Energy Tomorrow Blog
Posted February 7, 2018
The broad, impactful outlines of the U.S. energy renaissance in a couple of recent data points: In November, U.S. crude oil production reached 10.038 million barrels per day – a level not seen in 50 years – largely with advanced hydraulic fracturing unlocking oil from tight-rock formations; the United States is projected to be a net exporter of energy by 2022 in most scenarios studied by the U.S. Energy Information Administration. Strong domestic production will play a major role, EIA says.We’ve arrived at this point – with significant positive implications for American security and economic growth – for a couple of reasons: vast natural gas and oil reserves and an innovative, technologically advanced industry that has been able to safely and responsibly develop those energy reserves to the benefit of American consumers, businesses and manufacturers.
Posted January 17, 2018
Posted January 9, 2018
State of American Energy 2018: API President and CEO Jack Gerard described the natural gas and oil industry as technologically advanced, innovative and forward looking – all critically important to continued delivery of the energy Americans use every day for transportation, essential consumer products, life-saving technologies and more. Our industry is up to helping Americans meet the challenges of today and tomorrow – endeavors that hinge on energy.
Posted January 3, 2017
Posted January 7, 2016
At this year’s State of American Energy event, we highlighted the impact of energy policy on the lives and livelihoods of families and businesses in every state. The connection between policy and pocketbooks is evident after a year in which Americans saved an average $550 per driver on gasoline, due largely to strong U.S. oil and natural gas production. But to maintain the economic and security benefits of America’s 21st century energy renaissance, we’ll need to make smart policy choices that increase access to energy resources, encourage infrastructure development, rein in misguided ethanol policy and curb costly, duplicative regulations.
Posted January 6, 2016
During this week’s State of American Energy event API President and CEO Jack Gerard described the economic and energy security gains generated by the U.S. energy revolution and the policies needed to create opportunities for the oil and natural gas industry to continue them.
Today let’s focus on some of the things Gerard identified as potential impediments to American energy. These include ideological opposition to progress, anti-consumer initiatives like the Renewable Fuel Standard (RFS), anti-market programs like the administration’s Clean Power Plan, government red tape and regulatory overreach.
Posted January 5, 2016
There are many ways to gauge the current strength of American energy. The U.S. is producing nearly twice as much oil as it did less than a decade ago, which, combined with natural gas output, has made America the world’s leading producer.
Yet, the real-world impact of America’s energy revolution offers a more meaningful picture. New tensions are roiling the Middle East, yet global crude markets have remained relatively calm – unimaginable a few years ago. Meanwhile, a tanker carrying U.S. crude oil left port headed for Europe – the first since the lifting of America’s 40-year-old ban on domestic exports. There’s the reach of our energy revolution.
In his State of American Energy remarks, API President and CEO Jack Gerard focused on the growth of U.S. energy and its benefits – and also the opportunity to sustain them with sound energy policies based on facts and science.
Posted July 1, 2015
This weekend our country celebrates 239 years of independence, as well as our collective belief in equality and unalienable rights – enumerated in the Declaration of Independence as “Life, Liberty and the pursuit of Happiness.” Heading into Independence Day 2015, it’s fitting to draw some connections between American energy and American life, liberty and the pursuit of happiness. Today: life.
It’s hard to imagine modern life – in America or anywhere else for that matter – without liberal access to energy. It’s fundamental to sustaining life as we know it, while also providing fundamental opportunity to people across the globe for whom life is a daily struggle. Let’s take a look at some charts from Max Roser’s Our World In Data project. First is global energy use, with energy use starting to grow slowly around the 1900 and then taking off after World War II.
Posted January 21, 2015
In a State of the Union address that mostly skimmed over energy issues – remarkable, given the generational opportunities stemming from America’s ongoing energy revolution – President Obama still underscored the yawning disconnect between his all-of-the-above energy rhetoric and his administration’s failure to put that rhetoric into action.
Talking about the need for infrastructure investment, the president said:
“Democrats and Republicans used to agree on this. So let’s set our sights higher than a single oil pipeline. Let’s pass a bipartisan ... infrastructure plan that could create more than 30 times as many jobs per year and make this country stronger for decades to come. Let’s do it. Let’s get it done.”
We agree. America’s infrastructure needs are greater than a single oil pipeline – the political football known as the Keystone XL – which the president has been punting around for more than six years.
But there’s no good reason, no good excuse, for not making the Keystone XL pipeline Job No. 1 in a procession of infrastructure projects. President Obama hasn’t offered any beyond calling “temporary” the 42,100 jobs the U.S. State Department has said Keystone XL would support. Yet, those jobs are no more temporary than the ones that would be supported by building bridges, roads and other projects the president routinely cites.
That’s the disconnect between what President Obama peddles in speeches to Congress and around the country – and what his administration is doing.
Posted January 21, 2015