Energy Tomorrow Blog
Posted February 6, 2020
During this week’s State of the Union address, President Trump kept with the decades-long tradition – and agreed with each of his six predecessors – by acknowledging the economic importance of domestic natural gas and oil production and outlining the policy pathways to a stronger energy future. The president noted that the U.S. has become the No. 1 producer of natural gas and oil anywhere in the world, by far, and that energy jobs are a record high.
Today, America is not only the world’s leading energy producer, for the first time in nearly 60 years, the U.S. is also a net exporter of total energy. As recently as 2009, energy imports represented 44% of the national trade deficit, but dropped to 5.2% in 2018 and then 1.2% in the first 10 months of 2019.
Posted February 5, 2020
The federal government’s latest energy projections are out, and they portray a U.S. energy future that continues to be driven by natural gas and oil.
It’s a future noteworthy for continued production growth, greater efficiency, the U.S. as a net energy exporter and emissions progress. All are connected in various ways to shale reserves and safe, modern hydraulic fracturing – and at risk if fracking were banned as some have advocated.
Americans understand how far the United States has come in the past decade and a half, thanks to shale and hydraulic fracturing, helping advance the goal voiced by U.S. presidents since Jimmy Carter of seeing this country end its reliance on foreign energy. Indeed, in December the U.S. Energy Information Administration (EIA) confirmed the United States as a net exporter of energy in total for the first time since the 1950s. This is an historic sign of new U.S. global energy leadership, and it shouldn’t be thrown away with foolish policy choices.
Posted February 4, 2020
For decades, American presidents across the political spectrum have outlined their policy proposals to Congress at the State of the Union. Ideologies come and go with each transition of power. But every president from Jimmy Carter to Donald Trump has agreed that affordable, reliable, and homegrown energy is essential to the country’s economic growth, national security, and overall prosperity.
Historically, U.S. energy policy was driven by our ambition to reduce dependence on foreign natural gas and oil, but times have thankfully changed. In 2020, the State of American Energy is one of domestic leadership in natural gas and oil production and progress toward global climate solutions.
Posted February 3, 2020
Energy – essential for growth and opportunity – is America’s strong suit, thanks to abundant domestic natural gas and oil. It’s a key driver in the national economy and also local economies, in places like Eau Claire, Wisconsin.
This is Energy Progress, the theme of API’s State of American Energy report. They’re living it in Eau Claire.
Posted February 3, 2020
So far this year, U.S. natural gas prices at Henry Hub have made for the lowest January record in over 45 years, adjusted for consumer price inflation.
As of Jan. 29, the U.S. natural gas spot price at Henry Hub was $1.94 per million Btu – nearly 35% below the price of one year ago and 76% lower than in 2008.
In fact, we know from the Bureau of Labor Statistics that U.S. households saved an average of more than $120 per year on natural gas in 2018 compared with 2008. That’s $10 per month for more than 127,000,000 households – or $52 billion less spending on home and water heating.
Posted January 29, 2020
The U.S. shale revolution keeps rolling, and with it strong support for state and public priorities. Texas and New Mexico each achieved record highs for industry contributions to statewide revenues and royalties, according to new reports from the Texas Oil and Gas Association (TXOGA) and the New Mexico Oil and Gas Association (NMOGA).
In 2019, America’s natural gas and oil industry posted a record-setting year in terms of production and exports. And last fiscal year, energy operators paid billions of dollars in state and local taxes that fund education, infrastructure and healthcare facilities for residents across the southwestern U.S.
Posted January 27, 2020
This article originally appeared in Law360.
The White House Council on Environmental Quality’s proposed update to the procedural regulations under the National Environmental Policy Act offers an opportunity to unleash the infrastructure required for sustainable 21st century energy.
Posted January 27, 2020
In his Jan. 10 column, the Houston Chronicle’s Chris Tomlinson took some shots at API’s new Energy for Progress campaign, which I addressed in a letter to the Chronicle’s editor. There’s only so much you can say in the 250 words you’re allotted for an LTE, so I thought I’d tackle Tomlison’s criticisms in greater detail here – actually, the kind of back-and-forth we’re trying to spark in our campaign.
For starters, Chris – like some politicians – fell prey to a tired and inaccurate caricature of the industry and dedicated his column to questioning our industry’s intentions instead of dedicating ink to the actual objectives before modern society – addressing the growing challenge of climate change while also making sure Americans have the energy they need.
Posted January 24, 2020
Remarks delivered Jan. 23 at the U.S. Energy Association’s “State of the Energy Industry” forum.
From President Carter to President Trump, 40-plus years packs in plenty of different ideologies, but all seven leaders shared a common goal: energy security for America. Each of those presidents knew that clean, affordable, and reliable American energy is essential to both economic growth and national security.
For decades, U.S. energy policy has focused on reducing our dependence on foreign natural gas and oil. The outlook was often pessimistic, defined by scarcity rather than surplus. Times have changed, thanks to a U.S. energy revolution that’s full speed ahead.
Posted January 23, 2020
The phase one trade deal between the U.S. and China is a step in the right direction for U.S. energy, increasing market stability and setting the stage for future negotiations. However, much more still needs to be done to restore U.S. energy export growth to China and repair damage brought on by the lengthy dispute – points made by API’s Aaron Padilla, senior advisor for international policy, in a Wall Street Journal interview earlier this week.