Energy Tomorrow Blog
Posted May 16, 2018
For some time we’ve stressed that offshore oil and natural gas production is compatible with a variety of other ocean uses such as fishing and tourism – and most significantly, with the U.S. military’s need for open-water areas to conduct training exercises, advanced weapons testing and the like. Industry has a long track record of developing offshore energy in a manner that successfully coexists with the military’s needs in the Gulf of Mexico and other areas.
The same would be true in the Eastern Gulf of Mexico if a moratorium on offshore development there, in place since 2006, is allowed to expire in 2022 – creating access to key new areas for safe exploration and development of strategically important oil and natural gas. A new analysis by the Defense Department agrees.
Posted May 3, 2018
More on NAFTA – the North American Free Trade Agreement – which U.S., Canadian and Mexican negotiators are working to modernize.
Critically important to U.S. interests in any NAFTA 2.0 is keeping investor-state dispute settlement (ISDS) protections in the deal so that American investments and American property are protected against unfair treatment by host nation governments. ISDS is fundamental to this, which supports continuing U.S. investment in natural gas and oil projects outside this country. That, in turn, is fundamental to U.S. energy and national security. A couple of new videos underscore those points.
Posted May 2, 2018
The most recent federal Gulf of Mexico oil and natural gas lease sale was described in some media reports as “disappointing,” “modest” and “tepid.” But there’s another, more positive way to look at it.
First, every offshore lease sale the federal government holds is welcome by industry, because each represents new opportunity for the market to work as it should – with companies making investment decisions based on the potential for significant natural gas and oil production.
A more important point underscored with the Gulf sale is one we’ve been making for some time – that the federal government needs to make available new offshore areas for study, research, exploration and development.
Posted April 16, 2018
Posted April 10, 2018
Men and women who’ve worn the uniform of the United States view “energy security” through a different lens than the rest of us. To many of them the American energy revolution – with oil production projected to reach 10.7 million barrels per day this year, and the U.S. becoming a net natural gas exporter for the first time in nearly 60 years – means our armed forces are less likely to be deployed to faraway places to protect energy interests. The point was underscored at a Vets4Energy event today at API.
Posted March 29, 2018
Women continue to advance in the natural gas and oil industry. Yes, there’s more progress to be made – and it will be made – yet, it’s clear the old narrative that our industry remains the realm of men is just so yesterday – yesteryear, really.
This week Royal Dutch Shell announced former Maersk Oil CEO Gretchen Watkins will become president of its North American operations. Last week, Susan Dio was named chairwoman and president of BP America. There are other recent examples, including Julie Robertson, president and CEO of Noble Corporation and Vicki Hollub, president and CEO of Occidental Petroleum.
Posted March 27, 2018
The U.S. Energy Information Administration reports that the U.S. has become a net natural gas exporter for the first time since 1957 and that exports of liquefied natural gas (LNG) quadrupled in 2017 over 2016. Here's why these developments are important for the United States.
Posted March 23, 2018
Safely tapping America’s offshore natural gas and oil reserves could provide billions of dollars for the economies of coastal states – a big reason why the needs and voices across entire states, not just their coastal areas, must be considered in the offshore energy conversation.
For example, federal revenue sharing could help transform state economies by sending billions in royalties, rentals and fees to state coffers. By putting revenue-sharing programs in place – like those already working for the states of Alabama, Louisiana, Mississippi and Texas – North and South Carolina, Virginia, Florida, Georgia and other states could benefit from offshore energy development.
Posted March 15, 2018
By now I hope you’ve seen API’s new national TV ad that is air during NCAA basketball tournament games, touting the benefits of U.S. natural gas. The ad’s message is as clear as America’s air: Thanks to increasing use of clean, affordable natural gas, U.S. emissions of carbon dioxide from electricity generation – a major source of the greenhouse gas – are at their lowest level in 25 years. That’s an amazing development for a couple reasons.
Posted March 12, 2018
Certainly, Jimmie Pavelock knows what it means to serve in the community. So do members of the natural gas and oil industry. The measure of an industry or a business sector’s commitment to local communities is seen in what they do – as a corporation, or as individuals.As an industry, we recognize that strengthening the communities in which we operate – and where our employees live and raise their families alongside their neighbors – is about protecting them, providing opportunity for growth and prosperity and in lending a helping hand. It’s about contributing to the greater good.