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Energy Tomorrow Blog

Fueled by Oil and Natural Gas – Now and in the Future

oil and natural gas development  access  eia forecast  imports  economic growth  shale energy  hydraulic fracturing  horizontal drilling  emissions 

Mark Green

Mark Green
Posted April 14, 2015

The U.S. Energy Information Administration’s (EIA) new Annual Energy Outlook for 2015 contains a number of stats, charts and projections, but you could boil them down to a couple of important points.

First, oil and natural gas are and will continue to be the foundation of an all-of-the-above energy approach that’s key to continued U.S. economic growth, energy security and overall security. EIA says oil (36 percent) and natural gas (27 percent) supply 63 percent of America’s energy now, and EIA projects they will supply 62 percent in 2040 (oil 33 percent and natural gas 29 percent). This is because oil and natural gas are high in energy content, portable and reliable. They’re the workhorse fuels of the broader economy, making modern living possible as fuels and as the building blocks for a number of products Americans depend on every day. America is and will be dependent on a variety of energies, but oil and natural gas are and will play leading roles.

The great news is the U.S. is in the midst of a revolution in domestic oil and natural gas production, leading to a second big takeaway from EIA’s report – that domestic output is and will continue to reduce U.S. dependence on imported energy.

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Making Offshore Operations Even Safer

offshore safety  center for offshore safety  macondo well  oil spill response  oil spill prevention  gulf of mexico  deep water drilling  industry standards 

Mark Green

Mark Green
Posted April 9, 2015

Three zeroes stand out in the first annual performance report by the Center for Offshore Safety (COS), the oil and natural gas industry-led initiative to promote continuous offshore safety improvement following the 2010 Macondo incident: Zero fatalities, zero loss-of-well-control incidents and zero oil spills equal to or greater than 10,000 gallons in Gulf of Mexico operations.

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Growing U.S. Energy Self-Sufficiency

oil and natural gas production  domestic energy access  eia  offshore energy  onshore development  shale energy  hydraulic fracturing  horizontal drilling 

Mark Green

Mark Green
Posted April 6, 2015

Statistics in the U.S. Energy Information Administration’s Monthly Energy Review for March show U.S. domestic energy production meeting about 89 percent of the country’s total energy demand. That’s up from 84 percent in 2013 and 2012 and reflects a key result of the domestic energy revolution: growing U.S. self-sufficiency.

EIA data shows U.S. energy production as a percentage of total demand. Total energy production (fossil fuels, nuclear electric power and renewables – again, as a percentage of total U.S. energy demand -- was about 69 percent in 2005, and it grew to about 89 percent last year. The share of fossil fuels (oil, natural gas and coal) accounted for approximately 55 percent in 2005, growing to about 70 percent last year.


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Fracking, the U.S. Energy Revolution and Energy Security

oil and natural gas development  gallup poll  eia  access  fracking  horizontal drilling  shale energy  imports  domestic energy production 

Mark Green

Mark Green
Posted April 3, 2015

A couple of data points and some observations on energy security.

First data point: The U.S. Energy Information Administration (EIA) reports that last year the United States enjoyed the largest volume increase in crude oil production since record keeping began in 1900. That’s right, the largest increase in 115 years!

Production of crude (including lease condensate) increased during 2014 by 1.2 million barrels per day to 8.7 million barrels/day. EIA says that on a percentage basis 2014’s output increased 16.2 percent, the highest growth rate since 1940. 

You can thank shale and fracking.

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Roadblocking America’s Energy Revolution

energy regulation  oil and natural gas development  epa  boem  blm  fracking  economic growth  ozone  renewable fuel standard  methane  offshore drilling  access 

Mark Green

Mark Green
Posted March 24, 2015

Last week’s release of the federal Bureau of Land Management’s new hydraulic fracturing rule suggests it’s time to update an infographic we posted last summer on the administration’s regulatory march that could impede America’s energy revolution. 

Unfortunately, the administration’s plans for energy regulation aren’t encouraging – not if you truly grasp the historic opportunity that surging domestic production of oil and natural gas is providing the United States.

We’re talking about the complete rewrite of America’s energy narrative, from one of scarcity – limiting America’s economic possibilities and overshadowing its national security concerns – to one of abundance in which the U.S. is more self-sufficient, more prosperous and more secure in the world.

We call that historic, revolutionary, a true renaissance in American energy.

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The Growing Momentum of U.S. Energy

liquefied natural gas  lng  drilling operations  shale energy  energy exports  fracking 

Mark Green

Mark Green
Posted March 23, 2015

Washington Times op-ed (O’Keefe): Last month the White House submitted President Obama’s annual economic report to Congress. Nestled in the findings is a compelling case for lifting the country’s antiquated ban on natural gas exports.

“An increase in U.S. exports of natural gas, and the resulting price changes, would have a number of mostly beneficial effects,” the report states, for domestic employment, geopolitical security, our energy industry and the environment. The report ticks off numerous benefits — “create jobs in the short run,” “lower natural gas prices around the world,” “promote the use of cleaner energy abroad” — that make clear the question is not whether the United States should reconsider restrictions on natural gas exports, but when will policymakers step up to economic reality.

The value of lifting export restrictions on domestically produced liquefied natural gas (LNG) is becoming glaringly apparent. The Obama administration’s latest report not only adds to the body of evidence indicating now is the time to act, it reaffirms that doing so aligns with the president’s priority of promoting clean, sustainable energy here at homeand abroad.

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Energy Returns to Ohio

ohio  oil and natural gas development  shale energy  utica shale  hydraulic fracturing  horizontal drilling  fracking  safe operations 

Mark Green

Mark Green
Posted March 12, 2015

Ohio is returning to the ranks of the country’s leading energy-producing states – thanks to the Utica Shale and safe hydraulic fracturing and horizontal drilling. We say returning, because Ohio was one of the “cradle” states for U.S. oil production.

This “Back to the Future” aspect of Ohio energy is illustrated on the Energy From Shale website in a new photo gallery that features 19th-century photographs alongside contemporary shots for a fascinating then-and-now portrayal of the state’s oil and natural gas development.

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Offshore Energy and South Carolina

offshore development  offshore drilling  south carolina  Energy Security  Economy  jobs  Offshore Production  Environment 

Mark Green

Mark Green
Posted February 20, 2015

Federal officials continue to hold public hearings on a draft offshore oil and natural gas leasing program that, when finalized, would largely determine where offshore energy development can occur from 2017 to 2022. Given the lead times needed for offshore development, the federal leasing program is vitally important to America’s energy production and energy security. Safe offshore development benefits the country but especially states that would host operations in their coastal waters. We’ve looked at how offshore oil and natural gas development would benefit Virginia and North Carolina – in terms of jobs and revenues generated for state budgets. Today, South Carolina.

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Offshore Energy and Florida

offshore drilling  offshore development  florida  florida offshore drilling  Economy  jobs  Energy Security 

Mark Green

Mark Green
Posted February 19, 2015

Like other states along the Atlantic coast, Florida could see substantial economic benefits from safe offshore oil and natural gas development – if Washington will allow it. That’s a big “if.” A draft oil and natural gas leasing program – the subject of a scheduled public hearing today in Jacksonville – provides for just one lease sale in the Atlantic and not until 2021, almost at the end of a plan that covers the 2017 to 2022 time period. That could leave Florida and other states on the outside looking in at the benefits of offshore development.

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Offshore Energy and Virginia

offshore development  virginia offshore drilling  oil and natural gas access  job creation  government revenues  economic growth  interior department 

Mark Green

Mark Green
Posted February 11, 2015

With federal officials holding one in a series of public hearings on the Obama administration’s draft offshore oil and natural gas leasing program today in Norfolk, Va., it’s worth underscoring the benefits that offshore energy could bring to the commonwealth.

These include 25,000 jobs by 2035, according to a study by Quest Offshore Resources, and nearly $1.9 billion for the state’s budget by 2035, with revenue sharing in place.

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