Energy Tomorrow Blog
Posted September 12, 2013
For Canada, the question of whether the Keystone XL pipeline should be built can be reduced to a handful of clarity producing contrasts – as Canadian Ambassador to the U.S. Gary Doer framed for a group of reporters this week:
Does the U.S. choose oil from Venezuela or neighbor and ally Canada?
Do we transport that oil by pipeline, in an environmentally safe and cost-effective manner, or by other means?
Do we choose infrastructure construction, meaning thousands of U.S. jobs and economic stimulus, or the status quo?
Posted August 30, 2013
Benefits of Fracking Will Be Tested in Syria Attacks
Forbes: Oil prices are surging on concerns that a U.S.-led attack on Syria could disrupt global oil supplies. West Texas Intermediate crude traded at $110.45 a barrel on the New York Mercantile Exchange this morning, after rising more than $3 a barrel on Tuesday. Less than two months ago, oil sold for less than $100.Gasoline prices have risen the most in six weeks at a time when forecasts had indicated they would be falling because of seasonal decline in demand.
It’s a pretty typical market response to geopolitical unrest in the Middle East. The concern, of course, is that any escalation of the Syrian conflict will expand to include other oil-producing nations, particularly Iran. Iran has the power to control the all-important Strait of Hormuz, through which about 17 million barrels of oil pass each day — roughly one fifth of the world supply.
But this time things are different, at least from the U.S. perspective. The implications of a supply disruption are muted because domestic production is at a 20-year high, driven by the hydraulic fracturing boom. U.S. inventories are flush.
Read more: http://onforb.es/15jNSjt
Posted August 26, 2013
A couple of highlights from a speech to the American Legion’s 95th National Convention this weekend by API’s Erik Milito, director of upstream and industry operations:
The “trajectory from (natural gas) imports to exports is just one of the developments marking the emergence of the United States as a global energy superpower. … The United States is now the world’s leading producer of natural gas, and we’re on track to surpass Saudi Arabia as the number one oil producer by 2020. For the first time in 18 years, we’ll be producing more crude oil than we import.
Posted August 13, 2013
API’s latest ad on the Keystone XL underscores the project’s support across the political spectrum – from Clinton I to Bush 43 - a jobs plan that brings everyone together.
Posted July 17, 2013
Dallas Business Journal – U.S. Shale Oil Output Could Reach 5 Million Barrels/Day by 2017
Harvard Kennedy School researcher Leonardo Maugeri, a former oil industry executive from Italy, says growing shale development could make the U.S. the world’s top oil producer in a few years. Maugeri estimates there could be more than 100,000 working wells in North Dakota and Texas by 2030 (up from the current 10,000).
Posted July 9, 2013
API’s new advertising campaign launched this week underscores the broad support in America for construction of the full Keystone XL pipeline. Here’s our new television ad
Posted June 13, 2013
The bottom-line numbers in BP’s 2012 Statistical Review depict surging U.S. domestic oil and natural gas production, mainly because of the development of U.S. shale reserves through hydraulic fracturing:
- 8.9 million barrels of oil per day (Mb/d) – U.S. production in 2012, the highest level since 1991.
- 1 Mb/d – U.S. oil output growth last year over 2011, the largest increase in the world (14 percent) and the largest in U.S. history.
- 84 percent – U.S. energy demand supplied by domestic sources, up from an all-time low of 69 percent just eight years ago.
BP’s chart on U.S. oil production, spanning the past quarter century:
Posted July 5, 2011
Posted July 1, 2011
Posted June 21, 2011