Energy Tomorrow Blog
Posted June 21, 2018
The API Industry Outlook for the second quarter of 2018 is one of the things that’s new at API. If you follow energy markets, you’ll appreciate an incisive view of the economy at home and abroad as well as markets for crude oil, natural gas and petrochemicals.
Beyond nice-to-know “macro factors,” here are things to know and understand about trade barriers that could affect economic activity and prices where you work and live.
Posted June 11, 2018
Natural gas and oil touch nearly every aspect of life in Colorado – with responsible, well-regulated development that protects the environment and public health creating jobs and opportunity while providing significant support for public services, including the state’s education system. That’s broad message contained in a new report, “Progress and Opportunity,” just released by API.
Posted June 8, 2018
Our industry supports increased access to America’s offshore natural gas and oil. The benefits promise to be broad for coastal states and the entire country. Responsible development is safe, well-regulated and compatible with other uses, including those of our military.To advance the nation’s strategic interests that are tied to careful offshore natural gas and oil, API this week announced the launch of “Explore Offshore,” a diverse coalition of more than 100 local leaders, community organizations, businesses and associations from five Atlantic and Gulf Coast states that supports increased offshore access.
Posted June 6, 2018
For months, ISO New England CEO Gordon van Welie has had a consistent message: insufficient natural gas infrastructure continues to put the region’s customers at risk of service interruptions during periods of peak demand that often coincide with extreme weather conditions.
Posted June 1, 2018
The decision by the Trump administration to impose tariffs on imported steel, including key allies Canada, Mexico and the European Union, is the wrong direction for U.S. energy policy. While the full effect of these tariffs on steel-intensive business—and the U.S. economy—remains to be seen, the impacts will ripple through the natural gas and oil industry, compromising energy production and posing a threat to America’s national security.
Posted May 22, 2018
Washington is known for partisan political skirmishing, so it’s not surprising that a group of Senate Democrats is trying to score political points against this year’s tax reform legislation by suggesting that lowering the corporate income tax rate has been linked to the recent rise in gasoline prices.
Let’s straighten them out on a couple of important things about gasoline prices, which have nothing to do with tax reform.
First, per-barrel costs for crude oil – the No. 1 factor in the cost of producing gasoline and diesel – have risen due to a tighter global oil supply/demand balance and lower inventories compared to last year. Second, with a strong economy, U.S. petroleum demand has run at its highest levels since 2007 and was up by more than 750,000 barrels per day in April, compared with one year ago. Next, as they do every year around Memorial Day, the start of the summer driving season, Americans are traveling more, which could raise demand further. Finally, although gasoline prices have increased recently, they’re still lower than where they were four years ago, largely because of increased domestic oil production.
Posted May 22, 2018
Hurricane Season 2018 finds our industry, the refinery and pipeline sectors and associated industries prepared to protect energy production facilities and infrastructure that are vital to keeping Americans well supplied, even during severe weather conditions.
That was the message from natural gas and oil and other energy-related sectors during a conference call with reporters. The 2017 hurricanes, Harvey and Irma, confirmed the importance of pre-event training, established emergency protocols, coordinated communications and overall preparation – which our industry and others already are undertaking as June 1, the official start of hurricane season, approaches. API was joined on the call by the Petroleum Marketers Association of America (PMAA), American Fuel and Petrochemical Manufacturers (AFPM), American Gas Association (AGA), Interstate Natural Gas Association of America (INGAA) and the National Ocean Industries Association (NOIA).
Major weather events test preparations; we and our energy partners are focused on being as prepared as possible for this season.
Posted May 17, 2018
We hope you’ve seen “Brainpower,” API’s new ad highlighting the smart technologies and data analysis that natural gas and oil use to safely and efficiently bring Americans the energy that empowers their modern lives while also meeting seemingly impossible challenges.
“Brainpower” also is about natural gas and oil deploying technologies and innovating to get cleaner and help the United States reduce its emissions, leading to cleaner air. The women and men of natural gas and oil are focused on this. They want other Americans to know that they care – about lowering emissions and the environment – because they’re members of the community, too. You’ll see it in behind-the-scenes interviews conducted during the “Brainpower” ad shoot.
Posted May 11, 2018
Protecting the environment is a core industry value. The environment belongs to everyone, and our companies and their employees are committed to producing natural gas and oil as safely as possible. This commitment includes preserving habitat and looking out for wildlife.
In this 2016 post and this post earlier this year, API colleague Kate Wallace detailed how companies have monitored elk populations in Wyoming and polar bears in Alaska, created artificial reefs off the Gulf Coast, developed pollinator gardens and bee sanctuaries and more. Companies also worked across five western states to create conservation areas for the lesser prairie chicken and preserve habitat for the sage-grouse. Our commitment is backed up by action.That’s why we’re optimistic a constructive and comprehensive plan can be crafted to take care of the dunes sagebrush lizard in West Texas and southeastern New Mexico while also maintaining critically important natural gas and oil production in the region – which would be unlikely if a new effort to list the lizard as endangered under federal law succeeds.
Posted May 11, 2018
Working together works. Colorado’s just-completed legislative session proved that the natural gas and oil industry, state regulators and other stakeholders could collaborate on effective energy regulation that strengthens safe and responsible natural gas and oil production – benefiting the state economy and individual Coloradoans.
This session we saw legislation passed to bolster protections for mineral and royalty owners, increase fees for stationary sources of air pollution, enforce the state’s call-before-you-dig program and ensure safe and orderly processing of certain kinds of naturally occurring radioactive waste – all supported by our industry.