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Energy Tomorrow Blog

Harnessing American Energy

news  energy exports  fracking  oil and natural gas development  russia  regulation  saudi arabia 

Mark Green

Mark Green
Posted July 7, 2015

Roll Call (Reps. Joe L. Barton and Henry Cuellar)The advantages of lifting the ban on crude oil exports are not just theoretical talking points discussed in the halls of Congress, but rather supported by a large and growing body of research by government agencies, academic institutions and think tanks across the political spectrum. The latest is a study released by the Harvard Business School and the Boston Consulting Group. It highlights the obvious benefits lifting the ban will have on American families and businesses, our economy and global allies.

The study discusses the changing U.S. energy landscape and the opportunities made possible by America’s new energy abundance. The fear of a crippling dependence on foreign oil that existed in the 1970s, when the export ban was put in place, is no longer applicable today. In fact, the U.S. is now the world’s top petroleum producer largely due to our recent ability to produce oil and natural gas from shale formations. The world has changed drastically in the past 40 years and it is time for our policies to accurately reflect the current conditions in which we now live. We must embrace the United States’ new leading role on the world energy stage and recognize the value it would create in our everyday lives.

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Energizing Indiana

analysis  energy development  income  indiana  oil and natural gas development  ozone regulations  pricewaterhousecoopers  wood mackenzie 

Reid Porter

Reid Porter
Posted July 7, 2015

Last week, we launched a series of posts that, over the next few weeks, will highlight the economic and jobs impact of energy in each of the 50 states. The series started with Virginia, Ohio, Colorado, and New Mexico . Yesterday, we looked at Missouri. Today: Indiana.

The energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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Safe Energy for America’s Future

news  safe operations  fracking  epa  shale energy  keystone xl  alaska  ozone  oil and natural gas development 

Mark Green

Mark Green
Posted July 6, 2015

USA Today (editorial)Fracking — the practice of cracking open underground oil and gas formations with water, sand and chemicals — has rescued U.S. energy production from a dangerous decline. Any debate about banning it should take a hard look at what that would cost the nation and at facts that aren't always part of the discussion.

Those facts are spelled out in a recent report from the Environmental Protection Agency on fracking and groundwater. One of the harshest charges against fracking, often leveled with apocalyptic intensity by its foes, is that it indiscriminately contaminates vital drinking water supplies.

The EPA's timely report essentially said that's overblown.

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Energizing Missouri

analysis  missouri  energy development  income  oil and natural gas development  ozone regulations  wood mackenzie  pricewaterhousecoopers 

Reid Porter

Reid Porter
Posted July 6, 2015

Last week, we launched a summer long series of posts that will highlight the economic and jobs impact of energy in each of the 50 states. We started the week with Virginia and continued on with Ohio, Colorado and New Mexico. Today: Missouri.

The energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added

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Energizing New Mexico

analysis  new mexico  income  hydraulic fracturing  oil and natural gas development  ozone regulations  wood mackenzie 

Reid Porter

Reid Porter
Posted July 2, 2015

Today we look at New Mexico, continuing our series of posts that highlight the economic and jobs impact of energy in each of the 50 states. We started with Virginia, then Ohio, and Colorado. The energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

The topline numbers: 105,600 jobs supported statewide; according to PwC; $11 billion added to the state economy; $5.3 contributed to the state’s labor income. All are significant drivers for the state’s economy.

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Energizing Colorado

analysis  colorado  energy  income  oil and natural gas development  regulations  wood mackenzie 

Reid Porter

Reid Porter
Posted July 1, 2015

The energy choices we make in every state individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added. As we continue our state series focusing on how energy impacts each of the 50 states, today’s data comes from Colorado.

The top-line numbers: 213,100 jobs supported statewide, according to PwC; $25 billion added to the state economy and $14.1 billion contributed to the state’s labor income. All are significant drivers for the state’s economy.

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Energizing Ohio

analysis  ohio  income  oil and natural gas development  regulations  energy  wood mackenzie 

Reid Porter

Reid Porter
Posted June 30, 2015

Yesterday we launched a series of posts that, over the next few weeks, will highlight the economic and jobs impact of energy in each of the 50 states. The energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

We started with Virginia. Today: Ohio.

The top-line numbers: 255,100 jobs supported statewide, according to PwC; $28.4 billion added to Ohio’s economy; $12.7 billion contributed to the state’s labor income and nearly 14,000 shale-related business establishments supported across Ohio. All are significant drivers for the state’s economy.

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Pro-Energy is Pro-Jobs

analysis  oil and natural gas development  economic growth  investment  regulation  wood mackenzie  vote4energy 

Mark Green

Mark Green
Posted June 29, 2015

Last week we looked at the potential impacts on domestic energy production and U.S. households of two approaches to energy policy described in Wood Mackenzie’s new study. Today, let’s focus on jobs.

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Energizing Virginia

analysis  virginia  income  oil and natural gas development  regulations  energy  wood mackenzie  pricewaterhousecoopers 

Reid Porter

Reid Porter
Posted June 29, 2015

Here on the blog we regularly point to the national economic and job impacts of energy development: 9.8 million jobs supported, and $1.2 trillion in value added to the economy – accounting for 8 percent of our national GDP. Over the next few weeks we want to bring the focus to the state level, highlighting those impacts in each of the 50 states. We’ll start with … Virginia.

The top-line numbers: more than 141,000 jobs supported statewide, according to PwC ; $12.5 billion added to the state economy; $7.2 billion contributed to the state’s labor income. All are significant drivers for the state’s economy.

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Homemade Energy Helps American Homes

analysis  oil and natural gas development  wood mackenzie  regulation  economic growth  income  vote4energy  american petroleum institute 

Mark Green

Mark Green
Posted June 26, 2015

More from the new Wood Mackenzie study comparing the effects on the U.S. energy picture from pro-development policies versus a regulatory-constrained path. We’ve looked at the implications for energy supplies. Today we’ll zero in on two very different scenarios affecting individual American households.

Once again, the study compared impacts on key areas, depending on the energy policy path our country chooses. The pro-development path includes increased access to oil and natural gas reserves, approaches to regulation and permitting that encourage accelerated energy production and export policies that allow U.S. oil and natural gas to reach global markets, stimulating domestic output. The constrained path would pretty much maintain the status quo on access, regulation and exports – costing the United States, as the study shows.

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