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Energy Tomorrow Blog

Unleashing America’s Robust Energy Sector

news  energy exports  crude oil  conocophillips  efficiency  oil and natural gas industry  innovation  pipelines  shale energy 

Mark Green

Mark Green
Posted May 11, 2015

Breaking Energy Opinion (Thorning): The Department of Energy recently approved an application from Alaska LNG to export natural gas. But there’s a catch: these exports can only go to nations where the United States has a free-trade agreement in place.

Never mind the fact that the top markets for LNG are India, China, and Japan, where we don’t have free-trade agreements set up.So essentially, the company is stuck alongside the 20-plus U.S. natural gas companies that are awaiting approval to sell abroad.  Some have been waiting for nearly three years.

Despite the rapid expansion of the American energy sector, the American regulatory apparatus hasn’t kept pace with the industry’s growth. New exploration techniques like fracking have opened up giant swaths of underground energy reserves in places like North Dakota and Pennsylvania. And the operations established to dig up the embedded oil and natural gas have created hundreds of thousands of new jobs and driven billions in new economic activity.

But now, unnecessary regulations are stifling firms with outdated rules. Most notably, the federal approval process energy producers have to navigate in order to sell in foreign markets is extremely restrictive. It’s needlessly difficult for firms to ship surplus oil and gas to eager customers abroad.

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Energy Exports and Global Leadership

news  energy exports  crude oil  shale energy  utica shale  alberta oil sands  infrastructure  technology innovation  water management  keystone xl pipeline 

Mark Green

Mark Green
Posted May 6, 2015

BloombergBusiness: The U.S. will become one of the world’s largest oil exporters if domestic production continues to surge and policy makers lift a four-decade ban that keeps most crude from leaving the country, a government-sponsored study shows.

America would be capable of sending as much as 2.4 million barrels a day overseas in 2025 if federal policy makers were to eliminate restrictions on most crude exports, an analysis by Turner, Mason & Co. for the Energy Information Administration shows. That would make the U.S. the fourth-largest oil exporter, behind Saudi Arabia, Russia and the United Arab Emirates, based on 2013 EIA data. The report assumes domestic output rises by 7.2 million barrels a day from 2013.

The analysis is part of a series of studies the U.S. government is performing following a 71 percent surge in domestic oil production over the last four years. Drillers including Harold Hamm of Continental Resources Inc. and John Hess of Hess Corp. have been calling on the government to lift the ban on crude exports as they pump more light oil out of shale formations from North Dakota to Texas.

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U.S. Energy Stimulus, Policy and Opportunity

news  economic benefits  gasoline prices  energy exports  crude oil  keystone xl pipeline  fracking  infrastructure  innovation 

Mark Green

Mark Green
Posted May 4, 2015

USA Today: The U.S. economy may not be benefiting as much as anticipated from the collapse in oil prices over the past 10 months. In fact, for oil-producing states, the decline of some 50% is taking a toll.

But one thing seems clear: The nation as a whole is nowhere near as susceptible to sharp swings in oil prices — one way or the other — as it was for decades.

That was the message from Jason Furman, the chairman of the White House Council of Economic Advisers and President Obama's chief economist, at a New York forum held by the Columbia University Center on Global Energy Policy.

Furman spoke one day before the U.S. government reported an annual growth rate of just 0.2% for the nation's gross domestic production from January through March, down substantially from a 2.2% pace in the fourth quarter of 2014.

Among the factors was consumer spending, which rose by only 1.9% in the first quarter compared with a 4.4% increase in the previous quarter.

Consumers proved slow to spend their savings from lower gasoline prices, savings that economists estimate at $700 per household, as Furman pointed out. But that reluctance may change soon, to the benefit of the nation's economy, he added.

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Energy, Exports and Production

energy exports  oil and natural gas development  economic growth  ozone  regulation  pipelines  innovation  technology 

Mark Green

Mark Green
Posted April 14, 2015

The National Interest (James Jay Carafano): Increasing American production and export of energy is a win-win-win proposition. It would enhance our national security, make international energy markets more free, and address environmental issues realistically. The next president should lead the campaign for an American energy export agenda. In the meantime, the present Congress can do much to prepare for the march.

The acme of presidential leadership is crafting policies that make the nation safe, free, and prosperous. Satisfying all three priorities is often the Oval Office's greatest challenge. It is like single-handedly trying to get squabbling triplets into their car seats. Yet, the confluence of geopolitics, America's energy abundance, and economic and environmental realities offers an almost unprecedented opportunity to do this successfully.

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Shale Energy Benefits U.S., the World

american energy  fracking  Economy  Energy Security  innovation  efficiency  pipelines 

Mary Leshper

Mary Schaper
Posted April 1, 2015

Wall Street Journal (Holman W. Jenkins Jr.): If not for fracking, oil would probably be $200 a barrel and gasoline $6.50 in the U.S. Western economies would likely be in free fall. The grudging U.S. recovery would be in retreat. The modest and possibly illusory green shoots seen in Europe, largely a function of cheap oil and a strong dollar, would wither. Japan would be even more of a write-off than it already is.

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Technology is Driving Industry Innovation

innovation  technology  jobs  fracking  new york  maryland  pipelines  gulf 

Mary Leshper

Mary Schaper
Posted March 31, 2015

TribLive (Blog): I was taken with the mud the moment they told me it could talk. I had some built-up interest, sure. But its communicative abilities really were the clincher for me. This is the story of how I explored a drilling rig, discovered drilling mud, and got pretty into it.

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Innovation Fuels America’s Energy Renaissance

american energy  innovation  technology  fracking  methane  keystone xl pipeline  anwr  arctic 

Mary Leshper

Mary Schaper
Posted February 19, 2015

TribLive: Mud makes it all possible. “Every component on that rig has something to do with that mud,” said Andrew Zeni, rig supervisor for Consol Energy Inc. “You couldn't drill a Marcellus or Utica well without mud.” This rather unsophisticated-looking brown sludge is a multipurpose tool carefully concocted, mixed and managed to clear a path for gas to surface from 7,500 feet below.

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Energy Infrastructure, for Energy, Jobs, Security

american energy  infrastructure  innovation  fracking  Economy  revenue  keystone xl 

Mary Leshper

Mary Schaper
Posted February 2, 2015

Philadelphia Inquirer (Kevin Colosimo): Gov. Wolf has fulfilled a campaign promise to ban natural-gas drilling on state parklands, but he should ignore suggestions that he go further by instituting a statewide fracking ban. Simply put, a ban would kill the goose that has delivered a lot of golden eggs to the commonwealth. Consider: The natural-gas industry has contributed $34.7 billion to our economy, accounting for 5.8 percent of Pennsylvania's economic activity, according to an American Petroleum Institute study. The same study determined that the oil and natural-gas industry supports 339,000 jobs, or roughly 4.7 percent of the state's total employment. Shale development has generated more than $2 billion in state taxes, according to the state Department of Revenue.

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Technology, Innovation Fuel America’s Energy Surge

technology  innovation  fracking  methane  emissions  jobs 

Mary Leshper

Mary Schaper
Posted December 9, 2014

The Hill: Methane leaks from natural gas drilling and production have fallen from the last estimate more than a year ago, according to a study sponsored by the industry and an environmental group.

 

Leaks of methane, the main component of natural gas, now represent 0.38 percent of production volumes, according to the study released Tuesday.

That is 10 percent lower than what the same University of Texas research team found in September 2013. Methane is a greenhouse has about 20 times more potent than carbon dioxide.

“Study after study shows that industry-led efforts to reduce emissions through investments in new technologies and equipment are paying off,” Howard Feldman, director of regulatory and scientific affairs at the American Petroleum Institute, said in a statement.

 

“This latest study shows that methane emissions are a fraction of estimates from just a few years ago,” he said.

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Energy and the Intersection of Policy, Innovation and Business

american energy  energy policy  oil and natural gas development  congress  innovation  technology 

Mark Green

Mark Green
Posted November 12, 2014

See video below of Thursday's event, hosted by The Hill newspaper, that featured discussion of the energy policy issues that are likely to be front and center in the new Congress, which will have a new Senate majority.

Discussion focused on what’s next in the energy sector – from industry in terms of innovation and other advancements that affect energy development, and from Washington policymakers on Capitol Hill and within the administration.

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