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Energy Tomorrow Blog

American Energy and the World Marketplace

news  liquefied natural gas  lng exports  crude oil  oklahoma  shale energy  pennsylvania  renewable fuel standard  ethanol 

Mark Green

Mark Green
Posted June 1, 2015

Pittsburgh Post-Gazette op-ed (Eberhart): ... Since 2000, global LNG demand has grown an estimated 7.6 percent per year. And that rate is expected to increase: Ernst & Young predicts that by 2030 global demand will reach 500 million metric tons, doubling 2012 levels.

At the same time, because of the surge of natural gas from American shale, the United States is awash in the stuff, with domestic natural gas production increasing 41 percent in the past decade alone.

Ten years ago we were an LNG importer. Today we’re the world’s largest natural gas producer.

And with the amount of technically recoverable natural gas in the United States 100 times greater than our current consumption, we have a boon to the economy that is expected to contribute up to 665,000 net jobs and $115 billion to GDP by 2035. We are expected to have enough gas to meet our own needs while also helping to satisfy staggering demand in places like Japan, Korea, India, China and Taiwan.

Clearly, this is an opportunity we don’t want to miss. But a protracted, redundant and expensive approval process could put it just out of reach.

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Energy Path Turns on Infrastructure Needs, Policy Choices

news  pipelines  infrastructure  oil and natural gas development  epa  regulation  lng exports  cellulosic ethanol 

Mark Green

Mark Green
Posted May 21, 2015

Fort Worth Star-Telegram (Weinstein): Thanks to what’s sometimes called the “shale revolution,” America has re-emerged as an energy superpower.

Even with prices 40 percent lower than a year ago, we remain the world’s No. 1 producer of crude oil and other liquid hydrocarbons. Imports of oil have dropped from 60 percent of consumption to about 35 percent just in the past five years. We’re also the world’s largest producer of natural gas.

Both our oil and natural gas output would be even higher if not for regulatory and infrastructure constraints.

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Energy for America’s Today and Tomorrow

news  shale energy  oil and natural gas development  access  north dakota  energy exports  hydraulic fracturing  lng exports  new york drilling moratorium 

Mark Green

Mark Green
Posted May 14, 2015

Wall Street Journal: After slashing production for months, U.S. shale-oil companies say they are ready to bring rigs back into service, setting up the first big test of their ability to quickly react to rising crude prices.

Last week, EOG Resources Inc. EOG, -0.08%  said it would ramp up output if U.S. prices hold at recent levels, while Occidental Petroleum Corp. OXY, +0.93%  boosted planned production for the year. Other drillers said they would open the taps if U.S. benchmark West Texas Intermediate CLM5, -0.88%   reaches $70 a barrel. WTI settled at $60.50 Wednesday, while global benchmark Brent LCOM5, -0.13% settled at $66.81.

An increase in U.S. production, coupled with rising output by suppliers such as Russia and Brazil, could put a cap on the 40% rally in crude prices since March and even push them lower later in the year, some analysts say.

“U.S. supply could quickly rebound in response to the recent recovery in prices,” said Tom Pugh, a commodities economist at Capital Economics. “Based on the historical relationship with prices, the fall in the number of drilling rigs already looks overdone, and activity is likely to rebound over the next few months.”

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Charting the Course for U.S. Energy

news  energy policy  energy exports  crude oil  lng exports  fracking  oil and natural gas production  severance tax 

Mark Green

Mark Green
Posted May 8, 2015

The Hill: Sen. Lisa Murkowski (R-Alaska) took her biggest step to date toward a large-scale overhaul of federal energy policy on Thursday, introducing 17 bills she said could make up parts of an energy reform package this session.

The bills cover a myriad of topics, from electricity reliability to the Strategic Petroleum Reserve to the production of methane, hydropower or helium. Any of the bills could make up the backbone of a broad energy reform effort, something Murkowski, the chairwoman of the Senate Energy and Natural Resources Committee, has made one of her top priorities this session.

“Does this mean all of them are going to part of a broader bill? No,” she said at a briefing with reporters. “But does it mean these are my ideas I would like to have folks catch up on? Yes, absolutely.”

One high-profile piece of legislation missing from the slate introduced Thursday: a bill to lift the federal ban on crude oil exports. Murkowski said she will release that bill separately next week.

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Energy Exports and Fueling the Energy Revolution

american energy  lng exports  exports  Economy  fracking  new york  pennsylvania 

Mary Leshper

Mary Schaper
Posted March 27, 2015

LNG Wold News Blog: Dominion said it has celebrated with its international business partners and Maryland community leaders the construction of the Dominion Cove Point LNG liquefaction project. Kenichiro Sasae, the Japanese ambassador to the United States, and Maryland Gov. Larry Hogan joined Dominion Chairman Thomas F. Farrell II at the ceremony, along with Diane Leopold, president, Dominion Energy; Kazuhiro Takeuchi, president, CEO, and general manager for the Americas, Sumitomo Corp of Americas; Jayanta Sinha, president, GAIL Global U.S.A., and Steven R. Weems, president, Calvert County Board of County Commissioners.

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Cove Point LNG Export Facility Officially on the Way

liquefied natural gas  lng exports  maryland  economic benefits  government revenues 

Mark Green

Mark Green
Posted March 26, 2015

A welcome development in the larger effort to see the U.S. become a major player in the global energy marketplace: groundbreaking ceremonies this week at Maryland’s Cove Point liquefied natural gas (LNG) facility.

Gov. Larry Hogan joined other golden shovel-wielding dignitaries at Cove Point, built as an LNG import terminal but which is undergoing a $3.8 billion expansion to allow LNG export capability.

Cove Point and other proposed LNG export terminals are the key needed infrastructure for the world’s leading producer of natural gas to get its LNG to market.

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Hydraulic Fracturing Debate Focuses on Benefits, Regulation

hydraulic fracturing  fracking  Economy  jobs  lng exports  north dakota  texas  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted March 24, 2015

The Obama Administration released new federal regulations on hydraulic fracturing last Friday that could add to the cost of shale development, and add costs to the poorest Americans the most. ‘Fracking’ is already heavily regulated bythe states and new federal rules could hurt the booming shale industry in places like Wyoming – a state with the largest amount of development on federal lands. These reasons – and more – underscore the question – Do we really need new federal regulations? (Shorter: No.)

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American Energy Continues to Boom

oil and natural gas development  texas  colorado  shale energy  new york  liquefied natural gas  lng exports 

Mary Leshper

Mary Schaper
Posted March 4, 2015

AEI Carpe Diem Blog: The Energy Information Administration (EIA) released new state crude oil production data last week for the month of December, and one of the highlights of that monthly report is that oil output in America’s No. 1 oil-producing state – Texas – continues its phenomenal, eye-popping rise. Here are some details of oil output in “Saudi Texas” for the month of December and the economic impact that production is having on the state and national economies:

For the ninth straight month starting in April 2014, oil drillers in Texas pumped out more than 3 million barrels of crude oil every day (bpd) during the month of December.

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Keystone XL, Energy Exports and Infrastructure

keystone xl pipeline  lng exports  exports  jobs  Economy  infrastructure 

Mary Leshper

Mary Schaper
Posted February 25, 2015

After more than six years of review, President Obama continues to delay the Keystone XL pipeline, saying bipartisan congressional legislation to advance the project needed to be vetoed to defend process and procedure – a process that now has stretched more than 2,300 days. Keystone XL remains in limbo, despite overwhelming public support, drawing the attention of newspaper editorial boards and columnists across the country:

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Energy Progress, Opportunity

american energy  energy policy  lng exports  ozone  epa  emssions  fracking  ethanol 

Mary Leshper

Mary Schaper
Posted January 30, 2015

Support for LNG exports has gained momentum on Capitol Hill, with both the House and Senate advancing legislation this week that would help expedite federal approvals for exporting our plentiful natural gas. In a Senate Energy Committee hearing yesterday, an Energy Department official told lawmakers the legislation “is a solution [the agency] will be able to comply with.” Good news as both sides of the aisle tackle vital energy issues in the 114th Congress.

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