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Energy Tomorrow Blog

A Break in the LNG Exports Logjam

lng exports  us energy security  trade  ferc 

Mark Green

Mark Green
Posted February 22, 2019

A big win this week for U.S. liquid natural gas exports: The Federal Energy Regulatory Commission’s approval of the Calcasieu Pass liquid natural gas (LNG) export facility in Louisiana – marking an end to a two-year logjam on LNG export approvals while boosting American global energy leadership and signaling opportunity to European allies who’ve been beholden to Russia for natural gas.

The $4.5 billion Calcasieu Pass project near Cameron Parish will be able to export 10 million metric tons per annum of LNG per year. Venture Global first applied for FERC approval for the facility in 2015. About a dozen other proposed facilities await FERC approval. Now, perhaps, the end’s in sight. 

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Petroleum Exports Retreat Suggests Global Economic Weakness

petroleum products  refineries  exports  economic growth  energy production 

Dean Foreman

Dean Foreman
Posted February 14, 2019

API’s Monthly Statistical Report (MSR), based on January data, is a good news/challenging news proposition.

First the good. January data tell us the U.S. has never produced more oil (11.9 million barrels per day, mb/d) and natural gas liquids (4.9 mb/d). 

At the same time, U.S. refineries ran at their highest rates (93 percent capacity utilization) and produced the most they ever have for the month of January (17.3 mb/d). Moreover, domestic gasoline demand also was the greatest on record for the month of January (8.9 mb/d). These are terrific milestones. ... But some interesting challenges also emerged.

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Climate Change Threats are Real – Policy Solutions Must Be As Well

consumers  climate change  energy  congress  economic impacts 

Mark Green

Mark Green
Posted February 13, 2019

The Green New Deal is getting quite a bit of attention in Washington right now, and naturally, people want to know what the natural gas and oil industry thinks about the proposal to revolutionize America’s economy and way of life – since it appears the plan aims to eliminate natural gas and oil, the nation’s leading fuels, right when there’s record energy demand by consumers.

My reaction is that any proposal that would fundamentally reorder American energy – and the way of life in this country – should first be measured by its impacts on American consumers, the economy and the country’s opportunity for future prosperity.

Especially this one. There’s little question that GND would significantly alter America as we know it.


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The ‘Amazing’ U.S. Shale Revolution

us energy security  oil and natural gas production  oil imports  shale energy  hydraulic fracturing 

Mark Green

Mark Green
Posted February 12, 2019

Recent tweet from the American Enterprise Institute’s Mark Perry includes a chart that vividly illustrates one of the biggest benefits of the U.S. energy revolution. First, it plots soaring U.S. net petroleum imports, which peaked at 60.3 percent in 2005, and then logs the plunge to just 12.1 percent last year. The thing that caught my eye in Perry’s tweet is that the time frame for his graph, 1957-2018, is pretty much the span of this blogger’s life.

Most importantly, in one generation, the United States has gone from steadily growing energy dependency to a nation that’s largely in control of its energy destiny. It’s a turnabout many of Americans never thought possible. Remarkable. Breathtaking. Or, as Perry tweets, amazing.


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Advancing the U.S. Energy Revolution

energy  oil and natural gas  infrastructure  trade  us energy security 

Mark Green

Mark Green
Posted January 24, 2019

On a day when the U.S. Energy Information Administration (EIA) published its new Annual Energy Outlook – forecasting that the U.S. will become a net energy exporter next year through 2050, growing natural gas share in fueling electricity and rising liquid natural gas exports – API President and CEO Mike Sommers talked about sustaining and growing the engine of all these trends and more: the U.S. energy revolution.

The reason is simple: Where U.S. energy is and where it could go hinge on extending that revolution – to support economic growth, increase U.S. security in the world and help advance environmental and climate goals.

Sommers’ remarks at the U.S. Energy Association’s State of the Energy Industry Forum outlined the key goals for the American energy sector.


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Energy For Modern Life

consumers  consumer products  heating fuels  energy  electricity 

Jessica  Lutz

Jessica Lutz
Posted January 22, 2019

Natural gas and oil are integral in all parts of modern life, every hour of every day. They serve as the building blocks for products and components associated with health care, clean water, education, entertainment, communications, art, agriculture and more. They fuel our transportation and power our 21st-century electricity grid – while making possible so many products that make life easier, healthier and safer.

This message was one of the takeaways from API’s recent State of American Energy event, and is captured in our latest video, “America’s Generation Energy.”

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A New Chapter in the U.S. Energy Revolution

oil production  us energy security  imports  global energy 

Mark Green

Mark Green
Posted January 18, 2019

The new Short-Term Energy Outlook from the U.S. Energy Information Administration (EIA) details the vigor of American crude oil production and strengthening U.S. energy security. This is good news for the economy, consumers and America's place in the world.

Consider that EIA estimates U.S. crude oil production averaged 10.9 million barrels per day (b/d) in 2018, an increase of 1.6 million b/d over 2017. EIA says production reached its highest level and had its largest volume growth on record.

EIA estimates crude oil and petroleum products net imports fell to an average of 2.4 million b/d in 2018, from 3.8 million b/d in 2017 – and 12.5 million b/d in 2005. And EIA forecasts that net imports will keep declining this year, to an average of 1.1 million b/d and to less than 0.1 million b/d in 2020. EIA forecasts that in the fourth quarter of 2020, the United States will be a net exporter of crude oil and petroleum products by about 0.9 million b/d.


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Energy For A Cleaner Environment

emission reductions  state of american energy  natural gas  climate 

Jessica  Lutz

Jessica Lutz
Posted January 16, 2019

Welcome to America’s Generation Energy – Americans from all walks of life who have unique opportunities for work, prosperity, health and quality of life thanks to abundant U.S. natural gas and oil.

Our industry is helping lead the way. We’re delivering record volumes of the natural gas and oil that power and support modern life, and we’re doing so with lower emissions and cleaner, more efficient products and operations. 


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What Louisiana Can Tell Virginia About Safe Offshore Development

offshore energy  safe operations  oil and natural gas 

Mark Green

Mark Green
Posted January 10, 2019

Coastal states that have hosted offshore natural gas and oil development for decades illustrate how advanced industry technologies and an emphasis on safety – protecting people and the environment – make offshore energy a great opportunity for other states.

A diverse group of business and industry leaders from Virginia – which could be included in the administration’s soon-to-be-unveiled offshore leasing program – recently visited Louisiana, which has had a long, successful experience with offshore development.

The visiting delegation wanted to see first-hand how offshore operations affect coastal areas, individual communities, the state and regional economy, other water activities and more – all feeding enthusiasm for what safe and responsible offshore energy could mean for Virginia.


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Energy to Lead

state of american energy  oil and natural gas production  us energy security 

Mark Green

Mark Green
Posted January 9, 2019

“Say hello to the future!” It’s one of the big takeaways from this week’s State of American Energy event, captured in the early frames of API’s new video, “America’s Generation Energy.” 

The people of natural gas and oil indeed are looking ahead. As a nation, Americans can greet the future with optimism because our country has secure and abundant energy – the foundation for economic growth, an array of consumer benefits, increased security and environmental progress.

These points are underscored in API’s just-released annual report. It notes that our industry has made history with record-breaking natural gas and oil production, which is making lives better and playing a big role in shaping the future. 

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