Energy Tomorrow Blog
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.
Posted February 17, 2016
It’s all possible due to hydraulic fracturing and advances in horizontal drilling. According to the Energy Department, at least 2 million oil and natural gas wells have been hydraulically fractured in this country, including up to 95 percent of new wells that account for more than 43 percent of U.S. oil production and 67 percent of its natural gas production.
Posted February 10, 2016
Yesterday, we took a look at the effects of the U.S. energy revolution on domestic oil production and the impact of that production on U.S. oil imports – and the resulting progress for America in terms of increased economic and consumer benefits and energy security. We argued that Obama administration policies risk retreating from progress that’s the result of the historic, game-changing shift in the U.S. energy outlook, thanks to America’s energy revolution.
Today, a look at natural gas, where the impacts of the energy revolution are no less significant.
Posted February 4, 2016
With the president scheduled to put forward his last budget next week, here’s a short list of principles that should guide energy policy – because all will help sustain and grow the ongoing U.S. energy revolution. They include: reliance on industry innovation that has been the driving force behind America’s energy renaissance – innovation that launched the surge in shale energy production, prompting increased natural gas use and resulting in lower carbon emissions; embracing the successful, free-market approach to energy and economic growth while lowering emissions by basing decisions on sound science; and allowing more opportunities for energy exploration and development.
Erik Milito, API’s director of upstream and industry operations, talked about the policy pathway to energy growth and American prosperity during a conference call with reporters.
Posted January 22, 2016
Timing is everything. With much of the Middle Atlantic braced for “Snowzilla,” the Obama administration announced a new layer of federal regulation that likely will make it more difficult and costly for energy producers to deliver the affordable, reliable, clean-burning natural gas that so many U.S. consumers rely on for winter warmth.Imagine: Millions of Americans, covered in snow and ice, as the president and his team advance a regulatory blizzard with unnecessary Bureau of Land Management (BLM) rules on methane that ignore emissions reductions already being realized and that threaten to stifle future production – potentially at great cost to consumers, the economy, government revenue streams and U.S. security.
Posted January 13, 2016
Absent from EPA’s plans was any acknowledgement that methane and carbon emissions are already down. Recognizing progress we’ve already made – and the market factors contributing to that success – is critical to avoiding costly, duplicative regulations that could undermine that progress, as well as economic growth.
Posted January 6, 2016
During this week’s State of American Energy event API President and CEO Jack Gerard described the economic and energy security gains generated by the U.S. energy revolution and the policies needed to create opportunities for the oil and natural gas industry to continue them.
Today let’s focus on some of the things Gerard identified as potential impediments to American energy. These include ideological opposition to progress, anti-consumer initiatives like the Renewable Fuel Standard (RFS), anti-market programs like the administration’s Clean Power Plan, government red tape and regulatory overreach.