Energy Tomorrow Blog
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.
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.
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.
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.
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.
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.
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
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.
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:
… 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.
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.