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Energy Tomorrow Blog

Imports Fall as America’s Energy Revolution Grows

oil and natural gas production  domestic production  access  economic growth 

Mark Green

Mark Green
Posted April 2, 2014

The U.S. Energy Information Administration (EIA) reports that total net U.S. energy imports declined last year to their lowest level in more than 20 years – reflecting two energy positives for America: growth in domestic oil and natural gas production and increased exports of finished petroleum products. EIA:

Total U.S. net imports of energy, measured in terms of energy content, declined in 2013 to their lowest level in more than two decades. Growth in the production of oil and natural gas displaced imports and supported increased petroleum product exports, driving most of the decline. A large drop in energy imports together with a smaller increase in energy exports led to a 19% decrease in net energy imports from 2012 to 2013.Total energy imports declined faster—down 9% from 2012 to 2013—than in the previous year, while export growth slowed. Crude oil production grew 15%, about the same pace as in 2012, which led imports of crude oil to decrease by 12%, accounting for much of the overall decline in imports.

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Shale Natural Gas and Oil: Moving and Shaking the Energy Field

oil  natural gas  hydraulic fracturing  domestic production  access 

Mark Green

Mark Green
Posted January 3, 2013

Kevin Bullis, MIT Technology Review’s senior editor for energy, has a piece noting that the most significant advances in the energy field the past year resulted from surging natural gas and oil production from shale via hydraulic fracturing – an impact Bullis says is unlikely to be unsurpassed by other energy sectors in the near future:

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Drilling Safety, Energy Security

center for offshore safety  domestic energy  domestic energy security  domestic exploration  domestic production  energy supply  gulf of mexico  oil access  oil production  spill response  oil safety  oil spill prevention and response  oil spill response  oil spill prevention 

Jack Gerard

Jack Gerard
Posted May 25, 2011

Our industry's longstanding commitment to safe operations was questioned by some after last year's tragic spill in the Gulf of Mexico. Today, we have more than 20 industry groups working concurrently on improving spill prevention and response. Oil companies are committing resources in the form of dollars, time and expertise to ensure that these improvements are implemented.

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More of Our Own Energy

domestic energy  domestic production  energy policy  state of the union  domestic oil 

Jack Gerard

Jack Gerard
Posted March 3, 2011

The American oil and natural gas industry is one of the few sectors that have remained healthy throughout most of the recent recession. We can help create the jobs Americans need and supply domestically the energy Americans use -- all while helping address federal deficits.

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Fire Doesn't Support Calls for the Moratorium

deepwater horizon  demand  domestic energy  domestic production  energy policy  gulf  moratorium  spill response  offshore platform 

Jane Van Ryan

Jane Van Ryan
Posted September 3, 2010

A fire on an offshore platform in the Gulf of Mexico created a media furor yesterday. Several of the initial news reports contained inaccuracies that tended to exacerbate America's heightened awareness of--and sensitivity to--offshore drilling. The reaction was predictable: Politicians demanded answers, and environmental groups called on the government to keep the drilling moratorium in effect.

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Sound Policy Key to Ensuring Energy Security

us energy security  domestic production  federal leases  saudi arabia 

Dean Foreman

Dean Foreman
Posted January 1, 1

One of the great benefits of increased U.S. oil production over the past decade and a half is strengthened U.S. energy security – decreased reliance on foreign oil suppliers and insulation for American consumers against sudden price increases due to geopolitical events, such as last weekend’s attacks on Saudi Arabian oil facilities

Years ago, an episode like that could’ve caused serious alarm in the United States and globally. Yet, the apparent lack of significant or enduring oil price movement following last weekend’s attack shows the tremendous influence U.S. oil production has had on global markets. The same was true after missile attacks on Saudi facilities in 2019 (see here), which substantially reduced Saudi Arabia’s oil exports for a short period. Both events and their aftermath indicate that U.S. domestic production has largely mitigated the price volatility historically associated with serious geopolitical events.

Still, some cautions are in order. 

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