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Energy Tomorrow Blog

Imports Fall as America’s Energy Revolution Grows

oil and natural gas production  domestic production  access  economic growth 

Mark Green

Mark Green
Posted April 2, 2014

The U.S. Energy Information Administration (EIA) reports that total net U.S. energy imports declined last year to their lowest level in more than 20 years – reflecting two energy positives for America: growth in domestic oil and natural gas production and increased exports of finished petroleum products. EIA:

Total U.S. net imports of energy, measured in terms of energy content, declined in 2013 to their lowest level in more than two decades. Growth in the production of oil and natural gas displaced imports and supported increased petroleum product exports, driving most of the decline. A large drop in energy imports together with a smaller increase in energy exports led to a 19% decrease in net energy imports from 2012 to 2013.Total energy imports declined faster—down 9% from 2012 to 2013—than in the previous year, while export growth slowed. Crude oil production grew 15%, about the same pace as in 2012, which led imports of crude oil to decrease by 12%, accounting for much of the overall decline in imports.

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Out With Bad Arguments – In With Energy Security

keystone xl pipeline  oil sands  canadian oil sands  job creation  oil and natural gas production 

Mark Green

Mark Green
Posted December 27, 2013

The long-delayed Keystone XL pipeline and whether President Obama will agree with a strong majority of Americans who believe that the full project is in the U.S. national interest landed on a couple of year-ending lists of top energy issues, here andhere, no doubt reflecting the politics surrounding the pipeline’s five-year federal review.

Much of politicizing has been fueled by opponents who say stopping Keystone XL will stop oil sands development. The U.S. State Department disagreed in its most recent review, citing key economic factors that argue oil sands will get to market with or without the Keystone XL. The dynamic already is at work.

Last week, Canada’s National Energy Board recommended approval of the Northern Gateway pipeline to bring as much as 525,000 barrels a day of oil sands from Alberta to British Columbia. At the same time others are making plans to build loading terminals to service oil sands-bearing railroad cars. Demand for supply is driving the infrastructure needed to deliver that supply.

The question for the U.S. concerns the impact of Washington’s never-ending deliberation over the Keystone XL, even as other infrastructure for delivering oil sands moves toward reality.

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By the Numbers: U.S. Energy Renaissance Continues to Grow

oil and natural gas production  access  epa  ethanol  renewable fuel standard 

Mark Green

Mark Green
Posted November 13, 2013

U.S. Crude Production Beats Imports in October, EIA Says

Bloomberg: U.S. crude oil production exceeded imports in October for the first month since February 1995, the U.S. Energy Information Administration said.

Output averaged 7.74 million barrels a day, the Energy Department’s statistical unit said in its monthly Short-Term Energy Outlook. Crude oil net imports were 7.57 million, down from 7.92 million the previous month.

Horizontal drilling and hydraulic fracturing, or fracking, have unlocked supplies in shale formations in North DakotaTexas and other states. West Texas Intermediate, the U.S. crude benchmark, has dropped to below $95 from above $110 in September as domestic output reached a 24-year high.

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Gasoline Prices and Real Help for Consumers

access  energy  gasoline  regulation  Energy 101  Jobs and Economy  gas prices  fuel prices  Onshore Oil Production  Onshore Gas Production 

Mark Green

Mark Green
Posted May 23, 2013

Gasoline prices have been rising with the approach of the summer driving season – up to about $3.66, according to AAA – pushed there by rising crude oil prices. U.S. consumers need help. And they could get it – if the administration pursued a number of energy policies to put downward pressure on global crude costs, while abandoning other choices that could harm consumers.

API Chief Economist John Felmy’s reporter briefing Thursday focused attention on two paths: one that will increase domestic production of oil and natural gas and one that won’t. Unfortunately, the administration – via proposals to increase energy taxes and a new wave of questionable regulation – looks headed down the wrong path, a recipe for disaster for American energy:

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Graphing Oil and Natural Gas Production: Let’s Get All the Lines Going Up

access  domestic energy  energy  federal land  natural gas  natural gas production  oil production 

Mark Green

Mark Green
Posted October 19, 2012

Lots of discussion this week about energy production from federally controlled areas – onshore and offshore – as a subset of an overall rise in U.S. oil and natural gas output.

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Congress Should Focus on American Job Creation and Energy Development

domestic oil access  domestic oil production  energy policy  energy taxes  natural gas production  tax policy 

Rayola Dougher

Rayola Dougher
Posted May 6, 2011

API Executive Vice President Marty Durbin had this to say in support of the House Natural Resources Committee's efforts to focus on the need to produce more of America's oil and natural gas resources, which would create more jobs for our workers and more revenue for our government:

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