Energy Tomorrow Blog
Posted September 14, 2020
A national policy that puts U.S. energy off-limits to development would have serious negative impacts for our nation’s security, jobs, the economy and household budgets. As argued in this post, proponents of policies that ban new natural gas and oil development on federal lands and waters have a lot of explaining to do.
Unfortunately, it also includes the White House, which announced this week that there will be no offshore oil and natural gas development in the Eastern Gulf of Mexico and South Atlantic going forward, into the year 2032.
This is wrong for U.S. energy, wrong for American security, wrong for jobs and wrong for economic growth.
John D. Siciliano
Posted September 11, 2020
New groundbreaking technologies to keep carbon dioxide out of the atmosphere provide a glimpse of what could very well be the next big breakthrough for the natural gas and oil industry.
New technologies have the power to change the impossible to possible. We’ve long argued that industry’s ability to innovate and develop new technologies – including game-changers such as fracking – are key to our energy future. But such technological breakthroughs have been underestimated in the past, and aren’t always reflected in formal projections that are based on what is currently known and available.
Just imagine a natural gas power plant that emits zero CO2 emissions. The first preliminary tests on just such a power plant were conducted two years ago by a collaboration led by the company Net Power. The tests were so promising that the plant made it into the MIT Technology Review’s list of the top 10 breakthrough technologies.
Posted September 11, 2020
While oil markets remain concerned over the outlook for petroleum demand – see John Kemp’s piece arguing there’s lost momentum – a number of important indicators of transportation and industrial activity corroborate API’s primary data suggesting a more nuanced landscape while also supporting the view that genuine progress has recently been achieved.
Since petroleum demand has remained a solid indicator of economic activity, the information has broad applicability to everyone who is concerned with what’s happening now. And for those of us in the industry, accurate and timely data are essential to the flow of real activities and investment dollars.
From here it looks like oil markets have been relatively impatient, having anticipated a continued tightening as demand has recovered and supply declined. The challenge is managing expectations for the rate of recovery.
Posted September 9, 2020
Four questions for proponents of policies that would effectively end new natural gas and oil development on federal lands and waters:
Where will the oil come from that won’t be produced here at home because of such a policy?
Where will nearly 1 million Americans find new work after this policy costs them their jobs?
What will Americans do without because of higher energy costs resulting from the policy?
How will the U.S. continue making environmental progress if increased coal use caused by the policy raises carbon dioxide emissions?
These and other questions are prompted by a new analysis projecting the effects of halting new natural gas and oil on federal lands and waters -- prepared for API by OnLocation with the U.S. Energy Information Administration's National Energy Modeling System, which EIA uses to produce its Annual Energy Outlook.
Posted September 3, 2020
Former Vice President Joe Biden hit the campaign trail this week in southwestern Pennsylvania, home to the energy-rich Marcellus Shale – a good backdrop for discussing how Biden’s energy and jobs policies could affect Pennsylvania and other big production states, including New Mexico and Colorado, as well as Gulf Coast states.
Start with Biden’s remarks from Pittsburgh that, if elected, he will not ban fracking – clearly, to calm voters in shale country, where hydraulic fracturing has revitalized state and local economies, and necessitated by what he said in March and July, which sounded an awful lot like he would ban fracking.
So, case closed, right? Well, not exactly.
Posted September 2, 2020
While the U.S. Army Corps of Engineers completes a new environmental report on the Dakota Access pipeline (DAPL) in North Dakota, there’s new research showing that shuttering the pipeline would cut oil production from the prolific Bakken shale region, kill thousands of jobs and cost state and local governments millions in tax revenues generated by energy production.
The environmental effects of Dakota Access’ crossing under Lake Oahe are being studied anew after the corps was ordered to do so by a federal court. The review is expected to take 13 months. Although legal challenges surrounding DAPL are pending, an appeals court overturned the lower court’s order to halt operations and empty the pipeline while the environmental review is ongoing.
While we all wait for the review, an ICF analysis commissioned by API shows what halting Dakota Access operations would mean to production and economies.
Posted August 31, 2020
Liquefied natural gas (LNG) is redefining the world’s modern energy mix. Even as the coronavirus and government responses to the pandemic have cut into natural gas demand, analysts project a progressive recovery and long-term growth for U.S. LNG – particularly in emerging markets – due to its enduring economic competitiveness and environmental benefits.
In South Asia, the affordability of American LNG is expected to increase consumption, displacing demand for coal, as countries such as India and Bangladesh seek out reliable, lower-carbon energy resources.
Posted August 28, 2020
Americans’ safety and security are critically linked to energy.
Whether it’s energy to power a growing economy or energy that keeps America free and strong in the world – and even reliable energy in the wake of a Category 4 hurricane – abundant domestic natural gas and oil are essential for our security. ...
Abundant and reliable natural gas and oil from America make the country safer and more secure in a number of ways.
John D. Siciliano
Posted August 27, 2020
Despite the pandemic, API has moved forward with dozens of new safety standards, covering everything from liquefied natural gas (LNG) to pipelines, to manufacturing specifications for offshore wells – ensuring that safety and scientific rigor, through API’s standards program, remain front and center.
We have used this challenging time to help ensure that the natural gas and oil industry is focused on safely and sustainably meeting both the domestic and global need for energy through API’s world-class standards program.
Posted August 26, 2020
As officials at the National Hurricane Center monitor the projected path of Laura (below, as of Wednesday evening), here are a few things to know about the U.S. natural gas and oil industry’s preparations:
1.We’re focused on the safety of workers, communities and infrastructure
2. U.S. energy leadership, lower demand mean inventories of refined products are strong
3. America’s energy infrastructure network is modern and diverse