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Energy Tomorrow Blog

This is What an Energy Superpower Looks Like

oil and natural gas production  domestic energy  crude markets 

Mark Green

Mark Green
Posted August 27, 2014

The U.S. Energy Information Administration (EIA) has a chart showing what a number of experts have been saying – that America’s domestic energy surge has countered a rise in unexpected supply disruptions around the globe in recent years.

EIA says U.S. liquid fuels production – including crude oil, hydrocarbon gas liquids, biofuels and refinery processing gain – grew by more than 4 million barrels per day (bpd) from January 2011 to July 2014. Of that total, 3 million bpd was growth in crude output. Over the same period unplanned global supply disruptions as calculated by EIA grew by 2.8 million bpd. The result is a more stable global market for crude.

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State Polls: Energy Important to Voters

vote  domestic energy development  oil and natural gas production  infrastructure  poll 

Mark Green

Mark Green
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 FloridaMissouriNew YorkNew 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.

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Energy, Exports and an Improving U.S. Trade Balance

energy exports  domestic energy development  trade  petroleum products 

Mark Green

Mark Green
Posted February 7, 2014

Big news from the Commerce Department this week is that U.S. exports rose to a new high in 2013 and imports dropped to their lowest level since 2009 for the smallest U.S. trade deficit since 2009 – thanks largely to reduced oil imports due to growing domestic production and record exports of products made from petroleum. The Wall Street Journal (subscription required) reports:

A booming domestic energy industry is largely responsible for the turnaround. Not adjusted for inflation, the value of petroleum exports—a category that includes gasoline, kerosene, lubricants, solvents and other products—reached a full-year peak in 2013. Petroleum imports, by value, were the lowest since 2010 and the volume of crude-oil imports, at 2.8 billion barrels, were the lowest since 1995.

Bloomberg reports the U.S. trade gap narrowed to $471.5 billion last year from $534.7 billion in 2012, with the trade balance on petroleum products shrinking to 20.2 percent, the biggest decline in four years.

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World Energy Outlook

energy development  energy demand  iea  domestic energy development  access  oil production 

Mark Green

Mark Green
Posted December 3, 2013

International Energy Agency (IEA) Chief Economist Fatih Birol was at CSIS this week, highlighting the organization’s findings in its 2013 World Energy Outlook. The report focuses on global energy demand growth, the future energy mix and the sources of energy. Key takeaways from Birol’s presentation:

  • The United States could become the world’s leading oil producer as early as 2015, two years earlier than IEA projected a year ago, Birol said.
  • About two-thirds of the growth in global energy demand between now and 2035 will come from Asia.
  • U.S. energy production, especially surging natural gas output from shale via hydraulic fracturing, is creating energy cost differentials that make American products more competitive in the global market.

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Have a High-Energy Halloween!

job growth  jobs creation  domestic energy development  pipeline construction 

Mark Green

Mark Green
Posted October 31, 2013

Wishing everyone a safe and happy Halloween! And, thanks to America’s enormous wealth of oil, natural gas and other energy sources, plus investment and ingenuity supplied by the oil and natural gas industry, it is a high-energy Halloween. No tricks, just treats.

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Virginia: Yes to Offshore Drilling, More Energy

domestic energy access  offshore drilling  regulation 

Mark Green

Mark Green
Posted October 15, 2013

Virginia is among Mid-Atlantic states under federal consideration for offshore seismic surveying for oil and natural gas. Policymakers should be mindful of a new poll showing that a wide majority of Virginians – 67 percent – favor offshore drilling, as well as increased production of domestic oil and natural gas overall.

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Let's Have A Parade

energy information administration  crude oil  crude oil production  oil imports  energy access  domestic energy reserves 

Mark Green

Mark Green
Posted March 21, 2013

New from the U.S. Energy Information Administration:

Monthly crude oil production in the United States is expected to exceed the amount of U.S. crude oil imports later this year for the first time since February 1995. The gap between monthly U.S. crude oil production and imports is projected to be almost 2 million barrels per day (bbl/d) by the end of next year—according to EIA's March 2013 Short-Term Energy Outlook.

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On LNG Exports, Let’s Stick to the Facts

domestic energy  exports  lng  liquefied natural gas 

Mark Green

Mark Green
Posted January 28, 2013

The campaign against the free trade of U.S. liquefied natural gas (LNG) generally goes down a few of tracks:

  • Consumers will be hurt as “excessive” LNG exports stretch demand, making natural gas more expensive here at home.
  • Blocking or restricting LNG exports will best fuel U.S. economic growth.
  • The federal government needs to prevent “unrestricted” or “unlimited” LNG exports.

Fortunately, this doesn’t have to be one opinion against another. The U.S. Energy Department has a recent, comprehensive study on these issues in hand, in addition to reports and studies by other reputable organizations. The conclusions, based on scholarly research, should guide the federal decision on licensing the construction of LNG export facilities – more than a dozen of which are awaiting approval.

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LNG Exports for U.S. Jobs, Economic Growth, Trade

trade  lng  exports  energy policy  energy economy  domestic energy development 

Mark Green

Mark Green
Posted January 25, 2013

This week API, on behalf of the U.S. oil and natural gas industry, furnished comments on the Energy Department’s 2012 study of the impact of exporting U.S. liquefied natural gas (LNG). You can read them in full here, but let’s cover some of the main points.

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VIDEO: ‘What Is To Be Done? Let The Private Sector Do It.’

energy economy  energy development  domestic energy  access 

Mark Green

Mark Green
Posted January 22, 2013

More video interviews from the recent State of American Energy event in Washington, D.C. In this clip Devon’s Richard Sawaya and Paula Jackson, interim president and CEO of the American Association of Blacks in Energy, talk about energy development under pro-growth policies as a dynamic economic engine

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