Energy Tomorrow Blog
Posted March 22, 2017
Exports of finished petroleum products – including finished motor gasoline, propane, distillate fuel oil and others – to Canada and Mexico are a big part of the North American energy market that we posted on here, a market that is providing economic and security benefits to all three countries.
Posted February 6, 2017
Posted January 4, 2017
The Twitter-sphere did a good job reflecting many of the key messages from API’s annual State of American Energy event in Washington: economic growth, jobs, collaboration, solution-finding and bipartisanship.
Posted October 27, 2016
With Halloween nearly upon us, just about everyone’s got a set of stencils for turning pumpkins into fantastic jack-o-lanterns. The U.S. Energy Department’s collection of energy-themed stencils is terrific, but lacks patterns for oil and natural gas. Considering that oil and gas supply 65 percent of the energy Americans use today and are projected to furnish 67 percent of our energy in 2040, that got us to thinking: “Hey, without oil and natural gas, there wouldn’t be pumpkins to carve!”
Posted July 6, 2016
Good to hear President Obama extolling some of the benefits of the U.S. energy revolution this week in North Carolina, starting with security and consumer benefits. Both are firmly linked to surging domestic oil production – which of course is why the United States leads the world in oil and natural gas output. The president:
“Remember when we were all concerned about our dependence on foreign oil? Well, let me tell you, we’ve cut the amount of oil we buy from other countries in half. Remember when the other team was promising they were going to get gas prices down in like 10 years? We did it. … So we have been able to shape an energy policy that’s good for families, good for your pocketbook.”
Indeed, producing more oil and gas here at home has had great impact on U.S. energy security and security overall. The United States is stronger in the world today because it is less dependent on others for imported energy. According to the U.S. Energy Information Administration (EIA), net imports stood at 4.6 million barrels of oil per day in 2015 – lower than any year since they were at 4.2 million barrels per day in 1985. EIA projects that in 2040 net crude imports will drop to about 1.5 million barrels per day.
Posted April 19, 2016
The United States has about 25,000 miles of navigable waterways and channels – vital transportation infrastructure for the delivery of raw materials and products that American consumers count on every day. Yet, as vital as these waterways are, they don’t always get as much attention as highways, roads and railroads.
With Congress likely to take up legislation that will include funding for waterways in the next month or so, it’s a good time to link that debate with the critical role water-borne commerce plays.
Posted April 14, 2016
Sneezing is essential to good health – and so are modern pharmaceuticals. Whether your problem is an allergy, a head cold or something more serious, modern medicines help make life healthier, more comfortable and better. Energy is there, too, with chemicals derived from petroleum serving as the building blocks for Aspirin, antibiotics and other helpful stuff. And, of course, energy is integral to the manufacture of pharmaceuticals – for equipment, plant operations and delivery systems.
The flu season has passed, but spring means the onset of allergy season, with budding trees, blooming flowers and birds coming home from southern winter vacations. Over-the-counter and prescription medications make springtime more pleasant for millions of allergy sufferers. Americans spend almost $15 billion a year on allergy medicines. The active ingredients may vary, but all allergy drugs and other pharmaceuticals that improve our health and quality of life depend on energy.
Posted February 5, 2016
Our industry is committed to helping America’s veterans who’re looking for civilian jobs after finishing their military service. This week API and Vets4Energy unveiled a new web toolthat should help veterans match their skill sets with those needed in the energy industry. Likewise, the site will help employers looking for military occupations that could factor into their hiring needs.
The new web tool is timely, with more than 1 million military service members expected to transition to civilian life over the next four years, according to the new site. More than 8.4 million military veterans are under the age of 60.
Posted November 16, 2015
According to data from the U.S. Energy Information Administration (EIA), increased use of natural gas – part of the abundance produced by the American energy revolution – is a big reason monthly power sector CO2 emissions in this country were near a 27-year low earlier this year. And, the United States leads the world’s top economies in reducing greenhouse gas emissions from energy.
We say this to make the point that on the eve of Paris, the United States is achieving the kinds of emissions reductions everyone else is just talking about. We have results where others have only rhetoric. As the Obama administration prepares its envoys for Paris, it has a ready-made, real-world case study in place that it should be talking about at the summit.
Posted October 1, 2015
Here’s probably the most important thing to know about new, more restrictive ozone standards announced by the Obama administration: They could impact job growth in nearly one-third of all counties or county equivalents in the United States, according to a recent API analysis of EPA data. That’s 958 counties – up from just 217 under the current standards – projected to be in non-attainment with ozone standards set at 70 parts per billion (ppb).
So, unless Congress acts (as it should), get ready. These new standards will pretty much hit a lot of Americans right where they live – potentially hurting jobs, chilling investment and curbing business activity, for little or no public health benefit.