Energy Tomorrow Blog
Posted February 20, 2015
Posted January 9, 2015
Posted December 18, 2014
Posted November 18, 2014
Posted November 5, 2014
Wall Street Journal: Next year’s GOP-controlled Senate is expected to come out strongly against President Barack Obama ’s most consequential energy and environment policies, with the likely majority leader, Mitch McConnell of Kentucky, vowing to hold votes on the Keystone XL pipeline and legislation to pare back the administration’s proposed carbon emissions rules.
It is an open question how much headway Republicans can make, given the Senate’s 60-vote procedural threshold and the threat of a presidential veto. But centrist Democrats with home-state energy interests could align with Republicans to create bipartisan majorities on bills that Senate Majority Leader Harry Reid (D., Nev.) didn’t want to bring to the floor, including approving the Keystone XL pipeline, curtailing Environmental Protection Agency rules to cut carbon emissions and expediting federal reviews of natural-gas exports. The votes would put senators on the record in a way Mr. Reid often avoided.
Posted November 3, 2014
The Hill (Jack Gerard): With zero precincts reporting, we can confidently project American energy is a landslide winner in the 2014 midterm elections.
In many races, both Republican and Democratic candidates have gone out of their way this year to embrace pro-energy policies – to the point that it’s been almost impossible to tell who’s wearing red or blue on the campaign trail.
“When I disagree with the president, I stand up to him. Whether it is on oil or support for the Keystone XL pipeline.” That’s Virginia Democratic Sen. Mark Warner. In North Carolina’s Senate race, Democratic Sen. Kay Hagan made a point of saying “I disagree with the president. I think we need to build the Keystone pipeline.” That’s one thing she has in common with her Republican opponent, Thom Tillis, who states, “I strongly support the construction of the Keystone pipeline and favor expanding offshore drilling to make our nation less dependent on foreign oil.
Posted October 29, 2014
October marks a birthday for our friends at the U.S. Energy Information Administration (EIA). Forty years ago, October 1974, EIA issued its first Monthly Energy Review (MER) – a report loaded with energy-related data and charts that’s a must-read for folks who follow energy issues. EIA Chief Adam Sieminski:
That first MER was under 50 pages and featured 3 years of data focused on fossil fuels. Today, the MER is four times as large, features data extending back 65 years, and contains information on renewable energy, emissions, energy consumption by sector, and a host of other critical subjects. In a vastly more complex energy environment, the MER continues to integrate many kinds of energy data from a wide variety of sources into one product that provides policymakers, journalists, analysts, and other concerned citizens with a comprehensive look at integrated energy data in the United States.
Certainly, much has changed over four decades. America’s energy outlook has pivoted almost 180 degrees. Check out this snippet from that October 1974 inaugural issue of MER:
Posted October 20, 2014
Shale Boom Helping American Consumers as Never Before
Bloomberg: Oil traders might see the 27 percent slide in global prices as a bear market. For U.S. consumers, it’s more like an early holiday gift.
Posted October 16, 2014
More Precise, Efficient Drilling Makes U.S. World’s Largest Petroleum Producer
AEI Carpe Diem Blog: The Department of Energy (EIA) video above explains how the steadily increasing productivity of oil and natural gas wells in the US — thanks to the increasing precision and efficiency of horizontal drilling and hydraulic fracturing — is increasing US oil and gas production. The shale revolution has increased domestic energy production so much in recent years that the US is now the world’s largest producer of petroleum products and natural gas combined.
Posted September 29, 2014
Washington Post (Robert J. Samuelson): One of the economy’s good-news stories is the oil boom, a derivative of the natural gas boom. When the drilling techniques used to tap vast new reservoirs of natural gas were applied to oil, they yielded similarly astounding results. Since 2008, U.S. oil production has increased from 5 million barrels a day (mbd) to 8.3 mbd in 2014. The U.S. Energy Information Administration says it could go to 9.6 mbd by 2019.
By all logic, we should be working to sustain the boom. We aren’t, and therein lies a classic example of how good policy is held hostage to bad politics and public relations. What would promote continued exploration is a lifting of the current U.S. ban on exporting crude oil. Let producers sell into the world market. But that seems (wrongly) an unjustified giveaway to industry. The public perceptions are atrocious.