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Energy Tomorrow Blog

Five Years Later the Case for Keystone XL is Stronger Than Ever

Energy Security  jobs  keystone xl  oil sands 

Mark Green

Mark Green
Posted September 16, 2013

Let’s see: Five years is 1,825 days, which is a pretty long time. Long enough to build the Hoover Dam, and long enough for Michelangelo to paint the ceiling of the Sistine Chapel. It’s long enough for Lewis & Clark to explore the American West and for the U.S. and its allies to win World War II.

But it’s not long enough for the Obama administration to approve construction of the full Keystone XL pipeline – and in the process side with 82 percent of Americans who want it built and clear the way for thousands of new U.S. jobs and greater U.S. energy security. Not long enough.

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Our Energy Choices Point to Building the Keystone XL

Energy Security  keystone xl  emissions  canadian oil sands 

Mark Green

Mark Green
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?

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Energy Today – August 30, 2013

Energy Security  taxes  hydraulic fracturing  lng exports 

Mary Leshper

Mary Schaper
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:

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Talking Energy Security

Energy Security  hydraulic fracturing  imports 

Mark Green

Mark Green
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. 

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Video: The Bipartisan Jobs Plan - Keystone XL

jobs  Energy Security  keystone xl 

Mark Green

Mark Green
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.

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Energy Today - July 17, 2013

Energy Security  ethanol  shale benefits  keystone xl 

Mark Green

Mark Green
Posted July 17, 2013

National Journal – Overwhelming U.S. Support for Keystone XL Pipeline, Poll Shows The United Technologies/National Journal Congressional Connection survey finds that more than two-thirds of respondents support building the pipeline to carry Canadian oil to U.S. refineries. Just 24 percent oppose.

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).

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Who Supports the Keystone XL? You Do!

jobs  Energy Security  keystone xl  economic benefits 

Mark Green

Mark Green
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

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U.S. Oil Growth, Energy Security and Global Impact

energy  security  supply 

Mark Green

Mark Green
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:

BP Oil Outgrowth 

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