The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

power-past-impossible  natural-gas  innovation  everything 

Mark Green

Mark Green
Posted June 15, 2017

API’s new advertisement communicates some of the ways natural gas plays an integral role in our daily lives: recreation, jobs, a cleaner environment, time efficiency and invention. And more – much more than we can depict in a 30-second ad. “Natural Gas Doesn’t Just Cook Dinner.” No, indeed.

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oil-and-natural-gas  innovation  technology  horizontal-drilling 

Mark Green

Mark Green
Posted November 7, 2016

The degree to which industry innovation and advanced technology is driving America’s energy renaissance is a good-news story that doesn’t get enough attention. Let’s see if we can take a step in that direction.

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vote4energy  us-energy-security  oil-and-natural-gas  innovation  investment  economic-growth  climate 

Mark Green

Mark Green
Posted July 20, 2016

Because of vast energy reserves and the advanced technologies and expertise to safely develop them, the United States’ energy future looks promising and secure. America continues to lead the world in oil and natural gas production, which is critically important for a future in which both are projected to remain the leading fuels supporting our economy and modern way of living. Energy security, in increasing measure, is in our hands … if.

If we make the right energy policy choices, and if we select leaders who will advance those policies. If we safely harness America’s energy wealth, if we foster the private investment and innovation that launched the ongoing energy revolution – if we do all these things, there’s no reason the United States can’t benefit from secure energy far into the future.

In this election year we should identify visionary leaders on energy issues – those who see and grasp the historic opportunity provided by surging domestic oil and gas production and also the actions needed to keep that production going. In that sense, energy can be a 2016 vote-decider.

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carbon-capture  carbon-dioxide-emissions  technology  innovation  exxonmobil 

Mark Green

Mark Green
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.


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news  american-energy  innovation  investment  fracking  shale-energy  manufacturing 

Mark Green

Mark Green
Posted June 25, 2015

CNN (Petraeus and Bhayani) – Fracking. 3D printing. Personalized medicine. Big data.

Each is a compelling technological trend. And taken together, advances in energy production, manufacturing, life sciences and IT amount to four interlocking revolutions that could make North America the next great emerging market -- as long as policymakers in this country don't impede their potential.

The impact of these four revolutions is already evident in the enviable economic position enjoyed by Canada, Mexico and United States compared with the rest of the world.

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news  efficiency  innovation  technology  shale-energy  pipelines  ethanol  energy-exports 

Mark Green

Mark Green
Posted June 8, 2015

Platts (The Barrel Blog)When OPEC left production unchanged in November last year many understood it to be US or Canadian tight oil producers who would suffer, but thanks to technological advances — to paraphrase Mark Twain — the reports of the death of the tight boom have been greatly exaggerated.

After OPEC’s announcement of stable production, crude prices fell under $50/b, and the obituaries began to be written.

But lower prices forced companies to become hyper-vigilant on costs, and the result was the opposite of what may have been intended. US and Canadian production continued to grow, and E&P companies became leaner and more efficient — leading to a more competitive industry.

The savings from technological advances and more efficient internal processes, unlike the drop in rig dayrates that could rise again when the market turns, will be a more permanent feature of the North American oil market.

The numbers tell the story. The North American oil rig count dropped from its peak in early October at 1,609 to 646 for the week-ending May 29, yet productions is headed in the opposite direction — US oil output hit 9.586 million b/d, its highest daily rate since the EIA began weekly production reports in 1983. The EIA recently forecast another million b/d of oil production growth until it peaks in 2020 at 10.603 million b/d.

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news  energy-exports  crude-oil  shale-energy  hydraulic-fracturing  fracking  arctic  innovation  manufacturing  offshore-drilling 

Mark Green

Mark Green
Posted May 20, 2015

The Wall Street Journal (Leon Panetta and Stephen Hadley): The United States faces a startling array of global security threats, demanding national resolve and the resolve of our closest allies in Europe and Asia. Iran’s moves to become a regional hegemon, Russia’s aggression in Ukraine, and conflicts driven by Islamic terrorism throughout the Middle East and North Africa are a few of the challenges calling for steadfast commitment to American democratic principles and military readiness. The pathway to achieving U.S. goals also can be economic—as simple as ensuring that allies and friends have access to secure supplies of energy.

Blocking access to these supplies is the ban on exporting U.S. crude oil that was enacted, along with domestic price controls, after the 1973 Arab oil embargo. The price controls ended in 1981 but the export ban lives on, though America is awash in oil.

The U.S. has broken free of its dependence on energy from unstable sources. Only 27% of the petroleum consumed here last year was imported, the lowest level in 30 years. Nearly half of those imports came from Canada and Mexico. But our friends and allies, particularly in Europe, do not enjoy the same degree of independence. The moment has come for the U.S. to deploy its oil and gas in support of its security interests around the world.

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news  energy-exports  crude-oil-production  offshore-energy-development  ozone-proposal  hydraulic-fracturing  innovation  technology  alaska  arctic 

Mark Green

Mark Green
Posted May 15, 2015

Bloomberg BNA: The chairman of the Senate Energy and Natural Resources Committee said May 14 that she is inclined to include standalone legislation that would end the 40-year ban on the export of domestic crude oil as part of a broader energy package the committee is drafting.

“I’d like to have it in there,” Sen. Lisa Murkowski (R-Alaska) told reporters. “It just makes sense in there, as part of the bigger, broader energy updating our architecture.”

The bill, the Energy Supply and Distribution Act of 2015 (S. 1312), released May 13, is scheduled to be the subject of a June 4 hearing on “energy accountability and reform,” along with other bills that could end up in the broader energy package, which is expected to be unveiled later this summer.

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news  energy-exports  crude-oil  conocophillips  efficiency  oil-and-natural-gas-industry  innovation  pipelines  shale-energy 

Mark Green

Mark Green
Posted May 11, 2015

Breaking Energy Opinion (Thorning): The Department of Energy recently approved an application from Alaska LNG to export natural gas. But there’s a catch: these exports can only go to nations where the United States has a free-trade agreement in place.

Never mind the fact that the top markets for LNG are India, China, and Japan, where we don’t have free-trade agreements set up.So essentially, the company is stuck alongside the 20-plus U.S. natural gas companies that are awaiting approval to sell abroad.  Some have been waiting for nearly three years.

Despite the rapid expansion of the American energy sector, the American regulatory apparatus hasn’t kept pace with the industry’s growth. New exploration techniques like fracking have opened up giant swaths of underground energy reserves in places like North Dakota and Pennsylvania. And the operations established to dig up the embedded oil and natural gas have created hundreds of thousands of new jobs and driven billions in new economic activity.

But now, unnecessary regulations are stifling firms with outdated rules. Most notably, the federal approval process energy producers have to navigate in order to sell in foreign markets is extremely restrictive. It’s needlessly difficult for firms to ship surplus oil and gas to eager customers abroad.

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news  economic-benefits  gasoline-prices  energy-exports  crude-oil  keystone-xl-pipeline  fracking  infrastructure  innovation 

Mark Green

Mark Green
Posted May 4, 2015

USA Today: The U.S. economy may not be benefiting as much as anticipated from the collapse in oil prices over the past 10 months. In fact, for oil-producing states, the decline of some 50% is taking a toll.

But one thing seems clear: The nation as a whole is nowhere near as susceptible to sharp swings in oil prices — one way or the other — as it was for decades.

That was the message from Jason Furman, the chairman of the White House Council of Economic Advisers and President Obama's chief economist, at a New York forum held by the Columbia University Center on Global Energy Policy.

Furman spoke one day before the U.S. government reported an annual growth rate of just 0.2% for the nation's gross domestic production from January through March, down substantially from a 2.2% pace in the fourth quarter of 2014.

Among the factors was consumer spending, which rose by only 1.9% in the first quarter compared with a 4.4% increase in the previous quarter.

Consumers proved slow to spend their savings from lower gasoline prices, savings that economists estimate at $700 per household, as Furman pointed out. But that reluctance may change soon, to the benefit of the nation's economy, he added.

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