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Energy Tomorrow Blog

The Iran Irony

analysis  energy exports  crude oil  economic growth  gasoline costs  american petroleum institute  Jack Gerard 

Mark Green

Mark Green
Posted July 29, 2015

The current crude oil export debate basically is about global competition – and whether the United States will stop sanctioning itself and let an American commodity trade freely on the global market.

An irony – we’ll call it the “Iran Irony” – underscores the anti-competitive nature of our outdated ban on oil exports and the strategic shortsightedness of maintaining it.

The “Iran Irony” is this: While the U.S. advances a nuclear deal that would let Iran reemerge as a major oil supplier on the global market – to Iran’s economic and competitive gain – the United States denies itself similar benefits by banning its own crude exports. This is hurting America’s global competitiveness, diminishing the potential positive impacts of America’s rise as an energy superpower.

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Energizing Minnesota

analysis  minnesota  crude oil exports  energy supplies  gasoline prices  lng exports  pricewaterhousecoopers  revenue  wood mackenzie 

Reid Porter

Reid Porter
Posted July 29, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Minnesota. We started this week with North Dakota and Illinois. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

 As we can see with Minnesota, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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Keystone XL: Justified by Science, Economics, Security

analysis  keystone xl  president obama  nebraska  south dakota  economic impacts  canada 

Mark Green

Mark Green
Posted July 28, 2015

As a pending energy issue whose lack of resolution is penalizing U.S. consumers and U.S. energy security, the Keystone XL pipeline may be unsurpassed in its importance.

It’s a $5.4 billion piece of strategic energy infrastructure that unfortunately has become a political football during nearly seven years of White House delay. It’s delay not based on Keystone XL’s energy and economic merits or its climate impacts – all exhaustively analyzed by five U.S. State Department reviews (latest one here). Rather, the project has been delayed because of an extreme, off-oil agenda whose proponents made a privately financed infrastructure project that this country needs into a political symbol.

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Energizing Illinois

analysis  illinois  income  energy  crude oil  exports  pricewaterhousecoopers  revenue  wood mackenzie 

Reid Porter

Reid Porter
Posted July 28, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Illinois. We started the week with a look at North Dakota. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with Illinois, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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Gearing Up in the RFS Debate

analysis  renewable fuel standard  rfs34  ethanol  epa  blend wall  american petroleum institute 

Mark Green

Mark Green
Posted July 27, 2015

More tools in the debate over the Renewable Fuel Standard (RFS). Fill Up On Facts.com has posted four short videos highlighting some of the disconnects between the original reasoning behind the RFS and the world we live in today – which is why the program should be fundamentally revamped, if not repealed.

Video No. 1 discusses the potential risks to vehicles from using E15 fuel – seen by some as a way to absorb all of the ethanol mandated by the RFS above what can safely be blended as standard E10 gasoline – the ethanol “blend wall.”

Other videos show that the founding assumptions behind the RFS are disconnected from today’s reality.

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Energizing North Dakota

analysis  north dakota  crude oil exports  lng  oil and natural gas development  pricewaterhousecoopers  regulation  wood mackenzie 

Reid Porter

Reid Porter
Posted July 27, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with North Dakota. We started our focus on the state level with Virginia on June 29. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with North Dakota, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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Leading on Reducing Methane Emissions

analysis  methane  emissions  epa  american petroleum institute  regulation 

Mark Green

Mark Green
Posted July 24, 2015

Some thoughts on EPA’s proposed program to encourage voluntary methane emissions reductions from existing sources. The Methane Challenge Program would expand on the Natural Gas STAR program by recognizing companies that make specific emissions reduction commitments and agree to submit annual data on the progress they’re making.

First, industry supports voluntary. The program could be supportive of what industry already is doing to reduce methane emissions – an effort that is working. EPA’s Greenhouse Gas Inventory Report issued this spring showed methane emissions from hydraulically fractured natural gas wells are down 79 percent since 2005 – a period in which natural gas production has soared.

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Energizing Oregon

analysis  oregon  crude oil exports  income  lng  oil and natural gas development  pricewaterhousecoopers  regulation  wood mackenzie 

Reid Porter

Reid Porter
Posted July 24, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Oregon. This week started with Maine and the series began with Virginia on June 29. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with Oregon, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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Energy, Congress and Our National Conversation

analysis  congress  energy policy  oil and natural gas development  access  economic growth  Jack Gerard 

Mark Green

Mark Green
Posted July 23, 2015

At an event last month, API President and CEO Jack Gerard sketched the broad outlines for a national conversation on energy, connecting energy policy with the approaching 2016 elections. It’s an appropriate linkage.

Our country has become a global energy superpower thanks largely to private innovation and entrepreneurship, which have created a generational opportunity – “the American moment,” Gerard called it. Sustaining the energy revolution requires vision, right policies and action – and the right leadership, which is why the 2016 vote matters. The energy path to help spur economic growth and prosperity and to increase national security is one that should transcend party politics.

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Energizing Massachusetts

analysis  massachusetts  income  energy development  oil and natural gas development  pricewaterhousecoopers  regulation  tax revenue  wood mackenzie 

Reid Porter

Reid Porter
Posted July 23, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Massachusetts. We started our focus on the state level with Virginia on June 29 and information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with Massachusetts, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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