Energy Tomorrow Blog
Posted January 17, 2012
In an economy with more than 13 million Americans out of work, every potential new job matters, right? Wrong, according to some Keystone XL pipeline opponents.
Though the Keystone XL is the largest shovel-ready project around, the construction and permanent jobs it would create get little credit from people who oppose the pipeline or the Canadian oil sands crude it would carry – or both. This, from Natural Resources Defense Council President Frances Beinecke, is pretty representative:
“Rather than bringing us energy security, it will transport dirty Canadian oil through America's heartlands – for delivery to China and other countries. Rather than bringing us prosperity, it will leave us with a legacy of poisoned lands and waters. All for, at most, 100 permanent jobs?”
Posted January 13, 2012
Compelling video from the office of U.S. House Speaker John Boehner that cuts to the heart of the case for approving the Keystone XL pipeline project
Posted January 12, 2012
From where we sit, a new White House report that gives substantial credit to natural gas production for recent growth in U.S. manufacturing looks pretty darn good. In this economy, lots of Americans surely would agree.
The report, “Investing in America: Building an Economy That Lasts,” notes the loss of 3 million manufacturing jobs from 2001-2007 – but then the addition of 334,000 of those jobs the past two years. That second number is due in no small part to the production of natural gas from shale through hydraulic fracturing. The White House:
Posted January 12, 2012
News that the United States was a net exporter of finished petroleum products last year prompts logical questions – and some wrongheaded commentary – about refining, the proposed Keystone XL pipeline and whether finished products should be leaving the country. Energy blogger Robert Rapier argues net exports are good news for the U.S. economy and quite reasonable in what is, in fact, a global market.
“This news did not sit well with some people, who argued that those exports could have been better used in the U.S. I read numerous comments from people angry that we are exporting fuel. In fact, one of the arguments against the Keystone Pipeline is that the fuel could end up being exported after it is refined. I don’t think the people who are making these arguments have thought this through very well.”
Posted January 11, 2012
Policies have consequences. Certainly, we’ve seen economic impact in the 2010 decision to halt deepwater drilling in the Gulf of Mexico and the subsequent slow pace of oil and natural gas permitting. A new study released by API underscores this:
The effects of the deepwater drilling moratorium and subsequent permit slowdown have already reduced total capital and operating expenditures in the Gulf of Mexico by a combined $18.3 billion for 2010 and 2011 relative to pre‐moratorium plans. Since April 2010, eleven deepwater drilling rigs have left the Gulf of Mexico. These rigs have gone to countries such as Brazil, Egypt and Angola. Through 2015, the investment in other regions instead of the U.S. associated with these rigs is estimated to be over $21.4 billion including drilling spending and associated project equipment orders, even accounting for the portion of equipment that will likely be manufactured in the United States. As a result of decreases in investment due to the moratorium, total U.S. employment is estimated to have been reduced by 72,000 jobs in 2010 and approximately 90,000 jobs in 2011.
Posted January 10, 2012
Editor’s note: Guest post from the good folks at Energy Nation.
With less than 30 days until President Obama must decide whether or not to approve the Keystone XL pipeline, the debate over this critical project continues to heat up in Washington. Once approved, the project will create 20,000 jobs, and bring secure supplies of oil from Canada and the U.S. upper Plains states to refineries on the Gulf coast. In order to win approval, API is working with our industry advocacy program, Energy Nation, to educate the industry community about the importance of this project.
Posted January 9, 2012
Check out the slideshow below for a visual on the new “Vote 4 Energy” campaign – as currently seen in the Capitol South Metro station.
The goal is to raise voter awareness of energy issues in this election year. The hope is more Americans will see their vote this year as key to a pro-energy development approach that could create jobs, generate tax revenues for our government and help make America more secure.
Posted January 5, 2012
Will Americans vote energy in 2012? We think they should, and API President and CEO Jack Gerard made a compelling argument for it yesterday at the second State of American Energy event in Washington, D.C.
Gerard’s speech was both an appeal and a signal. The appeal: America’s oil and natural gas industry believes there’s never been a better time for a fact-based debate on energy that focuses on ways to help make this country more energy self-reliant and more secure. The signal: API’s new Vote 4 Energy campaign is under way, designed to persuade American voters to be energy-issue voters in this election year.
Posted January 4, 2012
Challenge: Getting more Americans to see themselves as energy-issue voters in 2012.
Solution: API’s Vote 4 Energy campaign, launched today at the second State of American Energy event at Washington, D.C.’s Newseum.
In a keynote speech President and CEO Jack Gerard framed the energy-related issues upon which API hopes to engage Americans with the new informational campaign:
- America as an energy-rich nation.
- America’s oil and natural gas industry as a tremendous catalyst for job creation, economic growth and energy production.
- Energy as key to America’s future security.