Posted December 21, 2016
Posted November 21, 2016
Posted October 12, 2016
Last week’s discovery of 6 billion barrels of oil in Alaska’s Smith Bay, which would increase the state’s reserves 80 percent, underscores the need for the United States to continue safe development of its Arctic resources.
Posted June 30, 2016
Thanks to America’s shale energy revolution, the United States is the world’s leading producer of oil and natural gas. The revolution has generated economic lift, increased American security in the world and benefited U.S. trade. Surging natural gas production and use is the main reason the U.S. leads the world in reducing carbon emissions.
These are all great developments for U.S. energy and for our country in general. And Americans recognize it, 73 percent of registered voters in a recent Harris Poll saying they support a national energy policy that ensures safe and responsible development of a secure supply of abundant, affordable and available energy. To get there you must have arobust, forward-looking U.S. offshore oil and natural gas leasing program. Access to domestic energy reserves is fundamental to domestic energy production.
Unfortunately, the next five-year leasing program now being written by the federal Bureau of Ocean Energy Management (BOEM) falls short in the vigor and vision departments.
Posted May 20, 2016
Near year’s end the federal Bureau of Ocean Energy Management (BOEM) is scheduled to release its offshore oil and natural gas leasing program for 2017-2022.
For more than a year BOEM has methodically worked to craft a program that will blueprint offshore development into the next decade and beyond, developing drafts, receiving comments from the public as well as inputs from elected officials in affected states.
With the United States emerging as the world’s leading producer of oil and natural gas, planning America’s offshore oil and gas development has never been more important. The United States must have an offshore oil and natural gas program that reflects America’s energy superpower status.
Posted May 11, 2016
Some points for the Senate Energy and Natural Resources Committee to consider when it meets next week to review the Obama administration’s proposed 2017-2022 program for offshore oil and natural gas leasing.
First, offshore oil and natural gas production historically has played a major role in overall U.S. energy output. In 2010 more than 30 percent of U.S. oil and 11 percent of U.S. natural gas was produced in the Gulf of Mexico. So, while it’s great that the U.S. Energy Information Administration (EIA) estimates that Gulf production will increase to record high levels in 2017, every American must recognize that reaching record Gulf output next year would result because of leasing decisions made a decade or more ago.
In that context, let’s be clear: The federal offshore leasing program must reflect energy leadership and vision, and it must be focused on fostering opportunity. It must not reduce America’s offshore energy potential by keeping key offshore areas off the table for development.
Posted April 27, 2016
BOEM’s DC meeting that followed others this month in New Orleans, Houston and a number of localities in Alaska, was an information smorgasbord. They had a video overview of the methodology in developing the leasing program that will guide offshore energy development from 2017 to 2022. They also had a number of tables with printed handouts, where BOEM staffers were available to talk about topics ranging from protected species to the human environment to acoustics in the water.
I asked a staffer if it was possible that someone knowing little to nothing about offshore energy and leasing could wander into BOEM’s meeting, watch the video, absorb the information handouts, talk to BOEM representatives and then submit an informed comment on the leasing proposal. “Yes,” he said. Neat.
BOEM had a number of laptops set up to receive electronic comments. I submitted mine the old-fashioned way, writing them out longhand on a form. I labored to print legibly.
Certainly, BOEM has been meticulous in developing its proposed leasing program. The final version that will come out early next year will say a lot about U.S. energy leadership and vision and the future of American energy. That’s how critically important our offshore reserves are.
Posted March 23, 2016
The Obama administration’s decision last week to eliminate the Atlantic from the next federal offshore leasing plan is a step backward for American energy policy. Despite bipartisan support in Congress and from voters in coastal states, the administration is doubling down on a shortsighted policy that keeps 87 percent of federally controlled offshore acreage off limits to energy exploration.
Expanding access to America’s energy resources – both offshore and onshore – is vital to our future energy security and economic growth.
Posted October 22, 2015
Recent reports assert that some of the world’s oil suppliers have had a strategy to curtail the U.S. energy revolution – and that the strategy has worked, citing U.S. Energy Information Administration data showing U.S. production in decline. Bloomberg this week:
After a year suffering the economic consequences of the oil price slump, OPEC is finally on the cusp of choking off growth in U.S. crude output. The nation’s production is almost back down to the level pumped in November 2014, when the Organization of Petroleum Exporting Countries switched its strategy to focus on battering competitors and reclaiming market share.
Market decisions by major suppliers certainly have impact. Yet, focusing attention on factors beyond U.S. control misses factors under U.S. control that have a clear bearing on the trajectory of domestic oil production, economic growth and American security.
We’ll name a couple: continuing the outdated ban on U.S. oil exports and regulatory and process roadblocks that limit access to energy reserves and production. What we have is an administration whose self-sanctioning approach to U.S. energy is hurting American competitiveness in the global marketplace, to the benefit of other producers.
Posted July 30, 2015
Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Alaska. We started the week with a look at North Dakota. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.
As we can see with Alaska, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.