Posted June 1, 2017
Today, API releases a new report that highlights the tangible ways our industry protects the safety and environment – as it also helps local communities. It’s an important document, reflecting the premium placed on responsible energy development by natural gas and oil companies. From the report:
The safety, health and protection of people, the environment and communities are the top priorities for the natural gas and oil industry. Today, natural gas and oil not only power our lives, but are the building blocks for so many of the products that make modern life possible. But this energy and the amazing things derived from it – everything from clothing and cosmetics to state-of-the-art health care devices and medicines – aren’t possible unless responsible development is the centerpiece of everything the industry does.
Posted June 1, 2016
To create jobs, continue progress in reducing emissions and ensure America’s homes and manufacturers have access to affordable energy, energy infrastructure should be a top priority. Private businesses are ready to invest and workers are ready to build, now politicians need to get out of the way.
Posted May 31, 2016
Politico has an interview out today with Iain Conn, chief executive of the British energy and services company Centrica. Let’s look at a couple of the points that he makes.
Posted December 30, 2013
As 2013 nears its end, noting some of the year's most popular Energy Tomorrow Blog posts:
Jobs = Job 1
PwC’s latest detailing of the economic impacts of oil and natural gas activity ranked the highest in readership. And why not: It’s a great story. PwC found that in 2011, the last year for which complete data is available, the industry recorded these key numbers:
- 9.8 million full- and part-time jobs supported, directly and indirectly.
- $1.2 trillion added to the economy, accounting for 8 percent of the national total.
- Nearly $600 billion contributed in associated labor income – including wages, salaries, benefits and proprietors’ income.
Posted October 28, 2013
With colder weather creeping across the country, we think of the energy the U.S. oil and natural gas industry is providing for Americans’ lives, including heating homes and businesses. So when the Energy Department blog highlighted ways to “energize your neighborhood” with a series of energy-themed pumpkin stencils in time for Halloween – but didn’t include any for the sources of 62 percent of the energy Americans use – we thought maybe it was some kind of holiday trick.
Never fear, we've got the treats: Energy Tomorrow’s own pumpkin-carving stencils to fill in the gaps. "Energyween" anyone?
Posted September 4, 2013
Posted August 14, 2013
Posted July 11, 2013
From time to time, a few politicians get the not-so-bright idea to try to repeal the tax deduction for intangible drilling cost (IDCs). A new study out today from Wood Mackenzie shows what would happen if this cost recovery measure was repealed effective January 1, 2014.
During a conference call with reporters, API’s director of tax and accounting policy Stephen Comstock noted that IDC expenses including wages, fuel, and hauling costs typically represent 70 to 90 percent of the cost of a completed well. Comstock:
Posted July 4, 2013
Petroleum products are everywhere – from the time your iPhone alarm rings in the morning to the time you turn off the lights at night, oil and natural gas impacts almost every aspect of life. And it’s not just electronics – from toothpaste to medicines, to clothing to the roof over your head, when you stop to think about it, the oil and natural gas industry is an integral part of the American way of life.
Oil and natural gas contribute to our health and well-being through a myriad of medicines, medical supplies and health and safety products. Aspirin is synthesized from petroleum byproducts, and advanced medical devices such as heart valves and artificial limbs are made of plastic. Kevlar®, a lightweight fiber that’s five times stronger than steel helps keep our armed forces safe and our police forces protected – and it all began with oil and natural gas.
Posted June 28, 2013
Raise your hand if you’ve played “Whack-A-Mole,” the old staple of arcades and carnivals, where the object is bopping the heads of mechanical varmints with a padded mallet as they rapidly and randomly pop up through multiple holes in the game table.
The concept pretty well captures tactics Keystone XL pipeline and Canadian oil sands opponents have used to help delay the Keystone XL, a shovel-ready project that would create tens of thousands of U.S. jobs, help grow our economy and make the U.S. more energy secure.