Energy Tomorrow Blog
Posted October 29, 2013
Here’s what Americans are thinking about tax reform discussions that potentially could include hiking taxes on U.S. oil and natural gas companies, according to a new Harris Interactive poll
Posted August 1, 2013
API’s Jack Gerard announced a new PwC study on the economic impacts of the oil and natural gas industry in 2011, the most recent year for which comprehensive data is available.
During a conference call with reports, Gerard noted that in 2011 the industry supported more than 9.8 million jobs – that’s 600,000 more jobs than it supported just two years earlier. Gerard:
“The PwC report confirms what we already know: America’s 21st century energy revolution is driving our resurgent economy.”
Posted July 2, 2013
A post on The Hill’s Congress Blog by the Information Technology and Innovation Foundation’s Matthew Stepp and Megan Nicholson caught our eye:
“… we suggest Washington policymakers raise at least $1 billion per year in new revenue from increased fees on oil and gas drilling, to be invested in breakthrough clean energy research at the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E).”
Now, we’re used to folks wanting to increase taxes and other fees from oil and natural gas to pay for their pet projects. But instead of “increased fees” maybe Washington policymakers should just let us do our jobs. The authors note:
“According to the Department of the Interior, oil and gas drilling revenue from federal lands increased 56 percent since 2000, averaging $11 billion per year.”
Posted May 9, 2013
New Interior Department Secretary Sally Jewell is on the right track in her remarks at this week’s Offshore Technology Conference in Houston, committing Interior to providing “regulatory certainty, predictability (and) consistency” in oil and natural gas development.
This is critical to reverse recent declining development in federal areas. According to the Congressional Research Service, while oil production in non-federal areas was up 2009 to 2012, in federal areas it was down 6 percent:
Posted April 9, 2013
The ad reinforces the main reasons the full Keystone XL project should get the green light from the president:
- Job creation – Approval of the full, 1,179-mile project could put thousands of Americans to work – more than 42,000 average annual U.S. jobs over the project’s construction period, according to a recent State Department analysis. As the president said recently, job-creation and a growing economy should be “true North” for policymakers. The Keystone XL is that true North.
Posted July 30, 2012
Posted July 27, 2012
Posted July 23, 2012
Posted July 6, 2012