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Energy Tomorrow Blog

The Right Policies for Offshore Energy Progress

access  offshore development  oil and natural gas production  safe operations  vote4energy 

Mark Green

Mark Green
Posted April 14, 2016

Take a look at details of API’s energy policy recommendations to the two political parties from this week’s Vote4Energy event. They include access to oil and natural gas resources and an approach to oversight that fosters the goal of safe and responsible energy development.

Access is critically important, especially when you’re talking about developing offshore oil and natural gas reserves. Today, 87 percent of offshore acreage under federal control remains off limits to energy development. 

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Our Candidate: Energy

election  energy policy  oil and natural gas production  Jack Gerard 

Mark Green

Mark Green
Posted April 13, 2016

There’s a candidate in the 2016 campaign that’s a true unifier, a candidate reflecting the views of an overwhelming number of Americans and one that’s capable of being a sturdy bridge between Washington’s partisan interests:

Energy.

As the 2016 general election campaign season approaches, API this week unveiled its energy policy recommendations for the platform-writing committees of the Democratic and Republican parties. More on these below.

First, let’s focus on the United States’ current energy reality and the once-in-a-generation opportunity the U.S. energy revolution is providing for security and prosperity, which API President and CEO Jack Gerard described as the context for industry’s platform report during a briefing and discussion event in Washington.

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Methane Regulations Not Based on Science

methane emissions  oil and natural gas production  hydraulic fracturing  carbon dioxide  regulation 

Jack Gerard

Jack Gerard
Posted March 30, 2016

Methane emissions have dropped significantly. Since 2005, emissions from field production of natural gas have dropped 38 percent, and emissions from hydraulically fractured natural gas wells have plunged 79 percent.

These facts bear repeating in light of the Obama administration’s announcement that it is pursuing yet another set of methane regulations. Not only are the additional regulations duplicative and unnecessary, given industry’s success in reducing emissions under current regulations, but the new rules could actually undermine progress.

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America’s Fracking Energy Progress

hydraulic fracturing  fracking  oil and natural gas production  economic growth  carbon dioxide emissions 

Mark Green

Mark Green
Posted March 29, 2016

A quick list of some of the benefits realized by the United States thanks to modern hydraulic fracturing and advanced horizontal drilling:

Surging oil and natural gas production

The United States is the world’s leading producer of oil and natural gas, resulting in lower oil imports and an opportunity for the U.S. to compete with other producers in the global market.

According to the U.S. Energy Information Administration, oil production from safely fractured wells totaled more than 4.3 million barrels per day in 2015, about half of all U.S. oil output.

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Offshore Energy, Off Limits Policy

offshore energy  oil and natural gas production  ocs leasing plan  atlantic ocs 

Mark Green

Mark Green
Posted March 15, 2016

With the Obama administration’s decision not to include the Atlantic in the next federal offshore leasing program, let’s connect some dots that put this unfortunate decision in a fuller context – one where the administration is choosing retreat instead of progress with its energy strategy.

First, America’s energy revolution is a once-in-a-generation opportunity that has put this country on a path toward economic growth, consumer benefits, environmental progress and a more secure energy future. Yet, omitting the Atlantic from the five-year leasing program that will largely guide offshore development from 2017 to 2022 is retreat, not progress, in efforts to produce more energy right here at home.

It’s the wrong path for America – a path also defined by administration policies that have resulted in declining oil and natural gas production on federal lands, an onslaught ofunnecessary regulation and continuation of the harmful Renewable Fuel Standard (RFS). It’s a path that has made energy infrastructure development more problematic, a path that will negatively impact American households and one that could see the U.S. become less secure and less competitive in the world.

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Regulators Gonna Regulate – and Regulate

hydraulic fracturing  oil and natural gas production  epa  regulation  methane 

Mark Green

Mark Green
Posted March 10, 2016

When EPA announced a push for additional regulation on methane emissions from new oil and natural gas operations late last year, we said it looked like a solution in search of a problem – especially considering the agency’s own data showing that since 2005 methane emissions from hydraulically fractured natural gas wells had fallen 79 percent.

Regulators gonna regulate. And then regulate some more.

With the Obama administration’s announcement that it wants to regulate methane emissions from existing oil and gas sources – again, where remarkable reductions already are happening – shows EPA and the White House much more concerned about extreme agendas than the needs of American consumers.

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Voters Support Offshore Energy

atlantic ocs  offshore drilling  oil and natural gas production  us energy security  economic growth 

Jack Gerard

Jack Gerard
Posted March 9, 2016

Offshore oil production in the Gulf of Mexico is set to reach a record high next year, according to new projections from the U.S. Energy Information Administration (EIA). By the end of 2017, production is projected to reach 1.9 million barrels per day, accounting for 21 percent of total U.S. crude oil production.

That represents a crucial contribution to America’s energy security, economy and global energy leadership. Imagine if we doubled it. Opening areas in the Atlantic, Pacific and Eastern Gulf of Mexico could lead to production of more than 3.5 million barrels of oil equivalent per day – almost twice the amount EIA projects we’ll hit next year in the western Gulf alone.

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Hydraulic Fracturing Drives U.S. Energy Revolution

hydraulic fracturing  fracking  oil and natural gas production  safe operations  regulation 

Jack Gerard

Jack Gerard
Posted February 17, 2016

America’s status as the world’s leading producer of oil and natural gas is delivering major benefits to U.S. families and businesses. Production increases have ensured a stable supply of affordable, reliable energy, helping drive down prices for gasoline, electricity and home heating. Carbon emissions have also dropped – to near 20-year lows – thanks to abundant supplies of clean-burning natural gas.

It’s all possible due to hydraulic fracturing and advances in horizontal drilling. According to the Energy Department, at least 2 million oil and natural gas wells have been hydraulically fractured in this country, including up to 95 percent of new wells that account for more than 43 percent of U.S. oil production and 67 percent of its natural gas production.

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Two Energy Visions

us energy  oil and natural gas production  economic growth  american energy security  emission reductions  president obama 

Mark Green

Mark Green
Posted February 8, 2016

It has been clear for months that the Obama administration has lost interest in a true “all-of-the-above” approach to the nation’s energy – one that is being led by surging oil and natural gas production right here at home. Consider:

Despite multiple State Department reviews filled with science showing that rejection of the Keystone XL pipeline would result in higher emissions, the president killed the project and the 42,000 jobs it would support during its construction phase. Despite the fact U.S. carbon dioxide emissions are near 20-year lows, the administration is pushing ahead with its Clean Power Plan that favors only certain kinds of renewable energy instead of letting states to freely choose lower-emissions sources while ensuring affordable and reliable energy for consumersAlthough methane emissions from natural gas production are dropping, EPA and the Bureau of Land Management are moving forward with additional layers of regulation that could raise the cost of natural gas production and chill investments needed to bring cleaner-burning gas to market. Despite bipartisan agreement that the Renewable Fuel Standard is a failure – that mandates for increasing ethanol use actually increases greenhouse gas emissions – EPA continues to push for more ethanol in the nation’s fuel supply.

The administration’s latest anti-energy revolution proposal is an ill-conceived plan to slap a $10-per-barrel fee or tax on crude oil that could increase the cost of a barrel of crude by 30 percent and add 25 cents to the price of a gallon of gasoline.

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Blizzards – Natural and Regulatory

oil and natural gas production  regulation  emission reductions  investment  methane 

Mark Green

Mark Green
Posted January 22, 2016

Timing is everything. With much of the Middle Atlantic braced for “Snowzilla,” the Obama administration announced a new layer of federal regulation that likely will make it more difficult and costly for energy producers to deliver the affordable, reliable, clean-burning natural gas that so many U.S. consumers rely on for winter warmth.

Imagine: Millions of Americans, covered in snow and ice, as the president and his team advance a regulatory blizzard with unnecessary Bureau of Land Management (BLM) rules on methane that ignore emissions reductions already being realized and that threaten to stifle future production – potentially at great cost to consumers, the economy, government revenue streams and U.S. security.

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