Energy Tomorrow Blog
Posted December 28, 2018
Thinking about the year in energy in 2018, a couple of recent news items focus attention on the sea change for our country launched by the U.S. natural gas and oil revolution.
These energy riches and the technical ability to harness them mean that increasingly, the U.S. is in control of its future. Energy security means a nation that isn’t constrained by energy concerns the way it was less than two decades ago.
As Americans looking ahead to 2019, let’s pause to consider the impacts of America’s new energy reality. We should be impressed and thankful for the opportunities that go with being the globe’s leading energy producer.
Posted December 5, 2018
The recent National Climate Assessment – projecting significant impacts to the country and the economy in the absence of more measures to address climate change – has garnered a good deal of attention, as well it should. The report raises a number of important questions for the national climate conversation, leading to a consensus path forward for the United States.While we don’t know all the ways our country may address climate in the years ahead, we must define meaningful progress as taking action and producing results – both of which our industry has been doing and will continue to do.
Posted November 28, 2018
During an Explore Offshore discussion on Capitol Hill, it’s not hard to pick out the good reasons for safely and responsibly developing offshore natural gas and oil: long-term U.S. energy and national security, jobs and economic stimulus, revenues to states, global leadership and more.
There’s not a more compelling reason than the way offshore development can create hope and opportunity for people who historically have struggled to gain access to both – a point made by Stephen Gilchrist, Explore Offshore state chairman for South Carolina.
Posted November 19, 2018
EPA likely will need to take the lead in rescuing U.S. consumers from the potential negative impacts of the federal ethanol mandate, given the shrinking chance that Congress will pass significant reforms to the broken Renewal Fuel Standard (RFS) program.
That’s the view of the natural gas and oil industry, which continues to warn of the possible consumer risks posed by the RFS, which was launched before the shale energy revolution and has been largely made obsolete by surging domestic 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 8, 2018
A big shout-out to Colorado’s voters for decisively rejecting a measure that could have significantly stifled new natural gas and oil production in their state – showing that they value energy’s importance to their economy, schools and public services.
Coloradans clearly support responsible development, and Tuesday’s vote signals that going forward, natural gas and oil’s value to Colorado is to be acknowledged as everyone works together to advance energy growth and public health.
Posted November 1, 2018
As Coloradans prepare to vote on an anti-energy measure that could severely damage state natural gas and oil production and stagger the state’s economy, it’s no exaggeration to say the whole nation is watching.
Consider: Proposition 112 would make 85 percent of non-federal land in Colorado – the United States’ sixth-leading natural gas and oil producer – off limits for new energy production by increasing required setbacks or buffer zones around certain “occupied structures” and “vulnerable areas” by 400 percent over the existing requirement.
Posted October 29, 2018
The Trump administration’s plan to push more high ethanol-blended E15 into the nation’s fuel supply doesn’t sit well with U.S. voters – for the consumer reasons we’ve been talking about for months (see here, here and here).
A new national survey of 1,001 registered voters across the country, conducted by Harris Poll, shows bipartisan concern about expanded sales of E15, which contains 50 percent more ethanal than E10 fuel, which is standard in the U.S.
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 11, 2018
In an editorial this week, Colorado’s largest newspaper announced strong opposition to Proposition 112, the anti-progress, anti-energy ballot measure that could put 85 percent of non-federal land off limits to natural gas and oil production in the nation’s fifth-leading natural gas and seventh-largest oil producing state.The Denver Post editorial urges voters to vote no on Proposition 112, arguing that requiring natural gas and oil operations to be 2,500 feet from “vulnerable areas” would be a severe blow to state energy production, jobs and economic growth.