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Energy Tomorrow Blog

New Year Brings Energy Policies into Focus

energy policy  Energy 101  trade  Economy  imports  lng exports  keystone xl pipeline  soae 

Mary Leshper

Mary Schaper
Posted January 7, 2015

Wall Street Journal: The U.S. trade gap narrowed in November to its lowest level in nearly a year, reflecting gyrations in the oil market that mask strong underlying domestic demand for foreign goods. The trade deficit fell 7.7% to a seasonally adjusted $39 billion in November from the prior month’s deficit of $42.25 billion, the Commerce Department said Wednesday. The reading marks the smallest deficit since December 2013. October’s deficit was revised from an initially reported $43.43 billion. The narrower trade gap could support fourth-quarter economic growth. Barclays lifted it forecast fourth-quarter gross domestic product forecast to a 3.5% gain from a 2.7% advance following the trade report. Credit Suisse moved its estimate to a 3.2% advance from 2.9%.

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State of American Energy 2015

american energy  oil and natural gas development  domestic production  energy policy  hydraulic fracturing  horizontal drilling  safe operations 

Mark Green

Mark Green
Posted January 5, 2015

We’ve got an energy revolution taking place in this country, but can we keep it going – and even better, can we increase it?

These and more will be the focus of the State of American Energy event on Tuesday from Washington D.C. You can watch the event live here beginning at 12:15 p.m. Eastern.  Join in the conversation on Twitter using the hashtag #SOAE2015.

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Policy Choices to Fuel America’s Energy Revolution

energy policy  oil and natural gas development  regulation  epa  hydraulic fracturing  horizontal drilling  energy exports  keystone xl pipeline  proved reserves 

Mark Green

Mark Green
Posted December 30, 2014

UPI:  House Republicans will work to create the "architecture of abundance" needed to take advantage of North American energy leadership, a lawmaker said.

The House Energy and Commerce Committee published a 105-page strategy document meant to highlight the agenda of the incoming Republican-led Congress. It says federal policies are ill-suited to develop the infrastructure needed to take advantage of the oil and gas production boost in the United States.

"Creating this architecture of abundance is slowed at every step by archaic federal rules that can cause years of delays and even block some pipeline and power line projects outright," the paper reads.

Rep. Fred Upton, the committee's chairman, said the new Congress would work to advance its blueprint when it comes into power in January.

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Energy and the Intersection of Policy, Innovation and Business

american energy  energy policy  oil and natural gas development  congress  innovation  technology 

Mark Green

Mark Green
Posted November 12, 2014

See video below of Thursday's event, hosted by The Hill newspaper, that featured discussion of the energy policy issues that are likely to be front and center in the new Congress, which will have a new Senate majority.

Discussion focused on what’s next in the energy sector – from industry in terms of innovation and other advancements that affect energy development, and from Washington policymakers on Capitol Hill and within the administration.

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American Energy’s Growth Agenda

Economy  jobs  american energy  policy  fracking  exports  innovation 

Mary Leshper

Mary Schaper
Posted November 11, 2014

Roll Call (Jack Gerard): Jobs and the economy are still voters’ top priorities by far. So it’s no wonder congressional candidates spent so much time on the campaign trail positioning themselves as champions of the American energy resurgence. The oil and natural gas industry supports 9.8 million American jobs, contributes $1.2 trillion to the U.S. gross domestic product and has spurred a manufacturing renaissance.

President Barack Obama has also joined the chorus, claiming in a recent speech at Northwestern University that America is a world energy leader because “right off the bat” his administration “upped our investments in American energy.”

In reality, we’ve become the world’s leading natural gas producer and soon-to-be leading oil producer despite, not because of, White House policies.

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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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Energy and the National Interest

keystone xl pipeline  energy policy  energy exports  domestic oil production  oil sands 

Mark Green

Mark Green
Posted March 14, 2014

More on the growing discussion of how North America’s energy renaissance – led by surging oil and natural gas production – affects U.S. energy and national security and gives our country the chance to positively impact global stability. A part of that conversation is the significant role the Keystone XL pipeline could play in securing our energy future, allowing our country to have greater influence abroad.

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The Geopolitical Strength of U.S. Energy

energy policy  doe  Jack Gerard  lng exports  global markets  natural gas  liquefied natural gas  us chamber of commerce  russia 

Mark Green

Mark Green
Posted March 5, 2014

Politico reports (sub req'd) that the Energy Department plans to stick with its “case-by-case” approach to approving natural gas export projects – even as some policymakers say speeding up the process would send a strong signal that the United States is  a leader in global energy markets, expanding its ability to broaden supply options and defuse energy-related standoffs like the one playing out between Russia and Ukraine.

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Energy Policies Should Help, Not Hurt America’s Resurgence

american energy  Energy Security  energy policy  fracking  exports  keystone xl pipeline  taxes 

Mary Leshper

Mary Schaper
Posted January 23, 2014

What The Captain & Tennille Teach Us About Energy Policy

Forbes: Love apparently didn’t keep the ’70s pop duo Captain & Tennille together.Toni Tennille has filed for divorce from Daryl Dragon after 39 years of marriage. Just as the pair’s most famous standard now rings false, so does our 1970′s notion of energy security. For the past 40 years, U.S. energy policy has been married to the idea of scarcity. Following the oil embargoes of the 1970s, we built policies, from export bans to ethanol mandates, based on the idea that we would forever be at the mercy of other oil-producing nations.

The hydraulic fracturing boom, however, has changed all that. North America is undergoing an energy renaissance. Domestic crude oil production has reached parity with imports, and the International Energy Agency predicts the U.S. may become the world’s largest energy producer as early as next year. Yet our policies remain stuck in the dark ages of scarcity. Lawmakers on both sides of the aisle are resisting efforts to lift the 1970s-era ban on crude exports, citing issues of “energy security.”

As Sen. Edward Markey, D-Mass., told the Wall Street Journal: “If we overturn decades of law and send our oil to China and other markets, oil companies might make more money per barrel, but it will be American consumers and our national security that will pay the price.”

There’s a difference between ensuring our energy security and hoarding resources. With our newfound abundance, security comes through continued development of domestic reserves.

Read morehttp://onforb.es/KMM7kV

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