Energy Tomorrow Blog
Posted May 23, 2016
New figures from the U.S. Energy Information Administration show the United States remained the world’s No. 1 producer of oil and natural gas in 2015, a position the U.S. has held since 2012.
Several important points here, supporting the idea that U.S. world energy leadership is a big thing.
First, U.S. production of oil and natural gas grew last year despite continued low prices for crude last year. U.S. output of petroleum and other liquid fuels grew from 14.08 million barrels per day in 2014 to 15.04 million barrels per day in 2015. According to EIA, natural gas production rose from 74.89 billion cubic feet per day (bcf/d) in 2014 to 78.94 bcf/d in 2015, or about 13.99 million barrels of oil equivalent per day.
The second point is the vast majority of U.S. energy production is the result of safe and responsible hydraulic fracturing and modern horizontal drilling – fracking.
Posted May 20, 2016
Near year’s end the federal Bureau of Ocean Energy Management (BOEM) is scheduled to release its offshore oil and natural gas leasing program for 2017-2022.
For more than a year BOEM has methodically worked to craft a program that will blueprint offshore development into the next decade and beyond, developing drafts, receiving comments from the public as well as inputs from elected officials in affected states.
With the United States emerging as the world’s leading producer of oil and natural gas, planning America’s offshore oil and gas development has never been more important. The United States must have an offshore oil and natural gas program that reflects America’s energy superpower status.
Posted May 18, 2016
The average American household has saved almost $750 in annual energy costs compared to 2008, according to recent data released by the U.S. Energy Information Administration (EIA). Greater availability of domestic oil and natural gas, made possible by hydraulic fracturing, has helped drive down prices for gasoline, electricity and home heating.
Keeping affordable, reliable energy moving to families and businesses requires infrastructure -- pipelines, storage, processing, rail and maritime resources. Candidates often make infrastructure development a centerpiece of their economic plans, promising to create jobs and modernize the U.S. transportation system by improving roads, bridges, rail networks and airports. Energy infrastructure should be on that list. Shovel-ready projects abound in the energy sector.
Posted May 17, 2016
The United States in 2040 will be more energy self-sufficient, a net energy exporter and a lower source of energy-related carbon emissions as clean-burning natural gas becomes the dominant fuel for generating electricity. The leading energy source 24 years into the future – as they are now – will be oil and natural gas.
So projects the U.S. Energy Information Administration (EIA) in an early look at select data from EIA’s Annual Energy Outlook 2016 report that’s scheduled for full release in July.
The main takeaway from EIA’s “sneak preview” is the importance of the U.S. energy revolution – primarily oil and natural gas developed from shale and other tight-rock formations using safe hydraulic fracturing and modern horizontal drilling. The United States is stronger now and will be in the future thanks to domestic energy from fracking.
Posted May 16, 2016
We kick off “Infrastructure Week 2016,” a seven-day focus on America’s infrastructure needs, sponsored by more than 100 trade associations and business and labor groups, with a conversation API President and CEO Jack Gerard and Sean McGarvey, president of North America’s Building Trades Unions, had last week with reporters covering a range of infrastructure and energy policy issues. Highlights below.
Gerard and McGarvey framed the infrastructure discussion by pointing out the way new pipelines, pipeline expansions and other projects are needed to harness America’s energy revolution and spread the benefits of the new energy abundance – to consumers, workers, businesses and to the betterment of the environment – to all parts of the country.
Posted May 12, 2016
We’ll say it again: Methane emissions are falling. And they’ll continue doing so because industry wants to capture as much of the primary component of natural gas as possible, for delivery to consumers.
So that’s the context for EPA’s regulatory initiative. Basically, the agency looked at the energy landscape – one of surging production but also declining emissions – and determined the next step should be more regulation. The resulting new rules could hinder America’s shale energy revolution, one that has helped lower U.S. energy-related carbon emissions 12 percent below 2005 levels, allowing the United States to lead the world in reducing carbon emissions.
Posted May 11, 2016
Some points for the Senate Energy and Natural Resources Committee to consider when it meets next week to review the Obama administration’s proposed 2017-2022 program for offshore oil and natural gas leasing.
First, offshore oil and natural gas production historically has played a major role in overall U.S. energy output. In 2010 more than 30 percent of U.S. oil and 11 percent of U.S. natural gas was produced in the Gulf of Mexico. So, while it’s great that the U.S. Energy Information Administration (EIA) estimates that Gulf production will increase to record high levels in 2017, every American must recognize that reaching record Gulf output next year would result because of leasing decisions made a decade or more ago.
In that context, let’s be clear: The federal offshore leasing program must reflect energy leadership and vision, and it must be focused on fostering opportunity. It must not reduce America’s offshore energy potential by keeping key offshore areas off the table for development.
Posted May 10, 2016
We’ve written a number of posts recently on U.S. climate gains from increased use of clean-burning natural gas (see here, here and here). Domestic natural gas is the main reason the U.S. is leading the world in reducing carbon emissions – underscored by government data this week showing that energy-associated emissions in 2015 were 12 percent lower than 2005 levels.
Yet, some continue to miss the role natural gas is playing in U.S. climate progress. Instead of declaring victory, some continue to rally, protest and campaign against natural gas and its infrastructure – opposing the very thing that is achieving what they want. Unfortunately, they’re impacting public policy along the way.
Nowhere is there a better illustration of this negative impact than in New York state.
Posted May 9, 2016
With new government data showing that U.S. carbon emissions in 2015 were 12 percent below 2005 levels, it might be time for some to take “yes” for an answer – that yes, on reducing carbon emissions, the United States is showing the way for the rest of the world with abundant, clean-burning natural gas.
The U.S. Energy Information Administration (EIA) says despite the fact the U.S. economy was 15 percent larger in 2015 than it was in 2005 (inflation-adjusted numbers), energy-related carbon dioxide emissions were lower last year than they were 11 years ago.
Posted May 4, 2016
The progress the United States is making toward its climate goals starts with clean-burning natural gas.
Increased domestic natural gas production and its use is the primary reason the United States leads the world in reducing carbon emissions. It’s the keystone for a workable strategy to advance climate goals while sustaining economic growth and prosperity – the U.S. model. The U.S. Energy Department’s Christopher Smith, last week in Houston:
“A big part of the reduction in greenhouse gas emissions that we’ve been able to manage in the United States is due to the fact … we’ve got trillions of cubic feet of natural gas that we are going to be able to produce safely, and our domestic supply has gone from one of scarcity to one that has enabled us to use more natural gas in baseload power consumption.”