Energy Tomorrow Blog
Posted September 1, 2015
Surely, more state governors soon will echo the concern of Colorado’s John Hickenlooper for the potential economic impacts on his state of stricter ozone standards proposed by EPA. That is, any governor concerned about what it could mean for growth and progress if large chunks of his or her state were declared out of compliance.
In Colorado, that could be more than $19 billion in gross state product losses from 2017 to 2040 and nearly 11,000 lost jobs or job equivalents, according to a study by NERA Economic Consulting.
Posted August 25, 2015
Earlier this year at the U.S. Energy Information Administration’s (EIA) annual conference in Washington, ClearView Energy Partners’ Christine Tezak described the Obama administration’s energy policy as “give a little, take a little,” further characterizing it as “transitioning from scarcity to adequacy.”
It’s accurate. Handed a generational opportunity by America’s energy revolution to advance U.S. economic and security interests, the administration has responded by alternately embracing oil and natural gas development (in limited ways) and working to corral it. Given the chance to build a comprehensive, long-term energy strategy to carry the United States safely into mid-century, the administration has played “small ball” on the energy development side while unleashing a flood of unnecessary, self-limiting proposals largely untethered to scientific and economic analysis.
Posted August 24, 2015
Two items from the weekend help sharpen the focus a strategic choice before Americans as they look to the future: Which energy path will we take?
One path leads to increased domestic energy development. It’s typified by safe and responsible oil and natural gas production that harnesses America’s energy wealth to create jobs, grow the economy and make the U.S. more secure in the world.
Another path likely would lead to very little of the above. It’s characterized by unnecessary regulation and self-limiting policies that hinder or block domestic development. America would be less secure, economically and in the world, and our allies, too.
The two paths, two very different futures – for American energy and America.
Posted August 18, 2015
So, the EPA looked at declining methane emissions …
Down 79 percent from hydraulically fractured wells since 2005; down 38 percent from natural gas production overall from 2005 to 2013; and emissions down – while natural gas production soared ...
... and decided new methane regulations were the thing to do anyway.
Posted August 13, 2015
It’s expected that EPA will submit its recommendation for new ozone standards to the White House Office of Management and Budget next week, with the final rule due by Oct. 1.
The final outcome will be momentous. EPA could – and should – leave the existing standards in place at 75 parts per billion (ppb). That would be remarkable, given the long rulemaking process and the agency’s current inclination to regulate more, not less.
Conversely, reducing the standards to 65 ppb or possibly lower would make it the costliest regulation ever, with the potential to halt economic expansion and infrastructure development dead in their tracks. Stricter standards could result in a $270 billion reduction in GDP per year on average from 2017 through 2040 and an annual loss of 2.9 million job equivalents, according to a study by NERA Economic Consulting.
Posted August 10, 2015
API has a new series of online ads that underscore potential risks from EPA’s proposal to impose stricter national ozone standards. The ads focus on potential impacts for individual states including Indiana, Colorado, Missouri, West Virginia and Virginia – which could see more than 38,600 jobs lost.
The key message in the ads is that an unnecessary tightening of ozone standards nationally could have dire effects locally, in each and every state.
Posted August 7, 2015
NASCAR racing team owner Richard Childress has an op-ed in the Charlotte Observer this week in which he renders a full-throttle endorsement of E15 gasoline and the Renewable Fuel Standard (RFS), the federal program that requires more and more ethanol be blended into the nation’s fuel supply.
Childress focuses on the specially formulated E15 (98 octane rating, compared to 90 octane in retail E15) that NASCAR uses in its customized, high-performance engines (725 horsepower, compared to 120 horsepower in a typical car engine, up to 200 horsepower in a large SUV).
Certainly, NASCAR racecars and the NASCAR-blend E15 are well-suited for each other. Less clear is why Childress is so enthusiastic about putting commercial-grade E15 in a car or truck, especially those built between 2001 and 2013 – something most car manufacturers don’t recommend.
Posted August 4, 2015
Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Kansas. We started the series with Virginia on June 29. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.
As we can see with Kansas, 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.
Posted July 27, 2015
Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with North Dakota. We started our focus on the state level with Virginia on June 29. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.
As we can see with North Dakota, 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.
Posted July 24, 2015
Some thoughts on EPA’s proposed program to encourage voluntary methane emissions reductions from existing sources. The Methane Challenge Program would expand on the Natural Gas STAR program by recognizing companies that make specific emissions reduction commitments and agree to submit annual data on the progress they’re making.
First, industry supports voluntary. The program could be supportive of what industry already is doing to reduce methane emissions – an effort that is working. EPA’s Greenhouse Gas Inventory Report issued this spring showed methane emissions from hydraulically fractured natural gas wells are down 79 percent since 2005 – a period in which natural gas production has soared.