Energy Tomorrow Blog
Posted April 28, 2016
Bringing home recognition of the U.S. energy renaissance and its benefits to policymakers in Washington is critically important. Sustaining and growing the domestic surge in oil and natural gas production depends on forward-looking leadership and sound policies.
No less critical is increasing Americans’ buy-in on the golden opportunity to foster economic growth well into the future, create jobs, produce consumer savings and strengthen U.S. standing in the world, all thanks to more home-grown energy – and all occurring as the United States leads the world in reducing carbon emissions.
Posted April 21, 2016
U.S. Senate passage of energy legislation is an important step forward in the effort to sustain and grow a U.S. energy revolution that’s making America more energy secure, benefiting consumers and helping the environment.
For the first time since the energy renaissance materialized, both houses of Congress have passed bipartisan, comprehensive energy-assisting legislation. The initiatives signal a commitment to matching energy policy with the new U.S. energy reality, one in which the United States is the world’s leading producer of oil and natural gas. They also suggest lawmakers recognize that, on a bipartisan basis, voting Americans support more domestic energy development – as well as candidates who do the same.
Louis Finkel, API executive vice president, talked about the advancing legislation and the opportunities that are being provided by American energy during a conference call with reporters.
Posted April 19, 2016
Some important context before a discussion of a flawed emissions report from EPA, which follows below.
The United States is the world’s No. 1 producer of oil and natural gas – largely thanks to safe and responsible hydraulic fracturing and advanced horizontal drilling. Natural gas production reached a record high level of 79 billion cubic feet per day in 2015, according to the U.S. Energy Information Administration (chart), while total U.S. energy output increased for the sixth consecutive year.
The increased natural gas production and use is critically important, as it is the key factor in reduced carbon emissions during a period of U.S. economic expansion – a break with historic precedent noted by the New York Times. Indeed, the United States is leading the world in carbon emissions reductions, largely thanks to its energy revolution.
Posted April 14, 2016
Take a look at details of API’s energy policy recommendations to the two political parties from this week’s Vote4Energy event. They include access to oil and natural gas resources and an approach to oversight that fosters the goal of safe and responsible energy development.
Access is critically important, especially when you’re talking about developing offshore oil and natural gas reserves. Today, 87 percent of offshore acreage under federal control remains off limits to energy development.
Posted April 13, 2016
There’s a candidate in the 2016 campaign that’s a true unifier, a candidate reflecting the views of an overwhelming number of Americans and one that’s capable of being a sturdy bridge between Washington’s partisan interests:
As the 2016 general election campaign season approaches, API this week unveiled its energy policy recommendations for the platform-writing committees of the Democratic and Republican parties. More on these below.
First, let’s focus on the United States’ current energy reality and the once-in-a-generation opportunity the U.S. energy revolution is providing for security and prosperity, which API President and CEO Jack Gerard described as the context for industry’s platform report during a briefing and discussion event in Washington.
Posted March 30, 2016
Methane emissions have dropped significantly. Since 2005, emissions from field production of natural gas have dropped 38 percent, and emissions from hydraulically fractured natural gas wells have plunged 79 percent.
These facts bear repeating in light of the Obama administration’s announcement that it is pursuing yet another set of methane regulations. Not only are the additional regulations duplicative and unnecessary, given industry’s success in reducing emissions under current regulations, but the new rules could actually undermine progress.
Posted March 29, 2016
A quick list of some of the benefits realized by the United States thanks to modern hydraulic fracturing and advanced horizontal drilling:
Surging oil and natural gas production
The United States is the world’s leading producer of oil and natural gas, resulting in lower oil imports and an opportunity for the U.S. to compete with other producers in the global market.
According to the U.S. Energy Information Administration, oil production from safely fractured wells totaled more than 4.3 million barrels per day in 2015, about half of all U.S. oil output.
Posted March 15, 2016
With the Obama administration’s decision not to include the Atlantic in the next federal offshore leasing program, let’s connect some dots that put this unfortunate decision in a fuller context – one where the administration is choosing retreat instead of progress with its energy strategy.
First, America’s energy revolution is a once-in-a-generation opportunity that has put this country on a path toward economic growth, consumer benefits, environmental progress and a more secure energy future. Yet, omitting the Atlantic from the five-year leasing program that will largely guide offshore development from 2017 to 2022 is retreat, not progress, in efforts to produce more energy right here at home.
It’s the wrong path for America – a path also defined by administration policies that have resulted in declining oil and natural gas production on federal lands, an onslaught ofunnecessary regulation and continuation of the harmful Renewable Fuel Standard (RFS). It’s a path that has made energy infrastructure development more problematic, a path that will negatively impact American households and one that could see the U.S. become less secure and less competitive in the world.
Posted March 10, 2016
When EPA announced a push for additional regulation on methane emissions from new oil and natural gas operations late last year, we said it looked like a solution in search of a problem – especially considering the agency’s own data showing that since 2005 methane emissions from hydraulically fractured natural gas wells had fallen 79 percent.
Regulators gonna regulate. And then regulate some more.
With the Obama administration’s announcement that it wants to regulate methane emissions from existing oil and gas sources – again, where remarkable reductions already are happening – shows EPA and the White House much more concerned about extreme agendas than the needs of American consumers.
Posted March 9, 2016
Offshore oil production in the Gulf of Mexico is set to reach a record high next year, according to new projections from the U.S. Energy Information Administration (EIA). By the end of 2017, production is projected to reach 1.9 million barrels per day, accounting for 21 percent of total U.S. crude oil production.
That represents a crucial contribution to America’s energy security, economy and global energy leadership. Imagine if we doubled it. Opening areas in the Atlantic, Pacific and Eastern Gulf of Mexico could lead to production of more than 3.5 million barrels of oil equivalent per day – almost twice the amount EIA projects we’ll hit next year in the western Gulf alone.