Energy Tomorrow Blog
Posted October 3, 2017
API is on the move. Reflecting the advanced technologies that natural gas and oil bring to energy production and our commitment to reducing our environmental footprint, the industry’s leading national trade association plans to move next year to a new, self-sustaining LEED Platinum-certified building in downtown Washington, D.C., that will include a number of innovative features.
Posted August 10, 2017
Posted March 3, 2017
Posted November 7, 2016
The degree to which industry innovation and advanced technology is driving America’s energy renaissance is a good-news story that doesn’t get enough attention. Let’s see if we can take a step in that direction.
Posted September 16, 2016
Posted March 18, 2016
It doesn’t get enough notice: The U.S. energy renaissance is a revolution built on advanced technology and the ongoing quest to problem solve.
One of the best examples is hydraulic fracturing, the most important reason the United States leads the world in oil and natural gas production. Industry innovators took a process used for more than 60 years, modernized it and married it with it with advanced horizontal drilling to safely unleash previously inaccessible oil and natural gas reserves from shale and other tight-rock formations. It transformed America’s energy picture from one of scarcity and dependence to one of abundance and greater self-sufficiency.
The moral: When conventional wisdom says something can’t be done, just wait. Necessity, innovation and technology are marvelous at proving conventional wisdom shortsighted or wrong. On advancing new energy technologies to develop oil and gas more efficiently and in ways that are better for the environment, our industry isn’t standing still.
Posted November 5, 2015
To a large degree, cleaner air in the United States results from innovations and improvements in transportation fuels over the past four decades. This is important, because the freedom to travel has been ingrained in the American psyche since the days when waves of westward migration began spanning the continent.
Today, Americans are used to free and independent movement, with the average person traveling more than 13,600 miles a year, according to the U.S. Department of Transportation. Meanwhile, Americans’ modern lifestyles depend on freight haulers that deliver commercial goods to the places where they live. The 4 million miles of highways and roads that make up a large portion of the U.S. transportation network serve as the country’s arterial system – and energy makes it go. Refineries supply more than 130 billion gallons of gasoline and 60 billion gallons of diesel a year to power trucks, barges, ships and trains connecting consumers with consumable goods.
The oil and natural gas industry is meeting the challenge of fueling America’s transportation needs while advancing air quality goals that benefit all Americans – by investing in cleaner, safer fuels and next-generation technologies for the future.
Posted September 22, 2015
Today, API released a new report on investments in greenhouse gas-mitigating measures that illustrates the oil and natural gas industry’s leadership in innovating the technologies and efficiencies to keep improving air quality. We conclude a series of posts on the intersection of energy development and climate/environmental goals (here, here and here) with a look at the new report.
Key numbers from T2 and Associates’ new report on investments in mitigating greenhouse gases (GHG) by industry include $90 billion in zero and low-carbon emitting technologies from 2000 through 2014.
Posted June 8, 2015
Platts (The Barrel Blog) – When OPEC left production unchanged in November last year many understood it to be US or Canadian tight oil producers who would suffer, but thanks to technological advances — to paraphrase Mark Twain — the reports of the death of the tight boom have been greatly exaggerated.
After OPEC’s announcement of stable production, crude prices fell under $50/b, and the obituaries began to be written.
But lower prices forced companies to become hyper-vigilant on costs, and the result was the opposite of what may have been intended. US and Canadian production continued to grow, and E&P companies became leaner and more efficient — leading to a more competitive industry.
The savings from technological advances and more efficient internal processes, unlike the drop in rig dayrates that could rise again when the market turns, will be a more permanent feature of the North American oil market.
The numbers tell the story. The North American oil rig count dropped from its peak in early October at 1,609 to 646 for the week-ending May 29, yet productions is headed in the opposite direction — US oil output hit 9.586 million b/d, its highest daily rate since the EIA began weekly production reports in 1983. The EIA recently forecast another million b/d of oil production growth until it peaks in 2020 at 10.603 million b/d.
Posted May 15, 2015
Bloomberg BNA: The chairman of the Senate Energy and Natural Resources Committee said May 14 that she is inclined to include standalone legislation that would end the 40-year ban on the export of domestic crude oil as part of a broader energy package the committee is drafting.
“I’d like to have it in there,” Sen. Lisa Murkowski (R-Alaska) told reporters. “It just makes sense in there, as part of the bigger, broader energy updating our architecture.”
The bill, the Energy Supply and Distribution Act of 2015 (S. 1312), released May 13, is scheduled to be the subject of a June 4 hearing on “energy accountability and reform,” along with other bills that could end up in the broader energy package, which is expected to be unveiled later this summer.