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Energy Tomorrow Blog

Crude Exports to Help Grow the U.S. Energy Revolution

energy exports  crude oil production  global markets  trade  eia  russia  saudi arabia  shale energy  economic benefits 

Mark Green

Mark Green
Posted April 7, 2015

Following on yesterday’s post on increased domestic energy production that is backing out imports, we see that the U.S. remained No. 1 in the world in the production of petroleum and natural gas hydrocarbons last year, according to the U.S. Energy Information Administration (EIA).

The government agency responsible for quantifying all things energy says that U.S. oil and natural gas production has been trending higher than the output of Russia and Saudi Arabia, the second- and third-largest producers:

Since 2008, U.S. petroleum production has increased by more than 11 quadrillion British thermal units (Btu), with dramatic growth in Texas and North Dakota. Despite the 50% decline in crude oil prices that occurred in the second half of last year, U.S. petroleum production still increased by 3 quadrillion Btu (1.6 million barrels per day) in 2014. Natural gas production—largely from the eastern United States—increased by 5 quadrillion Btu (13.9 billion cubic feet per day) over the past five years. Combined hydrocarbon output in Russia increased by 3 quadrillion Btu and in Saudi Arabia by 4 quadrillion Btu over the past five years.

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The World Power of American Energy

oil and natural gas development  domestic access  exports  russia  offshore development  onshore development 

Mark Green

Mark Green
Posted July 30, 2014

The quest to encourage better behavior from Russia continues. President Obama and the European Union this week announced new sanctions to protest Russia’s involvement in Ukraine, measures that focus on Russia’s energy, arms and finance sectors. The president:

“Today … the United States is imposing new sanctions in key sectors of the Russian economy:  energy, arms, and finance.  We’re blocking the exports of specific goods and technologies to the Russian energy sector.  We’re expanding our sanctions to more Russian banks and defense companies.  And we’re formally suspending credit that encourages exports to Russia and financing for economic development projects in Russia. At the same time, the European Union is joining us in imposing major sanctions on Russia – its most significant and wide-ranging sanctions to date.”

Meanwhile, former Secretary of State Hillary Clinton says Europe needs to stand up to Russia, which will be easier to do if Europe diversifies its energy supplies:

“They need to understand they must stand up to [Russian President] Vladimir Putin. The reluctance has to do with European dependence on energy from Russia.”

Laudable sentiments and goals, but America can do more than impose targeted and inherently limited sanctions. The U.S. can do more than talk. America can do more to provide effective help for her friends and to diminish the influence of adversaries. Through energy, American energy.

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The Geopolitical Strength of U.S. Energy

energy policy  doe  Jack Gerard  lng exports  global markets  natural gas  liquefied natural gas  us chamber of commerce  russia 

Mark Green

Mark Green
Posted March 5, 2014

Politico reports (sub req'd) that the Energy Department plans to stick with its “case-by-case” approach to approving natural gas export projects – even as some policymakers say speeding up the process would send a strong signal that the United States is  a leader in global energy markets, expanding its ability to broaden supply options and defuse energy-related standoffs like the one playing out between Russia and Ukraine.

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Russia/Cuba Seeking Oil in the Gulf of Mexico

access  cuba  domestic energy  energy policy  gulf of mexico  offshore drilling  rhetoric vs reality  russia  global energy 

Jane Van Ryan

Jane Van Ryan
Posted March 19, 2010

America's "stuck in neutral" energy policy has just received another shot over the bow. This time it comes from Russia, which is one of several countries that are actively seeking oil and natural gas resources in the Western Hemisphere. 

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LNG Exports, Growing U.S. Energy Opportunity

natural gas  lng exports  trade  us energy security  russia 

Mark Green

Mark Green
Posted January 1, 1

A couple of new data points from the government show the importance of U.S. liquefied natural gas (LNG) exports to America’s trading posture and its global energy security role as a growing supplier of natural gas. First, the U.S. Energy Information Administration (EIA) reports that the U.S. exported more natural gas than it imported in three of the first five months of this year – February, April and May – which is historic since the U.S. has been a net importer (on an average annual basis) for nearly 60 years. In addition, EIA projects that the U.S. will be a net natural gas exporter for the year in 2017.

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