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Energy Tomorrow Blog

The $1 Trillion Choice

taxes  investments  energy  access 

Mark Green

Mark Green
Posted February 21, 2013

While the White House talks again about raising taxes on oil and natural gas companies, let’s look at a chart that captures the starkly different outcomes – in terms of revenue for government – from two policy paths: higher energy taxes vs. increased energy development:

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Following Through – On Natural Gas and Oil Permitting

regulation  natural gas  energy  access 

Mark Green

Mark Green
Posted February 15, 2013

Of the energy-related lines in the president’s State of the Union address earlier this week, none stood out more than this one:

“… the natural gas boom has led to cleaner power and greater energy independence. That's why my administration will keep cutting red tape and speeding up new oil and gas permits.”

Certainly, the president is right, that the development of natural gas – especially from shale, developed with hydraulic fracturing – and oil are a big part of shrinking imports and cleaner air.

First the environment. We’ll keep saying it: Increased use of natural gas is a major factor in the reduction of U.S. carbon emissions to 1992 levels, which is allowing the U.S. to lead the world in emissions reduction, according to the International Energy Agency – all while producing more than ever before.

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Oil, Natural Gas and Taxes - The Choice Revisited

taxes and revenue  energy  economy and energy  access 

Mark Green

Mark Green
Posted February 5, 2013

Energy is essential to running our economy and securing our standard of living.  At a very basic level we can get the energy we need in one of three ways: 1. We can produce it domestically; 2. U.S. companies can produce it abroad for sale in the U.S.; 3. Foreign companies can produce it abroad for sale in the U.S. Two of these three ways offer a clear advantage in creating American jobs, boosting the American economy and supplying revenue to American governments.

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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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Needed: ‘Political Wisdom’ to Manage America’s Energy Wealth

natural gas  energy politics  energy economy  domestic energy  access 

Mark Green

Mark Green
Posted January 16, 2013

America’s oil and natural gas industry is bullish on America, having delivered a direct stimulus to the U.S. economy in 2011 worth more than $545 billion in capital spending, wages and dividends, according to PricewaterhouseCoopers. That’s $1.5 billion a day in economic lift from developing oil and natural gas. And industry is ready to do more.

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Oil and Natural Gas Impact: 9.6 Million Jobs, $1.1 Trillion Added to GDP

natural gas  domestic energy  access  oil 

Mark Green

Mark Green
Posted January 16, 2013

A recent PricewaterhouseCoopers study reveals some important numbers about the U.S. oil and natural gas industry, in terms of employment, labor income and value added in 2011:

  • Industry supported 9.6 million jobs.
  • More than $580 billion was paid in labor income, and industry’s estimated total addition to U.S. GDP was $1.1 trillion, accounting for 7.3 percent of the national total.
  • Industry invested about $292 billion in capital expenditures and paid out $28.7 billion in dividends to the real owners of America’s oil and natural gas companies – including dividends paid to retirement plans.

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Put American Energy to Work for Americans

regulation  policy  oil  natural gas  domestic energy  access 

Mark Green

Mark Green
Posted January 11, 2013

U.S. Chamber of Commerce President and CEO Tom Donohue in his annual State of American Business address, rightly identifying American-made energy as a critical to broad economic recovery and to solving the nation’s fiscal problems:

“Today, 23 million Americans are unemployed, underemployed, or have stopped looking for work. A record 47 million people are poor enough to be on food stamps. Median family income has dropped to 1995 levels—so we’re going backward. … From top to bottom we need more success in America. We need to nurture success, empower it, reward it, and celebrate it. … Proceeding swiftly and responsibly to develop more American energy can help us immeasurably with our fiscal problems, but it can also do so much more for our country.”

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Lease Auction: There’s More Where That Came From

industry taxes  energy policy  domestic energy  access 

Mark Green

Mark Green
Posted December 3, 2012

The federal government says it expects to take in $133.8 million in high bids for drilling rights in the western Gulf of Mexico from last week’s lease auction – a sale that underscored the oil and natural gas industry’s continued interest in deep-water development.

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Energy and Employment Gain

domestic energy  access 

Mark Green

Mark Green
Posted November 29, 2012

These are just two instances where the oil and natural gas industry is leading economic opportunity, creating jobs, boosting employment. And it can do more. With more domestic resource areas opened to drilling – conventional as well as shale drilling using hydraulic fracturing – a common-sense approach to regulation and policies that encourage energy investment, our industry could create 1.4 million new jobs and generate $800 billion in additional revenue for government by 2030.

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MIT: The Facts On Fracking Methane Emissions

natural gas  fracking  environmental impact  energy policy  domestic energy  access 

Mark Green

Mark Green
Posted November 28, 2012

A new MIT study shows that the extraction of shale gas through hydraulic fracturing emits only a fraction more methane into the air than conventional gas drilling

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