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Energy Tomorrow Blog

RFS is Still Broken, and Consumers Still Need Protection

renewable fuel standard  rfs34  consumers  fuels 

Jessica  Lutz

Jessica Lutz
Posted August 17, 2018

With EPA receiving public input this week on its proposed ethanol volumes for 2019 under the Renewable Fuel Standard (RFS), it’s important to stay focused on the potential negative impacts of a broken Washington policy — on consumers and the fuel market.

Yes, we know that America’s energy renaissance in natural gas and oil production has accomplished the program’s aim of reducing U.S. reliance on imported crude oil. And we know that the RFS’ original goal of developing a commercially viable supply of cellulosic biofuel hasn’t become a reality. Even putting those (very large) factors aside, it is still very clear that lawmakers must to work together to find meaningful and long-term solutions to the broken RFS mandate – because it could bring very real harm to the nation’s consumers through higher energy costs and damage to the engines in their vehicles.

This week, API Downstream Group Director Frank Macchiarola told reporters that Congress needs to protect American consumers from potential risks posed by RFS mandates.

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Record Oil Output, Yet Dip in Petroleum Exports Suggests Tariffs’ Effect

crude oil exports  oil production  trade 

Mark Green

Mark Green
Posted August 16, 2018

Lots of positive energy data points in API’s newest Monthly Statistical Report – and one that’s potentially concerning.

The good is that the U.S. tied its record for crude oil production in July at 10.7 million barrels per day (b/d) and set a new one for natural gas liquids, 4.4 million b/d. With total liquids production up by more than 2 million b/d compared to July 2017, the U.S. has accounted for almost all of the growth in world oil production so far in 2018 – more than compensating for production losses elsewhere around the world.

Now the potential point of concern. The U.S. petroleum trade balance retreated in July, perhaps the result – at least in part – of trade tensions prompted by new U.S. tariffs. Crude export were down 240,000 b/d last month, and refined products exports decreased 220,000 b/d.


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Record Refinery Performance Lends Confidence for Hurricane Season

hurricane preparedness  refinery capacity  consumers  fuel supply 

Dean Foreman

Dean Foreman
Posted August 16, 2018

As we head into what historically is the heart of the annual hurricane season, America’s refiners have never been in a stronger position to deliver the fuels we all need – which is good news for consumers.

According to API’s Monthly Statistical Report (MSR), the refining industry in June eclipsed 18 million barrels per day (b/d) of liquid fuels processed in distillation units and has remained on track for its strongest year on record.

Indeed, the U.S. Energy Information Administration forecasts that refinery runs will average 16.9 million b/d this year and 17 million b/d in 2019 – both of which would be records, surpassing the 2017 annual average of 16.6 million b/d.

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Affordable and Reliable Offshore Energy is a Benefit to Floridians

access  economic benefits  exploration  offshore development  florida 

Jessica  Lutz

Jessica Lutz
Posted August 15, 2018

Increased access to America’s offshore natural gas and oil would bring far-reaching benefits to coastal states, and the entire country. This is precisely why the diverse, bipartisan “Explore Offshorecoalition gathered today in Florida: because the strategic interests of Florida and our nation are tied to responsible development of offshore natural gas and oil..

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Energy and ‘Safe + Sound Week’

workplace safety  safety standards  api 

Mark Green

Mark Green
Posted August 13, 2018

API is proud to partner with the U.S. Occupational Safety and Health Administration (OSHA) for “Safe +Sound Week” (through Sunday), a nationwide event to raise awareness and understanding of the importance of safety and health programs. This includes management leadership, worker participation and a systematic approach to finding and fixing hazards in workplaces.

To mark “Safe + Sound Week,” API is making 22 of its most important safety standards available for free, accessible here.

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One Millennial's View of America's Energy Industry

energy future  power-past-impossible  jobs 

Brian Sanders-Smith

Brian Sanders-Smith
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. 


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Report Backs Resilience of Natural Gas Infrastructure

natural gas  security  electric-grid  cybersecurity 

Jessica  Lutz

Jessica Lutz
Posted August 10, 2018

A newly released report from the Natural Gas Council demonstrates the resiliency of our nation’s natural gas industry – even in the face of extreme weather events or direct threats to the system, whether physical or cyber.

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Don’t Let U.S. LNG Exports Become Casualty of Tariff Policy

trade  lng exports  liquefied natural gas  china 

Mark Green

Mark Green
Posted August 8, 2018

A couple of observations on China’s announcement late last week that it may impose a 25 percent tariff on U.S. shipments of liquefied natural gas (LNG) to that country – which would be in retaliation for announced U.S. tariffs on certain Chinese goods coming into this country.

First, China was the third-largest importer of U.S. LNG in 2017, accounting for nearly 15 percent of our LNG exports, according to the U.S. Energy Information Administration (EIA).  As those numbers indicate, this exchange of tariffs could leave a mark as far as U.S. energy exports are concerned. ...

If U.S. energy exports are restricted – at the same time trade policies have been adopted that increase the cost of the steel our industry uses – there’s a risk of significantly affecting a sector that has been a driving force for economic growth. It’s a big price to pay. 

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ET Blog Moves to API.org Aug. 20

american petroleum institute  api  energy tomorrow 

Mark Green

Mark Green
Posted August 7, 2018

You’ve probably noticed some changes to API’s social media channels. The messages on Facebook and Twitter are the same, but we're streamlining your access to news, analysis and commentary on natural gas and oil issues, which we believe will foster even more conversation about energy.

Beginning Aug. 20, there’ll be another change: The Energy Tomorrow Blog will move to API.org as we pull together primary API content on our home website. 

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Tariffs and Signals From the Economy

trade  energy exports  economic growth 

Dean Foreman

Dean Foreman
Posted August 7, 2018

Recently, we discussed how natural gas and oil production and energy exports were major contributors to robust second-quarter growth by the U.S. economy – by themselves generating nearly half of the increase in U.S. real exports in Q2.

Yet, there’s concern that escalating U.S. trade restrictions and looming disputes could threaten global trade and economic growth. We’ve talked about tariffs and quotas directly impacting the natural gas and oil industry – China last week announced a 25 percent tariff on U.S. liquefied natural gas – but the potential effect is broader than just our industry, as indicated in last week’s post on possible food price impacts

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