Energy Tomorrow Blog
Posted November 3, 2014
About a month ago, API President and CEO Jack Gerard stressed the importance of taking a comprehensive approach to develop new federal rules to govern the shipment of crude oil by rail – the soundest way to improve the North American rail network’s already strong 99.998 percent success rate:
“API supports a rule that ultimately improves the safety of rail transportation in North America through a holistic approach while allowing for the continued growth of the energy renaissance that has created and supported millions of jobs across the U.S. and Canada.”
The goal is realizing actual safety improvement. Industry is highly motivated in the quest for safety. Hess Corporation’s Lee Johnson, rail logistics advisor:
“My view has always been that I think the oil industry is maniacally focused on safety because of the consequences of failure in anything. … Everybody is very safety conscious, safety trained and well-equipped.”
With those stakes, developing the best safety rules possible is the objective. Industry believes improving safety is a multi-faceted endeavor – requiring enhanced prevention, mitigation and response measures – and it should be science-based.
Posted September 26, 2014
Let’s talk energy infrastructure, focusing on the pipelines and the fuel storage and dispensing facilities in this country that keep commercial jetliners in the air and our vehicles moving on the roads and highways.
Part of that system is visible in suburban Washington, D.C., at the terminus for Kinder Morgan’s 3,100-mile Plantation Pipeline network (left) and the neighboring Newington Terminal, which API staff members toured recently.
Posted September 15, 2014
It’s one thing to talk about energizing the U.S. economy, it’s another to walk the talk. America’s oil and natural gas industry is doing that, with four companies ranked in the top 10 of the Progressive Policy Institute’s list of leaders in U.S. capital spending in 2013.
ExxonMobil ($11.07 billion), Chevron ($10.56 billion), ConocoPhillips ($6.35 billion) and Occidental Petroleum ($5.5 billion) ranked in the top 10 in U.S. capital spending – expenditures for plants, property and equipment. Also significant: The same four are in the top 10 of cumulative U.S. capital spending over the three years (2011-2013) PPI has compiled its “investment heroes” list.
Posted August 14, 2014
Energy figures to be an important voting issue come November in a number of key states, new polling indicates. In separate surveys conducted by Harris Poll registered voters in Florida, Missouri, New York, New Jersey and Pennsylvania – 70 percent or more in each state – said they are more likely to favor a candidate who supports increasing oil and natural gas production and energy infrastructure.
Another result that could generate traction in this fall’s elections: More than 60 percent of registered voters in each of the states said they think the federal government doesn’t do enough to encourage the development of the nation’s energy infrastructure.
Posted July 15, 2014
Three keys to a true, all-of-the-above energy policy: increasing access to U.S. energy reserves, implementing sound regulatory policies and creating an environment that fosters investment in energy innovation and development.
Government has an important role to play in all three. While it can’t create an energy revolution like the one occurring in the United States today, it can help sustain and grow it. Unfortunately, government also can hinder it – with limited vision, misplaced priorities and poor policy choices.
Thus, “architecture of energy abundance” remarks by U.S. Rep. Fred Upton at this week’s U.S. Energy Information Administration (EIA) energy conference are particularly timely.
Posted June 26, 2014
It’s good to see the U.S. House of Representatives advancing a true all-of-the-above energy strategy with legislation that would help increase access to domestic reserves, promote common-sense regulation and reasonable permitting policies, foster development of key energy infrastructure and capitalize on America’s energy superpower status.
All are elements in a working, all-of-the-above approach to energy. Combined with energy from coal, nuclear and renewables, increased development of American oil and natural gas and associated infrastructure will keep our economy and country running – today and tomorrow.
Posted June 3, 2014
Reuters: Rising U.S. imports of crude oil from Canada's oil sands have not increased greenhouse gas emissions from the country's oil refineries because they have been offset by refining of cleaner domestic crudes, a report from a private sector think tank said on Monday.
The report, from industry consultants IHS CERA, comes as the Obama administration moves to cut greenhouse gas emissions from the U.S. power sector by 30 percent from 2005 levels by 2030, under new rules aimed at reducing America's longstanding reliance on burning coal to generate electricity.
The oil sands sector has faced frequent criticism from environmentalists concerned about greenhouse gas emissions. U.S. imports of carbon-rich Canadian oil-sands crudes grew by 900,000 barrels per day to more than 2 million bpd between 2005 and 2012, according to the IHS CERA report.
It said they did not result in higher greenhouse-gas intensity from the energy sector, however, as other crudes imported from abroad were supplanted by so-called tight oil from domestic shale-oil deposits.
Posted May 22, 2014
Energy and economic prosperity go together – on that most Americans agree. New polling finds strong majorities ofregistered voters connect exporting natural gas and new job creation, trade deficit reduction and a stronger economy.
The results mirror findings in other recent surveys on energy infrastructure investment and construction of the Keystone XL pipeline. All together, they tell decision makers to choose pro-energy development and investment policies to put more Americans to work and to make America stronger in the world today.
Posted May 8, 2014
Highlights from API President and CEO Jack Gerard’s remarks at the 2014 International Oil Spill Conference (IOSC) in Savannah, Ga.:
- The United States’ rise to energy superpower status, built on surging oil and natural gas production, will demand increased energy infrastructure.
- Greater demand for energy will spotlight the oil and natural gas industry’s ability to develop reserves, but also how well industry transports and stores the energy it produces.
- Continuing to add to and improve industry’s ability to prevent and prepare for spills, as well as its response if incidents occur, will be key to sustaining America’s oil and natural gas renaissance.
Posted May 2, 2014
The number of direct jobs in oil and natural gas extraction has grown 7.2 percent since April last year, more than four times the growth rate in all U.S. jobs, according to BLS. The word for that kind of growth – in the midst of an economy still trying to heat up – is wow!
Now, keep in mind that the BLS data line for “oil and gas extraction” covers only part of industry’s upstream (pre-refining) segment. Scroll down a few lines in this BLS table to find direct jobs supporting oil and natural gas operations – such as building and dismantling field rigs, core drilling services, hydraulic fracturing services and much more – and you see dynamic growth there as well, 6.3 percent from April last year through March, the most recent data month available. Wow again.