Energy Tomorrow Blog
Posted February 7, 2018
The broad, impactful outlines of the U.S. energy renaissance in a couple of recent data points: In November, U.S. crude oil production reached 10.038 million barrels per day – a level not seen in 50 years – largely with advanced hydraulic fracturing unlocking oil from tight-rock formations; the United States is projected to be a net exporter of energy by 2022 in most scenarios studied by the U.S. Energy Information Administration. Strong domestic production will play a major role, EIA says.We’ve arrived at this point – with significant positive implications for American security and economic growth – for a couple of reasons: vast natural gas and oil reserves and an innovative, technologically advanced industry that has been able to safely and responsibly develop those energy reserves to the benefit of American consumers, businesses and manufacturers.
Posted February 1, 2018
– the most in half a century. Three big takeaways: America is stronger and our future is more secure; our industry's technologies are building a better future; and U.S. energy is in it for the long haul.
Posted January 31, 2018
Posted January 30, 2018
For the first installment of my API Chart of the Month series, let’s look at a pair of charts that show the strengthening of U.S. trade positions for petroleum – crude oil and refined products – and natural gas – supported by trade pacts such as the North American Free Trade Agreement (NAFTA). This is especially timely given the possibility trade will come up during tonight’s State of the Union address.
Posted January 29, 2018
Posted January 26, 2018
API’s Monthly Statistical Report (MSR) is a goldmine of information about our industry – and now the public can access it for free. Responding to new and evolving marketplace needs, API is now sharing the MSR free of charge on its website beginning this month. The report includes analysis of recent developments for major products, imports, refineries and inventories – accompanied by API graphs.
Posted January 24, 2018
There’s a new data point from New England that underscores the region’s lack of sufficient natural gas infrastructure. A new study from ISO New England finds there’s a better than 80 percent chance that some or all of the region faces rolling blackouts in the near future – chiefly because it can’t get enough natural gas when there’s peak winter demand. For a country that leads the world in natural gas and oil production, having an entire region at the mercy of cold weather pretty much ranks as a national embarrassment – the kind of thing that happens in under-developed parts of the world.
Posted January 23, 2018
The U.S. has and can continue to produce energy responsibly, and we need our political leaders to put our national security and economy, and the needs of consumers first. Gov. Cuomo’s refusal to tap New York’s energy potential has put the state’s economy on a reckless path and ignores the needs of New York families. New Yorkers deserve the chance to join in the American energy renaissance and reap more of its benefits.
Posted January 19, 2018
The past week or so we’ve talked a lot about how natural gas and oil help Americans power past the impossible – meeting the challenges of today and building a path to a better future. See API’s 2018 annual report, check out our keynote video and listen to API President and CEO Jack Gerard’s State of American Energy remarks. All point to the positive momentum for our nation provided by secure, abundant energy. Now, how do we keep it going? Gerard, speaking at the U.S. Energy Association’s State of the Energy Industry Forum, focused on three critical points for sustaining America’s energy renaissance.
Posted January 17, 2018