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Energy Tomorrow Blog

Ban on New Federal Development Would Risk U.S. Security, Jobs, Environment

federal lands  offshore oil production  policy  jobs  emission reductions 

Mark Green

Mark Green
Posted September 9, 2020

Four questions for proponents of policies that would effectively end new natural gas and oil development on federal lands and waters:

Where will the oil come from that won’t be produced here at home because of such a policy?

Where will nearly 1 million Americans find new work after this policy costs them their jobs?

What will Americans do without because of higher energy costs resulting from the policy?

How will the U.S. continue making environmental progress if increased coal use caused by the policy raises carbon dioxide emissions?

These and other questions are prompted by a new analysis projecting the effects of halting new natural gas and oil on federal lands and waters -- prepared for API by OnLocation with the U.S. Energy Information Administration's National Energy Modeling System, which EIA uses to produce its Annual Energy Outlook.

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Biden’s Pledge to Pennsylvania Energy Workers Not All It’s Cracked Up to Be

pennsylvania  federal lands  president  politics  fracking 

Mark Green

Mark Green
Posted September 3, 2020

Former Vice President Joe Biden hit the campaign trail this week in southwestern Pennsylvania, home to the energy-rich Marcellus Shale – a good backdrop for discussing how Biden’s energy and jobs policies could affect Pennsylvania and other big production states, including New Mexico and Colorado, as well as Gulf Coast states.

Start with Biden’s remarks from Pittsburgh that, if elected, he will not ban fracking – clearly, to calm voters in shale country, where hydraulic fracturing has revitalized state and local economies, and necessitated by what he said in March and July, which sounded an awful lot like he would ban fracking.

So, case closed, right? Well, not exactly.

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Jobs, Tax Revenues Could Be Lost if Dakota Access Pipeline is Shut Down – Study

pipelines  jobs  tax revenues  north dakota  montana 

Mark Green

Mark Green
Posted September 2, 2020

While the U.S. Army Corps of Engineers completes a new environmental report on the Dakota Access pipeline (DAPL) in North Dakota, there’s new research showing that shuttering the pipeline would cut oil production from the prolific Bakken shale region, kill thousands of jobs and cost state and local governments millions in tax revenues generated by energy production.

The environmental effects of Dakota Access’ crossing under Lake Oahe are being studied anew after the corps was ordered to do so by a federal court. The review is expected to take 13 months. Although legal challenges surrounding DAPL are pending, an appeals court overturned the lower court’s order to halt operations and empty the pipeline while the environmental review is ongoing.

While we all wait for the review, an ICF analysis commissioned by API shows what halting Dakota Access operations would mean to production and economies. 

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U.S. LNG Exports Fuel Natural Gas Consumption in South Asia

liquefied natural gas  lng exports  natural gas benefits 

Sam Winstel

Sam Winstel
Posted August 31, 2020

Liquefied natural gas (LNG) is redefining the world’s modern energy mix. Even as the coronavirus and government responses to the pandemic have cut into natural gas demand, analysts project a progressive recovery and long-term growth for U.S. LNG – particularly in emerging markets – due to its enduring economic competitiveness and environmental benefits.

In South Asia, the affordability of American LNG is expected to increase consumption, displacing demand for coal, as countries such as India and Bangladesh seek out reliable, lower-carbon energy resources.

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Energy and Our Security

us energy security  oil and natural gas production  global markets  hurricanes 

Mark Green

Mark Green
Posted August 28, 2020

Americans’ safety and security are critically linked to energy.

Whether it’s energy to power a growing economy or energy that keeps America free and strong in the world – and even reliable energy in the wake of a Category 4 hurricane – abundant domestic natural gas and oil are essential for our security. ...

Abundant and reliable natural gas and oil from America make the country safer and more secure in a number of ways.

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API Continues to Lead on Safety During Pandemic

api standards program  safety standards  safety regulations 

John Siciliano

John D. Siciliano
Posted August 27, 2020

Despite the pandemic, API has moved forward with dozens of new safety standards, covering everything from liquefied natural gas (LNG) to pipelines, to manufacturing specifications for offshore wells – ensuring that safety and scientific rigor, through API’s standards program, remain front and center.

We have used this challenging time to help ensure that the natural gas and oil industry is focused on safely and sustainably meeting both the domestic and global need for energy through API’s world-class standards program.

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Hurricane Laura: Three Things to Know

hurricane preparedness  infrastructure  fuels 

Jessica  Lutz

Jessica Lutz
Posted August 26, 2020

As officials at the National Hurricane Center monitor the projected path of Laura (below, as of Wednesday evening), here are a few things to know about the U.S. natural gas and oil industry’s preparations:

1.We’re focused on the safety of workers, communities and infrastructure

2. U.S. energy leadership, lower demand mean inventories of refined products are strong

3. America’s energy infrastructure network is modern and diverse

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Global Economic Recovery and Oil Markets in Context

economic recovery  oil markets  oil demand 

Dean Foreman

Dean Foreman
Posted August 26, 2020

The 2020 global economic recession, triggered by the COVID-19 pandemic and government responses to it, is the deepest since World War II. Yet the World Bank, along with the Bloomberg consensus, expect global GDP growth to rebound in 2021.   

It appears $15 trillion of global stimulus is likely to have a positive impact on economic growth – and, with enabling infrastructure, markets and policies, could become a source of optimism for global oil markets.  

Historically, global GDP growth and increased oil demand have gone together – once there’s impetus for growth there must be energy to fuel that growth.

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Video: No Malarkey, Natural Gas and Oil Critical to U.S. Security, Growth

us energy security  economic growth  manufacturing  president 

Mark Green

Mark Green
Posted August 25, 2020

Former Vice President Joe Biden, talking about the benefits of U.S. natural gas and oil in the years leading up to his 2020 presidential campaign:

“North American energy makes us independent.”

“We now have over a hundred years’ supply of natural gas that would enable us to meet every single need we have in America.”

“We’re positioned to own the 21st century. … North America will remain the epicenter of energy.”

… Clearly, there was a time when the former vice president was quite bullish on U.S. natural gas and oil. He recognized the strategic benefit of falling U.S. oil imports and the advantages of affordable, reliable energy to American manufacturing. … Unfortunately, things have changed.

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U.S. Petroleum Markets – July Progress and a Potential Turning Point

monthly-stats-report  economic growth  oil markets 

Dean Foreman

Dean Foreman
Posted August 21, 2020

We’re seeing cautious optimism in the news about oil markets, with crude’s comeback broadly continuing for a third consecutive month in July with the gradual re-opening of state economies. API’s Monthly Statistical Report (MSR) for August presents the latest details. 

U.S. petroleum demand has clearly rebounded, albeit at a slowing growth rate. We see this as good news for staying on a positive track and reflective of progress made to overcome continued challenges with COVID-19.

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