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Energy Tomorrow Blog

Consumers Benefiting from More American Energy

Economy  jobs  american energy  fracking  lng exports  exports 

Mary Leshper

Mary Schaper
Posted December 16, 2014

EIA Today in Energy: The average U.S. household is expected to spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years. Lower fuel expenditures are attributable to a combination of falling retail gasoline prices and more fuel-efficient cars and trucks that reduce the number of gallons used to travel a given distance. Household gasoline costs are forecast to average $1,962 next year, assuming that EIA's price forecast, which is highly uncertain, is realized. Should the forecast be realized, motor fuel expenditures (gasoline and motor oil) in 2015 would be below $2,000 for the first time since 2009, according to EIA's December 2014 Short-Term Energy Outlook(STEO).

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An Economic Boost, Thanks to American Energy

Economy  jobs  american energy  fracking  lng exports  exports 

Mary Leshper

Mary Schaper
Posted December 15, 2014

Penn Live (Raymond Keating): At this weekend's annual Pennsylvania Society Holiday Dinner in New York City, I suspect energy policy will be a frequent topic of discussion — as it should rightfully be. From Benjamin Franklin's first experiments with electricity in Philadelphia to the energy revolution taking place in the Marcellus Shale natural gas play, the Keystone State has led the way in developing resources to the benefit of all Pennsylvanians and the entire nation.

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America’s Growing Energy Potential

american energy  Economy  growth  jobs  fracking  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted December 10, 2014

Reuters: A surge of oil and gas production will drive the U.S.economy 1 percent higher in 2040 than it would have otherwise grown, and energy exports will only stoke the expansion, an independent study on energy policy concluded on Tuesday.

 

New drilling technologies such as 'fracking' have unlocked an abundance of fossil fuels from shale deposits and the bounty will both jolt the economy and increase tax receipts, according to the study from the Congressional Budget Office.

 

Officials estimate "real (inflation-adjusted) GDP product will be about two-thirds of 1 percent higher in 2020 and about 1 percent higher in 2040 than it would have been without the development of shale resources," the report finds.

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Good Energy Policy, More American Energy Benefits

Economy  jobs  ethanol  e15  renewable fuel standard  fracking  crude oil  exports 

Mary Leshper

Mary Schaper
Posted December 8, 2014

Chicago Tribune Editorial: Last summer the Chicago City Council briefly considered an ordinance that would require gas stations in the city to sell a blend of fuel called E15, which has the potential to damage your car engine.

An E15 mandate is a patently bad idea. Changing pumps to sell a fuel blend of 15 percent ethanol — what you buy now has 10 percent — would be a big expense for gas stations. And E15 isn't safe for use in many older engines, from cars to trucks to boats to lawn mowers.

The idea seemed to die last summer. You might think the aldermen decided to put their constituents before the ethanol industry lobbyists who are pushing this fuel mandate. If you did, chalk that up to a triumph of hope over experience. This is, after all, the Chicago City Council.

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Thankful For: American Energy Security

Energy Security  american energy  Economy  jobs  fracking  regulation  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted November 26, 2014

EIA Today in Energy Blog: U.S. retail regular-grade gasoline prices continue to decline, averaging $2.82 per gallon (gal) as of November 24. This average is 47 cents lower than a year ago, and the lowest price heading into a Thanksgiving holiday since 2009.

 

Traditionally, the Thanksgiving holiday is one of the most traveled times of the year in the United States, and much of that travel is by car. AAA estimates that during this Thanksgiving holiday weekend (November 26-30), 41.3 million people in the United States will travel more than 50 miles from home by car. This level of travel, 4.3% higher than the same time last year, is the highest number of travelers by car for Thanksgiving in seven years and the third highest since AAA began publishing the data in 2000.

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Thankful For: Fracking

fracking  american energy  Economy  jobs 

Mary Leshper

Mary Schaper
Posted November 25, 2014

CNBC: America's unexpected transformation into the world's biggest natural gas producer and one of the globe's largest oil producers will give the U.S. more geopolitical clout on the world stage—including in key relationships with China, Russia and the Middle East.

 

By 2020, the U.S. is likely to be energy independent, along with Canada, its biggest import and export partner. Add to that a new boom expected from a reforming energy industry in Mexico, and North America will more than hold its own as a powerhouse in the global energy market.

 

The ripple, however, will be increasingly felt across the world. In the next several years, the European Union could be importing U.S. gas—and possibly even oil, if current laws change—lessening Russia's stranglehold on the European economy.

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Thankful For: American Energy

american energy  Economy  Energy Security  jobs  exports  crude  lng  fracking 

Mary Leshper

Mary Schaper
Posted November 24, 2014

Wall Street Journal (Jason Bordoff): It’s a whole new oil world for the U.S.

After decades of declining domestic oil production, the country is in the middle of an unexpected boom. Driven by new technology that reaches previously inaccessible reserves, production has soared by millions of barrels a day. This surge has been a key factor driving oil prices down.

So, should U.S. oil companies be allowed to sell that oil overseas?

Because of a restriction dating back to the oil scares of the 1970s, producers for the most part can’t export their oil. The export ban was part of a series of laws passed to ease supply concerns and prevent U.S. producers from skirting price controls by selling crude into the world market at higher prices.

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Energy Critical to Growing Economy, Creating American Jobs

Economy  american energy  jobs  energy  keystone xl pipeline  exports  fracking  lng exports 

Mary Leshper

Mary Schaper
Posted November 21, 2014

USA Today (Manhattan Institute’s Mark Mills): When the newly elected Congress convenes in January, energy will be a priority. In fact energy is the "foundation" action item according to the just-released roadmap from Speaker of the House John Boehner. So this is a particularly good time to map out just how different the energy world is today, and will be in the future.

 

Four decades ago, when America's extant energy policy paradigm was forged, the U.S. was the world's fastest growing major energy user in an environment of resource dependency and depletion. The facts have since flipped: America is now the fastest growing energy producer, while nearly all net new demand takes place elsewhere.

 

In this context, consider the implications for America, and the world, of five key numbers.

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The Benefits of America’s Offshore Energy

Offshore Production  jobs  Economy  Energy Security  growth 

Mary Leshper

Mary Schaper
Posted November 19, 2014

Tapping the energy resources off America’s coasts could improve our economy, our energy security and create thousands of jobs. Two new studies highlight the remarkable boost to job creation, U.S. energy security, domestic investment, and revenue to the government that lies within the Pacific Outer Continental Shelf (OCS) and the Eastern Gulf of Mexico.

API’s Group Director Erik Milito and the National Ocean Industries Association’s Randall Luthi outlined the studies for reporters during a conference call today. Milito:

“The oil and natural gas industry is a rare bright spot in our economy, and the ability to safely develop new offshore resources is critical to America’s continued energy security and job growth.”

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The Opportunity of American Energy

Economy  Energy Security  jobs  american energy  fracking 

Mary Leshper

Mary Schaper
Posted November 19, 2014

WYTV (ABC, Ohio): The Utica Shale Academy, located inside Southern Local Schools, held a special demonstration Tuesday for students and board members.

Austin Sadler, 17, is the only senior in the academy. He hasn’t wasted any time obtaining three certifications needed to get a job in the oil and gas industry after graduation.

Sadler said he has learned how to case a well, install pipe and tubing and understands how gas and oil is extracted from the ground. The first certification he received was for safety, called the Rig Pass.

“It allows me to be safely on any rig. I can be on a rig and know what I am doing and what not to do,” Sadler said.

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