The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

american-energy  president-obama  state-of-the-union  oil-and-natural-gas-production  emission-reductions  economic-growth 

Jack Gerard

Jack Gerard
Posted January 21, 2016

It’s become a State of the Union tradition: President Obama touts the benefits of oil and natural gas production without identifying the American energy revolution as their source. This year, the president implied that government investments in wind and solar are the reason the United States has “cut our imports of foreign oil by nearly 60 percent, and cut carbon pollution more than any other country on Earth.”

“Gas under two bucks a gallon ain’t bad, either,” he continued.

The New York Times was quick with a rebuttal, writing: “Private oil and gas companies, however, were a driving force behind the most important changes in the United States’ energy landscape over the past seven years: lower fossil fuel emissions and a reduction in dependence on imported oil. … A glut of domestic oil has helped lower prices and imports. The new supply of domestic natural gas has helped lower greenhouse gas emissions. Electric utilities have traditionally relied on coal as the cheapest fuel source, but turned to natural gas as it became cheaper.”

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state-of-the-union  american-energy  president-obama  oil-and-natural-gas-development  environmental-impact  economic-growth 

Mark Green

Mark Green
Posted January 12, 2016

During his last State of the Union address, President Obama could declare victory – an energy victory that has seen surging domestic production, lower consumer costs, economic growth and environmental progress, all happening together, on his watch. The president can say this U.S. model is winning the day, because it is. He should say this model is exportable to the world, because it is.

Fact: The U.S. is the world’s No. 1 producer of oil and natural gas. The domestic revolution in the production of oil and gas has reduced net oil imports and positioned the U.S. to claim its place as a major player in global energy markets. At the same time, the U.S. is leading the world in reducing greenhouse gas emissions.

Fact: Affordable natural gas – the average price at the national benchmark Henry Hub in 2015 was the lowest since 1999 – is largely the reason wholesale electricity prices at major trading hubs (on a monthly average for on-peak hours) were down 27 percent to 37 percent across the U.S. last year compared to 2014. That’s a real benefit for consumers.

Fact: Natural gas is winning in the marketplace. This is reflected in data from the U.S. Energy Information Administration showing the change in annual U.S. energy consumption by fuel source over the past decade.

These are all characteristics of the U.S. model, a market-driven model for energy growth, consumer benefits and climate progress. The president can own it. We wouldn’t mind a bit.

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energy-policies  keystone-xl-pipeline  president-obama  state-of-the-union  oil-and-natural-gas-development  state-of-american-energy  jack-gerard  economic-benefits  state-department  canadian-oil-sands 

Mark Green

Mark Green
Posted January 21, 2015

In a State of the Union address that mostly skimmed over energy issues – remarkable, given the generational opportunities stemming from America’s ongoing energy revolution – President Obama still underscored the yawning disconnect between his all-of-the-above energy rhetoric and his administration’s failure to put that rhetoric into action.

Talking about the need for infrastructure investment, the president said:

“Democrats and Republicans used to agree on this. So let’s set our sights higher than a single oil pipeline. Let’s pass a bipartisan ... infrastructure plan that could create more than 30 times as many jobs per year and make this country stronger for decades to come. Let’s do it. Let’s get it done.”

We agree. America’s infrastructure needs are greater than a single oil pipeline – the political football known as the Keystone XL – which the president has been punting around for more than six years.

But there’s no good reason, no good excuse, for not making the Keystone XL pipeline Job No. 1 in a procession of infrastructure projects. President Obama hasn’t offered any beyond calling “temporary” the 42,100 jobs the U.S. State Department has said Keystone XL would support. Yet, those jobs are no more temporary than the ones that would be supported by building bridges, roads and other projects the president routinely cites.

That’s the disconnect between what President Obama peddles in speeches to Congress and around the country – and what his administration is doing.

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american-energy  economy  energy-security  jobs  fracking  state-of-the-union  state-of-american-energy 

Mary Leshper

Mary Schaper
Posted January 21, 2015

The eight states at the heart of the American shale oil revolution all grew faster than the U.S. national average over the last decade, according to the U.S. Bureau of Economic Analysis (BEA), underscoring the importance of oil production to the U.S. economy.

Gross domestic product (GDP) attributable to private industry grew at a compound annual rate (CAGR) of 1.8 percent between 2002 and 2013 for the nation as a whole, after allowing for inflation.

But for the eight states at the centre of the shale oil revolution, all of which have increased their production by at least 20,000 barrels per day since 2008, private sector GDP growth has been much faster.

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state-of-the-union  president  petroleum  natural-gas  drilling 

Mark Green

Mark Green
Posted February 13, 2013

President Obama’s State of the Union message clearly indicated he understands the role domestic oil and natural gas development can play in creating jobs and lifting the economy. Now, will he act? Will he do things to help foster an array of benefits the oil and natural gas industry can provide our country? Let’s go over what we heard Tuesday night.

The Deficit

The president: “Our work must begin by making some basic decisions about our budget – decisions that will have a huge impact on the strength of our recovery. … We are more than halfway towards the goal of $4 trillion in deficit reduction that economists say we need to stabilize our finances. Now we need to finish the job. And the question is, how?"

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state-of-the-union  lng-exports  keystone-xl  fracking  energy  oil34 

Mark Green

Mark Green
Posted February 12, 2013

OK, so here’s the deal: Seldom is the annual State of the Union message going to be confused with the Gettysburg Address for lyric quality. Historically, presidents use the speech to set out detailed policy agendas. As listeners seek focus during an oration that might stretch an hour or more, we’re here to help.

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state-of-the-union  oil-sands  natural-gas  keystone-xl  hydraulic-fracturing  energy-policy  energy  access 

Mark Green

Mark Green
Posted January 25, 2012

There were lots of energy mentions in the president’s State of the Union speech, and we appreciate every one of them because they likely will stimulate increased discussion of energy issues in our country. In that way we join the president in trying to make more Americans aware of the country’s stake in energy  – in terms of jobs, economic growth and security.

We agree with a number of things the president said. Indeed, the men and women of America’s oil and natural gas companies already have been working in many of the areas mentioned by the president. And they’re willing to do more.

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domestic-energy  domestic-production  energy-policy  state-of-the-union  domestic-oil 

Jack Gerard

Jack Gerard
Posted March 3, 2011

The American oil and natural gas industry is one of the few sectors that have remained healthy throughout most of the recent recession. We can help create the jobs Americans need and supply domestically the energy Americans use -- all while helping address federal deficits.

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alternative-energy  domestic-energy  energy-policy  epa-regulations  government-revenue  state-of-the-union 

Jack Gerard

Jack Gerard
Posted February 24, 2011

President Obama recently called on Americans to "win the future." In his State of the Union address, he challenged U.S. industry to create jobs, invest in technology and innovation, and lead alternative energy development.

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