Energy Tomorrow Blog
Posted April 10, 2018
Men and women who’ve worn the uniform of the United States view “energy security” through a different lens than the rest of us. To many of them the American energy revolution – with oil production projected to reach 10.7 million barrels per day this year, and the U.S. becoming a net natural gas exporter for the first time in nearly 60 years – means our armed forces are less likely to be deployed to faraway places to protect energy interests. The point was underscored at a Vets4Energy event today at API.
Posted March 15, 2018
We’ve seen this movie before: Anti-natural gas and oil advocates put out a “study” or a “report” linking cancer, asthma, low birth weights and (fill in the blank) to industry operations. Scare headlines follow – with truth, as it so often does, lagging behind.Frequently, the methodologies used in these studies lead to flawed or flimsy conclusions. For example, it’s poor methodology to confuse health effects correlation with causation. Correlation is two things occurring side by side; causation is proving scientifically that one caused the other.
Posted February 16, 2018
U.S. crude oil production scored a perfect “10” in January – make that 10.2, to be precise, as in 10.2 million barrels per day (mbd). That record production, combined with a new high for refinery throughput and 6.3 mbd of crude oil and refined product exports, narrowed the price difference between U.S. and international crude prices last month and underscored the global impact of U.S. energy. All of this data and more may be found in API’s Monthly Statistical Report for January.
Posted February 7, 2018
The broad, impactful outlines of the U.S. energy renaissance in a couple of recent data points: In November, U.S. crude oil production reached 10.038 million barrels per day – a level not seen in 50 years – largely with advanced hydraulic fracturing unlocking oil from tight-rock formations; the United States is projected to be a net exporter of energy by 2022 in most scenarios studied by the U.S. Energy Information Administration. Strong domestic production will play a major role, EIA says.We’ve arrived at this point – with significant positive implications for American security and economic growth – for a couple of reasons: vast natural gas and oil reserves and an innovative, technologically advanced industry that has been able to safely and responsibly develop those energy reserves to the benefit of American consumers, businesses and manufacturers.
Posted February 1, 2018
– the most in half a century. Three big takeaways: America is stronger and our future is more secure; our industry's technologies are building a better future; and U.S. energy is in it for the long haul.
Posted January 31, 2018
Posted January 30, 2018
For the first installment of my API Chart of the Month series, let’s look at a pair of charts that show the strengthening of U.S. trade positions for petroleum – crude oil and refined products – and natural gas – supported by trade pacts such as the North American Free Trade Agreement (NAFTA). This is especially timely given the possibility trade will come up during tonight’s State of the Union address.
Posted January 29, 2018
Posted January 26, 2018
API’s Monthly Statistical Report (MSR) is a goldmine of information about our industry – and now the public can access it for free. Responding to new and evolving marketplace needs, API is now sharing the MSR free of charge on its website beginning this month. The report includes analysis of recent developments for major products, imports, refineries and inventories – accompanied by API graphs.
Posted January 19, 2018
The past week or so we’ve talked a lot about how natural gas and oil help Americans power past the impossible – meeting the challenges of today and building a path to a better future. See API’s 2018 annual report, check out our keynote video and listen to API President and CEO Jack Gerard’s State of American Energy remarks. All point to the positive momentum for our nation provided by secure, abundant energy. Now, how do we keep it going? Gerard, speaking at the U.S. Energy Association’s State of the Energy Industry Forum, focused on three critical points for sustaining America’s energy renaissance.