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Energy Tomorrow Blog

Energizing Utah

analysis  utah  crude oil exports  economy and energy  gasoline prices  income  lng  pricewaterhousecoopers  trade  wood mackenzie 

Reid Porter

Reid Porter
Posted August 26, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Utah. We started the series with Virginia and Colorado earlier this summer and reviewed Kentucky and Tennessee to begin this week. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with Utah, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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Energizing New Hampshire

analysis  new hampshire  crude oil exports  economy and energy  income  lng  pricewaterhousecoopers  revenue  trade  wood mackenzie 

Reid Porter

Reid Porter
Posted August 21, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with New Hampshire. We started the series with Virginia on June 29 and reviewed Hawaii, Idaho , Vermont and Oklahoma to begin this week. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with New Hampshire, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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Energizing Vermont

analysis  vermont  crude oil exports  gasoline prices  income  pricewaterhousecoopers  revenues  trade  wood mackenzie 

Reid Porter

Reid Porter
Posted August 19, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Vermont. We started the series with Virginia on June 29 and reviewed Hawaii and Idaho to begin this week. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with Vermont, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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A Step Forward on Oil Exports

analysis  mexico  crude oil  energy exports  trade  economic benefits  american petroleum institute 

Mark Green

Mark Green
Posted August 17, 2015

Late last week the Obama administration gave the go-ahead for limited domestic crude oil exports to Mexico, a positive move on oil exports – yet one that immediately underscores this question: Why stop there?

According to the Associated Press, license applications approved by the Commerce Department allow the exchange of similar amounts of U.S. and Mexican crude, a swap. The U.S. would send an as-yet unspecified amount of light crude to Mexico in exchange for heavier Mexican crude. AP:

While the Commerce Department simultaneously rejected other applications for crude exports that violated the ban, the move to allow trading with Mexico marked a significant shift and an additional sign that the Obama administration may be open to loosening the export ban. Exchanges of oil are one of a handful of exemptions permitted under the export ban put in place by Congress.

Two things: First, the arrangement with Mexico, while limited in scope, nonetheless is the administration affirming the inherent benefits of trade. The light crude in the deal represents some of the domestic oil that’s accumulating and trading at a discount to global prices, unable to reach the world market because it’s shut in by an outdated, anti-competitive oil exports ban. Second, the U.S. needs to go further.

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Energy Exports: Putting U.S. in the Driver’s Seat on Trade

analysis  energy exports  trade  crude oil  liquefied natural gas  lng  economic growth  oil and natural gas production  american petroleum institute 

Mark Green

Mark Green
Posted August 11, 2015

The U.S. Commerce Department’s recent mid-year trade report illustrates how surging domestic oil and natural gas production is helping our economy – and strongly suggests what increased domestic output could do if U.S. crude oil and liquefied natural gas (LNG) had unhindered access to global markets.

According to Commerce, the U.S. trade deficit among petroleum and petroleum products fell 56.1 percent the first six months of this year compared to the first six months of 2014 (exhibit 9). That growth helped hold the total U.S. year-over-year trade balance steady, even as the trade deficit in non-petroleum products increased 23.1 percent. API Chief Economist John Felmy:

“Despite a very competitive global market, the U.S. energy revolution continues to push our trade balance in a positive direction. Oil imports remain on the decline, and strong exports of petroleum and refined products are creating new opportunities for America to bring wealth and jobs back to U.S. shores.”

For that trend to continue, though, the United States must pursue energy trading opportunities with the same vigor it pursues trade in other areas. A 1970s-era ban on crude oil exports should be lifted, and LNG export projects should be approved by the government so that domestic producers have every chance to access global markets.

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Energizing Montana

analysis  montana  crude oil exports  energy  gasoline prices  income  lng  pricewaterhousecoopers  wood mackenzie  trade 

Reid Porter

Reid Porter
Posted August 10, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Montana. We started our focus on the state level with Virginia on June 29. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with Montana, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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Energizing Maryland

analysis  maryland  crude oil exports  income  energy  gasoline prices  lng  pricewaterhousecoopers  trade  wood mackenzie 

Reid Porter

Reid Porter
Posted August 5, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Maryland. We started this week with Florida and Kansas; the series began on June 29 with Virginia. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with Maryland, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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Energizing Florida

analysis  florida  crude oil exports  economy and energy  gasoline prices  lng  income  pricewaterhousecoopers  revenue  trade  wood mackenzie 

Reid Porter

Reid Porter
Posted August 3, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Florida. We started our focus on the state level with Virginia on June 29. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with Florida, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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Energizing Washington

analysis  washington  crude oil exports  energy  income  gasoline prices  lng exports  pricewaterhousecoopers  revenue  trade  wood mackenzie 

Reid Porter

Reid Porter
Posted July 31, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Washington. Yesterday we looked at Alaska. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with Washington, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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Two Countries, Two Energy Revolutions

analysis  economic benefits  canadian oil sands  trade  american energy  keystone xl pipeline  refineries 

Mark Green

Mark Green
Posted June 5, 2015

OK, so EPA says safe hydraulic fracturing isn’t a threat to the nation’s drinking water. That’s great news for America’s energy revolution, which is being driven by advanced fracking and horizontal drilling. Without them there’s no revolution and certainly fewer jobs and less economic opportunity. Thanks, EPA, for following the science and recognizing – as industry has for some time, producing specific best practices for fracking – that the focus should be on continually improving safe operations and advancing technologies. These will help ensure our energy revolution goes forward.

Now, let’s talk about another country’s energy revolution – one that hasn’t gotten a lot of attention in the U.S. beyond the unfortunate, protracted debate over the Keystone XL pipeline. Canada’s own energy revolution is at the heart of the U.S.-Canadian relationship and is so integral to U.S. security. The vitality of Canadian energy is something more Americans should care about, as it bears directly and indirectly on our lives in a number of ways.

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