Energy Tomorrow Blog
Posted September 28, 2016
Safe offshore energy development is a by-product of advanced technologies and equipment, an ever-expanding knowledge base, improved worker training, an effective partnership of industry and regulatory authorities, constantly improving standards for deepwater exploration and production and, over it all, an industry committed to creating and growing a culture of safety in offshore operations.
Posted August 25, 2016
Posted August 3, 2016
Some context for legal challenges to EPA’s final rule for new oil and natural gas sources, filed individually this week by a coalition of states, API and other organizations.
As we’ve noted before, methane emissions from field production of natural gas are falling – mainly because industry wants to capture as much of the primary component of natural gas as possible, to deliver to customers. Industry is on it, deploying technologies and know-how to prevent emissions during production. Bottom line: In a period of soaring production, we’ve had falling methane emissions.
This is happening under the current regulatory regime.
Posted July 21, 2016
Reducing government regulation found its way into a number of the speeches at the Republican Convention in Cleveland, and this is especially important to the future of America’s energy renaissance.
Along with cutting government red tape in leasing and permitting of energy projects, establishing a common-sense approach to energy regulation will help encourage the private investment and innovation that are driving the surge in domestic oil and natural gas production.
More on that below. First, remember that as the U.S. continues to lead the world in oil and gas production, we’ve seen economic benefits, cost savings for consumers, lower crude oil imports that have helped make America more energy secure and carbon emissions reductions that lead the globe.
Posted July 7, 2016
We frequently post on the potential risk to U.S. energy production and the benefits the American energy revolution is generating for the economy and individual households from the administration’s regulatory push and government red tape (see here, here and here). There might not be a better current example of the potential regulatory impact on U.S. energy than new rules for natural gas transmission and gathering lines proposed by the Pipeline and Hazardous Materials Safety Administration (PHMSA).
Consider: According to a study by ICF International, measuring the impact of PHMSA’s proposals, for 2,200 small pipeline companies across the country the annual cost of complying with the new regulations would come close to what the companies earn from gathering line fees. That’s impact – impact on small businesses and impact on energy development associated with the work those companies do.
Posted June 15, 2016
Posted May 12, 2016
We’ll say it again: Methane emissions are falling. And they’ll continue doing so because industry wants to capture as much of the primary component of natural gas as possible, for delivery to consumers.
So that’s the context for EPA’s regulatory initiative. Basically, the agency looked at the energy landscape – one of surging production but also declining emissions – and determined the next step should be more regulation. The resulting new rules could hinder America’s shale energy revolution, one that has helped lower U.S. energy-related carbon emissions 12 percent below 2005 levels, allowing the United States to lead the world in reducing carbon emissions.
Posted April 12, 2016
In terms of energy policy, the United States is at an important crossroads. The ongoing American energy renaissance – which has seen domestic crude oil production surge 88 percent between 2008 and 2015, and natural gas output increase 48 percent since 2005 – has changed the U.S. energy story from one of scarcity and limitations to one of abundance and opportunity. With that opportunity comes responsibility to make policy choices to sustain and grow the country’s new energy momentum.
That’s the backdrop for an important Vote4Energy event on Wednesday in Washington, D.C., where API will present its energy policy recommendations to the platform-writing committees of the Democratic and Republican parties. The event will be livestreamed here beginning at 8:30 a.m. API President and CEO Jack Gerard:
“The United States is the world’s leading producer of oil and natural gas, and as a result of greater use of clean-burning natural gas and cleaner, more efficient fuels, we are also a world leader in reducing carbon emissions and other air pollutants. We have a proven model for achieving environmental progress without sacrificing jobs, economic growth, energy security or consumer affordability. Our political leadership has the opportunity to continue, and expand upon, the American energy revolution.”
Seizing the opportunity we have because of our new energy abundance is critically important. Details from API’s platform report will be released Wednesday, but they surely will include policies to advance safe and responsible domestic energy production, the need for a fair regulatory approach that avoids unnecessary duplication and recognizing that the country’s energy and environmental goals are best met through private innovation and investment in cooperation with government. Gerard:
“The goal of a national energy policy must be to ensure a secure supply of abundant, affordable and available energy for the American people in an environmentally responsible manner.”Tune in for the event on Wednesday morning and join the conversation on Twitter by using the #Vote4Energy hashtag.
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 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.