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Energy Tomorrow Blog

The ‘Unachievable’ Ozone Standard

ozone standards  epa  oil and natural gas development  regulation  economic impacts  Energy 101 

Mark Green

Mark Green
Posted May 27, 2014

When EPA proposed tightening the national ozone standards a few years ago, President Obama told the agency to stand down. The existing standard of 75 parts per billion (ppb) wasn’t due for review, and there was concern stricter standards might harm the economy.

It’s a concern that hasn’t diminished as the agency starts regular review of ozone National Ambient Air Quality Standards. Howard Feldman, API’s director of regulatory and scientific affairs, discussed the review during a conference call with reporters:

“We recognize that EPA has a statutory duty to periodically review the standards. However, the current review of health studies has not identified compelling evidence for more stringent standards. Tightened standards could impose unachievable emission reduction requirements on virtually every part of the nation, including rural and undeveloped areas. These could be the costliest EPA regulations ever.”

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The Importance of Getting Energy Policy Right

renewable fuel standard  economic impacts  blend wall  ethanol 

Mark Green

Mark Green
Posted April 15, 2014

Yesterday we looked started looking at the oil and natural gas industry’s economic impact on individual states with a focus on Kentucky. Today, let’s talk about the importance of having the right energy policies in place to avoid negative impacts on local economies and individual consumes. Again, we’ll consider Kentucky.

Last month White Castle restaurant chain CEO Lisa Ingram wrote an op-ed piece for the Louisville Courier-Journalthat explained how the federal Renewable Fuel Standard (RFS) is having local, negative impact. Though the first White Castle opened in Wichita, Kan., nearly a century ago, Ingram writes, the chain has deep ties to Kentucky and serves more customers in Louisville than all but a few other markets. The city is home to one of the company’s frozen food plants, which employs nearly 200.

Yet the RFS – energy policy that has become obsolete and counter-productive in the midst of the U.S. domestic energy revolution – is putting upward pressure on food prices by requiring ever-increasing use of ethanol in the fuel supply.

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Tier 3: A Case Study in Regulatory Impact

epa overreach  fuel  gasoline  regulation  economic impacts 

Mark Green

Mark Green
Posted April 11, 2014

Last month EPA implemented new gasoline regulations requiring the last microscopic bits of sulfur to be removed from fuel. The Tier 3 standard is likely to hit consumers and burden the economy while providing, at best, negligible benefit.

Writing for the Jefferson Policy Journal, Paul Driessen makes a number of important points about the potentially onerous effects of the new regulation. Driessen starts by underscoring how unnecessary the new standard is.

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Energy is an Economic Dynamo

economic impacts  jobs creation  drilling  oil and natural gas development  cost of energy 

Mark Green

Mark Green
Posted December 23, 2013

Every now and then we see items questioning the economic impact of domestic oil and natural gas development from a jobs standpoint. As we’ve pointed out, industry’s benefit to the country isn’t measured just in direct oil and natural gas employment. Its positive impact must be seen in jobs and economic activity that otherwise wouldn’t exist, as well as benefits to consumers. More supporting evidence:

Investment – A new API survey on drilling costs found that about $153.7 billion was invested in drilling in 2012, a 23.1 percent increase over 2011.

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The Energy ‘Bucket’

natural gas  energy regulation  economic impacts  domestic oil  domestic energy production  access 

Mark Green

Mark Green
Posted November 29, 2012

From where he sits – literally, right across Lafayette Square from the White House – the U.S. Chamber’s Tom Donohue sees increased production of domestic oil and natural gas as the ace card in the high-stakes game policymakers are playing concerning the nation’s fiscal health

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New Study: Marcellus Shale = 280K New Jobs, $6 Billion Revenue

domestic energy  hydraulic fracturing  marcellus  marcellus natural gas  marcellus production  natural gas  new york  penn state natural gas study  pennsylvania natural gas  west virginia  economic impacts of marcellus 

Jane Van Ryan

Jane Van Ryan
Posted July 21, 2010

Natural gas production in the Marcellus Shale could generate nearly $6 billion in government revenue, 280,000 new jobs and more than 18 billion cubic feet of clean-burning natural gas per day, according to a new study.

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Study: Marcellus Shale - Enormous Economic, Energy Potential

domestic energy  economic impacts of marcellus  marcellus  marcellus shale coalition  natural gas  penn state natural gas study  pennsylvania  pennsylvania natural gas  penn state 

Jane Van Ryan

Jane Van Ryan
Posted May 26, 2010

new Penn State study says the development of clean-burning natural gas in Pennsylvania's Marcellus Shale formation could create 212,000 new jobs during the next 10 years and generate more than $1.8 billion in state and local tax revenues during the next 18 months. 

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