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Energy Tomorrow Blog

New Study Shows Investments in America’s Future

access  investments  natural gas  offshore drilling  oil 

Mark Green

Mark Green
Posted June 5, 2013

Ernst & Young has a new study detailing $185.6 billion in total capital spending by oil and natural gas companies last year – the largest in the history of the firm’s oil and natural gas reserves study. Marcela Donadio of Ernst & Young:

“The increased exploration and development spend we’re seeing in this year’s study speaks to the incredible opportunity unfolding in tight oil from shale formations and the high cost of developing these unconventional resources.”

The study of U.S. upstream (pre-refinery stage) capital spending by the 50 largest companies (based on 2012 end-of-year oil and natural gas reserve estimates) found a 20 percent increase compared to 2011. Ernst & Young said the increase was largely due to increased tight oil and liquids activity. That refers to development in tight-rock formations, made possible by hydraulic fracturing and horizontal drilling.

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The $1 Trillion Choice

taxes  investments  energy  access 

Mark Green

Mark Green
Posted February 21, 2013

While the White House talks again about raising taxes on oil and natural gas companies, let’s look at a chart that captures the starkly different outcomes – in terms of revenue for government – from two policy paths: higher energy taxes vs. increased energy development:

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Earnings, Investment and Economic Stimulus

tax revenues  investments  energy  earnings  access 

Mark Green

Mark Green
Posted February 11, 2013

Let’s talk oil and natural gas company earnings. Today, three charts that illustrate some of the things we’ve been saying for some time:

  • Earnings equal return on investment, which is great news for millions of Americans – the true owners of these companies. (More here from Ken P. Cohen’s Perspectives blog.)
  • Oil and natural gas companies are investing in America in a way unsurpassed by other industries.
  • America’s oil and natural gas companies pay their fair share – and more – in taxes.

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ETR 130 - The Oil and Natural Gas Industry's Contribution to State Pension Plans

401k  finance  industry earnings  investments  michigan  missouri  ohio  pennsylvania  pension plans  pensions  retirees  stocks 

Jane Van Ryan

Jane Van Ryan
Posted April 27, 2011

A new report conducted on behalf of API by Robert Shapiro of Sonecon, LLC, examines the financial impact of investments in oil and natural gas companies on the overall performance of the two largest public employee pension funds in each of four states - Michigan, Missouri, Ohio and Pennsylvania. The data shows these investments sharply out-performed the funds' other assets.

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Energy Tomorrow Radio: Episode 86 - Greenhouse Gas Emission Reduction

efficiency  energy  investments  technology  greenhouse gas emission reduction 

Jane Van Ryan

Jane Van Ryan
Posted July 14, 2009

In this week's episode, I talk with Thomas Tanton, president of T2 and Associates, about the results of a study he conducted, commissioned by API, on global greenhouse gas emission reduction and technologies. 

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