “bad public policy” that the “Obama administration has some flexibility to lower mandates, but a better approach would be to repeal the law entirely.”
City Journal – The View from Marcellus
Hydraulic fracturing “brings breathtaking economic and environmental benefits – at least to places that welcome it,” writes James Panero. He also notes that in 2000, shale produced only 2 percent of our domestic oil and natural gas supply. According to government studies, 50 percent now comes from shale and unconventional sources.
Posted August 15, 2013
North Dakota blogger Rob Port comments on concerns voiced by the state’s mineral resources director: “It’s always been a hard sell to the public at large that North Dakota’s oil boom – the goose laying the golden eggs – isn’t a given. To ensure the boom is something more than a boom-and-bust, the state should be looking at simplifying the tax code.”
The Hill’s Energy & Environment Blog – EPA’s McCarthy: Responsible Natural Gas Production Key to Climate Strategy
EPA Administrator Gina McCarthy, speaking in Colorado: “Responsible development of natural gas is an important part of our work to curb climate change and support a robust clean energy market at home.”
Posted August 15, 2013
Posted August 14, 2013
National Journal – Infograph: Field of Pipes
NJ’s Amy Harder writes that “as Washington fights, pipes meant for Keystone XL collect dust.” The graphic provides perspective: More than 200 miles of pipe worth $200 million sitting in Gascoyne, N.D. waiting on approval of the 1,700-mile pipeline from Alberta, Canada to the U.S. Gulf Coast.
AEI Ideas Carpe Diem Blog– U.S. Oil Output Increased to 24-Year High in Just Two Years
Blogger Mark J. Perry notes a Department of Energy report that found U.S. oil output averaged 7.57 million barrels per day – the highest domestic crude oil output since 1989, and more than 22 percent higher than the same week last year. Perry: “That’s pretty amazing – thanks to advances in drilling technologies, it’s as if we’ve discovered all of Brazil’s vast energy resources right here in America.”
Posted August 13, 2013
In an effort to curb carbon emissions, Canadian energy companies have started converting CO2 into products – taking carbon dioxide from processing oil sands, mixing it with wastewater and fed to algae, which then can be turned into cattle feed and other products.
Washington Times – China Will Surpass U.S. in Oil Imports
According to EIA data, China will take over the top spot from the U.S. as the world’s largest importer of crude oil by October, the newspaper reports. This shift in the global oil market – the first time the U.S. will not be the top importer or oil since the 1970s – “could transform geopolitics” as the U.S. shale surge continues.