Energy Tomorrow Blog
Posted January 30, 2019
Reducing methane emissions from natural gas and oil development is a primary industry mission – underscored at last summer’s World Gas Conference, where speakers from all over the world talked about increased methane capture and reduced emissions.
The reasons are clear. Fundamentally, our industry is in the business of producing and delivering natural gas, of which methane is the main constituent. Capturing as much methane as possible is smart and efficient from a business standpoint.
Equally important, natural gas and oil companies recognize that reducing methane emissions is responsive to the expectations of society, which wants energy to be produced safely and in a way that’s environmentally responsible. Operators are innovating and deploying technologies to achieve those goals. …
All of these points are important to counter a faulty narrative – that more government regulation is the only way to reduce emissions. This view often faults efforts to craft a regulatory approach that strives for greater efficiency, is achievable and fosters innovation.
Posted January 28, 2019
The reopening of the federal government is welcome news for everyone. As one of the country’s most regulated sectors, the natural gas and oil industry urged resolution, recognizing the important federal role in our nation’s energy sector – including infrastructure project review, issuing permits and other activities.
That said, we’ll point out that during the shutdown, industry operated safely and efficiently each and every day, providing the natural gas and oil that support economic expansion, deliver valuable benefits to consumers, strengthen U.S. security and help advance progress on climate and environmental goals.
Industry’s commitment to regulatory compliance was unaffected by the shutdown, including regulation by EPA, the Bureau of Land Management, the Pipeline and Hazardous Materials Safety Administration, the U.S. Coast Guard and other agencies – as well as state regulations.
Posted January 24, 2019
On a day when the U.S. Energy Information Administration (EIA) published its new Annual Energy Outlook – forecasting that the U.S. will become a net energy exporter next year through 2050, growing natural gas share in fueling electricity and rising liquid natural gas exports – API President and CEO Mike Sommers talked about sustaining and growing the engine of all these trends and more: the U.S. energy revolution.
The reason is simple: Where U.S. energy is and where it could go hinge on extending that revolution – to support economic growth, increase U.S. security in the world and help advance environmental and climate goals.
Sommers’ remarks at the U.S. Energy Association’s State of the Energy Industry Forum outlined the key goals for the American energy sector.
Posted January 23, 2019
Con Edison’s moratorium on new natural gas service to homes and businesses in the southern part of affluent Westchester County, just north of New York City, is a wakeup call to the entire state on the folly of stalling or blocking needed pipeline infrastructure.POLITICO has the story. Basically, the natural gas utility says there’s insufficient pipeline capacity to meet the area’s growing need for natural gas, which is underscored during peak heating periods. You know, like right now.
Posted January 18, 2019
The new Short-Term Energy Outlook from the U.S. Energy Information Administration (EIA) details the vigor of American crude oil production and strengthening U.S. energy security. This is good news for the economy, consumers and America's place in the world.
Consider that EIA estimates U.S. crude oil production averaged 10.9 million barrels per day (b/d) in 2018, an increase of 1.6 million b/d over 2017. EIA says production reached its highest level and had its largest volume growth on record.
EIA estimates crude oil and petroleum products net imports fell to an average of 2.4 million b/d in 2018, from 3.8 million b/d in 2017 – and 12.5 million b/d in 2005. And EIA forecasts that net imports will keep declining this year, to an average of 1.1 million b/d and to less than 0.1 million b/d in 2020. EIA forecasts that in the fourth quarter of 2020, the United States will be a net exporter of crude oil and petroleum products by about 0.9 million b/d.
Posted January 17, 2019
The natural gas and oil industry’s commitment to employee safety has paid off, reflected in API’s new, comprehensive Workplace Safety Report that shows industry’s incidences rate of occupational injuries and illnesses continues to decline and is significantly lower than the rate for the rest of the U.S. private sector.Industry’s safety initiatives – recognized by the U.S. Occupational Safety and Health Administration (OSHA), which has incorporated a number of API’s recommended practices into its own standards – have been successful. The report is full of data and graphics showing this.
Posted January 11, 2019
Before getting into a new report showing an uptick in energy-related carbon dioxide emissions last year, let’s make sure we keep an eye on the big picture as it concerns U.S. CO2. These points: U.S. CO2 emissions have fallen to their lowest level in a generation – even as global emissions have risen 50 percent since 1990. The leading reason for this favorable trendline is increased use of natural gas in power generation. Nine times this century the U.S. has reduced annual emissions more than any other nation, with clean natural gas playing a key role. As natural gas use in power generation increased, U.S. energy-related CO2 emissions decreased 8 percent between 2010 and 2017.
Now, into that context comes a preliminary estimate from the Rhodium Group that final 2018 data will show CO2 increased 3.4 percent last year. The estimate is consistent with a forecast in the U.S. Energy Information Administration’s Short-Term Energy Outlook. EIA said the emissions increase reflects 2018’s colder winter (heating) and warmer summer (electricity for cooling).
Significantly, both EIA and Rhodium expect declining CO2 emissions will resume this year.
Posted January 10, 2019
Coastal states that have hosted offshore natural gas and oil development for decades illustrate how advanced industry technologies and an emphasis on safety – protecting people and the environment – make offshore energy a great opportunity for other states.
A diverse group of business and industry leaders from Virginia – which could be included in the administration’s soon-to-be-unveiled offshore leasing program – recently visited Louisiana, which has had a long, successful experience with offshore development.
The visiting delegation wanted to see first-hand how offshore operations affect coastal areas, individual communities, the state and regional economy, other water activities and more – all feeding enthusiasm for what safe and responsible offshore energy could mean for Virginia.
Posted January 9, 2019
“Say hello to the future!” It’s one of the big takeaways from this week’s State of American Energy event, captured in the early frames of API’s new video, “America’s Generation Energy.”
The people of natural gas and oil indeed are looking ahead. As a nation, Americans can greet the future with optimism because our country has secure and abundant energy – the foundation for economic growth, an array of consumer benefits, increased security and environmental progress.These points are underscored in API’s just-released annual report. It notes that our industry has made history with record-breaking natural gas and oil production, which is making lives better and playing a big role in shaping the future.
Posted January 8, 2019
In many ways, the truest measure of U.S. energy is America itself – the country’s economic health and its security in the world, the individual prosperity of its citizens and the nation's ability to meet significant challenges. Energy, led by natural gas and oil, is driving progress in all of these areas. No less important is the role abundant, secure energy plays in expanding concepts of what's possible, what Americans can achieve.
These themes were highlighted at the State of American Energy event in Washington, D.C., where API’s annual report, “America’s Generation Energy,” was released. API President and CEO Mike Sommers said this Generation Energy – the generation of Americans with unprecedented opportunity to dream and achieve thanks to plentiful natural gas and oil – is ready to achieve big things.