Posted May 6, 2016
Energy for the betterment of all. Sounds simple enough, yet the foundational role energy plays in creating opportunity for better, healthier lives, security and freedom must not be taken for granted.
America’s energy revolution is driving economic growth. It’s benefiting individuals and families with reliable, lower-cost fuels. It’s building national security and strengthening the United States’ stature in the world. Our energy renaissance also is at the heart of lowering carbon emissions to near 20-year lows, which is letting the U.S. lead the word in CO2 emissions reductions. No, we mustn’t take that for granted.
ExxonMobil Chairman and CEO Rex W. Tillerson touched on these points during a speech this week at the U.S. Energy Association’s annual meeting and policy forum, which honored him with its 2016 annual award. Tillerson underscored the need for policies and actions to sustain and grow the U.S. energy revolution, for creating broader access in the world to energy’s benefits and noted the energy sector’s leadership in advancing climate goals.
Posted March 18, 2016
It doesn’t get enough notice: The U.S. energy renaissance is a revolution built on advanced technology and the ongoing quest to problem solve.
One of the best examples is hydraulic fracturing, the most important reason the United States leads the world in oil and natural gas production. Industry innovators took a process used for more than 60 years, modernized it and married it with it with advanced horizontal drilling to safely unleash previously inaccessible oil and natural gas reserves from shale and other tight-rock formations. It transformed America’s energy picture from one of scarcity and dependence to one of abundance and greater self-sufficiency.
The moral: When conventional wisdom says something can’t be done, just wait. Necessity, innovation and technology are marvelous at proving conventional wisdom shortsighted or wrong. On advancing new energy technologies to develop oil and gas more efficiently and in ways that are better for the environment, our industry isn’t standing still.
Posted January 25, 2016
Now, read what the energy company says about the future of natural gas:
The biggest expected growth will be in natural gas, which provides a practical energy solution for many applications while also providing a significant cost advantage versus other options to help reduce climate change risks.
Posted June 3, 2015
The Hill: House Republicans have found reasons to agree with some parts of the Obama administration’s energy infrastructure proposal.
GOP leaders in the House Energy and Commerce Committee told Energy Secretary Ernest Moniz that they are largely in agreement on the need to improve pipelines, electric transmission lines, energy storage and other pieces of infrastructure.
Moniz testified at the hearing to promote the Quadrennial Energy Review, which the administration released in April to call for comprehensive infrastructure improvements worth billions of dollars.
“Many people are even asking — not surprisingly — is there enough common ground between our efforts and the Obama administration to enact meaningful energy legislation,” Rep. Ed Whitfield (R-Ky.), chairman of the energy and power subcommittee, said at the Tuesday hearing.
Posted April 24, 2015
To identify members of API’s second Emerging Leaders Program as “millennials” would really be oversimplifying things. Sure, they generally fit that age demographic, but they’re not being defined by such a generalized label. Rather, they’re defining themselves in the professional world – which surely is a reason their companies nominated them to participate in a program that focuses on future industry leadership, which included joining API at IHS Energy’s annual CERAWeek conference in Houston.
This year’s program centered on how modern politics impacts the oil and natural gas industry. Specifically, the curriculum examined the growing importance of public policy, advocacy and mobilization within daily industry operations and underscored the importance of political participation.
Still, much of the context for these discussions involves the career expectations and experiences of the emerging leader cohort – which in some ways reflect the aspirational trends of the larger generational grouping. Just don’t pigeon-hole them as “millennials.”
During our conversation at CERAWeek there was agreement that the oil and natural gas industry fits with younger career people (whatever you call them) who are adaptable, appropriately ambitious and invested in the notion of making a difference.
Posted April 21, 2015
The theme of this year’s CERAWeek mega-conference in Houston is “Turning Point: Energy’s New World.” It is a new world, with the United States producing more energy from oil and natural gas – the lead fuels of the U.S. and the world’s economies – than any other country. Just a decade ago few could have imagined the possibilities.
Posted March 13, 2015
UPI – U.S. policymakers are called on to adopt the energy policies necessary to take advantage of the new era of abundance, the chairman of Exxon Mobil said.
Some energy companies with a focus on exploration and production are advocating for a repeal of a ban on the export of some domestically-produced crude oil. The ban was enacted in the 1970s in response to an export embargo from Arab members of the Organization of Petroleum Exporting Countries.
Exxon Chief Executive Officer Rex Tillerson led the drive, telling an audience at The Economic Club in Washington D.C. current policies are out of step with the energy landscape in the shale era.
"It is time to build policies that reflect our newfound abundance, that view the future with optimism, that recognize the power of free markets to drive innovation, and that proceed with the conviction that free trade brings prosperity and progress," he said in a Thursday address.
Posted December 4, 2014
National Journal: World oil producers have put oil prices into a free fall, refusing to pare back global supplies in the hopes that low prices will derail the fracking-backed production boom in the U.S. and preserve OPEC's power over world energy markets.
But global analysts are skeptical that the move will work.
The basic reason: Prices remain high enough to keep pumping. "Looking out there, it seems like there's a huge amount of oil that can be produced at $60, $70 per barrel," said Michael Lynch, president of consulting firm Strategic Energy and Economic Research, referring to the prices for Brent crude oil, a global reference point.
Posted May 23, 2012
Posted February 3, 2012