Posted April 19, 2018
American consumers take a keen interest in energy prices, for the health of their pocketbooks as well as their livelihoods and security. More than 10.3 million people directly or indirectly support the industry, and tens of millions more people own or work for businesses that depend on having abundant and affordable energy.
What happens in energy markets also is important to our business literacy and understanding of how the United States’ role in global commerce has evolved thanks to the energy renaissance. Not so long ago, many energy-intensive U.S. industries were hollowed out as jobs moved offshore. Thanks to American innovation, today the high availability and low prices of natural gas, natural gas liquids (NGLs) and oil have stimulated demand and investment while also helping to improve efficiency and return energy-related CO2 emissions to near their 25-year lows.
Posted April 18, 2018
The deep relationship between the U.S. natural gas and oil industry and America’s building trades unions – the men and women who build much of our country’s energy infrastructure – is getting deeper.In remarks to the annual legislative conference of North America’s Building Trades Unions (NABTU), API President and CEO Jack Gerard announced a new program to join the best practices of the two organizations in a new safety initiative, applicable to all energy infrastructure construction.
Posted April 16, 2018
Posted April 12, 2018
The Environmental Defense Fund’s plan to send up a satellite in two or three years to monitor methane emissions on earth from space generated headlines (some of the coverage here and here) and at some point can add to the knowledge base useful in advancing emissions goals. While EDF prepares for orbit, on terra firma our industry continues to use state-of-the-science technologies to reduce methane emissions from natural gas systems. With success: Emissions decreased 16.3 percent between 1990 and 2015, even as production increased nearly 52 percent.
This is a terrific, ongoing story that sometimes can get lost in the daily back and forth over who’s doing what on climate: Industry reducing emissions while also producing a natural gas abundance that benefits consumers, manufacturers and the environment, taking a lead role in reducing carbon dioxide levels to 25-year lows.
Posted April 10, 2018
Men and women who’ve worn the uniform of the United States view “energy security” through a different lens than the rest of us. To many of them the American energy revolution – with oil production projected to reach 10.7 million barrels per day this year, and the U.S. becoming a net natural gas exporter for the first time in nearly 60 years – means our armed forces are less likely to be deployed to faraway places to protect energy interests. The point was underscored at a Vets4Energy event today at API.
Posted April 6, 2018
An epic battle is shaping up in New York City over a proposed natural gas pipeline expansion.
On one side is a group of public housing tenants who lost heat during freezing temperatures this winter and really don’t want a repeat experience next winter. They’ve signed a letter supporting the Northeast Supply Enhancement project, which would allow more natural gas to be piped into Brooklyn and Queens.
Posted April 4, 2018
Against the backdrop of the natural gas and oil industry’s focus on developing its workforce of the future, we’re excited to be a part of twin events emphasizing STEM this week and weekend in Washington, D.C. – the US News/STEM Solutions Workforce of Tomorrow conference and the USA Science & Engineering Festival – both at the Walter E. Washington Convention Center. Look for us at the Power Past Impossible and Energy Citizens booths in convention center’s expo hall.
Posted April 3, 2018
Ohio-based utility FirstEnergy’s efforts to land a bailout from consumers have crossed over from the problematic to the absurd.
With the Federal Energy Regulatory Commission (FERC) in January rejecting a bid to alter the electricity marketplace in ways that would favor some generating facilities over others, FirstEnergy last week launched an end-run around FERC, asking U.S. Energy Secretary Rick Perry to basically do what FERC wouldn’t do – bail out up to 85 generating units, all coal and nuclear – claiming there’s an emergency with the reliability of the electricity grid.To which the regional power grid operator, PJM Interconnection, quite accurately, responded: What emergency?
Posted April 2, 2018
The summer driving season is arriving, so it’s a good time to take stock of recent market dynamics that have raised per-barrel costs for crude oil and consequently gasoline and diesel fuel.Nationwide, the American Automobile Association (AAA) reports that average prices currently are $2.64 per gallon for gasoline (up from $2.54 a month ago) and $2.95 per gallon for diesel fuel (unchanged from last month). While there is nothing particularly special about these figures from an economic perspective, consumers take notice when fuel prices are on the rise. Let’s look at the factors that have affected pump prices in recent years.
Posted March 29, 2018
Recent analysis of the potential economic benefits of offshore natural gas and oil, finding that coastal states and the nation could see billions in annual industry spending, job creation and federal revenue sharing dollars over a 20-year period, has the attention of leaders in one of those key states – Virginia.
A group of 21 Virginia businesses, associations and other organizations have written to federal officials in support of opening more of the U.S. outer continental shelf (OCS) to safe development. The comments were filed with the Bureau of Ocean Energy Management (BOEM), which is putting together a new federal offshore leasing plan that will blueprint development from 2019-2024.