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Energy Tomorrow Blog

Ozone Regulation and Real-World Impacts

ozone standards  epa  economic impacts  american petroleum institute  regulation 

Mark Green

Mark Green
Posted March 17, 2015

The job that could be lost could be yours, or the job that doesn’t materialize could be the one you had your heart set on. Both scenarios could result from lower federal standards on ground-level ozone, which EPA has proposed and is expected to finalize later this year.

A NERA Economic Consulting study lays out the big-picture impacts, that a stricter ozone regulation could reduce U.S. GDP by $270 billion per year and $3.4 trillion from 2017 to 2040, resulting in 2.9 million fewer jobs or job equivalents per year on average through 2040.

Big numbers, but abstract. Embedded in them are potential real-world impacts for lots of Americans in terms of economic opportunity lost or denied, illustrated here on a state-by-state basis. These include businesses that might not be launched or expanded, infrastructure plans that could be shelved, such as roads and bridges. It could entail activities that communities might restrict as they try to comply with stricter ozone standards.

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Growing Consensus On ‘Unworkable’ RFS

renewable fuel standard  rfs34  ethanol  biofuels  cellulosic biofuels  american petroleum institute  blend wall 

Mark Green

Mark Green
Posted March 11, 2015

To the chorus of voices sounding the alarm on the broken Renewable Fuel Standard (RFS) – AAA, automakers, outdoor power equipment manufacturers, marine manufacturers, turkey and chicken producers, restaurant companies, grocery manufacturers, environmental non-profits and anti-hunger groups – add another: the advanced biofuels industry.

Given the fact the RFS was designed to encourage development of advanced and cellulosic biofuels, the Advanced Biofuels Association’s call for significant RFS reform is a game-changer in the ongoing public policy debate. ABFA President Michael McAdams at this week’s Advanced Bioeconomy Leadership Conference:

“… the Renewable Fuels Standard (RFS) – the very tool that was created to foster our industry – has become one of the greatest obstacles to continued development of the advanced and cellulosic biofuel industry due to inconsistent and poor implementation.”

The issue is the way the RFS, through annual ethanol mandates, has resulted in ever-increasing production of ethanol made from corn – versus ethanol and other biofuels made from non-food feedstocks.

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The New Move to Regulate Methane

shale energy  methane emissions  emission reductions  regulation  epa ghg regulations  oil and natural gas development  american petroleum institute 

Mark Green

Mark Green
Posted January 15, 2015

As we look at the Obama administration’s plan to impose new regulations on methane emissions from oil and natural gas operations, some important points.

First, when it comes to methane emissions, the White House is focusing on a relatively small piece of the big picture. Data from EPA’s Greenhouse Gas Reporting Program shows that methane emissions from natural gas and petroleum systems (161.6 million metric tons of carbon dioxide equivalent) represent just 28.5 percent of total methane emissions (567.3 million metric tons CO2 equivalent). That’s a fairly small wedge in the overall pie.


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‘This Unique American Moment’

state of american energy  american energy  oil and natural gas development  economic benefits  infrastructure  american petroleum institute 

Mark Green

Mark Green
Posted January 6, 2015

The U.S. energy revolution is fundamentally empowering. There’s no better word for it. Because of resurgent American energy, our country has choices where the horizon once was filled with energy-based limitations.

Because domestic energy is more abundant, Americans have renewed mobility – literally, in the form of cheaper gasoline that’s largely the result of U.S. crude oil impacting global markets and economically, because of oil and natural gas industry-supported job creation and investment, and a manufacturing renaissance spurred by affordable fuels and feedstocks.

No less important: The United States is more secure in the world because we’re much less dependent on energy from adversarial sources. America's all-of-the-above energy potential is a powerful opportunity for the nation.

This is a special moment in U.S. history, the dawn of a new energy-driven reality that could sustain and grow American prosperity here at home and America’s influence in the world. It could – if we seize it.

Throughout his annual State of American Energy address, API President and CEO Jack Gerard struck the positive chords of possibility in an American energy era – possibilities dependent on our national leadership’s ability to support “smart, responsible and forward-looking energy policies that promote economic growth, job creation and U.S. energy security and leadership.” 

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American Energy – A Bipartisan Issue

american energy  oil and natural gas  hydraulic fracturing  afl cio  access  american petroleum institute  economic growth 

Mark Green

Mark Green
Posted August 28, 2014

Despite the hyper-partisanship currently flourishing in Washington, there is a potential tie that binds: American energy.

Thanks to advanced technologies, entrepreneurial risk-taking and abundant oil and natural gas reserves, U.S. energy is on the rise: We’re the world’s No. 1 producer of natural gas and likely to be No. 1 in crude oil production next year, according to the International Energy Agency. Our energy revolution is creating jobs, boosting the economy and increasing America’s energy security and influence in the world. It’s also a bridge to bipartisanship.

API Executive Vice President Louis Finkel touched on these themes in a recent op-ed for the Reno Gazette-Journaland in a presentation before the Nevada state convention of the AFL-CIO. 

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All In for All of the Above

fossil fuels  oil and natural gas  petroleum products 

Mark Green

Mark Green
Posted June 23, 2014

So, how about Team USA’s performance in soccer’s World Cup!

The United States men’s national team is/are on the verge of something special down in Brazil – thanks to world-class skills, great coaching and superb fitness – cheered on by thousands of American fans.

Now, imagine for a minute what this World Cup would be like without fossil fuel energy. Think about all of those U.S. boosters, as well as fans from other countries, trying to travel to South America without the energy from fossil fuels. It wouldn't be pretty.

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Jobs and Opportunity in Energy

job creation  oil and natural gas jobs  oil and gas industry  american energy  petroleum products 

Mark Green

Mark Green
Posted March 10, 2014

A new report on the employment outlook for minorities and women in the oil and natural gas and petrochemical industries can be summed up in two words: tremendous opportunity. The study by consulting firm IHS projects that minorities will fill one-third of jobs in these industries by 2030 – up from one-quarter in 2010.

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The Trouble with Tier 3

epa regulation  petroleum 

Mark Green

Mark Green
Posted March 4, 2014

EPA's new, stricter rule requiring refiners to remove the last bit of sulfur from gasoline very likely will impact consumers and put additional drag on the economy while providing, at best, negligible benefit. The agency’s Tier 3 rule is a prime example of an unreasonable regulatory reach – one that studies have shown will increase costs without appreciably helping the environment.

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Energy, Exports and an Improving U.S. Trade Balance

energy exports  domestic energy development  trade  petroleum products 

Mark Green

Mark Green
Posted February 7, 2014

Big news from the Commerce Department this week is that U.S. exports rose to a new high in 2013 and imports dropped to their lowest level since 2009 for the smallest U.S. trade deficit since 2009 – thanks largely to reduced oil imports due to growing domestic production and record exports of products made from petroleum. The Wall Street Journal (subscription required) reports:

A booming domestic energy industry is largely responsible for the turnaround. Not adjusted for inflation, the value of petroleum exports—a category that includes gasoline, kerosene, lubricants, solvents and other products—reached a full-year peak in 2013. Petroleum imports, by value, were the lowest since 2010 and the volume of crude-oil imports, at 2.8 billion barrels, were the lowest since 1995.

Bloomberg reports the U.S. trade gap narrowed to $471.5 billion last year from $534.7 billion in 2012, with the trade balance on petroleum products shrinking to 20.2 percent, the biggest decline in four years.

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Lots of Shale Output, Lots of Well-Paying Jobs

shale gas drilling  shale jobs  petroleum engineering  hydraulic fracturing 

Mark Green

Mark Green
Posted October 23, 2013

Good-news posts are better than good. They’re great. What follows is double-barrel oil and natural gas good news – starting with data from the U.S. Energy Information Administration (EIA) on North American natural gas production from shale. The short story: North America is No. 1 in the world.

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