Skip to main content

Energy Tomorrow Blog

U.S. Energy: Global Impacts, Local Benefits

oil production  crude oil  lng exports  keystone xl pipeline  fracking  offshore development 

Mark Green

Mark Green
Posted June 16, 2014

FT.com – Despite jitters over Iraq, the price of oil is at its most stable since the early 1970s, as a huge increase in US oil production offsets massive disruptions to supply from places such as Libya, according to BP.

Christof Rühl, group chief economist, said the world had seen a cumulative 3m barrels a day of supply disruption since the start of the 2011 Arab uprising but that had been “cancelled out” by a similar extra amount of US production.

“There has been an almost perfect match between outages in north Africa and elsewhere and US production growth,” he said. The equilibrium had created an “eerie quiet” in global oil markets.

More »

Choosing American Energy

domestic oil production  consumption  hydraulic fracturing  fracking 

Mark Green

Mark Green
Posted June 3, 2014

More data from the U.S. Energy Information Administration (EIA), pointing toward American energy self-sufficiency: The agency reports domestic energy production accounted for 84 percent of total U.S. energy demand in 2013, a ratio last seen in the early 1990s. EIA:

The portion of U.S. energy consumption supplied by domestic production has been increasing since 2005, when it was at its historical low point (69%). Since 2005, production of domestic resources, particularly natural gas and crude oil, has been increasing as a result of the application of technologies that can develop harder-to-produce resources.

More »

Tapping America's Energy Opportunities

energy exports  lng exports  fracking  emissions  crude oil production  shale energy 

Mary Leshper

Mary Schaper
Posted May 15, 2014

CNBC (Spencer Abraham/Bill Richardson): Once again the world is looking for America's leadership in unsettled times. Our diplomats have limited options to combat Russia's annexation of Crimea, but they can take greater advantage of a new tool in their toolbox that no administration has had for generations — U.S. energy abundance. American energy exports will not only create economic opportunities here at home but will provide strategic geopolitical advantages abroad.

The crisis involving Ukraine and Russia highlights the need for American energy leadership. Russia remains the world's largest exporter of natural gas, supplying 30 percent of Europe's imports. Countries on Russia's periphery, many nearly completely dependent on Russian supply, pay exorbitant oil linked prices. Many are NATO allies.

More »

U.S. Energy Self-Sufficiency Comes Into View

energy outlook  access  domestic oil production  imports  energy information administration  fracking  technology 

Mark Green

Mark Green
Posted April 7, 2014

Take a good look at the chart below – brand-new from the U.S. Energy Information Administration (EIA). The green line disappearing into the horizontal axis between the years 2030 and 2040 is what U.S. energy self-sufficiency looks like.

This is a big, big deal – a goal of every U.S. president since Richard Nixon more than 40 years ago: the point where domestic production exceeds imports, which EIA never included in any of its projections. Until now.

Because of surging tight-oil production – oil from shale and other tight-rock formations, developed with advanced hydraulic fracturing and horizontal drilling – the agency is including in its 2014 Annual Energy Outlook a high-production scenario under which net imports would reach near-zero between 2030 and 2040.

More »

Energy and the National Interest

keystone xl pipeline  energy policy  energy exports  domestic oil production  oil sands 

Mark Green

Mark Green
Posted March 14, 2014

More on the growing discussion of how North America’s energy renaissance – led by surging oil and natural gas production – affects U.S. energy and national security and gives our country the chance to positively impact global stability. A part of that conversation is the significant role the Keystone XL pipeline could play in securing our energy future, allowing our country to have greater influence abroad.

More »

Energy Stimulus: 'When You Create Jobs, You Attract People'

north dakota oil production  bakken shale  economic growth  job creation  growth 

Mark Green

Mark Green
Posted January 2, 2014

Saw a tweet from the Washington Post earlier this week, linking to a story on new population estimates released by the U.S. Census Bureau.

Basically, population is growing faster in the South and West than anywhere else in the country – and North Dakota’s 3.1 percent growth rate leads the nation. The second largest percentage increase was Utah’s 1.6 percent. The Post:

The annual estimates of state population on July 1 shows the South added more than 1.1 million residents between 2012 and 2013, while Western states added almost 728,000 residents over the past year. Northeastern states added 171,000 residents, while the Midwest added another 226,000 people. Many of those new Midwestern residents landed in North Dakota, which added 22,000 residents over the past year. That was a 3.1 percent population increase, the highest of any state in the country, fueled by an energy boom in the Bakken oil fields that has pushed the state’s unemployment rate down to 2.6 percent.

More »

U.S. Energy Brightens America's Future Path

crude oil production  pipeline safety  manufacturing  renewable fuel standard  shale benefits 

Mary Leshper

Mary Schaper
Posted December 26, 2013

U.S. crude oil production on track to surpass imports for first time since 1995

EIA Today in Energy: Monthly crude oil production in the United States is expected to exceed the amount of U.S. crude oil imports later this year for the first time since February 1995. The gap between monthly U.S. crude oil production and imports is projected to be almost 2 million barrels per day (bbl/d) by the end of next year—according to EIA's March 2013 Short-Term Energy Outlook.

According to EIA's projections:

  • Monthly crude oil production could surpass net crude oil imports later this year.
  • Monthly crude oil production is forecast to top 8 million bbl/d in the fourth quarter of 2014, which would be the highest level since 1988.
  • Net crude oil imports are expected to fall below 7 million bbl/d in the fourth quarter of 2014 for the first time since 1995.

More »

EIA's Outlook: Flush With U.S. Energy

american energy  oil production  natural gas supply  access  imports  fracking  shale energy 

Mark Green

Mark Green
Posted December 16, 2013

The U.S. Energy Information Administration (EIA) offered a preview of its 2014 Annual Energy Outlook that will come out next spring, and the second slide in Administrator Adam Sieminski’s presentation is an attention grabber, charting how expanding domestic oil production will reach historic levels in 2016 – 9.6 million barrels per day, a mark set in 1970.

More »

World Energy Outlook

energy development  energy demand  iea  domestic energy development  access  oil production 

Mark Green

Mark Green
Posted December 3, 2013

International Energy Agency (IEA) Chief Economist Fatih Birol was at CSIS this week, highlighting the organization’s findings in its 2013 World Energy Outlook. The report focuses on global energy demand growth, the future energy mix and the sources of energy. Key takeaways from Birol’s presentation:

  • The United States could become the world’s leading oil producer as early as 2015, two years earlier than IEA projected a year ago, Birol said.
  • About two-thirds of the growth in global energy demand between now and 2035 will come from Asia.
  • U.S. energy production, especially surging natural gas output from shale via hydraulic fracturing, is creating energy cost differentials that make American products more competitive in the global market.

More »

Energy Today - July 16, 2013

Energy 101  oil production  natural gas drilling 

Mark Green

Mark Green
Posted July 16, 2013

Carpe Diem – North Dakota Sets Another Oil Production Record

Blogger Mark Perry comments on the latest oil production figures from North Dakota: 810,314 barrels per day in May – the 10th month in a row the state as pumped more than 700,000 bpd. Production increased almost 26 percent over May 2012, thanks to booming production from the Bakken shale.

More »