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Energy Tomorrow Blog

Vote For Conventions (Philadelphia Edition) – Vote4Energy

everything  oil and natural gas  pennsylvania  democrats  vote4energy 

Mark Green

Mark Green
Posted July 22, 2016

Democrats will gather at Wells Fargo Arena in South Philly – nearly 4,500 delegates led by contingents from California (476), New York (277), Florida (238) and Texas (237). As was the case in Cleveland, energy will keep the show running.

Delegates will be glad for modern transportation that gets them to and from the arena, on excursions to the Betsy Ross house, the Franklin Institute and the Philadelphia Museum of Art’s famous steps – decorated for the convention with one of the 57 painted fiberglass donkeys scattered around town, representing the 50 states, five U.S. territories (Guam pictured), the District of Columbia and Democrats Abroad.  

They’ll also benefit from generated electricity for lighting, sound systems, Jumbotrons and modern telecommunications – a collection of new fangledness no Democrat could possibly have imagined when the party staged its first convention at The Athenaeum in Baltimore in 1832 to nominate President Andrew Jackson for a second term. 

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Energizing Pennsylvania

analysis  pennsylvania  crude oil  exports  lng  liquefied natural gas  gasoline prices 

Reid Porter

Reid Porter
Posted September 4, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Pennsylvania. We started the series with Virginia on June 29 and began this week with reviews of LouisianaRhode IslandNevada and New York. Information for all 50 states can be found online here, arranged on an interactive map of the United States.

As we can see with Pennsylvania, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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Energy to Fuel Job Growth, Increase U.S. Security

news  job creation  energy exports  gasoline prices  pennsylvania severance tax  arctic  offshore oil drilling  alaska  natural gas benefits 

Mark Green

Mark Green
Posted June 2, 2015

The Huffington Post (Sean McGarvey): The American job market is the best it's been in six years, according to the latest government data. The jobless rate is below 6 percent for the first time since 2008.

And in 2013, the United States became the world's top producer of oil and natural gas – surpassing Russia and Saudi Arabia.

This U.S. energy boom is creating many new jobs here in America, and it's a leading contributor to American workers' vaulting out of the unemployment line and into the middle class. Our leaders must continue to support domestic energy exploration, which is proving our nation's strongest job-growth engine.

According to the American Petroleum Institute, investments in updating U.S. energy infrastructure alone could generate an estimated $1.14 trillion in capital investments – creating both jobs and energy savings from now until 2025.

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American Energy and the World Marketplace

news  liquefied natural gas  lng exports  crude oil  oklahoma  shale energy  pennsylvania  renewable fuel standard  ethanol 

Mark Green

Mark Green
Posted June 1, 2015

Pittsburgh Post-Gazette op-ed (Eberhart): ... Since 2000, global LNG demand has grown an estimated 7.6 percent per year. And that rate is expected to increase: Ernst & Young predicts that by 2030 global demand will reach 500 million metric tons, doubling 2012 levels.

At the same time, because of the surge of natural gas from American shale, the United States is awash in the stuff, with domestic natural gas production increasing 41 percent in the past decade alone.

Ten years ago we were an LNG importer. Today we’re the world’s largest natural gas producer.

And with the amount of technically recoverable natural gas in the United States 100 times greater than our current consumption, we have a boon to the economy that is expected to contribute up to 665,000 net jobs and $115 billion to GDP by 2035. We are expected to have enough gas to meet our own needs while also helping to satisfy staggering demand in places like Japan, Korea, India, China and Taiwan.

Clearly, this is an opportunity we don’t want to miss. But a protracted, redundant and expensive approval process could put it just out of reach.

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The Impact of Impact Fees

analysis  pennsylvania  energy industry  severance tax  natural gas development  economic impacts 

Mark Green

Mark Green
Posted May 18, 2015

Sometimes, amid the back and forth of discussions over energy policy, it’s helpful to talk about the real-world impacts of various policy choices.  

Right now in Pennsylvania, a proposed natural gas severance tax that would supersede the state’s existing impact fee is being debated vigorous – chiefly because the current impact fee has been good for the commonwealth, very good.

It’s been so good that some question the wisdom of swapping the current system for a severance tax – especially given a recent study showing that the net effect likely would be less energy development, resulting in billions in economic losses and nearly 18,000 fewer jobs supported by 2025. We’ve likened it to the proverbial folly of killing the golden egg-laying goose.

So, if the current impact fee has been good for Pennsylvania, can we be more specific? Yes.

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Access to Reserves is Key to Energy Production

news  arctic  oil and natural gas development  permian basin  pennsylvania  new york  hydraulic fracturing  infrastructure  gasoline prices  offshore energy 

Mark Green

Mark Green
Posted May 12, 2015

Wall Street Journal: The U.S. government Monday conditionally approved Royal Dutch Shell PLC’s plans to drill in the Arctic Ocean this summer, removing the biggest remaining obstacle before the company can explore for oil and natural gas in the Arctic’s frigid, isolated waters.

The announcement adds to a mix of decisions by the Obama administration that have restricted and granted new domestic fossil-fuel development.

Though affecting just one company, the approval is a victory for the oil-and-gas industry, which has criticized recent regulations affecting the sector, including tougher requirements on hydraulic fracturing and trains hauling flammable oil. Monday’s approval is tied to regulations proposed by the government in February for Arctic drilling operations off the coast of Alaska that could pave the way for additional companies exploring in the region.

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Study: Tax Proposal Could Cost PA

analysis  pennsylvania severance tax  oil and natural gas development  shale energy  tax revenues  economic impacts  production 

Mark Green

Mark Green
Posted May 7, 2015

The oil and natural gas industry’s recent tax revenue and economic contributions to the Commonwealth of Pennsylvania look like this: more than $630 million through the state’s existing local impact fee since 2012, including $224 million in 2014 alone; more than $2.1 billion in state and local taxes; annual contributions to the state economy of $34.7 billion, boosting the bottom lines of more than 1,300 businesses in the energy supply chain.

Gov. Tom Wolf, who has proposed new industry taxes, says the state is “getting a bad deal.” We suspect a lot of states would like to have things so rough.

Nevertheless, the governor is pushing for an additional natural gas severance tax of 5 percent on the gross market value of production, plus a fixed fee of 4.7 cents per thousand cubic feet (Mcf) produced. The governor also wants an artificial floor of $2.97 per Mcf regardless of the actual price of natural gas. All suggest unfamiliarity with the story of the goose that laid golden eggs.

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Sound Regulation, Policy Choices Key to Energy Growth

renewable fuel standard  rfs34  biofuels  energy exports  crude oil production  pennsylvania  fracking  solar 

Mark Green

Mark Green
Posted April 16, 2015

The Wall Street Journal: A former White House economic adviser is calling for changes to a 2005 law mandating increased use of alternative fuels in the nation’s transportation supply, adding a key voice to a growing chorus of people who say the policy is not working.

In a report published Thursday, Harvard University professor Jim Stock, who served on President Barack Obama’s Council of Economic Advisers in 2013 and 2014, proposes several reforms to the biofuels mandate, known as the renewable fuel standard, including some requiring congressional approval.

The report adds to a growing body of politicians and experts who are questioning the law’s effectiveness amid regulatory uncertainty and lower oil prices.

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Energy Exports and Fueling the Energy Revolution

american energy  lng exports  exports  Economy  fracking  new york  pennsylvania 

Mary Leshper

Mary Schaper
Posted March 27, 2015

LNG Wold News Blog: Dominion said it has celebrated with its international business partners and Maryland community leaders the construction of the Dominion Cove Point LNG liquefaction project. Kenichiro Sasae, the Japanese ambassador to the United States, and Maryland Gov. Larry Hogan joined Dominion Chairman Thomas F. Farrell II at the ceremony, along with Diane Leopold, president, Dominion Energy; Kazuhiro Takeuchi, president, CEO, and general manager for the Americas, Sumitomo Corp of Americas; Jayanta Sinha, president, GAIL Global U.S.A., and Steven R. Weems, president, Calvert County Board of County Commissioners.

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Embracing America’s Energy Abundance

american energy  exports  fracking  pennsylvania  taxes  ethanol  rfs34 

Mary Leshper

Mary Schaper
Posted March 11, 2015

The Hill (Congress Blog): The ongoing shale oil renaissance and the United States’ abundant natural resources has transformed our energy landscape, allowing American consumers access to affordable fuel supplies and spurring significant investment and job growth across our economy. But in order for this renaissance to continue, it is critical that lawmakers ensure that U.S. policy keeps pace so that our energy resources are being leveraged to provide the maximum benefit to the nation’s economy and international geopolitical interests.

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