The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

analysis  jack-gerard  energy  government  regulation  hydraulic-fracturing  oil-and-natural-gas  methane-emissions  revenue 

Mark Green

Mark Green
Posted July 2, 2015

A few months ago API President and CEO Jack Gerard explained why America is experiencing an energy revolution:

“We got to this era of energy abundance and global energy leadership because of the entrepreneurial spirit of the private sector, the hard work of the American worker and the unique system of private property and individual rights of the American marketplace.”

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epa-regulation  oil-and-natural-gas-industry  economic-growth  innovation  government 

Mark Green

Mark Green
Posted October 27, 2014

Ever heard of the broken window fallacy? In economic circles, it’s a common parable used to dismiss arguments that damage – like the breaking of a window – has a silver lining: spending to fix the window boosts the window repairman, which boosts the folks who make panes of glass and so forth.

Yet, that argument (and the one depicted in the broken window parable) misses a big unseen – there’s no free lunch in spending to repair or rebuild property. The money comes from somewhere. The person who must buy a new window spends money he or she might have invested or spent elsewhere in the economy, with greater economic impact. Likewise with government spending. Those dollars came from taxpayers who might have invested or spent elsewhere in the economy, with greater economic impact.

We say all of this because another common argument being heard is that tossing bricks of energy regulation will invigorate the energy sector.

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regulations  epa34  government 

Mark Green

Mark Green
Posted May 21, 2014

Eye-catching headline this week in The Hill: “EPA races to finish Obama rules.” First reaction: Haste makes waste – and when talking about regulation that could affect America’s dynamic, game-changing energy revolution, the goal should be sound policy, not speed. The Hill:

Officials at the Environmental Protection Agency (EPA) are racing to churn out new regulations before the clock runs out on President Obama’s term. … Lawmakers from both sides of the aisle say they are concerned by the broad sweep of the EPA’s regulatory agenda, even though the agency says it is merely enacting the laws that Congress has passed. “I recognize that EPA has to do this, but I think EPA is sometimes stretching the limit too far in how aggressive they’ve been moving,” said Sen. Mark Begich (D-Alaska), who has distanced himself from the president’s environmental and energy policies as he runs for reelection in his energy-rich state.

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energy  government  natural-gas  regulations 

Mark Green

Mark Green
Posted March 7, 2013

America is rich in the oil and natural gas that run our economy and make modern living possible. Industry ingenuity and innovation launched the shale revolution and rewrote the U.S. energy narrative – turning one of scarcity and limited opportunity into one of abundance. Needed are leadership and policies to develop the resources we have, generating transformative job creation and economic growth in the process.

ConocoPhillips Chairman and CEO Ryan Lance talked about these points in a speech at the IHS CERAWeek conference in Houston, focusing on the relationship between the oil and natural gas industry and government – probably the most pivotal relationship in terms of U.S. energy development.

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access  deepwater-drilling  domestic-energy  energy-demand  energy-policy  government  interior-department  offshore-drilling  offshore-drilling-ban  offshore-drilling-moratorium  deepwater-wells  environmental-review 

Jane Van Ryan

Jane Van Ryan
Posted December 9, 2010

The administration is erecting more roadblocks to offshore drilling. According to published reports, the government will require an environmental assessment for each and every deepwater well. It also plans to extend the government's timeframe for exploration plan review from 30 to 90 days. 

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