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Energy Tomorrow Blog

Energy, Exports and Production

energy exports  oil and natural gas development  economic growth  ozone  regulation  pipelines  innovation  technology 

Mark Green

Mark Green
Posted April 14, 2015

The National Interest (James Jay Carafano): Increasing American production and export of energy is a win-win-win proposition. It would enhance our national security, make international energy markets more free, and address environmental issues realistically. The next president should lead the campaign for an American energy export agenda. In the meantime, the present Congress can do much to prepare for the march.

The acme of presidential leadership is crafting policies that make the nation safe, free, and prosperous. Satisfying all three priorities is often the Oval Office's greatest challenge. It is like single-handedly trying to get squabbling triplets into their car seats. Yet, the confluence of geopolitics, America's energy abundance, and economic and environmental realities offers an almost unprecedented opportunity to do this successfully.

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Access and Energizing the Energy Revolution

oil and natural gas development  oil production  shale energy  hydraulic fracturing  arctic  oil sands  pipeline construction  offshore oil production  safe operations 

Mark Green

Mark Green
Posted April 6, 2015

MarketWatch:  U.S. oil production is on track to reach an annual all-time high by September of this year, according to Rystad Energy.

If production does indeed top out, then supply levels may soon hit a peak as well. That, in turn, could lead to shrinking supplies.

The oil-and-gas consulting-services firm estimates an average 2015 output of 9.65 million barrels a day will be reached in five months — topping the previous peak annual reading of 9.64 million barrels a day in 1970.

Coincidentally, the nation’s crude inventories stand at a record 471.4 million barrels, based on data from U.S. Energy Information Administration, also going back to the 1970s.

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Fracking, the U.S. Energy Revolution and Energy Security

oil and natural gas development  gallup poll  eia  access  fracking  horizontal drilling  shale energy  imports  domestic energy production 

Mark Green

Mark Green
Posted April 3, 2015

A couple of data points and some observations on energy security.

First data point: The U.S. Energy Information Administration (EIA) reports that last year the United States enjoyed the largest volume increase in crude oil production since record keeping began in 1900. That’s right, the largest increase in 115 years!

Production of crude (including lease condensate) increased during 2014 by 1.2 million barrels per day to 8.7 million barrels/day. EIA says that on a percentage basis 2014’s output increased 16.2 percent, the highest growth rate since 1940. 

You can thank shale and fracking.

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Safe, Responsible Arctic Drilling for Our Future

arctic  oil and natural gas development  offshore energy  chukchi sea  alaska  economic benefits  boem 

Mark Green

Mark Green
Posted April 1, 2015

News that the Interior Department has reaffirmed Shell’s right to drill in the Chukchi Sea off the Alaskan coast is an important step toward to Arctic energy development. While the company still must secure individual drilling permits and overall federal approval of its exploration plan, this week’s action advances the larger objective of safe and responsible development of an extremely valuable energy reserve. Interior Secretary Sally Jewell:

“The Arctic is an important component of the Administration’s national energy strategy, and we remain committed to taking a thoughtful and balanced approach to oil and gas leasing and exploration offshore Alaska.”

The oil and natural gas industry agrees. In official comments to the federal Bureau of Ocean Energy Management (BOEM), API and seven other industry-related associations argue that developing Arctic oil and natural gas off the coast of Alaska is essential to U.S. energy security. It’s also vital to the “long-term viability” of the Trans-Alaskan Pipeline System that connects Alaskan energy with the Lower 48. Developing Arctic energy is one of the keys to a robust offshore leasing program, which the federal government is drawing up right now.

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Strengthen the Draft Offshore Leasing Plan

offshore leasing plan  offshore access  oil and natural gas development  boem  economic benefits  atlantic ocs  eastern gulf  pacific  alaska 

Mark Green

Mark Green
Posted March 31, 2015

There are a number of main points in official comments submitted by API and seven other energy industry groups to the federal Bureau of Ocean Energy Management (BOEM) on its draft offshore oil and natural gas leasing program for the 2017-2022 time period.

Given how much offshore acreage was excluded from the proposed draft, BOEM should not remove any areas proposed in the draft from the final lease plan, the associations write. The government is missing key opportunities to harness U.S. offshore energy in the Atlantic, eastern Gulf of Mexico and off Alaska, as other countries are implementing robust offshore development programs. Energy development on the outer continental shelf (OCS) would generate significant job and economic benefits to the U.S., and industry continues to press ahead with technological, safety and environmental protection improvements – all designed to foster increased safety in offshore operations.

The comments are among those being collected by BOEM before it finalizes the five-year leasing program later this year. The leasing plan is a blueprint for offshore development; areas not listed in it won’t be offered for lease 2017 to 2022. Given the 10 to 15 years needed to develop offshore oil and natural gas – from the time the lease is sold to production – the federal plan is critically important.   

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Roadblocking America’s Energy Revolution

energy regulation  oil and natural gas development  epa  boem  blm  fracking  economic growth  ozone  renewable fuel standard  methane  offshore drilling  access 

Mark Green

Mark Green
Posted March 24, 2015

Last week’s release of the federal Bureau of Land Management’s new hydraulic fracturing rule suggests it’s time to update an infographic we posted last summer on the administration’s regulatory march that could impede America’s energy revolution. 

Unfortunately, the administration’s plans for energy regulation aren’t encouraging – not if you truly grasp the historic opportunity that surging domestic production of oil and natural gas is providing the United States.

We’re talking about the complete rewrite of America’s energy narrative, from one of scarcity – limiting America’s economic possibilities and overshadowing its national security concerns – to one of abundance in which the U.S. is more self-sufficient, more prosperous and more secure in the world.

We call that historic, revolutionary, a true renaissance in American energy.

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Fracking Rule Could Slow Energy Revolution

hydraulic fracturing  fracking  oil and natural gas development  federal lands  onshore  blm  regulation 

Mark Green

Mark Green
Posted March 20, 2015

Some important context to the new federal hydraulic fracturing rule announced by the Bureau of Land Management (BLM) is found in looking at the recent trend in federal onshore energy development.

It’s not an inspiring picture. Since BLM deals with onshore energy, let’s look at oil and natural gas output together, measured in barrels of oil equivalent (boe). Federal onshore production has declined from 1.8 million boe in fiscal year 2009 to 1.6 million boe in FY2014, a decline of 11.3 percent, according to federal data.

Breaking out the natural gas production figures, the decline is more dramatic. Onshore production of natural gas in federal areas fell from 8.7 billion cubic feet per day (Bcf/d) in FY2009 to 6.8 Bcf/d in FY2014, a drop of21.6 percent.

The reason is federal policy. Whether you’re talking about access to reserves or permitting red tape, the bottom-line result is declining production.

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Climate Doers

climate  greenhouse gases  greenhouse gas mitigation  co2 emissions  president obama  oil and natural gas development  american energy 

Mark Green

Mark Green
Posted March 20, 2015

More unhelpful talk from the administration directed at America’s energy industry – strange, given the key role played by the oil and natural gas industry in the nation’s recovery from recession, in reducing oil imports, in making the U.S. more secure in the world and in reducing greenhouse gas emissions, all on the current administration’s watch.

It’s not that some in the administration haven’t noticed these positives. Interior Secretary Sally Jewell at CSIS this week:

“… it’s no coincidence that our economic recovery has been accompanied by the biggest energy transformation of our lifetimes. The energy revolution we experienced in these last six years helped spur the recovery, but it’s also been accelerated by the policies our country put in place. Since 2008, American oil production has surged, from 5 million to 9 million barrels a day. And our dependence on foreign oil has fallen to its lowest level in more than 30 years. … These shifts in U.S. energy markets aren’t marginal or temporary. They are tectonic shifts …”

... Yet, in a recent interview President Obama talked about energy companies and climate change in adversarial, unproductive tones – echoing other administration messaging lately that borrows from the activist community. Like that messaging, these recent remarks are divorced from reality.

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Video: Fracking and Colorado

hydraulic fracturing  fracking  colorado  safe operations  oil and natural gas development 

Mark Green

Mark Green
Posted March 19, 2015

More from petroleum geologist Barbara Pickup in Breckenridge, Colo., featured in an API television ad earlier this year, talking about hydraulic fracturing and the environment.   

In the video below, Pickup talks about her love for the outdoors and environmental roots – and how they’re compatible with safe, responsible energy development using advanced hydraulic fracturing and horizontal drilling.

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21st-Century Energy

oil and natural gas development  energy future  emissions  economic benefits  Jack Gerard 

Mark Green

Mark Green
Posted March 13, 2015

The language of issue activism can have drawbacks. Sound bites charged with political activism seldom set the stage for useful policy discussions.

The White House recently earned four “Pinocchios” from the Washington Post’s FactChecker for mirroring the anti-Keystone XL talk heard from those who want the U.S. to stop using oil.

Similarly, in a climate change speech at the Atlantic Council this week, U.S. Secretary of State John Kerry mischaracterized America’s energy reality, calling U.S. oil and coal “outdated energy sources.” Said Kerry, “Coal and oil are only cheap ways to power a nation in the very near term.”

Not according to those who get paid to quantify U.S. energy, now and in the future. In its 2014 Annual Energy Outlook report, the U.S. Energy Information Administration (EIA) said that oil and natural gas supplied 63 percent of U.S. energy in 2012, with coal supplying another 18 percent. EIA projects that oil and natural gas will supply 61 percent of our energy in 2040, with coal holding steady at 18 percent.

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