Energy Tomorrow Blog
Posted May 16, 2017
Energy is opportunity. Energy infrastructure allows opportunity to become reality by bringing the benefits of natural gas, oil and refined products to consumers – individuals, businesses and industrial users. Last week API released a new study detailing the extent of the many positives resulting from developing needed U.S. natural gas and oil infrastructure, out to the year 2035. These are measured in more than a trillion dollars in investments and economic growth, potentially generating more than 1 million jobs. This supports a vision of growth and prosperity that can touch every state in the union, not just those that are big energy producers.
Posted March 15, 2017
The solution is more natural gas pipeline capacity, by building new lines or by expanding existing ones. New England policymakers should foster infrastructure by considering fair and appropriate financing mechanisms to help pay for new projects and by working to build community support for safe and responsible project development. This is the sensible path to keep New England’s consumers from paying more than is necessary for their energy.
Posted October 28, 2016
Posted September 3, 2016
Posted July 1, 2016
When you see the significant economic, consumer and climate benefits to the U.S. from increased use of natural gas, it’s quite a puzzle when some won’t take “yes” for an answer – yes to lower energy costs, yes to infrastructure jobs, yes to carbon emissions reductions. Unfortunately for Massachusetts residents, that’s the path the state legislature appears to be taking. More below. First, a review of how clean-burning natural gas is making life better across the rest of the country.
Let’s start with reduced household energy costs, which are helping to lower Americans’ cost of living, according to the U.S. Energy Information Administration (EIA). In constant 2015 dollars, EIA says average annual energy costs per household peaked at about $5,300 in 2008 then declined 14.1 percent in 2014.
Posted May 18, 2016
The average American household has saved almost $750 in annual energy costs compared to 2008, according to recent data released by the U.S. Energy Information Administration (EIA). Greater availability of domestic oil and natural gas, made possible by hydraulic fracturing, has helped drive down prices for gasoline, electricity and home heating.
Keeping affordable, reliable energy moving to families and businesses requires infrastructure -- pipelines, storage, processing, rail and maritime resources. Candidates often make infrastructure development a centerpiece of their economic plans, promising to create jobs and modernize the U.S. transportation system by improving roads, bridges, rail networks and airports. Energy infrastructure should be on that list. Shovel-ready projects abound in the energy sector.
Posted May 16, 2016
We kick off “Infrastructure Week 2016,” a seven-day focus on America’s infrastructure needs, sponsored by more than 100 trade associations and business and labor groups, with a conversation API President and CEO Jack Gerard and Sean McGarvey, president of North America’s Building Trades Unions, had last week with reporters covering a range of infrastructure and energy policy issues. Highlights below.
Gerard and McGarvey framed the infrastructure discussion by pointing out the way new pipelines, pipeline expansions and other projects are needed to harness America’s energy revolution and spread the benefits of the new energy abundance – to consumers, workers, businesses and to the betterment of the environment – to all parts of the country.
Posted May 3, 2016
Two more data sets underscore the positive economic impact of America’s energy revolution and the relevance of the U.S. model of concurrent energy and economic growth, consumer benefits and climate progress.
First the consumer benefits part. The U.S. Energy Information Administration (EIA) reports that Americans’ cost of living is lower since June 2014, thanks to reduced household energy costs because of decreases in crude oil and natural gas prices. (Right here we’ll add that increased U.S. oil and gas production is a key driver in these declines that are benefiting consumers.)
Posted May 2, 2016
This wonderful domestic energy abundance and the global LNG market opportunities could be impacted by challenges facing infrastructure expansion here at home. America needs more energy infrastructure to move domestic supply to all areas of the country, for residential consumers, power generators and manufacturers. Yet, without stronger high-level backing, we could see these infrastructure needs delayed or rejected, as occurred last month with the proposed Constitution natural gas pipeline in New York.
Americans overwhelmingly support more energy infrastructure, and there appears to be bipartisan consensus for it in Congress. But infrastructure projects are being targeted by a vocal minority – even though increased domestic use of natural gas is the leading reason the United States is leading the world in reducing carbon emissions. A key going forward is gaining infrastructure support from the White House and the administration, said Marty Durbin, API’s executive director for market development.
Posted January 28, 2016
The U.S. Energy Information Administration (EIA) reports that a number of recently completed and soon-to-be-completed pipeline projects are expected to increase access to natural gas from the Marcellus and Utica shale regions, providing valuable linkage between production centers and consumers or export terminals.
We see the increase in natural gas pipeline capacity in the Northeast region, which is particularly critical because the Northeast has suffered negative effects from energy infrastructure limitations. EIA estimates that Northeast residents paid up to 68 percent more for electricity than the national average in the winter of 2014, while industrial users paid up to 105 percent more for electricity than the national average. Indeed, greater capacity is key to staving off economic penalties that could stem from insufficient infrastructure. One study estimated that failure to expand natural gas and electricity infrastructure in the Northeast could cost the region’s households and businesses $5.4 billion in higher energy costs and more than 167,000 private-sector and construction jobs between 2016 and 2020.
So this is good news for the Northeast, but also other regions.