Energy Tomorrow Blog
Posted June 8, 2018
Our industry supports increased access to America’s offshore natural gas and oil. The benefits promise to be broad for coastal states and the entire country. Responsible development is safe, well-regulated and compatible with other uses, including those of our military.To advance the nation’s strategic interests that are tied to careful offshore natural gas and oil, API this week announced the launch of “Explore Offshore,” a diverse coalition of more than 100 local leaders, community organizations, businesses and associations from five Atlantic and Gulf Coast states that supports increased offshore access.
Posted May 16, 2018
For some time we’ve stressed that offshore oil and natural gas production is compatible with a variety of other ocean uses such as fishing and tourism – and most significantly, with the U.S. military’s need for open-water areas to conduct training exercises, advanced weapons testing and the like. Industry has a long track record of developing offshore energy in a manner that successfully coexists with the military’s needs in the Gulf of Mexico and other areas.
The same would be true in the Eastern Gulf of Mexico if a moratorium on offshore development there, in place since 2006, is allowed to expire in 2022 – creating access to key new areas for safe exploration and development of strategically important oil and natural gas. A new analysis by the Defense Department agrees.
Posted March 23, 2018
Safely tapping America’s offshore natural gas and oil reserves could provide billions of dollars for the economies of coastal states – a big reason why the needs and voices across entire states, not just their coastal areas, must be considered in the offshore energy conversation.
For example, federal revenue sharing could help transform state economies by sending billions in royalties, rentals and fees to state coffers. By putting revenue-sharing programs in place – like those already working for the states of Alabama, Louisiana, Mississippi and Texas – North and South Carolina, Virginia, Florida, Georgia and other states could benefit from offshore energy development.
Posted February 27, 2018
A fact-based conversation about America’s offshore strategy is critically important as policymakers make decisions that affect all Americans. Underscore the words “fact-based conversation.” While there’s passion associated with this issue, emotion can get in the way of sound policy – which is what we need for America’s energy and national security. Our vast offshore oil and natural gas potential has strategic, long-term importance and should be addressed accordingly with all voices, not just the loudest ones, heard.
Posted January 25, 2018
Posted January 19, 2018
The past week or so we’ve talked a lot about how natural gas and oil help Americans power past the impossible – meeting the challenges of today and building a path to a better future. See API’s 2018 annual report, check out our keynote video and listen to API President and CEO Jack Gerard’s State of American Energy remarks. All point to the positive momentum for our nation provided by secure, abundant energy. Now, how do we keep it going? Gerard, speaking at the U.S. Energy Association’s State of the Energy Industry Forum, focused on three critical points for sustaining America’s energy renaissance.
Posted January 4, 2018
Let’s push back a bit on an emerging narrative that suggests the Trump administration’s recent actions to revoke or revise federal rules on natural gas and oil development are part of an anti-regulation movement prompted by our industry that weakens safety and environmental protections.
It’s a false narrative. Industry supports effective regulation that fosters safety and protects the air, land and water – rules that are clear, with tangible benefits that warrant costs and that work in concert with safe and responsible energy development. This goal of effective regulation is advanced by eliminating duplicative and potentially counterproductive rules.
Posted December 11, 2017
Soon, the Interior Department is expected to release its draft offshore leasing program that will shape natural gas and oil development on the federal outer continental shelf (OCS) for the next five years, 2019-2024. Recognizing that the leasing program only outlines where lease auctions could be conducted, let’s take a look at some offshore basics to provide full context to a process that’s critically important to our country’s future energy security.
Posted November 1, 2017
A sensible, safe and forward-looking offshore energy strategy – one that acknowledges that keeping 94 percent of federal offshore acreage off limits to responsible development risks U.S. energy security – underscores the need for reliable scientific data to establish the size and location of offshore oil and natural gas reserves, through safe seismic testing. Every other discussion about where offshore development may occur in the years ahead is premature until the resource base is known. In this context, a recent claim that U.S. military priorities and offshore energy development in the Atlantic Ocean are mostly incompatible is just plain silly.
Posted October 12, 2017
What we see here are the outlines of a serious disconnect between current U.S. offshore policy and reality – that with the U.S. and the world projected to see significant growth in energy demand, the United States has more than 90 percent of its offshore reserves locked away, unavailable even for the studies and tests needed to determine the potential size and location of those reserves.Given the long lead times needed to develop the offshore, the United States’ current policy posture needs a course correction.