Energy Tomorrow Blog
Posted August 10, 2018
A newly released report from the Natural Gas Council demonstrates the resiliency of our nation’s natural gas industry – even in the face of extreme weather events or direct threats to the system, whether physical or cyber.
Posted August 8, 2018
A couple of observations on China’s announcement late last week that it may impose a 25 percent tariff on U.S. shipments of liquefied natural gas (LNG) to that country – which would be in retaliation for announced U.S. tariffs on certain Chinese goods coming into this country.
First, China was the third-largest importer of U.S. LNG in 2017, accounting for nearly 15 percent of our LNG exports, according to the U.S. Energy Information Administration (EIA). As those numbers indicate, this exchange of tariffs could leave a mark as far as U.S. energy exports are concerned. ...
If U.S. energy exports are restricted – at the same time trade policies have been adopted that increase the cost of the steel our industry uses – there’s a risk of significantly affecting a sector that has been a driving force for economic growth. It’s a big price to pay.
Posted August 7, 2018
You’ve probably noticed some changes to API’s social media channels. The messages on Facebook and Twitter are the same, but we're streamlining your access to news, analysis and commentary on natural gas and oil issues, which we believe will foster even more conversation about energy.
Beginning Aug. 20, there’ll be another change: The Energy Tomorrow Blog will move to API.org as we pull together primary API content on our home website.
Posted August 7, 2018
Recently, we discussed how natural gas and oil production and energy exports were major contributors to robust second-quarter growth by the U.S. economy – by themselves generating nearly half of the increase in U.S. real exports in Q2.Yet, there’s concern that escalating U.S. trade restrictions and looming disputes could threaten global trade and economic growth. We’ve talked about tariffs and quotas directly impacting the natural gas and oil industry – China last week announced a 25 percent tariff on U.S. liquefied natural gas – but the potential effect is broader than just our industry, as indicated in last week’s post on possible food price impacts.
Posted August 3, 2018
Did you know that we’re a week away from National 8-1-1 Day? It might not sound as exciting as National Donut Day, or the recent National Emoji Day (really!), but it might just save you from a huge hassle and keep you safe the next time you plant trees or shrubs.
Posted August 2, 2018
We’ve spelled out the potential dangers to Colorado energy production and the state economy posed by Initiative 97, a measure backed by environmental extremists that would require an extraordinary, 2,500-foot buffer zone between natural gas and oil development and occupied structures and “vulnerable” areas (see here and here). With backers nearing a deadline to collect just over 98,000 valid signatures to qualify the measure for the November ballot, those negative impacts are even starker.
Posted August 1, 2018
EPA’s latest air quality report shows the air Americans breathe is cleaner than it has been in more than four decades – with increased use of natural gas and cleaner motor fuels playing leading roles.
Posted July 31, 2018
U.S. Energy Secretary Rick Perry makes a number of important points about domestic natural gas and oil production, hydraulic fracturing and U.S. energy exports in a piece for CNBC. These include: The United States is shedding dependence on imported energy; U.S. energy exports are helping friends and allies overseas; and natural gas is helping the U.S. lead in cutting greenhouse gas emissions.
Posted July 31, 2018
The U.S. natural gas and oil industry is committed to reducing emissions and addressing environmental challenges. Consider:
- Industry’s $108.2 billion in direct spending on greenhouse gas mitigating technologies from 2000-2016 was more than double the investments of each of the next two private industry sectors.
- Methane emissions from natural gas and petroleum systems are down 14 percent since 1990, even as natural gas output increased more than 50 percent over the same period.
- Thanks to increased use of domestic natural gas, the United States leads the world in cutting carbon dioxide, reducing levels to 25-year lows.
These efforts result from industry initiative, not government policy. Companies are demonstrating that meaningful solutions can be achieved through voluntary, collaborative efforts, and the U.S. is breathing easier as a result.
Posted July 27, 2018
The U.S. gross domestic product (GDP) increased 4.1 percent in the second quarter at a seasonally-adjusted annualized rate, its best pace since 2014, driven by strong consumer and business spending as well as a surge in exports ahead of retaliatory tariffs from China. As the energy renaissance has continued to raise U.S. natural gas and oil production and exports to record levels, these abundant and affordable fuels and feedstocks contribute to the economy and — by themselves — generated nearly half of the growth in U.S. real exports in Q2.