Energy Tomorrow Blog
Posted November 21, 2018
This Thanksgiving, as we turn on our ovens to cook our turkeys and stuffing, pack up the car and head home to family and friends, and gather around the TV to watch the traditional Thanksgiving Day football games, let’s take a moment to remember that these important parts of our lives are powered by natural gas and oil.
Posted November 21, 2018
Recent headlines on natural gas prices may leave Americans feeling whipsawed by marketplace fluctuations (see here and here). So, let’s look at what’s been going on with natural gas this year. But first, four points to keep in mind:Affordable natural gas has saved the average household more than $100 per year in recent years; (2) most consumers are typically insulated from wholesale price variations – the focus of recent news coverage; (3) price increases this month to date are mainly the result of lower inventories coupled with cold weather forecasts that, of course, can change suddenly; and (4) recent price movements in natural gas futures are well within the ranges seen during the resurgence in U.S. energy production
Posted November 19, 2018
As we wait for the Trump administration to unveil the next federal offshore leasing program, which will guide offshore natural gas and oil development the next five years, new studies affirm what we’ve been saying about the economic boost outer continental shelf (OCS) leasing could give to coastal states – in the form of cumulative tax revenues over a 20-year forecast period. …
Individually, each state is looking the potential for big numbers and big benefits across the entire state. They follow studies earlier this year finding that through offshore leasing these states together could see billions in projected industry spending and the creation of hundreds of thousands of jobs.
Posted November 16, 2018
With the midterms behind us, we can anticipate the spate of political analysis bemoaning the onset “divided government” with this observation: Expanding and upgrading U.S. energy infrastructure offers a terrific opportunity for substantive, bipartisan action that will benefit the American people.
First, consider that America’s energy resurgence – spurred by technologies and innovations tapping vast natural gas and oil reserves in shale and other tight-rock formations – is growing the economy, strengthening U.S. security and providing consumer benefits. Abundant energy helps everyone – hence the chance for the new Congress to find common ground in bolstering the infrastructure that delivers it.API President Mike Sommers and Sean McGarvey, president of North America’s Building Trades Unions (NABTU), built on these themes earlier this week in an op-ed in The Hill.
Posted October 24, 2018
From prepared remarks at this week at the Lone Star Energy Forum in Houston, hosted by the Texas Oil & Gas Association (TXOGA):
It’s great to be back in Texas. And it’s a privilege to share a stage with some of the most steadfast advocates for U.S. energy leadership starting right here in Texas. TXOGA and API have the same goal, and it’s based on this event’s theme: “Energy Dominance Starts in Texas.” The goal is to make sure that the Energy Dominance that starts in Texas, doesn’t end in Washington, D.C.
Posted October 23, 2018
Two stat lines capture the essence of modern natural gas and oil development:
First, the United States produced a record 11 million barrels of oil per day (mbd) in September, 2.2 mbd more than September 2017, according to API’s latest Monthly Statistical Report (MSR). It’s a remarkable output number, given where domestic production was less than two decades ago.
Second point: Just as remarkable is the fact the United States’ world leadership in natural gas and oil production is accompanied by world leadership in cutting greenhouse gas emissions.
Posted October 3, 2018
Announcement of the United States, Mexico and Canada Agreement (USMCA) – locking in Canada and Mexico as our nation’s closest trading partners – is good news for the U.S. energy renaissance. Attention now turns to Congress, which should ratify the deal....
Because zero or reduced tariffs, market access between the three countries and trade liberalization all worked to the benefit of U.S. energy under NAFTA, our industry’s chief goal was an updated agreement was to keep in place features that have supported U.S. energy. USMCA does that – and Americans will be the beneficiaries.
Posted August 30, 2018
A map shows just how much damage could be done to the United States’ fifth-leading natural gas and seventh-largest oil producing state by Colorado’s Initiative 97 – the anti-energy, anti-progress measure that state officials said will be on the November election ballot. Coloradoans and all Americans should be very concerned.
Zeroing in on the state’s top five producing counties (outlined in blue) – Weld in the north on the border with Wyoming, Rio Blanco and Garfield on the western border with Utah, and La Plata and Las Animas on the southern border with New Mexico – the map shows that opportunity for new natural gas and oil development on non-federal land would be all but prohibited.This is an alarming prospect for all Americans, because we’re talking about putting the brakes on one of the country’s leading and fastest-growing energy producers.
Posted August 21, 2018
The U.S. is leading the world in the production and refining of natural gas and oil which is boosting our economy, keeping energy affordable for consumers and benefitting American workers. Despite these facts the Trump administration continues to push policies that work against domestic energy production. Proposed additional Section 301 tariffs – and the retaliatory tariffs from China that they could provoke – follow a similar pattern.
Posted August 10, 2018
As a Millennial with unruly hair who hikes and fishes through national parks, few could have expected me to work for the natural gas and oil industry. But three months ago, I started at the American Petroleum Institute (API) as an intern. It would be generous to say I had any knowledge of the industry when I arrived, but during my time at API I have been able to see and experience a new perspective of natural gas and oil. ...
My impression is that natural gas and oil not only has plenty of lucrative opportunities for Millennials and Gen Z’s but needs us to lead the industry into the future.