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Energy Tomorrow Blog

American Energy, America’s Communities

api standards program  industry standards  energy development  hydraulic fracturing  horizontal drilling  oil and natural gas  government revenue  community  exploratory well 

Kyle Isakower

Kyle Isakower
Posted July 9, 2014

Hydraulic fracturing is a proven, safe technique that has been used since 1949 in over one million wells right here in the U.S. As a result, America is now the number one producer of natural gas in the world, and by 2015, it is expected that we will take the top spot in crude oil production. Of course, with this success, come both benefits and challenges.

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A New Chill on New York Energy Development

energy development  fracking  hydrofracking  hydraulic fracturing  new york  natural gas benefits 

Mark Green

Mark Green
Posted July 1, 2014

Oh, New York. As if your six-year-old moratorium on hydraulic fracturing – an unforced error that’s costing thousands of jobs and dynamic growth – isn’t bad enough for your economy, now there’s a court ruling extending the opportunity for dubious policymaking to the local level, potentially impacting state residents who can least afford it.

This week’s decision by the state Court of Appeals, that towns and municipalities may ban hydraulic fracturing within their borders, looms as a new frustrating turn for landowners. Especially those in the Southern Tier, an economically starved belt of counties along the Pennsylvania border.  

It’s hard to see how energy development – that could save family farms, provide good career paths for the region’s young people and boost the regional economy – wouldn’t be chilled by the prospect of a string of localized bans. For New York property owners, the ruling could mean that economic development will continue to be something that happens in Pennsylvania, not at home.

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America’s Energy Opportunity Choice

american energy  energy development  keystone xl  economic benefits 

Mark Green

Mark Green
Posted May 13, 2014

Opportunity, jobs, investment, economic growth – all are in the balance as America chooses it course on energy development. Thanks to the U.S. energy revolution, built on surging production of oil and natural gas from shale and other tight-rock formations, for the first time in decades Americans can choose the energy narrative instead of having it dictated to them.

These themes were highlighted during “The Great Energy Debate” hosted by Politico. With congressional mid-term elections coming this fall, the discussion is timely and so very important to what could be an historic choice.

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Energy, Exports and an Improving U.S. Trade Balance

energy exports  domestic energy development  trade  petroleum products 

Mark Green

Mark Green
Posted February 7, 2014

Big news from the Commerce Department this week is that U.S. exports rose to a new high in 2013 and imports dropped to their lowest level since 2009 for the smallest U.S. trade deficit since 2009 – thanks largely to reduced oil imports due to growing domestic production and record exports of products made from petroleum. The Wall Street Journal (subscription required) reports:

A booming domestic energy industry is largely responsible for the turnaround. Not adjusted for inflation, the value of petroleum exports—a category that includes gasoline, kerosene, lubricants, solvents and other products—reached a full-year peak in 2013. Petroleum imports, by value, were the lowest since 2010 and the volume of crude-oil imports, at 2.8 billion barrels, were the lowest since 1995.

Bloomberg reports the U.S. trade gap narrowed to $471.5 billion last year from $534.7 billion in 2012, with the trade balance on petroleum products shrinking to 20.2 percent, the biggest decline in four years.

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An Energy, Jobs, Security and Growth Agenda

energy development  keystone xl pipeline  jobs creation  economic growth  access  fracking  energy exports  renewable fuel standard 

Mark Green

Mark Green
Posted January 27, 2014

Indications are that President Obama’s State of the Union message tomorrow night will key in on making 2014 a “year of action” to create jobs and grow the economy, which he addressed earlier this month in one of his weekly radio addresses:

 “… we’ve got to keep our economy growing, and make sure more Americans have the opportunity to share in that growth.  We’ve got to keep creating jobs that offer new opportunity, and make sure those jobs offer the wages and benefits that let you rebuild some security. … This will be a year of action.  I’ll keep doing everything I can to create new jobs and new opportunities for American families – with Congress, on my own, and with everyone willing to play their part.”

America’s oil and natural industry is ready to play a part in an action agenda that helps advance a number of the president’s goals, including job creation, economic growth, income inequality, environmental protection and energy security.


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World Energy Outlook

energy development  energy demand  iea  domestic energy development  access  oil production 

Mark Green

Mark Green
Posted December 3, 2013

International Energy Agency (IEA) Chief Economist Fatih Birol was at CSIS this week, highlighting the organization’s findings in its 2013 World Energy Outlook. The report focuses on global energy demand growth, the future energy mix and the sources of energy. Key takeaways from Birol’s presentation:

  • The United States could become the world’s leading oil producer as early as 2015, two years earlier than IEA projected a year ago, Birol said.
  • About two-thirds of the growth in global energy demand between now and 2035 will come from Asia.
  • U.S. energy production, especially surging natural gas output from shale via hydraulic fracturing, is creating energy cost differentials that make American products more competitive in the global market.

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U.S. Manufacturing, Chemicals, Plastics <3 Fracking

hydraulic fracturing  fracking  energy development  shale benefits  manufacturing 

Mark Green

Mark Green
Posted December 2, 2013

Our energy renaissance – largely due to development of America’s enormous shale reserves with hydraulic fracturing – can generate good-news stories virtually every day. At the start of the gift-giving season, here are a few of those stories that underscore the opportunity we have in this country to take greater control of our energy future while creating jobs that can lead to better futures for American workers and their families.

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U.S. Needs Responsible Offshore Development, Not Duplicative Regulation

offshore access  offshore energy development  regulatory system  outer continental shelf 

Mark Green

Mark Green
Posted November 26, 2013

API is partnering with the National Ocean Industries Association and the Independent Petroleum Association of America in an effort to warn of a provision in a water development bill (S.601) that could limit future offshore oil and natural gas activity.

In a letter to members of a House-Senate conference committee considering the legislation, the three groups cite a portion of the bill that would create a National Endowment for the Oceans – which the groups argue could result in “additional and unnecessary authority over ocean resources.” The groups write that regulations already exist to manage those resources.

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More Oil and Natural Gas Production, More Revenue for Governments

government revenues  access  energy development  interior department  oil and natural gas 

Mark Green

Mark Green
Posted November 19, 2013

The Interior Department says it disbursed more than $14.2 billion in revenue generated by energy production during the federal fiscal year that ended Oct. 30 – a $2 billion or 17 percent increase over the previous year. The increase included $2.77 billion in bonus bids for new oil and natural gas leases in the Gulf of Mexico. Interior Secretary Sally Jewell:

“Domestic energy production infuses funding into communities across the United States that creates American jobs, fosters land and water conservation efforts, improves critical infrastructure, and supports education. The funding reflects significant energy production from public resources in the United States and serves as a critical revenue stream for federal and state governments and tribal communities.”

Interior said revenues were distributed to state, local, federal and tribal accounts for reclamation, conservation, recreation and historic preservation projects. Local governments use these revenues for needs ranging from funding schools to infrastructure improvements, the department said. More than $8 billion was sent to the U.S. Treasury to fund programs for the entire nation.

Certainly, this is good news. Increased production of U.S. oil and natural gas results in job creation and economic stimulus, as well as more revenue for governments in the form of income taxes, rents, royalties and bonus payments. Every day the oil and natural gas industry delivers about $85 million to the U.S. Treasury. Our effective tax rate of 44 percent (2007-2012) leads other industries.

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Have a High-Energy Halloween!

job growth  jobs creation  domestic energy development  pipeline construction 

Mark Green

Mark Green
Posted October 31, 2013

Wishing everyone a safe and happy Halloween! And, thanks to America’s enormous wealth of oil, natural gas and other energy sources, plus investment and ingenuity supplied by the oil and natural gas industry, it is a high-energy Halloween. No tricks, just treats.

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