Energy Tomorrow Blog
Posted January 9, 2019
“Say hello to the future!” It’s one of the big takeaways from this week’s State of American Energy event, captured in the early frames of API’s new video, “America’s Generation Energy.”
The people of natural gas and oil indeed are looking ahead. As a nation, Americans can greet the future with optimism because our country has secure and abundant energy – the foundation for economic growth, an array of consumer benefits, increased security and environmental progress.These points are underscored in API’s just-released annual report. It notes that our industry has made history with record-breaking natural gas and oil production, which is making lives better and playing a big role in shaping the future.
Posted January 3, 2019
A new chapter in U.S. natural gas exports is unfolding before our very eyes – and with it, strengthened American energy influence abroad, increased trade and support for domestic natural gas production and jobs.The U.S. Energy Information Administration (EIA) projects that 2019 will see U.S. liquefied natural gas (LNG) export capacity will reach nearly 9 billion cubic feet per day (Bcf/d) by year’s end, up from EIA’s 2018 estimate of 4.9 Bcf/d. The U.S. would rank third in the world behind Australia and Qatar.
Posted December 28, 2018
Thinking about the year in energy in 2018, a couple of recent news items focus attention on the sea change for our country launched by the U.S. natural gas and oil revolution.
These energy riches and the technical ability to harness them mean that increasingly, the U.S. is in control of its future. Energy security means a nation that isn’t constrained by energy concerns the way it was less than two decades ago.
As Americans looking ahead to 2019, let’s pause to consider the impacts of America’s new energy reality. We should be impressed and thankful for the opportunities that go with being the globe’s leading energy producer.
Posted December 20, 2018
Remarkable production figures in API’s latest Monthly Statistical Report illustrate the breadth and depth of the U.S. energy revolution and translate into economic growth and increased U.S. security in the world. In the past, U.S. production data sometimes included an asterisk – leading in some scenarios but not others. The figures above pretty much eliminate the “ifs,” “ands” or “buts” associated with any discussion of U.S. energy muscularity.
Consider this: U.S. production of NGLs – liquid fuels produced with natural gas such as ethane, propane, butane and others – makes the U.S. natural gas industry the world’s No. 4 oil producer (behind the U.S., Russia and Saudi Arabia).
Posted November 14, 2018
The good news is that EPA’s proposed amendments to the 2016 New Source Performance Standards (NSPS) OOOOa rule will continue the rule’s ability to effectively reduce volatile organic compound and methane emissions from all emission sources addressed in the previous administration’s rule. Methane is the primary component of natural gas – a key product for industry. Producers are incentivized to bring that product to consumers, making its capture a top priority from a business standpoint, in addition to the environmental considerations. Unfortunately, the proposed rule includes several missed opportunities, and could ultimately stifle innovative new technologies in emissions detection and increase the cost of energy for Americans.
Posted October 23, 2018
Two stat lines capture the essence of modern natural gas and oil development:
First, the United States produced a record 11 million barrels of oil per day (mbd) in September, 2.2 mbd more than September 2017, according to API’s latest Monthly Statistical Report (MSR). It’s a remarkable output number, given where domestic production was less than two decades ago.
Second point: Just as remarkable is the fact the United States’ world leadership in natural gas and oil production is accompanied by world leadership in cutting greenhouse gas emissions.
Posted September 20, 2018
In API’s latest Industry Outlook and Monthly Statistical Report, we have shifted from recognizing risks on the horizon to having a line of sight on some of them. The effects of trade disputes in particular have become tangible.
Most notably, at the same time as the U.S. celebrated another new record for crude oil production of 10.8 million barrels per day (mb/d), U.S. petroleum exports decreased by 1.3 mb/d over the past two months.
Posted August 30, 2018
A map shows just how much damage could be done to the United States’ fifth-leading natural gas and seventh-largest oil producing state by Colorado’s Initiative 97 – the anti-energy, anti-progress measure that state officials said will be on the November election ballot. Coloradoans and all Americans should be very concerned.
Zeroing in on the state’s top five producing counties (outlined in blue) – Weld in the north on the border with Wyoming, Rio Blanco and Garfield on the western border with Utah, and La Plata and Las Animas on the southern border with New Mexico – the map shows that opportunity for new natural gas and oil development on non-federal land would be all but prohibited.This is an alarming prospect for all Americans, because we’re talking about putting the brakes on one of the country’s leading and fastest-growing energy producers.
Posted August 16, 2018
Lots of positive energy data points in API’s newest Monthly Statistical Report – and one that’s potentially concerning.
The good is that the U.S. tied its record for crude oil production in July at 10.7 million barrels per day (b/d) and set a new one for natural gas liquids, 4.4 million b/d. With total liquids production up by more than 2 million b/d compared to July 2017, the U.S. has accounted for almost all of the growth in world oil production so far in 2018 – more than compensating for production losses elsewhere around the world.
Now the potential point of concern. The U.S. petroleum trade balance retreated in July, perhaps the result – at least in part – of trade tensions prompted by new U.S. tariffs. Crude export were down 240,000 b/d last month, and refined products exports decreased 220,000 b/d.
Posted July 31, 2018
U.S. Energy Secretary Rick Perry makes a number of important points about domestic natural gas and oil production, hydraulic fracturing and U.S. energy exports in a piece for CNBC. These include: The United States is shedding dependence on imported energy; U.S. energy exports are helping friends and allies overseas; and natural gas is helping the U.S. lead in cutting greenhouse gas emissions.