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Energy Tomorrow Blog

Pro-Development Energy Policies Will Spread the Energy Wealth

american energy  energy policy  imports  keystone xl pipeline  fracking 

Mary Leshper

Mary Schaper
Posted January 22, 2014

Major Economies’ Reliance on Oil and Natural Gas Imports Projected to Change Rapidly 

Changing Import Reliance

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

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Time to Energize the Economy

regulation  permitting  investment  keystone xl pipeline  renewable fuel standard 

Mark Green

Mark Green
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.

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Good News in Energy: A Shrinking U.S. Trade Deficit and Continued Export Opportunities

trade  exports  jobs  fracking  carbon emissions  keystone xl pipeline 

Mary Leshper

Mary Schaper
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:

And second, the growing number of voices calling for ending the decades-old ban on U.S. crude oil exports:

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State of American Energy 2014

soae 2014  state of american energy  oil and natural gas development  keystone xl pipeline  hydraulic fracturing  shale benefits  regulation 

Mark Green

Mark Green
Posted January 7, 2014

API President and CEO Jack Gerard’s annual State of American Energy address put surging U.S. oil and natural gas production into context, saying that it has created a generational opportunity to secure this country’s energy future – an opportunity that would have been unimaginable just a few years ago. Gerard:

“Our future is ultimately of our own design. … We will decide if America continues its march toward global energy leadership – a once-in-a-generation choice – or remains content to play a supporting role in the global energy market. We can erase what for decades has been America’s greatest economic vulnerability – our dependence on energy sources from other continents, particularly from less stable and friendly nations – and fundamentally alter the geopolitical landscape for decades to come, all while providing a much needed boost to our economy. But only if we get our energy policy right.”

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Issues Shaping the State of American Energy, 2014

oil and natural gas development  keystone xl pipeline  ethanol  renewable fuel standard  hydraulic fracturing  fracking  energy exports  liquefied natural gas  lng exports  soae 2014 

Mark Green

Mark Green
Posted January 6, 2014

API hosts its annual State of American Energy event on Tuesday at the Newseum in Washington, D.C., and the discussion will focus on choices our country can make to increase energy development, grow jobs and the economy and make us more secure in the world. The event will be streamed live beginning at noon. Join in the conversation on Twitter by using the #SOAE14 hashtag.

The event comes at a time when policymakers are considering important energy issues, some of them framed in recent posts by the National Journal and Politico. At the top of our list of key energy issues:

Keystone XL pipeline

Federal consideration of TransCanada’s application for a cross-border permit passed the five-year mark last fall – which means the Keystone XL could have been built twice in the time the pipeline has been held up by Washington.

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Domestic Oil and Natural Gas Production Driving 2014 Energy Agenda

energy policy  exports  american energy  fracking  new york drilling moratorium  keystone xl pipeline  arctic 

Mary Leshper

Mary Schaper
Posted January 2, 2014

Shale-Oil Boom Puts Spotlight on Crude Export Ban

Wall Street Journal: The U.S. government virtually banned the export of crude oil in the wake of the mid-1970s energy crisis. But as America pumps more crude, 2014 could be the year those constraints are lifted.

For decades, even discussing the possibility of exporting domestic oil was a political nonstarter in Washington. Now, surging U.S. production has led to the beginning of a glut along the Gulf Coast, home to the largest refinery complex in the world. Too much crude is driving down prices there, making producers eager to export some of their oil to places like Europe where prices are higher.

Read more (subscription publication): http://on.wsj.com/1d2nGfN

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Energy Yesterday and Tomorrow

jobs  Jobs and Economy  oil and natural gas development  renewable fuel standard  e15  keystone xl pipeline  fracking 

Mark Green

Mark Green
Posted December 30, 2013

As 2013 nears its end, noting some of the year's most popular Energy Tomorrow Blog posts:

Jobs = Job 1

PwC’s latest detailing of the economic impacts of oil and natural gas activity ranked the highest in readership. And why not: It’s a great story. PwC found that in 2011, the last year for which complete data is available, the industry recorded these key numbers:

  • 9.8 million full- and part-time jobs supported, directly and indirectly.
  • $1.2 trillion added to the economy, accounting for 8 percent of the national total.
  • Nearly $600 billion contributed in associated labor income – including wages, salaries, benefits and proprietors’ income.

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Out With Bad Arguments – In With Energy Security

keystone xl pipeline  oil sands  canadian oil sands  job creation  oil and natural gas production 

Mark Green

Mark Green
Posted December 27, 2013

The long-delayed Keystone XL pipeline and whether President Obama will agree with a strong majority of Americans who believe that the full project is in the U.S. national interest landed on a couple of year-ending lists of top energy issues, here andhere, no doubt reflecting the politics surrounding the pipeline’s five-year federal review.

Much of politicizing has been fueled by opponents who say stopping Keystone XL will stop oil sands development. The U.S. State Department disagreed in its most recent review, citing key economic factors that argue oil sands will get to market with or without the Keystone XL. The dynamic already is at work.

Last week, Canada’s National Energy Board recommended approval of the Northern Gateway pipeline to bring as much as 525,000 barrels a day of oil sands from Alberta to British Columbia. At the same time others are making plans to build loading terminals to service oil sands-bearing railroad cars. Demand for supply is driving the infrastructure needed to deliver that supply.

The question for the U.S. concerns the impact of Washington’s never-ending deliberation over the Keystone XL, even as other infrastructure for delivering oil sands moves toward reality.

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Wishing You the Best This Holiday Season

american energy  energy reality  fracking  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted December 24, 2013

Christmas in the Bakken: North Dakota City Sees Growth from Fracking

Fox News: It’s Christmas in Boomtown.

Williston, N.D., is ground zero in America's energy renaissance, with six-figure salaries the norm and stunning prosperity that extends from the oil and gas derricks to the construction, sales and service industries. But for much of the burgeoning population that has converged on Williston and other towns on the Bakken Formation, Christmas will be spent where the jobs, not the loved ones, are.

Not so for Sherri Knapp and Elijah Moyo, who are reunited this year as Moyo settles in to his lucrative new life as a crane operator. Knapp has traveled north from Florida to join her husband as they make their new home in prosperous Williston.

“It’s wonderful. Things are a lot better,” Knapp told FoxNews.com. “Last year he came home two weeks before the holiday, but this year we will be together on Christmas.”

Read more: http://fxn.ws/1ifVvfl


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Americans Reaping the Benefits of America’s Energy Surge This Holiday Season

american energy  Energy Security  jobs  fracking  hydraulic fracturing  lng exports  keystone xl pipeline  regulations 

Mary Leshper

Mary Schaper
Posted December 20, 2013

Merry Christmas, Texas, From Your Oil and Gas Industry

Forbes: “Texas has recovered 100 percent of the jobs lost during the recession and added 597,000 beyond the previous peak in August 2008.”   – Texas State Comptroller Susan Combs

On Thursday, December 12, the Texas Comptroller’s Office released a report detailing the current state of the state’s budget.  The report was titled “Tracking the Texas Economy – Key Texas Economic Indicators”.  But given the content of the report, a better title might have been:

“Merry Christmas, Texas, From Your Oil and Natural Gas Industry”

According to the Comptroller, the state ended its 2012-2013 biennium with a surplus of more than $2.6 billion, almost three times the previously projected amount of $964 million.  The reason why?  Because the Texas oil and natural gas industry’s tax payments were more than $2 billion more than anticipated.

Read more: http://onforb.es/1i8lWU5

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