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Energy Tomorrow Blog

U.S. Continues to Lower GHG Emissions – EPA Report

epa  ghg emission reduction  natural gas 

Mark Green

Mark Green
Posted April 15, 2021

EPA’s latest greenhouse gas (GHG) emissions report shows continued progress in lowering U.S. emissions. A good deal of this progress can be attributed to increased use of domestic natural gas. Some key numbers stand out:

Total GHG emissions fell 1.7% from 2018 to 2019 and have decreased 11.6% since 2005; emissions from the electric power sector have fallen 12.1% since 1990 and 33% since 2005; methane emissions from natural gas systems have decreased 4% since 2005 – even as marketed natural gas production over the same period increased more than 90%; emissions from abandoned oil and natural gas wells have fallen 2.9% since 1990, 8% since 2005 and 9.5% since 2018 – reflecting reductions in the official estimate of unplugged, abandoned wells.

EPA gives significant credit for the 1.7% emissions decrease noted above to growing use of cleaner natural gas.

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MSR: U.S. Petroleum Markets, Economy Continue to Recover

monthly-stats-report  economic growth  demand 

Dean Foreman

Dean Foreman
Posted April 15, 2021

API’s primary data for March 2021 suggest that petroleum markets demonstrated a measured recovery following the winter emergency disruptions that affected oil supply, trade and inventories beginning in mid-February.

Notably, total U.S. petroleum demand of 19.1 million barrels per day (mb/d) decreased seasonally but showed resounding strength in rural gasoline demand that increased by 632,000 barrels per day over February. 

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Providing Leadership on Climate Reporting

climate  ESG  Environment  ghg emission reduction 

Mark Green

Mark Green
Posted April 14, 2021

Timely, accurate reporting of greenhouse gas (GHG) emissions – by our industry and all emitting sectors of the economy – is critically important for our country’s efforts to address the risks of climate change. That’s why enhancing the consistency and comparability of our industry’s GHG reporting is one of the main elements of the Climate Framework action plan API unveiled last month.

As the U.S. Securities and Exchange Commission (SEC) increases its focus on climate and ESG (environmental, social, governance) reporting, let’s just say that the natural gas and oil industry is on it. Not only do we see the value of reporting to stakeholders and the importance of accurate, transparent GHG reporting in developing sound, we want to drive it.

Indeed, industry is well-positioned to be a reporting leader; we’re not newcomers to it. 

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Let’s Modernize ALL Our Nation’s Infrastructure

infrastructure  pipelines  us energy security  safe operations 

Bill Koetzle
Posted April 13, 2021

The Biden Administration’s goal of modernizing the nation’s infrastructure – including roads, bridges, rail and ports – is something that all Americans can support. At API we have long touted the compounding benefits of upgrading our nation’s infrastructure. The positives go well beyond material enhancements to include creating new jobs, helping communities nationwide, improving efficiencies throughout the economy by reducing congestion and delay, and – in the case of pipelines – bolstering safety and environmental performance.

Early outlines of the Administration’s plan include ambitious goals and many strengths. But it’s important to note that it misses an opportunity to take an across-the-board approach to addressing all our country’s current and future infrastructure needs, including modernizing the pipelines that power our modern lives.

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Our Essential Energy Relationship With Canada Underscored by New Study

canada  trade  us energy security  consumers 

Mark Green

Mark Green
Posted April 8, 2021

When President Biden killed the Keystone XL pipeline in January, it was more than just canceling an important piece of energy infrastructure. It was a setback for the U.S.-Canada energy and trade relationship that has benefited both countries economically and in terms of their security in the world.

A new ICF study assessing U.S.-Canada cross-border petroleum trade finds that there is growing integration of North American energy markets, which in turn leads to lower costs for consumers and increased energy security for both countries. Frank Macchiarola, API senior vice president of Policy, Economics and Regulatory Affairs, talked about the study’s findings during a virtual conference hosted by the Canadian Association of Petroleum Producers.

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Administration's Federal Leasing Policy Continues to Raise Flags

federal leases  us energy security  economic growth  interior department 

Olivia Culver

Olivia Culver
Posted April 6, 2021

The Biden administration’s pause in new natural gas and oil leasing on federal lands and waters continues to look like a hard sell, not only in energy-producing states but also with traditional Democratic allies in organized labor.

We’ve talked about potential negative effects of the administration’s policy on leasing and have warned against even greater impacts to the economy and American energy security if the pause becomes a permanent ban on federal leasing and development (see here, here and here). Projected impacts from a full-on ban on leasing and development in an analysis by OnLocation include approximately 1 million jobs could be lost – nearly 120,000 in Texas, more than 62,000 in New Mexico and more than 48,000 in Louisiana – foreign oil imports could increase 2 million barrels per day; and carbon dioxide emissions could increase 5.5%

Similar concerns surfaced as the U.S. Interior Department (DOI) held a forum on the federal oil and gas program. At the public session, Frank Macchiarola, API senior vice president of Policy, Economics and Regulatory Affairs, noted that federal lands and waters account for 22% of U.S. oil and 12% of U.S. natural gas production and urged DOI leaders to recognize the importance of this production to U.S. energy security, economic growth and continued environmental progress.

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API's First Agreement With African Partner Extends Safety, Protection Programs to Continent

api standards program  Environment and Safety  oil and natural gas production 

John Siciliano

John D. Siciliano
Posted April 5, 2021

API took an important step to extending its safety and environmental protection programs to the continent of Africa, signing a new collaborative agreement with the business group African Energy Chamber (AEC), to expand use of API world-class standards, certifications and training programs.

The memorandum of understanding (MOU) with the AEC – API’s first agreement with an African partner – is the latest in a series of similar agreements in the past year between API and organizations in nearly every region of the world. Such agreements arise from the global recognition API standards have earned for enhancing safety, efficiency and environmental protection across the natural gas and oil industry.

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Safe Offshore Development is Essential to U.S. Security and Economy

offshore development  safe operations  us energy security  bsee 

John Siciliano

John D. Siciliano
Posted April 2, 2021

Not as noticed in the Biden administration’s halt in new federal natural gas and oil leasing is the possible impact on U.S. offshore production. If the pause were to become a permanent leasing and development ban, nearly 15% of total U.S. oil production could be affected – with significant potential consequences for our country’s energy security and economic growth.

Offshore development not only is critical for our country’s future, it’s safer than ever – underscored by a report issued late last year by the U.S. Bureau of Safety and Environmental Enforcement (BSEE). 

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'A Turning Point in the National Climate Debate'

climate  api  emission reductions  carbon capture  technology 

Mark Green

Mark Green
Posted March 31, 2021

API’s new Climate Framework touched off predictable reaction from certain circles – ranging from groups that oppose industry’s very existence to others focused on a single aspect of the framework, carbon pricing.

Frankly, API’s action plan speaks to the vast majority of Americans who support commonsense approaches for lowering greenhouse gas emissions and further improving environmental protections – while also providing the energy from natural gas and oil that our country needs to grow and prosper.

Through the Climate Framework our industry is offering substantive leadership on the climate/energy challenge, with the overarching goal of meaningful progress.

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Positioned for Climate Action

climate change  carbon capture  emission reductions  methane emissions 

Mark Green

Mark Green
Posted March 25, 2021

API’s new Climate Action Framework is much more than a list of policies and actions to address the risks of climate change. It’s a values statement, the natural gas and oil industry’s commitment to lead on the twin necessities of cleaner energy and lower greenhouse gas emissions.

We can achieve both. The natural gas and oil industry details in this framework an action plan to get it done, working together with government and other stakeholders. As the plan states in its opening sentences, it’s the opportunity of our time.

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