Energy Tomorrow Blog
Posted March 10, 2017
We’ve talked quite a bit about the way America’s energy renaissance is benefiting consumers, supporting the economy, strengthening our security, reducing U.S. energy-related carbon emissions to 25-year lows and bringing overseas wealth into this country through the export of crude oil and natural gas.
There’s even more: U.S. exports of refined petroleum products are soaring. Here’s a chart developed from U.S. Energy Information Administration (EIA) data, showing that exports of refined products have more than doubled in the past decade to about 3 million barrels per day…
Posted February 13, 2017
A new era of U.S. energy exports is under way. The United States started freely trading crude oil in January 2016, following congressional legislation to end a 1970s-era ban on exports. The same month the first cargo of U.S. LNG produced from shale left Cheniere Energy’s Sabine Pass export terminal. Last month, export volumes from Sabine Pass reached a record 1.476 billion cubic feet of gas equivalent, according to Platts Analytics. Exports of LNG and crude oil both offer multiple economic benefits.
Posted January 25, 2017
American energy also should be able to reach new markets abroad. Freely trading U.S. crude, LNG, petrochemicals and finished products made from petroleum and natural gas is key to strengthening U.S. competitiveness around the globe, economic growth and domestic energy production.
Posted January 6, 2017
Sometime in the mid-2020s, U.S. energy officials project, two key lines measuring energy imports and exports will cross, and the United States will have achieved something quite special – the advent of an era in which America is a net energy exporter. That’s one of the big projections contained in the U.S. Energy Information Administration’s newly released Annual Energy Outlook for 2017 (AEO2017).
Posted December 28, 2016
Posted December 7, 2016
It’s hard to overstate the importance of America’s fracking-led energy renaissance – to our economy, individual households, energy security, the environment and to America’s ability to shape global events for the good. That last point is being underscored right now.
Posted November 30, 2016
Posted November 16, 2016
With legislation to streamline and expedite approvals for U.S. LNG export projects pending in Congress, the U.S. ambassadors of Lithuania, the Czech Republic, Estonia, Hungary, Latvia, Poland and Slovakia wrote to congressional leaders this week, urging action. From their letter to House Speaker Paul Ryan (letters also were sent to Senate Majority Leader Mitch McConnell, Senate Minority Leader Harry Reid and House Minority Leader Nancy Pelosi):
Posted October 3, 2016
As is the case with any tradable commodity, selling U.S. natural gas outside this country promotes domestic jobs and economic growth. Expanding demand for U.S. natural gas in global markets through LNG exports will result in increased domestic investment, enhanced GDP growth, rising incomes and more well-paying jobs. At the same time, U.S. LNG exports will expand global natural gas markets – enhancing U.S. influence to encourage transparency and fair market rules while strengthening relationships with our allies.
Posted September 29, 2016