The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

natural-gas  lng-exports  trade  climate  us-energy-security 

Mark Green

Mark Green
Posted April 26, 2017

The Trump Administration issued its first LNG export approval, with the Energy Department authorizing the Golden Pass project in Texas to export up to 2.21 billion cubic feet per day to non-Free Trade Agreement countries. It’s a big step forward for the joint venture between ExxonMobil, ConocoPhillips and Qatar Petroleum, which filed its original application with DOE in August 2012 and expects the project to support 45,000 jobs over five years and 3,800 permanent jobs over the next 25 years of operation.

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refineries  petroleum-products  energy-exports  canada  mexico  trade 

Mark Green

Mark Green
Posted March 22, 2017

Exports of finished petroleum products – including finished motor gasoline, propane, distillate fuel oil and others – to Canada and Mexico are a big part of the North American energy market that we posted on here, a market that is providing economic and security benefits to all three countries.

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natural-gas  lng-exports  trade  economic-growth  us-energy-security  energy-department 

Mark Green

Mark Green
Posted March 16, 2017

The global LNG market is developing, and the spot market’s growing liquidity could favor U.S. exporters, already benefiting from abundant domestic supply and ready access to the Panama Canal. America has the natural gas and access to markets. Artificial restrictions on LNG export project development should be removed. The potential benefits to the United States are significant. 

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energy-exports  lng-exports  trade  economic-growth 

Mark Green

Mark Green
Posted January 25, 2017

American energy also should be able to reach new markets abroad. Freely trading U.S. crude, LNG, petrochemicals and finished products made from petroleum and natural gas is key to strengthening U.S. competitiveness around the globe, economic growth and domestic energy production.

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energy-exports  liquefied-natural-gas  lng34  trade 

Mark Green

Mark Green
Posted November 30, 2016

Perhaps more importantly, the November natural gas export/import numbers suggest new U.S. muscularity in the global energy marketplace, built by America’s domestic energy renaissance. Record natural gas output, largely developed with advanced hydraulic fracturing and horizontal drilling, is creating export opportunities for U.S. liquefied natural gas (LNG) and increasing U.S. energy influence globally.

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lng-exports  trade  economic-growth  emission-reductions  security 

Mark Green

Mark Green
Posted September 21, 2016

With environmentalists attacking a provision in pending energy legislation that would boost the competitiveness of U.S. liquefied natural gas (LNG) exports, now’s a good time to review the reasons to expedite federal approval of LNG export projects in this country.

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liquefied-natural-gas  lng-exports  trade  us-energy-security  fracking  infrastructure 

Mark Green

Mark Green
Posted August 2, 2016

Gaining strength is the argument that the United States should move as expeditiously as possible on liquefied natural gas (LNG) export infrastructure that would help secure America’s place in the emerging global LNG market.

The added heft is seen in two ways. First, the initial U.S. shipment of LNG passed through the newly expanded Panama Canal last week, underscoring a point made in this postthat the widened canal will shorten voyage times from U.S. LNG export facilities on the Gulf Coast to Asia and the western coast of South America, boosting the competitiveness of U.S. suppliers. Reduced voyage time means quicker turnaround times, leading to better service and a boost to U.S. competitiveness.

Secondly, an International Energy Agency (IEA) report projects the U.S. will become the world’s third-largest LNG supplier in five years, behind Qatar and Australia. 

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liquefied-natural-gas  lng-exports  infrastructure  economic-benefits  trade 

Mark Green

Mark Green
Posted July 5, 2016

newly expanded Panama Canal is open for business.

It’s noteworthy, as federal official say, that the enlarged canal can handle the vast majority of the world’s liquefied natural gas (LNG) tankers while significantly shortening travel time and transportation costs for U.S. LNG suppliers to key overseas markets. This is huge for U.S. LNG exports, offering another strong argument for swifter federal approval of pending LNG export projects.

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crude-oil-exports  lng-exports  economic-growth  oil-and-natural-gas-production  us-energy-security  trade 

Mark Green

Mark Green
Posted January 4, 2016

As we write, the United States is once again an exporter of crude oil. Sure, in the past the federal government has allowed limited crude exports. The oil tanker that left the Port of Corpus Christi, Texas, late last week is the bearer of the first freely traded U.S. crude in about four decades – made possible by congressional legislation that President Obama signed to end a 1970s-era ban on exports. It’s a new day indeed.

But wait, there’s more. Cheniere Energy  says it has begun liquefying natural gas at its new export terminal in Louisiana, setting the stage for its first LNG export cargo this month.

Both are big-time energy developments for the United States – opportunities created by a domestic energy revolution largely driven by safely harnessing vast shale reserves with advanced hydraulic fracturing and horizontal drilling. 

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crude-oil-exports  energy-markets  domestic-energy-production  economic-growth  jobs  trade  lng-exports 

Mark Green

Mark Green
Posted November 18, 2015

Interesting analysis on energy independence in the Wall Street Journal by Columbia University’s Jason Bordoff, a former energy adviser to President Obama. It’s a good thing the United States isn’t energy independent, Bordoff writes. That’ll get your attention, right?

As Bordoff explains, “energy independence” is a dusty concept from the 1970s and 80s, after policymakers made it a goal to end U.S. reliance on global crude suppliers after the 1973 oil embargo.  It didn’t happen. To the contrary, U.S. imports steadily climbed in the 1990s and 2000s before the significant increases in domestic production, thanks to abundant American shale energy reserves and advanced hydraulic fracturing.

Now, with U.S. energy output surging, the inclination among some is to keep that energy here at home by maintaining the 1970s-era ban on crude oil exports, believing that it lessens others’ ability to disrupt our oil supplies. But Bordoff writes that an “isolationist” approach on energy misunderstands the reality that today’s global energy market is highly integrated and that the interconnectedness of the market has helped the U.S. compensate for supply disruptions here at home and overseas. “Free trade in a highly integrated global energy market made us more secure,” he writes.

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