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Energy Tomorrow Blog

Energy Benefits: More American Jobs, Economic Growth, Security

Economy  jobs  Energy Security  american energy  exports  fracking  marcellus  texas 

Mary Leshper

Mary Schaper
Posted September 9, 2014

Platts: US gasoline prices will fall 9-12 cents/gal and prices elsewhere in the world will fall 10-13 cents/gal if current US restrictions on oil exports are dropped next year, a leading Washington think-tank said Tuesday.

"The more the US exports crude oil, the greater decline in gasoline prices," the study from The Brookings Institution's Energy Security Initiative claimed. "As counterintuitive as it may seem, lifting the ban actually lowers gasoline prices by increasing the total amount of crude supply, albeit by only a modest amount."

Brookings' finding are nearly identical to those of a May study from energy consultancy IHS which concluded that free trade of crude would cause US gasoline prices to fall 8-12 cents/gal due to the close link between gasoline and world oil prices.

Like IHS, the Brookings study claimed the impact of crude exports on gasoline prices dulls over time, falling from a 9-12 cent/gal drop in 2015 to 0-10 cents/gal by 2025.

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The Facts on E15 – Chicago Edition

e15  ethanol  renewable fuel standard  fuels  fuel blend  Economy  alternative energy 

Mark Green

Mark Green
Posted July 24, 2014

Reading content produced by opponents of the oil and natural gas industry, you see a lot of distortion, misinformation, myth and falsehood. Yet, it would be hard to identify something as packed with baloney as the supporting arguments for an idea that’s being advanced by a pair of Chicago aldermen – mandating that all of the city’s self-service gas stations offer E15 fuel.

Backers of the soon-to-be-voted-on proposal have a website, www.cleartheairchicago.com, that’s basically a clearinghouse for corn ethanol industry sophistry, trumpeting E15 as the elixir of cleaner air, reduced oil imports and lower gasoline prices – taking advantage of the public’s earnestness for all three. Unfortunately, the promises they attach to E15 are like so much snake oil.

Over and over we’ve rebutted Big Ethanol’s E15 arguments – underlying the special interest’s work to prop up the flawed Renewable Fuel Standard’s mandates for ever-increasing ethanol use. A number of them are repeated to support the Chicago proposal: E15 is cleaner and cheaper than the E10 gasoline that’s the staple of the U.S. fuel supply. It’s acceptable for use in U.S. vehicles and is actually better for them than E10. E15, they claim, is about promoting consumer choice.

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Domestic Energy Production is Fueling Growth

american energy  Economy  jobs  Energy Security  imports  growth 

Mary Leshper

Mary Schaper
Posted June 12, 2014

Bloomberg News: U.S. fuel imports fell to a 15-year seasonal low as refineries processed increasing domestic crude output, moving the nation closer to energy independence.

Deliveries slid 653,000 barrels a day to 1.68 million in the week ended June 6, the fewest for the period since 1999, the Energy Information Administration data showed today. The 28 percent drop was the biggest decline since the week ended June 18, 2013. Fuel imports peaked at 4.97 million barrels a day in October 2005.

“There’s a change in the dynamic,” said Phil Flynn, a senior market analyst at Price Futures Group in Chicago. “We’re not going to stop importing products but the overall number should move lower. We’re turning into a hub where products are both imported and exported based on price.”

Shipments to the U.S. from abroad have dropped as the shale boom provided refiners with an ample supply of cheaper domestic crude to make fuel. West Texas Intermediate, the U.S. benchmark crude, has traded at an average discount of $12 to Brent oil from the North Sea over the past four years. WTI traded at an average premium of more than $1 to the European grade from 1988 to 2008.

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Uncertainty and Delay is Not an Energy Strategy

lng exports  Economy  jobs  energy policy  american energy 

Mark Green

Mark Green
Posted May 30, 2014

In announcing plans to revamp the way it considers permit applications for projects to export U.S. liquefied natural gas (LNG) to non-free trade agreement countries, the Energy Department said changes would help streamline the process and increase efficiency.

Unfortunately, the revisions could mean more Washington delay and inject additional uncertainty for multi-billion-dollar investments – hampering efforts to harness America’s game-changing opportunity to create new jobs, boost the economy and stimulate domestic production with LNG exports.

In a DOE blog post, Christopher Smith, principal deputy assistant secretary for fossil energy, writes that the department will review export applications and make final public interest determinations only after environmental reviews are completed. It would end the department’s procedure of the past year and a half of issuing conditional approvals pending environmental review. 

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The Impact of Good Energy Policy: Jobs, Production, Greater U.S. Energy Security

Energy Security  Economy  jobs  energy policy  fracking  hydraulic fracturing 

Mary Leshper

Mary Schaper
Posted May 28, 2014

The Hill (Charles McConnell): The two cornerstones of our global society that are fundamental to our lives today and for our future are 1) the affordability and security of our energy and 2) environmental responsibility. The balance and harmony of these two are what comprise energy sustainability, the topic I will be contributing to in the coming year for The Hill.

In my former role as assistant secretary of energy at the Department of Energy and my current position as executive director of Rice University's Energy and Environment Initiative, we are constantly challenged by this responsibility of energy sustainability in the utilization of fossil fuels. Our future will be determined by increasing energy requirements on a global basis for electricity, fuels and chemicals to meet a doubling of world demand by 2050. Fossil fuels will continue to be more than 80 percent of the world's fuel supply in 2050, as cited by the International Energy Agency, so it is not "if" we will be consuming coal, oil and natural gas, but "how." We must have a genuine "all of the above" energy strategy, and to do so, we must invest in fossil-fuel technology to ensure energy sustainability.

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Optimism Thanks to Energy

Environment  Economy  jobs  Energy 101  exports  fracking 

Mary Leshper

Mary Schaper
Posted April 22, 2014

Forbes: Today is Earth Day, the annual celebration of Mother Earth and all she provides to us. So I just wanted to spend a few moments and words here urging you all to take time out of your busy days to thank Mother Earth for the following:

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American Energy is Fueling Growing Communities

american energy  Economy  jobs  Energy Security  fracking 

Mary Leshper

Mary Schaper
Posted April 18, 2014

Oil production and natural gas production from the six prominent shale basins in the United States should increase in May, a U.S. drilling report said. The U.S. Energy Information Administration issued a monthly drilling report for the six shale basins -- Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara and Permian -- that together account for almost 90 percent of the growth in U.S. oil production and nearly all of the gains in natural gas.

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America’s Hydraulic Fracturing Revolution

fracking  hydraulic fracturing  imports  Economy  jobs  Energy Security 

Mary Leshper

Mary Schaper
Posted April 17, 2014

Fuelfix Blog: In this photo essay, AP photographer Brennan Linsley looks inside a walled-off fracking facility, one of many sites reversing decades of declining oil production in the state.

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American Voters on Energy

american energy  Economy  jobs  Energy Security  infrastructure 

Mark Green

Mark Green
Posted April 17, 2014

New national polling finds strong support among U.S. registered voters for more domestic oil and natural gas production and more investment in energy infrastructure – with significant majorities connecting increased energy infrastructure (such as new pipelines, storage facilities and other energy-related projects) with job creation, strengthening U.S. energy security and helping American consumers.

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Happy Birthday, Fracking!

fracking  american energy  Economy  Environment  Energy Security  Energy Efficiency  jobs  hydraulic fracturing  innovation  technology 

Mark Green

Mark Green
Posted March 17, 2014

Happy birthday, fracking! What a fantastic, 65-year ride it has been – and here’s to another 65 years and more.

Advanced hydraulic fracturing and horizontal drilling launched an oil and natural gas renaissance in this country – bringing dynamic job creation, economic stimulus that radiates well beyond the oil and natural gas industry proper and greater energy security. Thanks to fracking, the United States is an energy superpower that, with the right policies, can harness its vast resources to ensure a significantly better future for its citizens while reducing energy-related tension across the globe.

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