The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

lng-exports  trade  economic-benefits  infrastructure  keystone-xl 

Mark Green

Mark Green
Posted May 22, 2014

Energy and economic prosperity go together – on that most Americans agree. New polling finds strong majorities ofregistered voters connect exporting natural gas and new job creation, trade deficit reduction and a stronger economy.

The results mirror findings in other recent surveys on energy infrastructure investment and construction of the Keystone XL pipeline. All together, they tell decision makers to choose pro-energy development and investment policies to put more Americans to work and to make America stronger in the world today.

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economic-benefits  colorado  tax-revenues  fracking  oil-and-natural-gas 

Mark Green

Mark Green
Posted May 22, 2014

Here’s another one of our new videos – featuring residents of Colorado’s Weld County, where significant oil and natural gas development is occurring thanks to shale reserves and advanced hydraulic fracturing and horizontal drilling.

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ohio  hydraulic-fracturing  fracking  economic-benefits  oil-and-natural-gas 

Mark Green

Mark Green
Posted May 21, 2014

In Ohio, they’re seeing the benefits of oil and natural gas development with advanced hydraulic fracturing and horizontal drilling. This “unconventional” activity generated more than $910 million in state and local taxes in 2012 – a number that should grow as development accelerates in the Utica shale that sweeps across the eastern part of the state.

In the video below, residents of Carroll County, located just southeast of Canton, talk about oil and natural gas benefits where they live.

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lng-exports  liquefied-natural-gas  energy-department  economic-benefits  us-trade 

Mark Green

Mark Green
Posted May 20, 2014

Last week’s finding by federal regulators that a proposed liquefied natural gas (LNG) exporting project in southern Maryland would pose “no significant impact” on the environmental  is great news for the local and state economy, as well as for the United States, when it comes to broader trade and economic benefits from exporting U.S. LNG. Let’s hope the commission quickly follows up to approve the $3.8 billion project at Cove Point, Md.

Diane Leopold, president of Dominion Energy, which owns the existing LNG import facility (left) where the export project is planned:

“This marks another important step forward in a project that has very significant economic benefits and helps two allied nations in their efforts to increase their energy security and reduce their greenhouse gas emissions. … The Cove Point LNG facility has been in existence for nearly 40 years and this makes the most of existing facilities. This project will be built within the existing footprint and fence line of an industrial site. There is no need for additional pipelines, storage tanks or permanent piers, thus limiting its impact and making an environmental assessment appropriate.”

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american-energy  energy-development  keystone-xl  economic-benefits 

Mark Green

Mark Green
Posted May 13, 2014

Opportunity, jobs, investment, economic growth – all are in the balance as America chooses it course on energy development. Thanks to the U.S. energy revolution, built on surging production of oil and natural gas from shale and other tight-rock formations, for the first time in decades Americans can choose the energy narrative instead of having it dictated to them.

These themes were highlighted during “The Great Energy Debate” hosted by Politico. With congressional mid-term elections coming this fall, the discussion is timely and so very important to what could be an historic choice.

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virginia  offshore-energy  economic-benefits  infrastructure  oil-and-natural-gas-development 

Mark Green

Mark Green
Posted April 28, 2014

Virginia is for lovers – of domestic oil and natural gas production and investments in energy infrastructure. That’s what you see in a recent Harris Poll of registered voters in the commonwealth: Strong support for developing domestic oil and natural gas, including offshore reserves, as well as increased spending on infrastructure.

Some of the numbers:

  • 80 percent support increased production of domestic oil and natural gas reserves. Just 11 percent oppose.
  • 89 percent support increased development of U.S. energy infrastructure.
  • 94 percent agree increased domestic oil and natural gas output could help strengthen America’s energy security.
  • 91 percent agree increased domestic oil and natural gas production could help stimulate the economy.

And so it goes – with similar, slam-dunk margins on other questions, from benefits to U.S. consumers to economic growth.

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job-creation  job-security  economic-benefits  oil-and-natural-gas-jobs 

Mark Green

Mark Green
Posted March 12, 2014

I had an interesting – and very timely – conversation with the first group of API Fellows last week at IHS CERA’s mega-energy conference in Houston. Interesting – because these highly motivated men and women surely will be part of the next generation of industry leaders Timely, because a new IHS study projects great industry opportunities in the future for minorities and women.

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keystone-xl-pipeline  job-creation  economic-benefits 

Mark Green

Mark Green
Posted February 4, 2014

President Obama is taking issue with the number of jobs the Keystone XL pipeline would support during its construction phase – 42,100, according to the U.S. State Department environmental review issued last week. During an interview with Fox News’ Bill O’Reilly taped Sunday, the president interrupted when O’Reilly brought up Keystone XL and its potential economic impact:

“Well, first of all, it’s not 42,000. That’s – that’s not correct. It’s a couple of thousand to build the pipeline.”

The remark echoed what the president said to the New York Times last summer and also a line in an economic speech he delivered in Tennessee a few days later – each looking askance at the Keystone XL’s job-creating potential.

With all due respect, 42,100 is the Obama administration’s number – the number of jobs the president’s State Department estimates Keystone XL would support across the U.S. while the pipeline is being built.

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job-creation  economic-growth  economic-benefits 

Mark Green

Mark Green
Posted January 22, 2014

While I haven’t had a chance to fully digest the Center for American Progress’ latest attempt to spin for new energy taxes, I’m curious about its dismissal of indirect and induced jobs as the measure of an industry’s investments and operations. Direct/ indirect/ induced jobs isn’t some foreign concept, as we’ve noted before, but perhaps CAP would understand it better if we used a different example than the oil and natural gas industry.

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fracking  fracking-fluid  hydraulic-fracturing  regulation  access  economic-benefits  safety-standards 

Mark Green

Mark Green
Posted November 21, 2013

Legislation passed by the U.S. House would help preserve effective state regulation of hydraulic fracturing by limiting Interior Department enforcement of unnecessary fracking rules on public lands. Effective regulation has an important role in safe and responsible energy development, and states are best positioned to do just that. Erik Milito, API’s director of upstream and industry operations:

“Hydraulic fracturing and horizontal drilling are safe, proven technologies that have allowed the U.S. tooutpace Russia as the world’s number one producer of oil and natural gas. Job growth, energy security, andgovernment revenue are all rising due to the U.S. energy revolution, and state regulators are in the best positionto preserve America’s progress while protecting our natural resources with rules tailored to local hydrology,geology, and natural resources.”

The combination of advanced hydraulic fracturing and horizontal drilling launched the current shale energy revolution in America– a surge that can continue with increased access to oil and natural gas reserves, including those on public lands, and common-sense regulation led by the states. In terms of future economic growth and greater security in the world, U.S. shale energy is agame-changer. Below are 10 things everyone should know about it.

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